EXHIBIT 99.2

Exhibit 99.2

Merrill Lynch & Co., Inc. Attachment I
- ----------------------------------------------------------------------
Preliminary Unaudited Earnings Summary

For the Three Months Percent Inc /
Ended (Dec)
-------------------------------------
March December April 1Q06 1Q06
31, 30, 1, vs. vs.
(in millions, except per share 2006 2005 2005 4Q05 1Q05
amounts) ------ ------ ------ ----- ------

Net Revenues
Asset management and portfolio
service fees $1,679 $1,638 $1,435 3 % 17 %
Commissions 1,602 1,441 1,341 11 19
Investment banking 965 981 813 (2) 19
Principal transactions 1,993 715 945 179 111
Revenues from consolidated
investments 104 85 127 22 (18)
Other 554 613 370 (10) 50
------ ------ ------
Subtotal 6,897 5,473 5,031 26 37

Interest and dividend revenues 8,664 8,027 5,531 8 57
Less interest expense 7,599 6,720 4,330 13 75
------ ------ ------
Net interest profit 1,065 1,307 1,201 (19) (11)
------ ------ ------

Total Net Revenues 7,962 6,780 6,232 17 28
------ ------ ------

Non-Interest Expenses
Compensation and benefits 5,750 2,927 3,096 96 86
Communications and technology 453 412 396 10 14
Brokerage, clearing, and
exchange fees 248 217 219 14 13
Occupancy and related
depreciation 241 243 233 (1) 3
Professional fees 200 193 178 4 12
Advertising and market
development 144 175 126 (18) 14
Office supplies and postage 57 59 52 (3) 10
Expenses of consolidated
investments 47 47 85 0 (45)
Other 229 476 178 (52) 29
------ ------ ------

Total Non-Interest Expenses 7,369 4,749 4,563 55 61
------ ------ ------

Earnings Before Income Taxes 593 2,031 1,669 (71) (64)

Income tax expense 118 638 457 (82) (74)
------ ------ ------

Net Earnings $ 475 $1,393 $1,212 (66) (61)
====== ====== ======

Preferred Stock Dividends $ 43 $ 28 $ 7 54 514
====== ====== ======

Net Earnings Applicable to
Common Stockholders $ 432 $1,365 $1,205 (68) (64)
====== ====== ======

Earnings Per Common Share
Basic $ 0.49 $ 1.56 $ 1.33 (69) (63)
Diluted $ 0.44 $ 1.41 $ 1.21 (69) (64)

Average Shares Used in Computing
Earnings Per Common Share
Basic 883.7 876.2 907.8 1 (3)
Diluted 981.1 970.7 993.3 1 (1)

Annualized Return on Average
Common Equity 5.1% 16.9% 15.5%
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Merrill Lynch & Co., Inc. Attachment II
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Reconciliation of "Non-GAAP" Measures

Merrill Lynch adopted Statement of Financial Accounting Standards
No. 123 (as revised in 2004) for stock-based employee compensation
during the first quarter 2006. Additionally, as a result of a
comprehensive review of the retirement provisions in its stock-based
compensation plans, Merrill Lynch also modified the retirement
eligibility requirements of existing stock awards in order to
facilitate transition to more stringent retirement eligibility
requirements for future stock awards. These modifications and the
adoption of the new accounting standard required Merrill Lynch to
accelerate the recognition of compensation expenses for affected stock
awards, resulting in the "one-time compensation expenses." These
changes represent timing differences and are not economic in
substance. Management believes that while the results excluding the
one-time expenses are considered "non-GAAP" measures, they depict the
operating performance of the company more clearly and enable more
appropriate period-to-period comparisons.
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Preliminary Unaudited Earnings Summary
- --------------------------------------
For the Three Months Ended
March 31, 2006
-----------------------------------
Excluding the First Quarter
Impact of Impact of
One-time One-time
(in millions, except per share Compensation Compensation GAAP
amounts) Expenses Expenses Basis
-----------------------------------

