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<TITLE>FORM S-8</TITLE>
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  <DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>As
filed with the Securities and Exchange Commission on September
20, 2007</B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Registration
No.&nbsp;333&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>
</DIV>
<p>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 0pt"><B>Form&nbsp;S-8</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 0pt"><B>MERRILL LYNCH &#038; CO., INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><I>(Exact name of registrant as specified in its charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD align="center" valign="top"><B>DELAWARE</B><BR>
(<I>State or jurisdiction of <BR>
incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>13-2740599</B><BR>
<I>(I.R.S. Employer<BR>
Identification No.)</I></TD>
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</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>4 World Financial Center<BR>
New York, New York 10080<BR>
(212)&nbsp;449-1000</B><BR>
<I>(Address of principal executive offices)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>First Republic Bank Amended and Restated Employee Stock Purchase Plan<BR>
First Republic Bank 1998 Stock Option Plan, as amended and restated</B><BR>
<I>(Full title of the Plans)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Richard Alsop, Esq.<BR>
General Counsel Corporate Law<BR>
Merrill Lynch &#038; Co., Inc.<BR>
222 Broadway &#151; 17th Floor<BR>
New York, New York 10038</B><BR>
<I>(Name and address of agent for service)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(212)&nbsp;449-1000</B><BR>
<I>(Telephone Number, Including Area Code, of Agent For Service)</I></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Calculation of Registration Fee</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of Each Class of</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed Maximum</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Securities to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount of Shares to be</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Offering Price Per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Aggregate Offering</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registration Fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Registered(2)(3)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Share (4)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Price (4)</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>(4)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

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                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common stock, par
value $1.331/3 per
share (including
preferred shares
purchase rights)(1)</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">1,124,544</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$74.13</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$83,362,447</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 2px solid #000000">$2,559.23</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
</TR>

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</DIV>



<DIV style="margin-top: 3pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Prior to the occurrence of certain events, the preferred share purchase rights will not be
evidenced separately from the Common Stock. The value attributable to such rights, if any, is
reflected in the market price of the Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>The number of shares registered is based on an estimate of the maximum number of shares of
common stock of Merrill Lynch &#038; Co., Inc. issuable under the First Republic Bank 1998 Stock
Option Plan and other First Republic Stock Options programs.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(3)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this registration
statement shall be deemed to cover an indeterminate number of additional shares that may
become issuable as a result of stock splits, stock dividends or similar transactions pursuant
to the anti-dilution provisions of the Plans.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(4)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated pursuant to Rules 457(c) and 457(h)(1) solely for the purpose of calculating the
registration fee and based upon the average of the high and low price of Common Stock of
Merrill Lynch on September&nbsp;18, 2007.</TD>
</TR>

</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interests of Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption From Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="y39750exv5w1.htm">EX-5.1: OPINION OF SULLIVAN & CROMWELL LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y39750exv5w2.htm">EX-5.2: OPINION OF RICHARD ALSOP</A></TD></TR>
<TR><TD colspan="9"><A HREF="y39750exv15w1.htm">EX-15.1: LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="y39750exv23w3.htm">EX-23.3: CONSENT OF DELOITTE & TOUCHE LLP</A></TD></TR>
</TABLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The document(s) containing the information specified in Part&nbsp;I of Form S-8 will be sent or
given to participating employees as specified by Rule&nbsp;428(b)(1) of the Securities Act of 1933, as
amended, or the Act. These document(s) and the documents incorporated by reference herein pursuant
to Item&nbsp;3 of Part&nbsp;II hereof, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Act.
</DIV>

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<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>
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<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by Merrill Lynch &#038; Co., Inc., or Merrill Lynch, with the
Securities and Exchange Commission, or SEC, are incorporated herein by reference:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annual Report on Form 10-K for the fiscal year ended December&nbsp;29, 2006, filed
with the SEC on February&nbsp;26, 2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proxy Statement/Prospectus of Merrill Lynch and First Republic Bank, dated June
22&#184; 2007, filed with the SEC pursuant to Rule&nbsp;424(b)(3) under the Act, on June&nbsp;22,
2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quarterly Report on Form 10-Q for the period ended March&nbsp;30, 2007, filed with
the SEC on May&nbsp;7, 2007;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Quarterly Report on Form 10-Q for the period ended June&nbsp;29, 2007, filed with the
SEC on August&nbsp;3, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Current Reports on Form 8-K filed with the SEC on January&nbsp;5, 2007, January&nbsp;18,
