FILE NO. 33-38879
                                                                  RULE 424(B)(3)
 
                             PROSPECTUS SUPPLEMENT
                      (TO PROSPECTUS DATED MARCH 24, 1994)
                (TO PROSPECTUS SUPPLEMENT DATED MARCH 29, 1994)
 
                                    PROSPECTUS NUMBER: 1238
                                    DATED: MAY 16, 1995
 
 
                           MERRILL LYNCH & CO., INC.
                          MEDIUM-TERM NOTES, SERIES B
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
                              VARIABLE RATE NOTES
 
<TABLE>
<CAPTION>
 
<S>                       <C>
 
BASE RATE:                Prime
 
 
INDEX MATURITY:           One Day
 
 
TRADE DATE:               May 16, 1995
 
 
SETTLEMENT DATE:          May 24, 1995
 
 
MATURITY DATE:            May 24, 1996
 
 
REDEMPTION DATE:          N/A
 
 
OPTIONAL REPAYMENT DATES: N/A
 
 
SPREAD:                   -2.720%
                          (MINUS TWO HUNDRED SEVENTY TWO bps)
 
 
SPREAD MULTIPLIER:        N/A
 
 
MAXIMUM INTEREST RATE:    N/A
 
 
MINIMUM INTEREST RATE:    N/A
 
 
INTEREST RESET DATES:     Daily, using prior day's H.15 Prime
 
 
INTEREST PAYMENT DATES:   August 24, 1995; November 24, 1995; February 24, 1996 and maturity--
                          subject to modified following business day convention.
 
 
INITIAL INTEREST RATE:    TBD May 24, 1995
 
 
</TABLE>
 
 
     On April 24, 1995, the Company increased to $11,150,000,000 the aggregate
principal amount of Medium- Term Notes, Series B authorized to be issued
pursuant to the attached Prospectus Supplement and supplements related thereto.
Such amount represents an increased authorization of $2,500,000,000. As of March
31, 1995, the Company had issued and outstanding Notes in an aggregate principal
amount of approximately $5,566,708,000.