EXHIBIT 12

Marsh & McLennan Companies, Inc. and Subsidiaries

Amended Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Years Ended December 31,
	2007		2006		2005		2004		2003
Earnings
Income before income taxes and minority interest	$	847	$	912	$	302	$	283	$	1,771
Interest expense		267		303		332		219		185
Portion of rents representative of the interest factor		170		170		149		153		141
	$	1,284	$	1,385	$	783	$	655	$	2,097
Fixed Charges
Interest expense		267	$	303	$	332	$	219	$	185
Portion of rents representative of the interest factor		170		170		149		153		141
	$	437	$	473	$	481	$	372	$	326
Ratio of Earnings to Fixed Charges		2.9		2.9		1.6		1.8		6.4