<PAGE>
FILE NO. 33-38879
RULE 424(B)(3)
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED MARCH 24, 1994)
(TO PROSPECTUS SUPPLEMENT DATED MARCH 29, 1994)
PROSPECTUS NUMBER: 1259
DATED: JULY 19, 1995
MERRILL LYNCH & CO., INC.
MEDIUM-TERM NOTES, SERIES B
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
VARIABLE RATE NOTES
<TABLE>
<CAPTION>
<S> <C>
BASE RATE: LIBOR
INDEX MATURITY: 1 Month
TRADE DATE: July 19, 1995
SETTLEMENT DATE: July 24, 1995
MATURITY DATE: July 24, 1996
REDEMPTION DATE: N/A
OPTIONAL REPAYMENT DATES: N/A
SPREAD: -0.010% (MINUS ONE BP)
SPREAD MULTIPLIER: N/A
MAXIMUM INTEREST RATE: N/A
MINIMUM INTEREST RATE: N/A
INTEREST RESET DATES: Monthly
INTEREST PAYMENT DATES: On the 24th of each month commencing August 1995 through June 1996
and maturity, subject to modified following business day convention.
INITIAL INTEREST RATE: 5.865%
</TABLE>
On April 24, 1995, the Company increased to $11,150,000,000 the aggregate
principal amount of Medium- Term Notes, Series B authorized to be issued
pursuant to the attached Prospectus Supplement and supplements related thereto.
Such amount represents an increased authorization of $2,500,000,000. As of March
31, 1995, the Company had issued and outstanding Notes in an aggregate principal
amount of approximately $5,566,708,000.