Dividend Declaration, etc

Marsh & McLennan Co Inc
18 November 1999

MARSH & McLENNAN COMPANIES
DECLARES QUARTERLY DIVIDEND
===========================

NEW YORK, NEW YORK, November 18, 1999 -- The board of directors of Marsh &
McLennan Companies, Inc. (MMC) today declared a quarterly dividend of $.45 per
share on outstanding common stock, payable on February 14, 2000, to
shareholders of record on January 10, 2000.

MMC is a global professional services firm with annual revenues exceeding $7
billion.  It is the parent company of Marsh, 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.  More than 50,000 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 Web site address is www.mmc.com.


For further information please contact:

William Pitt                        Jim Fingeroth
Marsh & McLennan Companies          Kekst and Company
[phone]                      [phone]