Dividend Declaration

Marsh & McLennan Co Inc
16 November 2000


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

NEW YORK, NEW YORK, November 16, 2000 - The board of directors of Marsh &
McLennan Companies, Inc. (MMC) today declared a quarterly dividend of $0.50
per share on outstanding common stock, payable on February 14, 2001 to
shareholders of record on January 8, 2001.

MMC is a global professional services firm with annual revenues exceeding $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 55,000 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.


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