EXHIBIT 23(b)

INDEPENDENT AUDITORS' CONSENT
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We consent to the incorporation by reference in this Post-Effective Amendment
No. 1 to the Registration Statement of Merrill Lynch & Co., Inc. on Form S-3 of
our reports dated February 26, 1996, appearing in or incorporated by reference
in the Annual Report on Form 10-K of Merrill Lynch & Co., Inc. (the "Company")
for the year ended December 29, 1995 (the "Annual Report") and to the reference
to us under the heading "Experts" in the Prospectus, which is a part of this
Registration Statement. We also consent to the inclusion as Exhibit 99 to this
Post-Effective Amendment No. 1 to the Registration Statement of our report dated
February 26, 1996 relating to information under the caption "Summary Financial
Information," for each of the five years in the period ended December 29, 1995,
appearing in the Prospectus. We also consent to the incorporation by reference
to this Post-Effective Amendment No. 1 to the Registration Statement of our
report dated February 26, 1996, appearing as Exhibit 99(ii) in the Current
Report on Form 8-K dated March 12, 1996, relating to the Selected Financial Data
under the captions "Operating Results," "Financial Position" and "Common Share
Data" appearing on page 26 of the Company's 1995 Annual Report to Stockholders.

/s/ Deloitte & Touche LLP

New York, New York
May 8, 1996