REMINDER/Public Meetings on Proposal of Bank of America Corporation to Be Held at Federal Reserve Bank of San Francisco.

Business Editors

REMINDER...for Friday (Jan. 16)

--(BUSINESS WIRE)

TO:        Business Desk/Banking reporters

WHAT:      Public meetings on the proposal by Bank of American
           Corporation, Charlotte, North Carolina, to merge with
           FleetBoston Financial Corporation, Boston, Massachusetts.
           For more information see the Federal Reserve Board website:
           http://www.federalreserve.gov/boarddocs/press/orders/2003/
           20031222/default.htm (Due to certain characters contained
           in this URL, it may be necessary to copy and paste this
           hyperlink into your Internet browser's URL address field.)

WHEN:      Friday, January 16, 2004, beginning at
           8:30 AM Pacific Standard Time

WHERE:     Federal Reserve Bank of San Francisco - 101 Market Street
           First floor conference center

WHY:       The purpose of these meetings is to collect information
           relating to factors the Board is required to consider under
           the Bank Holding Company Act.  These factors are the
           effects of the proposal on the financial and managerial
           resources, future prospects of the companies and banks
           involved in the proposal, competition in the relevant
           markets, and the convenience and needs of the communities
           to be served.  Convenience and needs considerations include
           consideration of the records of the performance of Bank of
           America and FleetBoston under the Community Reinvestment
           Act.  Approximately 100 people have signed up to testify.

LOGISTICS: The SF Fed is a secure facility.  Advanced RSVP requested.
           All reporters attending the event will need photo ID.  No
           media parking in the Bank lot or double parking around the
           perimeter of the Bank will be allowed due to current
           construction.