The Merrill Lynch Puttable FLOATs/RITES Trust Series PA-1026R, relating to Lee Memorial Health System Board of Directors, hospital revenue refunding bonds (Lee Memorial Health System) series 2002 A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the underlying bond. The underlying bonds are insured by FSA. The short-term component of the rating is based on a liquidity guarantee provided by Merrill Lynch&Co. Inc. until April 15, 2003. The Merrill Lynch&Co. Inc. residual interest tax-exempt securities receipts series PA-1026R, relating to Lee Memorial Health System Board of Directors hospital revenue refunding bonds (Lee Memorial Health System) series 2000 A, are rated 'AAA'. The underlying bonds are insured by FSA. The long-term component of
