Exhibit 99.2

Merrill Lynch & Co., Inc.										Attachment I

Preliminary Unaudited Earnings Summary
	For the Three Months Ended									Percent Inc / (Dec)
(in millions, except per share amounts)	Jun. 27, 2008			Mar. 28, 2008			Jun. 29 2007			2Q08 vs. 1Q08		2Q08 vs. 2Q07

Revenues
Principal transactions	$	(4,083	)	$	(2,418	)	$	3,556		N/M	%	N/M	%
Commissions		1,811			1,889			1,787		(4	)	1
Managed accounts and other fee-based revenues		1,399			1,455			1,349		(4	)	4
Investment banking		1,158			917			1,528		26		(24	)
Earnings from equity method investments		111			431			375		(74	)	(70	)
Other ⁽¹⁾		(1,875	)		(1,449	)		387		N/M		N/M
Subtotal		(1,479	)		825			8,982		N/M		N/M

Interest and dividend revenues		7,535			11,861			14,447		(36	)	(48	)
Less interest expense		8,172			9,752			13,970		(16	)	(42	)
Net interest (loss)/profit		(637	)		2,109			477		N/M		N/M

Revenues, net of interest expense		(2,116	)		2,934			9,459		N/M		N/M

Non-interest expenses
Compensation and benefits		3,491			4,196			4,731		(17	)	(26	)
Communications and technology		566			555			482		2		17
Brokerage, clearing, and exchange fees		370			387			346		(4	)	7
Occupancy and related depreciation		328			309			273		6		20
Professional fees		263			242			245		9		7
Advertising and market development		166			176			200		(6	)	(17	)
Office supplies and postage		55			57			56		(4	)	(2	)
Other		311			313			300		(1	)	4
Restructuring charge		445			-			-		N/M		N/M

Total non-interest expenses		5,995			6,235			6,633		(4	)	(10	)

Pre-tax (loss)/earnings from continuing operations		(8,111	)		(3,301	)		2,826		N/M		N/M

Income tax (benefit)/expense		(3,477	)		(1,332	)		816		N/M		N/M

Net (loss)/earnings from continuing operations		(4,634	)		(1,969	)		2,010		N/M		N/M

Discontinued operations:
Pre-tax (loss)/earnings from discontinued operations		(32	)		(25	)		197		N/M		N/M
Income tax (benefit)/expense		(12	)		(32	)		68		N/M		N/M
Net (loss)/earnings from discontinued operations		(20	)		7			129		N/M		N/M

Net (loss)/earnings	$	(4,654	)	$	(1,962	)	$	2,139		N/M		N/M

Preferred stock dividends	$	237		$	174		$	72		36		229

Net (loss)/earnings applicable to common stockholders	$	(4,891	)	$	(2,136	)	$	2,067		N/M		N/M

Basic (loss)/earnings per common share from continuing operations		(4.95	)		(2.20	)		2.32		N/M		N/M
Basic (loss)/earnings per common share from discontinued operations		(0.02	)		0.01			0.16		N/M		N/M
Basic (loss)/earnings per common share	$	(4.97	)	$	(2.19	)	$	2.48		N/M		N/M

Diluted (loss)/earnings per common share from continuing operations		(4.95	)		(2.20	)		2.10		N/M		N/M
Diluted (loss)/earnings per common share from discontinued operations		(0.02	)		0.01			0.14		N/M		N/M
Diluted (loss)/earnings per common share	$	(4.97	)	$	(2.19	)	$	2.24		N/M		N/M

Average shares used in computing earnings per common share
Basic		984.1			974.1			833.8		1		18
Diluted		984.1			974.1			923.3		1		7

Annualized return on average common equity from continuing operations
		N/M			N/M			21.0	%
Annualized return on average common equity		N/M			N/M			22.4	%

N/M = Not Meaningful
Note: Certain prior period amounts have been reclassified to conform to the current period presentation.
(1) Includes gains and losses on investment securities, private equity investments, loans and other miscellaneous items.

