LEHMAN ABS CORP AT&T WIRELESS SERV NOTE BACK SER 2002 7
Item 1A. Risk Factors. - ---------------------      Not Applicable
Item 2. Properties. - ------------------      Not Applicable
Item 4. Submission of Matters to a Vote of Security Holders. - ------------------------------------------------------------       None                                      PART II
Item 6. Selected Financial Data. - --------------------------------       Not Applicable
Item 7A. Quantitative and Qualitative Disclosures About Market Risk. - --------------------------------------------------------------------      Not Applicable
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure. - ---------------------------------------      None
Item 9B. Other Information. - ---------------------------      None                                     PART III
Item 11. Executive Compensation. - --------------------------------      Not Applicable                                         4
Item 13. Certain Relationships and Related Transactions. - --------------------------------------------------------      None
PART IV
(a)  The following documents have been filed as part of this report.            1.   Trustee's Distribution Statements documented on Form 8-K                regarding the distributions from the Trust to the                certificateholders for the period from January 1, 2005 through                and including December 31, 2005 have been filed with the                Securities and Exchange Commission and are hereby incorporated                by reference. Filing dates are listed below:        -----------------------------------------------------------------------------------------------                      Trust Description                               Distribution Date   Filed on    -----------------------------------------------------------------------------------------------          Corporate Backed Trust Certificates, AT&T Wireless Services          03/01/2005     03/11/2005    Note-Backed Series 2002-7 Trust                                      09/01/2005     09/14/2005    -----------------------------------------------------------------------------------------------              2.   None.            3.   Exhibits:                 31.1 - Certification by Senior Vice 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.                 31.2 - Annual Compliance Report by Trustee pursuant to 15                U.S.C. Section 7241, as adopted pursuant to Section 302 of the                Sarbanes-Oxley Act of 2002.       (b)  See Item 15(a) above.       (c)  Not Applicable.                                         5                                       SIGNATURE       Pursuant to the requirements 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.                                      Lehman ABS Corporation, as Depositor for                                     the Trust (the "Registrant")    Dated: March 27, 2006               By:   /s/ CHARLES M. WEAVER                                        ---------------------------------                                           Name:  Charles M. Weaver                                           Title: Senior Vice President                                         6                                 EXHIBIT INDEX        --------------------------------------------------------------        Reference       Number per        Description of Exhibits           Exhibit       Item 601 of                                         Number       Regulation                                         in this           SK                                            Form 10-K       --------------------------------------------------------------                  Certification by Senior Vice                  President of the Registrant pursuant         (31.1)   to 15 U.S.C. Section 7241, as adopted     31.1                  pursuant to Section 302 of the                  Sarbanes-Oxley Act of 2002.       --------------------------------------------------------------                  Annual Compliance Report by Trustee         (31.2)   pursuant to 15 U.S.C. Section 7241,                  as adopted pursuant to Section 302 of     31.2                  the Sarbanes-Oxley Act of 2002.       --------------------------------------------------------------                                         7    EX-31.1 2 efc6-0996_5818298ex311.txt                                                                     Exhibit 31.1                                   CERTIFICATION  I, Charles M. Weaver, certify that:       1.   I have reviewed this annual report on Form 10-K in respect of the           Corporate Backed Trust Certificates, AT&T Wireless Services           Note-Backed Series 2002-7 Trust (the "Trust") and all reports on           Form 8-K containing distribution or servicing reports of the Trust           filed in respect of periods included in the year covered by this           annual report of the Trust;       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; and       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 Trustee have each fulfilled its           obligations under that agreement.  In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated party: U.S. Bank Trust National Association, as Trustee.  Date: March 27, 2006            /s/ CHARLES M. WEAVER - ---------------------------------------- Charles M. Weaver, Senior Vice President    EX-31.2 3 efc6-0996_5818298ex312.txt                                                                     Exhibit 31.2                             ANNUAL COMPLIANCE REPORT            I, David J. Kolibachuk, being an officer of U.S. Bank Trust National Association, the Trustee in respect of the Corporate Backed Trust Certificates, AT&T Wireless Services Note-Backed Series 2002-7 Trust (the "Trust"), certify that:       1.   I have reviewed this annual report on Form 10-K in respect of the           Trust and all reports on Form 8-K containing distribution or           servicing reports of the Trust filed by Lehman ABS Corporation in           respect of periods included in the year covered by this annual           report of the Trust;       2.   Based on my knowledge, the information in those 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 information required to be           provided to the Depositor or the certificateholders by the Trustee           under the pooling and servicing or similar agreement for inclusion           in such distribution reports is included in such reports; and       4.   I am responsible for reviewing the activities performed by the           Trustee under the pooling and servicing or similar agreement and           based on my knowledge, except as disclosed in such reports, the           Trustee has fulfilled its obligations under that agreement.    Date: March 27, 2006         /s/ DAVID J. KOLIBACHUK - ----------------------------------- David J. Kolibachuk, Vice President    -----END PRIVACY-ENHANCED MESSAGE-----