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SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-K
 ANNUAL REPORT
 Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
 For the fiscal year ended:
    
    Commission file number:December 31, 2006
    
    001-16549
 MERRILL LYNCH DEPOSITOR, INC.
   DELAWARE
(State or other 
jurisdiction of 
incorporation)
    
    13-3891329
(I. R. S. Employer
Identification No.)
 WORLD FINANCIAL CENTER, 
NEW YORK, NEW YORK
(Address of principal 
executive offices)
    
    10080
(Zip Code)
 
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TABLE OF CONTENTS  PART IITEM 1. BUSINESSITEM 1A. RISK FACTORSItem 1B. UNRESOLVED STAFF COMMENTSITEM 2. PROPERTIESITEM 3. LEGAL PROCEEDINGSITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSPART IIITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIESITEM 6. SELECTED FINANCIAL DATAITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSUREITEM 9A. CONTROLS AND PROCEDURESITEM 9B. OTHER INFORMATIONPART IIIITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTITEM 11. EXECUTIVE COMPENSATIONITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERSITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONSITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICESPART IVITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULESSIGNATURESEX-31.1: CERTIFICATIONEX-99.1: TRUSTEE'S ANNUAL COMPLIANCE CERTIFICATEEX-99.2: REPORT OF DELOITTE & TOUCHE LLPEX-99.3: REPORT OF ERNST & YOUNG LLP    Table of Contents    
  
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
    
    the purchase price of the trust certificates,
    
    when you acquire your trust certificates,
    
    whether the underlying securities issuer exercises its
option to redeem the underlying securities,
    
    whether, if certain change of control events occur with
respect to News Corporation, the trustee will tender the
trusts underlying securities for repurchase and redeem
your trust certificates, and
    
    whether the call warrant holders exercise their optional
rights to purchase outstanding trust certificates.
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
    
    there is a payment default on any underlying securities,
    
    there is another type of default that accelerates the
maturity of the underlying securities, or
    
    News Corporation, which is one of the underlying securities
guarantors, ceases to file Exchange Act reports.
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
    
    the due and punctual payment of the principal of, premium,
if any, and interest on the underlying securities
(including interest accruing on or after filing of any
petition in bankruptcy or reorganization whether or not a
claim for post-filing interest is allowed in such
proceeding), when and as the same shall become due and
payable, whether at maturity, as a result of redemption,
upon a Change of Control Triggering Event (as defined in
the applicable prospectus supplement), by acceleration or
otherwise,
    
    the due and punctual payment of interest on overdue
principal of, premium and interest, if any, on the
underlying securities,
    
    the due and punctual performance of all other obligations
under the underlying indenture to the underlying securities
holders or the underlying securities trustee in accordance
with the terms of the underlying securities and of the
underlying indenture, and
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
    
    in the case of any extension of time of payment or renewal
of any underlying securities or any of such other
obligations, that the same will be promptly paid in full
when due or performed in accordance with the terms of the
extension or renewal, at stated maturity, at redemption, by
acceleration or otherwise, to be paid by the underlying
securities guarantors or through the other guarantors as
provided in the underlying indenture.
     
   
   
   
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(a)
    
    Securities Authorized For Issuance Under Equity
Compensation Plans: None.(b)
    
    Security Ownership Of Certain Beneficial Owners: None.(c)
    
    Security Ownership Of Management: Not Applicable.(d)
    
    Changes In Control: None.
 
   
   
  
      31.1
    
    Certification of Vice President of Registrant dated
March 26,
2007, pursuant to Rules 13a-14 and 15d-14 under the
Securities Exchange Act of 1934, as adopted pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002, with
respect to the Registrants Annual Report on Form 10-K
for the year ended December 31, 2006.
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99.1.
    
    Trustees Annual Compliance Certificate dated
March 22, 2007.99.2.
    
    Report of Deloitte & Touche LLP, Independent
Registered Public Accounting Firm, dated March 26, 2007, Registrants Assertion on Compliance
with PPLUS Minimum Servicing Standards dated March 26, 2007 and PPLUS Minimum Servicing Standards.99.3.
    
    Report of Ernst & Young LLP, Independent Registered
Public Accounting Firm, dated March 1, 2007, and
The Bank of New Yorks Assertion on Compliance
with PPLUS Minimum Servicing Standards dated
March 1, 2007 and PPLUS Minimum Servicing
Standards.
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MERRILL LYNCH DEPOSITOR, INC.Date: March 26, 2007
    By:
    /s/ Jason LiddellName:
    Jason LiddellTitle:
    Vice President.