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<SEC-DOCUMENT>0001174947-09-000001.txt : 20090105
<SEC-HEADER>0001174947-09-000001.hdr.sgml : 20090105
<ACCEPTANCE-DATETIME>20090105170741
ACCESSION NUMBER:		0001174947-09-000001
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081222
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090105
DATE AS OF CHANGE:		20090105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1
		CENTRAL INDEX KEY:			0001267332
		STANDARD INDUSTRIAL CLASSIFICATION:	ASSET-BACKED SECURITIES [6189]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31941
		FILM NUMBER:		09506407

	BUSINESS ADDRESS:	
		STREET 1:		WORLD FINANCIAL CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e34037_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff" style="font-family: 'Times New Roman';font-size: 10pt;">



<P align="center">
SECURITIES AND EXCHANGE COMMISSION <br>
  WASHINGTON, D. C. 20549 </P>
<hr size="1" noshade width="150">
<P align="center">FORM 8-K<BR>
  <BR>
CURRENT REPORT</P>
<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Section 13 or 15(d) of <br>
  The Securities Exchange Act of 1934  <BR>
</P>
<hr size="1" noshade width="150">
<P align="center">
Date of Report (Date of earliest event reported): December 22, 2008</P>
<P align="center">
<B>MERRILL LYNCH DEPOSITOR, INC.<br>
  </B><B>(on behalf of INDEXPLUS TRUST SERIES 2003-1) <br>
  </B>(Exact name of registrant as specified in its charter)</P>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <TR>

    <TD></TD>
    <TD></TD>
    <TD></TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
<B>Delaware</B>
        </TD>
    <TD width="34%">
<B>001-31941</B>
        </TD>
    <TD width="33%">
<B>13-3891329</B>
        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
(State or other
        </TD>
    <TD width="34%">
(Commission
        </TD>
    <TD width="33%">
(I. R. S. Employer
        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
jurisdiction of
        </TD>
    <TD width="34%">
File Number)
        </TD>
    <TD width="33%">
Identification No.)
        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
incorporation)
        </TD>
    <TD width="34%">&nbsp;

        </TD>
    <TD width="33%">&nbsp;

        </TD>
  </TR>
  <TR align="center">

    <TD colspan=3 width="33%">&nbsp;

        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%"><b>World Financial Center,</b>

        </TD>
    <TD width="34%">&nbsp;</TD>
    <TD width="33%">
<B>10080</B>
        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
<B>New York, New York</B>
        </TD>
    <TD width="34%">&nbsp;

        </TD>
    <TD width="33%">
(Zip Code)
        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
(Address of principal
        </TD>
    <TD width="34%">&nbsp;

        </TD>
    <TD width="33%">&nbsp;

        </TD>
  </TR>
  <TR valign="bottom" align="center">

    <TD width="33%">
executive offices)
        </TD>
    <TD width="34%">&nbsp;

        </TD>
    <TD width="33%">&nbsp;

        </TD>
  </TR>
</TABLE>

<br>
<hr size="1" noshade width="150">
<P align="center">Registrant&#146;s telephone number, including area code: (212) 449-1000</P>

<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="left">
<B>INFORMATION TO BE INCLUDED IN REPORT</B></P>
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  <tr>

    <td></td>
    <td></td>
  </tr>
  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 1.</b>
        </td>
    <td align=left>
<b>Registrant&#146;s Business and Operations</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 2.</b>
        </td>
    <td align=left>
<b>Financial Information</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 3.</b>
        </td>
    <td align=left>
<b>Securities and Trading Markets</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 4.</b>
        </td>
    <td align=left>
<b>Matters Related to Accountants and Financial Statements</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 5.</b>
        </td>
    <td align=left>
<b>Corporate Governance and Management</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 6.</b>
        </td>
    <td align=left>
<b>Asset-Backed Securities</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 7.</b>
        </td>
    <td align=left>
<b>Regulation FD</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>Not applicable.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 8.</b>
        </td>
    <td align=left>
<b>Other Events</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>



</table>
<table border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <tr>

    <td></td>
    <td></td>
  </tr>
  <tr valign="bottom">

    <td align=left width="10%">
 <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 8.01</b>
        </td>
    <td align=left>
<b>Other events</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>



</table>
<table border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <tr>
    <td></td>
    <td></td>
    <td></td>
  </tr>


