SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

__________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

_________________________

Date of Report (Date of earliest event reported): ~~February~~ 15March 27, 2013

MERRILL LYNCH DEPOSITOR, INC.

(on behalf of ~~PPLUS~~PREFERREDPLUS TRUST SERIES GSG-1)

(Exact name of registrant as specified in its charter)

Delaware	001-~~31604~~16809	13-3891329
(State or other	(Commission	(I. R. S. Employer
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
jurisdiction of	File Number)	Identification No.)
incorporation)

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

__________________________

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

INFORMATION TO BE INCLUDED IN REPORT

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange 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))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section ~~1. Registrant’s Business~~ ~~and~~8 ~~Operations~~Other Events

~~Not~~Item ~~applicable~~8.01 Other Events

~~Section~~On 2March 27, 2013 The Bank of New York Mellon, as Trustee for the PreferredPLUS Trust Series GSG-1 Trust (the “Trust”), issued two press releases regarding the receipt of a notice of intended exercise on April 25, 2013 (the “Exercise Date”), of 100% of the outstanding Warrants representing the right to acquire (a) 5,360,000 of the Class A Trust Certificates at an exercise price equal to $25 for each security being exercised plus accrued and unpaid interest up to, but excluding the Exercise Date and (b) 5,360,000 of the Class B Trust Certificates at an exercise price equal to the sum of the present values, discounted at a rate of 6. ~~Financial~~125%, ~~Information~~of the unpaid payments due, or to become due, in respect of the distributions to be made to the Class B Certificateholders by the Trust on or after the Exercise Date. A copy of each of the press releases is attached as Exhibit 99.1 hereto.

~~Not applicable.~~SIGNATURES

~~Section~~Pursuant 3. to the requirements of the Securities ~~and~~Exchange ~~Trading~~Act ~~Markets~~of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

~~Not~~Date: ~~applicable.~~March 27, 2013

~~Section~~MERRILL ~~4. Matters~~LYNCH ~~Related~~DEPOSITOR, ~~to Accountants and Financial Statements~~INC.

~~Not~~By:/s/ ~~applicable.~~John Marciano

~~Section~~Name:John ~~5. Corporate Governance and Management~~Marciano

~~Not~~Title:Vice ~~applicable.~~President

~~Section~~EXHIBIT ~~6. Asset-Backed Securities~~INDEX

~~Not applicable~~Exhibit 99.1Two Press Releases, dated March 27, 2013

Section 7. Regulation FD

Not applicable.

Section 8. Other Events

Item 8.01 Other events

99.1 Distribution to holders of the PPLUS Trust Certificates Series GSG-1 on February 15, 2013.

For information with respect to the underlying securities held by PPLUS Trust Series GSG-1, please refer to The Goldman Sachs Group, Inc.’s (Commission file number 001-14965) 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 your investment were 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

Item 9.01		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 February 15, 2013 distribution to holders of the PPLUS Trust Certificates Series GSG-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: February 25, 2013	By:	/s/ John Marciano
	Name:	John Marciano
	Title:	Vice President

EXHIBIT INDEX

99.1 Trustee’s report in respect of the February 15, 2013 distribution to holders of the PPLUS Trust Certificates Series GSG-1.

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