UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                     ----

                                   FORM 10-K

                       FOR ANNUAL AND TRANSITION REPORTS
                    PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

(Mark One)

[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934

For the fiscal year ended December 31, 2006

                                      or

[_]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the transition period from ________ to ________

                     Commission File Number: 333-58504-02


                         Bear Stearns Depositor Inc.,
                                 on behalf of:
                Trust Certificates (TRUCs), Series 2001-2 Trust
   ------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)

                   New York                               13-7295550
---------------------------------------------   -------------------------------
(State or Other Jurisdiction of Incorporation   (I.R.S. Employer Identification
               or Organization)                              No.)


   c/o U.S. Bank Trust National
           Association
   100 Wall Street, Suite 1600
        New York, New York                                 10005
 -------------------------------                        ----------
 (Address of principal executive                        (Zip Code)
             offices)


Registrant's telephone number, including area code:  (212)-272-9422
                                                     --------------

Securities registered pursuant to Section 12(b) of the Act:


Title of Class                                     Name of Registered Exchange
--------------                                     ---------------------------
Trust Certificates (TRUCs), Series 2001-2,         New York Stock Exchange
Class A-1                                          ("NYSE")


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<PAGE>


Securities registered pursuant to Section 12(g) of the Act:   None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.

|_| Yes  |X| No

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.

|_| Yes  |X| No

Indicate by check mark whether the registrant: (1) Has filed all reports
required to be filed by section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
file requirements for the past 90 days.

|X| Yes  |_| No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K.

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):

Large accelerated filer |_|   Accelerated filer |_|   Non-accelerated filer |X|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).

|_| Yes  |X| No

State the aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common
equity was last sold, or the average bid and asked price of such common
equity, as of the last business day of the registrant's most recently
completed second fiscal quarter:
NOT APPLICABLE.

The Registrant has no voting stock or class of common stock outstanding as of
the date of this report.


                      DOCUMENTS INCORPORATED BY REFERENCE

      The following documents are incorporated by reference into Part IV of this
Annual Report: The distribution reports to security holders filed on Form 8-K
during the fiscal year, in lieu of reports on Form 10-Q, which include the
reports filed on Form 8-K listed in Item 15(a) hereto.

                                Introductory Note

      The registrant is the depositor under the trust agreement for the TRUCs
Certificates referenced above which are listed on the New York Stock Exchange.
The certificates represent interests only in the Trust Certificates (TRUCs),
Series 2001-2 Trust and do not represent obligations of or interests in the
depositor. The Underlying Securities for the trust are $30,000,000 principal
amount of International Business Machines Corporation 7.125% Debentures due
December 1, 2096. Pursuant to staff administrative positions established in
Corporate Asset Backed Corporation (available August 9, 1995), registrant is not
required to respond to various items of Form 10-K. Such items are designated
herein as "Not Applicable." Distribution reports detailing receipts and
distributions by the trust are filed after each distribution date on Form 8-K in
lieu of reports on Form 10-Q.

      International Business Machines Corporation (the "Underlying Securities
Issuer") is subject to the information reporting requirements of the Securities
Exchange Act of 1934 (the "Exchange Act"). For information on the Underlying
Securities Issuer, refer to the current and periodic reports required to be
filed pursuant to the Exchange Act by the Underlying Securities Issuer under its
Exchange Act file number, 1-2360. The Securities and Exchange Commission (the
"Commission") maintains a site on the World Wide Web at "http://www.sec.gov" at
which users can view and download copies of reports, proxy and information
statements and other information filed


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<PAGE>


electronically through the Electronic Data Gathering, Analysis and Retrieval
(EDGAR) system. Periodic and current reports and other information required to
be filed pursuant to the Exchange Act by the Underlying Securities Issuer may
be accessed on this site. Neither Bear Stearns Depositor Inc. nor the Trustee
has participated in the preparation of such reporting documents, or made any
due diligence investigation with respect to the information provided therein.
Neither Bear Stearns Depositor Inc. nor the Trustee has verified the accuracy
or completeness of such documents or reports. There can be no assurance that
events affecting the Underlying Securities Issuer or the Underlying Securities
have not occurred or have not yet been publicly disclosed which would affect
the accuracy or completeness of the publicly available documents described
above.