Merrill Lynch & Co., Inc.				Attachment II

Preliminary Unaudited Earnings Summary
	For the Six Months Ended
(in millions, except per share amounts)	Jun. 27, 2008			Jun. 29 2007			Percent Inc / (Dec)

Revenues
Principal transactions	$	(6,501	)	$	6,290		N/M	%
Commissions		3,700			3,500		6
Managed accounts and other fee-based revenues		2,854			2,633		8
Investment banking		2,075			3,038		(32	)
Earnings from equity method investments		542			684		(21	)
Other ⁽¹⁾		(3,324	)		1,228		N/M
Subtotal		(654	)		17,373		N/M

Interest and dividend revenues		19,396			27,168		(29	)
Less interest expense		17,924			25,479		(30	)
Net interest profit		1,472			1,689		(13	)

Revenues, net of interest expense		818			19,062		(96	)

Non-interest expenses
Compensation and benefits		7,687			9,585		(20	)
Communications and technology		1,121			961		17
Brokerage, clearing, and exchange fees		757			656		15
Occupancy and related depreciation		637			538		18
Professional fees		505			471		7
Advertising and market development		342			355		(4	)
Office supplies and postage		112			115		(3	)
Other		624			654		(5	)
Restructuring charge		445			-		N/M

Total non-interest expenses		12,230			13,335		(8	)

Pre-tax (loss)/earnings from continuing operations		(11,412	)		5,727		N/M

Income tax (benefit)/expense		(4,809	)		1,687		N/M

Net (loss)/earnings from continuing operations		(6,603	)		4,040		N/M

Discontinued operations:
Pre-tax (loss)/earnings from discontinued operations		(57	)		391		N/M
Income tax (benefit)/expense		(44	)		134		N/M
Net (loss)/earnings from discontinued operations		(13	)		257		N/M

Net (loss)/earnings	$	(6,616	)	$	4,297		N/M

Preferred stock dividends	$	411		$	124		231

Net (loss)/earnings applicable to common stockholders	$	(7,027	)	$	4,173		N/M

Basic (loss)/earnings per common share from continuing operations		(7.17	)		4.67		N/M
Basic (loss)/earnings per common share from discontinued operations		(0.01	)		0.31		N/M
Basic (loss)/earnings per common share	$	(7.18	)	$	4.98		N/M

Diluted (loss)/earnings per common share from continuing operations		(7.17	)		4.22		N/M
Diluted (loss)/earnings per common share from discontinued operations		(0.01	)		0.28		N/M
Diluted (loss)/earnings per common share	$	(7.18	)	$	4.50		N/M

Average shares used in computing earnings per common share
Basic		978.5			837.6		17
Diluted		978.5			926.8		6

Annualized return on average common equity from continuing operations
		N/M			21.4	%
Annualized return on average common equity		N/M			22.8	%

N/M = Not Meaningful
Note: Certain prior period amounts have been reclassified to conform to the current period presentation.
(1) Includes gains and losses on investment securities, private equity investments, loans and other miscellaneous items.

Merrill Lynch & Co., Inc.														Attachment III


Preliminary Segment Data (unaudited)
	For the Three Months Ended									Percent Inc / (Dec)				For the Six Months Ended
	Jun. 27,			Mar. 28,			Jun. 29,			2Q08 vs.		2Q08 vs.		Jun. 27,			Jun. 29,			Percent
(dollars in millions)	2008			2008			2007			1Q08		2Q07		2008			2007			Inc / (Dec)

Global Markets & Investment Banking
Global Markets
FICC	$	(8,068	)	$	(3,378	)	$	2,421		N/M	%	N/M	%	$	(11,446	)	$	5,046		N/M	%
Equity Markets		1,727			1,883			2,148		(8	)	(20	)		3,610			4,534		(20	)
Total Global Markets net revenues		(6,341	)		(1,495	)		4,569		N/M		N/M			(7,836	)		9,580		N/M
Investment Banking ⁽¹⁾
Origination:
Debt		367			231			471		59		(22	)		598			1,057		(43	)
Equity		338			199			547		70		(38	)		537			910		(41	)
Strategic Advisory Services		317			375			397		(15	)	(20	)		692			796		(13	)
Total Investment Banking net revenues		1,022			805			1,415		27		(28	)		1,827			2,763		(34	)
Total net revenues		(5,319	)		(690	)		5,984		N/M		N/M			(6,009	)		12,343		N/M

