[Letterhead of Chapman and Cutler LLP]

EXHIBIT 8.1

June 11, 2012

Fixed Income Client Solutions LLC

214 N. Tryon Street

Suite 2636

Charlotte, North Carolina 28202

	Re:	Fixed Income Trust for Prudential
		Financial, Inc. Notes, Series 2012-1

Ladies and Gentlemen:

We have acted as counsel for Fixed Income Client Solutions LLC, a Delaware limited liability company (the “Company”) with respect to certain federal income tax aspects in connection with the sale by the Company and purchase by U.S. Bancorp Investments, Inc. (the “Underwriter”) of $1,615,000 aggregate face amount of Class A-2013 Zero Coupon Certificates, Series 2012-1, $1,661,000 aggregate face amount of Class A-2014 Zero Coupon Certificates, Series 2012-1, $1,661,000 aggregate face amount of Class A-2015 Zero Coupon Certificates, Series 2012-1, $1,661,000 aggregate face amount of Class A-2016 Zero Coupon Certificates, Series 2012-1, $1,661,000 aggregate face amount of Class A-2017 Zero Coupon Certificates, Series 2012-1 and $25,250,000 aggregate face amount of Class A-2037 Callable Step Up Certificates, Series 2012-1 (collectively, the “Securities”), pursuant to the terms of the Underwriting Agreement, dated May 22, 2012, between the Company and the Underwriter. The Securities are being issued pursuant to a Trust Agreement, dated as of June 11, 2012, between the Company and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by a Trust Agreement Supplement, Series 2012-1, dated as of June 11, 2012, between the Company and the Trustee.

Our advice to the Company conforms to the description of selected federal income tax consequences to holders of the Securities that appear under the heading “Summary – Certain Federal Income Tax Consequences” in the Prospectus Supplement, dated June 7, 2012 (the “Prospectus Supplement”) and “Certain Federal Income Tax Consequences” in the Prospectus, dated April 23, 2012 (the “Prospectus”) and the Prospectus Supplement. Such description does not purport to discuss all possible income tax ramifications of the issuance, but with respect to those tax consequences which are discussed, in our opinion, to the extent they constitute matters of law or legal conclusions with respect thereto, the description is accurate in all material respects as of the date hereof, and we hereby confirm and adopt the opinions set forth therein.

Fixed Income Client Solutions LLC

June 11, 2012

Page 2

The opinion expressed in this letter is based on the provisions of the Internal Revenue Code of 1986, as amended, final, temporary and proposed Treasury regulations promulgated thereunder and administrative and judicial interpretations thereof, all as in effect as of the date hereof and all of which are subject to change (possibly on a retroactive basis). No ruling from the Internal Revenue Service has been or will be sought on any issues that are the subject of this letter. As more fully described in the previously-referenced discussions in the Prospectus Supplement and Prospectus and in the immediately succeeding paragraph, there can be no assurance, however, that contrary positions will not be taken by the Internal Revenue Service or that the law will not change. Although our opinion expressed in this letter represents our best judgment as to such matters, our opinion has no binding effect on the Internal Revenue Service or the courts.

This opinion letter is based on the facts and circumstances set forth in the Prospectus, the Prospectus Supplement and in the other documents reviewed by us.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement on Form S-3 (File no. 333-171670) (the “Registration Statement”), as declared effective on April 1, 2011. We also consent to the use of our name wherever appearing in the Registration Statement, and the Prospectus and the Prospectus Supplement contained therein. In giving such consent, we do not admit that we are “experts,” within the meaning of the term used in the Act or the rules and regulations of the Commission issued thereunder, with respect to any part of the Registration Statement, including this opinion, as an exhibit or otherwise. We disclaim any obligation to update this opinion letter for events occurring or information coming to our attention after the date hereof.

	Very truly yours,



	/s/ Chapman and Cutler LLP



	CHAPMAN AND CUTLER LLP

Fixed Income Client Solutions LLC 8-K