EXHIBIT 99.1 

THE BANK OF NEW YORK MELLON

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March 6, 2009 

MERRILL LYNCH DEPOSITOR, INC.     NorthTower, 7th Floor     4 World Financial Center     New York, New York 10080 

PREFERREDPLUS, PPLUSTRUST 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”), herebycertifies in such capacity that, based on his knowledge, the Trustee has complied, in allmaterial respects, with all conditions and covenants applicable to the Trustee under theStandard Terms for Trust Agreements dated February 20,1998 between Merrill LynchDepositor, Inc. as depositor (the “Depositor”) and the Trustee, as successor to UnitedStates Trust Company of New York, as trustee and securities intermediary (the “SecuritiesIntermediary”), in each case as amended by a series supplement between the Depositor, theTrustee and the Securities Intermediary for each trust series listed in the attachedschedule 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    |   |
|   |  |   |
|--------|--|--------|

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SCHEDULE 

INDEXPLUS Trust Series 2003-1     PPLUSTrust Series CMT-1     PPLUS Trust Series CSF-1     PPLUS Trust SeriesDCNA-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 SeriesJPM-1     PPLUS Trust Series LMG-3     PPLUS Trust Series PMC-1     PPLUS Trust Series SPR-1     PPLUSTrust Series TWC-1     PPLUS Trust Series VAL-1     PreferredPLUS Trust Series ALL-1PreferredPLUS Trust Series CCR-1     PreferredPLUS Trust Series CTR-1PreferredPLUS Trust Series CZN-1     PreferredPLUS Trust Series ELP-1     PreferredPLUS TrustSeries FAR-1     PreferredPLUS Trust Series FRD-1     PreferredPLUS Trust Series GEC-1PreferredPLUS Trust Series GRC-1     PreferredPLUS Trust Series LMG-1     PreferredPLUS TrustSeries LMG-2     PreferredPLUS Trust Series QWS-1     PreferredPLUS Trust Series QWS-2     PreferredPLUS TrustSeries UPC-1     PreferredPLUS Trust Series VER-1
|   |   |   |
|--------|--------|--------|

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