On January 28, 2009, pursuant to the terms of the Agreement and Plan of Merger, dated as of September 15, 2008, as amended by Amendment No. 1, dated October 21, 2008, between Bank of America Corporation (the "Corporation") and Merrill Lynch & Co., Inc., the Corporation expanded its board of directors (the "Board") to nineteen directors. The Corporation appointed each of Charles O. Rossotti, Virgis W. Colbert, and Admiral Joseph Prueher (the "New Directors") to the Board, effective January 28, 2009.

Mr. Colbert is expected to serve on the Asset Quality Committee of the Board. Admiral Prueher is expected to serve on the Audit Committee of the Board. Mr. Rossotti is expected to serve on the Corporate Governance and Compensation and Benefits Committees of the Board.

The New Directors will receive compensation as non-employee directors in accordance with the Corporation's non-employee director compensation practices described in the Corporation's Annual Proxy Statement filed with the Securities and Exchange Commission on March 19, 2008. The initial cash and stock award to be received by the New Directors will be pro rated for the 91 days from their appointment to the Corporation's next annual meeting of stockholders.

A copy of the news release announcing the appointment of the New Directors is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits.

The following exhibit is filed herewith:

EXHIBIT NO.   DESCRIPTION OF EXHIBIT
99.1          News Release dated January 28, 2009 Announcing the Appointment of the
              New Directors