New Issue: Merrill Lynch prices $175 million Accelerated Return Notes linked to Rogers commodity index

By E. Janene Geiss

Philadelphia, Nov. 7 - Merrill Lynch & Co., Inc. priced $175 million Accelerated Return Notes due Jan. 20, 2009 linked to the Rogers International Commodity Index - Excess Return - Merrill Lynch calculated, according to a 424B3 filing with the Securities and Exchange Commission.

At maturity, the notes pay par plus triple any gain on the index, capped at 28.31%. Investors have full exposure to any decline.

Merrill Lynch & Co. is the underwriter.

Issuer:	Merrill Lynch & Co., Inc.
Issue:	Accelerated Return Notes
Underlying index:	Rogers International Commodity Index - Excess Return - Merrill Lynch calculated
Amount:	$175 million
Maturity:	Jan. 20, 2009
Price:	Par of $10
Payout at maturity:	Par plus triple the gain on the index, capped at 28.31%; full exposure to any decline
Initial index level:	3,301.34
Pricing date:	Oct. 31
Settlement date:	Nov. 7
Underwriter:	Merrill Lynch & Co.
Fees:	2%

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