Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Nadler David A
2. Date of Event Requiring Statement (Month/Day/Year)
01/17/2007
3. Issuer Name and Ticker or Trading Symbol
MARSH & MCLENNAN COMPANIES, INC. [MMC]
(Last)
(First)
(Middle)
1166 AVENUE OF THE AMERICAS
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice Chairman, Office of CEO
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10036
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 84,915.6949 (1)
D
 
Common Stock 6.543
I
Stock Investment Plan 401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stk. Units -SISP   (2)   (2) Common Stock 4,881.166 $ 0 D  
Stock Options (Right to buy) 03/17/2008 03/16/2014 Common Stock 3,691 $ 27.86 D  
Stock Options (Right to buy) 07/01/2007 03/19/2013 Common Stock 35,000 $ 27.86 D  
Stock Options (Right to buy) 07/01/2007 03/16/2014 Common Stock 11,071 $ 27.86 D  
Stock Options (Right to buy) 07/01/2007 03/20/2012 Common Stock 19,445 $ 27.86 D  
Stock Options (Right to buy) 07/01/2007 03/14/2011 Common Stock 11,112 $ 27.86 D  
Stock Options (Right to buy)   (3) 03/14/2016 Common Stock 15,000 $ 30.215 D  
Stock Options (Right to buy)   (4) 03/15/2015 Common Stock 70,000 $ 30.505 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nadler David A
1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
      Vice Chairman, Office of CEO  

Signatures

David A. Nadler 01/29/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(3) These options vest in four equal annual installments on March 16th of 2006, 2007, 2008, and 2009. These options become exercisable only if, after they are vested, the price of MMC common stock is at least 15% higher than the exercise price of the options for ten consecutive trading days.
(4) These options vest in four equal annual installments on March 15th of 2007, 2008, 2009, and 2010. These options become exercisable only if, after they are vested, the price of MMC common stock is at least 15% higher than the exercise price of the options for ten consecutive trading days.
(2) Not Applicable
(1) Includes 48,400 shares of restricted stock.

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