a guide to your merrill lynch statement · pdf filea guide to your merrill lynch statement ......

A Guide to Your Merrill Lynch StatementUnderstanding features and benefits

tracking progress

As a Merrill Lynch client, you receive a user-friendly monthly statement that gives you a snapshot of where you stand financially—across both sides of your balance sheet and within each Merrill Lynch account and product type.

While the Merrill Lynch statement is simple by design and intended to be easy to read, we’ve prepared this guide to explain its features and benefits and to answer any questions you might have.

You can view your statements, your trade confirmations and this guide online. And you can print your statements or save them to your computer or CD. To opt for online delivery and convenient e-mail alerts, visit www.mymerrill.comTM.

InsideStatement Structure 2

Key Information 4

- Summary Pages 4

- Account Detail Pages 6

Additional Statement Features 11

Additional Client Reporting 12

Statement Structure

Your Merrill Lynch statement is structured to make it easy to locate information. It’s based on up to five summary pages, supported by account detail pages. Shown here is a “map” of the Merrill Lynch statement. Not all clients will receive all the summary pages.

INFORMATION AT YOUR FINGERTIPS, NOT IN YOUR MAILBOXDid you know you can receive this statement and many other Merrill Lynch communications electronically, instead of in the mail? E-delivery through My Merrill ® is a fast,flexible, safe way to reduce paper mail. Visit www.mymerrill.com to enroll today.

0007254 001020 7954

Primary Account: 1X1-45678

JOHN Q CUSTOMER ANDMARY CUSTOMER123 ANY STREETAPT 1AANYTOWN, ST 12345-6789

Your Financial Advisor:JOHN Q ADVISOR456 ANY STREETANYTOWN, ST [email protected](000) 000-0000

■ YOUR MERRILL LYNCH REPORT December 01, 2009 - December 31, 2009

PORTFOLIO SUMMARYDecember 31 November 30 Month Change

Net Portfolio Value $1,167,031.65 $1,015,224.90 $151,806.75 ▲

Your Assets $1,169,231.65 $1,015,224.90 $154,006.75 ▲Your Liabilities ($2,200.00) —

Your Net Cash Flow (Inflows/Outflows) ($305.48) ($1,324.01)Securities You Transferred In/Out — —

Subtotal Net Contributions ($305.48) ($1,324.01)

Your Dividends/Interest Income $732.21 $1,202.21Your Market Change $151,380.02 $42,381.00

Subtotal Investment Earnings $152,112.23 $43,583.21

*Link relationship change. Includes cash/margin debit balances and short market values. See Your Balance Sheet and account statements for more details.

Net Portfolio Value (in millions), 2004-2009

12/04 12/05 12/06 12/07 12/08

.94.95

.92 .93

1Q09 2Q09 3Q09* 10/09 11/09 12/09

.95.97 .99 1.01 1.16

.93

4/04

.92.94

1 of 27001

Need Investment Guidance?Call Your Financial Advisor

If you have questions on your statement,call 24-Hour Assistance:(800) MERRILL(800) 637-7455Access Code: XX-XXX-XXXX

Up-to-date account information can be viewedat: www.mymerrill.com, where your statements arearchived for three or more years.

Questions about mymerrill.com? Click the “help”tab at the top of the screen once you log in.

Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bankof America Corporation. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose ValueMLPF&S is a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC) and a wholly owned subsidiary of Bank of America Corporation.

2 of 270007254 001020 7954

■ YOUR ACCOUNTS December 01, 2009 - December 31, 2009

Account No. Account Type/Managing Firm December 31 November 30 Page

■ BEYOND BANKINGBeyond Banking marketing message displayed here.

■ INVESTMENTSJOHN Q CUSTOMER AND 1X1-456781 CMA 1,149,820.53 996,170.24 61This account has a margin debit balance. Please see the enclosed account statement for details.

■ RETIREMENTJOHN’S RETIREMENT 2X1-56789 IRA 17,211.12 19,054.66 20

■ CREDIT & LENDINGJOHN Q CUSTOMER AND 0000000000 Mortgage as of 07/29/09 (183,612.50) (185,972.50) †JOHN Q CUSTOMER AND 0000000000 Home Equity as of 07/29/09 — — †

Available Credit: 200,000.00Subtotal (183,612.50) (185,972.50)

Mortgage and home equity information provided by PHH Mortgage Corporation, the servicer of these loans. † Previous month’s mortgage and home equity balances are not as of the date above, but reflect balances reported on your last Merrill Lynch statement. For detailed information, please reference your regular monthly loan statement.

■ ESTATE PLANNING SERVICESEstate Planning Services marketing message displayed here.

■ SOLUTIONS FOR BUSINESS Business Financial Marketing Message displayed here.

000000000000000000 0000000000000

Account Number: 1X1-45678 24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

001

All brokerage accounts are held at Merrill Lynch, Pierce, Fenner & Smith Incorporated, Member SIPC. Bank deposits are held at Merrill Lynch affiliated banks or other depository institutions and are covered by FDIC insurance up to applicable limits. They are not protected by SIPC, see footnote 14 on the last page of this statement for more information. These summary reports are provided for informational purposes only and contain information from accounts linked for delivery in a single package. The underlyingaccounts may have different owners and use of “you” or “your” in these reports refer to all owners. The enclosed separate account statements are the official record for each account.

Your Merrill Lynch Report• Integrates Assets and Liabilities in

one view• Highlights changes in Portfolio Summary

including net cash flow, security deposits/withdrawals and market change

• Displays trends over the past five years plus the current year

• Provides information on opportunities to obtain investment guidance

Your Accounts• Presents a top-level overview of your

individual accounts• Includes all product categories, from

Retirement to Solutions for Business

Delivers details on:• Account Investment Objective • Bank Deposit Interest Summary • Items for Attention • Your Assets

6 of 270007254 001020 7954

Online at www.mlol.ml.com Account Number: 1X1-45678 24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

■ CMA® ACCOUNT December 01, 2009 – December 31, 2009

THIS IS A LINE OF 30 CHARACTERJOHN Q CUSTOMER123 ANY STREETANYTOWN, ST 12345-6789TO ACCOMODATE MAXIMUM OF6 LINES TOTAL DEPTH

ASSETS December 31 November 30

Cash/Money Accounts 7,198,635.00 11,927,556.00Fixed Income 34,548,719.00 34,562,616.00Equities 15,395,162.00 9,365,390.00Mutual Funds --- ---Options 14,000.00 ---Other 8,409,954.00 8,313,954.00Alternative Investments --- ---

Subtotal (Long Portfolio) --- ---Estimated Accrued Interest 346,297.00 445,170.00Life Insurance/Annuities --- ---

TOTAL ASSETS $65,522.768.00 $64,464,687.00

LIABILITIESMargin Loan/Debit Balance --- ---Short Market Value (390,000.00) (150,000.00)

TOTAL LIABILITIES ($390,000.00) ($150,000.00)

NET PORTFOLIO VALUE $65,522,768.00 $64,464,687.00

This account is pledged as collateral for Loan Management Account # XXX-XXXXX.

Net Portfolio Value: $65,522,768.00Your Financial Advisor:ADVISOR NAME UP TO 40 CHARACTERSXX-XXXXXADDRESS 1 UP TO 30 CHARACTERSADDRESS 2 UP TO 30 [email protected](000) 000-0000

001

CASH FLOW This Statement Year to Date

Opening Cash/Money Accounts 152,340.00

CREDITSFunds Received 10,000.00 1,725,482.77Electronic Transfers 100,000.00 159,000.00Other Credits 2,500.00 5,631.86

Subtotal 112,500.00 1,890,114.63DEBITSElectronic Transfers (41,000.00) (843,000.00)Margin Interest Charged (3,734.00) (6,789.00)Other Debits (2,766.00) (364,847.07)Visa Purchases (debits) — (26,001.97)ATM/Cash Advances — (3,500.00)Checks Written/Bill Payment — (83,887.71)

Subtotal (47,500.00) (1,328,025.75)

Net Cash Flow $65,000.00 $562,088.88

Dividends/Interest Income 20,000.00 139,543.90Dividend Reinvestments (468.52) (2,811.12)Security Purchases/Debits (25,974.00) (636,540.22)Security Sales/Credits 51,911.04 411,540.22

Closing Cash/Money Accounts $262,808.52

Securities You Transferred In/Out 35,000.00 303,415.46


Account Summary includes:• Assets, Liabilities and Cash Flow

for each individual account

Account Detail Pages (CMA® account shown as an example. Pages to be repeated for all accounts.)

2

Summary Pages

0007254 001020 7954

JOHN Q CUSTOMER AND Account Number: 1X1-45678 24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

ACCOUNT INVESTMENT OBJECTIVE December 01, 2009 - December 31, 2009

TOTAL RETURN: Objective is to strike a balance between fixed-income instruments for current income and equities for growth. Despite the relatively balanced nature of the portfolio, theinvestor should be willing to assume the risk of price volatility and principal loss.