2007, January&nbsp;26, 2007, January&nbsp;30, 2007, February&nbsp;5, 2007, February&nbsp;7, 2007,
February&nbsp;23, 2007, February&nbsp;27, 2007, February&nbsp;28, 2007, March&nbsp;1, 2007, March&nbsp;5,
2007, March&nbsp;13, 2007 (3), March&nbsp;15, 2007, March&nbsp;16, 2007, March&nbsp;21, 2007 (2), March
28, 2007, April&nbsp;5, 2007 (3), April&nbsp;9, 2007, April&nbsp;11, 2007 (2), April&nbsp;19, 2007,
April&nbsp;25, 2007, April&nbsp;30, 2007 (2), May&nbsp;2, 2007, May&nbsp;3, 2007, May&nbsp;4, 2007, May&nbsp;8,
2007, May&nbsp;9, 2007, May&nbsp;17, 2007, May&nbsp;18, 2007, May&nbsp;25, 2007, May&nbsp;31, 2007, June&nbsp;1,
2007 (2), June&nbsp;4, 2007 (2), June&nbsp;6, 2007, June&nbsp;25, 2007, June&nbsp;26, 2007, June&nbsp;29,
2007, July&nbsp;2, 2007, July&nbsp;3, 2007, July&nbsp;6, 2007, July&nbsp;11, 2007, July&nbsp;17, 2007, July
26, 2007, August&nbsp;6, 2007, August&nbsp;9, 2007, August&nbsp;22,
2007, August&nbsp;29, 2007; September&nbsp;4, 2007, September&nbsp;13, 2007 and
September&nbsp;14, 2007 (2) (other than the portions of those documents not deemed to be
filed).</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by Merrill Lynch pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d) of the
Securities and Exchange Act of 1934, or Exchange Act, subsequent to the date hereof and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold
or that deregisters all securities then remaining unsold shall be deemed to be incorporated by
reference into this Registration Statement and to be part hereof from the date of filing of such
documents. Any statement incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other subsequently filed
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
</DIV>

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<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Merrill Lynch&#146;s restated certificate of incorporation, Merrill Lynch is authorized
to issue up to 3,000,000,000,000 shares of common stock, par value $1.33-1/3 per share. As of
February&nbsp;16, 2007, there were 881,700,999 shares of common stock and 2,634,716 exchangeable shares
outstanding. The exchangeable shares are exchangeable at any time into common stock on a
one-for-one basis and entitle holders to dividend, voting and other rights equivalent to common
stock. Under Merrill Lynch&#146;s Restated Certificate of Incorporation, Merrill Lynch is authorized to
issue up to 25,000,000 shares of preferred stock, par value $1.00 per share, issuable in series
(&#147;Preferred Stock&#148;). The common stock will be, when issued against payment therefore, fully paid
and non-assessable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of shares of common stock will have no preemptive rights to subscribe for any
additional securities which may be issued by Merrill Lynch. The rights of a holder of common stock
will be subject to, and may be adversely affected by, the rights of holders of any Preferred Stock
that has been issued and may be issued in the future.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo Bank, N.A. is the recordkeeping transfer agent for the common stock of Merrill
Lynch.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because Merrill Lynch is a holding company, its rights, and the rights of holders of its
securities, including the holders of common stock to participate in the distribution of assets of
any subsidiary of Merrill Lynch upon the subsidiary&#146;s liquidation or recapitalization will be
subject to the prior claims of the subsidiary&#146;s creditors and preferred stockholders, except to the
extent that Merrill Lynch may itself be a creditor with recognized claims against the subsidiary or
holder of preferred stock of the subsidiary.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merrill Lynch may pay dividends on the common stock out of funds legally available for the
payment of dividends as, if and when declared by the Board of Directors of Merrill Lynch or a duly
authorized committee of the Board of Directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon any voluntary or involuntary liquidation, dissolution, or winding up of Merrill Lynch,
the holders of its common stock will be entitled to receive, after payment of all of its debts,
liabilities and of all sums to which holders of any preferred stock may be entitled, all of the
remaining assets of Merrill Lynch.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except voting rights of the exchangeable shares and voting rights of any outstanding series of
Preferred Stock, the holders of the common stock currently possess exclusive voting rights in
Merrill Lynch. The Board of Directors of Merrill Lynch may, however, give voting power to any
Preferred Stock which may be issued in the future. Each holder of common stock is entitled to one
vote for each share with respect to all matters. There is no cumulative voting in the election of
directors. Actions requiring approval of shareholders generally require approval of a majority vote
of outstanding shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Amended and Restated Rights Agreement, adopted on December&nbsp;2, 1997 (the &#147;Rights
Agreement&#148;), preferred purchase rights were distributed to holders of common stock. The preferred
purchase rights are attached to each outstanding share of common stock and will attach to all
subsequently issued shares, including common stock that may be issued under the Merrill Lynch &#038;
Co.,
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Inc. Deferred Stock Unit Plan for Non-Employee Directors (the &#147;Plan&#148;). The preferred purchase
rights entitle the holder to purchase fractions of a share (&#147;Units&#148;) of Series&nbsp;A junior Preferred
Stock at an exercise price of $300 per Unit, subject to adjustment from time to time as provided in
the Rights Agreement. The exercise price and the number of Units issuable are subject to adjustment
to prevent dilution.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of Merrill Lynch, without further action by stockholders, has the
authority to issue shares of Preferred Stock from time to time in one or more series and to fix the
number of shares and the rights, preferences, privileges, qualifications, restrictions and
limitations of each series. As of December&nbsp;31, 2006, Merrill Lynch was authorized to issue
25,000,000 shares of Preferred Stock. Merrill Lynch has authorized the issuance of Series&nbsp;A junior
Preferred Stock, par value $1.00 per share, of Merrill Lynch upon exercise of preferred share
purchase rights associated with each share of common stock outstanding described above.
</DIV>

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<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.
