EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) JUNE 27, ASSETS 1997 - ----------------------------------------------------------- -------- CASH AND CASH EQUIVALENTS . . . . . . . . . . . . . . . . . $ 4,528 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS . . . . . . . . . 9,707 -------- MARKETABLE INVESTMENT SECURITIES. . . . . . . . . . . . . . 2,659 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock. . . . . . . . . . . . . 32,950 Contractual agreements. . . . . . . . . . . . . . . . . . . 16,219 Equities and convertible debentures . . . . . . . . . . . . 22,288 U.S. Government and agencies. . . . . . . . . . . . . . . . 9,595 Non-U.S. governments and agencies . . . . . . . . . . . . . 13,236 Mortgages, mortgage-backed, and asset-backed. . . . . . . . 7,018 Money markets . . . . . . . . . . . . . . . . . . . . . . . 1,609 Municipals. . . . . . . . . . . . . . . . . . . . . . . . . 1,419 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,334 -------- RESALE AGREEMENTS . . . . . . . . . . . . . . . . . . . . . 60,447 -------- SECURITIES BORROWED . . . . . . . . . . . . . . . . . . . . 36,287 -------- RECEIVABLES Customers (net of allowance for doubtful accounts of $45) . 22,810 Brokers and dealers . . . . . . . . . . . . . . . . . . . . 6,683 Interest and other. . . . . . . . . . . . . . . . . . . . . 6,541 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,034 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES . . . . . . . . . . . 5,034 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $122) . . . . . . . . . . . . . . . . . . . 3,866 OTHER INVESTMENTS . . . . . . . . . . . . . . . . . . . . . 1,203 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (net of accumulated depreciation and amortization of $2,709) . . . . . . . . . . . . . . . . . . . . . . . . 1,857 OTHER ASSETS. . . . . . . . . . . . . . . . . . . . . . . . 2,080 -------- TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . $268,036 -------- -------- 6 MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) LIABILITIES, PREFERRED SECURITIES ISSUED BY JUNE 27, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997 - ------------------------------------------------------------- -------- LIABILITIES REPURCHASE AGREEMENTS . . . . . . . . . . . . . . . . . . . $ 68,058 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS. . . . . . 57,431 -------- TRADING LIABILITIES, AT FAIR VALUE. . . . . . . . . . . . . U.S. Government and agencies. . . . . . . . . . . . . . . . 16,436 Contractual agreements. . . . . . . . . . . . . . . . . . . 12,810 Equities and convertible debentures . . . . . . . . . . . . 16,234 Non-U.S. governments and agencies . . . . . . . . . . . . . 9,012 Corporate debt and preferred stock. . . . . . . . . . . . . 4,799 Municipals. . . . . . . . . . . . . . . . . . . . . . . . . 122 -------- Total . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,413 -------- CUSTOMERS . . . . . . . . . . . . . . . . . . . . . . . . . 13,677 INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . 4,859 BROKERS AND DEALERS . . . . . . . . . . . . . . . . . . . . 7,097 OTHER LIABILITIES AND ACCRUED INTEREST. . . . . . . . . . . 15,643 LONG-TERM BORROWINGS. . . . . . . . . . . . . . . . . . . . 33,963 -------- TOTAL LIABILITIES . . . . . . . . . . . . . . . . . . . . . 260,141 -------- 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: 472,660,324 shares. . . . . . . . . . . . . . . . 630 Paid-in capital . . . . . . . . . . . . . . . . . . . . . . 1,065 Foreign currency translation adjustment . . . . . . . . . . 5 Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $17) . . . . . . . . . . . . . . . . . . . . . 31 Retained earnings . . . . . . . . . . . . . . . . . . . . 8,678 -------- Subtotal. . . . . . . . . . . . . . . . . . . . . . . . . 10,409 Less: Treasury stock, at cost: 143,611,883 shares . . . . . . . 3,099 Employee stock transactions . . . . . . . . . . . . . . . 467 -------- TOTAL COMMON STOCKHOLDERS' EQUITY . . . . . . . . . . . . . 6,843 -------- TOTAL STOCKHOLDERS' EQUITY. . . . . . . . . . . . . . . . . 7,268 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY. . . . . . . . . . $268,036 -------- -------- 7