If you have changes to your investment objective, please contact your Financial Advisor(s).

YOUR CMA BANK DEPOSIT INTEREST SUMMARY

Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yield% Deposits Balance

FIA Card Services, N.A. 98,010 98,010 3.01 344.75 122,369Bank of America RI, N.A. 0 3,010 3.01 15.50 4,024

TOTAL ML Bank Deposit Program 98,010 $360.25 126,39

ITEMS FOR ATTENTION

Security Message Date Security Message Date

EMC CORPORATION MASS Opinion Upgraded PFIZER INC DEL PV $0.05 Opinion DowngradedJPM 0027 7/2 Option Expiring 12/10/09

YOUR CMA ASSETS

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 1.00 1.36ML BANK DEPOSIT PROGRAM 126,393 126,393.00 1.0000 126,393.00 3,804 3.01

TOTAL 126,394.00 126,394.36 3,804 3.01

000000000000000000 0000000000000 7 of 27001

Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and other subsidiaries of Bank of America Corporation.Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

MLPF&S is a registered broker-dealer, member Securities Investor Protection Corporation (SIPC) and a wholly owned subsidiary of Bank of America Corporation.

YOUR CMA TRANSACTIONS December 01, 2009 - December 31, 2009

DIVIDENDS/INTEREST INCOME TRANSACTIONS (continued) IncomeDate Transaction Type Quantity Description Reinvestment Income Year To Date

Subtotal (Interest) 360.25 2,432.05

12/22 Lg Tm Cap Gain » LOWE’S COMPANIES INC 138.0012/22 Reinvestment LOWE’S COMPANIES INC (138.00)12/22 * Dividend LOWE’S COMPANIES INC 234.0012/22 Reinvestment LOWE’S COMPANIES INC (234.00)12/22 Lg Tm Cap Gain » BLACKROCK GLOBAL ALLOC 311.01

HOLDING 1301.9370QUAL DIV 311.01PAY DATE 12/05/2009

12/22 Divd Reinvestment 3 LOWE’S COMPANIES INCREINV AMOUNT $138.00REINV PRICE $46.00QUANTITY BOUGHT 3.00

Subtotal (Dividends) 683.01 1,112.01

NET TOTAL 1,041.76 5,362.09

» Long Term Capital Gain Distributions 449.01 956.82

The long-term capital gain distribution amounts may change due to income reclassification information provided by the issuer. In particular, distributions made by Mutual Funds, REITs and UITsoften need to be reclassified as a different type of distribution (including long-term capital gain distributions) after the end of the year in which the distribution was originally paid.

SECURITY TRANSACTIONS Unit Accrued InterestDate Description Transaction Type Quantity Price Debit Credit Earned/(Paid)

12/15 ■ AUTOMATIC DATA PROC Sale -400 8.6435 3,457.40CUS NO 053015103


12/22 SUN MICROSYSTEMS INC COM Sale -100 86.6645 8,666.45Subtotal (Sales) 15,996.85

000000000000000000 0000000000000


15 of 27001

Note: Specific detail sections may not appear in all statements, depending on account type, holdings and activity.

Your CMA®Transactions:• Provides detail on Income, Security

Transactions, Securities You Transferred In/Out (if applicable), and Realized Gains/(Losses)

Your Assets • Delivers a comprehensive listing of

assets in your account by category: — Cash/Money Accounts — Fixed Income — Equities — Mutual Funds — Options — Other — Alternative Investments

0007254 001020 7954

YOUR CMA ASSETS December 01, 2009 - December 31, 2009

CDs/EQUIVALENTS Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

+ CD AMERICAN NTL BK & TRST 12/14/01 40,000 40,492.00 105.7500 42,300.00 1,808.00 258.00 2,567 6.07CHICAGO, ILLINOIS••06.950%••DEC 28 2008CUSIP: 12345689••YTD PREMIUM AMORTIZATION: 67.00

TOTAL 40,000 40,492.00 42,300.00 1,808.00 258.00 2,567 6.07

GOVERNMENT AND AGENCY SECURITIES Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

+ GNM P246518 09 50% 2020 09/07/90 60,000 3,263.00 110.0000 3,589.00 326.00 26.00 314 8.75CUSIP: 123456789AMORTIZED FACTOR 0.054385870••AMORTIZED VALUE 3263ORIGINAL UNIT/TOTAL COST: 100.00/600.00

TOTAL 60,000 3,263.00 3,589.00 326.00 26.00 314 8.75

CORPORATE BONDS Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

NM BANK AMERICA CORP BE 03/26/01 20,000 20,000.00 100.3850 20,077.00 77.00 55.00 1,309 6.52CUSIP: 12345678415DEC18•MTLY-PAY 06.550% FIXRATE MOODY’S: AA3 S&P: A<CALL PRICE: 100.00 CALL DATE: 12/15/09

TOTAL 20,000 20,000.00 20,077.00 77.00 55.00 1,309 6.52

MUNICIPAL BONDS Adjusted/Total Estimated Estimated Unrealized Estimated Estimated CurrentDescription Acquired Quantity Cost Basis Market Price Market Value Gain/(Loss) Accrued Interest Annual Income Yield%

HAWAII ST HSG FIN & DEV 06/24/98 85,000 85,000.00 105.8282 89,953.97 4,953.97 325.00 4,030 4.48CRP SFM PUR REV SR A AMT JUN98 04.750%DEC01 08 MOODY’S: AAA S&P: AAA CUSIP: 123456785RESET RATE: 100.000 RESET DATE: 12/11/09

TOTAL 85,000 85,000.00 89,953.97 4,953.97 325.00 4,030 4.48

8 of 27001

JOHN Q CUSTOMER AND Account Number: 1X1-45678

0007254 001020 7954

■ YOUR PORTFOLIO REVIEW December 01, 2009 - December 31, 2009

CURRENT INCOME

Jul Aug Sep Oct Nov DecJan Feb Mar Apr May Jun$0

$2,000

$8,000

This ReportTax-Exempt Interest 232.50Taxable Interest 360.25Tax-Exempt Dividends 1.46Taxable Dividends 138.00Total $732.21

Estimated Annual Income $18,676.00

Year To Date 1,818.03 2,432.06 58.06 801.00 $15,109.14

Percent

Cash/Money Accounts 11%

Alternative Investments 1%

Other 40%

Equities 27%

Fixed Income 21%

TOTAL 100%

ASSET ALLOCATION*Estimated Accrued Interest not includedMay not reflect all holdings

000000000000000000 0000000000000


BOND MATURITY SCHEDULEDoes not include Fixed Income Mutual Funds

% of Total EstimatedMaturity Years Bond Assets Par Value Market Value

1–2 27% 40,000 42,300.002–5 58% 85,000 89,953.9710–15 15% 80,000 23,666.00Total 100% 205,000 $155,919.97

TOP FIVE PORTFOLIO HOLDINGSBased on Estimated Market Value

% ofCurrent Value Portfolio

Lowes Companies 214,200.00 18.51%ML Bank Deposit Program 126,393.00 10.92%Hawaii St. Hsg Fin & Dev 89,953.97 7.77%Hewlett Packard Co Del 71,370.00 6.17%Hawaiian Electric Inc 49,500.00 4.28%

4 of 27001

* Includes the categorical values for the underlying portfolio of individual mutual funds,closed end funds, and UITs

Your Portfolio Review • Features an Asset Allocation chart

and a Current Income graph• Highlights important data about your

top five holdings• Fixed income security holders will

receive a Bond Maturity Schedule• Financial Market Indicators and

marketing messages may be included for some accounts

CASH FLOWThis Report Year to Date


CREDITSFunds Received 4,487.73 1,725,482.77Electronic Transfers 13,800.00 59,000.00Other Credits 250.00 5,631.86

Subtotal 18,537.73 1,790,114.63

DEBITSElectronic Transfers (15,600.00) (52,900.00)Margin Interest Charged — —Other Debits (2,766.23) (364,847.07)Visa Purchases (debits) (169.93) (26,001.97)ATM/Cash Advances (254.00) (3,500.00)Checks Written/Bill Payment (53.05) (867,255.71)

Subtotal (18,843.21) (1,314,504.75)

Net Cash Flow (305.48) $475,609.88Dividends/Interest Income 732.21 5,109.20Dividend Reinvestments (138.00) (276.00)Security Purchases/Debits — 475,609.88Security Sales/Credits 25,996.85 303,415.46Closing Cash/Money Accounts $128,850.48

Securities You Transferred In/Out — (42,456.78)

0007254 001020 7954

ASSETSDecember 31 November 30

Cash/Money Accounts 128,850.48 102,564.90Fixed Income 205,419.97 150,000.00Equities 300,325.00 299,110.00Mutual Funds 64,484.10 —Options — —Other — —Alternative Investments 10,000.00 —

Subtotal (Long Portfolio) 709,079.55 551,674.90Estimated Accrued Interest 664.00 5,550.00Life Insurance/Annuities 459,488.10 458,000.00

