American Stock Exchange Lists Return Notes

The American Stock Exchange® (Amex®) today began trading Merrill Lynch's Accelerated Return Notes Linked to S&P 500 Index. Priced at $10.00 per unit with an initial offer size of 8,700,000 shares, this equity trades under the ticker symbol MLD and has a maturity date of April 7, 2008.

The notes are issued by Merrill Lynch. The Amex specialist unit is LaBranche Structured Products, LLC.
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993.

Leading the industry in ETF listings, the Amex lists 259 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please speak with the Media Contact above. -- www.amex.com