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~~May 12, ~~2010~~2011 MERRILL LYNCH DEPOSITOR, INC. (on behalf of PREFERREDPLUS TRUST SERIES FRD-1) (Exact name of registrant as specified in its charter)

MERRILL LYNCH DEPOSITOR, INC. (on behalf of PREFERREDPLUS TRUST SERIES FRD-1) (Exact name of registrant as specified in its charter)


Delaware	001-16569	13-3891329
(State or other	(Commission	(I. R. S. Employer
jurisdiction of	File Number)	Identification No.)
incorporation)

World Financial Center,		10080
New York, New York		(Zip Code)
(Address of principal
executive offices)

Delaware	001-16569	13-3891329
(State or other	(Commission	(I. R. S. Employer
jurisdiction of	File Number)	identification No.)
incorporation)
World Financial Center,		10080
New York, New York		(Zip Code)
(Address of principal
executive offices)

_________________________

Registrant’s telephone number, including area code: (212) 449-1000

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 Operations
Section 1. Registrant’s Business and Operations
Not applicable.	~~Not applicable.~~
Section 2.	Financial Information
Section 2. Financial Information
Not applicable.	~~Not applicable.~~
Section 3.	Securities and Trading Markets
Section 3. Securities and Trading Markets
Not applicable.	~~Not applicable.~~
Section 4.	Matters Related to Accountants and Financial Statements
Section 4. Matters Related to Accountants and Financial Statements
Not applicable.	~~Not applicable.~~
Section 5.	Corporate Governance and Management
Section 5. Corporate Governance and Management
Not applicable.	~~Not applicable.~~
Section 6.	Asset-Backed Securities
Section 6. Asset-Backed Securities
Not applicable.	~~Not applicable.~~
Section 7.	Regulation FD
Section 7. Regulation FD
Not applicable.	~~Not applicable.~~
Section 8.	Other Events
Section 8. Other Events
Item 8.01	Other events
99.1	Distribution to holders of the PreferredPLUS Trust Certificates Series FRD-1 on May 2, 2011.
	For information with respect to the underlying securities held by PreferredPLUS Trust Series FRD-1, please refer to Ford Motor Company’s (Commission file number 001- 03950) 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 websi te 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.

Item 8.01		Other events
	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 af fecting 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.
99.1		Distribution to holders of the PreferredPLUS Trust Certificates Series FRD-1 on November 1, 2010.
Section 9. Financial Statements and Exhibits
		For information with respect to the underlying securities held by PreferredPLUS Trust Series FRD-1, please refer to Ford Motor Company’s (Commission file number 001-03950) 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.
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 May 2, 2011 distribution to holders of the PreferredPLUS Trust Certificates Series FRD-1

		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 November 1, 2010 distribution to holders of the PreferredPLUS Trust Certificates Series FRD-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: November 9, 2010	By: /s/ Steven O’Neill
Date: May 3, 2011	By:	/s/ John Marciano
	Name: Steven O’Neill
	Name:	John Marciano
	Title: Director
	Title:	Vice President

EXHIBIT INDEX

99.1 Trustee’s report in respect of the ~~November~~May 12, ~~2010~~2011 distribution to holders of the PreferredPLUS Trust Certificates Series FRD-1.

Filing Compare · MERRILL LYNCH DEPOSITOR INC PREFERREDPLUS TRUST SERIES FRD 1