Armando M. Codina (1) President and Chief Executive Officer, Flagler Development Group, a real estate investment, development, construction, brokerage and property management firm; Chairman Emeritus of the Board of Trustees of Florida International University; 60 years old; Director of Merrill Lynch since 2005.

Virgis W. Colbert (2) Senior Advisor to the Miller Brewing Company; Retired Executive Vice President of Worldwide Operations for Miller Brewing Company; 67 years old; Director of Merrill Lynch since 2006.

Jill K. Conway* (3) Visiting Scholar, Massachusetts Institute of Technology; former President of Smith College; 72 years old; Director of Merrill Lynch since 1978.

Alberto Cribiore (4) Managing Partner and founder of Brera Capital Partners, a global private equity investment firm; former Co-President of Clayton, Dubilier & Rice, Inc.; 61 years old; Director of Merrill Lynch since 2003.

John D. Finnegan (5) Chairman of the Board, President and Chief Executive Officer of The Chubb Corporation, a property and casualty insurance company; former Executive Vice President of General Motors Corporation, and Chairman and President of General Motors Acceptance Corporation, a subsidiary of General Motors Corporation; 58 years old; Director of Merrill Lynch since 2004.

Judith Mayhew Jonas (6) Member of the U.K. government's Equality Review Panel; former Provost of Kings College, Cambridge; former Special Adviser to the Chairman, Clifford Chance, Solicitors; former Vice Chair of the London Development Agency; 58 years old; Director of Merrill Lynch since 2006.

David K. Newbigging* (7) Chairman of the Board of Talbot Holdings Limited, a non-life insurance company and Chairman of Synesis Life Limited, Synesis Pensions Limited and Synesis Finance Limited, which provide solutions for insurance and pension fund liabilities; former Chairman of the Board of Friends Provident plc; former Chairman of the Board of Equitas Holdings Limited; former Chairman of the Board of Rentokil Group plc; former Chairman of the Board and Senior Managing Director of Jardine, Matheson & Co. Limited; 73 years old; Director of Merrill Lynch since 1996.

E. Stanley O'Neal (8) Chairman of the Board, Chief Executive Officer and President of Merrill Lynch; 55 years old; joined Merrill Lynch in 1986; Director of Merrill Lynch since 2001.

Aulana L. Peters (9) Corporate Director; Retired Partner in the law firm of Gibson, Dunn & Crutcher LLP; Member, International Public Interest Oversight Board; former Member, Public Oversight Board of AICPA; former Commissioner of the U.S. Securities and Exchange Commission; 65 years old; Director of Merrill Lynch since 1994.

Joseph W. Prueher (10) Corporate Director; former U.S. Ambassador to the People's Republic of China; Consulting Professor at the Stanford University Center for International Security and Cooperation; U.S. Navy Admiral (Ret.), Commander-in-Chief of U.S. Pacific Command; 64 years old; Director of Merrill Lynch since 2001.

Ann N. Reese (11) Co-Founder and Co-Executive Director of the Center for Adoption Policy, a not-for-profit corporation; former Principal, Clayton, Dubilier & Rice, a private equity investment firm; former Executive Vice President and Chief Financial Officer of ITT Corporation, a hotel and leisure company; 54 years old; Director of Merrill Lynch since 2004.

Charles O. Rossotti (12) Senior Advisor to The Carlyle Group, a private global investment firm; former Commissioner of Internal Revenue at the Internal Revenue Service; former Chairman of the Board and Chief Executive Officer of American Management Systems; 66 years old; Director of Merrill Lynch since 2004.

*Jill K. Conway and David K. Newbigging will continue to serve on the Board of Directors until the 2007 Annual Meeting of Shareholders.