</DIV>

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merrill Lynch&#146;s restated certificate of incorporation provides that any person who is or was a
director or officer of Merrill Lynch, or is or was serving at the request of the corporation as a
director, officer or trustee of another corporation, trust or other enterprise, with respect to
actions taken or omitted by such person in any capacity in which such person serves Merrill Lynch
or such other corporation, trust or other enterprise, shall be indemnified to the full extent
authorized or permitted by law and such indemnification shall continue as to a person who has
ceased to be a director, officer or trustee, as the case may be, and shall inure to the benefit of
such person&#146;s heirs, executors and personal and legal representatives. Except for proceedings to
enforce rights to indemnification, Merrill Lynch is not obligated to indemnify any person in
connection with a proceeding initiated by such person unless such proceeding was authorized in
advance, or unanimously consented to, by the board of directors. Any person who is or was a
director or officer of a subsidiary of Merrill Lynch is deemed to be serving in such capacity at
the request of Merrill Lynch for purposes of indemnification.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors and officers of Merrill Lynch have the right to be paid by Merrill Lynch expenses
incurred in defending or otherwise participating in any proceeding in advance of its final
disposition. Merrill Lynch may, to the extent authorized from time to time by the board of
directors, advance such expenses to any person who is or was serving at the request of Merrill
Lynch as a director, officer or trustee of another corporation, trust or other enterprise.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors and officers of Merrill Lynch are insured under policies of insurance maintained by
Merrill Lynch, subject to the limits of the policies, against certain losses arising from any claim
made against them by reason of being or having been such directors or officers. In addition,
Merrill Lynch has entered into contracts with all of its directors providing for indemnification of
such persons by Merrill Lynch to the fullest extent authorized or permitted by law, subject to
certain limited exceptions. Merrill Lynch has established trusts to fund its obligations, up to the
amount of trust assets, that may arise under these agreements and also to directors, officers and
employees under the provisions of the Delaware General Corporation Law, or DGCL, and Merrill
Lynch&#146;s restated certificate of incorporation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, Merrill Lynch&#146;s restated certificate of incorporation provides that no director
of the corporation shall be personally liable to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director, except, to the extent provided by applicable
law, for liability:
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">for breach of the director&#146;s duty of loyalty to the corporation or its stockholders; for acts or omissions not
in good faith or which involve intentional misconduct or a knowing violation of law; pursuant
to Section&nbsp;174 of the DGCL; or for any transaction from which the director derived an improper
personal benefit.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the DGCL provides that, subject to certain limitations in the case of suits
brought by a corporation and derivative suits brought by a corporation&#146;s stockholders in its name,
a corporation may indemnify any person who is made a party to any suit or proceeding by reason of
the fact that the person is or was a director, officer, employee or agent of the corporation
against expenses, including attorney&#146;s fees, judgments, fines and amounts paid in settlement
reasonably incurred by him in connection with the action, through, among other things, a majority
vote of the directors who were not parties to the suit or proceeding, if the person (1)&nbsp;acted in
good faith and in a manner he reasonably believed to be in or not opposed to the best interests of
the corporation, and (2)&nbsp;in a criminal proceeding, had no reasonable cause to believe his conduct
was unlawful.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145(b) of the DGCL provides that no such indemnification of directors, officers,
employees or agents may be made in respect of any claim, issue or matter as to which such person
shall have been adjudged to be liable to the corporation, unless and only to the extent that the
Court of Chancery or the court in which such action or suit was brought shall determine upon
application that, despite the adjudication of liability but in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court
of Chancery or such other court shall deem proper.
</DIV>
<!-- link2 "Item&nbsp;7. Exemption From Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption From Registration Claimed.</B>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.
</DIV>
<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>
<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restated Certificate of Incorporation of Merrill Lynch, effective as of
May&nbsp;3, 2007 (incorporated by reference to Exhibit&nbsp;3.1 Merrill Lynch&#146;s Current Report on
Form 8-K dated November&nbsp;14, 2005).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Merrill Lynch&#146;s Amended and Restated By-Laws, effective as of
May&nbsp;14, 2007 (incorporated by reference to Exhibit&nbsp;3.1 to Merrill Lynch&#146;s
Report on Form 8-K dated May&nbsp;15, 2007).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.3, 4.1&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Form of Amended and Restated Rights Agreement, dated as
of December&nbsp;16, 1987, between Merrill Lynch and Wells Fargo Bank, N.A.
(successor to Mellon Investor Services, L.L.C., as rights agent (incorporated
by reference to Exhibit&nbsp;4 to Merrill Lynch&#146;s Current Report on Form 8-K dated
December&nbsp;3, 1997).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.4, 4.2&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch&#146;s Floating Rate Non-Cumulative Preferred
Stock, Series&nbsp;1, par value $1.00 per share effective as of October&nbsp;25, 2004.
(incorporated by reference to Exhibits&nbsp;3.2 and 4.1 to Merrill Lynch&#146;s Current
Report on Form 8-K dated November&nbsp;14, 2005).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.5, 4.3&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch&#146;s Floating Rate Non-Cumulative Preferred
Stock, Series&nbsp;2, par value $1.00 per share effective as of March&nbsp;9, 2005.
