The case studies, including the people and situations presented, are hypothetical and do not reflect specific strategies we may have developed for actual clients. They are for illustrative purposes only and intended to demonstrate the capabilities of Merrill Lynch and/or Bank of America. They are not intended to serve as investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Results will vary, and no suggestion is made about how any specific solution or strategy performed in reality.

This material does not take into account your objectives, financial situation or needs and is not a recommendation of any particular strategy. You should carefully consider any strategy to determine whether it is appropriate for your situation and, if necessary, seek professional advice.