EXHIBIT INDEX

Exhibit Number

Description

Exhibit 99.1

Distribution Statement

To the Holders of:

CORPORATE BACKED CALLABLE TRUST CERTIFICATES, J.C. PENNEY DEBENTURE-BACKED SERIES 2007-1

*CUSIP:

21988T207 - 7.00% Class A-1 Certificates

*CUSIP:

21988TAA6 - 0.625% Class A-2 Certificates

U.S. Bank Trust National Association, as Trustee for the Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-

Backed Series 2007-1, hereby gives notice with respect to the Scheduled Distribution Date of March 1, 2023 (the "Distribution

Date") as follows:

Record Date: February 28, 2023

Collection Period: September 2, 2022 to March 1, 2023, 180 Days

Distribution Date: March 1, 2023

Underlying Security: J.C. Penney Corporation, Inc. 7 5/8% Debentures due 3/1/2097

CUSIP of Underlying Security*: 708160BL9

Certificate Account Holdings as of beginning of Collection Period

Cash Balance:

$0.00

Number of Underlying Securities Held:

One

Principal Amount of Underlying Security:

$55,000,000.00

Cash Flows received during Collection Period

Scheduled Income received on Underlying Securities on Distribution Date:

$0.00

Principal Received on Underlying Securities:

$0.00

LESS:

Payment to Depositor of remaining Purchase Price of Underlying Security:

$0.00

Class A-1 Allocation paid to Certificateholders:

$0.00

Per $25 Class A-1 Certificate:

0.000

Class A-2 Allocation paid to Certificateholders:

$0.00

Per $1,000 Notional Amount of Class A-2 Certificates:

0.000

Fee paid to Trustee:

$0.00

Certificate Account Holdings at close of business on Distribution Date

Cash Balance:

$0.00

Number of Underlying Securities Held:

One

Principal Amount of Underlying Securities:

$55,000,000.00

Issued by Trust and outstanding as of beginning of Collection Period

2,200,000 Class A-1 Certificates representing Principal Balance:

$55,000,000.00

Notional Amount of Class A-2 Certificates:

$55,000,000.00

Number of Call Warrants:

55,000

Issued by Trust and outstanding at close of business on Distribution Date

2,200,000 Class A-1 Certificates representing Principal Balance:

$55,000,000.00

Notional Amount of Class A-2 Certificates:

$55,000,000.00

Number of Call Warrants:

55,000

U.S. Bank National Association, as Trustee

*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor is any representation made as to its

correctness. It is included solely for the convenience of the Holders.

Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust 10-D