Non-interest expenses before restructuring charge		2,929			3,357			4,047		(13	)	(28	)		6,286			8,199		(23	)

Restructuring charge		311			-			-		N/M		N/M			311			-		N/M

Pre-tax (loss) / earnings from continuing operations		(8,559	)		(4,047	)		1,937		N/M		N/M			(12,606	)		4,144		N/M

Pre-tax (loss) / earnings from continuing operations, before restructuring charge		(8,248	)		(4,047	)		1,937		N/M		N/M			(12,295	)		4,144		N/M

Pre-tax profit margin		N/M			N/M			32.4	%						N/M			33.6	%

Pre-tax profit margin, before restructuring charge		N/M			N/M			32.4	%						N/M			33.6	%

Global Wealth Management
Global Private Client
Fee-based revenues	$	1,591		$	1,625		$	1,544		(2	)	3		$	3,216		$	3,017		7
Transactional and origination revenues		897			926			1,015		(3	)	(12	)		1,823			1,926		(5	)
Net interest profit and related hedges⁽²⁾		604			638			577		(5	)	5			1,242			1,169		6
Other revenues		74			111			113		(33	)	(35	)		185			210		(12	)
Total Global Private Client net revenues		3,166			3,300			3,249		(4	)	(3	)		6,466			6,322		2
Global Investment Management net revenues		193			299			305		(35	)	(37	)		492			566		(13	)
Total net revenues		3,359			3,599			3,554		(7	)	(5	)		6,958			6,888		1

Non-interest expenses before restructuring charge		2,621			2,879			2,575		(9	)	2			5,500			5,125		7

Restructuring charge		134			-			-		N/M		N/M			134			-		N/M

Pre-tax (loss) / earnings from continuing operations		604			720			979		(16	)	(38	)		1,324			1,763		(25	)

Pre-tax (loss) / earnings from continuing operations, before restructuring charge		738			720			979		3		(25	)		1,458			1,763		(17	)

Pre-tax profit margin		18.0	%		20.0	%		27.5	%						19.0	%		25.6	%

Pre-tax profit margin, before restructuring charge		22.0	%		20.0	%		27.5	%						21.0	%		25.6	%

Corporate
Total net revenues	$	(156	)	$	25		$	(79	)	N/M		N/M		$	(131	)	$	(169	)	22

Non-interest expenses before restructuring charge		-			(1	)	$	11		N/M		N/M			(1	)	$	11		N/M

Restructuring charge		-			-			-		N/M		N/M			-			-		N/M

Pre-tax (loss) / earnings from continuing operations		(156	)		26			(90	)	N/M		73			(130	)		(180	)	28

Total
Total net revenues	$	(2,116	)	$	2,934		$	9,459		N/M		N/M		$	818		$	19,062		(96	)

Non-interest expenses before restructuring charge		5,550			6,235			6,633		(11	)	(16	)		11,785			13,335		(12	)

Restructuring charge		445			-			-		N/M		N/M			445			-		N/M

Pre-tax (loss) / earnings from continuing operations		(8,111	)		(3,301	)		2,826		N/M		N/M			(11,412	)		5,727		N/M


Pre-tax profit margin		N/M			N/M			29.9	%						N/M			30.0	%


Note: Certain prior period amounts have been reclassified to conform to the current period presentation.
(1) A portion of Origination revenue is recorded in Global Wealth Management.
(2) Includes interest component of non-qualifying derivatives which are included in Other Revenues in Attachment I and II.

