UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                     ----

                                   FORM 10-K

                       FOR ANNUAL AND TRANSITION REPORTS
                    PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934




        (Mark One)

          [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
          EXCHANGE ACT OF 1934

          For the fiscal year ended December 31, 2006

                                      or

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI-
          TIES EXCHANGE ACT OF 1934

          For the transition period from ________ to ________

                       Commission File Number: 000-50084


                            Core Bond Products LLC
      ------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>
                       Delaware                                        06-1646732
----------------------------------------------------  -----------------------------------------
<S>                                                   <C>
     (State or Other Jurisdiction, Organization or        (I.R.S. Employer Identification No.)
                    Incorporation)
----------------------------------------------------  -----------------------------------------


           Bank of America Corporate Center                              28255
----------------------------------------------------  -----------------------------------------
               Charlotte, North Carolina                                (Zip Code)
       (Address of principal executive offices)
</TABLE>

          Registrant's telephone number, including area code: (704) 386-7484

Securities registered pursuant to Section 12(b) of the Act:

<TABLE>
<CAPTION>
               Title of Each Class                     Name of Exchange on Which Registered
               -------------------                     ------------------------------------

                      <S>                                              <C>
                      None                                             None
</TABLE>
<PAGE>


Securities registered pursuant to Section 12(g) of the Act:

 Core Investment Grade Bond Trust I, Pass-Through Certificates, Series 2002-1
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                               (Title of Class)


Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act of 1933.

Yes [ ]     No[X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934.

Yes [ ]     No[X]

Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

Yes [X]     No[ ]


Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K. [X]

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Securities Exchange
Act of 1934.

Large Accelerated Filer [ ]  Accelerated Filer [ ]  Non-Accelerated Filer [X]

Indicate by check mark whether the registrant is a shell company as defined in
Rule 12b-2 of the Securities Exchange Act of 1934).

Yes [ ]     No[X]

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common
equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently
completed second fiscal quarter:
The registrant has no voting stock or class of common stock outstanding that
is held by the non-affiliates.



                      DOCUMENTS INCORPORATED BY REFERENCE

                                     None

                               Introductory Note

Core Bond Products LLC (the "Registrant") is the depositor (the "Depositor")
under the trust agreement, as amended (the "Trust Agreement"), among the
Depositor, The Bank of New York, as trustee and securities intermediary (the
"Trustee"), and Banc of America Securities LLC, as administrative agent (the
"Administrative Agent"), providing for the issuance of Pass-Through
Certificates, Series 2002-1 (the "Certificates"), by Core Investment Grade
Bond Trust I, a New York common law trust (the "Trust"). The Certificates do
not represent obligations of or interests in the Depositor, the Trustee or the
Administrative Agent.

                                                  PART I

<TABLE>
<CAPTION>
Item 1.  Business.
-----------------
<S>      <C>
         Not Applicable


<PAGE>


Item 1A. Risk Factors.
---------------------
         Not Applicable

Item 1B. Unresolved Staff Comments.
----------------------------------
         None

Item 2.  Properties.
-------------------
         Not Applicable

Item 3.  Legal Proceedings.
---------------------------
         None

Item 4.  Submission of Matters To A Vote of Security Holders.
-------------------------------------------------------------

         None

                                                      PART II

Item 5.  Market for Registrant's Common Equity and Related Stockholder Matters.
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         The Certificates evidence interests in the Trust and are represented by global securities
registered in the name of "Cede & Co.," the nominee of The Depository Trust Company. The Certificates are
not listed on any United States securities exchange.

Item 6.  Selected Financial Data.
---------------------------------
         Not Applicable

Item 7.  Management's Discussion and Analysis of Financial Condition and Results of Operations.
----------------------------------------------------------------------------------------------
         Not Applicable

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
-------------------------------------------------------------------
         Not Applicable

Item 8.  Financial Statements and Supplementary Data.
-----------------------------------------------------
         Not Applicable

Item 9.  Changes In and Disagreements With Accountants on Accounting and Financial Disclosure..
---------------------------------------------------------------------------------------------
         Not Applicable

Item 9A. Controls and Procedures.
--------------------------------
         Not Applicable

Item 9B. Other Information.
--------------------------
         None

                                                 PART III

Item 10. Directors and Executive Officers of the Registrant.
-----------------------------------------------------------
         Not Applicable

Item 11. Executive Compensation.
--------------------------------
         None

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
--------------------------------------------------------------------------------------------------------
         Information required by Item 201(d) of Regulation S-K: None
         Information required by Item 403 of Regulation S-K: None

<PAGE>


Item 13. Certain Relationships and Related Transactions.
--------------------------------------------------------
         None

Item 14. Principal Accountant Fees and Services.
------------------------------------------------
         Not Applicable
</TABLE>



<PAGE>



                                                 PART IV

Item 15. Exhibits and Financial Statement Schedules.
----------------------------------------------------

          (a)  The following documents are filed as a part of this report:

               1. The following reports on Form 8-K were filed during the
               period covered by this report and are hereby incorporated by
               reference:

               Trustee's statement to certificate holders of Core Investment
               Grade Bond Trust I Pass-Through Certificates, Series 2002-1, in
               respect of the distribution made on May 30, 2006, as filed with
               the Securities and Exchange Commission on June 5, 2006.

               Trustee's statement to certificate holders of Core Investment
               Grade Bond Trust I Pass-Through Certificates, Series 2002-1, in
               respect of the distribution made on November 30, 2006, as filed
               with the Securities and Exchange Commission on December 4,
               2006.

               2. Exhibits:

               31.1 Certification by President and Chief Executive Officer 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 Trustee's compliance report by Trustee pursuant to 15
                    U.S.C. 7241.

          (b)  See Item 15(a) above.

          (c)  None



<PAGE>



                                   SIGNATURE

         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.

                                Core Bond Products LLC (as Depositor)



                                By:  /s/ David James Walker
                                   ----------------------------------------
                                Name:  David James Walker
                                Title: President and Chief Executive Officer
                                Date:  March 28, 2007