TOTAL ASSETS $1,169,231.65 $1,015,224.90

LIABILITIES Margin Loan/Debit Balance — —Short Market Value (2,200.00) —

Subtotal (2,200.00) —


OTHER LIABILITIES (not included in Net Portfolio Value)

Loan Management Account (1) — —Mortgages (183,612.50) (185,972.50)Home Equity Loans — —Business Loans (4,000.00) (4,350.00)

Subtotal (187,612.50) (190,322.50)


(1) Secured by assets in a Merrill Lynch account

■ YOUR BALANCE SHEET (for your ML accounts) December 01, 2009 - December 31, 2009

3 of 27001

Account Number: 1X1-45678

Your Balance Sheet • Shows both Assets and Liabilities• Includes Loan Management Account®

and mortgage account values• Cash Flow section has a compre-

hensive list of credits and debits including a true net cash flow value

0007254 001020 7954

■ YOUR MONTHLY INCOME & GAIN/(LOSS) REVIEW December 01, 2009 - December 31, 2009

INCOME SUMMARYThis Report Year to Date

Tax- Tax- Total Tax- Tax- TotalExempt Taxable Exempt Taxable This Report Exempt Taxable Exempt Taxable YTD

Account No. Interest Interest Dividends Dividends» Income Interest Interest Dividends Dividends Income

Non-Retirement1X1-45678 233 360 – 449 1,042 1,818 2,432 – 957 5,207

Subtotal 233 360 – 449 1,042 1,818 2,432 – 957 5,207Retirement2X1-56789 – – 1 – 1 – – 58 – 58

Subtotal – – 1 – 1 – – 58 – 58 ��

TOTAL $233 $360 $1 $449 $1,043 $1,818 $2,432 $58 $957 $5,265��

» Dividends may include long term capital gain distributions.

GAIN/(LOSS) SUMMARY

Long Term CapitalRealized Gains/(Losses) Gain Distributions Unrealized Gains/(Losses)

This Report YTD This Report YTDAccount No. Short Term Short Term Long Term Long Term Year To Date Short Term Long Term

Non-Retirement1X1-45678 6,294.66 26,000.00 2,940.61 11,762.44 956.82 – 45,548.00

Subtotal 6,294.66 26,000.00 2,940.61 11,762.44 956.82 – 45,548.00Retirement2X1-56789 – – – – N/A – 10,871.00

Subtotal – – – – N/A – 10,871.00��

TOTAL $6,294.66 $26,000.00 $2,940.61 $11,762.44 $956.82 – $56,419.00��

5 of 27001


Your Monthly Income & Gain/(Loss) Review • Provides Income Summary and

Gain/(Loss) Summary for each account in your portfolio

• Offers information on interest and dividends earned for the current reporting period and year to date

• Summarizes realized and unrealized gains and losses

But to receive those for which you qualify, you should first make sure that you have linked your Merrill Lynch accounts. This will allow you to receive all your brokerage account statements in one envelope, as well as potentially increase the number of summary pages you may receive.

3

Key Information

2 of 270007254 001020 7954

■ YOUR ACCOUNTS December 01, 2009 - December 31, 2009

Account No. Account Type/Managing Firm December 31 November 30 Page

■ BEYOND BANKINGBeyond Banking marketing message displayed here.

■ INVESTMENTSJOHN Q CUSTOMER AND 1X1-456781 CMA 1,149,820.53 996,170.24 61This account has a margin debit balance. Please see the enclosed account statement for details.

■ RETIREMENTJOHN’S RETIREMENT 2X1-56789 IRA 17,211.12 19,054.66 20

■ CREDIT & LENDINGJOHN Q CUSTOMER AND 0000000000 Mortgage as of 07/29/09 (183,612.50) (185,972.50) †JOHN Q CUSTOMER AND 0000000000 Home Equity as of 07/29/09 — — †

Available Credit: 200,000.00Subtotal (183,612.50) (185,972.50)

Mortgage and home equity information provided by PHH Mortgage Corporation, the servicer of these loans. † Previous month’s mortgage and home equity balances are not as of the date above, but reflect balances reported on your last Merrill Lynch statement. For detailed information, please reference your regular monthly loan statement.

■ ESTATE PLANNING SERVICESEstate Planning Services marketing message displayed here.

■ SOLUTIONS FOR BUSINESS Business Financial Marketing Message displayed here.

000000000000000000 0000000000000


001

All brokerage accounts are held at Merrill Lynch, Pierce, Fenner & Smith Incorporated, Member SIPC. Bank deposits are held at Merrill Lynch affiliated banks or other depository institutions and are covered by FDIC insurance up to applicable limits. They are not protected by SIPC, see footnote 14 on the last page of this statement for more information. These summary reports are provided for informational purposes only and contain information from accounts linked for delivery in a single package. The underlyingaccounts may have different owners and use of “you” or “your” in these reports refer to all owners. The enclosed separate account statements are the official record for each account.

CASH FLOWThis Report Year to Date


CREDITSFunds Received 4,487.73 1,725,482.77Electronic Transfers 13,800.00 59,000.00Other Credits 250.00 5,631.86

Subtotal 18,537.73 1,790,114.63

DEBITSElectronic Transfers (15,600.00) (52,900.00)Margin Interest Charged — —Other Debits (2,766.23) (364,847.07)Visa Purchases (debits) (169.93) (26,001.97)ATM/Cash Advances (254.00) (3,500.00)Checks Written/Bill Payment (53.05) (867,255.71)

Subtotal (18,843.21) (1,314,504.75)

Net Cash Flow (305.48) $475,609.88Dividends/Interest Income 732.21 5,109.20Dividend Reinvestments (138.00) (276.00)Security Purchases/Debits — 475,609.88Security Sales/Credits 25,996.85 303,415.46Closing Cash/Money Accounts $128,850.48

Securities You Transferred In/Out — (42,456.78)

0007254 001020 7954

ASSETSDecember 31 November 30

Cash/Money Accounts 128,850.48 102,564.90Fixed Income 205,419.97 150,000.00Equities 300,325.00 299,110.00Mutual Funds 64,484.10 —Options — —Other — —Alternative Investments 10,000.00 —

Subtotal (Long Portfolio) 709,079.55 551,674.90Estimated Accrued Interest 664.00 5,550.00Life Insurance/Annuities 459,488.10 458,000.00

TOTAL ASSETS $1,169,231.65 $1,015,224.90

LIABILITIES Margin Loan/Debit Balance — —Short Market Value (2,200.00) —

Subtotal (2,200.00) —


OTHER LIABILITIES (not included in Net Portfolio Value)

Loan Management Account (1) — —Mortgages (183,612.50) (185,972.50)Home Equity Loans — —Business Loans (4,000.00) (4,350.00)

Subtotal (187,612.50) (190,322.50)


(1) Secured by assets in a Merrill Lynch account

■ YOUR BALANCE SHEET (for your ML accounts) December 01, 2009 - December 31, 2009

3 of 27001


INFORMATION AT YOUR FINGERTIPS, NOT IN YOUR MAILBOXDid you know you can receive this statement and many other Merrill Lynch communications electronically, instead of in the mail? E-delivery through My Merrill ® is a fast,flexible, safe way to reduce paper mail. Visit www.mymerrill.com to enroll today.

0007254 001020 7954

Primary Account: 1X1-45678

JOHN Q CUSTOMER ANDMARY CUSTOMER123 ANY STREETAPT 1AANYTOWN, ST 12345-6789

Your Financial Advisor:JOHN Q ADVISOR456 ANY STREETANYTOWN, ST [email protected](000) 000-0000

■ YOUR MERRILL LYNCH REPORT December 01, 2009 - December 31, 2009

PORTFOLIO SUMMARYDecember 31 November 30 Month Change

Net Portfolio Value $1,167,031.65 $1,015,224.90 $151,806.75 ▲

Your Assets $1,169,231.65 $1,015,224.90 $154,006.75 ▲Your Liabilities1 ($2,200.00) —

Your Net Cash Flow (Inflows/Outflows) ($305.48) ($1,324.01)Securities You Transferred In/Out — —

Subtotal Net Contributions ($305.48) ($1,324.01)

Your Dividends/Interest Income $732.21 $1,202.21Your Market Change $151,380.02 $42,381.00

Subtotal Investment Earnings $152,112.23 $43,583.21

*Link relationship change. 1 Includes cash/margin debit balances and short market values. See Your Balance Sheet and account statements for more details.

Net Portfolio Value (in millions), 2004-2009

12/04 12/05 12/06 12/07 12/08

.94.95

.92 .93

1Q09 2Q09 3Q09* 10/09 11/09 12/09

.95.97 .99 1.01 1.16

.93

4/04

.92.94

1 of 27001

Need Investment Guidance?Call Your Financial Advisor

If you have questions on your statement,call 24-Hour Assistance:(800) MERRILL(800) 637-7455Access Code: XX-XXX-XXXX

Up-to-date account information can be viewedat: www.mymerrill.com, where your statements arearchived for three or more years.