(incorporated by reference to Exhibits&nbsp;3.3 and 4.2 to Merrill Lynch&#146;s Current
Report on Form 8-K dated November&nbsp;14, 2005).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.6, 4.4&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch&#146;s Series&nbsp;A Junior Preferred Stock
(incorporated by reference to Exhibit 3(f) to Merrill Lynch&#146;s Registration
Statement on Form S-3 (File No.&nbsp;33-19975)).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.7, 4.5&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designations of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch&#146;s 6.375% Non-Cumulative Preferred Stock,
Series&nbsp;3, par value $1.00 per share, effective as of November&nbsp;14, 2005
(incorporated by reference to Exhibits&nbsp;3.4 and 4.3 to Merrill Lynch&#146;s Current
Report on Form 8-K dated November&nbsp;14, 2005).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.8, 4.6&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designations of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch&#146;s Floating Rate Non-Cumulative Preferred
Stock, Series&nbsp;4, par value $1.00 per share, effective as of November&nbsp;14, 2005
(incorporated by reference to Exhibits&nbsp;3.5 and 4.4 to Merrill Lynch&#146;s Current
Report on Form 8-K dated November&nbsp;14, 2005).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">3.9, 4.7&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Certificate of Designations of Merrill Lynch
establishing the rights, preferences, privileges, qualifications, restrictions
and limitations relating to Merrill Lynch Series&nbsp;5 Preferred Stock
(incorporated by reference to Merrill Lynch&#146;s Current Report on Form 8-K dated
March&nbsp;20, 2007).</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">5.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Sullivan &#038; Cromwell LLP*</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">5.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Opinion of Richard Alsop*</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">15.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Letter re: unaudited interim financial information*</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">23.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Sullivan &#038; Cromwell LLP (included in the opinion filed as Exhibit&nbsp;5.1 to this registration statement)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">23.2</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Richard Alsop (included in the opinion filed as Exhibit&nbsp;5.2 to this registration statement)</TD>
</TR>
<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">23.3</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consent of Deloitte&nbsp;&#38; Touche&nbsp;LLP*</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" nowrap align="left">24.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Power of Attorney (included on
page&nbsp;8)</TD>
</TR>
</TABLE>
</DIV>
<DIV style="font-size: 3pt; margin-top: 6pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 0pt">* Filed herewith.
</DIV>

<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The undersigned Registrant hereby undertakes:
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date
of the Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease
in the volume of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of a prospectus filed with the
SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent
no more than a 20% change in the maximum aggregate offering price set forth in the
&#147;Calculation of Registration Fee&#148; table in the effective Registration Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section&nbsp;13
or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration
Statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;That, for the purpose of determining liability under the Securities Act of 1933 to any
purchaser:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the registrant is relying on Rule&nbsp;430B:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each prospectus filed by the registrant pursuant to Rule&nbsp;424(b)(3) shall be deemed
to be part of the registration statement as of the date the filed prospectus was deemed part
of and included in the registration statement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each prospectus required to be filed pursuant to Rule&nbsp;424(b)(2), (b)(5) or (b)(7)
as part of a registration statement in reliance on Rule&nbsp;430B relating to an offering made
pursuant to Rule&nbsp;415(a)(1)(i), (vii)&nbsp;or (x)&nbsp;for the purpose of providing the information
required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and
included in the registration statement as of the earlier of the date such form of prospectus
is first used after effectiveness or the date of the first contract of sale of securities in
the offering described in the prospectus. As provided in Rule&nbsp;430B, for liability purposes
of the issuer and any person that is at that date an underwriter, such date shall be deemed
to be a new effective date of the registration
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">statement relating to the securities in the registration statement to which that
prospectus relates, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof. Provided, however, that no statement made in a
registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or
prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such effective date, supersede or modify any statement that was
made in the registration statement or prospectus that was part of the registration statement
or made in any such document immediately prior to such effective date; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the registrant is subject to Rule&nbsp;430C, each prospectus filed pursuant to Rule
424(b) as part of a registration statement relating to an offering, other than registration
statements relying on Rule&nbsp;430B or other than prospectus filed in reliance on Rule&nbsp;430A,
shall be deemed to be part of and included in the registration statement as of the date it
is first used after effectiveness. Provided, however, that no statement made in a
registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or
prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such first use, supersede or modify any statement that was made in
the registration statement or prospectus that was part of the registration statement or made
in any such document immediately prior to such date of first use.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;That, for the purpose of determining liability of the Registrant under the Securities Act
of 1933 to any purchaser in the initial distribution of the securities: The undersigned Registrant
undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this
registration statement, regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned Registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to such purchaser: (i)&nbsp;Any preliminary prospectus or prospectus of
the undersigned Registrant relating to the offering required to be filed pursuant to Rule&nbsp;424; (ii)
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned
Registrant or used or referred to by the undersigned Registrant; (iii)&nbsp;The portion of any other
free writing prospectus relating to the offering containing material information about the
undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant;
and (iv)&nbsp;Any other communication that is an offer in the offering made by the undersigned
Registrant to the purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to
Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC
such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>










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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, Merrill Lynch certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of New York and State of New
York on the 20th day of
September, 2007.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">MERRILL LYNCH &#038; CO., INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;E.
Stanley O&#146;Neal</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">E. Stanley O&#146;Neal&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned directors and officers of Merrill Lynch &#038; Co., Inc. hereby constitute and
appoint E. Stanley O&#146;Neal, Ahmass L. Fakahany, Jeffrey N. Edwards, and Rosemary T. Berkery, and
each of them, with full power to act without the other, our lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, and with full power to execute in our name,
place and stead, in the capacities indicated below, this registration statement, any and all
amendments thereto (including post-effective amendments) and to file the same, with all exhibits
and schedules thereto, and other documents in connection therewith, with the Securities and
Exchange Commission and hereby ratify and confirm all that such attorneys-in-fact and agents, or
any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, as amended, this registration
statement has been signed by the following persons in the capacities indicated below on September
20, 2007.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;E.
