Exhibit 15

Merrill Lynch & Co., Inc.
4 World Financial Center
New York, NY 10080

We have made a review, in accordance with standards established by the American
Institute of Certified Public Accountants, of the unaudited condensed
consolidated financial statements of Merrill Lynch & Co., Inc. and subsidiaries
("Merrill Lynch") for the three-month periods ended March 29, 2002 and March 30,
2001 and for the three-month and six-month periods ended June 28, 2002 and June
29, 2002, as indicated in our reports dated May 10, 2002 and August 9, 2002,
respectively; because we did not perform an audit, we expressed no opinion on
that information.

We are aware that our reports referred to above, which were included in your
Quarterly Reports on Form 10-Q for the quarters ended March 29, 2002 and
June 28, 2002, respectively, are incorporated by reference in this Registration
Statement.

We are also aware that the aforementioned reports, pursuant to Rule 436(c) under
the Securities Act of 1933, are not considered a part of the Registration
Statement prepared or certified by an accountant or a report prepared or
certified by an accountant within the meaning of Sections 7 and 11 of that Act.

/s/ DELOITTE & TOUCHE LLP

New York, New York
August 9, 2002