Exhibit 21

 

Subsidiaries of the Registrant

 

The following are subsidiaries of ML & Co. as of December 29, 2006 and the states or jurisdictions in which they are organized. Indentation indicates the principal parent of each subsidiary. Except as otherwise specified, in each case ML & Co. owns, directly or indirectly, at least 99% of the voting securities of each subsidiary. The names of particular subsidiaries have been omitted because, considered in the aggregate as a single subsidiary, they would not constitute, as of the end of the year covered by this report, a “significant subsidiary” as that term is defined in Rule 1.02(w) of Regulation S-X under the Securities Exchange Act of 1934.

 

 

 

¹  Also conducts business under the name “Merrill Lynch & Co.”

²  Similarly named affiliates and subsidiaries that engage in the sale of insurance and annuity products are incorporated in
     various other jurisdictions.

³  The preferred stock of the corporation is owned by an unaffiliated group of investors.

⁴  Merrill Lynch Group, Inc. and Merrill Lynch International Incorporated each hold fifty percent of this entity.

⁵  Partially held by another indirect subsidiary of ML & Co.

⁶  13.2% of this entity is held by Merrill Lynch Bank USA.

⁷  Also conducts business under the name “Merrill Lynch Capital.”

 

 

⁸  Held through several intermediate holding companies.

⁹  This corporation has 20 direct or indirect subsidiaries operating in the United States and serving as either general
      partners or associate general partners of limited partnerships.

¹⁰ Held through several intermediate holding companies.

¹¹ Held through several intermediate holding companies.

 

 

¹² Merrill Lynch International Holdings Inc. has an 80% stake in this entity through a joint venture.

¹³ Also conducts business under the names “Merrill Lynch Capital Markets S.A.” and “Merrill Lynch Capital Markets
      Ltd.”

¹⁴ Held through several intermediate holding companies.

¹⁵ Partially owned by another indirect subsidiary of ML & Co.

¹⁶ Held through intermediate subsidiaries.

¹⁷ Held through intermediate subsidiaries.

¹⁸ Partially owned by another direct subsidiary of ML & Co.

 

 

¹⁹ Partially owned by another direct subsidiary of ML & Co.

²⁰ Partially owned by another direct subsidiary of ML & Co.