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Komansky Hails Compromise On Financial Services Bill

    NEW YORK, Oct. 22 /PRNewswire/ -- Merrill Lynch (NYSE: MER) Chairman and
CEO David H. Komansky today issued the following statement:

        "The Administration and Members of Congress are to be commended for
    reaching a compromise that clears the way for enactment of historic
    legislation to modernize the regulation of financial services in the
    United States.
        "Consumers of financial services will benefit from the competition and
    innovation that this legislation encourages, and financial services
    companies will have the strategic flexibility to compete and win in the
    global marketplace.  We look forward to swift, final action by the
    Congress and President Clinton to enact this landmark reform."


SOURCE Merrill Lynch & Co., Inc.




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