Feb. 18, 2014 -- NOTICE IS HEREBY GIVEN that, pursuant to the terms of the Series Supplement dated October 9, 2001, which incorporates the terms of the Standard Terms for Trust Agreements, dated as of February 20, 1998, between Merrill Lynch Depositor, Inc., as Depositor and The Bank of New York Mellon, as Trustee, the Trustee has not received a notice of exercise from the holder of the warrants to purchase the outstanding PreferredPLUS Trust Series QWS-1 securities. Under the terms of the Trust Agreement, if the Call Holder chooses not to exercise the Call Rights within 10 days after notice is given, the Trustee will, subject to appropriate minimum denominations of the Underlying Securities, distribute a principal amount of Underlying Securities equal to the stated amount of outstanding Trust Certificates and a pro rata portion of the Related Assets to each Certificateholder's last address as it appears in the Certificate Register. The Trustee will immediately direct the Market Agent to sell all Underlying Securities not so distributed and a pro rata portion of the Related Assets held by the Trust, and any liquidation proceeds shall be deposited into the Certificate Account for distribution to Certificateholders. The Underlying Securities and the proceeds will be distributed on or about February 24, 2014. To receive this distribution, you must surrender your Securities to the Trustee at the following address: By Mail or Hand Delivery The Bank of New York Mellon 111 Sanders Creek Parkway East Syracuse, New York 13057 Attn: Debt Processing Group. The method of delivery of the Securities to the Trustee is at your option and risk, but, if mail is used, registered mail is suggested. The distribution will be remitted promptly following the receipt of the Securities by the Trustee. 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 Trustee has the correct taxpayer identification number (social security or employer identification number) or exemption certificate of the payee. Certificateholders of the Securities who have questions or wish to discuss this notice 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, 7.75% Trust Certificates, PreferredPlus Trust Series QWS-1, stated amount $25 per certificate, underlying securities are the 7.75% Notes due 2/15/2031, issued by Qwest Capital Funding Inc., a 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 (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Cumulative distributions of 7.75% ($1.9375) 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. 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 Moody’s. See the IPO prospectus for further information on the PreferredPlus 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	7.75% $1.9375	$25.00 $25.00	Called for 2/24/2014 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