CMA
CMA Government
Securities Fund
Annual Report
March 31, 1995
MERRILL LYNCH BULL LOGO
This report is not authorized for use as an offer of sale or a
solicitation of an offer to buy shares of the Fund unless
accompanied or preceded by the Fund's current prospectus. Past
performance results shown in this report should not be considered a
representation of future performance, which will fluctuate. The Fund
seeks to maintain a consistent $1.00 net asset value per share,
although this cannot be assured. An investment in the Fund is
neither insured nor guaranteed by the US Government.
CMA Government Securities Fund
Box 9011
Princeton, NJ 08543-9011
<PAGE>
DEAR SHAREHOLDER:
For the year ended March 31, 1995, CMA Government Securities Fund
paid shareholders a net annualized dividend of 4.30%*. As of March
31, 1995, the Fund's 7-day yield was 5.46% (excluding gains and
losses) and 5.46% (including gains and losses).
The Environment
During the six months ended March 31, 1995, the perception that the
US economy was overheating and inflationary pressures were
increasing gave way to a more benign economic outlook. With more
signs of slowing growth, investors now appear to be forecasting a
"soft landing" for the US economy. Although gross domestic product
(GDP) was reported to have increased at a revised 5.1% rate during
the final quarter of 1994, declines in other indicators such as new
home sales and durable goods orders registered thus far in 1995 have
led inves-tors to anticipate that the economy is losing enough
momentum to keep inflation under control and preclude further
significant monetary policy tightening by the Federal Reserve Board.
However, as US stock and bond markets have risen on more positive
economic news, the value of the US dollar reached new lows relative
to the yen and the Deutschemark. Persistent trade deficits and
exports of capital from the United States have kept the US currency
in a decade-long decline relative to the Japanese and German
currencies. Over the longer term, since the United States has the
highest productivity among industrialized nations and among the
lowest labor costs, demand for US dollar-denominated assets may
improve. However, a reduction of the still-widening US trade deficit
may be necessary before the US dollar appreciates substantially
relative to the yen and the Deutschemark.
[FN]
*Based on a constant investment throughout the period, with
dividends compounded daily, and reflecting a net return to the
investor after all expenses.
The first months of 1995 have been very positive for the stock and
bond markets. Continued signs of a moderating expansion and well-
contained inflationary pressures would provide further assurance
that the peak in interest rates is behind us. On the other hand,
indications of reaccelerating growth and further significant
monetary policy tightening by the Federal Reserve Board would be a
decided negative for the US financial markets.
<PAGE>
Portfolio Matters
During the six-month period ended March 31, 1995, CMA Government
Securities Fund adopted a slightly more constructive approach to the
market. Early in October, we reduced the Fund's repurchase agreement
holdings to 50% of net assets by increasing its US Treasury position
in the 90-day sector and 180-day sector, in response to the spread
relationship between repurchase agreements and Treasury securities.
By October month-end, the market was surprised by a 0.5% decline in
the producer price index and a modest 0.2% increase in the consumer
price index. As a result, our incremental market exposure included
purchases in the three-month--five-month sector. In contrast, in
November there were no signs of a let up in the economy's growth.
Indeed, reports of strong employment, the purchasing managers'
survey, motor vehicles sales, and home sales pointed to an
acceleration of growth going into the fourth quarter. Accordingly,
we limited the Fund's investments to 90-day Treasury bills and 120-
day Treasury bills, which represented relative value over Treasury
coupons of similar maturity. By mid-November, the Federal Reserve
Board raised two important interest rates. It raised the key
discount rate to 4.75% and pushed up the target for the interest
rate that banks charge each other for overnight loans to 5.50% from
4.75%.
During the month of December, we adopted a somewhat defensive
posture by purchasing 90-day Treasury coupons as they represented
relative value versus Treasury bills. This was done in response to
concerns the Federal Reserve Board might have to raise interest
rates at the Federal Open Market Committee (FOMC) meeting on
December 20, 1994. While the December meeting produced no change in
monetary policy, the Fund increased its repurchase agreement
position to 44% to accommodate investor redemptions at year-end. In
early January, we maintained the Fund's average maturity in the mid
50-day range.
Strong technicals and a steepening yield curve made the three-month
and six-month areas attractive versus a low financing rate.