Net Revenues $ 7,962 $ - $ 7,962
------- ------- -------

Non-Interest Expenses
Compensation and benefits 3,991 1,759 5,750
Non-compensation expenses 1,619 - 1,619
------- ------- -------
Total Non-Interest Expenses 5,610 1,759 7,369
------- ------- -------

Earnings Before Income Taxes 2,352 (1,759) 593

Income Tax Expense 700 (582) 118
------- ------- -------

Net Earnings $ 1,652 $(1,177) $ 475
======= ======= =======

Preferred Stock Dividends $ 43 $ - $ 43
======= ======= =======

Net Earnings Applicable to Common
Stockholders $ 1,609 $(1,177) $ 432
======= ======= =======

Earnings Per Common Share
Basic $ 1.83 $ (1.34) $ 0.49
Diluted $ 1.65 $ (1.21) $ 0.44

Average Shares Used in Computing
Earnings Per Common Share
Basic 878.0 5.7 883.7
Diluted 975.4 5.7 981.1

- ----------------------------------------------------------------------

Financial Ratios Excluding the
- ---------------- Impact of
(in millions) One-time
Compensation GAAP
Expenses Basis
------------------------

Compensation and benefits (a) $ 3,991 $ 5,750
Net Revenues (b) 7,962 7,962
Ratio of compensation and benefits
to net revenues (a)/(b) 50.1% 72.2%

- ----------------------------------------------------------------------

Income Tax Expense (a) $ 700 $ 118
Earnings Before Income Taxes (b) 2,352 593
Effective Tax Rate (a)/(b) 29.8% 19.9%

- ----------------------------------------------------------------------

Earnings Before Income Taxes (a) $ 2,352 $ 593
Net Revenues (b) 7,962 7,962
Pre-tax Profit Margin (a)/(b) 29.5% 7.4%

- ----------------------------------------------------------------------

Average Common Equity $33,800 $33,800
Average impact of one-time
compensation expenses (145) -
------- -------
Average Common Equity (a) 33,655 33,800

Annualized Net Earnings Applicable
to Common Stockholders (b) 6,436 1,728

Annualized Return on Average
Common Equity (b)/(a) 19.1% 5.1%

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Merrill Lynch & Co., Inc. Attachment III
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Preliminary Segment Data (unaudited)

For the Three Months Percent Inc /
Ended (Dec)
-------------------------------------------
March December April 1Q06 1Q06
31, 30, 1, vs. vs.
(dollars in millions) 2006 2005 2005 4Q05 1Q05
------- ------- ------- ------ ------
Global Markets & Investment
Banking
Global Markets
Debt Markets $ 2,091 $ 1,376 $ 1,662 52 % 26 %
Equity Markets 1,573 1,196 971 32 62
------- ------- -------
Total Global Markets
net revenues 3,664 2,572 2,633 42 39
Investment Banking (1)
Origination:
Debt 395 278 282 42 40
Equity 237 268 242 (12) (2)
Strategic Advisory
Services 257 350 160 (27) 61
------- ------- -------
Total Investment
Banking net revenues 889 896 684 (1) 30
------- ------- -------
Total net revenues (a) 4,553 3,468 3,317 31 37
------- ------- -------

Pre-tax earnings 212 1,517 1,124 (86) (81)
Impact of one-time
compensation expenses 1,369 - - N/M N/M
------- ------- -------
Pre-tax earnings
excluding one-time
compensation expenses
(b) 1,581 1,517 1,124 4 41

Pre-tax profit margin 4.7% 43.7% 33.9%
Pre-tax profit margin
excluding one-time
compensation expenses
(b)/(a) 34.7% 43.7% 33.9%
- ----------------------------------------------------------------------

Global Private Client
Fee-based revenues $ 1,458 $ 1,432 $ 1,271 2 15
Transactional and
origination revenues 899 868 857 4 5
Net interest profit and
related hedges(2) 527 519 401 2 31
Other revenues 55 83 74 (34) (26)
------- ------- -------
Total net revenues (a) 2,939 2,902 2,603 1 13
------- ------- -------

Pre-tax earnings 365 620 510 (41) (28)
Impact of one-time
compensation expenses 281 - - N/M N/M
------- ------- -------
Pre-tax earnings
excluding one-time
compensation expenses
(b) 646 620 510 4 27

