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): December 1622, 2011

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

Initial Depositor

(Exact name of Registrant as specified in its charter)

Internet HOLDRS (SM) Trust

[Issuer with respect to the receipts]

Delaware

(State or other jurisdiction of incorporation)

001-15327

Commission File Number

13-5674085

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

______________

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

The Internet HOLDRS Trust hereby updates its Form 8-K dated November 10, 2011, which announced that (i) the Internet HOLDRS Trust would terminate, under its Depositary Trust Agreement, as amended, on or around December 20, 2011, (ii) following that termination, holders of Internet HOLding Company Depositary Receipts (“HOLDRS”) would have until the expiration of a period of four months after the termination date (the date on which that period ends being referred to as the “Last Withdrawal Date”) to decide if they would like to retain their ownership interest in the underlying securities of the Internet HOLDRS and (iii) if holders of Internet HOLDRS did not surrender their HOLDRS and request delivery of the underlying securities by the Last Withdrawal Date, The Bank of New York Mellon, as Trustee of the Internet HOLDRS Trust (the “Trustee”), had the right to sell those securities and holders of Internet HOLDRS would be entitled to receive the net proceeds of such sales upon any subsequent surrender of their HOLDRS.Termination

~~The~~Pursuant ~~Internet~~to ~~HOLDRS Trust has been advised by~~ the ~~Trustee~~notice ~~that~~given iton ~~has~~November ~~decided~~22, to2011 ~~extend~~by ~~the~~Merrill ~~period~~Lynch, ~~during~~Pierce, ~~which~~Fenner ~~you~~& ~~may~~Smith ~~surrender~~Incorporated, ~~your~~as ~~Internet~~Initial ~~HOLDRS~~Depositor, ~~and~~to ~~request~~The ~~delivery~~Bank of ~~the~~New ~~underlying~~York ~~securities~~Mellon, ~~from~~as aTrustee, ~~period of four months following~~ the ~~termination date of the~~ Internet HOLDRS Trust towill abe ~~period~~terminated as of ~~12 months following~~ the ~~termination~~Trustee’s ~~date~~close of ~~the~~business ~~Internet HOLDRS Trust. In addition, the Internet HOLDRS Trust is now scheduled to terminate~~ on December 23, 2011. ~~Accordingly, the Last Withdrawal Date is now 12 months following the termination date of the Internet HOLDRS Trust, or December 24, 2012.~~

OnThe ~~December~~Trustee disseminated ~~16,~~the ~~2011,~~revised ~~Merrill~~notice ~~Lynch,~~of termination ~~Pierce,~~to ~~Fenner~~Cede & ~~Smith Incorporated~~Co., asthe ~~Initial~~sole ~~Depositor,~~owner ~~issued~~of ~~a press release regarding this change to~~ the ~~post-termination~~receipts ~~period~~issued ~~for~~by the Internet HOLDRS Trust~~. A~~, ~~copy~~on ofor ~~the~~around ~~press~~November ~~release is attached hereto as Exhibit 99.1. Exhibit 99.1 is being furnished to~~22, ~~and not filed with, the Securities and Exchange Commission~~2011.

Effect of Termination of the Internet HOLDRS Trust

The following sequence of events will take place following the termination. After the termination, the Internet HOLDRS Trust will liquidate in accordance with its Depositary Trust Agreement. Under that agreement:

No new Internet HOLDRS will be issued and trading of these HOLDRS on the NYSE Arca will be permanently suspended after the close of trading on December 23, 2011. No other listing will be made.

The Trustee will discontinue the registration of transfers of Internet HOLDRS, suspend the distribution of dividends or other distributions to owners thereof, and will not give any further notices.

During the period following the termination in which the Trustee holds the underlying securities, owners of Internet HOLDRS will have the right to withdraw the underlying securities evidenced by their Internet HOLDRS, together with any dividends or other distributions or net proceeds from the sale of any rights or other property received with respect thereto, by delivering a round-lot or an integral multiple of a round lot of Internet HOLDRS to the Trustee and paying the applicable taxes, other charges (if any) and Trustee’s fees. The Trustee has advised that the fee will be up to $10.00 for each round-lot of 100 Internet HOLDRS or portion thereof.

After a period of four (4) months following the termination, the Trustee has the right to sell the underlying securities then held by the Internet HOLDRS Trust and, when exercised, will thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it hereunder, unsegregated and without liability for interest, for the pro rata benefit of the owners of Internet HOLDRS that have not theretofore been surrendered. At such time owners of outstanding Internet HOLDRS will become general creditors of the Trustee with respect to such net proceeds. The Trustee has announced it has decided to extend the period during which owners of HOLDRS may surrender their HOLDRS and request delivery of the underlying securities from four (4) months to twelve (12) months following the termination.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

99.1 ~~Press~~Internet ~~release,~~HOLDRS Trust Prospectus Supplement dated December 1622, 2011, to Prospectus dated March 15, 2011.

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: December 16, 2011		By:	/s/ Liam B. O’Neil
Date: December 22, 2011		By:	/s/ Liam B. O’Neil
		Name:	Liam B. O’Neil
		Title:	Managing Director

EXHIBIT INDEX

Number and Description of Exhibit

(99.1) ~~Press~~Internet ~~release,~~HOLDRS Trust Prospectus Supplement dated December 1622, 2011, to Prospectus dated March 15, 2011.

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