MS STRUCTURED SATURNS SERIES 2007-1 FILES (8-K) Disclosing Change of Servicer or Trustee, Financial Statements and Exhibits

 Item 6.02 Change of Servicer or Trustee. U.S. Bank National Association ("U.S. Bank") succeeded Bank of America N.A. ("Bank of America") as trustee under the Trust Agreement, between MS Structured Asset Corp., as Depositor and U.S. Bank National Association, as Trustee, as successor-in-interest to Bank of America, National Association, as Trustee, as successor by merger to LaSalle Bank National Association, as Trustee, for TILES Trust No. 2006-1, dated February 15, 2006, together with Schedules I, II and III attached thereto, and the Standard Terms for Trust Agreements, between MS Structured Asset Corp, as Depositor and U.S. Bank National Association, as Trustee, as successor-in-interest to Bank of America, National Association, as Trustee, as successor by merger to LaSalle Bank National Association, as Trustee dated March 5, 2003. U.S. Bank was appointed trustee under an appointment agreement dated as of December 16, 2011 for which the final approval was received December 22. 2011. The appointment agreement is being filed as an exhibit. U.S. Bancorp, with total assets exceeding $330 billion as of September 30, 2011, is the parent company of U.S. Bank, the fifth largest commercial bank in the United States. As of September 30, 2011, U.S. Bancorp served approximately 17 million customers and operated over 3,000 branch offices in 25 states. A network of specialized U.S. Bancorp offices across the nation provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses, governments and institutions. U.S. Bank has one of the largest corporate trust businesses in the country with office locations in 48 Domestic and 3 International cities. The Trust Agreement will be administered from U.S. Bank's corporate trust office located in Chicago, Illinois. U.S. Bank has provided corporate trust services since 1924. As of September 30, 2011, U.S. Bank was acting as trustee with respect to over 84,000 issuances of securities with an aggregate outstanding principal balance of over $3.2 trillion. This portfolio includes corporate and municipal bonds, mortgage-backed and asset-backed securities and collateralized debt obligations. On December 30, 2010, U.S. Bank National Association purchased the domestic and European-based securitization trust administration businesses of Bank of America, National Association. Following the closing of the acquisition, U.S. Bank succeeded to the duties of the Bank of America affiliate serving as trustee or agent, as applicable, under each client agreement except with respect to those transactions that require additional steps to be taken to transfer the appointments in accordance with the terms of the governing instrument or agreement or applicable law. Under the terms of the agreement, U.S. Bank Corporate Trust Services acquired approximately 2,150 active securitization and related transactions, which include custodial services with respect to more than 2.4 million residential mortgage files and 84,000 commercial mortgage files, and which include more than $1.1 trillion in underlying assets. Section 9 - Financial Statements and Exhibits   Item 9.01 Financial Statements and Exhibits. (d) Exhibits  

(Exhibit No. Description) 99.1 Instrument of Appointment and Acceptance of U.S. Bank National Association as Successor Trustee.