Dear Merrill Lynch Customer:

Are you paying too much for the wrong kind of credit?

You should be able to demand immediate, continuing access to large amounts of cash. Funds to use when you see fit, with total control of your credit line.

That's the remarkable concept behind Merrill Lynch's Equity Access^TM credit account for homeowners.

You control a personal credit line with immediate and continuing access to $10,000, $100,000, even $1,000,000 or more. It offers: Immediate access via special VISA card and checks

• A line of credit that can be used over and over.
• Interest charged only for the period funds are actually in use - from a few days to years.
• The ability to repay the account as you see fit from interest only, to lump sum with no prepayment penalties.
• A floating interest rate that protects you from high, fixed rate commitments.
• The flexibility to use funds whenever and wherever they are needed.

Once you qualify, there are no approvals, no delays. You have total control of the account and can use it to:

• Take advantage of business opportunities.
• Eliminate high, fixed rate credit obligations (such as an existing second mortgage).
• Ease or eliminate cash flow problems.
• Finance college expenses or make major purchases.

It costs nothing to investigate the Equity Access account and there can be significant savings vs traditional forms of credit.

Just fill out and mail the enclosed reply card to receive more information and an application. We believe you should have control of your own credit management.

Michael A Johnston