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): November 15, 2006

                          MERRILL LYNCH DEPOSITOR, INC.
                     (ON BEHALF OF PPLUS TRUST SERIES GSC-2)
             (Exact name of registrant as specified in its charter)

          DELAWARE             001-32247                    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


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.):

[  ]  Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))




SECTION 1.        REGISTRANT'S BUSINESS AND OPERATIONS

                  Not applicable.

SECTION 2.        FINANCIAL INFORMATION

                  Not applicable.

SECTION 3.        SECURITIES AND TRADING MARKETS

                  Not applicable.

SECTION 4.        MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

                  Not applicable.

SECTION 5.        CORPORATE GOVERNANCE AND MANAGEMENT

                  Not applicable.

SECTION 6.        ASSET-BACKED SECURITIES

                  Not applicable.

SECTION 7.        REGULATION FD

                  Not applicable.

SECTION 8.        OTHER EVENTS

         ITEM 8.01         OTHER EVENTS

                  99.1     Distribution to holders of the PPLUS Trust
                           Certificates Series GSC-2 on November 15, 2006.

                                    For information with respect to the
                           underlying securities held by PPLUS Trust Series
                           GSC-2, please refer to The Goldman Sachs Group,
                           Inc.'s (Commission file number 001-14965) 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 1580, 100 F Street, NE, 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 100 F Street, NE, 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
                           guarantor and the underlying securities issuer has
                           filed electronically with the SEC.


                                    Although we have no reason to believe the
                           information concerning the underlying securities and
                           the junior subordinated debentures or the underlying
                           securities issuer and the underlying securities
                           guarantor contained in the underlying securities
                           guarantor'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 and the underlying
                           securities guarantor (including, without limitation,
                           no investigation as to their financial condition or
                           creditworthiness) or of the underlying securities and
                           the junior subordinated debentures has been made. You
                           should obtain and evaluate the same information
                           concerning the underlying securities issuer and the
                           underlying securities guarantor 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 or the underlying
                           securities guarantor. There can be no assurance that
                           events affecting the underlying securities and the
                           junior subordinated debentures or the underlying
                           securities issuer and the underlying securities
                           guarantor have not occurred or have not yet been
                           publicly disclosed which would affect the accuracy or
                           completeness of the publicly available documents
                           described above.

SECTION 9.        FINANCIAL STATEMENTS AND EXHIBITS

         ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS

                  (a)      Financial statements of business acquired.

                           None.

                  (b)      Pro forma financial information.

                           None.

                  (c)      Shell company transaction.

                           Not applicable.

                  (d)      Exhibits.

                           99.1     Trustee's report in respect of the November
                                    15, 2006 distribution to holders of the
                                    PPLUS Trust Certificates Series GSC-2.



                                   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: 11/16/2006                By:    /s/ Jason Liddell
                                                ----------------------
                                         Name: Jason Liddell
                                         Title: Vice-President



                                  EXHIBIT INDEX


              99.1         Trustee's report in respect of the November 15,
                           2006 distribution to holders of the PPLUS Trust
                           Certificates Series GSC-2.