About This Stock Bond Louis Engel

What everybody ought to know . . . . . About This Stock And Bond Business

Some plain talk about a simple business that often sounds complicated.

WHY WE ARE PUBLISHING THIS INFORMATION A little while ago we were talking with a man who has been in the investment business for many years. He said, "I have often thought that if people really understood the stock and bond business, they would be much more willing to invest their money in securities. But most people don't understand it. They think it's complicated and mysterious. They don't realize that it's really very simple." That remark started us thinking. We decided to publish this advertisement to explain the stock and bond business in simple terms. We hope it will help you understand how this business works and why it offers you an opportunity to make your money grow. We have tried to avoid technical terms and to use plain language. We hope you will find it interesting and helpful. MERRILL LYNCH, PIERCE, FENNER & BEANE

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