Fleet Financial Group and BankBoston Corp. will pay $70 million in fees to the four investment banks advising on their $15 billion merger, according to a filing with securities regulators Thursday.

BankBoston's advisers, Merrill Lynch & Co. and Morgan Stanley Dean Witter & Co., will each get $20 million, and Fleet's advisers, Donaldson, Lufkin & Jenrette and Goldman Sachs Group, will each get $15 million.

In the $24 billion deal that formed Chicago-based Bank One Corp., the former Banc One Corp. and First Chicago NBD Corp. paid their advisers $50 million.

The payments are to be made when the deal closes.

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