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MERRILL LYNCH & CO., INC. LISTS DEUTSCHE MARK CURRENCY WARRANTS ON THE AMEX

 NEW YORK, Sept. 22 /PRNewswire/ -- The American Stock Exchange today opened trading on a new issue of Merrill Lynch & Co., Inc. U.S. Dollar/Deutsche Mark Put Currency Warrants with an expiration date of March 15, 1995.
 The new warrants trade under ticker symbol MDM.WS, and opened today on a first trade of 500 warrants at 4 3/8.
 Trading much like a put option on the German mark and a call option on the U.S. dollar, the warrants would gain in value as the U.S. dollar strengthens against the mark.
 Underwritten by Merrill Lynch & Co., the 4 million warrants carry a strike price of DM 1.609 per U.S.$1 and are cash settled.
 "With lagging economic growth in many areas of the world and the prospect of lower interest rates, globally-oriented investors are increasingly turning towards currency warrants to better manage existing investment risk," said Benjamin Krause, Amex senior vice president of capital markets. "These type of products also provide added accessibility to foreign currency markets," he added.
 A leader in the derivative securities arena, the Amex was the first U.S. stock exchange to trade warrants on the Deutsche mark, Japanese yen and the British pound. Currency warrants based on U.S. dollar in relation to the combined currencies of the pound, yen and mark were added this past January.
 The Amex is also the only U.S. marketplace that currently trades warrants based on London's Financial Times Stock Exchange Eurotrack 200 Index and France's CAC-40 Index. In addition, it is the home of Standard & Poor's Depositary Receipts (tm), SPDRs (tm)(pronounced SPIDERS)-- based on the domestic S&P 500 Index. Stock Index Return Securities on the S&P MidCap 400 Index trade on the Amex as well.
 -0- 9/22/93
 /CONTACT: Bob Shabazian, managing director of American Stock Exchange, 212-306-1630/


CO: Merrill Lynch & Co., Inc. ST: New York IN: FIN SU:

SM -- NY051 -- 4915 09/22/93 17:42 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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