EXHIBIT 23(b)

INDEPENDENT AUDITORS' CONSENT
- -----------------------------

We consent to the incorporation by reference in this Registration Statement of
Merrill Lynch & Co., Inc. and subsidiaries (the "Company") on Form S-3 of our
reports dated February 24, 1997, appearing in and incorporated by reference in
the Annual Report on Form 10-K of the Company for the year ended December 27,
1996 and to the reference to us under the heading "Experts" in the Prospectuses,
which is part of this Registration Statement. We also consent to the inclusion
as Exhibit 99(a) to this Registration Statement of our report dated February 24,
1997, relating to information under the caption "Ratio of Earnings to Fixed
Charges" for each of the five years in the period ended December 27, 1996
appearing in the prospectuses relating to Debt Securities and Warrants, STRYPES,
and Medium-Term Notes, Series B, all of which are a part of this Registration
Statement. We also consent to the incorporation by reference as Exhibit 99(b) to
this Registration Statement of our report dated February 24, 1997 relating to
the Selected Financial Data under the captions "Operating Results", "Financial
Position" and "Common Share Data" appearing on page 24 of the Company's Annual
Report to Stockholders.

/s/ Deloitte & Touche LLP

New York, New York
June 4, 1997