| 1.   | Bank of America, National Association as successor by merger to LaSalle Bank National Association has, 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 Bank of America, National Association, filed a copy of the reports on Form 10-D or Form 10-DA, as applicable, during the Fiscal Year listed on Exhibit A hereto. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | I have reviewed the reports on Form 10-D or Form 10-DA, as applicable, containing the reports to Unitholders listed on Exhibit A for the Fiscal Year covered by the annual report (the “BANA Reviewed Distribution Reports”) of MS Structured Asset Corp. on behalf of TILES Trust No. 2006-1; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | I am familiar with the operations of Bank of America, National Association as successor by merger to LaSalle Bank National Association with respect to the SATURNS program and TILES Trust No. 2006-1 and the requirement imposed by the Trust Agreement; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Based on my knowledge, the reporting information in the BANA Reviewed Distribution 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 date that the distribution information was filed on Form 10-D or Form 10-DA, as applicable; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Based on my knowledge, the reporting information required to be provided in the reports to Unitholders under the Trust Agreement, for inclusion in the BANA Reviewed Distribution Reports, is included in the BANA Reviewed Distribution Reports; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Based on my knowledge, and except as disclosed in the BANA Reviewed Distribution Reports, or the certificates required to be delivered pursuant to Item 1122 or Item 1123 of 17 CFR Section 229.1100 (“Regulation AB”), for the applicable periods (as outlined on Exhibit C hereto) the Former Trustee has fulfilled its obligations, including any servicing obligations, under the Trust Agreement. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Based on my knowledge, as of September 6, 2011, and except as disclosed in the BANA Reviewed Distribution Reports or as disclosed in Exhibit B, there are no material legal proceedings pending with respect to the trust, involving the trust or Bank of America, National Association as successor by merger to LaSalle Bank National Association as Former Trustee of the trust. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | I certify to paragraphs 3, 6 and 7 above:                                                           |
|--------|--------|-----------------------------------------------------------------------------------------------------|
|   |   |                                                                                                |
|   |   | By:         /s/ Thomas M. O'Connor                     |
|   |   |  Name:         Thomas M. O'Connor                 |
|   |   |  Title:           Senior Vice President |
|   |   |  Date:           2/24/2012              |

|   |   | With respect to the February, 2011 and August, 2011 distribution report filed on Form 8-KA, I certify to paragraphs 1, 2, 4 and 5 above: |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                               |
|   |   | By:         /s/ Thomas G. Lehmann                                                                     |
|   |   |  Name:         Thomas G. Lehmann                                                                 |
|   |   |  Title:           Senior Vice President                                                |
|   |   |  Date:           2/27/2012                                                             |

----

|   TILES Trust No.: |   Closing Date |   Payment Dates | Dates for which BANA filed the Form10-DFor FY 2011 | Dates for which BANA filed the Form 10-DAfor FY 2011 | BANA Reviewed Distribution Reports                   |
|------------------------------|--------------------------|---------------------------|----------------------------------------------------|------------------------------------------------------|------------------------------------------------------|
| 2006-1                       | February 15, 2006        | February 15 and August 15 | February 25, 2011 and August 25, 2011              | September 1, 2011                                    | February, 2011 and August, 2011 Distribution Reports |

