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PROSPECTUS SUPPLEMENT
(TO PROSPECTUS AND PROSPECTUS SUPPLEMENT EACH DATED MAY 16, 1997)
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MERRILL LYNCH & CO., INC.
MEDIUM-TERM NOTES, SERIES B
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
CONSTANT MATURITY TREASURY RATE INDEXED NOTES
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Principal Amount: $62 million Interest Reset Dates: Each Interest Payment Date
up to and including
March 27, 2000
Original Issue Date: June 27, 1997 Interest Rate Basis: Constant Maturity
Treasury Rate
Maturity Date: June 27, 2000 Designated CMT
Maturity Index: Two-year
Redemption Date: Not Applicable Spread: +.03%
Optional Repayment Dates: Not Applicable Designated CMT
Telerate Page: 7055
Interest Payment Dates: Each March 27, June 27,
September 27 and
December 27,
commencing
September 27, 1997
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DESCRIPTION OF THE NOTES
GENERAL
The Medium-Term Notes, Series B of Merrill Lynch & Co., Inc. (the
"Company"), offered hereby are "Constant Maturity Treasury Rate Indexed Notes"
and are referred to in this Prospectus Supplement as the "Notes". The Notes are
Regular Floating Rate Notes and certain provisions of the Notes are more fully
described in the accompanying Prospectus and Prospectus Supplement.
This Prospectus Supplement relates to $62,000,000 aggregate principal
amount of Notes which the Company has agreed to sell to Merrill Lynch, Pierce,
Fenner & Smith Incorporated (the "Underwriter"), and which the Underwriter has
agreed to purchase from the Company, at a price of 99.807% of the principal
amount thereof. The Underwriter has advised the Company that it proposes
initially to offer the Notes to the public at a public offering price equal to
100% of the principal amount thereof. After the initial public offering, such
public offering price may be changed.
The Notes will not be subject to redemption by the Company in whole or in
part prior to the Maturity Date.
INTEREST
The Notes will bear interest from and including June 27, 1997 to but
excluding the Maturity Date. Interest will be payable on the Interest Payment
Dates specified above. The interest rate will be reset on each Interest Reset
Date specified above to a per annum rate equal to the Constant Maturity Treasury
Rate (as defined herein) plus 0.03%, as determined by Merrill Lynch Capital
Services, Inc. (the "Calculation Agent"), a subsidiary of the Company; provided,
however, that the per annum rate of interest payable on the Notes for the period
from and including June 27, 1997 to but excluding September 27, 1997 will be
calculated using June 25, 1997 as the relevant Interest Determination Date. The
"Interest Determination Date" pertaining to an Interest Reset Date will be the
second Business Day preceding such Interest Reset Date.
Interest on the Notes will be computed on the basis of a 360-day year of
twelve 30-day months.
The date of this Prospectus Supplement is June 20, 1997