Questions about mymerrill.com? Click the “help”tab at the top of the screen once you log in.


Your Merrill Lynch Report This page shows your personal balance sheet— your Merrill Lynch Assets and Liabilities in one view.

Portfolio Summary Highlights changes in Portfolio Summary including Net Cash Flow, Securities Deposits/Withdrawals and Market Change.

Your Accounts This summary page lists all your linked accounts.

Open 24/7 Our 24-hour assistance number appears prominently on every other page. Your statement also features contact informa-tion for your Merrill Lynch Financial Advisor.

Account Level Summary Your accounts summarized in one view. Margin-Available Credit is displayed for applicable accounts. Also, this page is organized by product categories for clear, consistent communi-cation about your financial life.

Your Balance Sheet This page clearly presents your Assets and Liabilities, demonstrating the value of consolidating and integrating asset management with debt management.

Liabilities Section The Liabilities section clearly differentiates classes of liabilities and provides information on margin accounts, securities-based lending, mortgages and/or home equity loans with Merrill Lynch Home Loans™ and business loans. For most clients, information about your Merrill Lynch Home Loan mortgage and/or home equity loan will appear automatically on your statement unless you have elected a privacy choice that prohibits this.*

* For clients who are residents of California and Vermont, information about your Merrill Lynch Home Loan mortgage and/or home equity loan will appear on your statement only if you have provided affirmative written consent. Any first and/or home equity mortgage client who wishes to change an existing privacy election must provide written consent.

If you have any questions, or to obtain instructions and a Consent to Change form, you can call a loan servicing agent directly at (888) 412-8625; or you can go to: www.merrillhomeloans.com.

Net Portfolio Value The line chart displays trends over the past five years plus the current year.

In the pages that follow, we’ll take you on a guided tour of your statement and show you some of the key features and benefits.

4

Summary Pages

0007254 001020 7954

■ YOUR MONTHLY INCOME & GAIN/(LOSS) REVIEW December 01, 2009 - December 31, 2009

INCOME SUMMARYThis Report Year to Date

Tax- Tax- Total Tax- Tax- TotalExempt Taxable Exempt Taxable This Report Exempt Taxable Exempt Taxable YTD

Account No. Interest Interest Dividends Dividends» Income Interest Interest Dividends Dividends Income

Non-Retirement1X1-45678 233 360 – 449 1,042 1,818 2,432 – 957 5,207

Subtotal 233 360 – 449 1,042 1,818 2,432 – 957 5,207Retirement2X1-56789 – – 1 – 1 – – 58 – 58

Subtotal – – 1 – 1 – – 58 – 58 ��

TOTAL $233 $360 $1 $449 $1,043 $1,818 $2,432 $58 $957 $5,265��

» Dividends may include long term capital gain distributions.

GAIN/(LOSS) SUMMARY

Long Term CapitalRealized Gains/(Losses) Gain Distributions Unrealized Gains/(Losses)

This Report YTD This Report YTDAccount No. Short Term Short Term Long Term Long Term Year To Date Short Term Long Term

Non-Retirement1X1-45678 6,294.66 26,000.00 2,940.61 11,762.44 956.82 – 45,548.00

Subtotal 6,294.66 26,000.00 2,940.61 11,762.44 956.82 – 45,548.00Retirement2X1-56789 – – – – N/A – 10,871.00

Subtotal – – – – N/A – 10,871.00��

TOTAL $6,294.66 $26,000.00 $2,940.61 $11,762.44 $956.82 – $56,419.00��

5 of 27001


0007254 001020 7954

■ YOUR PORTFOLIO REVIEW December 01, 2009 - December 31, 2009

CURRENT INCOME

Jul Aug Sep Oct Nov DecJan Feb Mar Apr May Jun$0

$2,000

$8,000

This ReportTax-Exempt Interest 232.50Taxable Interest 360.25Tax-Exempt Dividends 1.46Taxable Dividends 138.00Total $732.21

Estimated Annual Income $18,676.00

Year To Date 1,818.03 2,432.06 58.06 801.00 $15,109.14

Percent

Cash/Money Accounts 11%

Alternative Investments 1%

Other 40%

Equities 27%

Fixed Income 21%

TOTAL 100%

ASSET ALLOCATION*Estimated Accrued Interest not includedMay not reflect all holdings

000000000000000000 0000000000000


BOND MATURITY SCHEDULEDoes not include Fixed Income Mutual Funds

% of Total EstimatedMaturity Years Bond Assets Par Value Market Value

1–2 27% 40,000 42,300.002–5 58% 85,000 89,953.9710–15 15% 80,000 23,666.00Total 100% 205,000 $155,919.97

TOP FIVE PORTFOLIO HOLDINGSBased on Estimated Market Value

% ofCurrent Value Portfolio

Lowes Companies 214,200.00 18.51%ML Bank Deposit Program 126,393.00 10.92%Hawaii St. Hsg Fin & Dev 89,953.97 7.77%Hewlett Packard Co Del 71,370.00 6.17%Hawaiian Electric Inc 49,500.00 4.28%

4 of 27001

* Includes the categorical values for the underlying portfolio of individual mutual funds,closed end funds, and UITs

Your Portfolio Review We’ve laid out this information in four quadrants to make it easy to access and understand.

Asset Allocation Shows how your account is allocated among the following asset categories: Cash and Money Accounts, Fixed Income, Equities, Alternative Investments or Other. A footnote may appear regarding allocation of Mutual Funds, if applicable.

Bond Maturity Schedule Presented here is the total value of your bond portfolio within defined maturity ranges. The table also shows the par value of the bond portfolio residing within each maturity range.

Your Monthly Income & Gain/(Loss) Review This page provides a summary of income from interest and dividends, as well as informa-tion on gains and losses for each account during the current month and year to date.

Gain/(Loss) Summary Shows long- and short-term gains and losses, both realized and unrealized, for each account, and year-to-date values for long- term capital gain distributions.

Current Income This chart graphically depicts monthly and year-to-date income. Additionally, it delineates interest paid on taxable versus tax-exempt securities and displays the values of dividends paid on both a taxable and tax-exempt basis.

Financial Market Indicators This chart appears on the Portfolio Review page if you don’t have fixed income securities. It shows the value of major market indicators for both the current and prior periods.

Income Summary Shows income generated and received during the month and year to date. This table separates interest received on tax-exempt securities from that received on taxable securities and displays dividends paid on both a taxable and tax-exempt basis. Total values are shown for each account and for your overall portfolio.

5

0007254 001020 7954


ACCOUNT INVESTMENT OBJECTIVE December 01, 2009 - December 31, 2009

TOTAL RETURN: Objective is to strike a balance between fixed-income instruments for current income and equities for growth. Despite the relatively balanced nature of the portfolio, theinvestor should be willing to assume the risk of price volatility and principal loss.

If you have changes to your investment objective, please contact your Financial Advisor(s).

YOUR CMA BANK DEPOSIT INTEREST SUMMARY

Average Current Interest on ClosingMoney Account Description Opening Balance Deposit Balance Yield% Deposits Balance

FIA Card Services, N.A. 98,010 98,010 3.01 344.75 122,369Bank of America RI, N.A. 0 3,010 3.01 15.50 4,024

TOTAL ML Bank Deposit Program 98,010 $360.25 126,39

ITEMS FOR ATTENTION

Security Message Date Security Message Date

EMC CORPORATION MASS Opinion Upgraded PFIZER INC DEL PV $0.05 Opinion DowngradedJPM 0027 7/2 Option Expiring 12/10/09

YOUR CMA ASSETS

CASH/MONEY ACCOUNTS Total Estimated Estimated Estimated Est. AnnualDescription Quantity Cost Basis Market Price Market Value Annual Income Yield%

CASH 1.00 1.36ML BANK DEPOSIT PROGRAM 126,393 126,393.00 1.0000 126,393.00 3,804 3.01

TOTAL 126,394.00 126,394.36 3,804 3.01

000000000000000000 0000000000000 7 of 27001

6 of 270007254 001020 7954

Online at www.mlol.ml.com Account Number: 1X1-45678 24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

■ CMA® ACCOUNT December 01, 2009 – December 31, 2009

THIS IS A LINE OF 30 CHARACTERJOHN Q CUSTOMER123 ANY STREETANYTOWN, ST 12345-6789TO ACCOMODATE MAXIMUM OF6 LINES TOTAL DEPTH

ASSETS December 31 November 30

Cash/Money Accounts 7,198,635.00 11,927,556.00Fixed Income 34,548,719.00 34,562,616.00Equities 15,395,162.00 9,365,390.00Mutual Funds --- ---Options 14,000.00 ---Other 8,409,954.00 8,313,954.00Alternative Investments --- ---

Subtotal (Long Portfolio) --- ---Estimated Accrued Interest 346,297.00 445,170.00Life Insurance/Annuities --- ---

TOTAL ASSETS $65,522.768.00 $64,464,687.00

LIABILITIESMargin Loan/Debit Balance --- ---Short Market Value (390,000.00) (150,000.00)



This account is pledged as collateral for Loan Management Account # XXX-XXXXX.

