EXHIBIT 25(a) ______________________________________________________________ SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 _________________________ FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ___________________________________________ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________ ________________________________________ THE CHASE MANHATTAN BANK (Exact name of trustee as specified in its charter) NEW YORK 13-4994650 (State of incorporation (I.R.S. employer if not a national bank) identification No.) 270 PARK AVENUE NEW YORK, NEW YORK 10017 (Address of principal executive offices) (Zip Code) William H. McDavid General Counsel 270 Park Avenue New York, New York 10017 Tel: (212) 270-2611 (Name, address and telephone number of agent for service) _____________________________________________ MERRILL LYNCH & CO., INC. (Exact name of obligor as specified in its charter) NEW YORK 13-2740599 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) WORLD FINANCIAL CENTER NORTH TOWER NEW YORK, N.Y. 10281-1334 (Address of principal executive offices) (Zip Code) ----------------------------------------------- DEBT SECURITIES (Title of the indenture securities) ----------------------------------------------- GENERAL Item 1. General Information. Furnish the following information as to the trustee: (a) Name and address of each examining or supervising authority to which it is subject. New York State Banking Department, State House, Albany, New York 12110. Board of Governors of the Federal Reserve System, Washington, D.C., 20551 Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y. Federal Deposit Insurance Corporation, Washington, D.C., 20429. (b) Whether it is authorized to exercise corporate trust powers. Yes. Item 2. Affiliations with the Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation. None. -2- Item 16. List of Exhibits List below all exhibits filed as a part of this Statement of Eligibility. 1. A copy of the Articles of Association of the Trustee as now in effect, including the Organization Certificate and the Certificates of Amendment dated February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982, February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-06249, which is incorporated by reference). 2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference. On July 14, 1996, in connection with the merger of Chemical Bank and The Chase Manhattan Bank (National Association), Chemical Bank, the surviving corporation, was renamed The Chase Manhattan Bank). 3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2. 4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-06249, which is incorporated by reference). 5. Not applicable. 6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33- 50010, which is incorporated by reference. On July 14, 1996, in connection with the merger of Chemical Bank and The Chase Manhattan Bank (National Association), Chemical Bank, the surviving corporation, was renamed The Chase Manhattan Bank). 7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority. 8. Not applicable. 9. Not applicable. SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, The Chase Manhattan Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 3RD day of JUNE, 1997. THE CHASE MANHATTAN BANK By /s/ Andrew M. Deck ------------------------------------- Andrew M. Deck Vice President -3- Exhibit 7 to Form T-1 Bank Call Notice RESERVE DISTRICT NO. 2 CONSOLIDATED REPORT OF CONDITION OF The Chase Manhattan Bank of 270 Park Avenue, New York, New York 10017 and Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business March 31, 1997, in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
DOLLAR AMOUNTS ASSETS IN MILLIONS Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin................................. $ 11,721 Interest-bearing balances......................... 3,473 Securities:........................................ Held to maturity securities........................ 2,965 Available for sale securities...................... 35,903 Federal Funds sold and securities purchased under agreements to resell.............................. 24,025 Loans and lease financing receivables: Loans and leases, net of unearned income $123,957 Less: Allowance for loan and lease losses 2,853 Less: Allocated transfer risk reserve..... 13 -------- Loans and leases, net of unearned income, allowance, and reserve............................ 121,091 Trading Assets..................................... 54,340 Premises and fixed assets (including capitalized leases)........................................... 2,875 Other real estate owned............................ 302 Investments in unconsolidated subsidiaries and associated companies.............................. 139 Customers' liability to this bank on acceptances outstanding....................................... 2,270 Intangible assets.................................. 1,535 Other assets....................................... 10,283 -------- TOTAL ASSETS....................................... $270,922 ========
-4- LIABILITIES Deposits In domestic offices............................ $84,776 Noninterest-bearing.....................$32,492 Interest-bearing........................ 52,284 ------- In foreign offices, Edge and Agreement subsidiaries, and IBF's........................ 69,171 Noninterest-bearing ....................$ 4,181 Interest-bearing....................... 64,990 Federal funds purchased and securities sold under agreements to repurchase................... 32,885 Demand notes issued to the U.S. Treasury.......... 1,000 Trading liabilities............................... 42,538 Other Borrowed money (includes mortgage indebtedness and obligations under calitalized leases): With a remaining maturity of one year or less... 4,431 With a remaining maturity of more than one year. 466 Bank's liability on acceptances executed and outstanding...................................... 2,270 Subordinated notes and debentures................. 5,911 Other liabilities................................. 11,575 TOTAL LIABILITIES................................ $255,023 --------
EQUITY CAPITAL
Perpetual Preferred stock and related surplus 0 Common stock............................................... 1,211 Surplus (exclude all surplus related to preferred stock).. 10,283 Undivided profits and capital reserves..................... 4,941 Net unrealized holding gains (Losses) on available-for-sale securities........................... (552) Cumulative foreign currency translation adjustments........ 16 TOTAL EQUITY CAPITAL....................................... 15,899 -------- TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK AND EQUITY CAPITAL.................................. $270,922 ========
I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief. JOSEPH L. SCLAFANI We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the in- structions issued by the appropriate Federal regulatory authority and is true and correct. WALTER V. SHIPLEY ) THOMAS G. LABRECQUE ) DIRECTORS WILLIAM B. HARRISON, JR. ) -5-