Accordingly, we increased the Fund's Treasury position to 58% while
reducing its repurchase agreement position to 42%. As we approached
the February 1, 1995 FOMC meeting, we purchased one-year Treasury
bills which compared attractively to two-year Treasury notes and six-
month Treasury bills. During the month of February, a small gain of
134,000 non-farm payrolls (for January), compared to a monthly
average of 290,000 in 1994, spurred strong rallies in both fixed-
income and equity instruments despite the central bank's tightening
on February 1, 1995. In early March it became apparent that the
Federal Reserve Board's next move would be to delay additional
increases in interest rates for a time. As a result, we extended our
average maturity to the high 50-day area as quarter-end pressures
resulted in a steeping of the yield curve. Accordingly, the main
focus of our investments was in the 12-month--14-month sector to
enhance the Fund's overall return. Looking ahead, we are prepared to
identify inefficiencies in the market for buying opportunities as
the central bank's tightening schedule does not appear aggressive.
<PAGE>
In Conclusion
We thank you for your interest in CMA Government Securities Fund,
and we look forward to assisting you with your financial needs in
the months and years ahead.
Sincerely,
(Arthur Zeikel)
Arthur Zeikel
President
(Donaldo S. Benito)
Donaldo S. Benito
Vice President and Portfolio Manager
April 28, 1995
<TABLE>
CMA GOVERNMENT SECURITIES FUND
SCHEDULE OF INVESTMENTS AS OF MARCH 31, 1995 (IN THOUSANDS)
<CAPTION>
Face Interest Maturity Value
Issue Amount Rate Date (Note 1a)
<S> <C> <C> <C> <C>
US Government Obligations*--51.4%
US Treasury $ 35,000 5.90 % 4/20/95 $ 34,902
Bills 50,000 5.395 4/27/95 49,789
20,000 5.47 4/27/95 19,916
50,000 5.49 5/04/95 49,730
65,000 5.54 5/04/95 64,649
125,000 5.66 5/04/95 124,325
50,000 5.83 5/04/95 49,730
95,000 5.68 5/11/95 94,385
25,000 6.16 7/27/95 24,526
35,000 6.17 7/27/95 34,337
90,000 6.09 8/10/95 88,069
50,000 6.10 8/10/95 48,927
15,000 6.12 8/17/95 14,661
30,000 5.21 8/24/95 29,288
15,000 5.29 8/24/95 14,644
50,000 5.855 8/31/95 48,750
15,000 5.86 8/31/95 14,625
20,000 5.38 9/21/95 19,430
50,000 5.83 10/05/95 48,501
15,000 5.723 10/19/95 14,499
15,000 5.82 10/19/95 14,499
15,000 6.11 4/04/96 14,073
<PAGE>
US Treasury 135,000 3.875 4/30/95 134,736
Notes 235,000 5.875 5/15/95 234,946
5,000 8.50 5/15/95 5,014
40,000 4.125 5/31/95 39,875
65,000 4.25 7/31/95 64,624
105,000 3.875 l0/31/95 103,573
25,000 4.25 11/30/95 24,668
55,000 7.875 2/15/96 55,619
32,000 5.50 4/30/96 31,640
Total US Government Obligations
(Cost--$1,611,017) 1,610,950
<CAPTION>
Face Value
Amount Issue (Notes 1a & 1e)
<C> <S> <C>
Repurchase Agreements**--50.3%
$135,000 Bear Stearns & Co., Inc., purchased
on 3/31/95 to yield 6.23% to 4/03/95 135,000
130,000 CS First Boston Corp., purchased on
3/31/95 to yield 6.30% to 4/03/95 130,000
</TABLE>
<TABLE>
CMA GOVERNMENT SECURITIES FUND
SCHEDULE OF INVESTMENTS AS OF MARCH 31, 1995 (IN THOUSANDS)
<CAPTION>
Face Value
Amount Issue (Notes 1a & 1e)
<C> <S> <C>
Repurchase Agreements**(concluded)
$120,000 Chase Securities Inc., purchased
on 3/31/95 to yield 6.15% to 4/03/95 $ 120,000
130,000 Chemical Securities, Inc., purchased
on 3/31/95 to yield 6.23% to 4/03/95 130,000
100,000 Citicorp Securities Inc., purchased on
3/31/95 to yield 6.20% to 4/03/95 100,000
130,000 Daiwa Securities America, Inc.,
purchased on 3/31/95 to yield
6.25% to 4/03/95 130,000
<PAGE>
