Salomon Smith Barney Reset Option Certificates II-R Trust Series 4039, relating to Minnesota GO state bonds, are 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 Citigroup Global Markets Holdings Inc. until July 30, 2004. Salomon Smith Barney Reset Option Longs II-R Trust Series 4039, relating to Minnesota GO state bonds, are rated 'AAA'. The rating is based on the underlying bonds.