Div. Declaration/Stock Split

Marsh & McLennan Co Inc
16 May 2002


The Board of Directors of Marsh & McLennan Companies, Inc. (the 'Company') today
declared a two for one stock split payable to stockholders of record on June 7,
2002, with shares to be issued on June 28, 2002.

The Board of Directors also declared today a quarterly dividend on the Company's
common stock of twenty-eight cents ($.28) per share (post-split shares), payable
August 15, 2002 to stockholders of record on July 9, 2002.

In addition, effective today, six directors, Jeffrey W. Greenberg, Stephen R.
Hardis, The Rt. Hon. Lord Lang of Monkton, DL, Morton 0. Schapiro, Adele Simmons
and A.J.C. Smith were elected by the stockholders as Class II directors. Each of
the Class II directors will serve for a three year term. The following persons
were elected to serve as officers of the Company:


             Office                                    Name
 
Chairman of the Board & Chief Executive
 Officer                                        Jeffrey W. Greenberg
Vice Chairman                                   Mathis Cabiallavetta
Vice Chairman                                   Charles A. Davis
Senior Vice President & Chief
 Financial Officer                              Sandra S. Wijnberg
Senior Vice President & General Counsel         William L. Rosoff
Senior Vice President - Executive
 Resources & Development                        Francis N. Bonsignore
Senior Vice President                           Barbara S. Perlmutter
Senior Vice President                           W.R.P. White-Cooper
Secretary                                       Gregory F. Van Gundy
Vice President                                  Ernest M. Asaff
Vice President & Treasurer                      Mathew B. Bartley
Vice President                                  J. Michael Bischoff
Vice President                                  Mark J. Dallara
Vice President                                  Leonard F. DiNapoli, Jr.
Vice President                                  John R. Dutt
Vice President                                  Cindy H. Finkelman
Vice President                                  Barbara Hoffman Frank
Vice President                                  Barry W. Furst
Vice President                                  Raymond Haas
Vice President                                  Ziporah Janowski
Vice President                                  Elizabeth K. Kellner
Vice President                                  John R. Kirksey
Vice President                                  F. Mark Lastner
Vice President                                  John P. McLaughlin
Vice President & Controller                     Robert J. Rapport
Vice President                                  Thomas M. Sansone
Vice President                                  Robert Van Pelt
Vice President                                  Michael A. Waskom
Assistant Vice President                        William A. Blanchard
Assistant Vice President                        Mary Dolinick
Assistant Vice President                        Patricia E. Grissom
Assistant Vice President                        Michael A. Hass
Assistant Controller                            James M. Mench
Assistant Controller                            Matthew Reed
Assistant Secretary                             William J. White
Assistant Treasurer                             Alan W. Bieler
Assistant Treasurer                             Paul L. Mastroianni
Assistant Treasurer                             Joseph F. Meyer
Assistant Treasurer                             L. Paul Rose
 
Finally, the stockholders ratified the appointment of Deloitte & Touche LLP 
as independent public accountants for 2002.



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