EXHIBIT 99.1

DISTRIBUTION REPORT

FOR

PREFERREDPLUS TRUST SERIES VER-1

DISTRIBUTION DATE

December 2, 2013

CLASS A CUSIP NUMBER 740434717

CLASS B CUSIP NUMBER 740434691

(i)	the amounts received by the Trustee as of the last such statement in respect of principal, interest and premium on the Verizon Global Funding Corp. 7.75% Notes due 2030 (the “Underlying Securities”):

		Interest:	$2,131,250.00
		Principal:	0.00
		Premium:	0.00

(ii)

the amounts of compensation received by the Trustee for the period relating to such Distribution Date:

		Paid by the Trust:	$0.00
		Paid by the Depositor:	$3,750.00

(iii)

the amount of distribution on such Distribution Date to Holders allocable to principal of and premium, if any, and interest on the Certificates of each such Class and the amount of aggregate unpaid interest accrued as of such Distribution Date:

Class A:
	Interest:	$ 2,096,875.00
	Principal:	$0.00

	Unpaid Interest Accrued:	$0.00

Class B:
	Interest:	$34,375.00
	Principal:	$0.00

	Unpaid Interest Accrued:	$0.00

(iv)

the aggregate stated principal amount and, if applicable, notional amount of the Underlying Securities related to such Series, the current interest rate or rates thereon at the close of business on such Distribution Date and the current rating assigned to the Certificates and the Underlying Securitiesⁱ

		Principal Amount:	$55,000,000
		Interest Rate:	7.75%
		Rating of Certificates:

		Moody’s Investor Service	Baa1
		Standard & Poor’s Rating Service	BBB+

Rating of Underlying Securities:

		Moody’s Investor Service	Baa1
		Standard & Poor’s Rating Service	BBB+

¹ The rating assigned to the Underlying Securities has changed since the last distribution report for Preferred Plus Trust Series VER-1.

(v)

the aggregate Certificate Principal Balance (or Notional Amount, if applicable) of each Class of such Series at the close of business on such Distribution Date.

		Class A: ($25 Stated Amount)
		Principal Balance:	$55,000,000.00
		Reduction:	(0.00)
		Principal Balance 12/02/13:	$55,000,000.00

		Class B: ($25 Stated Amount)
		Principal Balance:	$55,000,000.00
		Reduction:	(0.00)
		Principal Balance 12/02/13:	$55,000,000.00

MERRILL LYNCH DEPOSITOR INC PREFERREDPLUS TRUST SERIES VER-1 8-K