<PAGE>
FILE NO. 33-65135
RULE 424(B)(3)
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED APRIL 4, 1996)
(TO PROSPECTUS SUPPLEMENT DATED APRIL 10, 1996)
PROSPECTUS NUMBER: 1386
DATED: JULY 16, 1996
MERRILL LYNCH & CO., INC.
MEDIUM-TERM NOTES, SERIES B
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
FLOATING RATE NOTES
<TABLE>
<CAPTION>
<S> <C>
BASE RATE: Fed Funds (Prior Day H.15)
INDEX MATURITY: One Day
TRADE DATE: July 16, 1996
SETTLEMENT DATE: July 22, 1996
MATURITY DATE: July 22, 1998
REDEMPTION DATE: N/A
OPTIONAL REPAYMENT DATES: N/A
SPREAD: 0.300% (plus thirty bps)
SPREAD MULTIPLIER: N/A
MAXIMUM INTEREST RATE: N/A
MINIMUM INTEREST RATE: N/A
INTEREST RESET DATES: Daily
INTEREST PAYMENT DATES: Quarterly, on the 22nd of Jan, Apr, July and Oct commencing October 22,
1996, subject to Following Business Day Convention.
INITIAL INTEREST RATE: TBD, July 22, 1996
FORM: Book-entry
</TABLE>
