Nope.
If it's a verb it's not a gerund.
( Zuowan, Wed 29 Nov 2006, 16:16, archived)

Find me a reasonable use of
'depending' as a gerund. I'm not being arsey, I just can't think of one ...
( L-Space - scientia sapientes vocat., Wed 29 Nov 2006, 16:21, archived)

Bit obscure but
"Why do you always depend on people?"
"I like depending."
( Zuowan, Wed 29 Nov 2006, 16:24, archived)

Very forced.
Shambles has a better one.
( L-Space - scientia sapientes vocat., Wed 29 Nov 2006, 16:26, archived)