Exhibit 31.2





ABS ANNUAL REPORT BACKUP CERTIFICATION

Reference is made to 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. Capitalized terms used herein and not defined shall have the meanings defined in the Trust Agreement and
the Standard Terms for Trust Agreements.



In connection with
the preparation and delivery of the annual report on Form 10-K of MS Structured Asset Corp. on behalf of TILES Trust No. 2006-1
for the fiscal year ending December 31, 2019 (“Fiscal Year”) and the certifications given by Joshua
Schanzerwith respect thereto, the undersigned hereby certifies that she is a duly elected Senior Vice President of U.S.
Bank National Association (the “Trustee”) and further certifies in her capacity as such as follows:

| | 1. | U.S. Bank National Association has prepared all reports to Unitholders with respect to each distribution
date for TILES Trust No. 2006-1 and, if permitted under the applicable rules and regulations of the Securities Exchange Commission
and the procedures with respect thereto that have been mutually agreed upon by MS Structured Asset Corp. and U.S. Bank National
Association, has filed a copy of such reports on Form 10-D for the months listed on Exhibit A hereto;
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| | 2. | I (or officers under my supervision) have reviewed the reports on Form 10-D containing the reports
to Unitholders included on Exhibit A filed in respect of periods included in the Fiscal Year covered by the annual report of MS
Structured Asset Corp. on behalf of TILES Trust No. 2006-1;
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3. | I am familiar with the operations of U.S. Bank National Association with respect to the TILES Trust
No. 2006-1 and the requirements imposed by the Trust Agreement;
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| | 4. | Based on my knowledge, the information in the reports to Unitholders, 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 date
that the distribution information was filed on Form 10-D;
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| | 5. | Based on my knowledge, the information required to be provided under the Trust Agreement, for inclusion
in the reports to Unitholders, is included in the reports
to Unitholders;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6. | Based on my knowledge, and except as disclosed in the reports
to Unitholders, the Trustee has fulfilled its obligations under the Trust Agreement in all material respects;
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------















| | 7. | Based on my knowledge, and except as disclosed in the reports to Unitholders, there are no material
legal
| | -- | ---------------------------------------------------------------------------------------------------------

proceedings with respect to the trust, involving the trust
or U.S. Bank National Association as Trustee.





U.S. Bank National Association as successor-in-interest
to Bank of America, National Association as successor by merger to LaSalle Bank National Association, as Trustee



By: /s/
Kimberly O. Jacobs

Name:	Kimberly
O. Jacobs

Title:	Senior Vice
President

Date: February 21,
2020



















































































Exhibit A

|TILES Trust No.: | Closing Date      | Payment Dates                     | Form 10-D Filing Dates                   
|---------------- | ----------------- | --------------------------------- | -----------------------------------------
|2006-1           | February 15, 2006 | February 15, 2019 August 15, 2019 | February 28, 2019
        August 21, 2019