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
26,  2003,  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 year ended December 27, 2002.



/s/ Deloitte & Touche LLP


New York, New York
March 26, 2003