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): ~~July~~August 317, 2009

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

Delaware
(State or other
jurisdiction of
incorporation)

001-16835
(Commission
File Number)

13-3891329
(I. R. S. Employer
Identification No.)

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

10080
(Zip Code)

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

Not applicable.

Section 2. Financial Information

Not applicable.

Section 3. Securities and Trading Markets

Not applicable.

Section 4. Matters Related to Accountants and Financial Statements

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

~~On July 3, 2009, The Bank of New York Mellon, as trustee (the “Trustee”) for PREFERREDPLUS Trust Series ALL-~~99.1 ~~(the~~Distribution ~~“Trust”), received~~to aholders ~~notice~~ of ~~liquidation of AFC Capital Trust I,~~ the ~~underlying~~ ~~securities~~PreferredPLUS ~~issuer with respect to PREFERREDPLUS~~ Trust Certificates Series ALL-1~~, effective~~ ~~July~~on ~~30,~~August ~~2009~~17, ~~and the distribution of 8~~2009.207% Junior Subordinated Deferrable Interest Debentures due February 3, 2027 (the “Debentures”) of The Hanover Insurance Group, Inc. in exchange for the underlying securities issuer’s 8.207% Series B Capital Securities (“Capital Securities”) that currently comprise the underlying securities held by the Trust.

~~From and~~For ~~after~~information with respect to the ~~exchange~~underlying ofsecurities ~~Debentures~~held ~~for~~by ~~Capital Securities~~PreferredPLUS Trust Series ALL-1, please refer to The Hanover Insurance Group, Inc.’s (Commission file number 001-13754) periodic reports, including annual reports on ~~July 30~~Form 10-K, ~~2009~~quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the ~~underlying~~Securities ~~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 ~~Trust~~SEC’s ~~will~~Public beReference ~~comprised~~ Section of the ~~Debentures,~~SEC ~~and~~at ~~The Hanover~~100 ~~Insurance~~F ~~Group~~Street, ~~Inc~~NE, Washington, D.C. ~~will~~20549. be You may obtain information about the ~~underlying securities~~operation ~~issuer~~of the Public Reference Room by calling the SEC at 1-800-SEC-0330. ~~The~~You ~~rights~~can also access some of ~~holders~~this information electronically by means of ~~PREFERREDPLUS Trust~~ ~~Certificates~~the ~~Series~~SEC’s ~~ALL-1~~website ~~and~~on the ~~terms~~Internet at http://www.sec.gov, which contains reports, proxy and ~~conditions~~ ofinformation statements and other information that the ~~trust~~underlying ~~certificates~~securities ~~will~~issuer ~~otherwise~~has ~~remain unchanged.~~filed electronically with the SEC.

~~For information~~Although ~~with~~we ~~respect~~have no reason to believe the information concerning the underlying securities ~~held~~or ~~by PreferredPLUS~~the ~~Trust~~underlying ~~Series~~securities ~~ALL-1, please~~issuer ~~refer~~contained toin ~~The~~the ~~Hanover Insurance~~underlying ~~Group,~~securities ~~Inc.~~issuer’s ~~(Commission~~ ~~file~~Exchange ~~number~~Act ~~001-13754) periodic~~ reports~~, including~~ ~~annual~~is ~~reports~~not onreliable, ~~Form~~neither ~~10-K,~~the ~~quarterly~~depositor ~~reports on~~nor ~~Form~~the ~~10-Q~~trustee ~~and~~participated ~~current~~in ~~reports~~the onpreparation ~~Form~~of ~~8-K~~such documents, ~~and~~or ~~other information~~made onany ~~file~~due ~~with~~diligence ~~the~~inquiry ~~Securities~~with ~~and~~respect ~~Exchange Commission~~to (the ~~“SEC”)~~information provided therein. ~~You~~No ~~can~~investigation ~~read~~with ~~and~~respect ~~copy~~to ~~these reports~~the ~~and~~underlying ~~other~~securities ~~information~~issuer at(including, ~~the~~without ~~public~~limitation, ~~reference facilities~~no ~~maintained~~investigation byas ~~the~~to ~~SEC~~their atrespective ~~Room~~financial ~~1580,~~condition ~~100~~or ~~F Street,~~creditworthiness) ~~NE,~~or ~~Washington,~~of ~~D.C.~~the ~~20549~~underlying securities has been made. You ~~may~~should obtain ~~copies of~~and ~~this~~evaluate ~~material~~the ~~for~~same ainformation ~~fee~~concerning bythe ~~writing~~underlying tosecurities ~~the~~issuer ~~SEC’s~~as ~~Public Reference~~you ~~Section~~would ofobtain and evaluate if you were investing directly in the ~~SEC~~underlying atsecurities ~~100~~or Fin ~~Street,~~other ~~NE, Washington,~~securities ~~D.C.~~issued ~~20549~~by the underlying securities issuer. ~~You~~There ~~may~~can ~~obtain~~be ~~information~~no ~~about~~ assurance that events affecting the ~~operation~~underlying ofsecurities and the ~~Public~~underlying ~~Reference~~securities ~~Room~~issuer byhave ~~calling~~not ~~the SEC~~occurred ator ~~1-800-SEC-0330.~~have ~~You~~not ~~can~~yet ~~also~~been ~~access~~publicly ~~some~~disclosed which would affect the accuracy or completeness of ~~this information~~ the publicly available documents described above.

~~electronically~~Section ~~by means of the SEC’s website on the Internet at http://www~~9.~~sec.gov, which contains~~ ~~reports,~~ Financial ~~proxy~~Statements and ~~information~~Exhibits statements and other information that the underlying securities guarantor and the underlying securities issuer has filed electronically with the SEC.

~~Although we~~ Item have no reason to believe the information concerning the underlying securities, the junior subordinated debentures and the underlying guarantee or the underlying securities issuer and the underlying securities guarantor contained in the underlying securities guarantor’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. ~~No investigation with respect to the~~01 ~~underlying~~ Financial ~~securities~~Statements issuer or the underlying securities guarantor (including, without limitation, no investigation as to their respective financial condition or creditworthiness) or of the underlying securities, the junior subordinated debentures or the underlying guarantee has been made. You should obtain and ~~evaluate~~Exhibits the same information concerning the underlying securities issuer and the underlying securities guarantor 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 or the underlying securities guarantor. There can be no assurance that events affecting the underlying securities, the junior subordinated debentures and the underlying guarantee or the underlying securities issuer and the underlying securities guarantor have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.

(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 August 17, 2009 distribution to holders of the PreferredPlus Trust Certificates Series ALL-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.

	MERRILL LYNCH DEPOSITOR, INC.

Date: August 27, 2009	By:	/s/ Steven O’Neill

	Name:	Steven O’Neill
	Title:	Director

~~Date: July~~EXHIBIT ~~9th,~~INDEX ~~2009~~

~~By:~~99.1 /Trustee’s/ ~~Steven~~report ~~O’Neill~~in ~~Name:~~respect ~~Steven~~of ~~O’Neill~~the ~~Title:~~August ~~Director~~17, 2009 distribution to holders of the PreferredPLUS Trust Certificates Series ALL-1.

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