  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">
 99.1
        </td>
    <td align=left>
Distribution to holders of the INDEXPLUS Trust Certificates Series
2003-1 on December 22, 2008.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;

        </td>
    <td align=left>&nbsp;
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For information with respect to the underlying securities held by INDEXPLUS Trust Series 2003-1, please refer to the respective periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q,
current reports on Form 8-K and other information on file with the Securities and Exchange Commission (the &#147;SEC&#148;) of: The Boeing Company (Commission file number 001-00442); Citigroup Inc. (Commission file number 001-09924); Credit Suisse
First Boston (USA), Inc. (Commission file number 001-06862); DaimlerChrysler North America Holding Corporation (Commission file number 333-13160); DaimlerChrysler AG (Commission file number 001-14561); Ford Motor Company (Commission file number
001-03950); General Electric Capital Corporation (Commission file number 001-06461); General Motors Acceptance Corporation (Commission file number 001-03754); The Goldman Sachs Group, Inc. (Commission file number 001-14965); Johnson &amp; Johnson
(Commission file number 001-03215); Federated Retail Holdings, Inc. (Commission file number 333-42940); The May Department Stores Company, LLC (Commission file number 001-00079); Time Warner Inc. (Commission file number 001-15062); Time Warner
Companies, Inc. (Commission file number 001-08637); Turner Broadcasting System, Inc. (Commission file number 001-08911); United States Department of Treasury; Valero Energy Corporation</td>
  </tr>
</table>
<br>
<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<table border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <tr>
    <td></td>
    <td></td>
    <td></td>
  </tr>


  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;
        </td>
    <td align=left>
      <p align="left">(Commission file number 001-13175); Verizon Communications Inc. (Commission file number 001-08606); Verizon Global Funding Corp. (Commission file number 333-73612); Viacom Inc. (Commission file number 001-09553); Viacom International Inc.
(Commission file number 001-15153) and Weyerhaeuser Company (Commission file number 001-04825). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1580, 100 F Street, NE,
Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SEC&#146;s Public Reference Section of the SEC at 100 F Street, NE, Washington, D.C. 20549. You may obtain information about the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC&#146;s website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and
other information that the respective underlying securities issuers have filed electronically with the SEC.</p>
      <p align="left">
</p>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;

        </td>
    <td align=left>&nbsp;
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>
      <p align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although we have no reason to believe the information concerning the underlying securities or the underlying securities issuers contained in the underlying securities issuers&#146; Exchange Act reports is not reliable,
neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuers
(including, without limitation, no investigation as to their financial condition or creditworthiness) or of the underlying securities has been made. You should obtain and evaluate the same information concerning the respective underlying securities
issuers as you would obtain and evaluate if you were investing directly in the respective underlying securities or in other securities issued by the respective underlying securities issuers. There can be no assurance that events affecting the
respective underlying securities or the respective underlying securities issuers have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.</p>
</td>
  </tr>
</table>
<br>
<table border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <tr>

    <td></td>
    <td></td>
    <td></td>
  </tr>
  <tr valign="bottom">

    <td align=left width="10%">
<b>Section 9.</b>
        </td>
    <td align=left colspan=2>
<b>Financial Statements and Exhibits</b>
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left colspan=2>&nbsp;</td>
  </tr>

</table>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <TR>

    <TD></TD>
    <TD></TD>
    <TD></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left colspan=2 width="10%">
 <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><B>Item 9.01</B>
        </TD>
    <TD align=left>
<B>Financial Statements and Exhibits</B>
        </TD>
  </TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
  <TR>

    <TD></TD>
    <TD></TD>
    <TD colspan="2"></TD>
  </TR>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">
(a)
        </TD>
    <TD align=left colspan="2">
Financial statements of business acquired.
        </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="10%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left colspan="2">&nbsp;</TD>
  </TR>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">&nbsp;

        </TD>
    <TD align=left colspan="2">
Not applicable.
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">
(b)
        </TD>
    <TD align=left colspan="2">
Pro forma financial information.
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">&nbsp;

        </TD>
    <TD align=left colspan="2">
Not applicable.
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">
(c)
        </TD>
    <TD align=left colspan="2">
Shell company transactions.
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">&nbsp;

        </TD>
    <TD align=left colspan="2">
Not applicable
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="bottom">

    <TD align=left width="10%">&nbsp;

