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To: Bob Kim who wrote (76553)9/5/1999 1:00:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
BTW, how do you get your daily wires? Are you referring to morning call notes and intra-day calls?

I call my broker for morning and intraday call notes and vice versa.

If you've got $900K in the account at ML, you've got to be paying more than $1500/yr. Right now, online trading is one
way. You can only buy OR sell a specific stock on the same day. To unwind, you have to call your broker.


I do pay only $1500/year in quarterly amounts of $375. You are correct about online being one way for the same day trade if one takes the position that day. One may buy online that day but has to call the broker to sell. However, one may sell that day and buy back without calling the broker. All option trades have to be done through the broker.

Glenn



To: Bob Kim who wrote (76553)9/5/1999 1:07:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Bob,

I see that the yearly fee is based on the amount of assets. I started this account with most of my assets at DLJ and have been moving funds to Merrill. It appears my fee will increase but not until the next year I believe. See the following:

I have a chart of the fee somewhere around here but not sure where.

Merrill Lynch Unlimited AdvantageSM

One Fee = Total Access

A simple annual fee based on the eligible assets you have with us - which means when you
succeed, we succeed.

Offers:

Unlimited trades for most investors in most securities

The advice and guidance of your Financial Consultant

A Financial Foundation© Report, with periodic updates

CMA© Cash Management Account© service

CMA© Visa© Signature card and Rewards program

Access to Merrill Lynch OnLineSM and Merrill Lynch research

Reduced origination fee on eligible home financing

eCommerce Hubs

For more information about this relationship-based, nondiscretionary
brokerage service, including fees, restrictions and other requirements, you
can order a brochure online, ask your Financial Consultant and see the Client
Agreement.

This service is not designed for day trading or other extreme trading activity, including excessive
options trading. Mutual fund transactions are subject to account and prospectus limitations.

Additional fees and expenses may apply, such as purchases of underwritten offerings. Certain
services may not be applicable to all accounts. Merrill Lynch Research reports and Financial
Consultant advice are also included as part of the brokerage services available to
commission-based clients.

¸ 1999 Merrill Lynch, Pierce, Fenner & Smith Incorporated. Printed in the U.S.A. Member,
Securities Investor Protection Corporation (SIPC).