|  Commission file number 001-13716                     |
|------------------------------------------------------------|
|                                                       |
| MERRILL LYNCH MUNICIPAL ABS, INC.                          |
| ---------------------------------------------------------- |
| (Exact Name of registrant as specified in charter)         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | NEW YORK                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 13-369-8229 |
|   | ---------------------------------                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | ----------------------------------- |
|   | (State or other jurisdiction of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | (IRS Employer Identification No.) |
|   | incorporation or organization)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
|   | World Financial Center                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|   | North Tower                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   | 250 Vesey Street – 9th Flr.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
|   | North Tower                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   | New York, New York                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 10080-1323 |
|   | -----------------------------------------------                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | --------------- |
|   | (Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (Zip Code) |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | Registrant's telephone number, including area code    (212) 449-9938                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                                                                ----------------------- |

| TITLE OF EACH CLASS                                               | NAME OF EACH EXCHANGE ON WHICH REGISTERED |
|-------------------------------------------------------------------|-------------------------------------------|
| PREREFUNDED MUNICIPAL CERTIFICATES, SERIES 2, DUE OCTOBER 1, 2012 | NEW YORK STOCK EXCHANGE                   |
| PREREFUNDED MUNICIPAL CERTIFICATES, SERIES 3, DUE OCTOBER 1, 2012 | NEW YORK STOCK EXCHANGE                   |

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| Yes  | __ |   No | X |   |
|-----------|----|-----------|---|--------|

| Yes  | __ |   No | X |   |
|-----------|----|-----------|---|--------|

| Yes  | X |   No | __ |   |
|-----------|---|-----------|----|--------|

| Yes  |  __ |   No | X |   |
|-----------|----------|-----------|---|--------|

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|      |    (a) | Number of holders of record of each Series of Certificates as of December 26, 2008: |
|--------------------------|------------------|-------------------------------------------------------------------------------------|

|                        | (b) | Principal market in which registrant's Certificates are being traded: |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|-----------------------------------------------------------------------|

|   | (c)    Report of Dividends: |
|--------|--------------------------------------------|

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|                       (a) (1) | Financial Statements |
|---------------------------------------------------------------------------------------------------------------------------------------------|----------------------|

|                        | (2) | Financial Statement Schedule |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|------------------------------|

|                        | (3) | Exhibits |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|----------|

|   | 31.1      |  RULE 13A-14 CERTIFICATION                                                                                                                                                                                |   |
|--------|------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | 99.1                               |  INDEPENDANT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES                                                                                                                                       |   |
|   | 99.2                          |  NOTICE OF SUBSTITUTION OF DEFEASANCE OBLIGATIONS                                                                                                                                                         |   |
|   | 99.3                               |  STATEMENTS TO HOLDERS OF MERRILL LYNCH MUNICIPAL ABS, INC. PREREFUNDED MUNICIPAL CERTIFICATES, SERIES 2 AND SERIES 3 RELATING TO THE DISTRIBUTION DATES OF  APRIL 1, 2009 AND OCTOBER 1, 2009. |
|   | 99.4                               |  TRUSTEE’S CERTIFICATION                                                                                                                                                                            |   |

|                        | (b) | Reports on Form 8-K |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|---------------------|

|                        | (c) | Not Applicable |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|----------------|

|                        | (d) | Not Applicable |
|--------------------------------------------------------------------------------------------------------------------------------------|-----|----------------|

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| EXHIBIT                                                                                                                                                                                                                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1     Rule 14a-14 Certification                                                                                                                                                                     |
| 99.1    Independant Accountants' Report on Applying Agreed-Upon Procedures                                                                                                                             |
| 99.2    Notice of Substitution of Defeasance Obligations                                                                                                                                               |
| 99.3    Statements to holders of Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 and Series 3, relating to the Distribution Dates of April 1, 2009 and October 1, 2009. |
| 99.4    Trustee’s Certification                                                                                                                                                                  |

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