Dividend Declaration

Marsh & McLennan Co Inc
21 March 2002

( BW)(NY-MARSH-&-MCLENNAN)(MMC) MMC Declares Quarterly Dividend



    Business Editors



    NEW YORK--(BUSINESS WIRE)--March 21, 2002--The board of directors

of Marsh & McLennan Companies, Inc. (MMC) today declared a quarterly

dividend of $.53 per share on outstanding common stock, payable on May

15, 2002 to shareholders of record on April 9, 2002.

    MMC is a global professional services firm with annual revenues of

$10 billion. It is the parent company of Marsh Inc., the world's

leading risk and insurance services firm; Putnam Investments, one of

the largest investment management companies in the United States; and

Mercer Consulting Group, a major global provider of consulting

services. Approximately 58,000 employees provide analysis, advice and

transactional capabilities to clients in over 100 countries. Its stock

(ticker symbol: MMC) is listed on the New York, Chicago, Pacific and

London stock exchanges. MMC's website address is www.mmc.com.



    --30--rc/ny*



    CONTACT: MMC

             Barbara Perlmutter, 212/345-5585

             or

             Kekst and Company

             Jim Fingeroth, 212/521-4819







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