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

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

| Illinois                                            | 36-6889513          |
|-----------------------------------------------------|---------------------|
| (State or other jurisdiction of                     | (I.R.S. Employer    |
| incorporation or organization)                      | Identification No.) |
|                                                |                |
| The Bank of New York Mellon Trust Company, N.A.     |                |
| (formerly J.P. Morgan Trust Company, N.A.), Trustee |                |
| 2 North LaSalle Street, Suite 1020                  |                |
| Chicago, Illinois                                   | 60602               |
| (Address of principal executive offices)            | (Zip Code)          |

|     Large accelerated filer [   ]                                                        | Accelerated filer [   ]         |
|-----------------------------------------------------------------------------------------------------------------------------|------------------------------------------------|
|     Non-accelerated filer   [X]  (Do not check if a smaller reporting company) | Smaller reporting company [   ] |

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| 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. | (Removed and Reserved). |
|---------|-------------------------|

|   |   |
|--------|--------|

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

|   | Certificate Holders as of December 31, 2010, Trust 1-D: 885 |
|--------|-------------------------------------------------------------|

| 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. |
|---------|----------------------------------------------|

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

| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. |
|---------|---------------------------------------------------------------------------------------|

|   | None. |
|--------|-------|

| Item 9A. | Controls and Procedures. |
|----------|--------------------------|

| Item 9B. | Other Information. |
|----------|--------------------|

|   | None. |
|--------|-------|

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| Item 10. | Directors, Executive Officers and Corporate Governance. |
|----------|---------------------------------------------------------|

|   | Not Applicable. |
|--------|-----------------|

| Item 11. | Executive Compensation. |
|----------|-------------------------|

|   | Not Applicable. |
|--------|-----------------|

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and  Related Stockholder Matters. |
|----------|------------------------------------------------------------------------------------------------------------|

|   | Not Applicable. |
|--------|-----------------|

| Item 13. | Certain Relationships and Related Transactions, and Director Independence. |
|----------|----------------------------------------------------------------------------|

|   | None. |
|--------|-------|

| Item 14. | Principal Accounting Fees and Services. |
|----------|-----------------------------------------|

|   | Deloitte & Touche LLP 2010 Audit Expense =  $30,596.08 |
|--------|-----------------------------------------------------------------|

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

|   | The following documents are filed as part of this report: |
|--------|-----------------------------------------------------------|

|   | (1) | The information presented in each semi-annual report. |
|--------|-----|-------------------------------------------------------|

|   | (2) | The report of the independent registered public accounting firm regarding the annual audit of the financial statements of the Trust required under the Declaration of Trust stating the financial statements are presented in accordance with accounting principles generally accepted in the United States of America. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Exhibits: |
|--------|-----|-----------|

|   | 31.1 | Certification by Trustee pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 32.1 | Certification by Trustee pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
|--------|------|------------------------------------------------------------------------------------|

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|   | SIGNATURE |
|--------|-----------|

|   |      |   | GOVERNMENT TRUST 1-D                                 |
|--------|-----------|--------|------------------------------------------------------|
|   |      |   |                                                 |
|   |  By: |   | The Bank of New York Mellon Trust Company, N.A.      |
|   |      |   | (formerly J.P. Morgan Trust Company, N.A.)           |
|   |      |   | Not in its individual capacity but solely            |
|   |      |   | as Trustee on behalf of the Government Trust 1-D     |
|   |      |   |                                                 |
|   | By:       |   |  /s/ Lawrence M. Kusch                          |
|   |      |   | ---------------------------------------------------- |
|   | Name:     |   | Lawrence M. Kusch                                    |
|   | Title:    |   | Vice President                                       |
|   |      |   |                                                 |
|   | Date:     |   | March 30, 2011                                       |

----

----

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|   | Government Trust 1-DFinancial Statements as of and for the Year Ended December 31, 2010 and Report of Independent Registered Public Accounting Firm |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM |
|---------------------------------------------------------|