Stanley O&#146;Neal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director, Chairman of the Board and Chief Executive Officer (Principal Executive Officer)</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
E. Stanley O&#146;Neal
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Jeffrey
N. Edwards</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President and Chief Financial Officer (Principal Financial Officer)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Jeffrey N. Edwards
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Christopher
B. Hayward</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Senior Vice President and Finance Director (Principal Accounting Officer)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Christopher B. Hayward
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Carol
Christ</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Carol Christ
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="55%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Armando
M. Codina</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Armando M. Codina
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Virgis
W. Colbert</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Virgis W. Colbert
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Alberto
Cribiore</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Alberto Cribiore
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;John
D. Finnegan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
John D. Finnegan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Judith
Mayhew Jonas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Judith Mayhew Jonas
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Aulana
L. Peters</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Aulana L. Peters
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Joseph
W. Prueher</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph W. Prueher
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign
="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Ann
N. Reese</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ann N. Reese
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/&nbsp;Charles
O. Rossotti</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Charles O. Rossotti
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "y39750sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 64710}]
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FORM S-8
Table of Contents
As
filed with the Securities and Exchange Commission on September
20, 2007
Registration
No. 333
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MERRILL LYNCH & CO., INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(
State or jurisdiction of
incorporation or organization)
13-2740599
(I.R.S. Employer
Identification No.)
4 World Financial Center
New York, New York 10080
(212) 449-1000
(Address of principal executive offices)
First Republic Bank Amended and Restated Employee Stock Purchase Plan
First Republic Bank 1998 Stock Option Plan, as amended and restated
(Full title of the Plans)
Richard Alsop, Esq.
General Counsel Corporate Law
Merrill Lynch & Co., Inc.
222 Broadway — 17th Floor
New York, New York 10038
(Name and address of agent for service)
(212) 449-1000
(Telephone Number, Including Area Code, of Agent For Service)
Calculation of Registration Fee
Title of Each Class of
Proposed Maximum
Proposed Maximum
Amount of
Securities to be
Amount of Shares to be
Offering Price Per
Aggregate Offering
Registration Fee
Registered
Registered(2)(3)
Share (4)
Price (4)
(4)
Common stock, par
value $1.331/3 per
share (including
preferred shares
purchase rights)(1)
1,124,544
$74.13
$83,362,447
$2,559.23
(1)
Prior to the occurrence of certain events, the preferred share purchase rights will not be
evidenced separately from the Common Stock. The value attributable to such rights, if any, is
reflected in the market price of the Common Stock.
(2)
The number of shares registered is based on an estimate of the maximum number of shares of
common stock of Merrill Lynch & Co., Inc. issuable under the First Republic Bank 1998 Stock
Option Plan and other First Republic Stock Options programs.
(3)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this registration
statement shall be deemed to cover an indeterminate number of additional shares that may
become issuable as a result of stock splits, stock dividends or similar transactions pursuant
to the anti-dilution provisions of the Plans.
(4)
Estimated pursuant to Rules 457(c) and 457(h)(1) solely for the purpose of calculating the
registration fee and based upon the average of the high and low price of Common Stock of
Merrill Lynch on September 18, 2007.
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption From Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EX-5.1: OPINION OF SULLIVAN & CROMWELL LLP
EX-5.2: OPINION OF RICHARD ALSOP
EX-15.1: LETTER RE: UNAUDITED INTERIM FINANCIAL INFORMATION
EX-23.3: CONSENT OF DELOITTE & TOUCHE LLP
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified in Part I of Form S-8 will be sent or
given to participating employees as specified by Rule 428(b)(1) of the Securities Act of 1933, as
amended, or the Act. These document(s) and the documents incorporated by reference herein pursuant
to Item 3 of Part II hereof, taken together, constitute a prospectus that meets the requirements of
Section 10(a) of the Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Merrill Lynch & Co., Inc., or Merrill Lynch, with the
Securities and Exchange Commission, or SEC, are incorporated herein by reference:
•
Annual Report on Form 10-K for the fiscal year ended December 29, 2006, filed
with the SEC on February 26, 2007;
•
Proxy Statement/Prospectus of Merrill Lynch and First Republic Bank, dated June
22¸ 2007, filed with the SEC pursuant to Rule 424(b)(3) under the Act, on June 22,
2007;
•
Quarterly Report on Form 10-Q for the period ended March 30, 2007, filed with
the SEC on May 7, 2007;
•
Quarterly Report on Form 10-Q for the period ended June 29, 2007, filed with the
SEC on August 3, 2007; and
•
Current Reports on Form 8-K filed with the SEC on January 5, 2007, January 18,
2007, January 26, 2007, January 30, 2007, February 5, 2007, February 7, 2007,
February 23, 2007, February 27, 2007, February 28, 2007, March 1, 2007, March 5,
2007, March 13, 2007 (3), March 15, 2007, March 16, 2007, March 21, 2007 (2), March
28, 2007, April 5, 2007 (3), April 9, 2007, April 11, 2007 (2), April 19, 2007,
April 25, 2007, April 30, 2007 (2), May 2, 2007, May 3, 2007, May 4, 2007, May 8,
2007, May 9, 2007, May 17, 2007, May 18, 2007, May 25, 2007, May 31, 2007, June 1,
2007 (2), June 4, 2007 (2), June 6, 2007, June 25, 2007, June 26, 2007, June 29,
2007, July 2, 2007, July 3, 2007, July 6, 2007, July 11, 2007, July 17, 2007, July
26, 2007, August 6, 2007, August 9, 2007, August 22,
2007, August 29, 2007; September 4, 2007, September 13, 2007 and
September 14, 2007 (2) (other than the portions of those documents not deemed to be
filed).
