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<SEC-DOCUMENT>0001174947-10-000098.txt : 20100309
<SEC-HEADER>0001174947-10-000098.hdr.sgml : 20100309
<ACCEPTANCE-DATETIME>20100309170608
ACCESSION NUMBER:		0001174947-10-000098
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20100303
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100309
DATE AS OF CHANGE:		20100309

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:		10667843

	BUSINESS ADDRESS:	
		STREET 1:		WORLD FINANCIAL CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e38063_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>

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<P style="TEXT-ALIGN: center"><B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B><BR>
<B>__________________________</B></P>
<P style="TEXT-ALIGN: center"><B>FORM 8-K</B><BR>
<BR>
<B>CURRENT REPORT</B></P>
<P style="TEXT-ALIGN: center"><B>Pursuant to Section 13 OR 15(d) of</B><BR>
<B>The Securities Exchange Act of 1934</B><BR>
_________________________</P>
<P style="TEXT-ALIGN: center">Date of Report (Date of earliest event reported): March 3, 2010<BR>
<BR>
<B>MERRILL LYNCH DEPOSITOR, INC.</B><BR>
<B>(on behalf of INDEXPLUS TRUST SERIES 2003-1)</B><BR>
(Exact name of registrant as specified in its charter)</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=0>

<TR vAlign=bottom>

    <TD align=center width="33%"><B>Delaware</B></TD>

    <TD align=center width="33%"><B>001-31941</B></TD>

    <TD align=center width="33%"><B>13-3891329</B></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%">(State or other</TD>

    <TD align=center width="33%">(Commission</TD>

    <TD align=center width="33%">(I.R.S. Employer</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%">jurisdiction of</TD>

    <TD align=center width="33%">File Number)</TD>

    <TD align=center width="33%">Identification No.)</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%">incorporation)</TD>

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

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

    <TD width="33%" colSpan=3>&nbsp;</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%"><B>World Financial Center,</B></TD>

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

    <TD align=center width="33%"><B>10080</B></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%"><B>New York, New York</B></TD>

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

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

    <TD align=center width="33%">(Address of principal</TD>

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

    <TD align=left width="33%">&nbsp;</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center width="33%">executive offices)</TD>

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

    <TD align=left width="33%">&nbsp;</TD>
  </TR></TABLE>

<P style="TEXT-ALIGN: center">__________________________<BR>
<BR>
Registrant&#146;s telephone number, including area code: (212) 449-1000</P>
<P style="TEXT-ALIGN: left">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<U>see</U> General Instruction A.2.):</P>
<P style="TEXT-ALIGN: left">[&nbsp;&nbsp;&nbsp;] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="TEXT-ALIGN: left">[&nbsp;&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="TEXT-ALIGN: left">[&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="TEXT-ALIGN: left">[&nbsp;&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
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<P style="TEXT-ALIGN: center"><B>INFORMATION TO BE INCLUDED IN REPORT</B></P>
<P style="TEXT-ALIGN: left"><B>Section 1. Registrant&#146;s Business and Operations</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 2. Financial Information</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 3. Securities and Trading Markets</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 4. Matters Related to Accountants and Financial Statements </B></P>
<P style="TEXT-ALIGN: left"><B>&nbsp;&nbsp;&nbsp;Item 4.01 Changes in Registrant&#146;s Certifying Accountant.</B></P>
<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">(a) On March 3, 2010, Deloitte &amp; Touche LLP (&#147;D&amp;T&#148;) informed the Board of Directors of Merrill Lynch Depositor, Inc. (the &#147;Registrant&#148;) that it has declined to stand for reappointment as the Registrant&#146;s independent registered public accounting firm in examining management&#146;s assertion that the Registrant has complied with its minimum servicing standards.</P>

<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D&amp;T&#146;s reports with respect to the
examination of management&#146;s assertion that the Registrant has complied with
its established minimum servicing standards with respect to INDEXPLUS Trust
Series 2003-1 (the &#147;Trust&#148;) for the fiscal years ended December 31,
2008 and December 31, 2007 did not contain an adverse opinion or a disclaimer of
opinion. While the scope of D&amp;T&#146;s examination was limited to the
Registrant&#146;s compliance with the minimum servicing standards, there were no
further qualifications regarding audit scope, uncertainty or servicing
standards. During the Trust&#146;s fiscal years ended December 31, 2008 and
December 31, 2007 and during the period from January 1, 2009 through March 3,
2010, there were no disagreements with D&amp;T on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of D&amp;T,
would have caused it to make a reference to the subject matter thereof in its
report on management&#146;s assertion that the Registrant has complied with its
established minimum servicing standards for such periods. During the
Trust&#146;s fiscal years ended December 31, 2008 and December 31, 2007 and
during the period from January 1, 2009 through March 3, 2010, there were no
&#147;reportable events&#148; (as defined in Regulation S-K Item
304(a)(1)(v)).</P>

