LEHMAN ABS CORP SPRINT CAPITAL BACK SER 2003 17 CLASS A 1
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
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Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stock Matters.          Not Applicable
Item 14.  Principal Accounting Fees and Services.          Not Applicable                                      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, Sprint Capital Note-Backed Series             05/15/2005          05/26/2005 2003-17 Trust                                                                      11/15/2005          11/22/2005 - ----------------------------------------------------------------------------- ---------------------- ---------------                 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.                    31.3 - Report of Aston Bell, CPA.           (b) See Item 15(a) above.           (c) Not Applicable.                                          4                                        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                                            5                                       EXHIBIT INDEX  - ------------------------------------------------------------------------------------------    Reference                    Description of Exhibits                  Exhibit Number   Number per                                                            in this Form 10-K   Item 601 of  Regulation SK - ------------------------------------------------------------------------------------------                (31.1)     Certification by Senior Vice President of the                 31.1                 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           31.2                 302 of the Sarbanes-Oxley Act of 2002. - ------------------------------------------------------------------------------------------      (31.3)     Report of Aston Bell, CPA.                                    31.3 - ------------------------------------------------------------------------------------------     EX-31.1 2 efc6-0886_5818359ex311.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, Sprint Capital Note-Backed          Series 2003-17 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;  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; and  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 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 efc6-0886_5818359ex312.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, Sprint Capital Note-Backed Series 2003-17 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;  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; and  5.       The reports disclose all significant deficiencies relating to the          Trustee's compliance 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.  Date: March 27, 2006            /s/ DAVID J. KOLIBACHUK - ---------------------------------------------------- David J. Kolibachuk, Vice President    EX-31.3 4 efc6-0886_5818359ex313.txt                                                                    Exhibit 31.3                          INDEPENDENT ACCOUNTANT'S REPORT   Lehman ABS Corporation, as Depositor 745 Seventh Avenue New York, New York 10019  U.S. Bank Trust National Association, as Trustee Corporate Trust Department 100 Wall Street New York, NY 10005  Re: Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series     2003-17 Trust (the "Trust")  Ladies and Gentlemen:  We have examined assertions of Lehman ABS Corporation (the "Depositor") and U.S. Bank National Association, (the "Trustee" and, together with the Depositor, the "Management") that the Depositor and the Trustee have complied, in all material respects, with the provisions of the Standard Terms for Trust Agreements dated as of January 16, 2001, as supplemented by a series supplement dated as of October 29, 2003 (together, the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17 Trust (the "Trust"), during the period covered by the annual report on Form 10-K filed by the Depositor on behalf of the Trust for the year ended December 31, 2005 (the "Annual Report"). Management is responsible for compliance with the Trust Agreement. Our responsibility is to express an opinion on Management's assertions based on our examination.  Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Depositor's and the Trustee's compliance with the Trust Agreement and performing such other procedures as considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.  In our opinion, the Depositor and the Trustee have complied, in all material respects, with the Trust Agreement during the period covered by the Annual Report and Management's assertions with respect to such compliance are fairly stated, in all material respects, for the year ended December 31, 2005.   /s/ Aston Bell, CPA   New York, New York March 17, 2006    -----END PRIVACY-ENHANCED MESSAGE-----