STRUCTURED OBLIGATIONS CORP LONG TERM CERT SER 2003 3
Business         Not Applicable
Risk Factors         Not Applicable
Unresolved Staff Comments         Not Applicable
Properties         Not Applicable
Legal Proceedings         The Registrant is not subject to any material pending legal proceedings.
Submission of Matters To A Vote of Security Holders         None         PART II
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities         The Certificates issued by and representing investors’ interest in the Select Notes Trust LT 2003-3 (the “Trust”) are represented by one or more physical Certificates registered in the name of “Cede & Co., the nominee of The Depository Trust Company.          The following Certificates are listed on the exchange identified below:        Title of Each Class     Name of Each Exchange on Which Registered     Select Notes Trust Long Term Certificates, Series 2003-3    American Stock Exchange
Selected Financial Data             Not Applicable
Management’s Discussion and Analysis of Financial Condition and Results of Operations         Not Applicable
Quantitative and Qualitative Disclosures About Market Risk       Not Applicable
Financial Statements and Supplementary Data         None
Changes In and Disagreements With Accountants on Accounting and Financial Disclosure         None
Controls and Procedures         Not Applicable
Other Information         Not Applicable               PART III
Directors and Executive Officers of the Registrant         None
Executive Compensation         Not Applicable
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters         Information required by Item 201(d) of Regulation S-X:  Not Applicable         Information required by Item 403 of Regulation S-X:  None
Certain Relationships and Related Transactions         None
Principal Accountant Fees and Services         Not Applicable     PART IV
Exhibits, Financial Schedules                      (a) The following documents have been filed as part of this Report.                  3.  Exhibits:                        31.1 – Certification by the President of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                     99.1 – Annual Compliance Report by Trustee.                    99.2 – Report of RubinBrown LLP.     (b) The Form 8-Ks of the Select Notes Trust LT 2003-3 (the “Trust”) which relate to periods covered by this annual report include (i) the Trust’s Current Report on Form 8-K for the distribution date occurring on January 18, 2005 and filed on January 25, 2005, (ii) the Trust’s Current Report on Form 8-K for the distribution date occurring on February 15, 2005 and filed on March 1, 2005, (iii) the Trust’s Current Report on Form 8-K for the distribution date occurring on March 15, 2005 and filed on March 30, 2005, (iv) the Trust’s Current Report on Form 8-K for the distribution date occurring on April 15, 2005 and filed on April 29, 2005, (v) the Trust’s Current Report on Form 8-K for the distribution date occurring on May 16, 2005 and filed on May 25, 2005, (vi) the Trust’s Current Report on Form 8-K for the distribution date occurring on June 15, 2005 and filed on June 29, 2005, (vii) the Trust’s Current Report on Form 8-K for the distribution date occurring on July 15, 2005 and filed on July 27, 2005, (viii) the Trust’s Current Report on Form 8-K for the distribution date occurring on August 15, 2005 and filed on August 30, 2005, (ix) the Trust’s Current Report on Form 8-K for the distribution date occurring on September 15, 2005 and filed on September 29, 2005, (x) the Trust’s Current Report on Form 8-K for the distribution date occurring on October 17, 2005 and filed on October 27, 2005, (xi) the Trust’s Current Report on Form 8-K for the distribution date occurring on November 15, 2005 and filed on November 29, 2005, and (xii) the Trust’s Current Report on Form 8-K for the distribution date occurring on December 15, 2005 and filed on December 30, 2005.        (c)  See Item 15(a) above.         (d)  Not Applicable.                    SIGNATURES     Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.      STRUCTURED OBLIGATIONS CORPORATION, as trustor for the Trust Registrant                             By:  /s/ Chadwick S. Parson                            Name:  Chadwick S. Parson     Title:    President       Dated:  March 30, 2006            Exhibit 31.1   CERTIFICATION   I, Chadwick S. Parson, certify that:   1.                I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of the Select Notes Trust LT 2003-3;   2.               Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;   3.                Based on my knowledge, the distribution or servicing information required to be provided to the depositor by the trustee under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;   4.                I am responsible for reviewing the activities performed by the depositor and the trustee under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the depositor and the trustee have each fulfilled its obligations under that agreement.   5.                The reports disclose all significant deficiencies relating to the compliance by the trustee and the depositor with the minimum servicing or similar standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.    In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: U.S. Bank Trust National Association.        By:   /s/ Chadwick S. Parson        Name:   Chadwick S. Parson     Title:     President       Structured Obligations Corporation Date:  March 30, 2006                                                                                                                       Exhibit 99.1   CERTIFICATION   The undersigned, being an officer of U.S. Bank Trust National Association, as trustee (the “Trustee”) of the Select Notes Trust LT 2003-3 (the “Trust”) hereby makes the following certifications for inclusion as an exhibit to the Trust’s annual report on Form 10-K for the fiscal year ended December 31, 2005 (the “Annual Report”):      1.   The Trustee is the trustee under the Trust’s trust agreement.               2.   Based on my knowledge, for the period covered by the Annual Report, the Trustee has fulfilled its obligations under the Trust’s trust agreement.            /s/ Beverly A. Freeney     Name:   Beverly A. Freeney     Title:     Vice President     Date:     March 30, 2006                 Exhibit 99.2   Report Of Independent  Registered Public Accounting Firm   To the Board of Directors  Structured Obligations Corporation New York, New York   We have examined the compliance of Structured Obligations Corporation (Depositor) and U.S. Bank National Association (Trustee) with the Base Trust Agreement and the Select Notes Trust Supplement LT 2003-3 (the Agreements) relating to the administration of the underlying securities and related credit support deposited in or held by the Select Notes Trust LT 2003-3 for the year ended December 31, 2005.  Depositor’s management is responsible for compliance with those requirements.  Our responsibility is to express an opinion on compliance with the Agreements based on our examination.   Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about Depositor’s and Trustee’s compliance with those requirements described above and performing such other procedures as we considered necessary in the circumstances.  We believe that our examination provides a reasonable basis for our opinion.  Our examination does not provide a legal determination of Depositor’s and Trustee’s compliance with specified requirements.   In our opinion, Depositor and Trustee complied, in all material respects, with the requirements described above of the Agreements for the year ended December 31, 2005.   This report is intended solely for the information and use of Structured Obligations Corporation, U.S. Bank National Association, the Securities and Exchange Commission and the Certificate Holders of the Select Notes Trust LT 2003-3, and is not intended to be, and should not be used by anyone other than those specified parties.   /s/ RubinBrown LLP St. Louis, Missouri February 16, 2006                        -----END PRIVACY-ENHANCED MESSAGE-----