File No. 33-38879
                                                                  Rule 424(b)(3)

                             PROSPECTUS SUPPLEMENT
                     (To Prospectus dated March 24, 1994)
                (To Prospectus Supplement dated March 29, 1994)
                                 No.:  1196
                               Dated:  11/02/94


                           MERRILL LYNCH & CO., INC.

                               Medium-Term Notes



Base Rate:                Fed Funds (H.15)

                          
Index Maturity:           One Day
                           
                           
Maturity Date:            11/09/95
                           
                           
Redemption Date:          N/A
                           
                           
Optional Repayment Dates: N/A
                           
                           
Spread:                   0.150%
                          (fifteen basis points)
                           
                           
Spread Multiplier:        N/A
                           
                           
Maximum Interest Rate:    N/A
                           
                           
Minimum Interest Rate:    N/A
                           
                           
Interest Reset Dates:     Daily
                           
                           
Interest Payment Dates:   Pays the 9th of every month, subject to modified
                          following business day convention.


Initial Interest Rate:    TBD 11/9/94
                           
                           
Form:                     Book-entry