Joe Root and Eoin Morgan put on 198 for the third wicket to set up the win. Source: DailyTelegraph.com.au

Joe Root and Eoin Morgan have blasted centuries in the fourth ODI against New Zealand in a record run chase at Trent Bridge on Wednesday.

New Zealand won the toss and elected to bat first, posting what many thought would be a match winning score of 7-349 off their allotted 50 overs.

Martin Guptill and Brendon McCullum got the tourists off to a lighting start for an 88 run opening stand, before McCullum was caught by Butler off the bowling of Wood for 35 off 31 balls.

Kane Williamson was the star of the show for the Black Caps again though, with 90 off just 70 balls. His innings included 12 fours and one six, as he was aided by cameos from Taylor (42), Elliott (55 not out) and Santner (44).

Despite the formidable total, the new and reinvigorated English outfit made it looks easy from the start.

Hales and Roy enjoyed a 100 run opening stand off just 10 overs, with Hales the first to go on 67 off just 38 balls, hitting seven fours and four sixes.

After two relatively quick wickets to make the score 2-111 after Henry grabbed the wicket of Roy, the New Zealand bowlers may have hoped for some relief from the belting they were receiving.

But it only got worse, with Root and Morgan picking up where the opening pair left off.

Morgan (113 off 82) and Root (106 not out off 97), the two most inform batsmen off the series, shared a 198 run third wicket partnership in less than 27 overs to set up the win.

Ben Stokes then chimed in with 19 off 12 balls to finish off the innings with Root.

Wheeler (8 overs, 0-75), Southee (10 overs, 1-70) and Henry (10 overs, 2-77) bore the brunt of the damage for New Zealand.

The hosts remarkably chased down the mammoth total of 350 runs in just 44 overs.

It was the biggest successful run chase in England's ODI history, and the first time they have posted four 300 plus totals in a row.

The series is now level at 2-2, with the fifth and deciding match to be played at Durham on Saturday.