        </TD>
    <TD align=left width="5%">
(d)
        </TD>
    <TD align=left colspan="2">
Exhibits.
        </TD>
  </TR>
  <tr valign="bottom">
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left colspan="2">&nbsp;</td>
  </tr>
  <TR valign="top">

    <TD width="10%">&nbsp;
        </TD>
    <TD>
      <P>&nbsp;</P>
    </TD>
    <TD width=5%>99.1 </TD>
    <TD>Trustee&#146;s report in respect of the December 22, 2008 distribution to holders of the INDEXPLUS Trust Certificates Series 2003-1.</TD>
  </TR>
  <TR valign="top">
    <TD width="10%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD width=5%>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
<BR>

<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="center">
<B>SIGNATURES</B></P>
<P align="left">
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, hereunto duly authorized.</P>
<table border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>
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    <td></td>
    <td></td>
  </tr>
  <tr valign="bottom">

    <td align=left width="50%">&nbsp;

        </td>
    <td align=left colspan=2>
MERRILL LYNCH DEPOSITOR, INC.
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="50%">&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign="bottom">

    <td align=left width="50%">
Date:
        </td>
    <td align=left width="6%">
By:
        </td>
    <td align=left>
/s/
Steven O&#146;Neill
        </td>
  </tr>
  <tr valign="bottom">
    <td align=left width="50%">&nbsp;</td>
    <td align=left width="6%">&nbsp;</td>
    <td align=left>
      <hr size="1" noshade width="120" align="left">
    </td>
  </tr>
  <tr valign="bottom">

    <td align=left width="50%">&nbsp;

        </td>
    <td align=left width="6%">
Name:   </td>
    <td align=left>Steven O&#146;Neill
</td>
  </tr>
  <tr valign="bottom">

    <td align=left width="50%">&nbsp;

        </td>
    <td align=left width="6%">
Title:  </td>
    <td align=left> Director
</td>
  </tr>
</table>
<BR>

<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="center">
<B>EXHIBIT INDEX</B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width="100%">
<TR>

    <TD nowrap valign=top width="10%">
99.1&nbsp; &nbsp; &nbsp;        </TD>

    <TD>
Trustee&#146;s report in respect of the December 22, 2008 distribution to holders of the INDEXPLUS Trust Certificates Series 2003-1.    </TD>
</TR>
</TABLE>

<br>
<HR noshade align="center" width="100%" size=5>






</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e34037ex99-1.htm
<DESCRIPTION>TRUSTEE'S REPORT
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff" style="font-family: 'Times New Roman';font-size: 10pt;">
<P align="center"><B>EXHIBIT 99.1</B></P>
<P align="center">
<B>DISTRIBUTION REPORT</B><BR>
<B>FOR</B><BR>
<B>INDEXPLUS TRUST SERIES 2003-1</B><BR>
<BR>
<B>DISTRIBUTION DATE</B><BR>
<B>December 22, 2008</B><BR>
<B>CUSIP NUMBER 45408V203</B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR>
        <TD nowrap valign=top>
(i)&nbsp; &nbsp; &nbsp;         </TD>
        <TD width=100%>
the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the &#147;Underlying Securities&#148; (see following chart): </TD>
</TR>
</TABLE>
<br>
<TABLE border=0 width=600 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" align="center">
<TR>
     <TD width=43%></TD>
     <TD width=56%></TD></TR>
<TR valign="bottom">
        <TD align=left>
Interest:
        </TD>
        <TD align=right>
<B>&#36;1,134,715.78</B>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
Principal:
        </TD>
        <TD align=right>
<B>0.00</B>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>
Premium:
        </TD>
        <TD align=right>
<B>0.00</B>
        </TD>
</TR>
</TABLE><BR>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR>
        <TD nowrap valign=top>
(ii)&nbsp; &nbsp; &nbsp;        </TD>
        <TD width=100%>
the amounts of compensation received by the Trustee for the period relating to such Distribution Date:  </TD>
</TR>
</TABLE>
<br>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=600 align="center">
  <TR>

    <TD></TD>
    <TD></TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Paid by the Trust:
        </TD>
    <TD align=right>
<B>&#36;0.00</B>
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Paid by the Depositor:  </TD>
    <TD align=right><b>&#36;3,500.00</b>
</TD>
  </TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR>
        <TD nowrap valign=top>
(iii)&nbsp; &nbsp; &nbsp;       </TD>
        <TD width=100%>
the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates and the amount of aggregate unpaid interest accrued as of such Distribution Date:       </TD>
</TR>
</TABLE>
<br>
<TABLE border=0 width=600 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" align="center">
  <TR>

