MERRILL LYNCH DEPOSITOR INC
8-K, 2000-03-28
ASSET-BACKED SECURITIES
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<PAGE>   1
                       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) : March 1, 2000

                          MERRILL LYNCH DEPOSITOR, INC.
              (ON BEHALF OF PUBLIC STEERS SERIES 1999 REN-C1 TRUST)
             (Exact name of registrant as specified in its charter)

       DELAWARE                     333-64767                    13-3891329
   (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)

                           --------------------------

       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

<PAGE>   2

ITEM 5.           OTHER EVENTS

             1.   Distribution to holders of the STEERS Trust, Series 1999
                  REN-C1 Class A Certificates on March 1, 2000.

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 March 1, 2000
                       distribution to holders of the STEERS Trust, Series 1999
                       REN-C1 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
                 authorized.


                                             MERRILL LYNCH DEPOSITOR, INC.

         Date:    March 27, 2000             By:      /s/ Barry N. Finkelstein
                                             Name:    Barry N. Finkelstein
                                             Title:   President

<PAGE>   3

                                  EXHIBIT INDEX


               1.   Trustee's report in respect of the March 1, 2000
                    distribution to holders of the STEERS Trust , Series 1999
                    REN-C1 Class A Certificates.


<PAGE>   1



                                    EXHIBIT 1

                               DISTRIBUTION REPORT
                                       FOR
                     PUBLIC STEERS SERIES 1999 REN-C1 TRUST

                                DISTRIBUTION DATE
                                  MARCH 1, 2000
                             CUSIP NUMBER 744593302

          (i)   the amounts received by the Trustee as of the last such
                statement in respect of principal, interest and premium on the
                RenaissanceRe Capital Trust Series B Capital Securities (the
                "Underlying Securities"):

                        Interest:                    $1,067,500.00
                        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:                  $00.00
                        Paid by the Depositor:           $1,000.00

          (iii) the amount of distribution on such Distribution Date to Holders
                locable 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:                    $1,067,500.00
                        Principal:                          $00.00

          (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.

                        Principal Amount:               $1,000,000
                        Interest Rate:                        8.54%
                        Rating:
                             Moody's Investor Service              BAA3
                             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:      $1,000,000


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