FILE NO. 333-13649
                                                                  RULE 424(B)(3)
 
                             PROSPECTUS SUPPLEMENT
                     (TO PROSPECTUS DATED JANUARY 6, 1997)
                (TO PROSPECTUS SUPPLEMENT DATED JANUARY 6, 1997)
                                     PROSPECTUS NUMBER: 1508
 
 
                           MERRILL LYNCH & CO., INC.
                          MEDIUM-TERM NOTES, SERIES B
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
 
                                FIXED RATE NOTES
 
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<S>                       <C>
 
PRINCIPAL AMOUNT:         $15,000,000.00
 
 
TRADE DATE:               May 13, 1997
 
 
ORIGINAL ISSUE DATE:      May 23, 1997
 
 
MATURITY DATE:            June 15, 2007
 
 
INTEREST RATE:            7.20%
 
 
INTEREST PAYMENT DATES:   15th day of each month, commencing June 15, 1997 through and including the Maturity
                          Date, subject to the following business day convention.
 
 
OPTIONAL REPAYMENT DATES: See "Other Provisions" below
 
 
INITIAL REDEMPTION DATE:  June 15, 2000
 
 
OTHER PROVISIONS:         Notwithstanding anything to the contrary contained herein, interest on the Notes
                          shall be payable monthly on the 15th day of each month and at Maturity (the
                          "Interest Payment Dates"), commencing on June 15, 1997. This Note is subject to
                          redemption at the option of the Company, in whole, on any Interest Payment Date
                          occurring in June or December commencing on or after the Interest Payment Date on
                          June 15, 2000, (the "Redemption Date") at the Redemption Price together with
                          interest thereon payable to the Redemption Date, on notice given, not more than 60
                          nor less than 30 days prior to the Redemption Date. The Redemption Price with
                          respect to this Note shall be 100% of the principal amount of the Notes. Varying
                          prices related to prevailing market prices.
 
 
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