You may not need to deplete your cash or liquidate assets to meet your tax obligations this year.

According to the IRS website1, Am

ericans paid over $1.2 trillion to the IRS for income taxes in fiscal year 2006. If you expect to have to pay taxes this year, your Financial Advisor can work with you to explore a number of payment alternatives that may allow you to keep your investment strategy intact and help manage your cash flow.

Ask your Financial Advisor which of the following solutions may best meet your needs.

Equity Access® Account (for individuals) – A home equity line of credit allows you to leverage the equity in your
home as a ready, cost-effective and flexible source of borrowing.2

  • One of the few remaining credit sources that may be tax deductible (consult your tax advisor).3
  • Convenient access to funds via check, Visa® card (where applicable), Cashier’s check or wire transfer.

Loan Management Account® – A securities-based loan account for personal and business financing.

  • Simply write a check or initiate an electronic transfer for any personal or business financing need.
  • Help keep your pledged investments intact while having the flexibility to cover emergency needs, tax payments
    and more.

Margin Lending Program – A line of credit based on margin-eligible securities in your Cash Management Account® (CMA®), Working Capital Management Account® (WCMA®) or other eligible central asset accounts.

  • Access credit quickly and conveniently—it’s as easy as writing a check or using your Visa® Signature Rewards® Card.
  • Cover emergency needs, tax payments and other short-term financing needs.

Merrill Lynch Visa® Cards – Your Merrill Lynch Visa Card can be a convenient and rewarding way to pay your taxes.

  • Use your Visa® Signature Rewards® Card or Visa® Business Signature Rewards® Card to pay your taxes and earn rewards — redeemable for merchandise, gift certificates, travel miles and more.
  • Get the reward of cash back when you pay your taxes with your Total MerrillSM Cash Back Visa® Credit Card.
  • Easily and conveniently pay your taxes with your MERRILL+® Visa® Credit Card.

Securities-based financing involves special risks and is not for everyone. When considering a securities-based loan, you should take into account your individual requirements, portfolio composition and risk tolerance, as well as capital gains taxes, portfolio performance expectations and investment time horizon. You can discuss securities-based financing options with your Financial Advisor.

The Loan Management Account is offered by Merrill Lynch Bank USA. Equal Opportunity Lender. Member, Federal Deposit Insurance Corporation (FDIC). All LMA® Accounts require a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and will be required to be opened with sufficient eligible collateral to support an available line of credit of $100,000.

1 http://www.irs.gov/pub/irs-soi/table_6_2006_dp.xls.

2 Equity Access funds may not be used to purchase, carry, or trade securities or repay debt incurred to purchase, carry, or trade securities.

Programs, options and property types are not available in all states and jurisdictions and are subject to change without notice. Loans are offered on properties in all 50 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. Additional terms, conditions, restrictions, and costs may apply. Merrill Lynch, its affiliated entities, and their employees may receive compensation for its products and services. All residential mortgage programs except the reverse mortgage program, are offered and funded by Merrill Lynch Credit Corporation ("MLCC"), 4804 Deer Lake Drive East, Jacksonville, FL 32246-6484; toll-free telephone: 800-854-7154. Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY 10080, toll-free telephone: 800-338-2814, Member, Securities Investor Protection Corporation (SIPC), does not make commitments for or fund loans. AZ License MB6054; GA Residential Mortgage Licensee; MA Mortgage Broker License MB0825; MA Small Loan Lender License SL0735 (we arrange but do not make loans); Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Registered Loan Solicitor – NYS Banking Department; RI Licensed Loan Broker. Merrill Lynch, Pierce, Fenner & Smith Incorporated, 255 Ponce de Leon Ave., Ground Floor, San Juan, Puerto Rico authorized as a financial intermediary under License No. IF-2007-393.

3 Merrill Lynch does not provide advice on tax issues. Interest expense may not be deductible for all taxpayers. Please consult your tax advisor.

Total Merrill Cash Back Visa Credit Card Program and the MERRILL+® Visa® Credit Card Program are issued and administered by FIA Card Services, N.A. Visa Signature Rewards and Visa Business Signature Rewards cards are issued by Merrill Lynch Bank USA.

Business Signature Rewards, MERRILL+, Signature Rewards, Equity Access, Loan Management Account, Cash Management Account, CMA, Working Capital Management Account and WCMA are all registered service marks of Merrill Lynch & Co., Inc.

Visa is a registered trademark of Visa International Services Association and is used by FIA Card Services and Merrill Lynch pursuant to license from Visa U.S.A., Inc.