Merrill Lynch Depositor Inc.

Merrill Lynch Depositor Inc. is listed on NYSE (PPB). For information with respect to the underlying securities held by PreferredPLUS Trust Series BLS-1, please refer to Bellsouth Telecommunications, Inc.s (Commission file number 001-01049) periodic reports, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and other information on file with the Securities and Exchange Commission (the SEC). You can read and copy these reports and other information at the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, NW, Washington, D.C. 20549. You may obtain copies of this material for a fee by writing to the SECs Public Reference Section of the SEC at 450 Fifth Street, NW, Washington, D.C. 20549.

MERRILL LYNCH PFD CAP TR V

MERRILL LYNCH PFD CAP TR V is listed on NYSE (MER-F). Merrill Lynch Preferred Capital Trust V (the Trust) is a statutory business trust formed under the Delaware Business Trust Act, as amended, pursuant to a declaration of trust and the filing of a certificate of trust with the Secretary of State on January 8, 1998, which was subsequently amended by an amended and restated declaration of trust dated as of October 29, 1998. Merrill Lynch & Co., Inc. (Merrill Lynch) is the sole owner of the Trust common securities. The Trust exists for the exclusive purposes of (i) issuing trust securities, consisting of 7.28% Trust Originated Preferred Securities (the TOPrS) and trust common securities (the Trust Common Securities), representing undivided beneficial ownership interests in the assets of the Trust, (ii) investing the gross proceeds of the trust securities in 7.28% Partnership Preferred Securities (the Partnership Preferred Securities) issued by Merrill Lynch Preferred Funding V, L.P.

Income Opportunity Realty Trust ..a corporation, is the successor to a California business trust organized on December 14, 1984, which commenced operations on April 15, 1985. Prior to ..

National Medical Health Card Systems Inc. ..e read in conjunction with the information elsewhere in this Form 10-K. References in this Form 10-K to we, our, us, or the Company, refer to NMHC. Ge..

Neurocrine Biosciences Inc. ..rugs for the treatment of neurological and endocrine-related diseases and disorders. Our product candidates address some of the largest pharmaceutical..

Nutrition 21 Inc. .. the research, development and commercialization of innovative chromium-based nutrition products for use in improving the structure or function of the..

Nyer Medical Group Inc. ..corporated in 1991, is a holding company with operations in the following segments: Pharmacies. D.A.W., Inc. (Eaton or D.A.W.), 80% owned by the Compa..

Old Line Bancshares Inc. (MD) ..he laws of the State of Maryland on April 11, 2003 to serve as the holding company of Old Line Bank. On May 22, 2003, the stockholders of Old Line Ban..

One Liberty Properties Inc. ..com. Our annual reports on Form 10-K, our quarterly reports on Form 10-Q and our periodic reports on Form 8-K (and any amendments to these reports) ar..

Orix Corp Ads ..ion (kabushiki kaisha) formed under Japanese law. Our principal place of business is at Mita NN Bldg., 4-1-23 Shiba, Minato-ku, Tokyo 108-0014, Japan,..

Mikron Infrared Inc. ..infrared non-contact temperature measurement since 1969. Today, we provide industrial customers and R&D laboratories with accurate instrumentation ran..

Pharmos Corporation ..cal company that discovers and develops new drugs to treat a range of neuro-inflammatory disorders. We have a portfolio of drug candidates under devel..

Southern Peru Copper Corporation ..rates mining, smelting and refining facilities in the southern part of Peru. The Company, incorporated in 1952 was reorganized in 1955, 1996 and 1998 ..

Pfeiffer Vacuum Technology AG ..y AG is domiciled at Berliner Strasse 43, D-35614 Asslar, Germany; telephone: +49-(0)6441-802-0, fax: +49-(0)6441-802-202, http:-www.pfeiffer-vacuum.n..

Pharmaceutical Product Development Inc. .. and development services and products to pharmaceutical, biotechnology and medical device companies. Our corporate mission is to help clients maximiz..

Photon Dynamics Inc. ..ornia corporation incorporated on May 12, 1986. We are a leading global provider of yield management solutions to the flat panel display industry. Our..

Polydex Pharmaceuticals Limited .. research, development, manufacture and marketing of biotechnology-based products for the human pharmaceutical market, and also manufactures bulk phar..

