<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated Marsh & McLennan Companies, Inc. and subsidiaries December 31, 1998 financial statements and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 610,000,000 <SECURITIES> 0 <RECEIVABLES> 2,007,000,000 <ALLOWANCES> 98,000,000 <INVENTORY> 0 <CURRENT-ASSETS> 3,245,000,000 <PP&E> 2,107,000,000 <DEPRECIATION> 820,000,000 <TOTAL-ASSETS> 11,871,000,000 <CURRENT-LIABILITIES> 5,002,000,000 <BONDS> 1,590,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 259,000,000 <OTHER-SE> 3,400,000,000 <TOTAL-LIABILITY-AND-EQUITY> 11,871,000,000 <SALES> 0 <TOTAL-REVENUES> 7,190,000,000 <CGS> 0 <TOTAL-COSTS> 5,770,000,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 19,000,000 <INTEREST-EXPENSE> 140,000,000 <INCOME-PRETAX> 1,305,000,000 <INCOME-TAX> 509,000,000 <INCOME-CONTINUING> 796,000,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 796,000,000 <EPS-PRIMARY> 3.11 <EPS-DILUTED> 2.98