MMC DECLARES QUARTERLY DIVIDEND Zachary W. Carter to Be Nominated for Election to the Company's Board Of Directors	PDF of Press Release

NEW YORK, NEW YORK, March 18, 2004 -- At its meeting held today, the Board of Directors of Marsh & McLennan Companies, Inc. (MMC) declared a quarterly dividend of $.31 per share on outstanding common stock, payable on May 14, 2004 to shareholders of record on April 8, 2004. Also at the meeting, the board approved the addition of Zachary W. Carter to the slate of nominees for the Board of Directors of MMC, it was announced by Jeffrey W. Greenberg, chairman and chief executive officer. MMC shareholders will be asked to elect Mr. Carter to the board at the company's annual meeting on May 20, 2004.

Mr. Greenberg said, "Mr. Carter was identified and recommended to us by several MMC shareholders. We are delighted that they brought Mr. Carter to our attention, and we are pleased to nominate such a highly qualified individual to join the company's board."

Mr. Carter, 54, has been a partner at the law firm of Dorsey & Whitney LLP since 1999. Prior to that he served as United States Attorney for the Eastern District of New York (1993-1999), United States Magistrate Judge for the Eastern District of New York (1991-1993), Judge of the Criminal Court of the City of New York (1987-1991), and Executive Assistant District Attorney, Kings County District Attorney's Office, Brooklyn, New York (1982-1987).

Mr. Carter is chairman of the Mayor's Advisory Committee on the Judiciary, chairman of the Board of Directors of the Hale House Center, Inc., and a member of the Board of Trustees of New York University School of Law.

Mr. Carter received his B.A. degree from Cornell University in 1972 and his J.D. degree from New York University School of Law in 1975.

MMC is a global professional services firm with annual revenues exceeding $11 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 Inc., a major global provider of consulting services. Approximately 60,000 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.