A QOL user has informed us that PPB has been called on 3/7/2007. We can find no information to confirm the call but assume that the call information is correct.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Merrill Lynch Depositor Inc., PreferredPlus Class A, 7.30% Trust Certificates, PreferredPlus Trust Series BLS-1, stated amount $25 per certificate, underlying securities are the 7.00% Debentures due 12/01/2095, issued by BellSouth Telecommunications Inc. and guaranteed by BellSouth Corp. (NYSE: BLS), redeemable on or after 5/06/2006 under the call warrants at $25 plus accrued and unpaid interest, distributions of 7.30% ($1.825) per annum are paid semi-annually on 6/1 & 12/1 to holders of record on 5/15 & 11/15 respectively. 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 AA- by S&P and Aa2 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	7.30% $1.825	$25.00 $25.00	Called for 3/07/2007 12/01/2095	A2 A 1/30/2006	6/1 & 12/1 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 and Phone Numbers

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