Net Portfolio Value: $65,522,768.00Your Financial Advisor:ADVISOR NAME UP TO 40 CHARACTERSXX-XXXXXADDRESS 1 UP TO 30 CHARACTERSADDRESS 2 UP TO 30 [email protected](000) 000-0000

001

CASH FLOW This Statement Year to Date


CREDITSFunds Received 10,000.00 1,725,482.77Electronic Transfers 100,000.00 159,000.00Other Credits 2,500.00 5,631.86

Subtotal 112,500.00 1,890,114.63DEBITSElectronic Transfers (41,000.00) (843,000.00)Margin Interest Charged (3,734.00) (6,789.00)Other Debits (2,766.00) (364,847.07)Visa Purchases (debits) — (26,001.97)ATM/Cash Advances — (3,500.00)Checks Written/Bill Payment — (83,887.71)

Subtotal (47,500.00) (1,328,025.75)

Net Cash Flow $65,000.00 $562,088.88

Dividends/Interest Income 20,000.00 139,543.90Dividend Reinvestments (468.52) (2,811.12)Security Purchases/Debits (25,974.00) (636,540.22)Security Sales/Credits 51,911.04 411,540.22

Closing Cash/Money Accounts $262,808.52

Securities You Transferred In/Out 35,000.00 303,415.46


Account Summary Page This page summarizes the assets, liabilities and cash flow for each account. The net portfolio value is highlighted.

Assets You’ll see current month and prior month values for all asset categories in the account.

Cash Flow Here’s an easy-to-use summary of debits and credits for the account—for the month and year- to-date.

Liabilities Margin loan/debit balances and short position values are included here; Merrill Lynch Home Loans home equity lines, mortgages and other loans appear only on the Your Accounts and Balance Sheet summary pages if applicable. Margin-Available Credit is displayed, if applicable.

Account Investment Objective Your account’s listed investment objective(s) and description(s) are displayed here.

Your Bank Deposit Interest Summary Shows balances on your bank deposits with FIA Card Services, NA and/or Bank of America RI, NA.

Items for Attention Look here for changes in research opinions on equity positions, alerts that options are expiring, bonds are maturing and other important messages.

Your Assets Here you’ll find a comprehensive list of securities within the account. Look in this section for important tax lot information, subtotals by asset type, and price and valuation information. You’ll also see a calculation of the yield for each investment.

Key Information Continued

We’ve selected a sample CMA®account to give you a sense of the account detail available in your Merrill Lynch statement. While specific sections may not appear in all statements, you’ll find that the information is presented consistently for each account.

Account Detail Pages

6

Direct Investments If you hold direct investments, such as Limited Partnerships that are held outside Merrill Lynch, they will be listed here.

YOUR CMA ASSETS December 01, 2009 - December 31, 2009

MUTUAL FUNDS/CLOSED END FUNDS/UITCumulative

Total Estimated Estimated Unrealized Total Client Investment Estimated CurrentDescription Quantity Cost Basis Market Price Market Value Gain/(Loss) Investment Return ($) Annual Income Yield%

BLACKROCK GLOBAL ALLOCATION C 1,301 17,652.00 14.5895 18,980.93 1,328.93 10,001 8,979 791 4.16SYMBOL: XXXXX Initial Purchase: 12/26/96Equity 100%.9370 Fractional Share N/A 14.5895 13.67 N/A 4.16

HAWAIIAN TAX FREE TR SBI 1,109 12,665.00 11.8097 13,096.95 431.95 4,402 8,694 544 4.152,742 N/A 11.8097 32,382.19 N/A 13,725 18,657 1,346 4.15

SYMBOL: XXXXX Initial Purchase: 12/15/98Fixed Income 100%

.8780 Fractional Share N/A 11.8097 10.36 N/A 4.15

Subtotal (Fixed Income) 45,489.50Subtotal (Equities) 18,994.60TOTAL 30,317.00 64,484.10 1760.88 1,890 4.16

Total Client Investment: Cost of shares directly purchased and still held. Does not include Unrealized Gain or (Loss): Estimated Market Value minus Total Cost Basis. Providedshares purchased through reinvestment. for Tax Planning purposes only and is not applicable to retirement accounts “denoted Cumulative Investment Return: Estimated Market Value minus Total Client Investment. by N/A”.Cumulative Investment Return is the capital appreciation (depreciation) of all shares purchased, Initial Purchase: Date of your initial investment in this fund.including shares purchased through reinvestment.Market Timing: Merrill Lynch's policies prohibit mutual fund market timing, which involves the purchase and sale of mutual fund shares within short periods of time with the intention of capturing short-term profits resulting from market volatility. Market timing may result in lower returns for long-term fund shareholders because market timers capture short-term gains thatwould otherwise pass to all shareholders and due to increased transaction costs and fewer assets for investment due to the need to retain cash to satisfy redemptions.

ALTERNATIVE INVESTMENTS Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

CAMPBELL STRATEGIC 12/17/04 219 227.990 49,929.00 45.66 10,000.00 (39,929.00) 000,000,000ALLOCATION FUND LP

TOTAL 49,929.00 10,000.00 (39,929.00)

LONG PORTFOLIO Adjusted/Total Estimated Unrealized Estimated Estimated CurrentCost Basis Market Value Gain/(Loss)Accrued Interest Annual Income Yield%

TOTAL 426,257.00 681,868.43 47,260.00 664.00 18,979 2.78

0007254 001020 7954 10 of 27001



DIVIDENDS/INTEREST INCOME TRANSACTIONS (continued) IncomeDate Transaction Type Quantity Description Reinvestment Income Year To Date

Subtotal (Interest) 360.25 2,432.05

12/22 Lg Tm Cap Gain » LOWE’S COMPANIES INC 138.0012/22 Reinvestment LOWE’S COMPANIES INC (138.00)12/22 * Dividend LOWE’S COMPANIES INC 234.0012/22 Reinvestment LOWE’S COMPANIES INC (234.00)12/22 Lg Tm Cap Gain » BLACKROCK GLOBAL ALLOC 311.01

HOLDING 1301.9370QUAL DIV 311.01PAY DATE 12/05/2009

12/22 Divd Reinvestment 3 LOWE’S COMPANIES INCREINV AMOUNT $138.00REINV PRICE $46.00QUANTITY BOUGHT 3.00

Subtotal (Dividends) 683.01 1,112.01

NET TOTAL 1,041.76 5,362.09

» Long Term Capital Gain Distributions 449.01 956.82

The long-term capital gain distribution amounts may change due to income reclassification information provided by the issuer. In particular, distributions made by Mutual Funds, REITs and UITsoften need to be reclassified as a different type of distribution (including long-term capital gain distributions) after the end of the year in which the distribution was originally paid.

SECURITY TRANSACTIONS Unit Accrued InterestDate Description Transaction Type Quantity Price Debit Credit Earned/(Paid)



12/22 SUN MICROSYSTEMS INC COM Sale -100 86.6645 8,666.45Subtotal (Sales) 15,996.85

000000000000000000 0000000000000


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YOUR CMA LIABILITIES December 01, 2009 - December 31, 2009

SHORTS Unit Total Estimated Estimated Unrealized Estimated CurrentDescription Acquired Quantity Cost Basis Cost Basis Market Price Market Value Gain/(Loss) Annual Income Yield%

CALL JPM 0027 7/2 04/07/03 10 .94 949.00 2.20 2,200.00 (1,250.00)JP MORGAN CHASE AND CO EXP 08-10 2005OPEN TRANSYMBOL: XXX

TOTAL 949.00 $2,200.00 (1,250.00)

YOUR CMA INDEPENDENTLY VALUED DIRECT INVESTMENTS

Description Quantity Est. Value Per Unit* Est. Value*

ML MEDIA PARTNERS LP 86 10 N/A N/A (2)

* The amounts presented for limited partnerships and other direct investments are for informational purposes only, generally do not represent the market or liquidation value of these investments, and may vary from values (if any) provided by the issuer or others. These investments are generally illiquid and are not listed on a national securities exchange or The Nasdaq Stock Market, and investors may not be able to sell them or realize the amounts shown above upon a sale or liquidation. Also, these amounts are not included in the “Priced Portfolio” or similar categories of this statement. These investments are not registered in the name of or held by MLPF&S or its nominees and are held by you or registered in your name with the issuer or its agent. MLPF&S does not hold or act as custodian for these investments. The amounts represent one of the following, as indicated:(1) - An estimate of value provided to Merrill Lynch by an independent valuation service on an annual basis; in this case, an estimate of value based on information available to the service on March 15, 2008. This amount has not been adjusted to reflect changes which may have taken place subsequent to that valuation date.(2) - Unavailable; the value of this investment may be different than its original purchase price.