                                    PART I

Item 1. Business.
----------------
      Not Applicable

Item 1A. Risk Factors.
---------------------

      Not Applicable

Item 1B. Unresolved Staff Comments.
----------------------------------

      None

Item 2.  Properties.
-------------------
      Not Applicable

Item 3.  Legal Proceedings.
--------------------------
      None

Item 4.  Submission of Matters to a Vote of Security Holders.
-------------------------------------------------------------
      None

                                    PART II

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and
------------------------------------------------------------------------------
        Issuer Purchases of Equity Securities.
        --------------------------------------

      The Trust Certificates (TRUCs), Series 2001-2, Class A-1 certificates are
represented by one or more physical certificates registered in the name of "Cede
& Co.", the nominee of The Depository Trust Company. The certificates are listed
on the New York Stock Exchange.

Item 6.  Selected Financial Data.
---------------------------------
      Not Applicable

Item 7. Management's Discussion and Analysis of Financial Condition and
-----------------------------------------------------------------------
        Results of Operations.
        ----------------------
      Not Applicable

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
--------------------------------------------------------------------
      Not Applicable

Item 8.  Financial Statements and Supplementary Data.
-----------------------------------------------------
      Not Applicable

Item 9. Changes in and Disagreements With Accountants on Accounting and
-----------------------------------------------------------------------
        Financial Disclosure.
        ---------------------
      None

Item 9A.  Controls and Procedures.
----------------------------------
      Not Applicable

Item 9B.  Other Information.
----------------------------
      None


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<PAGE>


                                   PART III

Item 10.  Directors and Executive Officers of the Registrant.
-------------------------------------------------------------
      Not Applicable

Item 11.  Executive Compensation.
---------------------------------
      Not Applicable

Item 12.  Security Ownership of Certain Beneficial Owners and Management and
----------------------------------------------------------------------------
          Related Stockholder Matters.
          ----------------------------
      None

Item 13.  Certain Relationships and Related Transactions.
---------------------------------------------------------
      None

Item 14.  Principal Accounting Fees and Services.
-------------------------------------------------
      None

                                    PART IV

Item 15.  Exhibits, Financial Statement Schedules.
--------------------------------------------------

      (a)   The following documents have been filed as part of this report.

            1.    Trustee's Distribution Statements documented on Form 8-K
                  regarding the distributions from the Trust Certificates
                  (TRUCs), Series 2001-2 Trust to the certificateholders for
                  the period from January 1, 2006 through and including
                  December 31, 2006 have been filed with the Securities and
                  Exchange Commission and are hereby incorporated by
                  reference. Filing dates are listed below:

      --------------------------------------------------------------------------
      Date of Report           Event                     Date Filed
      --------------------------------------------------------------------------
      June 1, 2006             Distribution Date         June 8, 2006
      --------------------------------------------------------------------------
      December 1, 2006         Distribution Date         December 13, 2006
      --------------------------------------------------------------------------


            2.    None.

            3.    Exhibits:

                  31.1 - Rule 13a-14(a)/15d-14(a) (Section 302 Certification).

                  99.1 - Annual Compliance Report by Trustee.

                  99.2 - Registrant's Current Report on Form 8-K filed with
                  the Securities and Exchange Commission on June 8, 2006, as
                  further described in Item 15(a)(1) above, is incorporated
                  herein by reference.

                  99.3 - Registrant's Current Report on Form 8-K filed with
                  the Securities and Exchange Commission on December 13, 2006,
                  as further described in Item 15(a)(1) above, is incorporated
                  herein by reference.

      (b)   See Item 15 (a) above.

      (c)   Not Applicable.


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<PAGE>



                                   SIGNATURE

      Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                   Bear Stearns Depositor Inc., acting on behalf of Trust
                      Certificates (TRUCs), Series 2001-2 Trust


                              By: /s/ Craig Overlander
                            ------------------------------------------------
                              Name:  Craig Overlander
                              Title: Chief Executive Officer/President
                              Date:  March 29, 2007


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<PAGE>


                                 EXHIBIT INDEX

-------------------------------------------------------------
 Reference                                         Exhibit
 Number per                                       Number in
Item 601 of                                         this
Regulation SK      Description of Exhibits        Form 10-K
-------------------------------------------------------------
   (31.1)    Rule 13a-14(a)/15d-14(a) (Section      31.1
             302 Certification).
-------------------------------------------------------------
   (99.1)    Annual Compliance Report by            99.1
             Trustee.
-------------------------------------------------------------
             Registrant's Current Report on
             Form 8-K filed with the Securities
             and Exchange Commission on June 8,
   (99.2)    2006, as further described in Item     99.2
             15(a)(1) above, is incorporated
             herein by reference.
-------------------------------------------------------------
             Registrant's Current Report on
             Form 8-K filed with the Securities
             and Exchange Commission on
   (99.3)    December 13, 2006, as further          99.3
             described in Item 15(a)(1) above,
             is incorporated herein by
             reference.
-------------------------------------------------------------


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