goldman sachs financial services conference may 13 2003 james p gorman president global private client merrill lynch & co inc discipline and growth 1 statements made herein contain forward looking information about management s expectations strategic objectives business prospects anticipated expense savings results of litigation regulatory proceedings other similar matters a variety factors many which are beyond our control affect the operations performance strategy could cause actual experiences to differ materially from expressed in any these include but not limited described company reports filed with sec available on investor relations website at www ir ml com gov investors cautioned place undue reliance speak only as date they does undertake update such reflect impact circumstances or events that arise after were should however consult further disclosures