Pinnacle West Capital Corporation ..aws of the State of Arizona and owns all of the outstanding equity securities of APS, its major subsidiary. APS is a vertically-integrated electric ut..

ProCentury Corporation ..y property and casualty insurance holding company. We market and underwrite general liability, commercial property, multi-peril insurance and garage l..

Psychemedics Corporation ..n organized on September 24, 1986 to provide testing services for the detection of abused substances through the analysis of hair samples. The Company..

Performance Technologies Incorporated ..ier of platforms, components, software, and service solutions for the embedded systems marketplace that can be used in a broad range of applications a..

Parkway Properties Inc. ..e investment trust (REIT) specializing in the operations, acquisition, ownership, management, and leasing of office properties. The Company is self-ad..

Queenstake Resources Ltd ..tory Effective with the Santa Cruz business combination in July, 1999 (see Corporate Structure - Name and Incorporation), the Company acquired Santa C..

Red Hat Inc. ..perating systems and related software and services based on open source technology for large enterprises. First introduced in 2002, Red Hat Enterprise..

REMINGTON OIL & GAS CORP .. on Form 10-Q, Current Reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Ex..

RIT Technologies Ltd. ..chnologies Ltd. was incorporated in Israel and commenced operations in 1989. We are a company limited by shares and operate under Israeli law. The pri..

Arbinet-thexchange Inc. ..routing and settling communications capacity. Members of our exchange, consisting primarily of communications services providers, anonymously buy and ..

Rock-Tenn Company .. or Rock-Tenn refers to the business of Rock-Tenn Company and its consolidated subsidiaries, including RTS Packaging, LLC, which we refer to as RTS an..

Rio Vista Energy Partners L.P. ..ware limited partnership, was formed by Penn Octane Corporation (Penn Octane) on July 10, 2003 and was a wholly owned subsidiary of Penn Octane until ..

Sandy Spring Bancorp Inc. ..g company for Sandy Spring Bank. The Company is registered as a bank holding company pursuant to the Bank Holding Company Act of 1956, as amended (the..

SciClone Pharmaceuticals Inc. ..cal company engaged in the development and commercialization of therapeutics to treat life-threatening diseases. Our lead product ZADAXIN is currently..

Spirit Finance Corporation ..d our company refer to Spirit Finance Corporation, a Maryland corporation, and our subsidiaries, unless the context indicates otherwise. We are a self..

Superior Well Services Inc. ..n 2005 to serve as the parent holding company for an oilfield services business operating under the Superior Well Services name since 1997. In August ..

Schering Aktiengesellschaft .. research-based company engaged in the discovery, development, manufacture, marketing and sale of pharmaceutical products. We currently operate eight ..

Skyline Corporation .. Indiana in 1959, as successor to a business founded in 1951. Skyline Corporation and its consolidated subsidiaries design, produce and distribute ma..

CanArgo Energy Corporation ..ction company and as a holding company carry out our activities through a number of subsidiaries and associated companies. These companies are general..

SimpleTech Inc ..m and open-standard memory solutions based on Flash memory and dynamic random access memory, or DRAM, technologies as well as external hard drive stor..

Smurfit-Stone Container Corporation .., Company or Smurfit-Stone refers to the business of Smurfit-Stone Container Corporation and its subsidiaries. GENERAL Smurfit-Stone Container Corpora..

Seattle Genetics Inc. ..d on the development of monoclonal antibody-based therapeutic products for the treatment of cancer and immunologic diseases. We currently have three p..

Sunrise Senior Living Inc. ..ider of senior living services, with operations in the United States, Canada, the United Kingdom, and Germany. Founded in 1981, we began with a simple..

Super Vision International Inc. ..ures, markets and sells LED and fiber optic lighting products to be used in applications in the commercial, architectural, signage, swimming pool and ..

Sentigen Holding Corp. .. through two-wholly owned operating subsidiaries, Sentigen Biosciences, Inc. (Sentigen Biosciences) and Cell & Molecular Technologies, Inc. (CMT). Sen..

Digital Recorders Inc. ..gital Recorders, Inc. as DRI, Company, us, we and our. DRI was incorporated in March 1983 and became a public company through an initial public offeri..

