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 30, 1994 and December 31, 1993 and for each of
the three years in the period ended December 30, 1994 and have issued our report
thereon dated February 27, 1995. Such financial statements and our report,
included herein as part of Exhibit 99 to the Company's Current Report on Form 8-
K dated March 9, 1995, are included in the Company's 1994 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 25, 1992, December 27, 1991 and December 28, 1990
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 27, 1991 (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 part of Exhibit 99, is fairly stated in all material
respects in relation to the consolidated financial statements from which it has
been derived.


/s/ Deloitte & Touche LLP

New York, New York
February 27, 1995