<PAGE>

                                                                   Exhibit 13.01







                                        The SECTOR STRATEGY FUND/SM/ V L.P.
                                        (A Delaware Limited Partnership)


                                        Financial Statements for the years ended
                                        December 31, 1999, 1998 and 1997
                                        and Independent Auditors' Report







[LOGO]
<PAGE>

THE SECTOR STRATEGY FUND/SM/ V L.P.
(A Delaware Limited Partnership)
 ------------------------------

TABLE OF CONTENTS
--------------------------------------------------------------------------------

                                                                     Page
                                                                     ----

INDEPENDENT AUDITORS' REPORT                                           1

FINANCIAL STATEMENTS FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998 AND 1997:

Statements of Financial Condition                                      2

Statements of Operations                                               3

Statements of Changes in Partners' Capital                             4

Notes to Financial Statements                                       5-11
<PAGE>

INDEPENDENT AUDITORS' REPORT
----------------------------



To the Partners of
 The SECTOR Strategy Fund/SM/ V L.P.:

We have audited the accompanying statements of financial condition of The SECTOR
Strategy Fund/SM/ V L.P. (the "Partnership") as of December 31, 1999 and 1998
and the related statements of operations and of changes in partners' capital for
each of the three years in the period ended December 31, 1999. These financial
statements are the responsibility of the Partnership's management. Our
responsibility is to express an opinion on these financial statements 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 are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  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 present fairly, in all material
respects, the financial position of The SECTOR Strategy Fund/SM/ V L.P. as of
December 31, 1999 and 1998, and the results of its operations and changes in
partners' capital for each of the three years in the period ended December 31,
1999 in conformity with generally accepted accounting principles.


DELOITTE & TOUCHE LLP


New York, New York
February 4, 2000
<PAGE>

THE SECTOR STRATEGY FUND/SM/ V L.P.
(A Delaware Limited Partnership)
 ------------------------------

STATEMENTS OF FINANCIAL CONDITION
DECEMBER 31, 1999 AND 1998
--------------------------------------------------------------------------------

   ASSETS                                               1999             1998
                                                    ------------      ----------

Investments (Note 6)                                 $7,807,992       $9,750,926
Receivable from investments (Note 6)                    277,999          135,471
                                                     ----------       ----------

                TOTAL                                $8,085,991       $9,886,397
                                                     ==========       ==========


   LIABILITIES AND PARTNERS' CAPITAL

   LIABILITIES:
    Redemptions payable                              $  277,999       $  135,471
                                                     ----------       ----------

            Total liabilities                           277,999          135,471
                                                     ----------       ----------

PARTNERS' CAPITAL:
    General Partner (1,176 Units and 876 Units)         155,891          117,488
    Limited Partners (57,722 Units and 71,822 Units)  7,652,101        9,633,438
                                                     ----------       ----------

            Total partners' capital                   7,807,992        9,750,926
                                                     ----------       ----------

                TOTAL                                $8,085,991       $9,886,397
                                                     ==========       ==========

NET ASSET VALUE PER UNIT

  (Based on 58,898 and 72,698 Units outstanding)     $   132.57       $   134.13
                                                     ==========       ==========

   See notes to financial statements.

                                      -2-
<PAGE>

THE SECTOR STRATEGY FUND/SM/ V L.P.
(A Delaware Limited Partnership)
 ------------------------------

STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                         1999         1998          1997
                                                      ---------    ---------    -----------
 REVENUES:

<S>                                                  <C>           <C>          <C>
    Trading profit (loss):
        Realized (Note 1)                             $    --      $ (70,297)   $   368,946
        Change in unrealized (Note 1)                      --        (17,058)       (39,093)
                                                      ---------    ---------    -----------

            Total trading results                          --        (87,355)       329,853

    Interest income (Note 2)                               --         69,400        292,197
                                                      ---------    ---------    -----------

            Total revenues                                 --        (17,955)       622,050
                                                      ---------    ---------    -----------

EXPENSES:

    Brokerage commissions (Note 2)                         --        115,706        348,042
    Profit Shares (Note 3)                                 --             74          9,118
    Administrative fees (Note 2)                           --          3,306          9,839
                                                      ---------    ---------    -----------

