Salomon Smith Barney Option Certificates II-R Trust Series 4034, relating to Los Angeles Wastewater System subordinate revenue bonds refunding series 2003-B, are rated 'AAA/A-1+'. The long-term component of the rating is based on the FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Global Markets Holdings Inc. until Aug. 4, 2004. Salomon Smith Barney Reset Option Longs II-R Trust Series 4034, relating to Los Angeles Wastewater System subordinate revenue bonds refunding series 2003-B, are rated 'AAA'. The rating is based on the FSA-insured underlying bonds.