Exhibit 1(b)
ARTICLES OF AMENDMENT
Merrill Lynch Corporate High Yield Fund, Inc., a Maryland corporation
having its principal office in the State of Maryland at 300 East Lombard Street,
Baltimore, Maryland (hereinafter called the "Corporation"), hereby certifies to
the State Department of Assessments and Taxation of Maryland that:
FIRST: The charter of the Corporation is hereby amended by striking
Article I of the Articles of Incorporation and inserting in lieu thereof the
following:
"The name of the corporation is Merrill Lynch U.S. High Yield Fund,
Inc." (the 'Corporation').
SECOND: The Corporation is registered as an open-end investment company
under the Investment Company Act of 1940, as amended.
THIRD: These Articles of Amendment were approved by at least a majority of
the entire Board of Directors of the Corporation and are limited to changes
expressly permitted by Section 2-605 of subtitle 6 of Title 2 of the Maryland
General Corporation Law to be made without the affirmative vote of the
stockholders of the Corporation.
The President acknowledges these Articles of Amendment to be the corporate
act of the Corporation and states that to the best of such officer's knowledge,
information and belief the matters and facts set forth in these Articles with
respect to the authorization and approval of the amendment of the Corporation's
charter are true in all material respects, and that this statement is made under
the penalties of perjury.
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IN WITNESS WHEREOF, Merrill Lynch Corporate High Yield Fund, Inc. has
caused this instrument to be signed in its name and on its behalf by its
President, and witnessed by Phillip S. Gillespie, Director, Merrill Lynch Asset
Management, L.P., on the 12th day of May, 2000.
MERRILL LYNCH CORPORATE HIGH YIELD
FUND, INC.
By: /s/ Terry K. Glenn
-------------------------------------
Terry K. Glenn, President
WITNESS:
/s/ Phillip S. Gillespie
---------------------------------
Phillip S. Gillespie, Director
Merrill Lynch Asset Management, L.P.
