Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PZ-80, relating to Illinois Finance Authority retirement housing revenue bonds (Regency Park at Lincolnwood Project) series B, are rated 'AAA/A-1'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a liquidity facility from Merrill Lynch Capital Services ('N.R.') and a liquidity guarantee from Merrill Lynch&Co. Inc. ('A-1'). The expiration date of the liquidity facility is Sept. 15, 2006.