Pre-tax profit margin 12.4% 21.4% 19.6%
Pre-tax profit margin
excluding one-time
compensation expenses
(b)/(a) 22.0% 21.4% 19.6%
- ----------------------------------------------------------------------

Merrill Lynch Investment
Managers
Total net revenues (a)$ 570 $ 533 $ 413 7 38

Pre-tax earnings 113 176 127 (36) (11)
Impact of one-time
compensation expenses 109 - - N/M N/M
------- ------- -------
Pre-tax earnings
excluding one-time
compensation expenses
(b) 222 176 127 26 75

Pre-tax profit margin 19.8% 33.0% 30.8%
Pre-tax profit margin
excluding one-time
compensation expenses
(b)/(a) 38.9% 33.0% 30.8%
- ----------------------------------------------------------------------

Corporate
Total net revenues $ (100) $ (123) $ (101) 19 1

Pre-tax earnings (97) (282) (92) 66 (5)
- ----------------------------------------------------------------------

Total
Total net revenues (a)$ 7,962 $ 6,780 $ 6,232 17 28

Pre-tax earnings 593 2,031 1,669 (71) (64)
Impact of one-time
compensation expenses 1,759 - - N/M N/M
------- ------- -------
Pre-tax earnings
excluding one-time
compensation expenses
(b) 2,352 2,031 1,669 16 41

Pre-tax profit margin 7.4% 30.0% 26.8%
Pre-tax profit margin
excluding one-time
compensation expenses
(b)/(a) 29.5% 30.0% 26.8%
- ----------------------------------------------------------------------
N/M= Not Meaningful

(1) A portion of Origination revenue is recorded in the Global Private
Client segment.
(2) Includes interest component of non-qualifying derivatives which
are included in Other Revenues in Attachment I.

14

Merrill Lynch & Co., Inc. Attachment IV
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Consolidated Quarterly Earnings (unaudited) (in millions)

1Q05 2Q05 3Q05 4Q05 1Q06
------- ------- ------- ------- -------
Net Revenues
Asset management and
portfolio service fees
Portfolio service fees $650 $670 $689 $760 $747
Asset management fees 481 472 527 556 619
Account fees 124 121 123 123 111
Other fees 180 168 188 199 202
------- ------- ------- ------- -------
Total 1,435 1,431 1,527 1,638 1,679
Commissions
Listed and over-the-counter
securities 842 747 823 878 990
Mutual funds 364 353 383 401 490
Other 135 147 136 162 122
------- ------- ------- ------- -------
Total 1,341 1,247 1,342 1,441 1,602
Investment banking
Underwriting 652 706 720 632 720
Strategic advisory 161 214 160 349 245
------- ------- ------- ------- -------
Total 813 920 880 981 965
Principal transactions 945 1,006 917 715 1,993
Revenues from consolidated
investments 127 84 142 85 104
Other 370 664 548 613 554
------- ------- ------- ------- -------
Subtotal 5,031 5,352 5,356 5,473 6,897
Interest and dividend
revenues 5,531 5,974 7,039 8,027 8,664
Less interest expense 4,330 5,007 5,717 6,720 7,599
------- ------- ------- ------- -------
Net interest profit 1,201 967 1,322 1,307 1,065
------- ------- ------- ------- -------
Total Net Revenues 6,232 6,319 6,678 6,780 7,962
------- ------- ------- ------- -------

Non-Interest Expenses
Compensation and benefits 3,096 3,148 3,270 2,927 5,750
Communications and technology 396 395 405 412 453
Brokerage, clearing, and
exchange fees 219 216 190 217 248
Occupancy and related
depreciation 233 227 235 243 241
Professional fees 178 183 173 193 200
Advertising and market
development 126 160 138 175 144
Office supplies and postage 52 51 48 59 57
Expenses of consolidated
investments 85 35 91 47 47
Other 178 309 192 476 229

------- ------- ------- ------- -------
Total Non-Interest Expenses 4,563 4,724 4,742 4,749 7,369
------- ------- ------- ------- -------

