EXHIBIT 99.1





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March 6, 2008

MERRILL LYNCH DEPOSITOR, INC. 
North Tower, 7th Floor 
4 World Financial Center 
New York, New York 10080

PREFERREDPLUS, PPLUS
TRUST AND INDEXPLUS CERTIFICATE

The undersigned, Joseph Panepinto,
Vice President of The Bank of New York, a New York corporation (the Trustee),
hereby certifies in such capacity that, based on his knowledge, the Trustee has complied,
in all material respects, with all conditions and covenants applicable to the Trustee
under the Standard Terms for Trust Agreements dated February 20,1998 between Merrill
Lynch Depositor, Inc. as depositor (the Depositor) and the Trustee, as
successor to United States Trust Company of New York, as trustee and securities
intermediary (the Securities Intermediary), in each case as amended by a
series supplement between the Depositor, the Trustee and the Securities Intermediary for
each trust series listed in the attached schedule with the exception of the items
identified below:

| | With
respect to the Preferred Plus Trust Series ELP-1,  CSF-1,  LMG-2, and PMC-1 transactions
and the July      trust  distribution  date, the disbursements were not made on the trust
distribution date of July 16, 2007 but      instead was made on July 17, 2007.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | With
respect to the Preferred  Plus Trust Series VER-1  transaction  and the December  trust
 distribution      date, the  disbursement was not made on the trust  distribution  date
of December 3, 2007 but instead was made      on December 5, 2007.
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | With
respect to the Public Steers Series 1999 REN-C1  transaction and the March trust
 distribution  date,      the  disbursement was not made on the trust  distribution  date
of March 1, 2007 but instead was made on March      8, 2007.
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | With
respect to the Public  Steers  Series 1998 TRV-C1  transaction  and the February  trust
 distribution      date, the disbursement was not made on the trust  distribution  date
of February 15, 2007 but instead was made      on February 20, 2007.
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |                                       |                      |                  | 
| | ------------------------------------- | -------------------- | ---------------- | 
| | Very truly yours,THE BANK OF NEW YORK |                     
| | By:                                   | /s/ Joseph Panepinto |                 
| |                                       | Name:                | Joseph Panepinto | 
| |                                       | Title:               | Vice President   | 





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