All documents filed by Merrill Lynch pursuant to Sections 13(a), 13(c), 14 or 15(d) of the
Securities and Exchange Act of 1934, or Exchange Act, subsequent to the date hereof and prior to
the filing of a post-effective amendment that indicates that all securities offered have been sold
or that deregisters all securities then remaining unsold shall be deemed to be incorporated by
reference into this Registration Statement and to be part hereof from the date of filing of such
documents. Any statement incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained
herein or in any other subsequently filed
Table of Contents
document which also is or is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any statement so modified or superseded shall not be deemed, except as so modified
or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Under the Merrill Lynch's restated certificate of incorporation, Merrill Lynch is authorized
to issue up to 3,000,000,000,000 shares of common stock, par value $1.33-1/3 per share. As of
February 16, 2007, there were 881,700,999 shares of common stock and 2,634,716 exchangeable shares
outstanding. The exchangeable shares are exchangeable at any time into common stock on a
one-for-one basis and entitle holders to dividend, voting and other rights equivalent to common
stock. Under Merrill Lynch's Restated Certificate of Incorporation, Merrill Lynch is authorized to
issue up to 25,000,000 shares of preferred stock, par value $1.00 per share, issuable in series
("Preferred Stock"). The common stock will be, when issued against payment therefore, fully paid
and non-assessable.
Holders of shares of common stock will have no preemptive rights to subscribe for any
additional securities which may be issued by Merrill Lynch. The rights of a holder of common stock
will be subject to, and may be adversely affected by, the rights of holders of any Preferred Stock
that has been issued and may be issued in the future.
Wells Fargo Bank, N.A. is the recordkeeping transfer agent for the common stock of Merrill
Lynch.
Because Merrill Lynch is a holding company, its rights, and the rights of holders of its
securities, including the holders of common stock to participate in the distribution of assets of
any subsidiary of Merrill Lynch upon the subsidiary's liquidation or recapitalization will be
subject to the prior claims of the subsidiary's creditors and preferred stockholders, except to the
extent that Merrill Lynch may itself be a creditor with recognized claims against the subsidiary or
holder of preferred stock of the subsidiary.
Merrill Lynch may pay dividends on the common stock out of funds legally available for the
payment of dividends as, if and when declared by the Board of Directors of Merrill Lynch or a duly
authorized committee of the Board of Directors.
Upon any voluntary or involuntary liquidation, dissolution, or winding up of Merrill Lynch,
the holders of its common stock will be entitled to receive, after payment of all of its debts,
liabilities and of all sums to which holders of any preferred stock may be entitled, all of the
remaining assets of Merrill Lynch.
Except voting rights of the exchangeable shares and voting rights of any outstanding series of
Preferred Stock, the holders of the common stock currently possess exclusive voting rights in
Merrill Lynch. The Board of Directors of Merrill Lynch may, however, give voting power to any
Preferred Stock which may be issued in the future. Each holder of common stock is entitled to one
vote for each share with respect to all matters. There is no cumulative voting in the election of
directors. Actions requiring approval of shareholders generally require approval of a majority vote
of outstanding shares.
Under the Amended and Restated Rights Agreement, adopted on December 2, 1997 (the "Rights
Agreement"), preferred purchase rights were distributed to holders of common stock. The preferred
purchase rights are attached to each outstanding share of common stock and will attach to all
subsequently issued shares, including common stock that may be issued under the Merrill Lynch &
Co.,
Table of Contents
Inc. Deferred Stock Unit Plan for Non-Employee Directors (the "Plan"). The preferred purchase
rights entitle the holder to purchase fractions of a share ("Units") of Series A junior Preferred
Stock at an exercise price of $300 per Unit, subject to adjustment from time to time as provided in
the Rights Agreement. The exercise price and the number of Units issuable are subject to adjustment
to prevent dilution.
The Board of Directors of Merrill Lynch, without further action by stockholders, has the
authority to issue shares of Preferred Stock from time to time in one or more series and to fix the
number of shares and the rights, preferences, privileges, qualifications, restrictions and
limitations of each series. As of December 31, 2006, Merrill Lynch was authorized to issue
25,000,000 shares of Preferred Stock. Merrill Lynch has authorized the issuance of Series A junior
Preferred Stock, par value $1.00 per share, of Merrill Lynch upon exercise of preferred share
purchase rights associated with each share of common stock outstanding described above.
Item 5. Interests of Experts and Counsel.
None.
Item 6. Indemnification of Directors and Officers.
Merrill Lynch's restated certificate of incorporation provides that any person who is or was a
director or officer of Merrill Lynch, or is or was serving at the request of the corporation as a
director, officer or trustee of another corporation, trust or other enterprise, with respect to
actions taken or omitted by such person in any capacity in which such person serves Merrill Lynch
or such other corporation, trust or other enterprise, shall be indemnified to the full extent
authorized or permitted by law and such indemnification shall continue as to a person who has
ceased to be a director, officer or trustee, as the case may be, and shall inure to the benefit of
such person's heirs, executors and personal and legal representatives. Except for proceedings to
enforce rights to indemnification, Merrill Lynch is not obligated to indemnify any person in
connection with a proceeding initiated by such person unless such proceeding was authorized in
advance, or unanimously consented to, by the board of directors. Any person who is or was a
director or officer of a subsidiary of Merrill Lynch is deemed to be serving in such capacity at
the request of Merrill Lynch for purposes of indemnification.
