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: December 24, 1996 Applicable Dividend Rate for the Dividend Periods commencing on the Settlement Date: 7-Day Dividend Period: 4.00% per annum 49-Day Dividend Period: 4.05% per annum