Exhibit 23(b)

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement 
of Merrill Lynch & Co., Inc. and subsidiaries ("Merrill Lynch") on Form S-3 
of our report dated February 23, 1998 (December 10, 1998 as to Note 1, 
paragraphs 1 and 2), appearing in the Current Report on Form 8-K dated 
December 10, 1998 and to the incorporation by reference of our report dated 
February 23, 1998 appearing on page 72 of the Annual Report on Form 10-K of 
Merrill Lynch for the year ended December 26, 1997 and to the reference to us 
under the heading "Experts" in the Prospectuses, which are a part of this 
Registration Statement. We also consent to the inclusion as Exhibit 99(a) to 
this Registration Statement of our report dated February 23, 1998 (December 
10, 1998 as to Ratio of Earnings to Fixed Charges, paragraph 1 and note a, 
and Ratio of Earnings to Combined Fixed Charges and Preferred Stock 
Dividends, paragraph 1 and note a), relating to information under the 
captions "Ratio of Earnings to Fixed Charges" and "Ratio of Earnings to 
Combined Fixed Charges and Preferred Stock Dividends" for each of the five 
years in the period ended December 26, 1997 appearing in the Prospectus
relating to Debt Securities, Warrants, Preferred Stock, Depositary Shares and 
Common Stock, and information under the caption "Ratio of Earnings to Fixed 
Charges" for each of the five years in the period ended December 26, 1997 
appearing in the Prospectus relating to STRYPES-SM-, in the Prospectus relating
to Trust Preferred Securities and in the Prospectuses relating to other 
securities, each of which is a part of this Registration Statement. We also 
consent to the inclusion as Exhibit 99(b) to this Registration Statement of 
our report dated February 23, 1998 (December 10, 1998 as to Selected Financial
Data, paragraph 1 and note a) relating to the Selected Financial Data under 
the captions "Operating Results", "Financial Position" and "Common Share Data"
appearing in the Current Report on Form 8-K dated December 10, 1998 of
Merrill Lynch.

/s/ Deloitte & Touche LLP


New York, New York
December 10, 1998