EXHIBIT 23





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

We consent to the incorporation by reference in Registration  Statement No.
333-44173 of Merrill  Lynch & Co.,  Inc. on Form S-3 of our reports  dated March
28,  2001,  appearing  in this  Annual  Report  on Form  10-K of  Merrill  Lynch
Preferred  Capital Trust IV and Merrill Lynch  Preferred  Funding IV, L.P. for
the period ended December 29, 2000.



/s/ Deloitte & Touche LLP


New York, New York
March 28, 2001