Merrill Lynch & Co., Inc.							Attachment IV


Consolidated Quarterly Earnings (unaudited)		(in millions, except per share amounts)

		2Q07		3Q07			4Q07			1Q08			2Q08
	Revenues
	Principal transactions	$	3,556	$	(5,761	)	$	(12,596	)	$	(2,418	)	$	(4,083	)
	Commissions
	Listed and over-the-counter securities		1,195		1,279			1,294			1,319			1,221
	Mutual funds		541		522			570			532			539
	Other		51		59			60			38			51
	Total		1,787		1,860			1,924			1,889			1,811
	Managed accounts and other fee-based revenues
	Portfolio service fees		860		904			902			892			852
	Asset management fees		152		150			179			206			198
	Account fees		115		117			120			117			116
	Other fees		222		221			239			240			233
	Total		1,349		1,392			1,440			1,455			1,399
	Investment banking
	Underwriting		1,130		895			717			543			841
	Strategic advisory		398		382			550			374			317
	Total		1,528		1,277			1,267			917			1,158
	Earnings from equity method investments		375		412			531			431			111
	Other⁽¹⁾		387		(1,114	)		(2,304	)		(1,449	)		(1,875	)
	Subtotal		8,982		(1,934	)		(9,738	)		825			(1,479	)
	Interest and dividend revenues		14,447		15,636			14,170			11,861			7,535
	Less interest expense		13,970		13,322			12,624			9,752			8,172
	Net interest profit		477		2,314			1,546			2,109			(637	)


	Revenues, net of interest expense		9,459		380			(8,192	)		2,934			(2,116	)

	Non-Interest Expenses
	Compensation and benefits		4,731		1,979			4,339			4,196			3,491
	Communications and technology		482		499			597			555			566
	Brokerage, clearing, and exchange fees		346		364			395			387			370
	Occupancy and related depreciation		273		295			306			309			328
	Professional fees		245		245			311			242			263
	Advertising and market development		200		181			249			176			166
	Office supplies and postage		56		54			64			57			55
	Other		300		401			467			313			311
	Restructuring charge		-		-			-			-			445
	Total Non-Interest Expenses		6,633		4,018			6,728			6,235			5,995

	Pre-tax earnings/(loss) from continuing operations		2,826		(3,638	)		(14,920	)		(3,301	)		(8,111	)
	Income tax expense/(benefit)		816		(1,258	)		(4,623	)		(1,332	)		(3,477	)

	Net earnings/(loss) from continuing operations		2,010		(2,380	)		(10,297	)		(1,969	)		(4,634	)

	Discontinued operations:
	Pre-tax earnings/(loss) from discontinued operations		197		211			795			(25	)		(32	)
	Income tax expense/(benefit)		68		72			331			(32	)		(12	)
	Net (loss)/earnings from discontinued operations		129		139			464			7			(20	)

	Net earnings/(loss)	$	2,139	$	(2,241	)	$	(9,833	)	$	(1,962	)	$	(4,654	)


Per Common Share Data
		2Q07		3Q07			4Q07			1Q08			2Q08

	Earnings/(loss) from continuing operations - Basic	$	2.32	$	(2.99	)	$	(12.57	)	$	(2.20	)	$	(4.95	)
	Earnings/(loss) from continuing operations - Diluted		2.10		(2.99	)		(12.57	)		(2.20	)		(4.95	)
	Dividends paid		0.35		0.35			0.35			0.35			0.35
	Book value		43.55		39.60			29.34			25.93		21.43 est.


Note: Certain prior period amounts have been reclassified to conform to the current period presentation.
(1) Includes gains and losses on investment securities, private equity investments, loans and other miscellaneous items.

Merrill Lynch & Co., Inc.						Attachment V


Supplemental Data (unaudited)						(dollars in billions)

		2Q07		3Q07		4Q07		1Q08		2Q08
	Client Assets
	U.S.	$	1,550	$	1,601	$	1,586	$	1,479	$	1,447
	Non - U.S.		153		161		165		158		158
	Total Client Assets		1,703		1,762		1,751		1,637		1,605

	Assets in Annuitized-Revenue Products		662		691		655		607		630


	Net New Money
	All Client Accounts ⁽¹⁾	$	9	$	26	$	30	$	4	$	(5	)

	Annuitized-Revenue Products ^{(1) (2)}		12		10		-		9		8


	Balance Sheet Information: ⁽³⁾
	Short-term Borrowings	$	20.1	$	27.1	$	24.9	$	21.6	$	19.1
	Deposits		82.8		95.0		104.0		104.8		100.5
	Long-term Borrowings		226.0		264.9		261.0		259.5		270.4
	Junior Subordinated Notes (related to trust preferred securities)		4.4		5.2		5.2		5.2		5.2

