In the news release, Bank of America to Pay $713 Million in TARP Preferred Dividends, issued 02-Jul-2009 by Bank of America over PR Newswire, we are advised by the company that in the 13th and 14th paragraphs, the figure '$0.1916170' should read '$0.19167'. The complete, corrected release follows:

Bank of America to Pay $713 Million in TARP Preferred Dividends

CHARLOTTE, N.C., July 2 /PRNewswire/ -- Bank of America Corporation today said the Board of Directors has authorized approximately $713 million in dividend payments to the U.S. government under the Troubled Asset Relief Program (TARP).

(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )

Dividends related to the government's investment in the company under TARP include the following:

The cash dividend of $312.50 per share, or a total of approximately $188 million, on the Fixed Rate Cumulative Perpetual Preferred Stock, Series N, is payable on August 17, 2009 to the U.S. Department of the Treasury, the shareholder of record, as of July 31, 2009. This quarterly dividend payment relates to the government's $15 billion investment in Bank of America made under the Capital Purchase Program of TARP.

The cash dividend of $312.50 per share, or a total of approximately $125 million, on the Fixed Rate Cumulative Perpetual Preferred Stock, Series Q, is payable on August 17, 2009 to the shareholder of record, the Treasury Department, as of July 31, 2009. This quarterly dividend payment relates to the government's $10 billion investment in Merrill Lynch & Co., Inc. made under the Capital Purchase Program of TARP.

The cash dividend of $500 per share, or a total of approximately $400 million, on the Fixed Rate Cumulative Perpetual Preferred Stock, Series R, is payable on August 17, 2009 to the shareholder of record, the Treasury Department, as of July 31, 2009.