Exhibit 23(b)



INDEPENDENT AUDITORS' CONSENT
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We consent to the incorporation by reference in this Registration Statement of
Merrill Lynch & Co., Inc. and subsidiaries (the "Company") on Form S-3 of our
reports dated February 23, 1998, appearing in the Annual Report on Form 10-K of
the Company for the year ended December 26, 1997 and to the reference to us
under the heading "Experts" in the Prospectus, which is part of this
Registration Statement. We also consent to the inclusion as Exhibit 99(a) to
this Registration Statement of our report dated February 23, 1998, relating to
information under the captions "Ratio of Earnings to Fixed Charges" and "Ratio
of Earnings to Combined Fixed Charges and Preferred Stock Dividends" for each of
the five years in the period ended December 26, 1997 appearing in the prospectus
relating to Debt Securities, Warrants, Preferred Stock, Depositary Shares and
Common Stock, and information under the caption "Ratio of Earnings to Fixed
Charges" for each of the five years in the period ended December 26, 1997
appearing in the prospectuses relating to STRYPES and Trust Preferred
Securities, which are a part of this Registration Statement.  We also consent to
the inclusion as Exhibit 99(b) to this Registration Statement of our report
dated February 23, 1998 relating to the Selected Financial Data under the
captions "Operating Results", "Financial Position" and "Common Share Data"
appearing in the Company's 1997 Annual Report on Form 10-K.  We also consent to
the inclusion in this Registration Statement of our reports dated January 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, appearing in the
prospectus relating to Trust Preferred Securities, which is included in this
Registration Statement.



/s/ Deloitte & Touche LLP
New York, New York
July 28, 1998