    <TD width=40%></TD>
    <TD width=59%></TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Interest:
        </TD>
    <TD align=right>
<B>&#36;1,134,715.78</B>
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Principal:
        </TD>
    <TD align=right>
<B>&#36;0.00</B>
        </TD>
  </TR>
  <TR>

    <TD colspan=2>&nbsp;

        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Unpaid Interest Accrued:        </TD>
    <TD align=right><b>&#36;0.00</b>
</TD>
  </TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR>

    <TD nowrap valign=top>
(iv)&nbsp; &nbsp; &nbsp;        </TD>
    <TD width=100%>
see the following chart for the aggregate stated principal amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date and the current rating assigned to
the Certificates.       </TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD width=100%>&nbsp;</TD>
  </TR>
  <TR>

    <TD nowrap valign=top>
(v)&nbsp; &nbsp; &nbsp;         </TD>
    <TD width=100%>
the aggregate Certificate Principal Balance of such Series at the close of business on such Distribution Date.  </TD>
  </TR>
</TABLE>
<br>
<TABLE border=0 cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=600 align="center">
  <TR>

    <TD></TD>
    <TD></TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
(&#36;25 Stated Amount)
        </TD>
    <TD align=left>&nbsp;

        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Initial Principal Balance:
        </TD>
    <TD align=right>
<B>&#36;37,500,000</B>
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Reduction:
        </TD>
    <TD align=right>
<B>(0)</B>
        </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=right>
      <hr size="1" noshade align="right" width="70">
    </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>
Principal Balance 12/22/08:
        </TD>
    <TD align=right><b>&#36;37,500,000 </b></TD>
  </TR>
</TABLE>
<BR>

<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="left">
<B><U>Amounts Received Per Issuer:</U></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR>

    <TD width=69%></TD>
    <TD width=30%></TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>&nbsp;

        </TD>
    <TD align=center>
<B><U>Interest</U></B>
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
<B><U>Issuer</U></B>
        </TD>
    <TD align=center>
<B><U>Collected</U></B>
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
The Boeing Company
        </TD>
    <TD align=center>
&#36;67,773.13
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Citigroup Inc.
        </TD>
    <TD align=center>
&#36;65,006.88
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Credit Suisse First Boston (USA), Inc.
        </TD>
    <TD align=center>
&#36;78,838.13
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
DaimlerChrysler AG
        </TD>
    <TD align=center>
&#36;94,052.50
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Ford Motor Company
        </TD>
    <TD align=center>
&#36;82,434.25
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
General Electric Capital Corporation
        </TD>
    <TD align=center>
&#36;74,688.75
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
General Motors Acceptance Corporation
        </TD>
    <TD align=center>
&#36;88,520.00
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
The Goldman Sachs Group, Inc.
        </TD>
    <TD align=center>
&#36;67,773.13
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Johnson &amp; Johnson
        </TD>
    <TD align=center>
&#36;54,771.75
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Federated Retail Holdings, Inc.
        </TD>
    <TD align=center>
&#36;76,348.50
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Time Warner Companies, Inc.
        </TD>
    <TD align=center>
&#36;73,305.63
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Valero Energy Corporation
        </TD>
    <TD align=center>
&#36;82,987.50
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Verizon Communications Inc.
        </TD>
    <TD align=center>
&#36;85,753.75
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Viacom Inc.
        </TD>
    <TD align=center>
&#36;60,857.50
        </TD>
  </TR>
  <TR valign="bottom">

    <TD align=center>
Weyerhaeuser Company
        </TD>
    <TD align=center>
&#36;81,604.38
        </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=center>
      <hr size="1" noshade align="center" width="90">
    </TD>
  </TR>
  <TR valign="bottom">

    <TD align=left>&nbsp;

        </TD>
    <TD align=center>
&#36;1,134,715.78
        </TD>
  </TR>
</TABLE>
<BR>