YOUR CMA TRANSACTIONS

DIVIDENDS/INTEREST INCOME TRANSACTIONS IncomeDate Transaction Type Quantity Description Reinvestment Income Year To Date

12/15 Bond Interest HAWAII ST HSG FIN+DEV 232.50CRP SFM POR REV SRA AMTJUN 98 04.750% DEC 0108

Subtotal (Tax-Exempt Interest) 232.50 1,818.03

12/29 ³ Bank Interest BANK DEPOSIT INTEREST 1.25Income Total ML Bank Deposit Interest 359.00

0007254 001020 7954 14 of 27001


Dividends/Interest Income Transactions This is a summary of the dividends and interest earned for the statement period and year-to-date, including reinvestments. For tax-reporting purposes, dividends and interest are flagged as either taxable or tax-exempt. A footnote may appear to highlight dividends that may be subject to long-term capital gain distribution.

Your Transactions Here’s the record of activity in your account, organized in chronological order, by category.

Security Transactions In addition to purchases, sales and redemptions, this section includes information on accrued interest and subtotals for selected categories.

Long Portfolio Provides a total for Adjusted/Total Cost Basis, Estimated Market Value, Unrealized Gain (or Loss), Estimated Accrued Interest, Estimated Annual Income and Current Yield %.

Liabilities Lists the liabilities in your account, including short positions.

Alternative Investments If you hold alternative investments, they will be listed here.

7


OPEN ORDERSDate Transaction Quantity Description Price12/25 ORDER TO BUY 2,400 HEWLETT PACKARD CO DEL 15.0000

STANDING INSTRUCTIONSTransaction Frequency Description AmountORDER TO BUY QUARTERLY ML GLOBAL ALLOCATION C 1,000.0000

WHEN ISSUEDDate Transaction Quantity Description12/15 Bought W.I. 5,000 TRINITY AREA SCH DIST PA

FGIC04 04.25% JUL 01 18

UNSETTLED TRADESTrade Settlement Symbol/ TransactionDate Date Description Cusip Type Quantity Price Amount

12/28 01/03 BELLSOUTH CORP BLS Purchase 80 39.1000 (3,119.91)12/30 01/05 EXPRESS SCRIPTS INC COMMON ESRX Sale 40 78.0000 3,111.91

NET TOTAL (8.00)

CASH/OTHER TRANSACTIONSDate Transaction Type Quantity Description Debit Credit

12/08 ³ Funds Received CHECK DEPOSIT 50.3512/11 ³ Funds Received CHECK DEPOSIT 2,000.0012/29 Funds Received CMA PAYROLL DE C/ 10/29 2,437.38

Subtotal (Funds Received) 4,487.7312/08 Direct Deposit US TREASURY 310 250.0012/08 Pre-Authdebit EXXON CO USA 50.0012/08 Funds Transfer CITIZENS BANK 1,000.0012/13 Wire Transfer WIRE TRF IN D200000293232 12,500.0012/13 Wire Transfer WIRE TRF OUTP20002103037 3,500.0012/22 Pre-Authdebit SYMBOL TECH 100.00

000000000000000000 0000000000000


17 of 27001


SECURITY TRANSACTIONS (continued) Unit Accrued InterestDate Description Transaction Type Quantity Price Debit Credit Earned/(Paid)

12/14 FEDL FARM CREDIT BANK Redeemed -10,000 10,000.00DISCOUNT NOTE ZERO% DEC 14 2006PAY DATE 12/14/2009 INTEREST INCOME: $1,234.56*Subtotal (Other Security Transactions) 10,000.00Total Accrued Interest Earned 000.00Total Accrued Interest Paid (000.00)TOTAL 25,996.85

* This amount represents the interest income associated with the security redemption. Your Tax Reporting Statement will reflect this amount.

REALIZED GAINS/(LOSSES) Acquired/ Liquidation/Cover Short Short Sale Gains/(Losses)*

Description Quantity Date Date Sale Amount Cost Basis This Statement Year to Date

X AUTOMATIC DATA PROC 400 07/17/95 12/15/05 3,457.40 2,016.79 1,440.61100 07/18/98 12/18/09 3,873.00 2,373.00 1,500.00

Subtotal (Long-Term) 2,940.61 11,762.44SUN MICROSYSTEMS INC COM 100 12/21/09 12/22/09 8,666.45 2,371.79 6,294.66

Subtotal (Short-Term) 6,294.66 26,000.00

TOTAL 15,996.85 6,761.58 9,235.27 37,762.44

+ Debt Instruments purchased at a premium show amortization θ Debt Instruments purchased at a discount show accretion N/C - Results may not be calculated for transactions which involve the amortization of premium, the repayment of principal, the sale of partnership interests, derivative products purchased in the secondary market, or the determination of ordinary income and or capital items for discount and zero-coupon issues.S - Short SaleP - Indicates that an option premium has been included in the calculation.CSVB - Indicates cover short versus box.N/A - Results which cannot be calculated because of insufficient data are reflected by an N/A entry in the capital gain or (loss) column and are not included in the realized capital gain and loss summary.DK - Identifies results which cannot be determined as short-term or long-term until combined with results of other 2008 broad-based index option (DK) transactions.CXL - Indicates the cancellation of an error transaction.COR - Reflects a correction entry.* - Trades settling this month but executed in 2007 must be reported in 2007. These totals exclude (DK) broad-based index option results.The Cost Basis for eligible Tax Lots purchased in the current year has not been adjusted by a portion of the current year Unlimited Advantage fee. If the account is enrolled in the Cost Basis AllocationService, adjustments to Tax Lots will systematically occur at year-end.X The cost basis on the sale or redemption of this security is determined utilizing the First-In First-Out (FIFO) accounting methodology. If you transferred this security to Merrill Lynch from another firm,the cost basis may have been reported to you by the other firm using an average cost methodology. If you previously used an average cost methodology in reporting sales transactions of this security tothe IRS, you may need to use an adjusted basis other than the one shown above. Please consult your tax advisor for more information.

0007254 001020 7954 16 of 27001



CASH/OTHER TRANSACTIONS (continued) Date Transaction Type Quantity Description Debit Credit

12/22 Funds Transfer BANK RETURN 500.0012/23 Pre-Authdebit SYMBOL TECH 100.0012/25 ACH WCM # 1234567 200.0012/25 Wire Transfer WCM TRF OUT P20002104148 10,000.0012/25 Funds Transfer BANK ONE 500.0012/25 ACH WCM #7654321 350.0012/25 ACH BANK RETURN #7654321 350.00

Subtotal (Electronic Transfers) 15,600.00 13,800.0012/08 Journal Entry Tr From 222-22222 250.0012/25 Visa Signature MONTH-END SUMMARY DEBIT 219.9312/29 Withdrawal CK #21006-23525 446.30

FIRST FEDERAL BANKSubtotal (Other Debits/Credits) 666.23 250.00

NET TOTAL 2,051.57

VISA SIGNATURE ACTIVITY

Trans. Date Date Cleared Description Location/Transaction Debit Credit

11/26 OPENING BALANCE .0012/05 12/05 GOING FOR BAROQUE 50.0012/12 12/22 * – TINTON FALLS BUY TINTON FALLS NJ 68.1012/12 12/22 * – MARTY'S SHOES SHREWSBURY NJ 97.8012/13 12/22 * – MARSHALLS 55 SHREWSBURY NJ 21.1912/13 12/22 * – SAM GOODY EATONTOWN NJ 32.84

Subtotal (Visa Purchase Activity) 169.93

12/18 ML ATM 000000 SMST NJ 100.00

12/18 PLUS ATM 000000 OCEAN NJ 51.50Subtotal (ATM•Activity) 151.50

12/27 VISA: FIRST BANK & TRUST $100.00 FEE: 2.50 LUFKIN TX 102.50

Subtotal (Cash Advances) 102.50

NET TOTAL 423.93

07/27 CLOSING BALANCE .00

0007254 001020 7954 18 of 27001


When Issued Includes transaction details for When Issued securities.

Unsettled Trades Provides a list of purchases/sales entered during the current month’s state-ment period, but not settling until the following month.

Visa® Signature Activity You’ll see subtotals for selected categories— Visa®debit purchase activity, ATM activity and cash advances.

Realized Gains/(Losses) This summary of gains and losses for transac-tions closed within the month represents figures as short-term and long-term to guide your tax-planning and investment decisions.


Open Orders Indicates, with specific prices and quantities, any orders you have placed that remain unexecuted.

Standing Instructions Shows the amount, type and frequency of the action.

8

Cash/Other Transactions This section lists miscellaneous transac-tions, such as funds received, electronic transfers, other debits/credits and margin interest charged.

