<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0001007483
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MERRILL LYNCH GLOBAL VALUE FUND, INC.
001 B000000 811-6180
001 C000000 6092822800
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 MERRILL LYNCH ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-11583
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
008 A000002 MERRILL LYNCH ASSET MANAGEMENT U.K., LTD.
008 B000002 S
008 C000002 801-31780
008 D010002 LONDON
008 D050002 ENGLAND
008 D060002 EC24 9LY
011 A000001 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B000001 8-14663
011 C010001 PRINCETON
011 C020001 NJ
011 C030001 08543
<PAGE> PAGE 2
011 C040001 9011
012 A000001 FINANCIAL DATA SERVICES, INC.
012 B000001 84-01339
012 C010001 JACKSONVILLE
012 C020001 FL
012 C030001 32246
012 C040001 6484
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
015 A000002 NATIONAL AUSTRALIA BANK LTD.
015 B000002 S
015 C010002 MELBOURNE
015 D010002 AUSTRALIA
015 E040002 X
015 A000003 AUSTRACLEAR
015 B000003 S
015 C010003 AUSTRALIA
015 D010003 AUSTRALIA
015 E040003 X
015 A000004 DEN DANSKE BANK
015 B000004 S
015 C010004 DENMARK
015 D010004 DENMARK
015 E040004 X
015 A000005 BANK OF CANADA
015 B000005 S
015 C010005 CANADA
015 D010005 CANADA
015 E040005 X
015 A000006 RESERVE BANK OF AUSTRALIA
015 B000006 S
015 C010006 AUSTRALIA
015 D010006 AUSTRALIA
015 E040006 X
015 A000007 UBS AG
015 B000007 S
015 C010007 SWITZERLAND
015 D010007 SWITZERLAND
015 E040007 X
015 A000008 VP
015 B000008 S
<PAGE> PAGE 3
015 C010008 DENMARK
015 D010008 DENMARK
015 E040008 X
015 A000009 CRESTCO.
015 B000009 S
015 C010009 UNITED KINGDOM
015 D010009 UNITED KINGDOM
015 E040009 X
015 A000010 BANCA COMMERCIALE ITALIANA
015 B000010 S
015 C010010 ITALY
015 D010010 ITALY
015 E040010 X
015 A000011 BANCA D'ITALIA
015 B000011 S
015 C010011 ITALY
015 D010011 ITALY
015 E040011 X
015 A000012 MONTE TITOLI
015 B000012 S
015 C010012 ITALY
015 D010012 ITALY
015 E040012 X
015 A000013 BANQUE DE FRANCE
015 B000013 S
015 C010013 FRANCE
015 D010013 FRANCE
015 E040013 X
015 A000014 SICOVAM SA.
015 B000014 S
015 C010014 FRANCE
015 D010014 FRANCE
015 E040014 X
015 A000015 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000015 S
015 C010015 CANADA
015 D010015 CANADA
015 E040015 X
015 A000016 CDS
015 B000016 S
015 C010016 CANADA
015 D010016 CANADA
015 E040016 X
015 A000019 CRESTCO.
015 B000019 S
015 C010019 IRELAND
015 D010019 IRELAND
015 E040019 X
015 A000020 GSO
015 B000020 S
015 C010020 IRELAND
<PAGE> PAGE 4
015 D010020 IRELAND
015 E040020 X
015 A000021 ALLIED IRISH BANKS PLC
015 B000021 S
015 C010021 IRELAND
015 D010021 IRELAND
015 E040021 X
015 A000027 BANQUE PARIBAS
015 B000027 S
015 C010027 FRANCE
015 D010027 FRANCE
015 E040027 X
015 A000028 DELETE
015 A000029 DRESDNER BANK
015 B000029 S
015 C010029 GERMANY
015 D010029 GERMANY
015 E040029 X
015 A000030 DEUTSCHER BOERSE CLEARING
015 B000030 S
015 C010030 GERMANY
015 D010030 GERMANY
015 E040030 X
015 A000042 THE SUMITOMO BANK, LIMITED
015 B000042 S
015 C010042 JAPAN
015 D010042 JAPAN
015 E040042 X
015 A000043 JASDEC
015 B000043 S
015 C010043 JAPAN
015 D010043 JAPAN
015 E040043 X
015 A000044 BANK OF JAPAN
015 B000044 S
015 C010044 JAPAN
015 D010044 JAPAN
015 E040044 X
015 A000052 DELETE
015 A000053 DELETE
015 A000054 DELETE
015 A000076 DELETE
015 A000077 SEGA
015 B000077 S
015 C010077 SWITZERLAND
015 D010077 SWITZERLAND
015 E040077 X
