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, 2004

                                      or

     / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI-
     TIES 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)

           Delaware                                     13-4164633
-------------------------------------    --------------------------------------
(State or Other Jurisdiction               (I.R.S. Employer Identification No.)
of Incorporation or Organization)


                383 Madison Avenue
                New York, New York                                10179
    ------------------------------------------            --------------------
     (Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code:  (212) 272-2000
                                                     --------------

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


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


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<PAGE>


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

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.
Yes  /X/     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.  /X/

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Act).
Yes  / /     No  /X/

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 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


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<PAGE>


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

                                   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.


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<PAGE>


               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, 2004 through and including
                    December 31, 2004 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, 2004           Distribution Date       June 10, 2004
     ---------------------- ----------------------- ---------------------------
     December 1, 2004       Distribution Date       December 9, 2004
     ---------------------- ----------------------- ---------------------------

               2.   None.

               3.   Exhibits:

                    99.1 - Certification by Chief Executive Officer/President
                    of the registrant pursuant to 15 U.S.C. Section 7241, as
                    adopted pursuant to Section 302 of the Sarbanes-Oxley Act
                    of 2002.

                    99.2 - Annual Compliance Report by Trustee pursuant to 15
                    U.S.C. Section 7241, as adopted pursuant to Section 302 of
                    the Sarbanes-Oxley Act of 2002.

                    99.3 - Registrant's Current Report on Form 8-K filed with
                    the Securities and Exchange Commission on June 10, 2004,
                    as further described in Item 15(a)(1) above, is
                    incorporated herein by reference.

                    99.4 - Registrant's Current Report on Form 8-K filed with
                    the Securities and Exchange Commission on December 9,
                    2004, 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/ Timothy Kelley Millet
                      -------------------------------------
                         Name:   Timothy Kelley Millet
                         Title:  Chief Executive Officer/President
                         Date:   March 28, 2005


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<PAGE>


<TABLE>
<CAPTION>

                                       EXHIBIT INDEX

------------------- ---------------------------------------------------- ----------------
 Reference Number                 Description of Exhibits                Exhibit Number
 per Item 601 of                                                             in this
  Regulation SK                                                             Form 10-K
------------------- ---------------------------------------------------- ----------------
<S>                 <C>                                                  <C>
                    Certification by Chief Executive Officer/President        99.1
                    of the registrant pursuant to 15 U.S.C. Section
      (99.1)        7241, as adopted pursuant to Section 302 of the
                    Sarbanes-Oxley Act of 2002.
------------------- ---------------------------------------------------- ----------------
                    Annual Compliance Report by Trustee pursuant to 15
      (99.2)        U.S.C. Section 7241, as adopted pursuant to               99.2
                    Section 302 of the Sarbanes-Oxley Act of 2002.
------------------- ---------------------------------------------------- ----------------
                    Registrant's Current Report on Form 8-K filed with the
                    Securities and Exchange Commission on June 10,
      (99.3)        2004, as further described in Item 15(a)(1) above, is     99.3
                    incorporated herein by reference.
------------------- ---------------------------------------------------- ----------------
      (99.4)        Registrant's Current Report on Form 8-K filed with        99.4
                    the Securities and Exchange Commission on December
                    9, 2004, as further described in Item 15(a)(1)
                    above, is incorporated herein by reference.
------------------- ---------------------------------------------------- ----------------
</TABLE>


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