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:  08/31/2005
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, 2005.
Purchases (In Thousands)
Transaction	Face	Security		Due
Date	Amount	Description	Rate	Date
11/15/2004	$5,000	CALIF HOUSING FIN AGY	1.49%	02/01/2032
11/16/2004	3,400	CALIF HOUSING FIN AGY	1.49	02/01/2031