	Stockholders' Equity: ⁽³⁾
	Preferred Stockholders' Equity		4.6		4.8		4.4		11.0		13.7
	Common Stockholders' Equity		37.6		33.8		27.5		25.5		21.1
	Total Stockholders' Equity		42.2		38.6		31.9		36.5		34.8


	Full-Time Employees ⁽⁴⁾		61,900		64,200		64,200		63,100		60,000

	Financial Advisors		16,200		16,610		16,740		16,660		16,690


Common shares outstanding (in millions):
	Weighted-average - basic		833.8		821.6		825.0		974.1		984.1
	Weighted-average - diluted		923.3		821.6		825.0		974.1		984.1
	Period-end		862.6		855.4		939.1		985.1		985.4

Note: Certain prior period amounts have been reclassified to conform to the current period presentation.

(1)	Net new money excludes flows associated with the Institutional Advisory Division which serves certain small- and middle-market companies, as well as net inflows at BlackRock from distribution channels other than Merrill Lynch.

(2)	Includes both net new client assets into annuitized-revenue products, as well as existing client assets transferred into annuitized-revenue products.

(3)	Balance Sheet Information and Stockholders' Equity are estimated for 2Q08.

(4)	Excludes 300 full-time employees on salary continuation severance at the end of 2Q07, 400 at the end of 3Q07, 700 at the end of 4Q07, 900 at the end of 1Q08 and 2,800 at the end of 2Q08.

Merrill Lynch & Co., Inc.							Attachment VI



(Unaudited)							(dollars in millions)

		Net exposures as of Mar. 28, 2008		Net gains/(losses) reported in income ⁽¹⁾			Other net changes in net exposures⁽²⁾			Net exposures as of Jun. 27, 2008		Percent Inc/(Dec)
U.S. ABS CDO net exposures and losses:
U.S. super senior ABS CDO net exposures and losses:
High-grade		$	4,121	$	(2,933	)	$	1,266		$	2,454
Mezzanine			2,249		(515	)		(89	)		1,645
CDO-squared			187		(11	)		(43	)		133
Total super senior ABS CDO net exposures and losses			6,557		(3,459	)		1,134			4,232
Secondary trading			114		(33	)		146			227
Total ⁽³⁾⁽⁴⁾		$	6,671	$	(3,492	)	$	1,280		$	4,459	(33	)%

(1)	Amounts exclude credit valuation adjustments of negative $1.4 billion for the 2008 second quarter ($6.2 billion life-to-date) related to financial guarantor exposures on U.S. super senior ABS CDOs. See table below regarding financial guarantor exposures.
(2)	Primarily consists of hedge ineffectiveness, transactions executed, and amortization during the period.
(3)	Hedges are affected by a variety of factors that impact the degree of their effectiveness. These factors may include differences in attachment point, timing of cash flows, control rights, litigation, the creditworthiness of the counterparty, limited recourse to counterparties and other basis risks.
(4)	For total U.S. super senior ABS CDOs, long exposures (including associated net gains and losses reported in income and other net changes in net exposures) were $19.9 billion and $26.3 billion at June 27, 2008 and March 28, 2008, respectively. Short exposures (including associated net gains and losses reported in income and other net changes in net exposures) were $15.6 billion and $19.8 billion at June 27, 2008 and March 28, 2008, respectively. Short exposures primarily consist of purchases of credit default swap protection from various third parties, including monoline financial guarantors, insurers and other market participants.

		Financial Guarantors Exposure on U.S. Super Senior ABS CDOs as of June 27, 2008
		Notional of CDS⁽¹⁾			Notional of CDS, net of gains prior to credit valuation adjustments ⁽²⁾			Mark-to-market gains prior to credit valuation adjustments⁽³⁾		Credit valuation adjustments⁽⁴⁾			Mark-to-market value of CDS
Credit default swaps (CDS) with financial guarantors:
By counterparty credit quality:⁽⁵⁾
AAA		$	-		$	-		$	-	$	-		$	-
AA			(6,726	)		(4,667	)		2,059		(721	)		1,338
A			(1,598	)		(334	)		1,264		(758	)		506
BBB			(3,741	)		(1,170	)		2,571		(1,542	)		1,029
Non-investment grade or unrated			(6,632	)		(3,428	)		3,204		(3,204	)		-
Total		$	(18,697	)	$	(9,599	)	$	9,098	$	(6,225	)	$	2,873

