UNITED STATES

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): ~~November~~June 311, ~~2009~~2010

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Initial Depositor

(Exact name of Registrant as specified in its charter)

Telecom HOLDRS (SM) Trust

[Issuer with respect to the receipts]

DELAWARE (State or other jurisdiction of incorporation) 001-~~15327~~15651 Commission File Number 13-5674085 (I.R.S. Employer Identification No.)

______________

~~250~~One ~~Vesey~~Bryant ~~Street~~Park

New York, New York ~~10281~~10036

(Address of principal executive offices and zip code)

(212) 449-1000

(Registrant'’s telephone number, including area code)

______________

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))

Item 8.01

Other Events

~~Effective~~As ~~October~~a ~~26,~~result ~~2009, FairPoint Communications Inc., an underlying constituent~~ of the ~~Telecom~~spin-off ~~HOLDRS~~of ~~Trust~~Frontier ~~(the~~Communications ~~“Trust”),~~Corporation ~~was delisted~~ from ~~trading~~Verizon onCommunications ~~NYSE~~Inc. ~~Pursuant~~, toa ~~the~~component ~~prospectus~~of ~~for~~ the Telecom HOLDRS Trust, ifFrontier ~~FairPoint~~ Communications ~~Inc.~~Corporation iswill ~~not~~be ~~listed~~added ~~for~~as ~~trading~~an onunderlying ~~another~~security ~~national~~of ~~securities~~the ~~exchange,~~Telecom orHOLDRS ~~through~~Trust ~~NASDAQ, within~~effective ~~five~~July ~~business~~8, ~~days~~2010. Shareholders ~~from~~of ~~the~~Verizon ~~date~~Communications itInc. iswill ~~delisted,~~receive it0.238 ~~shall~~shares beof ~~distributed~~Frontier byCommunications Corporation. The Bank of New York Mellon will receive 5. ~~The~~17888 ~~rate~~shares of ~~distribution~~Frontier isCommunications 0Corporation for the 21.~~0041~~76 ~~FairPoint~~shares of Verizon Communications Inc. ~~shares~~ per 100 share round-lot of Telecom HOLDRS. ~~The~~Effective ~~record~~July ~~date~~8, ~~and~~2010, ~~pay~~5.17888 ~~date~~shares ~~for~~of ~~the~~Frontier ~~distribution~~Communications ~~shall~~Corporation will be ~~November~~required 9,for ~~2009~~creations/cancellations ~~and~~per ~~November~~100 ~~13,~~share ~~2009,~~round-lot ~~respectively~~of Telecom HOLDRS.

Item 9.01.

Financial Statements and Exhibits

(d)

Exhibits

99.1 Telecom HOLDRS Trust Prospectus Supplement ~~dated~~June ~~November 3~~11, ~~2009~~2010 to Prospectus dated March 11, 2009.

SIGNATURE

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, PIERCE, FENNER & SMITH INCORPORATED	~~MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED~~
Date: November 3, 2009	By:	/s/ Ninon B. Marapachi
Date: June 11, 2010	By:	/s/ Liam B. O’Neil
	Name:	~~Name:~~Liam B. O’Neil	~~Ninon B. Marapachi~~
	Title:	~~Title:~~Managing Director	~~Managing Director~~

EXHIBIT INDEX

Number and Description of Exhibit

(99.1) Telecom HOLDRS Trust Prospectus Supplement dated ~~November~~June 311, ~~2009~~2010 to Prospectus dated March 11, 2009.

Filing Compare · TELECOM HOLDRS TRUST