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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) : April 15, 1999
MERRILL LYNCH DEPOSITOR, INC.
(ON BEHALF OF PUBLIC STEERS (R) SERIES 1998 HLT-1 TRUST)
(Exact name of registrant as specified in its charter)
DELAWARE 332-29015-03 513-3891329
(State or other (Commission (I. R. S. Employer
jurisdiction of File Number) identification No.)
incorporation)
WORLD FINANCIAL CENTER, 10281
NEW YORK, NEW YORK (Zip Code)
(Address of principal
executive offices)
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Registrant's telephone number, including area code: (212) 449-1000
INFORMATION TO BE INCLUDED IN REPORT
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not Applicable
ITEM 2. ACQUISITION OF DISPOSITION OF ASSETS
Not Applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not Applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not Applicable
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ITEM 5. OTHER EVENTS
1. Distribution to holders of the STEERS (R) Trust, Series 1998
HLT-1 Class A Certificates on April 15, 1999.
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.
1. Trustee's report in respect of the April 15, 1999 distribution
to holders of the STEERS (R) Trust, Series 1998 HLT-1 Class A
Certificates.
ITEM 8. CHANGE IN FISCAL YEAR
Not Applicable.
ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATION S
Not Applicable
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereto
duly authorized.
MERRILL LYNCH DEPOSITOR, INC.
Date: April 28, 1999 By: /s/ Barry N. Finkelstein
Name: Barry N. Finkelstein
Title: President
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EXHIBIT INDEX
1. Trustee's report in respect of the April 15, 1999 distribution
to holders of the STEERS (R) Trust , Series 1998 HLT-1 Class
Certificates.
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EXHIBIT 1
DISTRIBUTION REPORT
FOR
PUBLIC STEERS (R) SERIES 1998 HLT-1 TRUST
DISTRIBUTION DATE
APRIL 15, 1999
CLASS A CUSIP NUMBER 744593AK0
CLASS B CUSIP NUMBER 744593AL8
(i) the amounts received by the Trustee as of the last such
statement in respect of principal, interest and premium on the
Hilton Hotels Corporation Debentures due 2007 (the "Underlying
Securities"):
Interest: $1,456,360.50
Principal: 0.00
Premium: 0.00
(ii) the amounts of compensation received by the Trustee, for the
period relating to such Distribution Date:
Paid by the Trust: $0.00
Paid by the Depositor: $1,000.00
(iii) the amount of distribution on such Distribution Date to
Holders allocable to principal of and premium, if any, and
interest on the Certificates of each such Class and the amount
of aggregate unpaid interest accrued as of such Distribution
Date:
Class A:
Interest: $1,282,330.00
Principal: $0.00
Class B:
Interest: $174,030.50
Principal: 0.00
Unpaid Interest Accrued: 0.00
(iv) the aggregate stated principal amount and, if applicable,
notional amount of the Underlying Securities related to such
Series, the current interest rate or rates thereon at the
close of business on such Distribution Date, and the current
rating assigned to the Certificates.
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Principal Amount: $36,638,000
Interest Rate: 7.195%
Rating:
Moody's Investor Service Baa1
Standard & Poor's Rating Service BBB
(v) the aggregate Certificate Principal Balance (or Notional
Amount, if applicable) of each Class of such Series at the
close of business on such Distribution Date.
Class A:
Principal Balance: $36,638,000
Class B:
Principal Balance $36,638,000
Reduction due to any Realized Losses: N/A
