FORM 8-K: MERRILL LYNCH DEPOSITOR FILES CURRENT REPORT

WASHINGTON, Jan. 22 -- Merrill Lynch Depositor Inc., New York, files Form 8-K (current report) with Securities and Exchange Commission on Jan. 21.

State or other jurisdiction of incorporation: Delaware

Section 1. Registrant's Business and Operations

Not applicable.

Section 2. Financial Information

Not applicable.

Section 3. Securities and Trading Markets

Not applicable.

Section 4. Matters Related to Accountants and Financial Statements

Not applicable.

Section 5. Corporate Governance and Management

Not applicable.

Section 6. Asset-Backed Securities

Not applicable.

Section 7. Regulation FD

Not applicable.

Section 8. Other Events

Other events

99.1 - Distribution to holders of the PPLUS Trust Certificates Series FMC-1 on January 18, 2011.

On January 18, 2011, the call warrantholder effected an optional exchange and exchanged all of the outstanding PPLUS Trust Certificates Series FMC-1 for the underlying securities held by the trust.

For information with respect to the underlying securities held by PPLUS Trust Series FMC-1, please refer to Ford Motor Company's (Commission file number 001-03950) periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the Securities and Exchange Commission (the "SEC"). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1580, 100 F Street, NE, Washington, D.

C. 20549. You may obtain copies of this material for a fee by writing to the SEC's Public Reference Section of the SEC at 100 F Street, NE, Washington, D.

C. 20549. You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC's website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and other information that the underlying securities issuer has filed electronically with the SEC.

Although we have no reason to believe the information concerning the underlying securities or the underlying securities issuer contained in the underlying securities issuer's Exchange Act reports is not reliable, neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuer (including, without limitation, no investigation as to its financial condition or creditworthiness) or of the underlying securities has been made. You should obtain and evaluate the same information concerning the underlying securities issuer as you would obtain and evaluate if you were investing directly in the underlying securities or in other securities issued by the underlying securities issuer. There can be no assurance that events affecting the underlying securities or the underlying securities issuer have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.

Section 9. Financial Statements and Exhibits

Financial Statements and Exhibits

(a) Financial statements of business acquired.

Not Applicable.

(b) Pro forma financial information.

Not Applicable.

(c) Shell company transactions.

Not applicable.

(d) Exhibits.

99.1 - Trustee's report in respect of the January 18, 2011 distribution to holders of the PPLUS Trust Certificates Series FMC-1.

More information can be viewed at: http://www.sec.gov/Archives/edgar/data/1221757/000117494711000010/e41700_8k.htm For any query with respect to this article or any other content requirement, please contact Editor at htsyndication@hindustantimes.com

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