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): ~~August~~ February 1, ~~2012~~2013

MERRILL LYNCH DEPOSITOR, INC.

(on behalf of PPLUS TRUST SERIES LMG-3)

(Exact name of registrant as specified in its charter)

Delaware	001-32285	13-3891329
(State or other	(Commission	(I. R. S. Employer
jurisdiction of	File Number)	Identification No.)
incorporation)
One Bryant Park, 4th FL		10036
Structured Credit Trading		(Zip Code)
New York, NY
(Address of principal
executive offices)

One Bryant Park, 4^th FL	10036
Structured Credit Trading	(Zip Code)
New York, NY
(Address of principal
executive offices)

__________________________

Registrant’s telephone number, including area code: (646) 855-6745

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 Not applicable.

Section 2. Financial Information Not applicable.

Section 2 3. ~~Financial Information~~ Securities and Trading Markets Not applicable.

Section 4. Matters Related to Accountants and Financial Statements Not applicable.

Section 3 5. ~~Securities~~ Corporate Governance and ~~Trading~~Management ~~Markets~~Not applicable.

Section 6. Asset-Backed Securities Not ~~applicable~~ Applicable.

Section 4 7. ~~Matters Related~~ toRegulation ~~Accountants~~FD ~~and~~Not ~~Financial Statements~~applicable.

Not applicable.

Section 5. Corporate Governance and Management

Not applicable.

Section 6. Asset-Backed Securities

Not applicable.

Section 7. Regulation FD

Not applicable.

Section 8.

Other Events

Item 8.01 Other events

99.1 Distribution to holders of the PPLUS Trust Certificates Series LMG-3 on ~~August~~February 1, ~~2012~~2013. For information with respect to the underlying securities held by PPLUS Trust Series LMG-3, please refer to the Liberty Media Corporation’s (Commission file number 001-16615) 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.

~~For information~~Although ~~with~~we ~~respect~~have no reason to believe the information concerning the underlying securities ~~held~~or bythe ~~PPLUS~~underlying ~~Trust~~securities ~~Series LMG-3,~~issuer ~~please~~contained ~~refer~~in to the ~~Liberty~~underlying ~~Media Corporation~~securities issuer’s ~~(Commission~~Exchange ~~file~~Act ~~number~~reports ~~001-16615)~~is ~~periodic~~not ~~reports~~reliable, ~~including~~neither ~~annual reports~~the ondepositor ~~Form~~nor ~~10-K,~~the ~~quarterly~~trustee ~~reports~~participated onin ~~Form~~the ~~10-Q~~preparation ~~and~~of such ~~current~~documents ~~reports~~or onmade ~~Form~~any ~~8-K,~~due ~~and~~diligence ~~other~~inquiry ~~information~~with onrespect ~~file~~to ~~with~~ the ~~Securities and~~information ~~Exchange~~provided ~~Commission (the “SEC”)~~therein. ~~You~~No ~~can~~investigation ~~read~~with ~~and~~respect to ~~copy~~the ~~these~~underlying ~~reports~~securities ~~and~~issuer ~~other~~(including, ~~information~~without atlimitation, ~~the~~no ~~public~~investigation ~~reference facilities~~as ~~maintained~~to byits ~~the~~financial ~~SEC~~condition ator ~~Room 1580,~~creditworthiness) or ~~100~~of Fthe ~~Street,~~underlying ~~NE,~~securities ~~Washington,~~has ~~D.C.~~been ~~20549~~made. You ~~may~~should obtain ~~copies~~and ofevaluate ~~this material for a fee by writing to~~ the ~~SEC’s~~same ~~Public~~information ~~Reference~~concerning ~~Section of~~ the ~~SEC~~underlying atsecurities issuer ~~100~~as Fyou ~~Street,~~would ~~NE,~~obtain ~~Washington,~~and ~~D.C.~~evaluate ~~20549.~~if ~~You~~your ~~may obtain~~investment ~~information~~were ~~about~~directly in the ~~operation~~underlying ofsecurities ~~the~~or ~~Public~~in ~~Reference~~other ~~Room~~securities issued by ~~calling~~ the ~~SEC~~underlying atsecurities ~~1-800-SEC-0330~~issuer. ~~You~~There can ~~also~~be ~~access some~~no ofassurance ~~this~~that ~~information~~events ~~electronically~~affecting ~~by means of~~ the ~~SEC’s~~underlying ~~website~~securities onor the ~~Internet~~underlying securities atissuer ~~http://www.sec.gov,~~have ~~which~~not ~~contains reports,~~occurred ~~proxy~~or ~~and~~have ~~information~~not ~~statements~~yet ~~and~~been ~~other~~publicly ~~information~~disclosed ~~that~~which ~~the~~would ~~underlying~~affect ~~securities~~the ~~issuer~~accuracy ~~has~~or ~~filed~~completeness ~~electronically~~of ~~with~~ the ~~SEC~~publicly available documents described above.

~~Although we~~Section 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 therein9. Financial NoStatements 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.Exhibits

~~Section~~Item 9. 01 Financial Statements and Exhibits

~~Item~~(a) ~~9.01~~ Financial ~~Statements~~ ~~and~~statements ~~Exhibits~~of business acquired.

~~(a)~~Not ~~Financial statements of business acquired~~Applicable.

~~Not Applicable~~(b) Pro forma financial information.

~~(b)~~Not ~~Pro forma financial information~~Applicable.

~~Not Applicable~~(c) Shell company transactions.

~~(c)~~Not ~~Shell Company transactions~~Applicable.

~~Not applicable~~(d) Exhibits.

~~(d)~~99.1 ~~Exhibits~~Trustee’s report in respect of the February 1, 2013 distribution to holders of the PPLUS Trust Certificates Series LMG-3.

~~99.1 Trustee’s report in respect of the August 1, 2012 distribution to holders of the PPLUS Trust Certificates Series LMG-3.~~SIGNATURES

~~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.

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: February 7, 2013	By:	/s/ John Marciano
	Name:	John Marciano
	Title:	Vice President

	MERRILL LYNCH DEPOSITOR, INC.
Date: August 8, 2012	By:	/s/ John Marciano
	Name:	John Marciano
	Title:	Vice President

EXHIBIT INDEX

~~EXHIBIT INDEX~~99.1 Trustee’s report in respect of the February 1, 2013 distribution to holders of the PPLUS Trust Certificates Series LMG-3.

99.1 Trustee’s report in respect of the August 1, 2012 distribution to holders of the PPLUS Trust Certificates Series LMG-3.

Filing Compare · PPLUS Trust Series LMG-3