<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has provided D&amp;T with a copy of the foregoing disclosures and has requested that D&amp;T furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the statements made by the Registrant set</P>
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<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">forth above. A copy of D&amp;T&#146;s letter dated March 4, 2010 is filed as Exhibit 16.1 to this Form 8-K.</P>
<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">(b) On March 4, 2010, the Registrant approved the engagement of PricewaterhouseCoopers LLP (&#147;PwC&#148;) to replace D&amp;T as the Registrant&#146;s independent registered public accounting firm for examining management&#146;s assertion that the Registrant has complied with its minimum servicing standards.</P>
<P style="MARGIN-LEFT: 25px; TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the Trust&#146;s fiscal years ended December 31, 2008 and December 31, 2007 and during the period from January 1, 2009 through March 3, 2010, neither the Registrant, the Trust, nor anyone on their behalf consulted PwC, on behalf of the Registrant or the Trust, regarding the application of accounting principles to a specified transaction (either completed or proposed), the type of report that might be rendered on management&#146;s assertion that the Registrant has complied with its minimum servicing standards, or any matter that was either the subject of a &#147;disagreement,&#148; as defined in Item 304(a)(1)(iv) of Regulation S-K and the instructions thereto, or a &#147;reportable event,&#148; as defined in Item 304(a)(1)(v) of Regulation S-K.</P>
<P style="TEXT-ALIGN: left"><B>Section 5. Corporate Governance and Management</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 6. Asset-Backed Securities</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 7. Regulation FD</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 8. Other Events</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<P style="TEXT-ALIGN: left"><B>Section 9. Financial Statements and Exhibits</B></P>
<P style="TEXT-ALIGN: left"><B>&nbsp;&nbsp;&nbsp;Item 9.01 Financial Statements and Exhibits</B></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>

  <TR>

    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>(a)&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%">Financial statements of businesses acquired.  </TD>
  </TR>

  <TR>

    <TD vAlign=top nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top nowrap></TD>
    <TD width="100%"></TD>
  </TR>
  <TR>
    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>&nbsp;</TD>
    <TD width="100%">Not applicable.</TD>
  </TR>
  <TR>
    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
  </TR>

  <TR>

    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%">Pro forma financial information. </TD>
  </TR>

  <TR>

    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap></TD>
    <TD width="100%"></TD>
  </TR>
  <TR>
    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
  </TR>
  <TR>
    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>&nbsp;</TD>
    <TD width="100%">Not applicable. </TD>
  </TR>
  <TR>
    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>&nbsp;</TD>
    <TD width="100%">&nbsp;</TD>
  </TR>

  <TR>

    <TD vAlign=top nowrap></TD>
    <TD vAlign=top nowrap>(c)&nbsp; &nbsp; &nbsp; </TD>
    <TD width="100%">Shell company transactions. </TD>
  </TR>
</TABLE>
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<TR>
     <TD nowrap></TD>
     <TD nowrap>&nbsp;</TD>
     <TD vAlign=top width="100%" colSpan=2>Not applicable. </TD></TR>
<TR height=20>
     <TD vAlign=top nowrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD vAlign=top nowrap></TD>
     <TD width="100%" colSpan=2></TD></TR>
<TR>
     <TD vAlign=top nowrap></TD>
     <TD vAlign=top nowrap>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="100%" colSpan=2>Exhibits. </TD></TR>
<TR height=20>
     <TD vAlign=top nowrap></TD>
     <TD vAlign=top nowrap></TD>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD nowrap></TD>
     <TD nowrap>&nbsp;</TD>
     <TD vAlign=top nowrap>16.1&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%">Letter dated March 4, 2010 from Deloitte &amp; Touche LLP to the Securities and Exchange Commission confirming the disclosure contained in Item 4.01 of this report on Form 8-K. </TD></TR></TABLE>
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<P style="TEXT-ALIGN: center"><B>SIGNATURES</B></P>
<P style="TEXT-ALIGN: left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=0>