(1)	The gross notional amount of CDS purchased as protection for U.S. super senior ABS CDOs was $18.7 billion and $18.8 billion at June 27, 2008, and March 28, 2008, respectively. This decline was due to amortization of the underlying reference entities on the CDS. Amounts do not include exposure with financial guarantors for other asset classes.
(2)	The notional of the total CDS, net of gains prior to credit valuation adjustments, was $9.6 billion and $10.9 billion at June 27, 2008 and March 28, 2008, respectively.
(3)	Represents life-to-date mark-to-market gains prior to credit valuation adjustments. Balance was $9.1 billion and $7.8 billion as of June 27, 2008 and March 28, 2008, respectively.
(4)	Represents life-to-date credit valuation adjustments. Balance was $6.2 billion and $4.8 billion as of June 27, 2008 and March 28, 2008, respectively.
(5)	Represents S&P credit rating bands as of June 27, 2008.

Merrill Lynch & Co., Inc.							Attachment VII



(Unaudited)							(dollars in millions)

		Net exposures as of Mar. 28, 2008		Net gains/(losses) reported in income			Other net changes in net exposures ⁽¹⁾			Net exposures as of Jun. 27, 2008		Percent Inc/(Dec)
Residential Mortgage-Related (excluding U.S. Banks investment securities portfolio):

U.S. Prime ⁽²⁾		$	30,750	$	67		$	2,901		$	33,718	10	%

Other Residential:
U.S. Sub-prime			1,435		(544	)		121			1,012	(29	)%
U.S. Alt-A			3,172		(549	)		(1,081	)		1,542	(51	)%
Non-U.S.			8,769		(229	)		(1,092	)		7,448	(15	)%
Total Other Residential⁽³⁾		$	13,376	$	(1,322	)	$	(2,052	)	$	10,002	(25	)%

(1)	Represents purchases, sales, hedges, paydowns, changes in loan commitments and related funding.
(2)	As of June 27, 2008, net exposures include approximately $29 billion of prime loans originated with GWM clients (of which $13 billion were originated by First Republic Bank).
(3)	Includes warehouse lending, whole loans, residuals and residential mortgage-backed securities.

		Net exposures as of Mar. 28, 2008		Net gains/(losses) reported in income ⁽¹⁾			Unrealized gains/(losses) included in OCI (pre-tax) ⁽²⁾			Other net changes in net exposures ⁽³⁾			Net exposures as of Jun. 27, 2008		Percent Inc/(Dec)
U.S. Banks Investment Securities Portfolio:
	Sub-prime residential mortgage-backed securities	$	3,327	$	(91	)	$	(212	)	$	(123	)	$	2,901
	Alt-A residential mortgage-backed securities		5,330		(1,378	)		601			(215	)		4,338
	Commercial mortgage-backed securities		5,088		13			270			5			5,376
	Prime residential mortgage-backed securities		3,580		(211	)		82			(337	)		3,114
	Non-residential asset-backed securities		988		(7	)		2			(152	)		831
	Non-residential CDOs		770		(1	)		(20	)		(4	)		745
	Agency residential asset-backed securities		532		2			-			(29	)		505
	Other		229		-			2			(5	)		226
	Total	$	19,844	$	(1,673	)	$	725		$	(860	)	$	18,036	(9	)%

(1)	Includes the impairment in the value of certain securities deemed to be other than temporary.
(2)	Represents the reclassification of approximately $1.7 billion in pre-tax losses out of other comprehensive (loss)/income ("OCI"), partially offset by an additional $979 million pre-tax loss recorded in OCI. The cumulative, pre-tax balance in OCI related to this portfolio was approximately negative $4.7 billion as of June 27, 2008.
(3)	Primarily represents principal paydowns and sales.