----

----

| Mar 2003 Reference | Standard Terms for Trust Agreements Section                                                              | BANA                    | USB                       |
|--------------------|----------------------------------------------------------------------------------------------------------|-------------------------|---------------------------|
| 2.02               | Entry Into Swap Agreement and Other Agreements                                                           | 1/1-9/6                 | 2/1-12/31                 |
| 3.02a              | Administration of the Trust                                                                              | 1/1-9/6                 | 2/1-12/31                 |
| 3.02b              | Administration of the Trust                                                                              | 1/1-9/6                 | 2/1-12/31                 |
| 3.03               | Collection of Certain Underlying Security Payments                                                       | 1/1-9/6                 | 2/1-12/31                 |
| 3.04               | Sale                                                                                                     | N/A                     | N/A                       |
| 3.05a              | Unit Account                                                                                             | 1/1-9/6                 | 9/6-12/31                 |
| 3.05b              | Unit Account                                                                                             | 1/1-2/1                 | 2/1-12/31                 |
| 3.06               | Investment of Funds in the Accounts                                                                      | 1/1-2/1                 | 2/1-12/31                 |
| 3.07               | Retained Interest                                                                                        | 1/1-9/6                 | 9/6-12/31                 |
| 3.08               | Access to Certain Documentation                                                                          | 1/1-9/6                 | 2/1-12/31                 |
| 4.01               | Distributions                                                                                            | 1/1-9/6                 | 2/1-12/31                 |
| 4.02a              | Reports to Unitholders and Others - with respect to statement information (i) to (xi)                    | N/A                     | 2/15/2011 & 8/15/2011 |
| 4.02a              | Reports to Unitholders and Others - with respect to 8-K filing                                           | 2/15/11 & 8/15/2011 | N/A                       |
| 4.02a              | Reports to Unitholders and Others - with respect to year end statement                                   | 1/1-9/6                 | 9/6-12/31                 |
| 4.02b              | Reports to Unitholders and Others (b)                                                                    | 1/1-2/1                 | 2/1-12/31                 |
| 4.02c              | Reports to Unitholders and Others (c)                                                                    | 1/1-2/1                 | 2/1-12/31                 |
| 4.02d              | Reports to Unitholders and Others (d)                                                                    | 1/1-3/1                 | N/A                       |
| 4.02e              | Reports to Unitholders and Others (e)                                                                    | 1/1-2/1                 | 2/1-12/31                 |
| 4.02f              | Reports to Unitholders and Others (f)                                                                    | 1/1-3/1                 | N/A                       |
| 4.03               | Calculation of Interest Rates                                                                            | 1/1-2/1                 | 2/1-12/31                 |
| 4.04               | Compliance with Tax Reporting and Withholding Requirements                                               | 1/1-2/1                 | 2/1-12/31                 |
| 4.05               | Preservation of Information, Communications to Holders - with respect to Registrar                       | 1/1-9/6                 | 9/6-12/31                 |
| 5.02               | Execution, Authentication, and Delivery                                                                  | 1/1-9/6                 | 9/6-12/31                 |
| 5.03               | Registration; Registration of Transfer and Exchange                                                      | 1/1-9/6                 | 9/6-12/31                 |
| 5.04               | Mutilated, Destroyed, Lost and Stolen Units                                                              | 1/1-9/6                 | 9/6-12/31                 |
| 5.05               | Distributions in Respect of Units                                                                        | 1/1-9/6                 | 9/6-12/31                 |
| 5.07               | Cancellation                                                                                             | 1/1-9/6                 | 9/6-12/31                 |
| 5.08               | Currency of Distributions in Respect of Units; Redenomination                                            | 1/1-9/6                 | 9/6-12/31                 |
| 5.09               | Appointment of Paying Agent                                                                              | 1/1-9/6                 | 9/6-12/31                 |
| 5.10               | Authenticating Agent                                                                                     | 1/1-9/6                 | 9/6-12/31                 |
| 5.11               | Issuance and Transfer Restrictions                                                                       | 1/1-9/6                 | 9/6-12/31                 |
| 5.11e              | Issuance and Transfer Restrictions                                                                       | 1/1-2/1                 | 2/1-12/31                 |
| 5.12               | Optional Exchange                                                                                        | N/A                     | N/A                       |
| 5.13               | Callable Series - with respect to notices                                                                | N/A                     | N/A                       |
| 5.13               | Callable Series - with respect to distributions                                                          | N/A                     | N/A                       |
| 7.01               | Voting Rights with Respect to Underlying Securities                                                      | 1/1-2/1                 | 2/1-12/31                 |
| 7.02               | Amendments and Waivers Under Swap Agreement and Guarantee                                                | N/A                     | N/A                       |
| 8.01               | Realization Upon Default                                                                                 | 1/1-2/1                 | 2/1-12/31                 |
| 9.01               | Liquidation Events                                                                                       | 1/1-2/1                 | 2/1-12/31                 |
| 9.02               | Trust Wind Up Event                                                                                      | 1/1-2/1                 | 2/1-12/31                 |
| 9.03               | Expense Event                                                                                            | 1/1-2/1                 | 2/1-12/31                 |
| 9.05a              | Disposition of Trust Property                                                                            | 1/1-2/1                 | 2/1-12/31                 |
| 9.05b              | Disposition of Trust Property                                                                            | 1/1-9/6                 | 2/1-12/31                 |
| 9.05c              | Disposition of Trust Property - with respect to administration of terminations and liquidations, notices | 1/1-2/1                 | 2/1-12/31                 |
| 9.05c              | Disposition of Trust Property - with respect to distribution of proceeds                                 | 1/1-9/6                 | 2/1-12/31                 |
| 9.05d              | Disposition of Trust Property                                                                            | 1/1-2/1                 | 2/1-12/31                 |
| 9.05h              | Disposition of Trust Property                                                                            | 1/1-2/1                 | 2/1-12/31                 |
| 9.05j              | Disposition of Trust Property                                                                            | 1/1-9/6                 | 2/1-12/31                 |
| 9.06               | Limitation on Notice Requirement                                                                         | 1/1-2/1                 | 2/1-12/31                 |
| 10.01              | Trustee Duties                                                                                           | 1/1-9/6                 | 2/1-12/31                 |
| 11.01              | Termination of Trust                                                                                     | N/A                     | N/A                       |
| 12.01              | Amendment of Trust Agreement; Waivers                                                                    | 1/1-9/6                 | 2/1-12/31                 |
| 12.07              | Notice to Rating Agencies                                                                                | 1/1-2/1                 | 2/1-12/31                 |
| 12.08              | Perfection of the Swap Counterparty Security Interest                                                    | N/A                     | N/A                       |
|               | Trust Agreement Sections                                                                                 |                    |                      |
| Schedule I         | Early Termination Date                                                                                   | 1/1-2/1                 | 2/1-12/31                 |
| Schedule I         | Expense Administrator                                                                                    | 1/1-9/6                 | 2/1-12/31                 |
| Schedule I         | Compliance Certificate                                                                                   | 1/1-3/1                 | N/A                       |
| Schedule I         | Officer’s Certificate                                                                              | 1/1-3/1                 | N/A                       |
| Schedule I         | Assessment of Compliance                                                                                 | 1/1-3/1                 | N/A                       |
| Schedule I         | Additional Reports to Depositor                                                                          | 1/1-9/6                 | 2/1-12/31                 |
| Schedule I         | Additional Reports to Unitholders                                                                        | 1/1-2/1                 | 2/1-12/31                 |
| Schedule I         | Distribution Reports                                                                                     | 1/1-9/6                 | 9/6-12/31                 |
| Schedule I         | Trust Wind Up Events                                                                                     | 1/1-2/1                 | 2/1-12/31                 |