FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TEMASEK HOLDINGS (PRIVATE) LTD
  2. Issuer Name and Ticker or Trading Symbol
MERRILL LYNCH & CO., INC. [MER]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
60B ORCHARD ROAD, #06-18, TOWER 2 THE ATRIUM@ORCHARD
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2009
(Street)

SINGAPORE 238891
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/01/2009   J(1)   219,695,826 D (2) 0 I Held through Fullerton Management Pte Ltd (3) (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TEMASEK HOLDINGS (PRIVATE) LTD
60B ORCHARD ROAD, #06-18
TOWER 2 THE ATRIUM@ORCHARD
SINGAPORE 238891
    X    
Fullerton Management Pte Ltd
60B ORCHARD ROAD, #06-18
TOWER 2 THE ATRIUM@ORCHARD
SINGAPORE 238891
    X    
Cairnhill Investments (Mauritius) Pte Ltd
LES CASCADES BUILDING
EDITH CAVELL STREET
PORT LOUIS, MAURITIUS 
    X    

Signatures

 /s/ Chua Su Li, Company Secretary, Temasek Holdings (Private) Limited   01/05/2009
**Signature of Reporting Person Date

 /s/ Lim Fung Jen, Director, Cairnhill Investments (Mauritius) Pte Ltd   01/05/2009
**Signature of Reporting Person Date

 /s/ Leong Wai Leng, Director, Fullerton Management Pte Ltd   01/05/2009
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Pursuant to a merger in which each share of Merrill Lynch common stock indirectly held by Temasek Holdings (Private) Limited was converted into the right to receive 0.8595 of a share of Bank of America common stock.
(2) Each share of Merrill Lynch common stock will be converted into 0.8595 shares of Bank of America common stock.
(3) Fullerton Management Pte Ltd ("Fullerton") may be deemed to beneficially own 219,695,826 shares through its wholly-owned subsidiaries, including Fullerton's direct wholly-owned subsidiary Cairnhill Investments (Mauritius) Pte Ltd ("Cairnhill"), which indirectly beneficially owns 214,529,160 shares through its wholly-owned subsidiaries. Except for Cairnhill, each of these subsidiaries beneficially owns less than 10% of the outstanding shares. Fullerton is a wholly-owned subsidiary of Temasek Holdings (Private) Ltd ("Temasek"), so Temasek may be deemed to beneficially own 219,695,826 shares.
(4) The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any of the Reporting Persons is the beneficial owner of all such equity securities covered by this statement.

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