SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* FOSINA JOHN J (Last) (First) (Middle) MERRILL LYNCH & CO., INC. 4 WORLD FINANCIAL CENTER (Street) NEW YORK NY 10080 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MERRILL LYNCH & CO INC [ MER ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice President and Controller
	3. Date of Earliest Transaction (Month/Day/Year) 10/30/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/30/2003		M		704	A	$20.2969	18,859	D
Common Stock	10/30/2003		M		1,208	A	$31	20,067	D
Common Stock	10/30/2003		M		392	A	$36.1719	20,459	D
Common Stock	10/30/2003		F		421	D	$58.68	20,038	D
Common Stock	10/31/2003		S		1,883	D	$58.87	18,186(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option - Right to Acquire(2)	$20.2969	10/30/2003		M			704	(3)	01/29/2007	Common Stock	704	$0	0	D
Stock Option - Right to Acquire(2)	$31	10/30/2003		M			1,208	(3)	01/26/2008	Common Stock	1,208	$0	0	D
Stock Option - Right to Acquire(2)	$36.1719	10/30/2003		M			392	(4)	01/25/2009	Common Stock	392	$0	2,548	D
Stock Option - Right to Acquire(2)	$36.1719							(5)	01/25/2009	Common Stock	7,932		7,932	D
Stock Option - Right to Acquire(2)	$43.7812							(6)	01/27/2010	Common Stock	9,160		9,160	D
Stock Option - Right to Acquire(2)	$77.5625							(7)	01/23/2011	Common Stock	9,025		9,025	D
Stock Option - Right to Acquire(2)	$53.745							(8)	01/28/2012	Common Stock	18,869		18,869	D
Stock Option - Right to Acquire(2)	$36.065							(9)	01/27/2013	Common Stock	9,728		9,728	D

Explanation of Responses:

1. This total also reflects the acquisition of shares of Merrill Lynch & Co., Inc. Common Stock as a result of dividend reinvestments and an allocation through various Merrill Lynch Plans which is exempt from the reporting requirements pursuant to Rule 16b-3, Rule 16a-3 and/or Rule 16a-11.

2. These stock options were granted under the Merrill Lynch & Co., Inc. Long-Term Incentive Compensation Plan ("Plan"). Transactions under the Plan are exempt under Rule 16b-3.

3. All stock options are exercisable.

4. 588 stock options became exercisable after each of 1/25/00, 1/25/01, 1/25/02 and 1/25/03. 588 stock options are exercisable after 1/25/04.

5. These performance-based stock options became exercisable at a rate of 1% of the award for each increment of $20 million of Cumulative Economic Profit of the Issuer (determined annually on each anniversary of the award). 4,284 stock options became exercisable on 1/25/00 and 3,648 stock options became exercisable on 1/25/01.

6. 1,832 stock options became exercisable after each of 1/27/01, 1/27/02 and 1/27/03. 1,832 stock options are exercisable after each of 1/27/04 and 1/27/05.

7. All stock options became exercisable after 7/31/01.

8. All stock options became exercisable after 7/31/02.

9. 2,432 stock options are exercisable after each of 1/27/04, 1/27/05, 1/27/06 and 1/27/07.

Remarks:

All reported positions have been rounded down to the nearest whole number.

	John J. Fosina (by Michael A. LaMaina, as agent)	11/03/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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