            Total expenses                                 --        119,086        366,999
                                                      ---------    ---------    -----------

INCOME (LOSS) FROM INVESTMENTS (Note 6)                (109,067)     193,066      1,114,196
                                                      ---------    ---------    -----------

NET INCOME (LOSS)                                     $(109,067)   $  56,025    $ 1,369,247
                                                      =========    =========    ===========

NET INCOME (LOSS) PER UNIT:
    Weighted average number of General Partner
     and Limited Partner Units outstanding (Note 4)      67,051       82,499        104,332
                                                      =========    =========    ===========

    Net income (loss) per weighted average
        General Partner and Limited Partner Unit      $   (1.63)   $    0.68    $     13.12
                                                      =========    =========    ===========

 See notes to financial statements.
</TABLE>

                                      -3-
<PAGE>

THE SECTOR STRATEGY FUND/SM/ V L.P.
(A Delaware Limited Partnership)
 ------------------------------

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
--------------------------------------------------------------------------------
                      Units of
                    Partnership   General       Limited
                      Interest    Partner       Partners          Total
                     ----------  ----------   -------------   --------------

PARTNERS' CAPITAL     117,846    $ 356,079    $ 13,678,217    $ 14,034,296
December 31, 1996

Redemptions           (25,489)        --        (3,192,829)     (3,192,829)

Net income               --         39,234       1,330,013       1,369,247
                     --------    ---------    ------------    ------------

PARTNERS' CAPITAL      92,357      395,313      11,815,401      12,210,714
December 31, 1997

Redemptions           (19,659)    (261,967)     (2,253,846)     (2,515,813)

Net income (loss)        --        (15,858)         71,883          56,025
                     --------    ---------    ------------    ------------

PARTNERS' CAPITAL
 DECEMBER 31, 1998     72,698      117,488       9,633,438       9,750,926

Subscriptions            --         38,440            --            38,440

Redemptions           (13,800)        --        (1,872,307)     (1,872,307)

Net loss                 --            (37)       (109,030)       (109,067)
                     --------    ---------    ------------    ------------

PARTNERS' CAPITAL
 DECEMBER 31, 1999     58,898    $ 155,891    $  7,652,101    $  7,807,992
                     ========    =========    ============    ============



See notes to financial statements.

                                      -4-
<PAGE>

THE SECTOR STRATEGY FUND/SM/ V L.P.
(A Delaware Limited Partnership)
 ------------------------------

NOTES TO FINANCIAL STATEMENTS
--------------------------------------------------------------------------------

1.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization
------------

The SECTOR Strategy Fund/SM/ V L.P. (the "Partnership") was organized under the
Delaware Revised Uniform Limited Partnership Act on July 16, 1992 and commenced
trading activities on January 4, 1993. The Partnership engages (currently,
through an investment in a limited liability company (see below)) in the
speculative trading of futures, options on futures, forwards and options on
forward contracts on a wide range of commodities. Merrill Lynch Investment
Partners Inc. ("MLIP"), a wholly-owned subsidiary of Merrill Lynch Group, Inc.,
which, in turn, is a wholly-owned subsidiary of Merrill Lynch & Co., Inc.
("Merrill Lynch"), is the general partner of the Partnership. MLIP has agreed to
maintain a general partner's interest of at least 1% of the total capital of the
Partnership. MLIP and each Limited Partner share in the profits and losses of
the Partnership in proportion to their respective interests in it.

Many of the multi-advisor funds (the "Multi-Advisor Funds") sponsored by MLIP
allocate their assets to a number of the same independent advisors (the
"Advisors"). However, because different Multi-Advisor Funds had historically
allocated assets to slightly different Advisor groups, the Multi-Advisor Funds
often were required to open and maintain individual trading accounts with each
Advisor. MLIP consolidated the trading accounts of nine of its Multi-Advisor
Funds (including the Partnership) as of June 1, 1998. The consolidation was
achieved by having these Multi-Advisor Funds close their existing trading
accounts and invest in a limited liability company, ML Multi-Manager Portfolio
L.L.C. ("MM LLC"), a Delaware limited liability company, which opened a single
account with each Advisor selected. MM LLC is managed by MLIP, has no investors
other than the Multi-Advisor Funds and serves solely as the vehicle through
which the assets of the Multi-Advisor Funds are combined in order to be managed
through single rather than multiple accounts. The placement of assets into MM
LLC did not change the operations or fee structure of the Partnership;
therefore, the following notes relate to the operation of the Partnership
through its investment in MM LLC. The administrative authority over the
Partnership remains with MLIP. MLIP, on an ongoing basis, may change the number
of Multi-Advisor Funds investing in MM LLC.

