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, 2008
    
    001-31409
 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)
 
       o þ
  o þ
  þ o
 o
 o o þSmaller reporting  filer o
 Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).
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    Not Applicable. DOCUMENTS INCORPORATED BY REFERENCE




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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,   EXECUTIVE OFFICERS AND CORPORATE GOVERNANCEITEM 11. EXECUTIVE COMPENSATIONITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERSITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCEITEM 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 KPMG LLP    
  
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
    
    the purchase price of the trust certificates,
    
    you acquire your trust certificates,
    
    the underlying securities issuer exercises its option to
redeem the underlying securities, and
    
    whether the call warrant holders exercise their optional
rights to purchase outstanding trust certificates.
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
    
    if a default occurs, the market value of the underlying
securities may be adversely affected and the proceeds of
their disposition may be lower than the aggregate stated
amount or present value (if applicable) of the trust
certificates; and
    
    either event, any distribution of funds or underlying
securities by the trust to the trust certificateholders
will be done in accordance with the allocation ratio as
described in the applicable prospectus supplement relating
to the trust certificates. The funds or aggregate principal
amount of underlying securities you receive on that
distribution may be less than the stated amount or present
value (if applicable) of your trust certificates.
   
    
    there is a payment default on any underlying securities,
    
    there is another type of default that accelerates the
maturity of its underlying securities, or
    
    the underlying securities support provider ceases to file
Exchange Act reports.
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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.
 
   
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31.1.
    
        Certification of Vice President of Registrant
dated March 27, 2009, 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, 2008.99.1.
    
        Trustees Annual Compliance Certificate
dated March 6, 2009.99.2.
    
        Report of Deloitte & Touche LLP,
Independent Registered Public Accounting
Firm, dated March 23, 2009, Registrants
Assertion on Compliance with PPLUS
Minimum Servicing Standards dated
March 23, 2009 and PPLUS Minimum
Servicing Standards.99.3.
    
        Report of KPMG LLP, Independent
Registered Public Accounting Firm, dated
March 6, 2009, The Bank of New
York Mellons Assertion on Compliance with
PPLUS Minimum Servicing Standards dated
March 6, 2009 and PPLUS Minimum
Servicing Standards.
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MERRILL LYNCH DEPOSITOR, INC.Date: March 27, 2009
      By:
      /s/ Steven ONeillName:
      Steven ONeillTitle:
      Vice President


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