8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2008

Corporate Asset Backed Corporation, on behalf of
CABCO Series 2004-102 Trust (SBC Communications Inc.)
(Exact name of registrant as specified in its charter)

Delaware	001-32387	22-3281571
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

445 Broad Hollow Road Suite 239 Melville, New York	11747
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (631) 587-4700

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

This current report on Form 8-K relates to the quarterly distribution reported to the holders of CABCO Series 2004-102 Trust (SBC Communications Inc.) (the “Trust”) Collared Floating Rate Callable Certificates (the “Certificates”) relating to the 6.450% Global Notes due June 15, 2034 issued by SBC Communications Inc. (the “SBC Securities”), which was made on September 15, 2008.

The Trust was created by the Trust Agreement, dated as of December 15, 2004, between Corporate Asset Backed Corporation, as the depositor (the “Depositor”), and U.S. Bank Trust National Association, as trustee (the “Trustee”), providing for the issuance of $32,500,000 aggregate certificate principal balance of Certificates. The Certificates do not represent obligations of or interests in the Depositor or the Trustee. The Certificates represent beneficial interests in the Trust. The Trust’s assets consist primarily of $32,500,000 principal amount of the SBC Securities, all payments on or collections in respect of the SBC Securities due on and after December 15, 2004, and the rights of the Trust under the Swap Agreement, dated as of December 15, 2004, between the Trust and UBS AG, as the swap counterparty. SBC Communications Inc., the issuer of the SBC Securities, is subject to the informational requirements of the Securities Exchange Act of 1934, and in accordance with those requirements files periodic and current reports and other information (including financial information) with the Securities and Exchange Commission (“SEC”) (File No. 001-08610). You may read and copy any reports, statements and other information filed by SBC Communications Inc. with the SEC (a) over the Internet at the SEC website at http://www.sec.gov containing reports, proxy statements and other information regarding registrants that file electronically with the SEC and (b) at the SEC’s public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. You can also request copies of these documents upon payment of a copying fee, by writing to the SEC’s public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. Please call the SEC at (800) SEC-0330 for further information on SBC Communications Inc. and please refer to these periodic and current reports filed with the SEC.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

99.1 Trustee’s Distribution Report with respect to the September 15, 2008 Distribution Date for the CABCO Series 2004-102 Trust (SBC Communications Inc.).

SIGNATURES

Pursuant to the requirements 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.

CORPORATE ASSET BACKED CORPORATION,
as Depositor of CABCO Series 2004-102 Trust
(SBC Communications Inc.)

By: /s/ Robert D. Vascellaro                          
Name: Robert D. Vascellaro
Title: Vice President

Date: September 17, 2008

EXHIBIT INDEX

Exhibit

99.1 Trustee’s Distribution Report with respect to the September 15, 2008 Distribution Date for the CABCO Series 2004-102 Trust (SBC Communications Inc.).

EX-99.1

Exhibit No. 99.1

TRUSTEE’S DISTRIBUTION REPORT

To the Holders of:

CABCO Series 2004-102 Trust (SBC Communications Inc.) (the “Trust”) Collared Floating Rate Callable Certificates, CUSIP: 12679R 204 (the “Certificates”).

U.S. Bank Trust National Association, as trustee (the “Trustee”) for the Trust hereby gives notice with respect to the distribution occurring on September 15, 2008 (the “Distribution Date”) as follows:

1. The aggregate amount of the distribution payable to the certificate holders on the Distribution Date allocable to principal and premium, if any, and interest expressed as a dollar amount, is as set forth below:

Principal	Interest		Premium		Total Distribution
$0.00	$	281,475.95	$	0.00	$	281,475.95

2. The applicable interest rate: 3.426250% per annum.

3. The amount of aggregate interest due and not paid on the Certificates as of the Distribution Date is $0.00.

4. The aggregate stated principal amount of 6.450% Global Notes due June 15, 2034 issued by SBC Communications Inc. (the “Underlying Securities”) as of such Distribution Date was $32,500,000.00. The interest rate applicable to the Underlying Securities for the immediately following Underlying Securities interest accrual period is 6.450% per annum.

5. The amounts received by the Trustee in respect of the Underlying Securities during the immediately preceding Underlying Securities interest accrual period was $0.

6. The amount received by the Trustee from the Swap Counterparty was $281,475.95 and the amount paid by the Trustee to the Swap Counterparty was $0.

7. The aggregate certificate principal balance of the Certificates was $32,500,000.00 at the close of business on the business day immediately preceding the Distribution Date.

8. The current ratings of the Underlying Securities are not provided in this report. Ratings can be obtained from Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400 and from Moody’s Investors Service, Inc. by calling 212-553-0377.

9. No fees have been paid to the Trustee from the assets of the Trust.

U.S. BANK TRUST NATIONAL ASSOCIATION,
as Trustee of CABCO Series 2004-102 Trust
(SBC Communications Inc.)

By: /s/ David J. Kolibachuk                           
Name: David J. Kolibachuk
Title: Vice President