Salomon Smith Barney Reset Option Certificates II-R Trust Series 1038, relating to Arizona Transportation Board highway revenue bonds series 2002B, is rated 'AAA/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Salomon Smith Barney Holdings Inc. until Nov. 12, 2003. Salomon Smith Barney Reset Option Longs II-R Trust Series 1038, relating to Arizona Transportation Board highway revenue bonds series 2002B, is rated 'AAA'. The rating is based on the underlying bonds.