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

                             PROSPECTUS SUPPLEMENT
                    (To Prospectus dated March 24, 1994)
               (To Prospectus Supplement dated March 29, 1994)
                                  No.:  1207
                                Dated:  January 18, 1995


                           MERRILL LYNCH & CO., INC.

                               Medium-Term Notes


Base Rate:                H.15 Fed Funds 

Index Maturity:           One Day

Maturity Date:            February 1, 1996

Redemption Date:          N/A

Optional Repayment Dates: N/A

Spread:                   0.200%
                          (twenty 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 first of February, May, August and November-
                          subject to modified following business day convention.

Initial Interest Rate:    TBD 1/26/95

Form:                     Book-entry