UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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

~~December~~January 214, ~~2009~~2010

Date of Report (Date of earliest event reported)

MACROSHARES HOUSING DEPOSITOR, LLC

(Depositor)

(Exact name of registrant as specified in its charter)

MacroShares Major Metro Housing Up Trust

(Issuers with respect to the Offered Securities)

Delaware (State or other jurisdiction of incorporation or organization of registrant) 333-~~151523~~151522 (Commission File Number) 26-1501411 (I.R.S. Employer Identification No.)

73 Green Tree Drive #9

Dover, DE 19904

(Address of principal executive offices)

(888) MACROS1

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last 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. below):

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

On ~~December~~ 21January 4, ~~2009~~2010, ~~a termination trigger occurred under the trust agreement for the~~ MacroShares ~~Major Metro~~ Housing Depositor UpLLC ~~Shares~~ (the ~~" Up MacroShares"~~“Depositor”)~~. Pursuant~~ ~~to Section 11.1(a)(xiii)~~announced of the ~~trust~~final ~~agreement~~distribution ~~for~~payable ~~the~~as ~~Up MacroShares,~~ a ~~termination~~result ~~trigger~~of ~~will occur if~~ the ~~amount~~liquidation of ~~cash and treasuries on deposit in~~ the MacroShares Major Metro Housing Up Trust (the “Up Trust”) orin the ~~MacroShares~~amount ~~Major~~of ~~Metro~~$21.866890 ~~Housing~~per ~~Down~~share. The ~~Trust~~distribution ~~(the~~will ~~“Down~~be ~~Trust,”~~paid ~~and together with the Down Trust,” the “Paired Trusts”) is less than fifty (50) million dollars~~ on ~~any business day and MacroShares Housing~~ ~~Depositor,~~January ~~LLC (the “Depositor”) elects~~6, in ~~its discretion, to terminate the Paired Trusts~~2010. The ~~amount~~record ~~of cash and treasuries on deposit in the Up Trust on December 21, 2009 was $10,587,338.08 and the amount of cash and treasuries on deposit on that same~~ date infor the ~~Down~~distribution ~~Trust~~ was ~~$10,587,338.08. The Depositor has elected,~~December ~~in its discretion~~31, ~~to terminate the Paired Trusts~~2009.

The ~~trust agreement~~last ~~provides~~day ~~that, following the occurrence~~ of atrading ~~termination~~for ~~trigger,~~ the Up ~~next~~Trust ~~scheduled~~was ~~distribution~~December ~~date~~28, ~~will~~2009. The beunderlying anvalue ~~"Early~~of ~~Termination Date"~~the ~~on which all outstanding~~ Up ~~MacroShares~~Trust ~~will~~was determined bebased ~~redeemed~~on atthe ~~their Per~~November ~~Share~~24, ~~Underlying~~2009 ~~Value~~release ~~(as~~of ~~defined in~~ the ~~trust~~Reference ~~agreement)~~Value as of the ~~last~~ ~~Index~~S&P/Case-Shiller ~~Publication~~Composite-10 ~~Day~~Home ~~preceding~~Price ~~such~~Index, ~~Early~~plus ~~Termination~~or ~~Date. An "Index~~minus ~~Publication~~any interest ~~Day"~~and isexpenses ~~the~~accrued ~~Business Day~~ in ~~each month on which~~ the ~~Index~~trust ~~is calculated~~ and ~~published by the Reference Index Provider~~unpaid.

~~The~~Press ~~next scheduled~~releases ~~distribution~~were ~~date~~issued ~~for~~in connection ~~the~~with Up(i) ~~MacroShares~~the isdistribution ~~December~~and ~~29,~~(ii) ~~2009, which will be~~ the ~~Early Termination Date. The~~ last day of trading, ~~for~~and ~~the~~are Upattached ~~MacroShares~~as onExhibits ~~NYSE~~99.1 ~~Arca~~and ~~will~~99.2, berespectively, ~~December~~to ~~28,~~this ~~2009~~Form 8-K.

OnItem ~~January 6, 2010, a final distribution will be made on the Up MacroShares to the holders of record of those shares as of December 31, 2009~~9. ~~This~~01 ~~final~~Financial ~~distribution~~Statements ~~will be~~and based on the underlying value of the Up MacroShares Trust. The underlying value of the trust will be determined based on the November 24, 2009 release of the Reference Value of the S&P/Case-Shiller Composite-10 Home Price Index.Exhibits

~~Authorized~~Following ~~Participants~~is ~~may~~a ~~continue~~list ~~to direct paired issuances~~ of Upexhibits ~~MacroShares~~that ~~until December~~are ~~28,~~hereby ~~2009. In~~filed ~~accordance~~as ~~with~~part ~~the trust agreement, paired optional redemptions will only be permitted if, after the redemption, the assets~~ of ~~the~~this ~~Up Trust do not fall below ten (10) million dollars.~~Form 8-K:

~~From~~Exhibit December 22, 2009 until the last trading date on December 28, 2009, the full amount of all incremental trust expenses of the Up Trust resulting from the Early Termination will be allocated to the Up MacroShares99. ~~This~~1 Press ~~action~~release ~~will~~issued ~~result~~by in the ~~reduction~~Depositor ~~in the underlying value of each Up MacroShare of approximately $0.85 to $0.90 per share above the impact~~ on ~~underlying~~ ~~value~~January ~~of daily expense accruals in effect prior to December 21~~4, ~~2009~~ 2010.