<HR noshade align="center" width="100%" size=5>



<!-- MARKER PAGE="sheet: 1; page: 1" -->


<P align="left">
<B><U>Principal Amounts, Rates &amp; Current Ratings:</U></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=2 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR>
     <TD width=33%></TD>
     <TD width=15%></TD>
     <TD width=12%></TD>
     <TD width=17%></TD>
     <TD width=13%></TD>
     <TD width=7%></TD></TR>
<TR valign="bottom">
        <TD align=center>
<B><U>Issuer</U></B>
        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=center>
<B><U>Rate</U></B>
        </TD>
        <TD align=center>
<B><U>CUSIP</U></B>
        </TD>
        <TD align=center>
<B><U>Moody&#146;s</U></B>
        </TD>
        <TD align=center>
<B><U>S&amp;P</U></B>
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
The Boeing Company
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
6.125%
        </TD>
        <TD align=center>
097-023-AU9
        </TD>
        <TD align=center>
A2
        </TD>
        <TD align=center>
A+
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Citigroup Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
5.875%
        </TD>
        <TD align=center>
172-967-BU4
        </TD>
        <TD align=center>
A3
        </TD>
        <TD align=center>
A-
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Credit Suisse First Boston (USA), Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
7.125%
        </TD>
        <TD align=center>
225-41L-AE3
        </TD>
        <TD align=center>
Aa1
        </TD>
        <TD align=center>
A+
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
DaimlerChrysler AG
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
8.500%
        </TD>
        <TD align=center>
233-835-AQ0
        </TD>
        <TD align=center>
A3
        </TD>
        <TD align=center>
A-
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Ford Motor Company
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
7.450%
        </TD>
        <TD align=center>
345-370-CA6
        </TD>
        <TD align=center>
Ca
        </TD>
        <TD align=center>
CCC-
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
General Electric Capital Corporation
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
6.750%
        </TD>
        <TD align=center>
369-62G-XZ2
        </TD>
        <TD align=center>
Aaa
        </TD>
        <TD align=center>
AAA
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
General Motors Acceptance
        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Corporation
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
8.000%
        </TD>
        <TD align=center>
370-425-RZ5
        </TD>
        <TD align=center>
C
        </TD>
        <TD align=center>
CC
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
The Goldman Sachs Group, Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
6.125%
        </TD>
        <TD align=center>
381-41G-CU6
        </TD>
        <TD align=center>
A1
        </TD>
        <TD align=center>
A
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Johnson &amp; Johnson
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
4.950%
        </TD>
        <TD align=center>
478-160-AL8
        </TD>
        <TD align=center>
Aaa
        </TD>
        <TD align=center>
AAA
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Federated Retail Holdings, Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
6.900%
        </TD>
        <TD align=center>
577-778-BQ5
        </TD>
        <TD align=center>
Baa3
        </TD>
        <TD align=center>
BBB-
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Time Warner Companies, Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
6.625%
        </TD>
        <TD align=center>
887-315-BN8
        </TD>
        <TD align=center>
Baa2
        </TD>
        <TD align=center>
BBB+
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Valero Energy Corporation
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
7.500%
        </TD>
        <TD align=center>
919-13Y-AE0
        </TD>
        <TD align=center>
Baa2
        </TD>
        <TD align=center>
BBB
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Verizon Global Funding Corporation
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
7.750%
        </TD>
        <TD align=center>
923-44G-AS5
        </TD>
        <TD align=center>
A3
        </TD>
        <TD align=center>
A
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Viacom Inc.
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
5.500%
        </TD>
        <TD align=center>
925-524-AV2
        </TD>
        <TD align=center>
Baa3
        </TD>
        <TD align=center>
BBB
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
Weyerhaeuser Company
        </TD>
        <TD align=center>
&#36;2,213,000
        </TD>
        <TD align=center>
7.375%
        </TD>
        <TD align=center>
962-166-BR4
        </TD>
        <TD align=center>
Baa2
        </TD>
        <TD align=center>
BBB
        </TD>
</TR>
<TR valign="bottom">
        <TD align=center>
United States Department of Treasury
        </TD>
        <TD align=center>
&#36;4,305,000
        </TD>
        <TD align=center>
0.000%
        </TD>
        <TD align=center>
912-803-CH4
        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
</TR>
<TR>
        <TD colspan=6>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD align=left>&nbsp;

        </TD>
        <TD align=center>
&#36;37,500,000
        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
        <TD align=left>&nbsp;

        </TD>
</TR>
</TABLE><BR>

<HR noshade align="center" width="100%" size=5>


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</HTML>

</TEXT>
</DOCUMENT>
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