FILE NO. 33-38879
                                                                  RULE 424(B)(3)
 
                                  PROSPECTUS SUPPLEMENT
                          (TO PROSPECTUS DATED MARCH 24, 1994)
                     (TO PROSPECTUS SUPPLEMENT DATED MARCH 29, 1994)
 
                                               NO.: 1221
                                               DATED: MARCH 23, 1995
 
 
                                MERRILL LYNCH & CO., INC.
 
                                    MEDIUM-TERM NOTES
 
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<CAPTION>
 
         <S>                       <C>
 
         BASE RATE:                H.15 Fed Funds
 
 
         INDEX MATURITY:           One Day
 
 
         MATURITY DATE:            April 10, 1996
 
 
         REDEMPTION DATE:          N/A
 
 
         OPTIONAL REPAYMENT DATES: N/A
 
 
         SPREAD:                   0.210%
                                   (twenty one basis points)
 
 
         SPREAD MULTIPLIER:        N/A
 
 
         MAXIMUM INTEREST RATE:    N/A
 
 
         MINIMUM INTEREST RATE:    N/A
 
 
         INTEREST RESET DATES:     Daily
 
 
         INTEREST PAYMENT DATES:   July 10, 1995; October 10, 1995; January 10, 1996 and maturity.
 
 
         INITIAL INTEREST RATE:    TBD 3/30/95
 
 
         FORM:                     Book-entry
 
 
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