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                                 SCHEDULE 13G


                 Under the Securities Exchange Act of 1934
                               (Amendment No.1)


                            Accelr8 Technology, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
 -----------------------------------------------------------------------------
                         (Title of Class of Securities)



                                    004304200
 -----------------------------------------------------------------------------
                                 (CUSIP Number)


                                December 31, 2008
-----------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)

     Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

          [X ] Rule 13d-1(b)

          [  ] Rule 13d-1(c)

          [  ] Rule 13d-1(d)

*    The remainder of this cover page shall be filled out for a reporting
     person's initial filing on this form with respect to the subject class
     of securities, and for any subsequent amendment containing information
     which would alter the disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not
     be deemed to be "filed" for the purpose of Section 18 of the Securities
     Exchange Act of 1934 or otherwise subject to the liabilities of that
     section of the Act but shall be subject to all other provisions of the
     Act (however, see the Notes).


CUSIP No. 004304200


-----------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

                  Merrill Lynch & Co., Inc. 13-2740599

-----------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                 (a)  [_]
                                                                 (b)  [ ]

-----------------------------------------------------------------------------
3.   SEC USE ONLY

-----------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

                           Delaware
-----------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES                  0
            -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY                 793,141
            -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING                0
               --------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH                   793,141
-----------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                           793,141
-----------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                          [_]
-----------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                           7.8%
-----------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON

                           HC
-----------------------------------------------------------------------------


 CUSIP No. 004304200

-----------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

             Merrill Lynch Bank and Trust Co. FSB   22-3513863
-----------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                 (a)  [_]
                                                                 (b)  [_]

-----------------------------------------------------------------------------
3.   SEC USE ONLY

----------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

                           Delaware
----------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES                  0
            -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY                 793,141
            -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING                0
               --------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH                   793,141
-----------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                           793,141
-----------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                          [_]
-----------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                           7.8%
-----------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

                           BK

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


CUSIP No. 004304200

-----------------------------------------------------------------------------
1.   NAME OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

             First Republic Investment Management, Inc.       22-3623353
-----------------------------------------------------------------------------
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                 (a)  [_]
                                                                 (b)  [_]

-----------------------------------------------------------------------------
3.   SEC USE ONLY

----------------------------------------------------------------------------
4.   CITIZENSHIP OR PLACE OF ORGANIZATION

                           Delaware
----------------------------------------------------------------------------
  NUMBER OF    5.   SOLE VOTING POWER

   SHARES                  0
            -----------------------------------------------------------------
BENEFICIALLY   6.   SHARED VOTING POWER

  OWNED BY                 141
            -----------------------------------------------------------------
    EACH       7.   SOLE DISPOSITIVE POWER

  REPORTING                0
               --------------------------------------------------------------
   PERSON      8.   SHARED DISPOSITIVE POWER

    WITH                   141
-----------------------------------------------------------------------------
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                           141
-----------------------------------------------------------------------------
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                          [_]
-----------------------------------------------------------------------------
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                           0.1%
-----------------------------------------------------------------------------
12.  TYPE OF REPORTING PERSON*

                           IA

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



 CUSIP NO. 004304200

Item 1(a).  Name of Issuer:
            Accelr8 Technology, Inc.

Item 1(b).  Address of Issuer's Principal Executive Offices:

            303 East 17th Avenue
            Suite 108
            Denver, Colorado 80203

Item 2(a).  Name of Person Filing:

            Merrill Lynch & Co., Inc. ("MLCO")
            Merrill Lynch Bank & Trust Co. FSB ("MLBT")
            First Republic Investment Management, Inc. ("FRIM")

Upon consummation of the merger on January 1, 2009 by and between Bank of
America Corporation ("BAC") and MLCO, MLCO became a wholly owned subsidiary of
BAC, and BAC became the ultimate parent and controlling entity of MLCO and its
subsidiaries.

Item 2(b).  Address of Principal Business Office, or if None, Residence:

The address of the principal business office of MLCO is:

         4 World Financial Center
         250 Vesey Street
         New York, New York 10080

The address of the principal business office of MLBT is:

         C/O Merrill Lynch & Co.
         300 Dandson Avenue
         Somerset, New Jersey 08873

The address of the principal business office of FRIM is:

         111 Pine Street
         San Francisco, California 94111

Item 2(c).  Citizenship:

            See Item 4 of Cover Pages

Item 2(d).  Title of Class of Securities:
            Common Stock

Item 2(e).  CUSIP Numbers:
            004304200

Item 3.     If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
            or (c), Check Whether the Person Filing is a:

(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)19) of the Exchange Act.


