	merrill lynch mer investment revenues up merrill lynch and co said investment banking revenues were strong in the first quarter rising to mln dlrs from mln in the first quarter we have made steady progress in a period of market activity which has been marked by unprecedented activity william schreyer chairman and cheif executive officer and daniel tully president and chief operating officer said earlier the company reported first quarter net income of mln dlrs or one dlr per share up from mln dlrs or cts per share in s first quarter merrill lynch said its insurance revenues made the biggest gains in the first quarter rising to mln dlrs in the this first quarter from mln dlrs in last year s first quarter reuter 