Telecom Argentina Stet - France Telecom S.A. .. private-sector corporations in Argentina in terms of revenues. We have a non-expiring license (the License) to provide fixed-line public telecommunic..

Theravance Inc. ..ipeline of internally discovered product candidates. Of our six programs in development, two are in late stage-our bacterial infections program focusi..

TELEKOM AUSTRIA AG ..esellschaft) organized under the laws of the Republic of Austria. It is the parent company of the consolidated Telekom Austria Group (Telekom Austria)..

Transmeta Corporation ..d on designing, developing and selling x86-compatible microprocessor products, including products in both our Crusoe® and Efficeontm families. Unlike ..

Tenaris S.A. ..supplier of seamless steel pipe products and associated services to the oil and gas, energy and other industries, with production, distribution and se..

Triarc Companies Inc. ..ries, the franchisor of the Arbys restaurant system and, as of January 2, 2005, the owner and operator of 233 Arbys restaurants located in the United ..

Telvent GIT S.A. ..provides value-added real-time products and services solutions to customers in targeted industrial sectors (Energy, Traffic, Transport and Environment..

The Exploration Company ..cal, including statements regarding TXCOs or managements intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or..

United Security Bancshares Inc. .. Delaware corporation organized in 1999, as a successor by merger with United Security Bancshares, Inc., an Alabama corporation. Bancshares is a bank ..

Unico American Corporation .. company that underwrites property and casualty insurance through its insurance company subsidiary; provides property, casualty, health and life insur..

U.S. Shipping Partners L.P. ..sportation services, principally for refined petroleum products, in the U.S. domestic coastwise trade. We are also involved, to a limited extent, in t..

VCG Holding Corporation ..of the State of Colorado in 1998, but did not begin operations until 2002. We are engaged in owning and operating nightclubs which provide quality liv..

Valley National Bancorp ..orporation registered as a bank holding company under the Bank Holding Company Act of 1956, as amended (Holding Company Act). At December 31, 2004, Va..

Viasys Healthcare Inc ..developing, manufacturing, marketing and servicing a variety of medical devices, instruments and medical and surgical products for use in the respirat..

Vitria Technology Inc. ..ntegration software and services for corporations in healthcare and insurance, telecommunications, manufacturing, finance and other industries. Our so..

Webster Preferred Capital Corp ..Connecticut corporation incorporated in March 1997. The Company acquires, holds and manages real estate mortgage assets (mortgage assets), including, ..

Winnebago Industries Inc. ..t City, Iowa, is a leading United States manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor ..

Waterside Capital Corporation ..ations in July 1996 after receiving its Small Business Administration (SBA) license and closing its initial private placement of Common Stock. The Com..

Webzen Inc ..e incorporated as a company with limited liability under Korean law on April 28, 2000. Our legal and commercial name is [[Image Removed]] (pronounced ..

EZCORP Inc. ..rincipal executive offices located at 1901 Capital Parkway, Austin, Texas 78746. Its telephone number is (512) 314-3400. Interested parties may access..

Ace Limited ..pany of the ACE Group of Companies incorporated with limited liability under the Cayman Islands Companies Law. We created our business office in Bermu..

AtheroGenics Inc. ..mpany incorporated in the State of Georgia in 1993. We are focused on the discovery, development and commercialization of novel drugs for the treatmen..

AMTEK Inc. .. Its predecessor was originally incorporated in Delaware in 1930 under the name American Machine and Metals, Inc. The Company maintains its principal ..

Alto Palermo S.A. .. S.A. (APSA). We were organized and incorporated on August 29,1889 under Argentine law as a stock corporation (Sociedad Annima or S.A.). Our bylaws we..

Allergan Inc. ..th care company that develops and commercializes specialty pharmaceutical products for the ophthalmic, neurological, dermatological and other specialt..

Banco Bradesco Sa .. as of December 2004, we are the largest private-sector (non-government-controlled) bank in Brazil in terms of total net worth. We provide a wide rang..

Barnes & Noble Inc. ..s largest bookseller1, as of January 29, 2005 operates 820 bookstores. Of the 820 bookstores, 666 operate primarily under the Barnes & Noble Bookselle..