Bank of America

Investor Relations

Bank of America Corporation Issues Statement

CHARLOTTE, N.C., Jan. 5 /PRNewswire/ -- In response to rumors about the company that have resulted in numerous inquiries, Bank of America Corporation (NYSE: BAC) issued the following statement:

We know of no basis to support speculative rumors about our operations. We are conducting business as usual. The company has not experienced any significant losses in derivatives or other trading activities. And the company remains comfortable with its guidance for credit quality in 2001 as provided to investors last month. SOURCE Bank of America Corporation

CONTACT: media, Bob Stickler of Bank of America Corporation, 704-386-8465/

Bank of America

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