EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) DEC. 26, ASSETS 1997 - ------------------------------------------------------------ -------- CASH AND CASH EQUIVALENTS.................................. $ 5,032 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS.................. 12,384 -------- MARKETABLE INVESTMENT SECURITIES........................... 3,309 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock......................... 32,501 Equities and convertible debentures........................ 23,617 Contractual agreements..................................... 21,205 U.S. Government and agencies............................... 9,832 Non-U.S. governments and agencies.......................... 9,755 Mortgages, mortgage-backed, and asset-backed............... 7,312 Other...................................................... 2,556 -------- Total...................................................... 106,778 -------- RECEIVABLES UNDER RESALE AGREEMENTS........................ 70,262 -------- RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS......... 35,366 -------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $50).. 26,529 Brokers and dealers........................................ 5,100 Interest and other......................................... 8,114 -------- Total...................................................... 39,743 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES...................... 4,833 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $130)...................................... 4,310 OTHER INVESTMENTS.......................................... 1,826 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (net of accumulated depreciation and amortization of $2,910)................................................ 2,074 GOODWILL (net of accumulated amortization of $131)......... 5,455 OTHER ASSETS............................................... 1,447 -------- TOTAL ASSETS............................................... $292,819 ======== 6 EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amounts) LIABILITIES, PREFERRED SECURITIES ISSUED BY DEC. 26, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997 - ------------------------------------------------------ --------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS................................. $ 77,875 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 44,850 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements............................... 20,632 U.S. Government and agencies......................... 18,182 Equities and convertible debentures.................. 15,724 Non-U.S. governments and agencies.................... 9,720 Corporate debt, preferred stock, and other........... 5,818 -------- Total................................................ 70,076 -------- OTHER PAYABLES Customers............................................ 16,519 Brokers and dealers.................................. 4,112 Interest and other................................... 22,625 -------- Total................................................ 43,256 -------- LIABILITIES OF INSURANCE SUBSIDIARIES................ 4,716 LONG-TERM BORROWINGS................................. 43,090 -------- TOTAL LIABILITIES.................................... 283,863 -------- 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 Accumulated other comprehensive income (net of tax).. (34) Retained earnings.................................... 9,485 -------- 11,146 Less: Treasury stock, at cost (137,578,035 shares)... 2,804 Employee stock transactions.................... 438 -------- TOTAL COMMON STOCKHOLDERS' EQUITY.................... 7,904 -------- TOTAL STOCKHOLDERS' EQUITY........................... 8,329 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY............. $292,819 ======== 7