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MERRILL LYNCH STATEMENT ON THIRD QUARTER BUSINESS ENVIRONMENT

 MERRILL LYNCH STATEMENT ON THIRD QUARTER BUSINESS ENVIRONMENT
 NEW YORK, Sept. 10 /PRNewswire/ -- In response to numerous inquiries, Merrill Lynch & Co., Inc. (NYSE: MER), today issued the following statement on the third quarter business environment:
 As a matter of policy, Merrill Lynch does not comment on earnings before they are reported. However, we can say that we have not seen the investor response to current market conditions reported by some securities companies.
 Because our financial consultants actively offer counsel and advice to our clients regarding investment alternatives in the current low interest rate environment, we are not seeing the investor confusion cited in some news accounts today.
 Our business strategy differs substantially from that of the discounters. Ours is based on creating long-term, advisory relationships with clients, and is less transaction oriented. Our financial consultants assist clients in clarifying their financial objectives, developing plans for achieving them, and in solving problems regardless of market conditions.
 Revenues of the company overall -- and the Merrill Lynch Private Client Group in particular -- are well diversified, because we offer a wider range of products and advisory services to a broader base of clients, including individuals and institutions. We are satisfied that our expenses remain well-controlled and appropriate to the level of business we are experiencing.
 /end of statement/
 -0- 9/10/92
 /CONTACT: James Wiggins, 212-449-7280, or Fred Yager, 212-449-7355, both of Merrill Lynch & Co./
 (MER) CO: Merrill Lynch & Co., Inc. ST: New York IN: FIN SU: ECO


GK-OS -- NY077 -- 8139 09/10/92 15:17 EDT
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Date:Sep 10, 1992
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