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SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 
 FORM 10-K
 ANNUAL REPORT
 Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
 
 For the fiscal year ended:
    
    Commission file number:December 31, 2006
    
    001-31233
 MERRILL LYNCH DEPOSITOR, INC.
   DELAWARE
(State or other 
jurisdiction of 
incorporation)
    
    13-3891329
(I. R. S. Employer
Identification No.)
 WORLD FINANCIAL CENTER, 
NEW YORK, NEW YORK
(Address of principal 
executive offices)
    
    10080
(Zip Code)
 
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TABLE OF CONTENTS  PART IITEM 1. BUSINESSITEM 1A. RISK FACTORSITEM 1B. UNRESOLVED STAFF COMMENTSITEM 2. PROPERTIESITEM 3. LEGAL PROCEEDINGSITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSPART IIITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIESITEM 6. SELECTED FINANCIAL DATAITEM 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSUREITEM 9A. CONTROLS AND PROCEDURESITEM 9B. OTHER INFORMATIONPART IIIITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANTITEM 11. EXECUTIVE COMPENSATIONITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERSITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONSITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICESPART IVITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULESSIGNATURESEX-31.1: CERTIFICATIONEX-99.1: TRUSTEE'S ANNUAL COMPLIANCE CERTIFICATEEX-99.2: REPORT OF DELOITTE & TOUCHE LLPEX-99.3: REPORT OF ERNST & YOUNG LLP    Table of Contents    
  
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
    
    the purchase price of the trust
certificates,
    
    when you acquire your trust certificates,
    
    whether the underlying securities issuer
exercises its option to redeem the
underlying securities, and
    
    whether the call warrant holders exercise
their optional rights to purchase
outstanding trust certificates.
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
    
    there is a payment default on any underlying
securities,
    
    there is another type of default that
accelerates the maturity of the underlying
securities, or
    
    the underlying securities issuer ceases to
file Exchange Act reports.
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(a)
    
    Securities Authorized For Issuance Under
Equity Compensation Plans: None.(b)
    
    Security Ownership Of Certain Beneficial
Owners: None.(c)
    
    Security Ownership Of Management: Not
Applicable.(d)
    
    Changes In Control: None.
 
   
   
  
      31.1
    
    Certification of Vice President of
Registrant dated March 26, 2007,
pursuant to Rules 13a-14 and 15d-14
under the Securities Exchange Act of
1934, as adopted pursuant to Section
302 of the Sarbanes-Oxley Act of
2002, with respect to the
Registrants Annual Report on Form
10-K for the year ended December 31,
2006.
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99.1.
    
    Trustees Annual Compliance
Certificate dated March 22, 2007.99.2.
    
    Report of Deloitte & Touche LLP,
Independent Registered Public
Accounting Firm, dated March 26, 2007, Registrants Assertion on
Compliance with PPLUS Minimum
Servicing Standards dated March 26, 2007 and PPLUS Minimum Servicing
Standards.99.3
    
    Report of Ernst & Young LLP,
Independent Registered Public
Accounting Firm, dated March 1, 2007, The Bank of New Yorks
Assertion on Compliance with PPLUS
Minimum Servicing Standards dated
March 1, 2007 and PPLUS Minimum
Servicing Standards.
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MERRILL LYNCH DEPOSITOR, INC.Date: March 26, 2007
    By:
    /s/ Jason LiddellName:
    Jason LiddellTitle:
    Vice President