Merrill Lynch renews its Corporate Sponsorship of the Women's International Leadership Program at International House

NEW YORK, Jul 22, 2008 (BUSINESS WIRE) -- Please replace the release with the following corrected version
due to multiple revisions.

The corrected release reads:

INTERNATIONAL HOUSE AND MERRILL LYNCH CONTINUE TO PREPARE WOMEN
FOR LEADERSHIP POSITIONS

Merrill Lynch renews its Corporate Sponsorship of the Women's
International Leadership Program at International House

Merrill Lynch, one of the world's leading financial management and
advisory companies, has awarded a $50,000 grant to renew for the
fourth year its support of the Women's International Leadership (WIL)
Program at International House.

The WIL Program is a landmark leadership training program at I.
House, the 84-year-old residence and program center for international
graduate students and trainees. Eighteen women from 13 countries were
chosen to participate in the 2007-08 WIL Program. Since its inception
in 1990, more than 200 women from a variety of cultures and
disciplines have participated in the merit-based scholarship program.

Designed as a practical training program to enhance graduate
study, the WIL program features a series of seminars, skills-based
leadership training, networking receptions, public speaking workshops,
a mentor project, field experience in multicultural communities, and
conflict resolution and negotiating technique coaching. The program
culminates in Women's Week, a week of programming designed and
executed by the 18 selected grantees from diverse cultures and
disciplines. Merrill Lynch has sponsored the program since 2005.

The Merrill Lynch Foundation grant will cover a substantial
portion of WIL's operating budget, including all program-related
activities, publications, networking activities and allocated staff
salaries. In addition to financial support, Merrill Lynch employees
volunteer their time as mentors and role models and share their
expertise in the financial markets. Merrill Lynch has collaborated
with the House on programming for Women's Week and throughout the
year, from sessions for the entire I-House community on interview
skills and resume writing workshops to personal financial planning and
"Wall Street 101" seminars for the WIL grantees.

During the first three years of sponsorship, 10 Merrill employees
have served as mentors for WIL Grantees. Candace Browning, president
of Merrill Lynch Global Research is a member of the WIL Advisory
Council, providing leadership for the program. "Merrill Lynch is
delighted to continue its association with International House, which
for more than 80 years has provided a haven of learning for people of
diverse nationalities, cultures and beliefs," said Ms. Browning.
"Through this partnership, we have built relationships and financial
awareness with future women leaders who will have an impact in their
respective communities and professions while also exposing them to
careers and opportunities in business."

"International House is fortunate to have such a dedicated partner
in Merrill Lynch," said I. House President Don L. Cuneo. "We look
forward to continuing to work with Merrill Lynch to support and
celebrate many more generations of women at International House."

About International House

A vibrant community of more than 700 students and trainees who
represent over 100 countries each year, International House was
founded by John D. Rockefeller, Jr. and the Cleveland H. Dodge family
in 1924. Its mission is to provide its carefully selected residents
with a challenging and supportive residential community that promotes
mutual respect and friendship among individuals of all nations and
backgrounds.

An independent, non-profit organization, I. House achieves its
mission by supporting cross-cultural understanding and international
education and encouraging daily interaction between people of many
cultures. Residential life at International House is designed to
foster diversity of thought and experience, and to prepare its
residents to meet the challenges of an interdependent world.

To learn more about International House, please visit
http://www.ihouse-nyc.org

About Merrill Lynch's Philanthropy

Merrill Lynch was founded on the idea that the world is full of
opportunity. Opening the door to that opportunity for underserved
children and youth is the focus of the firm's global philanthropy. In
2007, Merrill Lynch giving totaled more than $43 million, with
education receiving nearly half of that support. Merrill Lynch's
flagship program Investing Pays Off(R)--or IPO(R)--helps create a
level playing field for youngsters of all backgrounds through
financial literacy and business savvy. The program strength lies in a
free curriculum, the involvement of Merrill Lynch volunteers and
online educational resources at http://volunteer.ml.com

SOURCE: Merrill Lynch

International House
Philip Greven, 212-316-8493
pgreven@ihouse-nyc.org
or
Merrill Lynch
Selena Morris, 212-449-7283
selena_morris@ml.com

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