Minimum Deposit for CMA^® Accounts

Account Maintenance Fee
(Effective July 1, 2005)
Click here to see notice

Merrill Lynch CMA and Beyond Banking Access^SM Visa^® Card Fee (Debit Card)

Merrill Lynch Visa^® Signature Card Fee (Optional)

Account Transfer Fee

Retirement Accounts

Minimum deposit to open

Annual Custodial Fee
(Effective July 1, 2005)
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Account Transfer Fee

Overnight Mail (for Mandatory Distributions Only)

Closeout Fee

Equities

Market Orders (up to 1000 shares)

Additional per share above ceiling (> 1000 shares)

Limit and/or Stop Orders

Good Until Cancelled Orders

Representative-Assisted Trades

0 - 100

101- 250

251- 500

501 - 1000

1001+

Limit and/or Stop Orders

Good Until Cancelled Orders

Mutual Funds

No Load/No Transaction Fee Funds

Merrill Lynch Short-Term Redemption fee if held less than 180 days*

See Prospectus for fund's Sales Charges.
No Merrill Lynch transaction fees.

No Merrill Lynch charge.

Fixed Income

US Treasury: Bills, Notes, Bonds

Agency: Discount, Notes, Bonds

Zero Coupon Bonds: Corporate, Government, Agency

Municipal Bonds

Corporate Bonds

Certificates of Deposit

Options

Contracts	Dollar Amount per Contract	% of Principal
0 - 49	$1.50	+1.2% of principal
50 - 149	$0.90	+1.4% of principal
150 - 499	$0.60	+1.6% of principal
500 – 1,499	$0.50	+1.6% of principal
1500+	$0.50	+1.2% of principal

* Minimum Charge - $35

Principal Amount	Flat Dollar Amount	% of Principal
$0 - $2,499	$23	+1.3% of principal
$2,500 - $9,999	$39	+0.65% of principal
$10,000+	$79	+0.25% of principal

* Minimum Charge - $35
* Maximum Charge - $64 for 1st two contracts, plus $3.20 per contract thereafter.
Good Until Cancelled Orders - Subject to more than 1 commission charge if order is not fully executed on the same business day.

 

Representative-Assisted Trade Minimum Charges

Options with Premiums of $0.50 or less

Options with Premiums Greater than $0.50

Representative-Assisted Trade Maximum Charges

Options with Premiums of $0.50 or less

Options with Premiums Greater than $0.50

Margin Rates

Effective March 19, 2008 the new ML Base Lending Rate is 6.000% — a decrease of 0.750%. Subsequently, margin interest rates now range from 5.250% - 9.375%.

Loan Amount

Less than $25,000

$25,000 - $99,999

$100,000 - $499,999

$500,000 - $999,999

$1,000,000 - $4,999,999

$5,000,000 - $9,999,999

$10,000,000 +

Additional/Miscellaneous Fees

Checking

Additional Check Printing

Canceled Check Fee

Trade Confirmation Copy Request

Return Check Fee

Return Check Deposit Fee

Returned ACH Debit Fee

Stop Payment Fee

ATM transaction fee***

Bill Payment

Return Deposits

Cash Advance Fee (Non ATM)

Visa International Transaction Fee

Wire Transfer Fee (Fed Funds - Domestic)

Wire Transfer Fee (Fed Funds - International)

Legal Transfer Fee

Register & Ship (Delivery of Non-Gov't Security)

Overnight Mail Request

Municipal Bond Coupon Processing

Government Security Transfer Fee

FTS return

Past due exchanges

Past due redemptions

Optional Exchange Fee

Mandatory Exchange Fee

Statement Requests

Fractional Share Fee Liquidation

* Fund shares may be redeemed directly with the Fund without payment of the Merrill Lynch Short-Term Redemption fee.

** This rate fluctuates with current market conditions.

*** Visa^® Signature cardholders — First 52 transactions free; $1 per transaction thereafter. Some ATM owners/operators may charge a fee for use of their machines.

Note:  The above fees and charges are subject to change in accordance with the Merrill Lynch Direct Terms of Service.