Rule 424 (b) (3) Registration Statement No. 33-19975 Supplement Dated May 16, 1988 (To Prospectus Dated May 12, 1988) MERRILL LYNCH & CO., INC. Remarketed Preferred Stock, Series C Liquidation Preference $100,000 Per Share ["RP"] Settlement Date: May 23, 1995 Applicable Dividend Rate for the Dividend Periods commencing on the Settlement Date: 7-Day Dividend Period: 4.45% per annum 49-Day Dividend Period: 4.52% per annum