United States Securities and Exchange Commission
Washington, D.C. 20549
  Statement of Changes in Beneficial Ownership

FORM 4
      
OMB APPROVAL
/x/ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
(Print or Type Responses)		   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(f) of the Investment Company Act of 1940		   OMB Number:3235-0287
Expires: September 30, 1998
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Hours Per Response 0.5

1. Name and Address of Reporting Person*
    
Rossi, Mark A.
   2. Issuer Name AND Ticker or Trading Symbol
Merrill Corporation (MRLL)
   6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(Last)(First)(Middle)
250 South Wacker Drive Suite 400
(Street)		   3. IRS or Social Security
Number of Reporting
Person (Voluntary)		   4. Statement for Month/Year
11/1999
   / / Director
/x/ Officer (give title below)		   / / 10% Owner
/ / Other (specify below)
Chicago, IL 60606
(City)(State)(Zip)		       5. If Amendment, Date of Original (Month/Year)   President, Investment Company Services
7. Individual or Joint/Group Filing (Check Applicable Line)
/x/ Form filed by One Reporting Person
/ / Form filed by More than One
   Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

 
  
   3. Transaction Code (Instr. 8)
   4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
    
    
   7. Nature of Indirect Beneficial Ownership (Instr. 4)
 
  
    
   6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
1. Title of Security (Instr. 3)
 2. Transaction Date (Month/Day/Year)
   5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
  Code    V
   Amount
   (A) or (D)
   Price
 
Common Stock		  
11-23-99		  
 		  
D        		  
 		  
45,300		  
 		  
D		  
 		  
$		  
22.00		  
 		  
0		  
 		  
D		  
 		  
 
                                 
                                 
                                 
                                 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

*
If the form is filed by more than one reporting person, SEE Instruction 4(b)(v).

(Over)
SEC 1474 (7-96)

Form 4 (Continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., Puts, Calls, Warrants, Options, Convertible Securities)

 
    
    
    
    
    
   6. Date Exercisable and Expiration Date (Month/Day/Year)
 
   2. Conversion or Exercise Price of Derivative Security
    
   4. Transaction Code (Instr. 8)
   5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
1. Title of Derivative Security (Instr. 3)
   3. Transaction Date (Month/Day/Year)
   Date Exercisable
   Expiration Date
  Code V
   (A)
   (D)
 
Employee Stock Option
(Right to Buy)		  
 		  
$		  
8.6875		  
 		  
11-23-99		  
 		  
D		  
 		  
 		  
 		  
2,000		  
 		  
 		  
 		  
3-15-2000
 
Employee Stock Option
(Right to Buy)		  
 		  
$		  
8.125		  
 		  
11-23-99		  
 		  
D		  
 		  
 		  
 		  
16,000		  
 		  
 		  
 		  
4-10-2002
 
Employee Stock Option
(Right to Buy)		  
 		  
$		  
8.125		  
 		  
11-23-99		  
 		  
D		  
 		  
 		  
 		  
16,500		  
 		  
 		  
 		  
3-25-2003
 
Employee Stock Option
(Right to Buy)		  
 		  
$		  
11.6875		  
 		  
11-23-99		  
 		  
D		  
 		  
 		  
 		  
19,200		  
 		  
 		  
 		  
4-23-2002
 
Employee Stock Option
(Right to Buy)		  
 		  
$		  
21.375		  
 		  
11-23-99		  
 		  
D		  
 		  
 		  
 		  
16,000		  
 		  
 		  
 		  
5-28-2003
                               
                               
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
    
    
    
    
   
    
   10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
    
Title
   Amount or Number of Shares
   8. Price of Derivative Security (Instr. 5)
   9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)
   11. Nature of Indirect Beneficial Ownership (Instr. 4)
 
Common Stock		  
 		  
2,000		  
 		  
$		  
13.3125		  
 		  
0		  
 		  
D		  
 		  
 
 
Common Stock		  
 		  
16,000		  
 		  
$		  
13.875		  
 		  
0		  
 		  
D		  
 		  
 
 
Common Stock		  
 		  
16,500		  
 		  
$		  
13.875		  
 		  
0		  
 		  
D		  
 		  
 
 
Common Stock		  
 		  
19,200		  
 		  
$		  
10.3125		  
 		  
0		  
 		  
D		  
 		  
 
 
Common Stock		  
 		  
16,000		  
 		  
$		  
0.625		  
 		  
0		  
 		  
D		  
 		  
 
                       

Explanation of Responses:

(1)
Adjusted to reflect a 2-for-1 stock split in the form of a 100% stock dividend October 15, 1997.

    /s/ Mark A. Rossi
   12-10-99
    **Signature of Reporting Person   Date
**
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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SEC 1474 (7-96)