SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 -------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 ------------------------- Date of Report (Date of earliest event reported): April 1, 2004 MERRILL LYNCH DEPOSITOR, INC. (ON BEHALF OF PREFERREDPLUS TRUST SERIES CZN-1) (Exact name of registrant as specified in its charter) DELAWARE 001-16669 13-3891329 (State or other (Commission (I. R. S. Employer jurisdiction of File Number) Identification No.) incorporation) WORLD FINANCIAL CENTER, 10080 NEW YORK, NEW YORK (Zip Code) (Address of principal executive offices) -------------------------- Registrant's telephone number, including area code: (212) 449-1000 INFORMATION TO BE INCLUDED IN REPORT ITEM 1. CHANGES IN CONTROL OF REGISTRANT None. ITEM 2. ACQUISITION OF DISPOSITION OF ASSETS None. ITEM 3. BANKRUPTCY OR RECEIVERSHIP None. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT Not Applicable. ITEM 5. OTHER EVENTS 99.1 Distribution to holders of the PREFERREDPLUS Trust Series CZN-1 on April 1, 2004. For information with respect to the underlying securities held by PREFERREDPLUS Trust Series CZN-1, please refer to Citizens Communications Company's (Commission file number 001-11001) 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 SEC's Public Reference Section of the SEC at 450 Fifth Street, NW, Washington, D.C. 20549. You may obtain information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. You can also access some of this information electronically by means of the SEC's website on the Internet at http://www.sec.gov, which contains reports, proxy and information statements and other information that the underlying securities issuer has filed electronically with the SEC. Although we have no reason to believe the information concerning the underlying securities or the underlying securities issuer contained in the underlying securities issuer's Exchange Act reports is not reliable, neither the depositor nor the trustee participated in the preparation of such documents or made any due diligence inquiry with respect to the information provided therein. No investigation with respect to the underlying securities issuer (including, without limitation, no investigation as to its financial condition or creditworthiness) or of the underlying securities has been made. You should obtain and evaluate the same information concerning the underlying securities issuer as you would obtain and evaluate if your investment were directly in the underlying securities or in other securities issued by the underlying securities issuer. There can be no assurance that events affecting the underlying securities or the underlying securities issuer have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above. ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS Not Applicable. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements of business acquired. Not Applicable. (b) Pro forma financial information. Not Applicable. (c) Exhibits. 99.1 Trustee's report in respect of the April 1, 2004 distribution to holders of the PREFERREDPLUS Trust Series CZN-1. ITEM 8. CHANGE IN FISCAL YEAR None. ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S None. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. MERRILL LYNCH DEPOSITOR, INC. Date: April 7, 2004 By: /s/ Michael F. Connor Name: Michael F. Connor Title: President EXHIBIT INDEX 99.1 Trustee's report in respect of the April 1, 2004 distribution to holders of the PREFERREDPLUS Trust Series CZN-1.