Feb. 18, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of December 20, 2001, between PreferredPLUS Trust Certificates Series QWS-2 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, pursuant to Section 2.02(a) of the Agreement, the Warrant Agent has received a notice of exercise from the holder of the warrants to purchase all of the outstanding aggregate amount of the PreferredPLUS Trust Certificates Series QWS-2. The date fixed for the exercise is February 21, 2014. On the Exercise Date, 1,550,000 of the Securities will become due and payable at an exercise price equal to $25.00 for each security being exercised plus accrued and unpaid interest up to, but excluding, the Exercise Date. From and after the Exercise Date, the Securities being exercised will cease to bear interest, and your only remaining right is to receive payment of the Exercise Price upon surrender of the Securities to the Warrant Agent. Please be advised that the Certificateholders, by their acceptance of Securities, covenanted and agreed to tender any and all Securities to the Warrant Agent upon the holder's exercise of Warrants and deposit of the Exercise Price with The Bank of New York Mellon, as Escrow Agent for such Securities in accordance with the applicable procedures in the Agreement. Your rights under the Standard Terms for Trust Agreements, dated February 20, 1998 and together with the Series Supplement, dated December 20, 2001, and the Securities are limited by the terms, provisions and conditions of the Trust Agreement and the Warrant Agreement with respect to the exercise of the Warrants by the holder. To receive payment of the Exercise Price for the Securities held by you, you must surrender your Securities to the Warrant Agent at the following address: By Mail or Hand DeliveryThe Bank of New York Mellon111 Sanders Creek ParkwayEast Syracuse, New York 13057Attn: Debt Processing Group. The method of delivery of the Securities to the Warrant Agent is at your option and risk, but, if mail is used, registered mail is suggested. Payment of the Exercise Price will be remitted promptly following the Exercise Date and the receipt of the Securities by the Warrant Agent. Withholding of 28% of gross redemption proceeds of any payment made within the United States may be required by the Jobs and Growth Tax Relief Reconciliation Act of 2003, unless the Warrant Agent has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Please furnish a properly completed Form W-9 or exemption certificate or equivalent when presenting your securities. Certificateholders of the Securities who have questions or wish to discuss the exercise may contact The Bank of New York Mellon, 101 Barclay Street, New York, New York 10286, Bondholder Relations (800) 254-2826.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PreferredPlus 8.00% Trust Certificates, $25 stated value, PreferredPlus Trust Series QWS-2, underlying securities are the 7.75% Notes due 2/15/2031, issued by Qwest Capital Funding, Inc. (formerly US West Capital Funding Inc), a wholly owned subsidiary of Qwest Communications Intl Inc. (NYSE: Q), and redeemable on or after 2/15/2007 under the call warrants at $25 plus accrued and unpaid interest. Distributions paid semi-annually on 2/15 & 8/15 to holders of record on the 1st business day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by third party trust preferred securities derived from corporate debt securities such as these securities are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders as the distributions are considered to be interest. Ratings of the certificates at the IPO are BBB+ by S&P and Baa1 by Moodys. See the IPO prospectus for further information on the PPLUS Certificates and the call warrant provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.00% $2.00	$25.00 $25.00	Called for 2/21/2014 2/15/2031	Ba1 BB 10/09/2013	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.ml.com/ (This parent company URL is for reference only and does not have specific information on the security.)

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Address:   World Financial Center, North Tower, New York, NY 10281
Main Phone Number	212-449-1000
Fax Number	Not Available