<PAGE>
 
                                                        Rule 424 (b) (3)
                                                        Registration Statement
                                                        No. 33-19975




Supplement Dated May 16, 1988
(To Prospectus Dated May 12, 1988)



                           MERRILL LYNCH & CO., INC.

                     Remarketed Preferred Stock, Series C

                   Liquidation Preference $100,000 Per Share
                                    ["RP"]





Settlement Date: January 4, 1995

Applicable Dividend Rate for the Dividend Periods commencing on the Settlement
Date:

                7-Day Dividend Period:     4.50%    per annum
                                        ------------



                49-Day Dividend Period:    4.73%     per annum
                                        ------------



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission