Business: Merrill Lynch & Co. Inc., Accelerated Return Notes linked to the Russell 2000 Index, due 8/6/2008, and issued at $10 per unit. The notes will receive no payments before maturity, are not redeemable prior to maturity, and make no guarantee of the return of principal at maturity. At maturity the holder will receive a payment based on the percentage change in the Russell 2000 Index, starting value 843.35 as of 5/30/2007. If the Index has increased, the maturity payment will be based on triple the percentage increase in the Russell 2000 Index, not to exceed a maximum total payment of $11.755 per note. If the index has decreased, the holder will receive a payment based on the full percentage of decrease. As a result, the maturity payment may be less, and possibly significantly less, than the $10 offering price. See page PS-4 of the IPO prospectus for details on the calculation of the maturity payment and page PS-5 for hypothetical examples of the maturity payment. These accelerated return notes are medium-term, Series C notes that are senior unsecured debt securities issued by Merrill Lynch & Co. Inc. and rank equally with all of their other unsecured and unsubordinated debt. See the IPO prospectus for further information on the Accelerated Return Notes by clicking on the ‘Link to IPO Prospectus’ provided below.