INDEPENDENT AUDITORS' REPORT

Exhibit 99(a)

INDEPENDENT AUDITORS' REPORT
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We have audited, in accordance with generally accepted auditing standards, the
consolidated financial statements of Merrill Lynch & Co., Inc. and
subsidiaries (the "Company") as of December 31, 1993 and December 25, 1992 and
for each of the three years in the period ended December 31, 1993 and have
issued our report thereon dated February 28, 1994. Such financial statements
and our report, included herein as Exhibit 28 to the Company's Current Report
on Form 8-K dated March 9, 1994, are included in the Company's 1993 Annual
Report to Stockholders.

We have also previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheets of Merrill Lynch & Co., Inc. and
subsidiaries as of December 27, 1991, December 28, 1990 and December 29, 1989
and the related statements of consolidated earnings, changes in consolidated
stockholders' equity and consolidated cash flows for each of the two years in
the period ended December 28, 1990 (none of which are presented or
incorporated by reference herein); and we expressed unqualified opinions on
those financial statements. In our opinion, the information set forth in the
Selected Financial Data under the captions Operating Results, Financial
Position and Common Share Data, included herein as Exhibit 28, is fairly
stated in all material respects in relation to the consolidated financial
statements from which it has been derived.


/s/ Deloitte & Touche
New York, New York
February 28, 1994