----

| GOVERNMENT TRUST 1-D                                      |                                                                                       |   |
|-----------------------------------------------------------|--------------------------------------------------------------------------------------------|--------|
|                                                      |                                                                                       |   |
| BALANCE SHEET                                             |                                                                                       |   |
| AS OF DECEMBER 31, 2010                                   |                                                                                       |   |
|                                                      |                                                                                       |   |
|                                                      |                                                                                       |   |
| ASSETS                                                    |                                                                                       |   |
|                                                      |                                                                                       |   |
| LOAN NOTE RECEIVABLE — At amortized cost, inclusive |                                                                                       |   |
|   of unamortized premium of $294,517            |   $  150,301,517                                                       |   |
|                                                      |                                                                                       |   |
| ACCRUED INTEREST RECEIVABLE                               |          2,355,152                            |   |
|                                                      |                                                                                       |   |
| TOTAL                                                     |   $  152,656,669                                                       |   |
|                                                      |                                                                                       |   |
|                                                      |                                                                                       |   |
| LIABILITIES AND TRUST BALANCE                             |                                                                                       |   |
|                                                      |                                                                                       |   |
| ACCRUED EXPENSE PAYABLE                                   |   $            1,813 |   |
|                                                      |                                                                                       |   |
| TRUST BALANCE — Comprised of owners’ equity   |                                                                                       |   |
|   in Government Trust Certificates              |       152,654,856                                            |   |
|                                                      |                                                                                       |   |
| TOTAL                                                     |   $  152,656,669                                                       |   |
|                                                      |                                                                                       |   |
|                                                      |                                                                                       |   |
| See notes to financial statements.                        |                                                                                       |   |

----

| GOVERNMENT TRUST 1-D                 |                                                                |   |
|--------------------------------------|---------------------------------------------------------------------|--------|
|                                 |                                                                |   |
| STATEMENT OF INCOME                  |                                                                |   |
| FOR THE YEAR ENDED DECEMBER 31, 2010 |                                                                |   |
|                                 |                                                                |   |
|                                 |                                                                |   |
| INTEREST INCOME ON THE LOAN NOTE     |   $  19,566,394                                 |   |
|                                 |                                                                |   |
| TRUSTEE FEES AND OTHER EXPENSES      |           (15,287 | )      |
|                                 |                                                                |   |
| NET INCOME                           |   $  19,551,107                                 |   |
|                                 |                                                                |   |
|                                 |                                                                |   |
| See notes to financial statements.   |                                                                |   |

----

| GOVERNMENT TRUST 1-D                                                                                        |                                                                                                                                        |    |
|-------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|---------|
|                                                                                                        |                                                                                                                                        |    |
| STATEMENT OF CASH FLOWS                                                                                     |                                                                                                                                        |    |
| FOR THE YEAR ENDED DECEMBER 31, 2010                                                                        |                                                                                                                                        |    |
|                                                                                                        |                                                                                                                                        |    |
|                                                                                                        |                                                                                                                                        |    |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                       |                                                                                                                                        |    |
|   Principal and interest received on the loan note                                                |  $    110,438,899                                                                                                  |    |
|   Trustee fees and other expenses paid                                                            |              (16,361                                                       | )       |
|                                                                                                        |                                                                                                                                        |    |
|            Net cash provided by operating activities |        110,422,538                                                                                       |    |
|                                                                                                        |                                                                                                                                        |    |
| CASH FLOWS USED IN FINANCING                                                                                |                                                                                                                                        |    |
|   ACTIVITIES — Distributions to certificate owners                                          |      (110,422,538                                                                                                  | )  |
|                                                                                                        |                                                                                                                                        |    |
| NET INCREASE IN CASH                                                                                        |                        - |    |
|                                                                                                        |                                                                                                                                        |    |
| CASH BALANCE — Beginning of year                                                                      |                        - |    |
|                                                                                                        |                                                                                                                                        |    |
| CASH BALANCE — End of year                                                                            |  $                    -            |    |
|                                                                                                        |                                                                                                                                        |    |
| RECONCILIATION OF NET INCOME TO NET CASH                                                                    |                                                                                                                                        |    |
|   PROVIDED BY OPERATING ACTIVITIES:                                                               |                                                                                                                                        |    |
|   Net income                                                                                      |  $      19,551,107                                                                                       |    |
|   Amortization of premium on loan note receivable                                                 |              304,543                                                       |    |
|   Decrease in loan note receivable                                                                |          89,168,000                                                                            |    |
|   Decrease in accrued interest receivable                                                         |           1,399,962                                                                       |    |
|   Decrease in accrued expenses                                                                    |                (1,074                                            | )  |
|                                                                                                        |                                                                                                                                        |    |
| NET CASH PROVIDED BY OPERATING ACTIVITIES                                                                   |  $    110,422,538                                                                                                  |    |
|                                                                                                        |                                                                                                                                        |    |
|                                                                                                        |                                                                                                                                        |    |
| See notes to financial statements.                                                                          |                                                                                                                                        |    |