Directors and officers of Merrill Lynch have the right to be paid by Merrill Lynch expenses
incurred in defending or otherwise participating in any proceeding in advance of its final
disposition. Merrill Lynch may, to the extent authorized from time to time by the board of
directors, advance such expenses to any person who is or was serving at the request of Merrill
Lynch as a director, officer or trustee of another corporation, trust or other enterprise.
Directors and officers of Merrill Lynch are insured under policies of insurance maintained by
Merrill Lynch, subject to the limits of the policies, against certain losses arising from any claim
made against them by reason of being or having been such directors or officers. In addition,
Merrill Lynch has entered into contracts with all of its directors providing for indemnification of
such persons by Merrill Lynch to the fullest extent authorized or permitted by law, subject to
certain limited exceptions. Merrill Lynch has established trusts to fund its obligations, up to the
amount of trust assets, that may arise under these agreements and also to directors, officers and
employees under the provisions of the Delaware General Corporation Law, or DGCL, and Merrill
Lynch's restated certificate of incorporation.
In addition, Merrill Lynch's restated certificate of incorporation provides that no director
of the corporation shall be personally liable to the corporation or its stockholders for monetary
damages for breach of fiduciary duty as a director, except, to the extent provided by applicable
law, for liability:
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for breach of the director's duty of loyalty to the corporation or its stockholders; for acts or omissions not
in good faith or which involve intentional misconduct or a knowing violation of law; pursuant
to Section 174 of the DGCL; or for any transaction from which the director derived an improper
personal benefit.
Section 145 of the DGCL provides that, subject to certain limitations in the case of suits
brought by a corporation and derivative suits brought by a corporation's stockholders in its name,
a corporation may indemnify any person who is made a party to any suit or proceeding by reason of
the fact that the person is or was a director, officer, employee or agent of the corporation
against expenses, including attorney's fees, judgments, fines and amounts paid in settlement
reasonably incurred by him in connection with the action, through, among other things, a majority
vote of the directors who were not parties to the suit or proceeding, if the person (1) acted in
good faith and in a manner he reasonably believed to be in or not opposed to the best interests of
the corporation, and (2) in a criminal proceeding, had no reasonable cause to believe his conduct
was unlawful.
Section 145(b) of the DGCL provides that no such indemnification of directors, officers,
employees or agents may be made in respect of any claim, issue or matter as to which such person
shall have been adjudged to be liable to the corporation, unless and only to the extent that the
Court of Chancery or the court in which such action or suit was brought shall determine upon
application that, despite the adjudication of liability but in view of all the circumstances of the
case, such person is fairly and reasonably entitled to indemnity for such expenses which the Court
of Chancery or such other court shall deem proper.
Item 7. Exemption From Registration Claimed.
None.
Item 8. Exhibits.
3.1
Restated Certificate of Incorporation of Merrill Lynch, effective as of
May 3, 2007 (incorporated by reference to Exhibit 3.1 Merrill Lynch's Current Report on
Form 8-K dated November 14, 2005).
3.2
Merrill Lynch's Amended and Restated By-Laws, effective as of
May 14, 2007 (incorporated by reference to Exhibit 3.1 to Merrill Lynch's
Report on Form 8-K dated May 15, 2007).
3.3, 4.1
Form of Amended and Restated Rights Agreement, dated as
of December 16, 1987, between Merrill Lynch and Wells Fargo Bank, N.A.
(successor to Mellon Investor Services, L.L.C., as rights agent (incorporated
by reference to Exhibit 4 to Merrill Lynch's Current Report on Form 8-K dated
December 3, 1997).
3.4, 4.2
Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch's Floating Rate Non-Cumulative Preferred
Stock, Series 1, par value $1.00 per share effective as of October 25, 2004.
(incorporated by reference to Exhibits 3.2 and 4.1 to Merrill Lynch's Current
Report on Form 8-K dated November 14, 2005).
3.5, 4.3
Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch's Floating Rate Non-Cumulative Preferred
Stock, Series 2, par value $1.00 per share effective as of March 9, 2005.
(incorporated by reference to Exhibits 3.3 and 4.2 to Merrill Lynch's Current
Report on Form 8-K dated November 14, 2005).
3.6, 4.4
Certificate of Designation of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch's Series A Junior Preferred Stock
(incorporated by reference to Exhibit 3(f) to Merrill Lynch's Registration
Statement on Form S-3 (File No. 33-19975)).
3.7, 4.5
Certificate of Designations of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch's 6.375% Non-Cumulative Preferred Stock,
Series 3, par value $1.00 per share, effective as of November 14, 2005
(incorporated by reference to Exhibits 3.4 and 4.3 to Merrill Lynch's Current
Report on Form 8-K dated November 14, 2005).
3.8, 4.6
Certificate of Designations of Merrill Lynch establishing
the rights, preferences, privileges, qualifications, restrictions and
limitations relating to Merrill Lynch's Floating Rate Non-Cumulative Preferred
Stock, Series 4, par value $1.00 per share, effective as of November 14, 2005
(incorporated by reference to Exhibits 3.5 and 4.4 to Merrill Lynch's Current
Report on Form 8-K dated November 14, 2005).
3.9, 4.7
Certificate of Designations of Merrill Lynch
establishing the rights, preferences, privileges, qualifications, restrictions
and limitations relating to Merrill Lynch Series 5 Preferred Stock
(incorporated by reference to Merrill Lynch's Current Report on Form 8-K dated
March 20, 2007).