015 A000083 RBS TRUST BANK
015 B000083 S
015 C010083 UNITED KINGDOM
015 D010083 UNITED KINGDOM
<PAGE> PAGE 5
015 E040083 X
015 A000084 CGO
015 B000084 S
015 C010084 UNITED KINGDOM
015 D010084 UNITED KINGDOM
015 E040084 X
015 A000085 CMO
015 B000085 S
015 C010085 UNITED KINGDOM
015 D010085 UNITED KINGDOM
015 E040085 X
015 A000089 THE CHASE MANHATTAN BANK
015 B000089 S
015 C010089 NEW YORK
015 C020089 NY
015 C030089 10017
015 E010089 X
015 A000090 THE BANK OF NEW YORK
015 B000090 S
015 C010090 NEW YORK
015 C020090 NY
015 C030090 10286
015 E010090 X
015 A000091 BANKERS TRUST COMPANY
015 B000091 S
015 C010091 NEW YORK
015 C020091 NY
015 C030091 10006
015 E010091 X
015 A000093 CUSTODIAL TRUST CO.
015 B000093 S
015 C010093 NEW YORK
015 C020093 NY
015 C030093 10167
015 E010093 X
015 A000094 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000094 S
015 C010094 NEW YORK
015 C020094 NY
015 C030094 10260
015 E010094 X
018 000000 Y
019 A000000 Y
019 B000000 212
019 C000000 MERRILLLYN
020 A000001 CREDIT SUISSE FIRST BOSTON CORPORATION
020 B000001 13-5659485
020 C000001 696
020 A000002 DEUTSCHE BANK SECURITIES INC.
020 B000002 13-2730828
020 C000002 472
<PAGE> PAGE 6
020 A000003 MORGAN (J.P.) SECURITIES INC.
020 B000003 13-3224016
020 C000003 433
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004 370
020 A000005 MORGAN STANLEY & CO. INCORPORATED
020 B000005 13-2655998
020 C000005 312
020 A000006 UBS AG WARBURG DILLON READ
020 B000006 13-3340045
020 C000006 287
020 A000007 SMITH BARNEY INC.
020 B000007 13-1912900
020 C000007 233
020 A000008 SCHRODER & CO. INC.
020 B000008 13-2697272
020 C000008 223
020 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000009 13-5674085
020 C000009 194
020 A000010 FOX-PITT, KELTON INCORPORATED
020 C000010 182
021 000000 4401
022 A000001 GENERAL MOTORS ACCEPTANCE CORP.
022 C000001 14721940
022 D000001 0
022 A000002 GENERAL ELECTRIC CAPITAL CORP.
022 C000002 8257456
022 D000002 0
022 A000003 ASSOCIATE CORP. OF NORTH AMERICA
022 C000003 4942322
022 D000003 0
022 A000004 FORD MOTOR CREDIT CO.
022 C000004 2662749
022 D000004 0
022 A000005 CIT GROUP/CAPITAL INVESTMENTS INC. (THE)
022 C000005 785254
022 D000005 0
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006 378653
022 D000006 1934
022 A000007 MORGAN STANLEY & CO. INCORPORATED
022 B000007 13-2655998
022 C000007 173913
022 D000007 0
022 A000008 LEHMAN BROTHERS COMMERCIAL PAPER
022 C000008 171166
022 D000008 0
022 A000009 MORGAN (J.P.) SECURITIES INC.
<PAGE> PAGE 7
022 B000009 13-3224016
022 C000009 128980
022 D000009 0
022 A000010 LEHMAN BROTHERS INC.
022 B000010 13-2518466
022 C000010 55769
022 D000010 0
023 C000000 32389907
023 D000000 59334
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 123519
028 A020000 0
028 A030000 0
028 A040000 30314
028 B010000 79533
028 B020000 0
028 B030000 0
028 B040000 60313
028 C010000 55963
028 C020000 0
028 C030000 0
028 C040000 65407
028 D010000 62055
028 D020000 0
028 D030000 0
028 D040000 52461
028 E010000 82532
028 E020000 156755
028 E030000 0
028 E040000 33082
028 F010000 118460
028 F020000 0
028 F030000 0
028 F040000 39153
028 G010000 522062
028 G020000 156755
028 G030000 0
028 G040000 280730
028 H000000 55741
029 000000 Y
030 A000000 1021
<PAGE> PAGE 8
030 B000000 5.25
030 C000000 0.00
031 A000000 67
031 B000000 0
032 000000 0
033 000000 954
034 000000 Y
035 000000 3607
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 20579