----

| GOVERNMENT TRUST 1-D                  |   |                                |   |                                   |
|---------------------------------------|--------|-------------------------------------|--------|----------------------------------------|
|                                  |   |                                |   |                                   |   |   |
| STATEMENT OF CHANGES IN TRUST BALANCE |   |                                |
| FOR THE YEAR ENDED DECEMBER 31, 2010  |   |                                |   |
|                                  |   |                                |   |                                   |   |   |
|                                  |   |                                |   |                                   |   |   |
|                                  |   |                                |   | Distributions to                       |   |   |
| Trust Balance,                        |   |                                |   | Certificate                            |   | Trust Balance, |
| January 1, 2010                       |   | Net Income                          |   |   Owners                     |   | December 31, 2010 |
|                                  |   |                                |   |                                   |   |   |
|   $  243,526,287  |   |   $  19,551,107 |   |   $  (110,422,538) |   |   $  152,654,856 |
|                                  |   |                                |   |                                   |   |   |
|                                  |   |                                |   |                                   |   |   |
| See notes to financial statements.    |   |                                |   |                                   |

----

| 1.   | ORGANIZATION AND OPERATIONS |
|----------------|-----------------------------|

| 2.   | LOAN NOTE RECEIVABLE |
|----------------|---------------------------|

| Payment          |   | Principal                                            |   | Payment          |   | Principal                                            |
|------------------|--------|------------------------------------------------------|--------|------------------|--------|------------------------------------------------------|
| Date             |   | Payment                                              |   | Date             |   | Payment                                              |
|             |   |                                                 |   |             |   |                                                 |
| May 3, 2011      |   |   $   47,368,000            |   | November 3, 2012 |   |   $   16,877,000            |
| November 3, 2011 |   |        29,248,000 |   | May 3, 2013      |   |        16,877,000 |
| May 3, 2012      |   |        22,773,000 |   | November 3, 2013 |   |        16,864,000 |

| 3.   | THE ZERO COUPON CERTIFICATES |
|----------------|------------------------------|

| Maturity          |   | Distribution                                   |   | Maturity          |   | Distribution                                   |
|-------------------|--------|------------------------------------------------|--------|-------------------|--------|------------------------------------------------|
| Date              |   | Amount                                         |   | Date              |   | Amount                                         |
|              |   |                                           |   |              |   |                                           |
| May 15, 2011      |   |   $  54,671,466            |   | November 15, 2012 |   |   $  19,341,464            |
| November 15, 2011 |   |       34,245,236 |   | May 15, 2013      |   |       18,519,765 |
| May 15, 2012      |   |       26,346,224 |   | November 15, 2013 |   |       17,685,066 |

| 4.   | THE COLLATERAL |
|----------------|----------------|

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| 5.   | THE TRUSTEE |
|----------------|-------------|

| 6.   | INCOME TAXES |
|----------------|--------------|

| 7.   | SUBSEQUENT EVENTS |
|----------------|-------------------|

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