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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): December 15, 2008</B>

<P align="center">

<P align="center" style="font-size: 19pt"><B>Corporate Asset Backed Corporation, on behalf of<BR>CABCO Series 2004-102 Trust (SBC Communications Inc.)<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>001-32387</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>22-3281571</B></TD>
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<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>445 Broad Hollow Road<BR>Suite 239<BR>Melville, New York<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>11747</B></TD>
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<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(631) 587-4700</B>


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<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
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<P align="left" style="font-size: 10pt">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:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt">Item&nbsp;8.01. <I>Other Events.</I>


<P align="justify" style="font-size: 10pt; margin-left: 9%; font-size: 10pt">This current report on Form 8-K relates to the quarterly distribution reported to the holders of
CABCO Series&nbsp;2004-102 Trust (SBC Communications Inc.) (the &#147;Trust&#148;) Collared Floating Rate Callable
Certificates (the &#147;Certificates&#148;) relating to the 6.450% Global Notes due June&nbsp;15, 2034 issued by
SBC Communications Inc. (the &#147;SBC Securities&#148;), which was made on December&nbsp;15, 2008.


<P align="justify" style="font-size: 10pt; margin-left: 9%; font-size: 10pt">The Trust was created by the Trust Agreement, dated as of December&nbsp;15, 2004, between Corporate
Asset Backed Corporation, as the depositor (the &#147;Depositor&#148;), and U.S. Bank Trust National
Association, as trustee (the &#147;Trustee&#148;), 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&#146;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&nbsp;15, 2004,
and the rights of the Trust under the Swap Agreement, dated as of December&nbsp;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 (&#147;SEC&#148;) (File No.
001-08610). You may read and copy any reports, statements and other information filed by SBC
Communications Inc. with the SEC (a)&nbsp;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)&nbsp;at the SEC&#146;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&#146;s public reference room at 450 Fifth Street, N.W., Washington, D.C.
20549. Please call the SEC at (800)&nbsp;SEC-0330 for further information on SBC Communications Inc.
and please refer to these periodic and current reports filed with the SEC.


<P align="justify" style="font-size: 10pt">Item&nbsp;9.01 <I>Financial Statements and Exhibits.</I>


<P align="justify" style="font-size: 10pt; margin-left: 9%; font-size: 10pt">(c)&nbsp;Exhibits.


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    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><DIV style="text-align: justify">Trustee&#146;s Distribution Report with respect to the December&nbsp;15, 2008
Distribution Date for the CABCO Series&nbsp;2004-102 Trust (SBC Communications Inc.).</DIV></TD>
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 4%">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.


<P align="justify" style="font-size: 10pt; margin-left: 45%; font-size: 10pt">CORPORATE ASSET BACKED CORPORATION, as Depositor of CABCO Series&nbsp;2004-102 Trust (SBC Communications Inc.)


<P align="justify" style="font-size: 10pt; margin-left: 45%; font-size: 10pt">By: <U><B>/</B>s/ Robert D. Vascellaro&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Name: Robert D. Vascellaro<BR>
Title: Vice President<BR>


<P align="justify" style="font-size: 10pt">Date: December&nbsp;19, 2008

<P align="center" style="font-size: 10pt">&nbsp;

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<P align="center" style="font-size: 10pt">EXHIBIT INDEX


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    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trustee&#146;s Distribution Report with respect to the December&nbsp;15, 2008
Distribution Date for the CABCO Series&nbsp;2004-102 Trust (SBC
Communications Inc.).</TD>
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{"company-data": {"conformed-name": "CABCO SERIES 2004-102 TRUST (SBC COMMUNICATIONS INC.)", "cik": "0001310227", "assigned-sic": "6189", "irs-number": "223281571", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32387", "film-number": "081266405"}, "business-address": {"street1": "445 BROAD HOLLOW ROAD", "street2": "SUITE 239", "city": "MELVILLE", "state": "NY", "zip": "11747", "phone": "6315874700"}, "mail-address": {"street1": "445 BROAD HOLLOW ROAD", "street2": "SUITE 239", "city": "MELVILLE", "state": "NY", "zip": "11747"}}
Filed by Bowne Pure Compliance
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): December 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 December 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 December 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: December 19, 2008
EXHIBIT INDEX
Exhibit
99.1
Trustee's Distribution Report with respect to the December 15, 2008
Distribution Date for the CABCO Series 2004-102 Trust (SBC
Communications Inc.).