RNS Number:9177T
Merrill Lynch Asset Allocator PLC
06 January 2004

1. A total of #248,184 FRNs were redeemed on 31 December 2003.

2. The total number of shares and FRNs in issue, post this exercise, are:

Growth shares: 131,359,436
Balanced shares: 22,935,630
FRNs: #20,082,763

3. Name of contact for queries:

Miss H Harvey
020 7743 5307

4. Name of company official responsible for this notification:

Miss H Harvey
for Merrill Lynch Investment Managers Group Services Limited Secretary

5. Date of notification:   6 January 2004


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