A Banach space X is said to be sequentially unconditional if every Schauder basic sequence has an unconditional subsequence. We provide an example of a reflexive Banach space Xisu which is sequentially unconditional and such that every T ∈ L(Xisu) is a strictly singular perturbation of a multiple of the identity. The space Xisu belongs to the class of Banach spaces with saturated and conditional structure. Constructing Xisu we follow the general scheme invented by W. T. Gowers and B. Maurey in their celebrated construction of a Hereditarily Indecomposable Banach space. The new ingredient concerns the definition of the special (conditional) functionals. For this we use a non-injective coding function σ in conjunction with a Baire-like property of a sequence of countable trees stated and proved in the present paper. It is worth mentioning that Xisu admits a richer unconditional structure than classical spaces like L1(0,1) and it remains unsettled whether Xisu is a subspace of a Banach space with an unconditional basis. 2000 Mathematics Subject Classification 46B20, 46B45 (primary), 05D99, 47L05 (secondary).