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): ~~Janaury 15~~February 28, 2013

MERRILL LYNCH DEPOSITOR, INC.

(on behalf of PREFERREDPLUS TRUST SERIES LMG-2)

(Exact name of registrant as specified in its charter)

Delaware	001-16809	13-3891329
(State or other	(Commission	(I. R. S. Employer
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
jurisdiction of	File Number)	Identification No.)
incorporation)
One Bryant Park, 4th FL		10036
Structured Credit Trading		(Zip Code)
New York, New York
(Address of principal
executive offices)

__________________________

One Bryant Park, 4th FL New York, New York		10036
(Address of principal executive offices)		(Zip Code)

__________________________

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

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))

~~INFORMATION~~Section TO8 BEOther ~~INCLUDED IN REPORT~~Events

~~Section~~Item 18. ~~Registrant’s~~01 ~~Business~~Other ~~and Operations~~Events

~~Not~~On ~~applicable~~February 28, 2013 The Bank of New York Mellon, as Trustee for the PreferredPLUS Trust Series LMG-2 Trust (the “Trust”), issued a press release regarding the receipt of a notice from the Depositor that the Depositor recently determined that the Underlying Securities Issuer of Concentrated Underlying Securities, Liberty Media, LLC ceased to be a reporting company under the Exchange Act in 2009. A Form 15 “Certification and Notice of Termination of Registration under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Section 13 and 15(d) of the Securities Exchange Act of 1934” was filed for Liberty Media, LLC, the Underlying Securities Issuer in connection with the PreferredPLUS Trust Certificates Series LMG-2 trust, on December 2, 2009. This requires termination of the trust. A copy of the press release is attached as Exhibit 99.1 hereto.

~~Section 2. Financial Information~~SIGNATURES

~~Not~~Pursuant ~~applicable~~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.

~~Section~~Date: ~~3. Securities~~February ~~and~~28, ~~Trading Markets~~2013

~~Not~~MERRILL ~~applicable~~LYNCH DEPOSITOR, INC. By: /s/ John Marciano Name: John Marciano Title: Vice President

~~Section~~EXHIBIT ~~4. Matters Related to Accountants and Financial Statements~~INDEX

~~Not~~Exhibit ~~applicable~~99.1Press Release, dated February 28, 2013

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 PreferredPLUS Trust Certificates Series LMG-2 on January 15, 2013.

For information with respect to the underlying securities held by PreferredPLUS Trust Series LMG-2, please refer to Liberty Media Corporation’s (Commission file number 000-51990) 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.

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 you were investing 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.

(d) Exhibits.

99.1 Trustee’s report in respect of the Janaury 15, 2013 distribution to holders of the PreferredPLUS Trust Certificates Series LMG-2.

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: Janaury 23, 2013	By:	/s/ John Marciano
	Name:	John Marciano
	Title:	Vice President

EXHIBIT INDEX

99.1 Trustee’s report in respect of the January 15, 2013 distribution to holders of the PreferredPLUS Trust Certificates Series LMG-2.

Filing Compare · MERRILL LYNCH DEPOSITOR INC PREFERREDPLUS TRUST SERIES LMG-2