EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (dollars in millions, except per share amount) SEPTEMBER 25, ASSETS 1998 - -------------------------------------------------------------- ------------- CASH AND CASH EQUIVALENTS .................................... $ 8,965 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS ................... 12,583 -------- MARKETABLE INVESTMENT SECURITIES ............................. 4,213 -------- TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock ........................... 26,908 Equities and convertible debentures .......................... 28,326 Contractual agreements ....................................... 25,491 U.S. Government and agencies ................................. 14,139 Non-U.S. governments and agencies ............................ 9,001 Mortgages, mortgage-backed, and asset-backed ................. 10,529 Other ........................................................ 3,542 -------- 117,936 Securities received as collateral, net of securities pledged as collateral ...................................... 5,202 -------- Total ........................................................ 123,138 -------- SECURITIES PLEDGED AS COLLATERAL ............................. 18,386 -------- RECEIVABLES UNDER RESALE AGREEMENTS .......................... 73,125 -------- RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS ........... 43,176 -------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $55) .... 29,881 Brokers and dealers .......................................... 7,319 Interest and other ........................................... 9,096 -------- Total ........................................................ 46,296 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES ........................ 4,507 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $148) ....................................... 7,161 OTHER INVESTMENTS ............................................ 2,144 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (net of accumulated depreciation and amortization of $3,338) ................................................. 2,570 GOODWILL (net of accumulated amortization of $284) .............. 5,413 OTHER ASSETS ................................................. 1,742 -------- TOTAL ASSETS ................................................. $353,419 ======== 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 SEPTEMBER 25, SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1998 - -------------------------------------------------------------- ------------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS ........................................ $ 100,174 --------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS ............. 43,409 --------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements ....................................... 22,733 U.S. Government and agencies ................................. 10,572 Equities and convertible debentures .......................... 19,677 Non-U.S. governments and agencies ............................ 10,893 Corporate debt, preferred stock, and other ................... 6,049 --------- Total ........................................................ 69,924 --------- OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL ....... 23,588 --------- OTHER PAYABLES Customers .................................................... 20,727 Brokers and dealers .......................................... 5,772 Interest and other ........................................... 18,785 --------- Total ........................................................ 45,284 --------- LIABILITIES OF INSURANCE SUBSIDIARIES ........................ 4,404 LONG-TERM BORROWINGS ......................................... 55,064 --------- TOTAL LIABILITIES ............................................ 341,847 --------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES .................. 1,777 --------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY ............................... 425 --------- COMMON STOCKHOLDERS' EQUITY Exchangeable Shares, issued: 4,831,224 shares ................ 71 Common stock, par value $1.33 1/3 per share; authorized: 1,000,000,000 shares; issued: 472,660,324 shares ................................. 630 Paid-in capital .............................................. 1,405 Accumulated other comprehensive loss (net of tax) ............ (59) Retained earnings ............................................ 10,227 --------- 12,274 Less: Treasury stock, at cost: 119,242,755 shares ............ 2,190 Employee stock transactions ............................ 714 --------- TOTAL COMMON STOCKHOLDERS' EQUITY ............................ 9,370 --------- TOTAL STOCKHOLDERS' EQUITY ................................... 9,795 --------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY ..................... $ 353,419 ========= 7