W I T N E S S E T H: ----------------------------Investment Advisory Agreement • December 23rd, 1997 • Muniholdings California Fund Inc/ • New York
Shares ------Purchase Agreement • December 23rd, 1997 • Muniholdings California Fund Inc/ • Maryland
Revised October 29, 1990 [LOGO] MERRILL LYNCH & CO. MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED MERRILL LYNCH WORLD HEADQUARTERS NORTH TOWER WORLD FINANCIAL CENTER NEW YORK, N.Y. 10281-1305 STANDARD DEALER AGREEMENT -------------------------...Standard Dealer Agreement • December 23rd, 1997 • Muniholdings California Fund Inc/ • New York
