EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) MARCH 28, ASSETS 1997 - -------------------------------------------------------- --------- CASH AND CASH EQUIVALENTS............................... $ 4,154 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 7,483 -------- MARKETABLE INVESTMENT SECURITIES........................ 2,488 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock...................... 30,123 Contractual agreements.................................. 15,009 Equities and convertible debentures..................... 17,572 U.S. Government and agencies............................ 10,374 Non- U.S. governments and agencies...................... 10,401 Mortgages, mortgage-backed, and asset-backed............ 6,663 Money markets........................................... 1,633 Municipals.............................................. 1,254 -------- Total................................................... 93,029 -------- RESALE AGREEMENTS....................................... 61,149 -------- SECURITIES BORROWED..................................... 30,717 -------- RECEIVABLES Customers (net of allowance for doubtful accounts of $41). 20,766 Brokers and dealers....................................... 8,139 Interest and other........................................ 5,840 -------- Total..................................................... 34,745 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES..................... 5,035 LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR LOAN LOSSES OF $117)..................................... 3,639 OTHER INVESTMENTS......................................... 1,315 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION OF $2,609)............................................... 1,706 OTHER ASSETS.............................................. 2,143 -------- TOTAL ASSETS.............................................. $247,603 -------- -------- 6 MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) LIABILITIES, PREFERRED SECURITIES ISSUED BY MARCH 28, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997 - -------------------------------------------------------- --------- LIABILITIES REPURCHASE AGREEMENTS................................... $ 70,886 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS........ 49,824 -------- TRADING LIABILITIES, AT FAIR VALUE U.S. Government and agencies............................ 14,586 Contractual agreements.................................. 11,348 Equities and convertible debentures..................... 14,011 Non-U.S. governments and agencies....................... 8,088 Corporate debt and preferred stock...................... 2,652 Municipals.............................................. 98 -------- Total................................................... 50,783 -------- CUSTOMERS............................................... 13,456 INSURANCE............................................... 4,919 BROKERS AND DEALERS..................................... 5,554 OTHER LIABILITIES AND ACCRUED INTEREST.................. 14,942 LONG-TERM BORROWINGS.................................... 29,687 -------- TOTAL LIABILITIES....................................... 240,051 -------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES............. 627 -------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY.......................... 425 -------- COMMON STOCKHOLDERS' EQUITY Common stock, par value $1.33 1/3 per share; authorized: 500,000,000 shares; issued: 236,330,162 shares.......................... 315 Paid-in capital......................................... 1,381 Foreign currency translation adjustment................. 8 Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $7)...................................... 13 Retained earnings....................................... 8,272 -------- Subtotal.......................................... 9,989 Less: Treasury stock, at cost: 70,401,920 shares.......... 2,956 Unallocated ESOP reversion shares, at cost: 467,575 shares.................................... 7 Employee stock transactions......................... 526 -------- TOTAL COMMON STOCKHOLDERS' EQUITY....................... 6,500 -------- TOTAL STOCKHOLDERS' EQUITY.............................. 6,925 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY................ $247,603 -------- -------- 7