Board of Directors

W.H. Clark
Corporate Director; former Chairman of the Board and Chief Executive Officer of Nalco Chemical Company, a producer of specialty chemicals; 68 years old; elected a Director of Merrill Lynch in 1995.

Jill K. Conway
Visiting Scholar, Massachusetts Institute of Technology; President of Smith College from 1975 to 1985; 66 years old; elected a Director of Merrill Lynch in 1978.

Stephen L. Hammerman
Vice Chairman of the Board of Merrill Lynch; 63 years old; joined Merrill Lynch in 1978.

George B. Harvey
Corporate Director; former Chairman of the Board, President and Chief Operating Officer of Pitney Bowes Inc., a provider of mailing, office and logistics systems and management and financial services; 69 years old; elected a Director of Merrill Lynch in 1993.

William R. Hoover
Chairman of the Executive Committee and former Chairman of the Board, Chief Executive Officer and President of Computer Sciences Corporation, a provider of information technology consulting, systems integration and outsourcing to industry and government; 71 years old; elected a Director of Merrill Lynch in 1995.

David H. Komansky
Chairman of the Board and Chief Executive Officer of Merrill Lynch; 61 years old; joined Merrill Lynch in 1968.

Robert P. Luciano
Corporate Director; Director, Chairman Emeritus and former Chairman of the Board and Chief Executive Officer of Schering-Plough Corporation, a health and personal care products company; 67 years old; elected a Director of Merrill Lynch in 1989.

David K. Newbigging
Chairman of the Board of Friends’ Provident Life Office, a United Kingdom-based life assurance company; former Chairman of the Board of Equitas Holdings Limited; former Chairman of the Board and Senior Managing Director of Jardine, Matheson & Co. Limited; 67 years old; elected a Director of Merrill Lynch in 1996.

Aulana L. Peters
Corporate Director; Member, Public Oversight Board of AICPA; Retired Partner in the law firm of Gibson, Dunn & Crutcher LLP; former Commissioner of the U.S. Securities and Exchange Commission; 59 years old; elected a Director of Merrill Lynch in 1994.

John J. Phelan, Jr.
Corporate Director; Senior Advisor, Boston Consulting Group; member of the Council on Foreign Relations; former Chairman and Chief Executive Officer of the New York Stock Exchange, Inc.; former President of the International Federation of Stock Exchanges; 69 years old; elected a Director of Merrill Lynch in 1991.

John L. Steffens
Vice Chairman of the Board and Chairman of U.S. Private Client Group of Merrill Lynch; 59 years old; joined Merrill Lynch in 1963.

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