  <TR vAlign=bottom>

    <TD align=left width="37%">&nbsp;</TD>
    <TD align=left width="59%">MERRILL LYNCH DEPOSITOR, INC.</TD>
  </TR>

  <TR>

    <TD width="98%" colSpan=2>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="37%">Date: March 9, 2010</TD>
    <TD align=left width="18%">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="37%">&nbsp;</TD>
    <TD align=left width="59%">By:&nbsp; /s/ John Marciano</TD>
  </TR>

  <TR>

    <TD width="37%">&nbsp;</TD>
    <TD width="59%">
      <HR noshade SIZE=1>

</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="37%">&nbsp;</TD>
    <TD align=left width="59%">Name: John Marciano</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="37%">&nbsp;</TD>
    <TD align=left width="59%">Title: Vice President</TD>
  </TR>
</TABLE>
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<P style="TEXT-ALIGN: center"><B>EXHIBIT INDEX</B></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">16.1&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Letter dated March 4, 2010 from Deloitte &amp; Touche LLP to the Securities and Exchange Commission confirming the disclosure contained in Item 4.01 of this report on Form 8-K. </TD></TR></TABLE>
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<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>e38063ex16_1.htm
<DESCRIPTION>SEC LETTER
<TEXT>

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<P style="TEXT-ALIGN: right"><B>Exhibit 16.1</B></P>
<P style="TEXT-ALIGN: left">March 4, 2010<BR>
<BR>
Securities and Exchange Commission<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549-7561<BR>
<BR>
Dear Sirs/Madams:</P>
<P style="TEXT-ALIGN: left">We have read Item 4.01 of the Form 8-Ks, dated as of the date hereof, filed by Merrill Lynch Depositor, Inc. on behalf of the PreferredPLUS, PPLUS and INDEXPLUS Trust series as listed on Appendix A, and we have the following comments:</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">1.&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">We agree with the statements made in the first, second and third paragraphs. </TD></TR>
<TR height=20>
     <TD vAlign=top nowrap width="2%"></TD>
     <TD width="98%">&nbsp;</TD></TR>
<TR>
     <TD vAlign=top nowrap width="2%">2.&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">We have no basis on which to agree or disagree with the statements made in the fourth and fifth paragraphs. </TD></TR></TABLE>
<P style="TEXT-ALIGN: left">Yours truly,</P>
<P style="TEXT-ALIGN: left">/s/ Deloitte &amp; Touche LLP<BR>
<BR>
New York, NY</P>
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<P style="TEXT-ALIGN: right"><B>Appendix A</B></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="400" align="center">

<TR vAlign=bottom>

    <TD align=center><B>Commission File #</B></TD>

    <TD>&nbsp;</TD>

    <TD style="TEXT-INDENT: 12px" align=left><B>PPLUS Trust Series</B></TD>
  </TR>
<TR>

    <TD>
<HR noshade SIZE=1>
</TD>

    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

    <TD>
<HR noshade SIZE=1>
</TD></TR>
<TR>

    <TD colSpan=3>&nbsp;</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32364</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series GSC-3</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32415</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series LMG-4</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31409</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series VER-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31591</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series PMC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32247</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series GSC-2</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31288</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series ELP-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31780</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series CSF-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32018</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series TWC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16809</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series LMG-2</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32285</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series LMG-3</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32263</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series JPM-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31912</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series SPR-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31595</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series VAL-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32201</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series DCNA-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16727</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series QWS-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32153</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series GSC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16453</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series CCR-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-32142</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series CMT-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16835</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series ALL-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16747</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series CTR-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16669</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series CZN-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31941</TD>

    <TD>&nbsp;</TD>

    <TD align=left>INDEXPLUS Trust Series 2003-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31604</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series GSG-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31484</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series UPC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16833</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series QWS-2</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31620</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series FMC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16667</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series LMG-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31754</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PPLUS Trust Series GSG-2</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31488</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series FAR-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31520</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series GEC-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-16569</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series FRD-1</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=center>001-31587</TD>

    <TD>&nbsp;</TD>

    <TD align=left>PreferredPLUS Trust Series GRC-1</TD>
  </TR></TABLE><BR>
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