MLIP selects the Advisors to manage MM LLC's assets, and allocates and
reallocates such trading assets among existing, replacement and additional
Advisors.  Merrill Lynch Futures Inc. ("MLF"), a Merrill Lynch affiliate, is MM
LLC's commodity broker.

MLIP determines what percentage of the Partnership's total capital to invest in
MM LLC attempting to maximize the percentage of the Fund's assets invested in MM
LLC, while managing the Partnership's exposure to prevent Merrill Lynch from
being required to make a payment to the Partnership pursuant to its guarantee
under the Partnership's principal protection structure (See Note 5).

Estimates
---------

     The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that effect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the

                                      -5-
<PAGE>

reported amounts of revenues and expenses during the reporting period. Actual
results could differ from those estimates.

Revenue Recognition
-------------------

Commodity futures, options on futures, forwards and options on forward contracts
are recorded on the trade date and open contracts are reflected in net
unrealized profit on open contracts in the Statements of Financial Condition at
the difference between the original contract value and the market value (for
those commodity interests for which market quotations are readily available) or
at fair value.  The change in unrealized profit (loss) on open contracts from
one period to the next is reflected in Trading profit (loss):  Change in
unrealized in the Statements of Operations.  (As a result of the investment in
MM LLC, there were no open contracts as of December 31, 1999 or 1998.)  See Note
6 for discussion of revenue recognition for the Partnership's investment in
Trading LLCs and MM LLC.

Foreign Currency Transactions
-----------------------------

The Partnership's functional currency is the U.S. dollar; however, it transacts
business in currencies other than the U.S. dollar through MM LLC. Assets and
liabilities denominated in currencies other than the U.S. dollar are translated
into U.S. dollars at the rates in effect at the dates of the Statements of
Financial Condition. Income and expense items denominated in currencies other
than the U.S. dollar are translated into U.S. dollars at the rates in effect
during the period. Gains and losses resulting from the translation to U.S.
dollars are reported in total trading results.

Operating Expenses
------------------

MLIP pays for all routine operating costs (including all legal, accounting,
printing, postage and similar administrative expenses) of the Partnership. MLIP
receives an administrative fee as well as a portion of the brokerage commissions
paid to MLF by the Partnership through MM LLC.

Income Taxes
------------

No provision for income taxes has been made in the accompanying financial
statements as each Partner is individually responsible for reporting income or
loss based on such Partner's respective share of the Partnership's income and
expenses as reported for income tax purposes.

Distributions
-------------

The Limited Partners are entitled to receive, equally per Unit, any distribution
which may be made by the Partnership. No such distributions had been made as of
December 31, 1999.

Redemptions
-----------

A Limited Partner may redeem some or all of such Partner's Units at Net Asset
Value as of the close of business on the last business day of any month upon ten
calendar days' notice.

Dissolution of the Partnership
------------------------------

The Partnership will terminate on December 31, 2022 or at an earlier date if
certain conditions occur, as well as under certain other circumstances as set
forth in the Limited Partnership Agreement.

                                      -6-
<PAGE>

2.  RELATED PARTY TRANSACTIONS

The majority of the Partnership's U.S. dollar assets are maintained at MLF. On
assets held in U.S. dollars, Merrill Lynch credits the Partnership through MM
LLC with interest at the prevailing 91-day U.S. Treasury bill rate. The
Partnership through MM LLC is credited with interest on any of its net gains
actually held by Merrill Lynch in non-U.S. dollar currencies at a prevailing
local rate received by Merrill Lynch. Merrill Lynch may derive certain economic
benefit, in excess of the interest which Merrill Lynch pays to the Partnership
through MM LLC, from possession of such assets.

