EXHIBIT 99.1

THE BANK OF NEW YORK

Officers
Certificate

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

Controls have been put in place and
procedures are currently being  reinforced so that  distributions  are remitted to the
holders within the applicable  time frames in accordance with the transaction  documents.
 In addition,  the debt service system has been enhanced to help prevent a future
occurrence.

| | Very
truly yours,
| | -----------------

| | THE
BANK OF NEW YORK
| | --------------------

| | By:
/s/ Joseph Panepinto
      Name:
Joseph Panepinto    
                                                                 Title:
Vice President
| | ------------------------------------------------------------------------------------------------------------------------------------------------

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SCHEDULE

INDEXPLUS Trust Series 2003-1 
  PPLUS
Trust Series CMT-1 
  PPLUS Trust Series CSF-1
   PPLUS Trust Series DCC-1 
  PPLUS Trust Series
DCNA-1
   PPLUS Trust Series FMC-1 
  PPLUS Trust Series GSC-1
   PPLUS Trust Series GSC-2
   PPLUS
Trust Series GSC-3
   PPLUS Trust Series GSG-1
   PPLUS Trust Series GSG-2 
  PPLUS Trust Series
JPM-1 
  PPLUS Trust Series LMG-3 
  PPLUS Trust Series PMC-1 
  PPLUS Trust Series SPR-1 
  PPLUS
Trust Series TWC-1 
  PPLUS Trust Series VAL-1 
  PreferredPLUS Trust Series ALL-1
PreferredPLUS Trust Series BLC-1
   PreferredPLUS Trust Series BLC-2 
  PreferredPLUS Trust
Series BLS-1 
  PreferredPLUS Trust Series CCR-1 
  PreferredPLUS Trust Series CTR-1
PreferredPLUS Trust Series CZN-1 
  PreferredPLUS Trust Series ELP-1 
  PreferredPLUS Trust
Series FAR-1
   PreferredPLUS Trust Series FRD-1
   PreferredPLUS Trust Series GEC-1
PreferredPLUS Trust Series GRC-1
   PreferredPLUS Trust Series LMG-1 
  PreferredPLUS Trust
Series LMG-2
   PreferredPLUS Trust Series MSD-1
   PreferredPLUS Trust Series NAI-1
PreferredPLUS Trust Series QWS-1 
  PreferredPLUS Trust Series QWS-2 
  PreferredPLUS Trust
Series UPC-1
   PreferredPLUS Trust Series VER-1 
  Public STEERS® Series 1998 HLT-1 Trust
Public STEERS® Series 1998 TRV-C1 Trust
   Public STEERS® Series 1999 REN-C1 Trust

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