Broker Dealer clients, click here to access MLMarkets®. What are CoreNotes? CoreNotes are medium-term notes for the individual investor. A variety of CoreNotes tranches are issued on a weekly basis. CoreNotes are an easy way for individual investors to participate in the debt new issue market and can be purchased through a participating broker dealer by prospectus only. Key Characteristics: Low minimum investment – $1,000 with increments of $1,000 thereafter Multiple coupon payment options – Monthly, quarterly, semi-annual or annual basis Different structures – Both callable and bullet structures at the election of the issuer Various maturities – From 1 year to 30 years Constant coupons – Interest rates are set at the beginning of the offering period, and are generally held constant throughout that period Credit quality of CoreNotes – Varies according to issuer ratings Survivor's option – May contain a survivor's option which is a feature that allows the estate of the beneficial owner of the CoreNotes to return (or “put”) the notes to the issuer at par. Whether a particular tranche of CoreNotes contains this future remains subject to the issuer's discretion. The information in this Internet site is directed at, and is intended for distribution to, and for use by, persons in the U.S. only, and is not intended for distribution to or use by any person in any other jurisdiction. Merrill Lynch does not warrant the accuracy or completeness of any price, tax, or other information on this site, or any investment, tax or other benefits associated with CoreNotes® (and other similar securities). The information on CoreNotes (and other similar securities) contained in this Internet site is solely for informational purposes and does not constitute either an offer to sell or the solicitation of an offer to buy CoreNotes (and other similar securities). Under no circumstances does this information constitute an offer to sell, nor shall there be any sale of CoreNotes (and other similar securities) in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This information on CoreNotes (and other similar securities) is not, and is not intended to be, a complete discussion of all material information you should know about CoreNotes (and other similar securities). If you are considering whether to purchase CoreNotes (and other similar securities), you should carefully read the relevant prospectus and prospectus supplement or other offering document prior to making a purchase. You should not rely on the information contained in this Internet site in connection with the purchase of any CoreNotes (and other similar securities). The information on CoreNotes (and other similar securities) does not constitute a specific recommendation or a solicitation to buy any security. The investments referenced do not take into account the investment objectives, financial situation or particular needs of any specific person. Please view Terms and Conditions of Use for additional important legal information and the terms and conditions governing your use of this site. Any content relating to a specific issuance of CoreNotes (and other similar securities) that may be contained in the “Issuers” page, or elsewhere throughout this Internet site, is subject to change or cancellation without prior notice. It is your responsibility to verify any information contained in this Internet site before making your investment decision. To obtain a hard copy of a prospectus or other offering document for a particular CoreNotes (and other similar securities) issuer, please contact the Merrill Lynch Dealer Sales Desk at +1 212 449 5107 or our Prospectus Distribution Center at +1 888 MLMAIL1. CoreNotes and www.corenotes.ml.com are registered service marks of Merrill Lynch & Co., Inc. © Copyright 2003-2006, Merrill Lynch, Pierce, Fenner & Smith Incorporated. All rights reserved.