June 7, 2000
Via Electronic Filing
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Mr. John Ganley
Division of Investment Management
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Merrill Lynch Insured Equity Funds, Inc.
(File No. 333-00895)
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Dear Mr. Ganley:
We hereby request withdrawal of the Registration Statement of Global
Income Strategies Fund, Inc. (the "Fund") pursuant to Rule 477 under the
Securities Act of 1933, as amended, on Form N-1A. The Registration Statement
was originally filed on February 13, 1996 and has never been declared
effective. The Board of Directors of the Fund has determined not to commence
operations of the Fund, and therefore to abandon the registration of the Fund.
The Fund intends to deregister under the Investment Company Act of 1940,
as amended, by filing for an order declaring that the Fund has ceased to be an
investment company on Form N-8F as soon as practicable.
Any questions or comments regarding this filing should be directed to
Susan Mattisinko at (212) 839-5428 or Ellen W. Harris at (212) 839-5583, both
at the law firm of Brown & Wood LLP.
Very truly yours,
/s/ Ira P. Shapiro
Ira P. Shapiro
Treasurer and Director
cc: Susan Mattisinko
Brown & Wood LLP
