INDEPENDENT AUDITORS CONSENT
Published on November 3, 1998
Exhibit 23
INDEPENDENT AUDITORS' CONSENT
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We consent to the incorporation by reference in this Prospectus of Merrill Lynch
Preferred Capital Trust V of our reports dated February 23, 1998 appearing in
the Annual Report on Form 10-K of Merrill Lynch & Co., Inc. for the year ended
December 26, 1997 and to the reference to us under the heading "Experts" in this
Prospectus. We also consent to the inclusion in this Prospectus of our reports
dated October 23, 1998 relating to the audits of the balance sheets of Merrill
Lynch Preferred Funding V, L.P. and Merrill Lynch Preferred Capital Trust V.
/s/ Deloitte & Touche LLP
New York, New York
October 29, 1998