Dividend Declaration-Replacmt

Marsh & McLennan Co Inc
21 September 2000


The issuer has made the following amendment to the 'Dividend Declaration'
announcement released today at 17:10 under RNS No 3482R.

The board of directors of Marsh & McLennan Companies, Inc. (MMC) today declared
a quarterly dividend of $.50 per share on outstanding common stock and not $.050
as previously stated.


All other details remain unchanged.

The full corrected version is shown below.


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

NEW YORK, NEW YORK, September 21, 2000 - The board of directors of Marsh &
McLennan Companies, Inc. (MMC) today declared a quarterly dividend of $.50
per share on outstanding common stock, payable on November 15, 2000 to
shareholders of record on October 16, 2000.

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 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
MMC                            Kekst and Company
[phone]                 [phone]