was up 11.8 percent.

For the year ended December 31, 1994, the company reported $371.5 million profit, up $39.1 million over last year's $332.4 million net income.

Revenue rose 8.6 percent to $3.435 billion from $3.163 billion a year earlier.

Earnings per share were up 11.7 percent in 1994 to $5.05 compared to $4.52 a year earlier.

Fourth quarter net income rose 15.3 percent from $62.6 million to $72.2 million while earnings per share were 98 cents, up 16.7 percent from 84 cents, according to Bloomberg business news service.

MMC also reported fourth quarter revenue jumped to $857.4 million, up 10 percent from $779.8 million for the quarter ended December 31, 1993.

MMC is a professional services firm with insurance and reinsurance broking consulting and investment management businesses.

The company's stock is listed on the New York, Chicago, Pacific, and London stock exchanges.

The group has two Bermuda-operating subsidiaries, Marsh & McLennan Management Services (Bermuda) Ltd.(MMMS), and Bowring (Bermuda) Ltd.

"Both our operating subsidiaries are doing well with an increasing number of captives under management and a significant role played by our insurance broking operations,'' said Mr. Andrew Carr, president and CEO of MMMS.