		Net exposures as of Mar. 28, 2008		Net gains/(losses) reported in income			Other net changes in net exposures ⁽¹⁾			Net exposures as of Jun. 27, 2008		Percent Inc/(Dec)
Commercial Real Estate:
	Whole Loans/Conduits	$	9,750	$	30		$	(1,908	)	$	7,872
	Securities and Derivatives		960		(61	)		(324	)		575
	Real Estate Investments⁽²⁾		7,288		(6	)		(828	)		6,454
	Total Commercial Real Estate, excluding First Republic Bank	$	17,998	$	(37	)	$	(3,060	)	$	14,901	(17	)%

	First Republic Bank	$	2,586	$	22		$	62		$	2,670	3	%

(1)	Primarily represents sales, repayments and the cancellation of unfunded commitments.
(2)	The Company makes equity and debt investments in entities whose underlying assets are real estate. The Company consolidates those entities in which we are the primary beneficiary in accordance with FIN No. 46-R, Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51. The Company does not consider itself to have economic exposure to the total underlying assets in those entities. The amounts presented are the Company’s net investment and therefore exclude the amounts that have been consolidated but for which the Company does not consider itself to have economic exposure.

Merrill Lynch & Co., Inc.															Attachment VIII



Revenue Reconciliation (Non-GAAP Measures)
(dollars in millions)

The following table provides the calculation of Merrill Lynch's net revenues excluding certain adjustments. While these amounts are considered non-GAAP measures, management believes that it is relevant in assessing the quality of our financial performance, identifying trends in our results and providing more meaningful period-to-period comparisons.

		For the Three Months Ended									Percent Inc / (Dec)				For the Six Months Ended
		Jun. 27,			Mar. 28,			Jun. 29,			2Q08 vs.		2Q08 vs.		Jun. 27,			Jun. 29,			Percent
		2008			2008			2007			1Q08		2Q07		2008			2007			Inc/(Dec)
GMI:
FICC
GAAP revenues, net of interest expense		$	(8,068	)	$	(3,378	)	$	2,421						$	(11,446	)	$	5,046
	Net losses / (gains) as follows:
	U.S. ABS CDOs		3,492			1,472			36							4,964			101
	Leveraged finance commitments write-downs		348			927			-							1,275			-
	Residential mortgage-related exposures		1,255			782			241							2,037			619
	U.S. Banks investment securities portfolio		1,673			421			(15	)						2,094			(42	)
	Commercial real estate		15			(53	)		(304	)						(38	)		(695	)
	Total net losses / (gains)		6,783			3,549			(42	)						10,332			(17	)

	Credit valuation adjustments ("CVA") related to hedges with financial guarantors
			2,888			3,031			-							5,919			-

	Net effect due to change in Merrill Lynch credit spreads on certain long-term debt liabilities
			(98	)		(1,379	)		(8	)						(1,477	)		15

Adjusted revenues, net of interest expense			1,505			1,823			2,371		(17	)%	(37	)%		3,328			5,044		(34	)%

Equity Markets
GAAP revenues, net of interest expense			1,727			1,883			2,148							3,610			4,534
	Net losses / (gains)		-			-			-							-			-
	CVA related to hedges with financial guarantors		-			-			-							-			-
	Effect of Merrill Lynch credit spreads		-			(695	)		(20	)						(695	)		(34	)
Adjusted revenues, net of interest expense			1,727			1,188			2,128		45	%	(19	)%		2,915			4,500		(35	)%

Investment Banking
GAAP revenues, net of interest expense			1,022			805			1,415							1,827			2,763
	Net losses / (gains)		-			-			-							-			-
	CVA related to hedges with financial guarantors		-			-			-							-			-
	Effect of Merrill Lynch credit spreads		-			-			-							-			-
Adjusted revenues, net of interest expense			1,022			805			1,415		27	%	(28	)%		1,827			2,763		(34	)%

Total GMI
GAAP revenues, net of interest expense			(5,319	)		(690	)		5,984							(6,009	)		12,343
	Net losses / (gains)		6,783			3,549			(42	)						10,332			(17	)
	CVA related to hedges with financial guarantors		2,888			3,031			-							5,919			-
	Effect of Merrill Lynch credit spreads		(98	)		(2,074	)		(28	)						(2,172	)		(19	)
Adjusted revenues, net of interest expense			4,254			3,816			5,914		11	%	(28	)%		8,070			12,307		(34	)%

