MERCURY ASSET MANAGEMENT FUNDS INC
497, 2000-10-13
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                        Mercury Pan-European Growth Fund
                             of Mercury Funds, Inc.

                    Supplement dated October 13, 2000 to the
                       Prospectus dated September 13, 2000


Olivier  Rudigoz  has  replaced  Andreas  Utermann  as  the  senior  investment
professional  primarily  responsible  for the day-to-day management of the Fund.
Mr.  Utermann  will  remain a senior investment professional in the Pan-European
Growth  Team  assisting  Mr.  Rudigoz  with  the  management  of  the  Fund.







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