EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amount) MARCH 27, ASSETS 1998 ------------------------------------------------------- --------- CASH AND CASH EQUIVALENTS.............................. $ 5,400 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS.............. 10,502 -------- MARKETABLE INVESTMENT SECURITIES....................... 3,131 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock..................... 33,732 Equities and convertible debentures.................... 30,691 Contractual agreements................................. 22,527 U.S. Government and agencies........................... 11,295 Non-U.S. governments and agencies...................... 10,608 Mortgages, mortgage-backed, and asset-backed........... 9,463 Other.................................................. 2,990 -------- 121,306 Securities received as collateral, net of securities... pledged as collateral................................. 12,490 -------- Total trading assets................................... 133,796 -------- SECURITIES PLEDGED AS COLLATERAL....................... 16,452 -------- RECEIVABLES UNDER RESALE AGREEMENTS.................... 73,815 -------- RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS..... 45,070 -------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $49)............................................... 29,140 Brokers and dealers.................................... 5,866 Interest and other..................................... 8,622 -------- Total.................................................. 43,628 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES.................. 4,714 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $132).................................. 5,635 OTHER INVESTMENTS...................................... 2,132 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (net of accumulated depreciation and amortization of $3,028)............................................ 2,215 GOODWILL (net of accumulated amortization of $180)..... 5,412 OTHER ASSETS........................................... 1,522 -------- TOTAL ASSETS........................................... $353,424 ======== 6 EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (Dollars in Millions, Except Per Share Amount) LIABILITIES, PREFERRED SECURITIES ISSUED BY MARCH 27, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1998 ---------------------------------------------------- --------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS................................. $ 95,296 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 49,867 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements............................... 19,502 U.S. Government and agencies......................... 15,350 Equities and convertible debentures.................. 21,337 Non-U.S. governments and agencies.................... 10,080 Corporate debt, preferred stock, and other........... 5,634 -------- Total................................................ 71,903 -------- OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL ......................................... 28,942 -------- OTHER PAYABLES Customers............................................ 17,390 Brokers and dealers.................................. 8,551 Interest and other................................... 18,971 -------- Total................................................ 44,912 -------- LIABILITIES OF INSURANCE SUBSIDIARIES................ 4,594 LONG-TERM BORROWINGS................................. 47,532 -------- TOTAL LIABILITIES.................................... 343,046 -------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES.......... 1,377 -------- 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...................................... 1,360 Accumulated other comprehensive income (net of tax).. (25) Retained earnings.................................... 9,925 -------- 11,890 Less: Treasury stock, at cost: 127,929,023 shares........ 2,452 Employee stock transactions........................ 862 -------- TOTAL COMMON STOCKHOLDERS' EQUITY.................... 8,576 -------- TOTAL STOCKHOLDERS' EQUITY........................... 9,001 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY............. $353,424 ======== 7