June 5, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Warrant Agreement, dated as of April 26, 2004, between PPLUS Trust Certificates Series GSC-1 Trust, Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Warrant Agent, the Warrant Agent has received a notice of exercise from the holder of the Warrants to purchase the outstanding aggregate amount of the PPLUS Trust Certificates Series GSC-1. On the Exercise Date, 2,000,000 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. The funds to pay the Exercise Price have been deposited with The Bank of New York Mellon as escrow agent. On 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. The Trust holds 6.345% Capital Securities due February 15, 2034 issued by Goldman Sachs Capital I and the Underlying Securities are currently subject to a tender offer. If the Tender Offer settles and the Escrow Agent receives notice thereof from the holder of the Warrants before July 7, the "Exercise Date" will be the date that funds are received in connection with the Tender Offer and the Escrow Agent receives notice thereof from the holder of the Warrants (or the next business day if notice is received after 1:00pm New York time), otherwise the "Exercise Date" will be July 7. 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 April 26, 2004, 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.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PPLUS Class A, 6.25% Trust Certificates, PPLUS Trust Series GSC-1, stated amount $25 per certificate. The underlying securities are the 6.345% Capital Securities due 2/15/2034, issued by Goldman Sachs Capital I and guaranteed by Goldman Sachs Group Inc. (NYSE: GS). The certificates are redeemable on or after 2/15/2009 under the call warrants at $25 plus accrued and unpaid interest. Distributions of 6.25% ($1.5625) per annum are paid semi-annually on 2/15 & 8/15 to holders of record on the business day immediately prior to the payment date. The security issuer has the right, at any time, to defer interest payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). Ratings of the certificates at the IPO are A- by S&P and A1 by Moody’s. 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	6.25% $1.5625	$25.00 $25.00	Called for 7/07/2014 2/15/2034	Baa3 BB+ 4/15/2014	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

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

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Address and Phone Numbers

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