Change to Board of Directors

Marsh & McLennan Co Inc
7 June 2000


SVEN KADO TO HEAD MMC GERMANY
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NEW YORK, NEW YORK, June 7, 2000 - Marsh & McLennan Companies, Inc. (MMC) has
appointed Sven Kado chairman of MMC Germany.

Mr. Kado's principal responsibility will be to work with the leaders of MMC's
operating subsidiaries in Germany--Marsh GmbH, William M. Mercer GmbH and
Mercer Management Consulting GmbH--to co-ordinate business development and
enhance service to clients. He will report to Mathis Cabiallavetta, vice
chairman of MMC and chairman of MMC Europe.

Mr. Kado, 55, has held a succession of senior financial positions at major
companies in Germany, most recently serving as senior advisor to the Principal
Finance Group of Nomura in London.  Prior to joining Nomura he held the post
of chief financial officer at Dyckerhoff AG, the construction materials
company based in Wiesbaden, Germany.  Earlier, while serving as chief
financial officer of Nixdorf Computer AG, Mr. Kado oversaw the company's stock
market flotation in what was then Germany's largest ever initial public
offering.

Mr. Cabiallavetta said, 'MMC has a well established presence in Germany
through Marsh (formerly Gradmann & Holler) and the companies of the Mercer
Consulting Group.  I am delighted that Sven is joining MMC to lead our efforts
to develop the very considerable growth potential that we see for our
businesses in Germany.'

Mr. Kado is a graduate of the University of Cologne and INSEAD.  He was
educated in Germany, the United States and France and is fluent in German,
English, French and Spanish.

MMC is a global professional services firm with annual revenues exceeding $9
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. 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 details please contact:


William Pitt             Jim Fingeroth
MMC                      Kekst and Company
[phone]           [phone]