Earnings Before Income Taxes 1,669 1,595 1,936 2,031 593
Income tax expense 457 460 560 638 118
------- ------- ------- ------- -------

Net Earnings $1,212 $1,135 $1,376 $1,393 $475
- ----------------------------------------------------------------------
Per Common Share Data
1Q05 2Q05 3Q05 4Q05 1Q06
------- ------- ------- ------- -------
Earnings - Basic $1.33 $1.25 $1.54 $1.56 $0.49
Earnings - Diluted 1.21 1.14 1.40 1.41 0.44
Dividends paid 0.16 0.20 0.20 0.20 0.25
Book value 32.91 33.63 34.66 35.82 37.18
Est.
- ----------------------------------------------------------------------

15

Merrill Lynch & Co., Inc. Attachment V
- ----------------------------------------------------------------------
Percentage of Quarterly Net Revenues (unaudited)

1Q05 2Q05 3Q05 4Q05 1Q06
------- ------- ------- ------- -------
Net Revenues
Asset management and
portfolio service fees
Portfolio service fees 10.4% 10.6% 10.3% 11.2% 9.4%
Asset management fees 7.7% 7.5% 7.9% 8.2% 7.8%
Account fees 2.0% 1.9% 1.8% 1.8% 1.4%
Other fees 2.9% 2.6% 2.9% 3.0% 2.5%
------- ------- ------- ------- -------
Total 23.0% 22.6% 22.9% 24.2% 21.1%
Commissions
Listed and over-the-counter
securities 13.5% 11.8% 12.3% 12.9% 12.4%
Mutual funds 5.8% 5.6% 5.7% 5.9% 6.2%
Other 2.2% 2.3% 2.1% 2.5% 1.5%
------- ------- ------- ------- -------
Total 21.5% 19.7% 20.1% 21.3% 20.1%
Investment banking
Underwriting 10.5% 11.2% 10.8% 9.3% 9.0%
Strategic advisory 2.6% 3.4% 2.4% 5.1% 3.1%
------- ------- ------- ------- -------
Total 13.1% 14.6% 13.2% 14.4% 12.1%
Principal transactions 15.2% 15.9% 13.7% 10.5% 25.0%
Revenues from consolidated
investments 2.0% 1.3% 2.1% 1.3% 1.3%
Other 5.9% 10.6% 8.2% 9.0% 7.0%
------- ------- ------- ------- -------
Subtotal 80.7% 84.7% 80.2% 80.7% 86.6%
Interest and dividend
revenues 88.8% 94.5% 105.4% 118.4% 108.8%
Less interest expense 69.5% 79.2% 85.6% 99.1% 95.4%
------- ------- ------- ------- -------
Net interest profit 19.3% 15.3% 19.8% 19.3% 13.4%
------- ------- ------- ------- -------
Total Net Revenues 100.0% 100.0% 100.0% 100.0% 100.0%
------- ------- ------- ------- -------

Non-Interest Expenses
Compensation and benefits 49.7% 49.8% 49.0% 43.2% 72.2%
Communications and
technology 6.4% 6.3% 6.1% 6.1% 5.7%
Brokerage, clearing, and
exchange fees 3.5% 3.4% 2.8% 3.2% 3.1%
Occupancy and related
depreciation 3.7% 3.6% 3.5% 3.6% 3.0%
Professional fees 2.9% 2.9% 2.6% 2.8% 2.5%
Advertising and market
development 2.0% 2.5% 2.1% 2.6% 1.8%
Office supplies and postage 0.8% 0.8% 0.7% 0.9% 0.7%
Expenses of consolidated
investments 1.4% 0.6% 1.4% 0.7% 0.6%
Other 2.8% 4.9% 2.8% 6.9% 3.0%
------- ------- ------- ------- -------
Total Non-Interest Expenses 73.2% 74.8% 71.0% 70.0% 92.6%
------- ------- ------- ------- -------

Earnings Before Income Taxes 26.8% 25.2% 29.0% 30.0% 7.4%

Income tax expense 7.4% 7.2% 8.4% 9.5% 1.4%
------- ------- ------- ------- -------

