RNS Number:0547O
Merrill Lynch & Co Inc
28 July 2003


                                                     News
                                                     Merrill Lynch & Co., Inc.

                                                     World Headquarters
                                                     4 World Financial Center
                                                     New York, New York  10080

                                                     Release date:  July 28, 2003

                                                     For information contact:
                                                     Media Relations:
                                                     Timothy Cobb (212) 449-9205

                                                     Investor Relations:
                                                     Martin Wise (866) 607-1234


               MERRILL LYNCH DECLARES REGULAR QUARTERLY DIVIDEND

            NEW YORK, July 28 - At its meeting today, the Merrill Lynch & Co.,
Inc. (NYSE: MER) Board of Directors declared a regular quarterly dividend of 16
cents per common share, payable August 27, 2003, to shareholders of record on
August 8, 2003.



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