5.1
Opinion of Sullivan & Cromwell LLP*
5.2
Opinion of Richard Alsop*
15.1
Letter re: unaudited interim financial information*
23.1
Consent of Sullivan & Cromwell LLP (included in the opinion filed as Exhibit 5.1 to this registration statement)
23.2
Consent of Richard Alsop (included in the opinion filed as Exhibit 5.2 to this registration statement)
23.3
Consent of Deloitte & Touche LLP*
24.1
Power of Attorney (included on
page 8)
* Filed herewith.
Item 9. Undertakings.
(a) The undersigned Registrant hereby undertakes:
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(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date
of the Registration Statement (or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental change in the information set
forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease
in the volume of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of a prospectus filed with the
SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent
no more than a 20% change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective Registration Statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the Registration Statement or any material change to such
information in the Registration Statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information
required to be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the SEC by the Registrant pursuant to Section 13
or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration
Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Securities Act of 1933 to any
purchaser:
(i) If the registrant is relying on Rule 430B:
(a) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed
to be part of the registration statement as of the date the filed prospectus was deemed part
of and included in the registration statement; and
(b) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or (b)(7)
as part of a registration statement in reliance on Rule 430B relating to an offering made
pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of providing the information
required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and
included in the registration statement as of the earlier of the date such form of prospectus
is first used after effectiveness or the date of the first contract of sale of securities in
the offering described in the prospectus. As provided in Rule 430B, for liability purposes
of the issuer and any person that is at that date an underwriter, such date shall be deemed
to be a new effective date of the registration
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statement relating to the securities in the registration statement to which that
prospectus relates, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof. Provided, however, that no statement made in a
registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or
prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such effective date, supersede or modify any statement that was
made in the registration statement or prospectus that was part of the registration statement
or made in any such document immediately prior to such effective date; or
(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule
424(b) as part of a registration statement relating to an offering, other than registration
statements relying on Rule 430B or other than prospectus filed in reliance on Rule 430A,
shall be deemed to be part of and included in the registration statement as of the date it
is first used after effectiveness. Provided, however, that no statement made in a
registration statement or prospectus that is part of the registration statement or made in a
document incorporated or deemed incorporated by reference into the registration statement or
prospectus that is part of the registration statement will, as to a purchaser with a time of
contract of sale prior to such first use, supersede or modify any statement that was made in
the registration statement or prospectus that was part of the registration statement or made
in any such document immediately prior to such date of first use.
(5) That, for the purpose of determining liability of the Registrant under the Securities Act
of 1933 to any purchaser in the initial distribution of the securities: The undersigned Registrant
undertakes that in a primary offering of securities of the undersigned Registrant pursuant to this
registration statement, regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned Registrant will be a seller to the purchaser and will be considered
to offer or sell such securities to such purchaser: (i) Any preliminary prospectus or prospectus of
the undersigned Registrant relating to the offering required to be filed pursuant to Rule 424; (ii)
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned
Registrant or used or referred to by the undersigned Registrant; (iii) The portion of any other
free writing prospectus relating to the offering containing material information about the
undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant;
and (iv) Any other communication that is an offer in the offering made by the undersigned
Registrant to the purchaser.
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Registrant's annual report pursuant to
Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee
benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the Registrant pursuant to the
foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the SEC
such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director, officer or controlling
person of the Registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Merrill Lynch certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of New York and State of New
York on the 20th day of
September, 2007.
MERRILL LYNCH & CO., INC.
By:
/s/ E.
Stanley O'Neal
E. Stanley O'Neal
Chief Financial Officer
POWER OF ATTORNEY
The undersigned directors and officers of Merrill Lynch & Co., Inc. hereby constitute and
appoint E. Stanley O'Neal, Ahmass L. Fakahany, Jeffrey N. Edwards, and Rosemary T. Berkery, and
each of them, with full power to act without the other, our lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, and with full power to execute in our name,
place and stead, in the capacities indicated below, this registration statement, any and all
amendments thereto (including post-effective amendments) and to file the same, with all exhibits
and schedules thereto, and other documents in connection therewith, with the Securities and
Exchange Commission and hereby ratify and confirm all that such attorneys-in-fact and agents, or
any of them, or their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration
statement has been signed by the following persons in the capacities indicated below on September
20, 2007.
Signature
Title
/s/ E.
Stanley O'Neal
Director, Chairman of the Board and Chief Executive Officer (Principal Executive Officer)
E. Stanley O'Neal
/s/ Jeffrey
N. Edwards
Senior Vice President and Chief Financial Officer (Principal Financial Officer)
Jeffrey N. Edwards
/s/ Christopher
B. Hayward
Senior Vice President and Finance Director (Principal Accounting Officer)
Christopher B. Hayward
/s/ Carol
Christ
Director
Carol Christ
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Signature
Title
/s/ Armando
M. Codina
Director
Armando M. Codina
/s/ Virgis
W. Colbert
Director
Virgis W. Colbert
/s/ Alberto
Cribiore
Director
Alberto Cribiore
/s/ John
D. Finnegan
Director
John D. Finnegan
/s/ Judith
Mayhew Jonas
Director
Judith Mayhew Jonas
/s/ Aulana
L. Peters
Director
Aulana L. Peters
/s/ Joseph
W. Prueher
Director
Joseph W. Prueher
/s/ Ann
N. Reese
Director
Ann N. Reese
/s/ Charles
O. Rossotti
Director
Charles O. Rossotti