RNS Number:8608T
Merrill Lynch Asset Allocator PLC
05 January 2004

Merrill Lynch Asset Allocator plc
As at 31 December 2003
Top 10 holdings:                                                               %


SNAP FAUCHIER ALLOCATOR FUND 2 PERFORMANCE LINKED NOTES                    14.15
ING FAUCHIER ALLOCATOR FUND 1 PERFORMANCE LINKED NOTES                     14.03
MERRILL LYNCH FUND MGRS UK INCOME FUND                                      4.79
UK TREASURY 7.5% 07/12/06                                                   4.00
UK TREASURY 7.25% 07/12/07                                                  1.80
MILLEA HOLDINGS                                                             1.66
AON CORPORATION                                                             1.58
NIPPON BROADCASTING SYSTEM                                                  1.58
NIPPONKOA INSURANCE                                                         1.57
NIPPON TELEGRAPH & TELEPHONE CORPORATION                                    1.57



Other holdings over 5%:

n/a


Holdings in restricted UK listed investment companies:

n/a



5 January 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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