|    545      8th Avenue, Suite 402New York, NY      10018Tel. (212)      957-7385  17 Academy Street, Suite      1008Newark, NJ 07102Tel. (973)      824-5832 |    Independent      Accountant’s Report  Synthetic      Fixed-Income Securities, Inc. (as Depositor)One      Wachovia Center301      South College Street, DC-7Charlotte,      NC 28288 U.S.      Bank Trust National Association (as Trustee)Corporate      Trust Department100      Wall StreetNew      York, NY 10005  Re:    STRATS      Trust      For Goldman Sachs Capital I Securities, Series 2005-1 (the      “Trust”) Ladies      and Gentlemen: We have examined assertions of      Synthetic Fixed-Income Securities, Inc. (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 Base Trust Agreement dated      as of September 26, 2003, as supplemented by a series supplement dated as      of June 13, 2005 (together, the “Trust Agreement”), in respect of the      STRATS Trust For Goldman Sachs Capital I Securities, Series      2005-1 (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, 2008 (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 attestation 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,      2008.  /s/      Aston Bell, CPA New      York, New YorkMarch      19, 2009 |
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