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): ~~March~~April 2725, 2013

MERRILL LYNCH DEPOSITOR, INC.

(on behalf of ~~PREFERREDPLUS~~PPLUS TRUST SERIES GSG-1)

(Exact name of registrant as specified in its charter)

Delaware	001-~~16809~~31604	13-3891329
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other	(Commission	(I. R. S. Employer
jurisdiction of	File Number)	Identification No.)
incorporation)

One Bryant Park, 4th FL New York, New York		10036
One Bryant Park, 4th FL		10036
(Address of principal executive offices)		(Zip Code)
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 81. Registrant’s ~~Other~~Business ~~Events~~and Operations

~~Item~~Not 8applicable.~~01 Other Events~~

OnSection March 27, 2013 The Bank of New York Mellon, as Trustee for the PreferredPLUS Trust Series GSG-1 Trust (the “Trust”), issued two press releases regarding the receipt of a notice of intended exercise on April 25, 2013 (the “Exercise Date”), of 100% of the outstanding Warrants representing the right to acquire (a) 5,360,000 of the Class A Trust Certificates at an exercise price equal to $25 for each security being exercised plus accrued and unpaid interest up to, but excluding the Exercise Date and (b) 5,360,000 of the Class B Trust Certificates at an exercise price equal to the sum of the present values, discounted at a rate of 62.~~125%,~~ Financial of the unpaid payments due, or to become due, in respect of the distributions to be made to the Class B Certificateholders by the Trust on or after the Exercise Date. A copy of each of the press releases is attached as Exhibit 99.1 hereto.Information

~~SIGNATURES~~Not applicable.

~~Pursuant~~Section ~~to the requirements of the~~ 3. Securities ~~Exchange~~and ~~Act~~Trading ~~of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.~~Markets

~~Date:~~Not ~~March 27, 2013~~applicable.

~~MERRILL~~Section ~~LYNCH~~4. Matters ~~DEPOSITOR,~~Related ~~INC.~~to Accountants and Financial Statements

~~By:/s/~~Not ~~John Marciano~~ applicable.

~~Name:John~~Section ~~Marciano~~5. Corporate Governance and Management

~~Title:Vice~~Not ~~President~~applicable.

~~EXHIBIT~~Section ~~INDEX~~6. Asset-Backed Securities

~~Exhibit~~Not 99applicable.~~1Two Press Releases, dated March 27, 2013~~

Section 7. Regulation FD

Not applicable.

Section 8. Other Events

Item 8.01 Other events

99.1

Exercise of call warrants and final distributions to holders of the PPLUS Trust Certificates Series GSG-1 on April 25, 2013

On April 25 2013 a holder of the call warrants for PreferredPLUS Trust Certificates Series GSG-1 exercised its warrants. Distributions are set forth on Exhibit 99.1.

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 April 25, 2013 distribution to holders of the PPLUS Trust Certificates Series GSG-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: April 30, 2013	By:	/s/ John Marciano
	Name:	John Marciano
	Title:	Vice President

EXHIBIT INDEX

99.1

Trustee’s report in respect of the April 25, 2013 distribution to holders of the PPLUS Trust Certificates Series GSG-1.

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