135,000 Fuji Securities Inc., purchased on
3/31/95 to yield 6.25% to 4/03/95 135,000
35,000 HSBC Securities Inc., purchased on
3/31/95 to yield 6.30% to 4/03/95 35,000
141,417 Lehman Government Securities, Inc.,
purchased on 3/31/95 to yield 6.23%
to 4/03/95 141,417
125,000 Nikko Securities International, Inc.,
purchased on 3/31/95 to yield 6.15%
to 4/03/95 125,000
135,000 Nomura Securities International, Inc.,
purchased on 3/31/95 to yield 6.25%
to 4/03/95 135,000
128,000 SBC Capital Market Inc., purchased
on 3/31/95 to yield 6.23% to 4/03/95 128,000
130,000 Smith Barney Inc., purchased on
3/31/95 to yield 6.25% to 4/03/95 130,000
Total Repurchase Agreements
(Cost--$1,574,417) 1,574,417
Total Investments
(Cost--$3,185,434)--101.7% 3,185,367
Liabilities in Excess of Other Assets--(1.7%) (52,564)
----------
Net Assets--100.0% $3,132,803
==========
<FN>
*US Treasury Bills are traded on a discount basis; the interest
rates shown are the discount rates paid at the time of purchase by
the Fund. US Treasury Notes bear interest at the rates shown,
payable at fixed dates or upon maturity.
**Repurchase Agreements are fully collateralized by US Government
Obligations.
See Notes to Financial Statements.
</TABLE>
<PAGE>
<TABLE>
CMA GOVERNMENT SECURITIES FUND
STATEMENT OF ASSETS AND LIABILITIES AS OF MARCH 31, 1995
<S> <C> <C>
Assets:
Investments, at value (identified cost--$3,185,433,937++) (Note 1a & 1e) $ 3,185,367,418
Cash 114
Receivables:
Securities sold $ 35,519,546
Interest 11,820,993 47,340,539
---------------
Prepaid registration fees and other assets (Note 1d) 155,107
---------------
Total assets 3,232,863,178
---------------
Liabilities:
Payables:
Securities purchased 97,502,108
Investment adviser (Note 2) 1,068,696
Distributor (Note 2) 1,034,223 99,605,027
---------------
Accrued expenses and other liabilities 455,099
---------------
Total liabilities 100,060,126
---------------
Net Assets $ 3,132,803,052
===============
Net Assets Consist of:
Shares of beneficial interest, $.10 par value, unlimited number of shares
authorized $ 313,286,957
Paid-in capital in excess of par 2,819,582,614
Unrealized depreciation on investments--net (66,519)
---------------
Net Assets--Equivalent to $1.00 per share based on 3,132,869,571 shares of
beneficial interest outstanding $ 3,132,803,052
===============
<FN>
++Cost for Federal income tax purposes. As of March 31, 1995, net unrealized
depreciation for Federal income tax purposes amounted to $66,519, of which
$459,058 related to appreciated securities and $525,577 related to depreciated
securities.
See Notes to Financial Statements.
</TABLE>
<PAGE>
<TABLE>
CMA GOVERNMENT SECURITIES FUND
STATEMENT OF OPERATIONS FOR THE YEAR ENDED MARCH 31, 1995
<S> <C> <C>
Investment Income (Note 1c):
Interest and amortization of premium and discount earned $ 153,123,533
Expenses:
Investment advisory fees (Note 2) $ 12,979,282
Distribution fees (Note 2) 4,013,060
Transfer agent fees (Note 2) 660,663
Custodian fees 310,401
Registration fees (Note 1d) 278,964
Accounting services (Note 2) 193,217
Professional fees 90,230
Printing and shareholder reports 75,355
Trustees' fees and expenses 25,068
Other 51,480
---------------
Total expenses 18,677,720
---------------
Investment income--net 134,445,813
Realized Gain on Investments--Net (Note 1c) 607,823
Change in Unrealized Depreciation on Investments--Net 1,913,030
---------------
Net Increase in Net Assets Resulting from Operations $ 136,966,666
===============
See Notes to Financial Statements.
</TABLE>
<PAGE>
<TABLE>
CMA GOVERNMENT SECURITIES FUND
STATEMENTS OF CHANGES IN NET ASSETS
<CAPTION>
For the Year Ended March 31,
Increase (Decrease) in Net Assets: 1995 1994
<S> <C> <C>
Operations:
Investment income--net $ 134,445,813 $ 100,362,237
Realized gain on investments--net 607,823 1,638,506
Change in unrealized appreciation/depreciation on investments--net 1,913,030 (6,268,035)
--------------- ---------------
Net increase in net assets resulting from operations 136,966,666 95,732,708
--------------- ---------------
Dividends & Distributions to Shareholders (Note 1f):
Investment income--net (134,445,813) (100,362,237)
Realized gain on investments--net (607,823) (1,638,506)
--------------- ---------------
Net decrease in net assets resulting from dividends and distributions
to shareholders (135,053,636) (102,000,743)
--------------- ---------------
Beneficial Interest Transactions (Note 3):
Net proceeds from sale of shares 12,035,321,698 13,417,186,906
Net asset value of shares issued to shareholders in reinvestment of
dividends and distributions (Note 1f) 134,913,910 101,906,587
--------------- ---------------
12,170,235,608 13,519,093,493
Cost of shares redeemed (12,602,941,002) (13,807,246,615)
--------------- ---------------
Net decrease in net assets derived from beneficial interest transactions (432,705,394) (288,153,122)
--------------- ---------------
Net Assets:
Total decrease in net assets (430,792,364) (294,421,157)
Beginning of year 3,563,595,416 3,858,016,573
--------------- ---------------
End of year $ 3,132,803,052 $ 3,563,595,416
=============== ===============
See Notes to Financial Statements.
</TABLE>
<PAGE>
<TABLE>
CMA GOVERNMENT SECURITIES FUND
FINANCIAL HIGHLIGHTS
<CAPTION>
The following per share data and ratios have been derived
from information provided in the financial statements.
For the Year Ended March 31,
Increase (Decrease) in Net Asset Value: 1995 1994 1993 1992 1991
<S> <C> <C> <C> <C> <C>
Per Share Operating Performance:
Net asset value, beginning of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
---------- ---------- ---------- ---------- ----------
Investment income--net .0419 .0271 .0294 .0473 .0704
Realized and unrealized gain (loss) on
investments--net .0008 (.0013) .0038 .0034 .0014
---------- ---------- ---------- ---------- ----------
Total from investment operations .0427 .0258 .0332 .0507 .0718
---------- ---------- ---------- ---------- ----------
Less dividends and distributions:
Investment income--net (.0419) (.0271) (.0294) (.0473) (.0704)
Realized gain on investments--net (.0002) (.0004) (.0026) (.0036) (.0014)*
---------- ---------- ---------- ---------- ----------
Total dividends and distributions (.0421) (.0275) (.0320) (.0509) (.0718)
---------- ---------- ---------- ---------- ----------
Net asset value, end of year $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
========== ========== ========== ========== ==========
Total Investment Return 4.30% 2.79% 3.25% 5.17% 7.46%
========== ========== ========== ========== ==========
Ratios to Average Net Assets:
Expenses, excluding distribution fees .45% .43% .43% .43% .43%
========== ========== ========== ========== ==========
Expenses .58% .56% .55% .56% .56%
========== ========== ========== ========== ==========
Investment income and realized gain on
investments--net 4.18% 2.75% 3.20% 5.05% 7.11%*
========== ========== ========== ========== ==========
Supplemental Data:
Net assets, end of year (in thousands) $3,132,803 $3,563,595 $3,858,017 $4,452,247 $5,228,619
========== ========== ========== ========== ==========
<FN>
*Includes unrealized gain (losses).
See Notes to Financial Statements.
</TABLE>
<PAGE>
CMA GOVERNMENT SECURITIES FUND
NOTES TO FINANCIAL STATEMENTS
1. Significant Accounting Policies:
CMA Government Securities Fund (the "Fund") is registered under the
Investment Company Act of 1940 as a no load, diversified, open-end
investment company. The following is a summary of significant
accounting policies followed by the Fund.
(a) Valuation of investments--Investments maturing more than sixty
days after the valuation date are valued at the most recent bid
price or yield equivalent as obtained from dealers that make markets
in such securities. When securities are valued with sixty days or
less to maturity, the difference between the valuation existing on
the sixty-first day before maturity and maturity value is amortized
on a straight-line basis to maturity. Investments maturing within
sixty days from their date of acquisition are valued at amortized
cost, which approximates market value. Assets for which market
quotations are not readily available are valued at fair value as
determined in good faith by or under the direction of the Board of
Trustees of the Fund.
(b) Income taxes--It is the Fund's policy to comply with the
requirements of the Internal Revenue Code applicable to regulated
investment companies and to distribute substantially all of its
taxable income to its shareholders. Therefore, no Federal income tax
provision is required.
(c) Security transactions and investment income--Security
transactions are recorded on the dates the transactions are entered
into (the trade dates). Interest income (including amortization of
premium and discount) is recognized on the accrual basis. Realized
gains and losses on security transactions are determined on the
identified cost basis.
(d) Prepaid registration fees--Prepaid registration fees are charged
to expense as the related shares are issued.
(e) Repurchase agreements--The Fund invests in US Government
securities pursuant to repurchase agreements with a member bank of
the Federal Reserve System or a primary dealer in US Government
securities. Under such agreements, the bank or primary dealer agrees
to repurchase the security at a mutually agreed upon time and price.
The Fund takes possession of the underlying securities, marks to
market such securities daily and, if necessary, receives additional
securities to ensure that the contract is adequately collateralized.
<PAGE>
(f) Dividends and distributions to shareholders--The Fund declares
dividends daily and reinvests daily such dividends (net of non-
resident alien tax withheld) in additional fund shares at net asset
value. Dividends and distributions are declared from the total of
net investment income and net realized gain or loss on investments.
2. Investment Advisory Agreement and
Transactions with Affiliates:
The Fund has entered into an Investment Advisory Agreement with Fund
Asset Management, L.P. ("FAM" or "Adviser"). The general partner of
FAM is Princeton Services, Inc. ("PSI"), an indirect wholly-owned
subsidiary of Merrill Lynch & Co., Inc. ("ML & Co."), which is the
limited partner.
CMA GOVERNMENT SECURITIES FUND
NOTES TO FINANCIAL STATEMENTS (CONCLUDED)
FAM is responsible for the management of the Fund's portfolio and
provides the necessary personnel, facilities, equipment and certain
other services necessary to the operations of the Fund. For such
services, the Fund pays a monthly fee based upon the average daily
value of the Fund's net assets, at the following annual rates: 0.50%
of the Fund's average daily net assets not exceeding $500 million;
0.425% of the average daily net assets in excess of $500 million but
not exceeding $1 billion; and 0.375% of the average daily net assets
in excess of $1 billion. The most restrictive annual expense
limitation requires that the Adviser reimburse the Fund to the
extent the Fund's expenses (excluding interest, taxes, distribution
fees, brokerage fees and commissions, and extraordinary items)
exceed 2.5% of the Fund's first $30 million of average daily net
assets, 2.0% of the Fund's next $70 million of average daily net
assets, and 1.5% of the average daily net assets in excess thereof.
No fee payment will be made to the Adviser during any year which
will cause such expenses to exceed the pro rata expense limitation
at the time of such payment.
The Fund has adopted a Distribution and Shareholder Servicing Plan
in compliance with Rule 12b-1 under the Investment Company Act of
1940, pursuant to which Merrill Lynch, Pierce, Fenner & Smith Inc.
("MLPF&S") receives a distribution fee from the Fund at the end of
each month at the annual rate of 0.125% of average daily net assets
of the Fund for shareholders who maintain their accounts through
MLPF&S. The distribution fee is to compensate MLPF&S financial
consultants and other directly involved branch office personnel for
selling shares of the Fund and for providing direct personal
services to shareholders. The distribution fee is not compensation
for the administrative and operational services rendered to the Fund
by MLPF&S in processing share orders and administering shareholder
accounts.
<PAGE>
Financial Data Services, Inc. ("FDS"), a wholly-owned subsidiary of
ML & Co., is the Fund's transfer agent.
Accounting services are provided to the Fund by FAM at cost.
Certain officers and/or trustees of the Fund are officers and/or
directors of FAM, PSI, MLPF&S, FDS, and/or ML & Co.
3. Transactions in Shares of Beneficial Interest:
The number of shares purchased and redeemed during the periods
corresponds to the amounts included in the Statements of Changes in
Net Assets for net proceeds from sale of shares and cost of shares
redeemed, respectively, since shares are recorded at $1.00 per
share.
<AUDIT-REPORT>
CMA GOVERNMENT SECURITIES FUND
INDEPENDENT AUDITORS' REPORT
The Board of Trustees and Shareholders,
CMA Government Securities Fund:
We have audited the accompanying statement of assets and
liabilities, including the schedule of investments, of CMA
Government Securities Fund as of March 31, 1995, the related
statements of operations for the year then ended and changes in net
assets for each of the years in the two-year period then ended, and
the financial highlights for each of the years in the five-year
period then ended. These financial statements and the financial
highlights are the responsibility of the Fund's management. Our
responsibility is to express an opinion on these financial
statements and the financial highlights based on our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial
statements and the financial highlights are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements.
Our procedures included confirmation of securities owned at March
31, 1995 by correspondence with the custodian and brokers. An audit
also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, such financial statements and financial highlights
present fairly, in all material respects, the financial position of
CMA Government Securities Fund as of March 31, 1995, the results of
its operations, the changes in its net assets, and the financial
highlights for the respective stated periods in conformity with
generally accepted accounting principles.
Deloitte & Touche LLP
Princeton, New Jersey
April 28, 1995
</AUDIT-REPORT>
<PAGE>
CMA GOVERNMENT SECURITIES FUND
IMPORTANT TAX INFORMATION (UNAUDITED)
None of the ordinary income distributions paid daily by the CMA
Government Securities Fund during the fiscal year ended March 31,
1995 qualify for the dividends-received deduction for corporations.
Additionally, on June 6, 1994, the Fund distributed long-term
capital gains of $.000150 per share.
The law varies in each state as to whether and what percentage of
dividend income attributable to Federal Obligations is exempt from
state income tax. We recommend that you consult your tax adviser to
determine if any portion of the dividends you received is exempt
from state income tax.
Listed below are the percentages of total assets of the Fund
invested in Federal Obligations as of the end of each quarter of the
fiscal year:
For the Quarter Ended Federal Obligations*
June 30, 1994 35.60%
September 30, 1994 41.12%
December 31, 1994 41.35%
March 31, 1995 49.83%
Of the Fund's dividends declared daily to shareholders from ordinary
income during the fiscal year ended March 31, 1995, 44.33% was
attributable to Federal Obligations. In calculating the foregoing
percentage, Fund expenses have been allocated on a pro rata basis.
Please retain this information for your records.
[FN]
*For purposes of this calculation, Federal Obligations include US
Treasury Notes, US Treasury Bills and US Treasury Bonds. Also
included are obligations issued by the following agencies: Banks for
Cooperatives, Federal Intermediate Credit Banks, Federal Land Banks,
Federal Home Loan Banks, and the Student Loan Marketing Association.
Repurchase Agreements are not included in this calculation.
<PAGE>
CMA GOVERNMENT SECURITIES FUND
Officers and Trustees
Arthur Zeikel--President and Trustee
Ronald W. Forbes--Trustee
Cynthia A. Montgomery--Trustee
Charles C. Reilly--Trustee
Kevin A. Ryan--Trustee
Richard R. West--Trustee
Terry K. Glenn--Executive Vice President
Joseph T. Monagle, Jr.--Senior Vice President
Donaldo S. Benito--Vice President
Donald C. Burke--Vice President
Kevin J. McKenna--Vice President
Gerald M. Richard--Treasurer
Robert Harris--Secretary
Custodian
State Street Bank and Trust Company
P.O. Box 1713
Boston, Massachusetts 02101
Transfer Agent
Financial Data Services, Inc.
4800 Deer Lake Drive East
Jacksonville, Florida 32246-6484
(800) 221-7210*
[FN]
*For inquiries regarding your CMA account,
call (800) CMA-INFO [(800) 262-4636].
