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MERRILL LYNCH CHIEF INVESTMENT STRATEGIST INCREASES STOCK PORTION OF ASSET ALLOCATION RECOMMENDATION

 NEW YORK, Nov. 2 /PRNewswire/ -- Merrill Lynch Chief Investment Strategist Charles I. Clough today announced changes in both the Capital Appreciation, or benchmark asset allocation model, and the Income and Growth asset allocation matrix, increasing the stock portion of both profiles.
 "We're moving 5 percent from bonds to stocks in our Capital Appreciation, or benchmark asset allocation matrix, and 10 percent from bonds to stocks in the Income and Growth profile," said Mr. Clough. "The cash portion of both asset allocation recommendations will remain the same."
 With this shift, the Firm's benchmark investment guidelines are now at 60 percent stocks, 30 percent bonds and 10 percent cash. The Income and Growth recommendations are now at 55 percent stocks, 35 percent bonds and 10 percent cash. The Firm's four other asset allocation recommendations remain unchanged.
 "Equities are likely to disconnect from bonds in the months ahead, owing to increasing signs of strength in the economy," said Mr. Clough in explaining his move toward stocks.
 "The earnings tailwind behind stocks is manifesting itself in third quarter profits which have often been stronger than expected for several consumer cyclical and capital goods companies."
 -0- 11/2/93
 /CONTACT: Fred Yager of Merrill Lynch, 212-449-7355/


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

LG-RW -- NY067 -- 9683 11/02/93 13:19 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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