Senior Appointment

Marsh & McLennan Co Inc
20 December 1999



                  MMC NAMES SANDRA WIJNBERG
           SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
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NEW YORK, NEW YORK, December 20, 1999 - Marsh & McLennan Companies (MMC)
announced today that Sandra S. Wijnberg will join the company as senior vice
president and chief financial officer in January 2000.  Ms. Wijnberg succeeds
Frank J. Borelli who will retire from the company next September when he turns
65, which is customary for MMC senior executives.

Ms. Wijnberg will report to J. W. Greenberg, president and chief executive
officer of MMC.  During the transition period, Mr. Borelli, who joined MMC in
1984, will work with Mr. Greenberg on business and financial activities and
with MMC's operating companies in client development.

Ms. Wijnberg, 43, has been senior vice president and treasurer of Tricon
Global Restaurants, Inc. since the $9 billion company was spun off from
PepsiCo in 1997.  Most recently she had the additional responsibilities of
interim chief financial officer.  Prior to that, Ms. Wijnberg spent three
years with PepsiCo, last serving as senior vice president and chief financial
officer of its KFC Corporation division.  Before joining PepsiCo, she spent
nine years in investment banking at Morgan Stanley & Co. Incorporated.

Ms. Wijnberg holds a B.A. in English literature from University of California,
Los Angeles.  She earned an MBA, from the University of Southern California,
Los Angeles.

Mr. Greenberg said, 'We are pleased to welcome Sandra Wijnberg to MMC's senior
management team.  Sandra has distinguished herself through her financial
leadership, management track record and impressive professional
accomplishments.  Her valuable experience and strategic perspective in
corporate finance will be a great advantage to us.'

Ms. Wijnberg commented, 'I am delighted to be joining MMC.  I look forward to
being part of a truly exceptional senior management team committed to
continued superior long-term growth.'

Mr. Greenberg added, 'Frank Borelli is an outstanding executive who has helped
make MMC financially stronger than ever.  He will continue to make an
important contribution to MMC and its businesses over the next year.'

In addition to overseeing the financial strategy and operations of the company
over the last 15 years, Mr. Borelli has held leadership positions in several
distinguished financial industry organizations.  He is past national chairman
and a director of the Financial Executives Institute, vice chairman and
director of the Private Sector Council and a member of the Blue Ribbon
Committee on Improving the Effectiveness of Corporate Audit Committees.

MMC is a global professional services firm with annual revenues of
approximately $9 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:

Barbara Perlmutter              Caroline Gentile
Marsh & McLennan Cos.           Kekst and Company
[phone]                  212) 521-4883