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

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Date of Report (Date of earliest event reported): June 15, 2010

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Initial Depositor

(Exact name of Registrant as specified in its charter)

Utilities HOLDRS (SM) Trust

[Issuer with respect to the receipts]

DELAWARE

(State or other jurisdiction of incorporation)

001-15963

Commission File Number

13-5674085

(I.R.S. Employer Identification No.)

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One Bryant Park

New York, New York 10036

(Address of principal executive offices and zip code)

(212) 449-1000

(Registrant's telephone number, including area code)

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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.):

o Written communications 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))

Item 8.01.

Other Events

On May 25, 2010, the 1-for-5 reverse stock split of Dynegy Inc., an underlying constituent of the Utilities HOLDRS Trust, became effective. As a result, the quantity of shares of Dynegy Inc. represented by each 100 share round-lot of Utilities HOLDRS will decrease from 12 shares to 2.4 shares. Starting May 26, 2010, deposits of shares of Dynegy Inc. for creations of Utilities HOLDRS will decrease from 12 shares to 2.4 shares per round-lot of 100 Utilities HOLDRS.

Item 9.01.

Financial Statements and Exhibits

(d)

Exhibits

99.1

Utilities HOLDRS Trust Prospectus Supplement dated June 15, 2010.

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


Date: June 15, 2010	By:	/s/ Liam B. O’Neil
	Name:	Liam B. O’Neil
	Title:	Managing Director

EXHIBIT INDEX

Number and Description of Exhibit

(99.1)

Utilities HOLDRS Trust Prospectus Supplement dated June 15, 2010.

UTILITIES HOLDERS SM TRUST 8-K