Merrill Lynch & Co. will become the fifth institution to participate in a pilot of electronic bill presentment with MSFDC, a joint venture of Microsoft Corp. and First Data Corp.

With the service, users of Merrill Lynch Online, who already pay their bills using the Internet, would also get bills, statements, and relatednotices electronically. Merrill Lynch joins KeyCorp, Norwest Corp., Banc One Corp., and Wells Fargo & Co. in piloting the service.

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