EXHIBIT 99.1

THE BANK OF NEW YORK MELLON

Officers Certificate

---

March 6, 2009

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 Mellon (formerly 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 PPLUS Trust Series JPM-1 distribution on June 16, 2008, the amount of interest to be paid by the Trust was calculated incorrectly.  As such, on September 25, 2008, BNY corrected this error and a revised 8-K was filed on October 6, 2008.
|- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|  |                                                                                                                                                                                                                                                                 
| | With respect to the PreferredPLUS Trust Series GEC-1, the September 15, 2008 Exhibit 99.1 within the Form 8-K incorrectly referenced the March 17, 2008 distribution date. On March 5, 2009 a revised 8-K was filed to reflect the correct distribution date.   

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

| | The Bank of New York Mellon (formerly 
      The Bank of New York), as Trustee
| | ------------------------------------------------------------------------------

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

| |  | 
| |  | 

---

SCHEDULE

INDEXPLUS Trust Series 2003-1 
  PPLUS
Trust Series CMT-1 
  PPLUS Trust Series CSF-1
   PPLUS Trust Series
DCNA-1
   PPLUS Trust Series FMC-1
  PPLUS Trust Series GSC-1 
  PPLUS Trust Series GSC-2
   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 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 QWS-1 
  PreferredPLUS Trust Series QWS-2
   PreferredPLUS Trust
Series UPC-1
   PreferredPLUS Trust Series VER-1

| |  | 
| |  | 

---