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.750
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
<PAGE> PAGE 9
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
<PAGE> PAGE 10
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 Y
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1702177
071 B000000 1038940
071 C000000 2312030
071 D000000 45
072 A000000 12
072 B000000 7126
072 C000000 50714
072 D000000 0
072 E000000 0
<PAGE> PAGE 11
072 F000000 18489
072 G000000 114
072 H000000 0
072 I000000 2456
072 J000000 772
072 K000000 0
072 L000000 182
072 M000000 18
072 N000000 344
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 48
072 S000000 51
072 T000000 20579
072 U000000 93
072 V000000 0
072 W000000 32
072 X000000 43178
072 Y000000 0
072 Z000000 14662
072AA000000 285945
072BB000000 12830
072CC010000 224292
072CC020000 0
072DD010000 12176
072DD020000 28949
072EE000000 230560
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 3705
074 B000000 0
074 C000000 124086
074 D000000 0
074 E000000 26284
074 F000000 2851656
074 G000000 0
074 H000000 0
074 I000000 336
074 J000000 15422
074 K000000 0
074 L000000 14018
074 M000000 195
074 N000000 3035702
074 O000000 0
074 P000000 3817
074 Q000000 0
074 R010000 0
074 R020000 0
<PAGE> PAGE 12
074 R030000 41954
074 R040000 8124
074 S000000 0
074 T000000 2981807
074 U010000 46128
074 U020000 172797
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 189054
074 Y000000 0
075 A000000 0
075 B000000 2465257
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 O000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 2100
081 A000000 Y
081 B000000 133
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE GERALD M. RICHARD
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001007483
<NAME> MERRILL LYNCH GLOBAL VALUE FUND, INC.
<SERIES>
<NUMBER> 001
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2555721171
<INVESTMENTS-AT-VALUE> 2960407601
<RECEIVABLES> 29440948
<ASSETS-OTHER> 3899532
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2993748081
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11940785
<TOTAL-LIABILITIES> 11940785
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2503314218
<SHARES-COMMON-STOCK> 14849041
<SHARES-COMMON-PRIOR> 5251108
<ACCUMULATED-NII-CURRENT> 11760176
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 65400469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 401332433
<NET-ASSETS> 202979606
<DIVIDEND-INCOME> 50714661
<INTEREST-INCOME> 7125942
<OTHER-INCOME> 0
<EXPENSES-NET> (43177959)
<NET-INVESTMENT-INCOME> 14662644
<REALIZED-GAINS-CURRENT> 273114836
<APPREC-INCREASE-CURRENT> 224291590
<NET-CHANGE-FROM-OPS> 512069070
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4031587)
<DISTRIBUTIONS-OF-GAINS> (15004582)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11594216
<NUMBER-OF-SHARES-REDEEMED> (2696436)
<SHARES-REINVESTED> 700153
<NET-CHANGE-IN-ASSETS> 1178306876
<ACCUMULATED-NII-PRIOR> 1800224
<ACCUMULATED-GAINS-PRIOR> 59267361
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18489427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43177959
<AVERAGE-NET-ASSETS> 144711302
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> 3.00
<PER-SHARE-DIVIDEND> (.34)
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.67
<EXPENSE-RATIO> .90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001007483
<NAME> MERRILL LYNCH GLOBAL VALUE FUND, INC.