Merrill Lynch charges the Partnership through MM LLC, Merrill Lynch's cost of
financing realized and unrealized losses on MM LLC's non-U.S. dollar-
denominated positions.

Through its investment in MM LLC, the Partnership pays brokerage commissions to
MLF at a flat monthly rate of .729 of 1% (an 8.75% annual rate) and pays MLIP a
monthly administrative fee of .021 of 1% (a .25% annual rate) of the
Partnership's month-end assets allocated to trading. Assets allocated to trading
are not reduced, for purposes of calculating brokerage commissions and
administrative fees, by any accrued brokerage commissions, administrative fees,
Profit Shares or other fees or charges.

Prior to the investment in MM LLC, MLIP estimates that the
round-turn equivalent commission rate charged to the Partnership during the
years ended December 31, 1998 and 1997 was approximately $126 and $136,
respectively (not including, in calculating round-turn equivalents, forward
contracts on a futures-equivalent basis).

MLF currently pays the Advisors annual Consulting Fees up to 1.75% of the
Partnership's average month-end assets allocated to them for management, after
reduction for a portion of the brokerage commissions.

3.  AGREEMENTS

Pursuant to the Advisory Agreements among the Advisors, MM LLC and MLIP, the
Advisors determined the commodity futures, options on futures, forwards and
options on forward contracts traded on behalf of MM LLC, subject to certain
rights reserved by MLIP. The Advisory Agreements generally terminate one year
after they are entered into, subject to certain renewal rights.

Profit Shares are paid by MM LLC to each Advisor, currently ranging from 20% to
23% of any New Trading Profit, as defined, recognized by each Advisor considered
individually irrespective of the overall performance of the Partnership, either
as of the end of each calendar quarter or year and upon the net reallocation of
assets away from an Advisor. Profit Shares are also paid out in respect of Units
redeemed as of the end of interim months, to the extent of the applicable
percentage of any New Trading Profit attributable to such Units.

4.  WEIGHTED AVERAGE UNITS

The weighted average number of Units outstanding was computed for purposes of
disclosing net income (loss) per weighted average Unit. The weighted average
number of Units outstanding for the years ended December 31, 1999, 1998 and 1997
equals the Units outstanding as of such date, adjusted proportionately for Units
redeemed based on the respective length of time each was outstanding during the
year.

                                      -7-
<PAGE>

5.  MERRILL LYNCH & CO., INC. GUARANTEE

Merrill Lynch has guaranteed to the Partnership that it will have sufficient Net
Assets as of the Principal Assurance Date that the Net Asset Value per Unit as
of such Principal Assurance Date will equal, after adjustment for all
liabilities to third parties, not less than the minimum assured Net Asset Value
per Unit. Effective January 1, 1998, the Partnership restarted its trading
program for an additional Time Horizon of two years' duration and a new
Principal Assurance Date of December 31, 1999, with a minimum assured Net Asset
Value per Unit of $105.77. Effective January 1, 2000, the Partnership restarted
its trading program for a third Time Horizon of two years' duration with a new
Principal Assurance Date of December 31, 2001, with a minimum assured Net Asset
Value per Unit of $106.06.

6.  INVESTMENTS

Prior to investing in MM LLC, the Partnership placed assets under the management
of certain of the Advisors by investing in private limited liability companies
("Trading LLC's") formed by MLIP. The only members of the Trading LLC's were
commodity pools sponsored by MLIP. Each Trading LLC traded under the management
of a single Advisor pursuant to a single strategy and at a uniform degree of
leverage. Placing assets with an Advisor through a Trading LLC rather than a
managed account had no economic effect on the Partnership, except to the extent
that the Partnership benefited from the Advisor not having to allocate trades
among a number of different accounts (rather than acquiring a single position
for the Trading LLC as a whole).

The investments in Trading LLC's and MM LLC are reflected in the financial
statements at fair value based upon the Partnership's interest in each Trading
LLC and MM LLC. Fair value is equal to the market value of the net assets of the
Trading LLC's and of MM LLC allocable to the Partnership as an investor. The
resulting difference between cost and fair value is reflected on the Statements
of Operations as Income (loss) from investments.

