UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 ____
  FORM 10-K/A
  (Amendment No. 1)
 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, 2008
  or
  o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from ________ to ________
  Commission File Number of issuing entity:  001-33639
  STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2
 ______________________________________________________
 (Exact name of issuing entity as specified in its charter)
  Commission File Number of depositor and sponsor: 001-31818
  Synthetic Fixed-Income Securities, Inc.
 ______________________________________________________
 (Exact name of depositor and sponsor as specified in its charter)
  New York
52-2316339(State or other jurisdiction of incorporation

or organization)
(I.R.S. Employer Identification No.)301 South College Street, Charlotte, North Carolina
28288(Address of principal executive offices)
(Zip Code)
 Registrant's telephone number, including area code:(212) 214-6274
  Securities registered pursuant to Section 12(b) of the Act:
  Title of each class
Name of Registered exchange on which registeredSTRATS(SM) Certificates, Series 2007-2
New York Stock Exchange ("NYSE")
     
  1
  Securities registered pursuant to Section 12(g) of the Act:  None
  Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
 Yes  o  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 Act.
 Yes  o  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  o
  Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
  Yes  x  No  o
  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.
 Not applicable.
  Indicate by check mark whether the registrant is large accelerated filer, an accelerated filer or a non-accelerated filer. See the definition of "accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (check one):
 Large accelerated filer  o                                           Accelerated filer  o                              Non- accelerated filer  x
  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
 Yes  o 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 that is held by non-affiliates.
  Explanatory Note
 
 The Depositor, on behalf of STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2, is filing this Amendment No. 1 on Form 10-K/A to its Form 10-K for the year ended December 31, 2008 to revise the certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and relevant Commission regulations attached as Exhibit 31.1.
 
 This Form 10-K/A does not otherwise amend the Form 10-K.
      
 2
   PART IV
  Item 15. Exhibits, Financial Statement Schedules.
  (a)           The following documents have been filed as part of this report.
  1.
Trustee's Distribution Statements documented on Form 10-D of STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2 to the certificateholders for the period from January 1, 2008 through and including December 31, 2008 have been filed with the Securities and Exchange Commission and are hereby incorporated by reference.  Filing dates are listed below:
  Trust Description
Distribution Date
Filed onSTRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2
January 15, 2008
January 28, 2008STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2
July 15, 2008
July 25, 2008
 
 2.
None
  3.
Exhibits:
  31.1 – Certification by Director of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  33.1 – Report on Assessment of Compliance with Servicing Criteria for U.S. Bank Trust National Association for the period from and including January 1, 2008 through and including December 31, 2008.*
  34.1 – Attestation Report of Ernst & Young LLP on Assessment of Compliance with Servicing Criteria relating to U.S. Bank Trust National Association.*
  35.1 – Servicer Compliance Statement of U.S. Bank Trust National Association for the period from and including January 1, 2008 through and including December 31, 2008.*
  99.1 - Registrant's Current Report on Form 10-D filed with the Securities and Exchange Commission on January 29, 2009 is incorporated herein by reference.  The filing date is listed below:
  Trust Description
Distribution Date
Filed onSTRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2
January 15, 2009
January 29, 2009
 
 99.2 - Registrant's Current Report on Form 10-D filed with the Securities and Exchange Commission on July 25, 2008, as further described in Item 15(a)(1) above, is incorporated herein by reference.
  ______________________
  * Previously filed.
       3
  
 99.3 - Registrant's Current Report on Form 10-D filed with the Securities and Exchange Commission on January 28, 2008, as further described in Item 15(a)(1) above, is incorporated herein by reference.
 (b)           See Item 15(a) above.
  (c)           Not Applicable.
       4
  SIGNATURE
  Pursuant to the requirements of Section 13 or 15 (d) 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.
   Synthetic Fixed-Income Securities, Inc.,as Depositor for the TrustBy:   /s/ William ThreadgillName:  William ThreadgillTitle:    President(senior officer in charge of the securitizations of the depositor)
  
 Dated:  June 29, 2010
      
  5
   EXHIBIT INDEX
  Exhibit

Number in thisForm 10-K
Description of Exhibits31.1
Certification by Director of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.33.1
Report on Assessment of Compliance with Servicing Criteria for U.S. Bank Trust National Association for the period from and including January 1, 2008 through and including December 31, 2008.*34.1
Attestation Report of Ernst & Young LLP on Assessment of Compliance with Servicing Criteria relating to U.S. Bank Trust National Association.*35.1
Servicer Compliance Statement of U.S. Bank Trust National Association for the period from and including January 1, 2008 through and including December 31, 2008.*99.1
Registrant's Current Report on Form 10-D filed with the Securities and Exchange Commission on January 29, 2009 is incorporated herein by reference.99.2
Registrant's Current Report on Form 10-D filed with the Securities and Exchange Commission on July 25, 2008 is incorporated herein by reference.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ______________________
  * Previously filed.