Net Earnings 19.4% 18.0% 20.6% 20.5% 6.0%
- ----------------------------------------------------------------------

Common shares outstanding (in
millions):
1Q05 2Q05 3Q05 4Q05 1Q06
------- ------- ------- ------- -------
Weighted-average - basic 907.8 897.5 881.4 876.2 883.7
Weighted-average -
diluted 993.3 978.5 968.5 970.7 981.1
Period-end 948.7 930.9 921.7 919.2 933.4
- ----------------------------------------------------------------------

16

Merrill Lynch & Co., Inc. Attachment VI
- ----------------------------------------------------------------------
Supplemental Data (unaudited) (dollars in billions)

1Q05 2Q05 3Q05 4Q05 1Q06
------- ------- ------- ------- -------
Client Assets
Private Client
U.S. $1,223 $1,234 $1,271 $1,341 $1,381
Non - U.S. 116 115 113 117 121
------- ------- ------- ------- -------
Total Private Client Assets 1,339 1,349 1,384 1,458 1,502
MLIM direct sales (1) 233 236 272 291 316
------- ------- ------- ------- -------
Total Client Assets $1,572 $1,585 $1,656 $1,749 $1,818
======= ======= ======= ======= =======

Assets Under Management (2) $479 $478 $524 $544 $581

Retail 218 218 231 245 272
Institutional 217 215 246 250 259
Retail Separate Accounts 44 45 47 49 50

U.S. 312 311 322 333 347
Non-U.S. 167 167 202 211 234

Equity 245 249 285 299 330
Retail Money Market 49 46 45 45 48
Institutional Liquidity
Funds 70 68 74 77 78
Fixed Income 115 115 120 123 125
- ----------------------------------------------------------------------
Net New Money
All Private Client
Accounts (3) $17 $9 $15 $22 $17
Annuitized-Revenue
Products (3)(4) $13 $8 $11 $13 $12
Assets Under Management $(16) $(2) $12 $11 $15
- ----------------------------------------------------------------------
Balance Sheet Information
(estimated)
Commercial Paper and
Other Short-term
Borrowings $2.7 $6.8 $4.1 $3.9 $9.4
Deposits 79.9 79.5 77.8 80.0 81.1
Long-term Borrowings 115.7 117.5 129.6 132.4 136.2
Long-term debt issued to
TOPrS(SM) Partnerships 3.1 3.1 3.1 3.1 3.1

Stockholders' Equity
(estimated):
Preferred Stockholders'
Equity 1.6 1.7 1.7 2.7 3.1
Common Stockholders'
Equity 31.3 31.3 31.9 32.9 34.7
------- ------- ------- ------- -------
Total Stockholders' Equity 32.9 33.0 33.6 35.6 37.8
- ----------------------------------------------------------------------
Full-Time Employees (5) 50,900 51,800 53,100 54,600 55,500

Private Client Financial
Advisors 14,180 14,420 14,690 15,160 15,350
- ----------------------------------------------------------------------
Note: Certain prior period amounts have been reclassified to
conform to the current period presentation.

(1) Reflects funds managed by MLIM not sold through Private Client
channels.
(2) Includes $5 billion of accounts managed by GPC.
(3) GPC net new money excludes flows associated with the Institutional
Advisory Division which serves certain small- and middle-market
companies, as well as net outflows in the recently acquired
Amvescap retirement business and the Advest acquisition prior to
its systems conversion in early March.
(4) Includes both new client assets into annuitized-revenue products
as well as existing client assets transferred into
annuitized-revenue products.
(5) Excludes 100 full-time employees on salary continuation severance
at the end of 1Q05, 2Q05, 3Q05, and 200 at the end of 4Q05 and
1Q06.

For more information, please contact:

Investor Relations Phone: 866-607-1234
Merrill Lynch & Co., Inc. Fax: 212-449-7461
investor_relations@ml.com
www.ir.ml.com





CONTACT: Merrill Lynch & Co., Inc.
Media Relations:
Jessica Oppenheim, 212-449-2107
jessica_oppenheim@ml.com
or
Investor Relations:
Jonathan Blum, 866-607-1234
investor_relations@ml.com


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