                                      -8-
<PAGE>

Total revenues and fees with respect to such investments were as follows:
<TABLE>
<CAPTION>

For the year ended     Total            Brokerage        Administrative         Profit         Income (Loss) from
December 31, 1999     Revenues         Commissions           Fees               Shares            Investments
------------------   ----------       -------------    ------------------     ----------      ---------------------

<S>                  <C>                 <C>                 <C>                <C>                <C>
MM LLC               $741,104            $786,236            $22,464            $41,471            $(109,067)
                     ========            ========            =======            =======            =========

For the year ended     Total            Brokerage         Administrative         Profit         Income (Loss) from
December 31, 1998     Revenues         Commissions            Fees               Shares            Investments
------------------   ----------       -------------     ------------------     ----------      ---------------------

JWH LLC              $(545,697)           $173,032            $ 4,944           $   --              $(723,673)
SJO LLC                264,161             126,221              3,606             14,901              119,433
MM LLC               1,581,241             527,567             15,073            241,295              797,306
                     ---------            --------            -------            -------            ---------
Total               $1,299,705            $826,820            $23,623           $256,196            $ 193,066
                    ==========            ========            =======           ========            =========

For the year ended     Total            Brokerage        Administrative         Profit            Income from
December 31, 1997     Revenues         Commissions           Fees               Shares            Investments
------------------   ----------       -------------    ------------------     ----------      ---------------------

JWH LLC              $1,359,201          $383,830            $10,887            $112,723           $ 851,761
SJO LLC                 591,634           289,219              8,192              31,788             262,435
                      ---------          --------            -------            --------           ---------
Total                $1,950,835          $673,049            $19,079            $144,511           $1,114,196
                     ==========          ========            =======            ========           ==========

</TABLE>



Condensed statements of financial condition and statements of operations for MM
LLC, JWH LLC and SJO LLC are set forth as follows:

                                        MM LLC                MM LLC
                                      December 31, 1999     December 31, 1998
                                    --------------------   -------------------


Assets                                 $100,901,677            $125,332,558
                                       ============            ============

Liabilities                             2,906,392                 4,949,082
Members' Capital                       97,995,285               120,383,476
                                       ----------               -----------

Total                                  $100,901,677            $125,332,558
                                       ============            ============

                                                            For the period from
                                      For the year ended      June 1, 1998 to
                                      December 31, 1999      December 31, 1998
                                     --------------------   --------------------

Revenues                                $9,090,190              $19,255,343

Expenses                                10,152,017                9,491,842
                                        ----------               ----------

Net Income (Loss)                      $(1,061,827)             $ 9,763,501
                                       ===========              ===========

                                      -9-
<PAGE>

<TABLE>
<CAPTION>

                             JWH LLC                SJO LLC                                    SJO LLC
                       For the period from     For the period from       JWH LLC          For the period from
                       January 1, 1998 to      January 1, 1998 to   For the year ended     January 2, 1997 to
                          May 31, 1998           May 31, 1998        December 31, 1997     December 31, 1997
                     ----------------------   --------------------- -------------------   ---------------------

<S>                       <C>                    <C>                    <C>                    <C>
Revenues                  $ 1,391,001            $1,472,242             $15,279,401            $3,903,268

Expenses                    4,069,362               802,878               6,714,041             2,144,078
                          -----------            ----------             -----------            ----------

Net Income (Loss)         $(2,678,361)           $  669,364             $ 8,565,360            $1,759,190
                          ===========            ==========             ===========            ==========
</TABLE>

7.   FAIR VALUE AND OFF-BALANCE SHEET RISK

As of June 1, 1998, the Partnership invested all of its assets in MM LLC.
Accordingly, the Partnership is invested indirectly in derivative instruments,
but does not itself hold any derivative instrument positions. As such,
MLIP does not believe that the adoption of the provisions of Statement of
Financial Accounting Standards No. 133 had a significant effect on the financial
statements of the Partnership. Consequently, no such positions subsequent to May
31, 1998 are reflected in these financial statements.

