EXHIBIT 99.1 

THE BANK OF NEW YORK 

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March 6, 2008 

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, 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: 
| • |   | Withrespect to the Preferred Plus Trust Series ELP-1,  CSF-1,  LMG-2, and PMC-1 transactionsand the July      trust  distribution  date, the disbursements were not made on the trustdistribution date of July 16, 2007 but      instead was made on July 17, 2007. |
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| • |   | Withrespect to the Preferred  Plus Trust Series VER-1  transaction  and the December  trust distribution      date, the  disbursement was not made on the trust  distribution  dateof December 3, 2007 but instead was made      on December 5, 2007. |
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| • |   | Withrespect to the Public Steers Series 1999 REN-C1  transaction and the March trust distribution  date,      the  disbursement was not made on the trust  distribution  dateof March 1, 2007 but instead was made on March      8, 2007. |
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| • |   | Withrespect to the Public  Steers  Series 1998 TRV-C1  transaction  and the February  trust distribution      date, the disbursement was not made on the trust  distribution  dateof February 15, 2007 but instead was made      on February 20, 2007. |
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Controls have been put in place andprocedures are currently being  reinforced so that  distributions  are remitted to theholders within the applicable  time frames in accordance with the transaction  documents. In addition,  the debt service system has been enhanced to help prevent a futureoccurrence. 
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|   | Very truly yours,BANK OF NEW YORK          |                      |
|   | 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 Series DCC-1     PPLUS Trust SeriesDCNA-1     PPLUS Trust Series FMC-1     PPLUS Trust Series GSC-1     PPLUS Trust Series GSC-2     PPLUSTrust Series GSC-3     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 BLC-1     PreferredPLUS Trust Series BLC-2     PreferredPLUS TrustSeries BLS-1     PreferredPLUS 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 MSD-1     PreferredPLUS Trust Series NAI-1PreferredPLUS Trust Series QWS-1     PreferredPLUS Trust Series QWS-2     PreferredPLUS TrustSeries UPC-1     PreferredPLUS Trust Series VER-1     Public STEERS® Series 1998 HLT-1 TrustPublic STEERS® Series 1998 TRV-C1 Trust     Public STEERS® Series 1999 REN-C1 Trust 
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