0007254 001020 7954

YOUR RETIREMENT ACCOUNT CONTRIBUTIONS AND DISTRIBUTIONS December 01, 2009 - December 31, 2009

Year End Plan Value as of December 31, 2008: $20,000.00 Contributions after December 31, 2008 for 2008: $00.00

Contributions Tax Year 2009 Tax Year 2008

Salary Deferral 10,000.00 5,000.00Total Rollover Deposits 2,000.00 1,000.00Recharacterization Deposits 5,000.00 1,500.00

Distributions Tax Year 2009 Tax Year 2008 RMD•Calculated Amount 2010

Normal 4,000.00 5,000.00 10,000Rollover 6,000.00 8,000.00Federal Taxes Withheld 892.00 912.00NY State Taxes Withheld 212.00 300.00GA State Taxes Withheld 212.00 300.00Retirement to Roth 7,057.72 0.00

Our records indicate that for 2010 you may be required to take a Required Minimum Distribution (RMD) from this account. You are required to take annual RMD's from your IRA account (s) forthe year you turn age 70 ½ and each subsequent year. The deadline for taking your 2010 RMD is December 31, 2010 or April 1, 2011 if 2010 is your first Required Minimum Distribution year.Contact us after January 15th in order to obtain your RMD calculation (if applicable), otherwise the calculation will be provided to you on your next statement.

For IRA, IRRA, SEP/IRA, SIMPLE/IRA Roth IRA and ESA accounts, the Year-End Plan Value represents the valuation we must furnish to you and the Internal Revenue Service as part of the IRSForm 5498 reporting requirements.

000000000000000000 0000000000000

JOHN’S RETIREMENT Account Number: 2X1-56789 24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

23 of 27001


VISA SIGNATURE REWARDS Previous Points Earned Points Point Bonus EndingRewards Period Point Balance This Period Redeemed Adjustments Points Balance

11/26/2009 to 12/30/2009 25,782 220 0 0 0 26,002

CHECKS WRITTEN/BILL PAYMENTDate Written Date Cleared Check Number Description Transaction Debit Credit

12/27 1234* PROVISIONAL CREDIT CHECK DISPUTE 289.7912/18 12/22 5678# JOHN SMITH 100.0012/18 12/22 9125 MACY'S 242.84

NET TOTAL 53.05

* Indicates gap in check sequence# Check converted to ACH debit by payeeTo report Lost or Stolen Visa Cards or Checks, please call (800) CMA-LOST.

YOUR CMA MONEY ACCOUNT TRANSACTIONS

Date Description Withdrawals Deposits Date Description Withdrawals Deposits

12/05 ML Bank Deposit Program 50.00 12/22 ML Bank Deposit Program 343.0012/07 ML Bank Deposit Program 749.00 12/25 ML Bank Deposit Program 8,366.0012/08 ML Bank Deposit Program 2,387.00 12/26 ML Bank Deposit Program 9,919.0012/13 ML Bank Deposit Program 9,000.00 12/27 ML Bank Deposit Program 499.0012/15 ML Bank Deposit Program 13,690.00 12/28 ML Bank Deposit Program 2,437.0012/18 ML Bank Deposit Program 3,773.00 12/29 ML Bank Deposit Program 344.0012/19 ML Bank Deposit Program 153.00

NET TOTAL 28,384.00

COPIES OF THIS STATEMENT HAVE BEEN SENT TO:

Michael Recipient Jane Recipient Joe Recipient123 Any Street 123 Any Street 123 Any StreetAnytown, ST 12345-6789 Anytown, ST 12345-6789 Anytown, ST 12345-6789

000000000000000000 0000000000000


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001 0007254 001020 7954 24 of 27

+ Ratings dispersions may vary from time to time where BofAML Research believes that it better reflects the investment prospects of stocks in a Coverage Cluster.

FUNDAMENTAL EQUITY OPINION KEY AND GUIDE TO YOUR BofA MERRILL LYNCH RESEARCH RATINGS

BofA MERRILL LYNCH RESEARCHBofA Merrill Lynch Research or BofAML Research is research produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and/or one or more of its affiliates. MLPF&S is a wholly-owned subsidiary of Bank of America Corporation.

Equity Opinions include a Volatility Risk Rating, an Investment Rating and an Income Rating.

BofAML Research Volatility Risk Ratings BofAML Research Income RatingsIndicators of potential price fluctuation are: Indicators of potential cash dividends are:A - Low 7 - Same/higher (dividend considered to be secure)B - Medium 8 - Same/lower (dividend not considered to be secure)C - High 9 - Pays no cash dividend

BofAML Research Investment RatingsReflect the analyst’s assessment of a stock’s absolute total return potential and the stock’s attractiveness for investment relative to other stocks within a Coverage Cluster (defined below). There are three investment ratings: 1 - Buy stocks are expected to have a total return of at least 10% and are the most attractive stocks in the Coverage Cluster2 - Neutral stocks are expected to remain flat or increase in value and are less attractive than Buy rated stocks 3 - Underperform stocks are the least attractive stocks in a Coverage Cluster

Analysts assign investment ratings considering, among other things, the 0-12 month total return expectation for a stock and the firm’s guidelines for ratings dispersions (shown in the tablebelow). The current price objective for a stock should be referenced to better understand the total return expectation at any given time. The price objective reflects the analyst’s view of thepotential price appreciation (depreciation).

A Coverage Cluster is comprised of stocks covered by a single analyst or two or more analysts sharing a common industry, sector, region or other classification(s). A stock’s Coverage Cluster isincluded in the most recent BofAML Comment referencing the stock.

*THIRD PARTY RESEARCHThird party research on the equity securities of certain companies is available to clients for informational purposes. Clients can access this research at www.mymerrill.com or can call 1-800-MERRILL to request that a copy be sent to them. Please note that the third party research rating is not necessarily equivalent to, or derived using the same methodology as, the BofAMLResearch ratings or the ratings of other third party research providers.

BofAML Research Investment RatingBuy

NeutralUnderperform

> or = 10% > or = 0%

N/A

< or =70%< or = 30%> or = 20%

Total return expectation (within 12-month period of date of intial rating) Ratings dispersion guidelines for Coverage Cluster+

Visa® Signature Rewards® This section provides an update on your Signature Rewards® program status, with previous point balance, points earned, points redeemed, bonus points and ending balance.

Checks Written/Bill Payment This section provides details on check clearing activity and electronic bill payments.

Money Account/Money Fund Transactions Displayed here are details of all deposits to and with-drawals from your balances in the Merrill Lynch Bank Deposit Program or other available money funds.

Copies of this statement have been sent to Will list all recipients who will receive a copy of your statement.

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Research Ratings For accounts that qualify, BofA Merrill Lynch Global Research (BofA ML Research) and independent research ratings are provided for most equities.

Your Retirement Account Contributions and Distributions Retirement account holders will see account contributions and distri-butions and if required, the Required Minimum Distribution Calculated amount for the annual distribution.

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BofA FUND(S)HYPOTHETICAL FUTURE FEES & EXPENSES December 01, 2009 - December 31, 2009

Hypothetical Fees & Expenses:

*** Annual Expense Ratios are based on amounts incurred during the most recent fiscal year, as shown in the fund's audited financial statement, may have been restated to reflect current serviceprovider fees, and are net of any waivers, reimbursements or caps that the fund's manager has committed to the fund for the period of the commitment. Annual Expense Ratios are updated in conjunction with annual updates to the fund's prospectus. For new funds that do not yet have audited financial statements covering more than a six-month period, Annual Expense Ratio is estimated.**** The hypothetical information shown above calculates the approximate fees and expenses that would be charged on the Initial Hypothetical Investment of $10,000, based on a 5.00% return eachyear. Actual results may vary. The fee and expense information shown assumes that all dividends and distributions are reinvested in the fund.

Assumptions:- Annual Fees & Expenses are approximate and assume that the investor had an initial investment of $10,000 and held shares of the fund for an entire 10-year period and do not include contingentdeferred sales charges. - For Class B shares, the expense ratios reflect fee reductions resulting from conversion to Class A shares held after year eight. - Annual Fees & Expenses are calculated based on the average between the beginning and ending balance for each year. All information is calculated on an annual compounding basis.- Hypothetical Future Fees & Expenses are hypothetical and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation or endorsement of any specificmutual fund. Mutual fund fees and expenses fluctuate over time and actual expenses may be higher or lower than those shown. You should carefully review the fund's prospectus to consider the investment objectives, risks, expenses and charges of the fund prior to investing.