<SERIES>
<NUMBER> 002
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2555721171
<INVESTMENTS-AT-VALUE> 2960407601
<RECEIVABLES> 29440948
<ASSETS-OTHER> 3899532
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2993748081
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11940785
<TOTAL-LIABILITIES> 11940785
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2503314218
<SHARES-COMMON-STOCK> 146115764
<SHARES-COMMON-PRIOR> 104624133
<ACCUMULATED-NII-CURRENT> 11760176
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 65400469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 401332433
<NET-ASSETS> 1988580348
<DIVIDEND-INCOME> 50714661
<INTEREST-INCOME> 7125942
<OTHER-INCOME> 0
<EXPENSES-NET> (43177959)
<NET-INVESTMENT-INCOME> 14662644
<REALIZED-GAINS-CURRENT> 273114836
<APPREC-INCREASE-CURRENT> 224291590
<NET-CHANGE-FROM-OPS> 512069070
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (24477182)
<DISTRIBUTIONS-OF-GAINS> (154619783)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52086564
<NUMBER-OF-SHARES-REDEEMED> (22209184)
<SHARES-REINVESTED> 11614251
<NET-CHANGE-IN-ASSETS> 1178306876
<ACCUMULATED-NII-PRIOR> 1800224
<ACCUMULATED-GAINS-PRIOR> 59267361
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18489427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43177959
<AVERAGE-NET-ASSETS> 1661766678
<PER-SHARE-NAV-BEGIN> 11.97
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 2.96
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.61
<EXPENSE-RATIO> 1.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001007483
<NAME> MERRILL LYNCH GLOBAL VALUE FUND, INC.
<SERIES>
<NUMBER> 003
<NAME> CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2555721171
<INVESTMENTS-AT-VALUE> 2960407601
<RECEIVABLES> 29440948
<ASSETS-OTHER> 3899532
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2993748081
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11940785
<TOTAL-LIABILITIES> 11940785
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2503314218
<SHARES-COMMON-STOCK> 26680958
<SHARES-COMMON-PRIOR> 19189181
<ACCUMULATED-NII-CURRENT> 11760176
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 65400469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 401332433
<NET-ASSETS> 363133765
<DIVIDEND-INCOME> 50714661
<INTEREST-INCOME> 7125942
<OTHER-INCOME> 0
<EXPENSES-NET> (43177959)
<NET-INVESTMENT-INCOME> 14662644
<REALIZED-GAINS-CURRENT> 273114836
<APPREC-INCREASE-CURRENT> 224291590
<NET-CHANGE-FROM-OPS> 512069070
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4471324)
<DISTRIBUTIONS-OF-GAINS> (28383994)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10104124
<NUMBER-OF-SHARES-REDEEMED> (4761365)
<SHARES-REINVESTED> 2149018
<NET-CHANGE-IN-ASSETS> 1178306876
<ACCUMULATED-NII-PRIOR> 1800224
<ACCUMULATED-GAINS-PRIOR> 59267361
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18489427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43177959
<AVERAGE-NET-ASSETS> 308612900
<PER-SHARE-NAV-BEGIN> 11.97
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 2.96
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.61
<EXPENSE-RATIO> 1.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001007483
<NAME> MERRILL LYNCH GLOBAL VALUE FUND, INC.
<SERIES>
<NUMBER> 004
<NAME> CLASS D
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 2555721171
<INVESTMENTS-AT-VALUE> 2960407601
<RECEIVABLES> 29440948
<ASSETS-OTHER> 3899532
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2993748081
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11940785
<TOTAL-LIABILITIES> 11940785
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2503314218
<SHARES-COMMON-STOCK> 31279014
<SHARES-COMMON-PRIOR> 21570616
<ACCUMULATED-NII-CURRENT> 11760176
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 65400469
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 401332433
<NET-ASSETS> 427113577
<DIVIDEND-INCOME> 50714661
<INTEREST-INCOME> 7125942
<OTHER-INCOME> 0
<EXPENSES-NET> (43177959)
<NET-INVESTMENT-INCOME> 14662644
<REALIZED-GAINS-CURRENT> 273114836
<APPREC-INCREASE-CURRENT> 224291590
<NET-CHANGE-FROM-OPS> 512069070
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8144298)
<DISTRIBUTIONS-OF-GAINS> (32551670)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13113151
<NUMBER-OF-SHARES-REDEEMED> (6112408)
<SHARES-REINVESTED> 2707655
<NET-CHANGE-IN-ASSETS> 1178306876
<ACCUMULATED-NII-PRIOR> 1800224
<ACCUMULATED-GAINS-PRIOR> 59267361
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18489427
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43177959
<AVERAGE-NET-ASSETS> 350165991
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> .16
<PER-SHARE-GAIN-APPREC> 2.98
<PER-SHARE-DIVIDEND> (.31)
<PER-SHARE-DISTRIBUTIONS> (1.18)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.65
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>