UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D. C. 20549

~~____________~~__________________________

~~Form~~ FORM 8-K

____________

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 ORor 15(Dd) OFof ~~THE~~

~~SECURITIES~~The ~~EXCHANGE~~Securities ~~ACT~~Exchange OFAct ~~1934~~of 1934

~~DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): June 18, 2007~~_________________________

~~____________~~Date of Report (Date of earliest event reported): February 28, 2013

PPLUS TRUST SERIES EQ-1

(Exact name of the Issuing Entity as specified in its charter)

MERRILL LYNCH DEPOSITOR, INC.

(~~Exact~~on ~~name~~behalf of ~~the~~PPLUS ~~Depositor~~TRUST asSERIES ~~specified in its charter~~EQ-1)

~~MERRILL~~(Exact ~~LYNCH~~name ~~DEPOSITOR,~~of ~~INC.~~registrant as specified in its charter)

(Exact name of the Sponsor as specified in its charter)

Delaware	001-33538	13-3891329
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

____________

One Bryant Park, 4th FL New York, New York		10036
(Address of principal executive offices)		(Zip Code)

__________________________

Delaware	001-33538	13-3891329
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)
World Financial Center
New York, New York		10080
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (646) 855-6745

~~Registrant’s~~Check ~~telephone~~the ~~number,~~appropriate ~~including~~box ~~area~~below ~~code:~~if ~~(212) 449~~the Form 8-~~1297~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

~~Not~~[ ] Written ~~Applicable~~communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~(Former~~[ ] Soliciting ~~name~~material orpursuant ~~former~~to ~~address,~~Rule if14a-12 ~~changed~~under ~~since~~the ~~last~~Exchange ~~report)~~Act (17 CFR 240.14a-12)

~~____________~~[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~Check the appropriate box below if the Form 8~~[ ] Pre-Kcommencement ~~filing~~communications ispursuant ~~intended~~ to ~~simultaneously~~Rule ~~satisfy~~13e-4(c) ~~the~~under ~~filing obligation of~~ the ~~registrant~~Exchange ~~under~~Act ~~any~~(17 ofCFR ~~the following provisions:~~ 240.13e-4(c))

oSection ~~Written~~8 ~~communications~~Other pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))Events

Item 98.01. ~~Financial~~Other ~~Statements and Exhibits~~Events

On February 28, 2013 The Bank of New York Mellon, as Trustee for the PPLUS Trust Series EQ-1 Trust (the “Trust”), issued a press release regarding the receipt of a notice from the Depositor that the Depositor recently determined that the Underlying Securities Issuer of Concentrated Underlying Securities, Embarq Corporation ceased to be a reporting company under the Exchange Act in 2009. A Form 15 “Certification and Notice of Termination of Registration under Section 12(g) ~~Not~~of ~~applicable~~the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Section 13 and 15(d) of the Securities Exchange Act of 1934” was filed for Embarq Corporation, the Underlying Securities Issuer in connection with the PPLUS Trust Certificates Series EQ-1 trust, on July 13, 2009. This requires termination of the trust. A copy of the press release is attached as Exhibit 99.1 hereto.

(b) Not applicable.

(d) Exhibits:

5.1 Legality opinion of Shearman & Sterling LLP

8.1 Tax opinion of Shearman & Sterling LLP

23.1 Consent of Shearman & Sterling LLP (included in Exhibits 5.1 and 8.1)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	MERRILL LYNCH DEPOSITOR, INC.
Date: June 18, 2007		By:	/s/ Michael R. Vasseghi
			Name: Michael R. Vasseghi
			Title: President

Date: February 28, 2013

MERRILL LYNCH DEPOSITOR, INC.

By: /s/ John Marciano

Name: John Marciano

Title: Vice President

EXHIBIT INDEX

Exhibit No99.1Press ~~Description~~Release, dated February 28, 2013

5.1 Legality opinion of Shearman & Sterling LLP

8.1 Tax opinion of Shearman & Sterling LLP

23.1 Consent of Shearman & Sterling LLP (included in Exhibits 5.1 and 8.1)

Filing Compare · PPLUS Trust Series EQ-1