MERCURY ASSET MANAGEMENT FUNDS INC
497, 2000-10-13
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                           Mercury Select Growth Fund
                                       of
                               MERCURY FUNDS, INC.

                    Supplement dated October 13, 2000 to the
                         Prospectus dated June 14, 2000


     The  Fund  has  changed  one  of  its  non-fundamental investment policies.
Accordingly,  its  Prospectus  dated  June  14,  2000  is  amended,  effective
immediately,  as  follows:

     On  page  9,  2nd  paragraph, the 3rd sentence has been deleted and the 4th
sentence  has  been  revised  to  read:

     The  Fund may invest in any security up to the greater of 5% of Fund assets
or  1  1/2  times its  weight  in  the  Russell  Top  200  Growth  Index.


     In  addition,  on  September  8, 2000, Mercury Asset Management Funds, Inc.
changed  its  name  to  Mercury  Funds,  Inc.














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