GWM
GAAP revenues, net of interest expense			3,359			3,599			3,554							6,958			6,888
	Net losses / (gains)		-			-			-							-			-
	CVA related to hedges with financial guarantors		-			-			-							-			-
	Effect of Merrill Lynch credit spreads		7			(29	)		-							(22	)		-
Adjusted revenues, net of interest expense			3,366			3,570			3,554		(6	)%	(5	)%		6,936			6,888		1	%

Corporate
GAAP revenues, net of interest expense			(156	)		25			(79	)						(131	)		(169	)
	Net losses / (gains)		-			-			-							-			-
	CVA related to hedges with financial guarantors		-			-			-							-			-
	Effect of Merrill Lynch credit spreads		-			-			-							-			-
Adjusted revenues, net of interest expense			(156	)		25			(79	)	N/M		N/M			(131	)		(169	)	N/M

Total
GAAP revenues, net of interest expense			(2,116	)		2,934			9,459							818			19,062
	Net losses / (gains)		6,783			3,549			(42	)						10,332			(17	)
	CVA related to hedges with financial guarantors		2,888			3,031			-							5,919			-
	Effect of Merrill Lynch credit spreads		(91	)		(2,103	)		(28	)						(2,194	)		(19	)
Adjusted revenues, net of interest expense		$	7,464		$	7,411		$	9,389		1	%	(21	)%	$	14,875		$	19,026		(22	)%

N/M = Not Meaningful

Merrill Lynch & Co., Inc.						Attachment IX



Book Value and Equity Capital Reconciliation (Non-GAAP Measures)
(dollars in billions except per share amounts, shares in millions)


Book Value Per Common Share (estimate)

During the first quarter of 2008, Merrill Lynch issued 66,000 shares of 9% mandatory convertible preferred stock for an aggregate purchase price of $6.6 billion to the Korea Investment Corporation, Kuwait Investment Authority and Mizuho Corporate Bank. The following table provides the calculation of Merrill Lynch's equity book value per share to investors adjusted for this offering on an "if-converted" basis. While this adjusted amount is considered a non-GAAP measure, management believes it is a useful presentation of the capital position of the firm, as the mandatory convertible preferred securities must convert to common shares by October 15, 2010.


			Adjustment for
			Convertible Preferred
			on an "if-converted" Basis			Adjusted on an
	As of		at $52.40 ⁽¹⁾			"if-converted"
	Jun. 27, 2008		Per Share			Basis


Common Stockholders' Equity	$	21.1	$	6.6		$	27.7
Preferred Stock		13.7		(6.6	)		7.1
Total Stockholders' Equity	$	34.8	$	-		$	34.8

Common Shares Outstanding		985.4		126.0			1,111.3

Book Value Per Common Share	$	21.43					N/A

Adjusted Book Value Per Common Share⁽²⁾		N/A				$	24.94




Equity Capital (estimate)

The following table provides the calculation of Merrill Lynch's total equity capital, which includes total stockholders' equity and trust preferred securities. Merrill Lynch defines equity capital more broadly than stockholders' equity under U.S. GAAP, as the firm includes other capital instruments with equity-like characteristics such as trust preferred securities that have long-dated maturities or are perpetual.

	As of
	Jun. 27, 2008

Total Stockholders' Equity	$	34.8
Add Trust Preferred Securities		4.7
Total Equity Capital	$	39.5


(1) $52.40 is the "Reference Stock Price" or minimum conversion price at maturity. The maximum conversion price at maturity is $61.30. See the press release dated January 15th, 2008 and term sheet on the investor relations website at www.ir.ml.com for further information about the terms of these securities.
(2) Adjusted book value per common share is calculated by dividing: (A) common stockholders' equity after giving effect for conversion of convertible preferred on an "if-converted" basis at $52.40 per share by (B) common shares outstanding adjusted for such conversion.

CONTACT:
Merrill Lynch
Media Relations:
Jessica Oppenheim, 212-449-2107
jessica_oppenheim@ml.com
or
Investor Relations:
Sara Furber, 866-607-1234
investor_relations@ml.com