~~Attached~~Exhibit ~~here as Appendix A is the press~~ 99.2 Press release issued by the Depositor ~~announcing~~on ~~the occurrence~~December of28, ~~the termination trigger~~2009.

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.

	MACROSHARES HOUSING DEPOSITOR, LLC
	By:	/s/ Samuel Masucci, III
		Name: Samuel Masucci, III
		Title: Chief Executive Officer
Date: December 21, 2009

MACROSHARES HOUSING DEPOSITOR, LLC

By: /s/ Samuel Masucci, III

Name: Samuel Masucci, III

Title: Chief Executive Officer

Date: January 4, 2010

Appendix A

For Release – Monday, December 21st at 4:30pm

MacroShares Major Metro Housing reaches an early termination trigger

December 21, 2009 Madison, NJ – Today MacroShares Housing Depositor announced the termination of the MacroShares Major Metro Housing Up Trust (UMM) and MacroShares Major Metro Housing Down Trust (DMM) due to assets on deposit being less than $50 Million. Their respective registration statements provide for a termination when “the amount of cash and treasuries on deposit in the Up Trust and/or Down Trust is less than fifty (50) million dollars per trust on any business day and we elect, in our discretion, to terminate the paired trusts.”

UMM and DMM will continue to trade on NYSE Arca until the closing of the last day of trading, which will be December 28, 2009. On January 6, 2010, a final distribution payment will be made to the UMM and DMM shareholders of record as of December 31st based on the underlying value of the Up and Down MacroShares Trusts. The underlying value of the trusts will be determined based on the November 24, 2009 release of the Reference Value of the S&P/Case-Shiller Composite-10 Home Price Index.

MacroShares Housing Depositor, estimates that early termination expenses for UMM and DMM in connection with the early termination of the MacroShares Major Metro Housing Trusts, will range from $0.85 to $0.90 per share, based on 430,000 shares of each Trust currently outstanding. These early termination expenses, along with regular ongoing daily expenses shall be accrued ratably, commencing December 22ndh, through December 28th, the last day on which shares of each Trust will trade.

Contacts:

For general inquires, please contact 888-Macros1

For press inquiries, please contact Diane Masucci at 973-889-1973 x 103

MacroShares Housing Depositor, LLC is a Delaware limited liability company and is acting as the depositor for the MacroShares Major Metro Housing Up and Down trusts. A registration statement (including the prospectus) is on file with the Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get copies of these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

Alternatively, MacroShares Housing Depositor, LLC, any underwriter or dealer participating in the offering will arrange to send you the prospectus if you request by calling toll-free (888) Macros1 extension 200. You may also request a copy of the prospectus by accessing the MacroShares website at www.MacroShares.com.

MacroMarkets LLC is the Administrative Agent and its subsidiary, Macro Financial, LLC, is the

marketing agent for the MacroShares Trusts. Macro Financial is registered with the SEC as a broker-dealer and is a member of the Financial Industry Regulatory Authority.

Important Risks

This Information does not represent an offer to sell securities of the MacroShares Trusts and it is not soliciting an offer to buy securities of these Trusts. There can be no assurance that the Trusts will achieve their investment objectives. An investment in a MacroShare Trust involves significant risks, including the risk of loss of substantially all of your investment. There is no guarantee as to the amount of any quarterly distribution or the amount of the final distribution to shareholders. You should review the risk factors in the prospectus prior to investing in a Trust. The Trusts continuously offer shares through Authorized Participants. There is no guarantee that a market for any MacroShares will continue after this announcement. Fluctuations in the underlying value of the Trusts and other factors may affect the market price of your MacroShares investment. An investment in a MacroShares will not resemble a direct investment in the asset being tracked. The price of the asset being tracked by the Trust may be volatile. It may be difficult to predict whether in the long-term the price of the asset being tracked will reflect a generally upward or downward trend. There are risks associated with investing in a product linked to a benchmark. A substitute price may be used as the reference price of the benchmark asset.

MacroMarkets LLC and their respective affiliates do not provide tax advice. Investors are urged

to consult their tax advisor to fully understand the tax implications associated with any investment in any Trust. Investors are hereby notified that:

(A) any discussion of federal tax issues in this press release is not intended or written to be

relied upon, and cannot be relied upon by investors for the purpose of avoiding penalties that may be imposed on investors under the Internal Revenue Code;

(B) such discussion is being used in connection with the promotion or marketing by MacroShares Housing Depositor, LLC and the Trusts of the transactions or matters addressed herein; and

Additional Information about MacroShares Major Metro Housing Trusts can be found at www.MacroShares.com

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