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BofA GROWTH FUND 27865J710Initial Hypothetical Investment **** $10,000Assumed Rate of Return 5.00%

Cumulative Cumulative HypotheticalReturn Annual Return Year-End Balance Annual

Before Fees Expense After Fees After Fees FeesYear & Expenses Ratio*** & Expenses & Expenses & Expenses01 5.00% 0.85% 4.26% $9,420.99 $81.7902 10.25% 0.92% 9.50% $9,840.35 $92.4303 15.76% 0.92% 11.08% $10,100.22 $96.3604 21.55% 0.92% 16.55% $11,036.69 $100.5205 -27.63% 0.92% -22.50% $11.598.99 $104.5806 34.01% 0.92% 26.57% $12,568.33 $108.6307 40.71% 0.92% 34.44% $13,125.35 $113.4808 47.75% 0.92% 36.52% $13,995.88 $117.2609 55.13% 0.92% 48.64% $14,745.21 $122.9610 -62.89% 0.92% -48.69% $14,553.85 $127.66

Total Gain After Fees & Expenses $5,698.64Total Annual Fees & Expenses $1,420.09

BofA LARGE CAP FUND 19765K605Initial Hypothetical Investment **** $10,000Assumed Rate of Return 5.00%

Cumulative Cumulative HypotheticalReturn Annual Return Year-End Balance Annual

Before Fees Expense After Fees After Fees FeesYear & Expenses Ratio*** & Expenses & Expenses & Expenses01 5.00% 0.80% 4.20% $10,420.00 $81.6802 -10.25% 0.87% -8.50% $10,850.35 $92.5303 15.76% 0.87% 12.98% $11,298.47 $96.3504 21.55% 0.87% 17.65% $11,765.09 $100.3305 27.63% 0.87% 22.51% $12,250.99 $104.4706 34.01% 0.87% 27.57% $12,756.96 $108.7807 -40.71% 0.87% -32.84% $13,283.82 $113.2808 47.75% 0.87% 38.32% $13,832.44 $117.9609 55.13% 0.87% 44.04% $14,403.72 $122.8310 62.89% 0.87% 49.99% $14,998.59 $127.90

Total Gain After Fees & Expenses $4,998.59Total Annual Fees & Expenses $1,066.09

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24-Hour Assistance: (800) MERRILLAccess Code: XX-XXX-XXXX

BofA FUND(S)CURRENT PERIOD FEES & EXPENSES December 01, 2009 - December 31, 2009

Account Annual Current Period Fees Ending

Number Units Fund Name CUSIP Expense Ratio * & Expenses ** Market Value

1X1-45678 1,301.93 BofA LARGE CAP FUND 19765K605 0.80% $18.46 $18,994.601X1-45678 3,851.87 BofA GROWTH FUND 27865J710 0.85% $25.32 $45,489.50

The mutual funds, referenced above, are distributed by BofA Distributors, Inc., an affiliate of Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Please note fees and expenses charged by a BofA Fund are included in the operating expenses of the Fund and are not deducted from the ending balance on your statement.

* Annual Expense Ratio is based on amounts incurred during the most recent fiscal year, as shown in the fund's audited financial statement, may have been restated to reflect current service provider fees, and arenet of any waivers, reimbursements or caps that the fund's manager has committed to the fund and that are currently in effect. Expense ratios are updated in conjunction with the annual updates to the fund'sprospectus. For new funds that do not yet have audited financial statements covering more than a six-month period, Annual Expense Ratio is estimated.

** Current Period Fees & Expenses are approximate, assume that the investor held shares of the fund valued at the ending balance for the entire period, and do not include the effect of any transactions that mayhave been made during the period.

Additional Disclosures Applicable to Current Period Fees & Expenses and to Hypothetical Future Fees & Expenses:- Additional fee information, including a summary of an independent fee consultant's management fee evaluation, is available at www.bofacapital.com and in shareholder reports.- Fees disclosed here for a fund that is held through a wrap fee program do not include the separate fees and expenses that are imposed under the wrap fee program.

An investment in a money market mutual fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market mutual funds seek to preserve thevalue of your investment at $1.00 per share, it is possible to lose money by investing in money market mutual funds. Past performance is no guarantee of future results. You should carefully consider a fund's investment objectives, risks, charges and expenses before investing. This and other important information is included in the fund's prospectus, which should be read carefully before investing.

The following section details the hypothetical future fee and expense structure associated with your mutual funds distributed by BofA Distributors, Inc.. The following tables are produced for illustrative pur-poses only and do not guarantee future results. Actual results may vary. The illustrations are based on the assumptions appearing at the end of this section.

BofA Fund(s) Hypothetical Future Fees & Expenses Displays projected value of future fees and expenses for each BofA fund held.

BofA Fund(s) Current Period Fees & Expenses Displays approximate value for current period fees and expenses for each BofA fund held.


It’s All About You

The Merrill Lynch statement is based directly on client recommendations and preferences, as defined by extensive quantitative and qualitative research conducted throughout the country.

You’ll find the statement intuitive, logical and easy to use. And if you have questions, relevant Merrill Lynch phone numbers and Web addresses are clearly indicated throughout, as is your Financial Advisor’s name and contact information.

The statement brings together key information about your banking, investments, retirement, credit and lending, estate-planning and business finances. It illustrates that your money really does work harder when it works together.

Other Accounts and Services

Depending on the nature of your account, your statement may also contain complete details of the following:

n Insurance contracts and CMA insurance services

n Retirement accounts

n Merrill Lynch Consults® accounts

n Mutual Fund Advisor® accounts

n Banking accounts

n Loan Management Account®

n Trust Management Account

n College savings plan accounts

Get Your Statement, Your Way

CONVENIENT ELECTRONIC DELIVERY To reduce the number of mailings you receive, you can sign up for secure electronic delivery and not receive paper statement mailings at all. You’ll get your statements two to three days faster, and you can view, save or print them. You can also view four years’ worth of past statements online.

Several options are available for statement delivery, including monthly or quarterly for some accounts: n E-Delivery®for All Accounts – You receive an e-mail notification when your statements are available online,

with no paper statement mailed.

n Mail Summary Only – The statement summary section is sent to you in the mail, with detail sections available electronically.

n Delivery Options by Account – Choose either paper mail or e-delivery on an account-by-account basis. You may select a combination of both. You can choose the exact combination of delivery options you want for each account.

In addition to your monthly statement, you can choose electronic delivery of other account records such as Performance Reports, Trade Confirmations, Prospectus, Tax Statements, Service Notices and Shareholder Notices.

To enroll in E-delivery, log in to MyMerrill.com, and from your home page select the “Profile & Settings” section under the “Client Services” tab. By selecting the “Notification Settings” tab you will be able to enter your delivery preference for monthly statements and other eligible account records.

REDUCE MAIL WITH STATEMENT LINKING By “linking” your Merrill Lynch accounts, you’ll receive your statements together in one envelope. Linking your accounts allows you to receive account summary pages along with detail pages for each account in the linked relationship. It may also make you eligible to earn higher interest rates by putting you in a higher asset tier. Contact your Financial Advisor to learn more.

Additional Statement Features

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Streamlined Statement Option

At Merrill Lynch we take our commitment to simplify your financial life seriously. For clients who have certain retirement accounts, or who just want a more simplified statement, you may be eligible to receive a streamlined version of the monthly statement that makes it easy for you to understand your holdings and investment activity.

The streamlined version of the statement presents information in a logical, clear and easy-to-read design that resembles other Merrill Lynch statements. In addition, it consolidates cost basis detail and includes categorical holdings detail, account level “Cash Flow,” a separate listing of money fund transactions, and provides Daily Account Activity as the default.

Quarterly Performance Report

Clients who hold managed accounts such as an Unified Managed Account (UMA), Consults or Personal Investment Advisory® (PIA) will receive a Quarterly Performance Report. This report provides detailed information regarding the rates of return for the account against benchmarks.

Fiscal Statement

If you have an RCMA®, WCMA®, EMA®, BIA or TMA account, you are eligible to receive an annual Fiscal Statement in addition to the Merrill Lynch monthly statement. The Fiscal Statement is a comprehensive statement that combines 12 months of activity and is generated once in a 12-month cycle based on a predetermined fiscal plan month.

Annual Consolidated Tax Reporting Statement

Each February, we will send you a special tax-reporting statement that contains account data to help with tax return preparation. The Consolidated Tax Reporting Statement contains the following Key Features:

n A summary of taxable activities in your account and a detailed chronological breakdown of reportable transactions grouped by category. This section legally substitutes for IRS Forms 1099-Div, 1099-INT, 1099–OID, 1099-B and 1099-MISC

n The Non-Reportable Income/Expense Section goes beyond providing the details of your transactions. It also includes income and expenses that, although we do not report to the IRS, can help with tax preparation.

n The CMA Visa Signature Summary includes Check Summary and Visa Signature Transaction Summary sections that list all checks numerically and all card transactions by date and category. This section also offers a month-by-month analysis of all expenditures, and includes pre-authorized debits and web bill payments.

n A Merrill Lynch Mutual Fund Advisor® Program (Merrill Lynch MFA®) Average Cost Basis Summary is provided if you have an account enrolled in the MFA Service. Your gain and loss calculations for redemptions and taxable exchanges will be listed and calculations are based on the IRS-approved, average cost, single category method for establishing the cost basis when selling mutual fund shares.

Additional Client Reporting

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BofA, CMA, E-Delivery, EMA, Loan Management Account, Merrill Lynch Consults, Merrill Lynch MFA, Merrill Lynch Mutual Fund Advisor, mymerrill.com, Personal Investment Advisory, RCMA, Signature Rewards and WCMA are trademarks of Bank of America Corporation.

Visa is a registered trademark of Visa International Service Association and is used by Merrill Lynch Bank USA (MLBUSA) pursuant to license from Visa U.S.A. Inc.

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