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RULE NO. 424(b)(3)
REGISTRATION NO. 33-80509
ML JWH STRATEGIC ALLOCATION FUND L.P.
SUPPLEMENT DATED JULY 26, 1996 TO
THE PROSPECTUS DATED APRIL 25, 1996
ML JWH Strategic Allocation Fund L.P. (the "Fund") commenced trading on
July 15, 1996, with $102,000,000 of capital, of which $100,516,800 represented
Units which were issued to Limited Partners, and the remainder Merrill Lynch
Investment Partners Inc.'s general partner interest. John W. Henry & Company,
Inc. ("JWH"), the Fund's Trading Advisor, which changed its name from John W.
Henry & Co., Inc. on May 17, 1996, initially allocated the Fund's assets to JWH
Trading Programs as follows:
Original Investment Program 25%
Financial and Metals Portfolio 20%
Global Financial Portfolio 20%
G-7 Currency Portfolio 15%
Global Diversified Portfolio 10%
Dollar Program 5%
Worldwide Bond Program 5%
