Exhibit 16.1

March 4, 2010

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-7561

Dear Sirs/Madams:

We have read Item 4.01 of the Form 8-Ks, dated as of the date hereof, filed by Merrill Lynch Depositor, Inc. on behalf of the PreferredPLUS, PPLUS and INDEXPLUS Trust series as listed on Appendix A, and we have the following comments:

1.	We agree with the statements made in the first, second and third paragraphs.

2.	We have no basis on which to agree or disagree with the statements made in the fourth and fifth paragraphs.

Yours truly,

/s/ Deloitte & Touche LLP

New York, NY

Appendix A

Commission File #		PPLUS Trust Series


001-32364		PPLUS Trust Series GSC-3
001-32415		PPLUS Trust Series LMG-4
001-31409		PreferredPLUS Trust Series VER-1
001-31591		PPLUS Trust Series PMC-1
001-32247		PPLUS Trust Series GSC-2
001-31288		PreferredPLUS Trust Series ELP-1
001-31780		PPLUS Trust Series CSF-1
001-32018		PPLUS Trust Series TWC-1
001-16809		PreferredPLUS Trust Series LMG-2
001-32285		PPLUS Trust Series LMG-3
001-32263		PPLUS Trust Series JPM-1
001-31912		PPLUS Trust Series SPR-1
001-31595		PPLUS Trust Series VAL-1
001-32201		PPLUS Trust Series DCNA-1
001-16727		PreferredPLUS Trust Series QWS-1
001-32153		PPLUS Trust Series GSC-1
001-16453		PreferredPLUS Trust Series CCR-1
001-32142		PPLUS Trust Series CMT-1
001-16835		PreferredPLUS Trust Series ALL-1
001-16747		PreferredPLUS Trust Series CTR-1
001-16669		PreferredPLUS Trust Series CZN-1
001-31941		INDEXPLUS Trust Series 2003-1
001-31604		PPLUS Trust Series GSG-1
001-31484		PreferredPLUS Trust Series UPC-1
001-16833		PreferredPLUS Trust Series QWS-2
001-31620		PPLUS Trust Series FMC-1
001-16667		PreferredPLUS Trust Series LMG-1
001-31754		PPLUS Trust Series GSG-2
001-31488		PreferredPLUS Trust Series FAR-1
001-31520		PreferredPLUS Trust Series GEC-1
001-16569		PreferredPLUS Trust Series FRD-1
001-31587		PreferredPLUS Trust Series GRC-1

MERRILL LYNCH DEPOSITOR INC PPLUS TRUST SERIES FMC-1 8-K