Bank of America, Floating Rate Non-Cumulative Preferred Stock Series 2 (3% Min.)

Originally issued by Merrill Lynch

Coupon will float at a rate of 3 month Libor plus a spread of .65% with an overriding minimum of 3%

Ticker: BML-H

Parent Ticker: BAC

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/09/2005

1st Call Date: 11/28/2009

Maturity Date: None

Shares Issued: 40,800,000

Overallotment Shares: 6,120,000

Coupon: 3.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.185

Ex-Dividend Months: FEB, MAY, AUG, NOV

Approx. Ex-Dividend Day: 14

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 28

S&P Rating: BBB-

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR