ML California Municipal Series Trust
Series Number:  1
File Number:  811-4264
CIK Number:  765199
Merrill Lynch California Insured Municipal Bond Fund
For the Period Ending:  08/31/2002
Pursuant to Exemptive Order No. IC-15520 the following schedule enumerates the transactions with Merrill Lynch, Pierce, Fenner & Smith Incorporated, for the year ended August 31, 2002.
Purchases (In Thousands)
Transaction	Face	Security		Due
Date	Amount	Description	Rate	Date
08/29/2002	$9,600	CAL HSG	1.58%	02/01/2033