CUSIP No. 004304200

(d) [_] Investment company registered under Section 8 of the Investment
        Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) [_] An employee benefit plan or endowment fund in accordance with
           Rule 13d-1(b)(1)(ii)(F)
(g) [X] A parent holding company or control person in accordance with
           Rule 13d-1(b)(1)(ii)(G)
(h) [_] A savings association as defined in Section 3(b) of the Federal
           Deposit Insurance Act
(i) [_] A church plan that is excluded from the definition of an investment
        company under Section 3(c)(14) of the Investment Company Act
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).


Item 4.  Ownership.

     Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

(a)      Amount beneficially owned:
                             See Item 9 of Cover Pages
(b)      Percent of class:
                             See Item 11 of Cover Pages

(c)      Number of shares as to which such person has:

          (i)   Sole power to vote or to direct the vote:

          (ii)  Shared power to vote or to direct the vote:

          (iii) Sole power to dispose or to direct the disposition of:

          (iv)  Shared power to dispose or to direct the disposition of

            See Items 5-8 of Cover Pages

Item 5.  Ownership of Five Percent or Less of a Class.

                           If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than 5 percent of the class of securities, check the following [ ]

Item 6.  Ownership of More Than Five Percent on Behalf of Another Person.

         Not Applicable

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on by the Parent Holding Company.

         With respect to the beneficial ownership of the reporting person, see
Items 5 through 11 of the cover pages to this Schedule 13G, which are
incorporated herein by reference.

Item 8.  Identification and Classification of Members of the Group.


CUSIP No. 004304200

         Not Applicable

Item 9.  Notice of Dissolution of Group.

         Not Applicable

Item 10.  Certifications.

By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that
purpose or effect.

                                    SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.



February 17, 2009

Merrill Lynch & Co., Inc.

By:   /s/  Pia K. Thompson
-----------------------------------
Name:  Pia K. Thompson
Title: Assistant Secretary


Merrill Lynch Bank & Trust Co. FSB


By:      /s/  Jennifer Marre
-----------------------------------
Name:  Jennifer Marre
Title: First Vice President


First Republic Investment Management, Inc.


By:      /s/  Charles Christofilis
-----------------------------------
Name:  Charles Christofilis
Title: Chief Compliance Officer


* Executed pursuant to a Power of Attorney, dated November 17, 1995, a copy
 of which is attached hereto as Exhibit A.


                                  Schedule 13G
                                    Exhibit A

                                Power of Attorney

     The undersigned, Merrill Lynch & Co., Inc. (the "Corporation"), a
corporation duly organized under the laws of Delaware, with its principal
place of business at World Financial Center, North Tower, 250 Vesey Street,
New York, New York 10281 does hereby make, constitute and appoint Richard B.
Alsop, Richard D. Kreuder, Andrea Lowenthal, Gregory T. Russo, or any
individual from time to time elected or appointed as secretary or an
assistant secretary of the Corporation, acting severally, each of whose
address is Merrill Lynch & Co., Inc., World Financial Center, North Tower,
250 Vesey Street, New York, New York 10281, as its true and lawful attorneys-
in-fact, for it and in its name, place and stead (i) to execute on behalf of
the Corporation and cause to be filed and/or delivered, as required under
Section 13(d) of the Securities Exchange Act of 1934 (the "Act") and the
regulations thereunder, any number, as appropriate, of original, copies, or
electronic filings of the Securities and Exchange Commission Schedule 13D or
Schedule 13G Beneficial Ownership Reports (together with any amendments and
joint filing agreements under Rule 13d-1(f)(1) of the Act, as may be required
thereto) to be filed and/or delivered with respect to any equity security (as
defined in Rule 13d-1(d) under the Act) beneficially owned by the undersigned
and which must be reported by the undersigned pursuant to Section 13(d) of
the Act and the regulations thereunder, (ii) to execute on behalf of the
Corporation and cause to be filed and/or delivered, any number, as
appropriate, of original, copies or electronic filings of any forms
(including without limitation), Securities and Exchange Commission Forms 3, 4
and 5) required to be filed pursuant to Section 16(a) of the Act and the
regulations thereunder, and (iii) generally to take such other actions and
perform such other things necessary to effectuate the foregoing as fully in a
all respects as if the undersigned could do if personally present.

     This Power of Attorney shall remain in effect until revoked, in writing,
by the undersigned.

     IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney,
this 17th day of November 1995.


                                  MERRILL LYNCH & CO., INC.


                                  By:  /s/ David H. Komansky
                                  ----------------------------------------
                                  Name:  David H. Komansky
                                  Title:  President and Chief Operating Officer