MERRILL LYNCH REAL ESTATE FUND INC
NSAR-A, 1999-07-27
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SIGNATURE   DONALD C. BURKE
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001043433
<NAME> MERRILL LYNCH REAL ESTATE FUND, INC.
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A

<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001043433
<NAME> MERRILL LYNCH REAL ESTATE FUND, INC.
<SERIES>
   <NUMBER> 002
   <NAME> CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001043433
<NAME> MERRILL LYNCH REAL ESTATE FUND, INC.
<SERIES>
   <NUMBER> 003
   <NAME> CLASS C

<S>                             <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001043433
<NAME> MERRILL LYNCH REAL ESTATE FUND, INC.
<SERIES>
   <NUMBER> 004
   <NAME> CLASS D

<S>                             <C>
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[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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