Market Risk
-----------

Derivative instruments involve varying degrees of off-balance sheet market risk.
Changes in the level or volatility of interest rates, foreign currency exchange
rates or market values of the financial instruments or commodities underlying
such derivative instruments frequently resulted in changes in the Partnership's
net unrealized profit on such derivative instruments as reflected in the
Statements of Financial Condition or, with respect to Partnership assets
invested in Trading LLC's and in MM LLC, the net unrealized profit as reflected
in the respective Statements of Financial Condition of the Trading LLC's and MM
LLC. The Partnership's exposure to market risk is influenced by a number of
factors, including the relationships among the derivative instruments held by
the Partnership, the Trading LLC's and currently MM LLC, as well as the
volatility and liquidity of the markets in which such derivative instruments are
traded.

MLIP has procedures in place intended to control market risk exposure, although
there can be no assurance that they will, in fact, succeed in doing so. These
procedures focus primarily on monitoring the trading of the Advisors selected
from time to time for the Partnership or MM LLC, and include adjusting the
percentage of the Partnership's, the Trading LLC's or MM LLC's total assets
allocated to trading, calculating the Net Asset Value of the Advisors'
respective Partnership accounts and Trading LLC accounts, or currently MM LLC
accounts, as of the close of business on each day and reviewing positions for
over-concentrations both on an Advisor-by-Advisor and on an overall Partnership
basis. While MLIP does not itself intervene in the markets to hedge or diversify
the Partnership's market exposure (although MLIP may adjust the percentage of
the Partnership's total assets allocated to trading), MLIP may urge Advisors to
reallocate positions, or itself reallocate Partnership assets among Advisors
(although typically only as of the end of a month) in an attempt to avoid over-
concentration. However, such interventions are unusual. Except in cases in which
it appears that an Advisor has begun to deviate from past practice and trading
policies or to be trading erratically, MLIP's basic risk control procedures
consist simply of the ongoing process of Advisor monitoring and selection, with
the market risk controls being applied by the advisors themselves.


                                      -10-
<PAGE>

One important aspect of MLIP's risk controls is its adjustments
to the leverage at which the Partnership trades.  By controlling the percentage
of the Partnership's assets allocated to trading, the General Partner can
directly effect the market exposure of the Partnership.  Leverage control is the
principal means by which MLIP hopes to be able to ensure that
Merrill Lynch is never required to make any payments under its guarantee that
the Net Asset Value per Unit will equal no less than a specified minimum as of
the Principal Assurance Date (See Note 5).

Credit Risk
-----------

The risks associated with exchange-traded contracts are typically perceived to
be less than those associated with over-the-counter (non-exchange-traded)
transactions, because exchanges typically (but not universally) provide
clearinghouse arrangements in which the collective credit (in some cases limited
in amount, in some cases not) of the members of the exchange is pledged to
support the financial integrity of the exchange.  In over-the-counter
transactions, on the other hand, traders must rely solely on the credit of their
respective individual counterparties.  Margins, which may be subject to loss in
the event of a default, are generally required in exchange trading, and
counterparties may also require margin in the over-the-counter markets.

The Partnership has credit risk in respect of its counterparties and brokers,
but attempts to control this risk by dealing almost exclusively with Merrill
Lynch entities as counterparties and clearing brokers.

The Partnership, through MM LLC, in its normal course of business, enters into
various contracts, with MLF acting as its commodity broker.  Pursuant to the
brokerage agreement with MLF (which includes a netting arrangement), to the
extent that such trading results in receivables from and payables to MLF, these
receivables and payables are offset as a net receivable or payable in the
financial statements of MM LLC in the Equity in commodity future trading
accounts in the Statements of Financial Condition.



                              * * * * * * * * * *

                 To the best of the knowledge and belief of the
                 undersigned, the information contained in this
                        report is accurate and complete.

                           /s/ Michael L. Pungello

                              Michael L. Pungello
                            Chief Financial Officer
                     Merrill Lynch Investment Partners Inc.
                               General Partner of
                       The SECTOR Strategy Fund/SM/ V L.P.

                                      -11-