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SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant /X/
Filed by a Party other than the Registrant / /
Check the appropriate box:
/ / Preliminary Proxy Statement
/ / Definitive Proxy Statement
/X/ Definitive Additional Materials
/ / Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
Merrill Lynch Adjustable Rate Securities Fund, Inc., Merrill Lynch Americas
Income Fund, Inc., Merrill Lynch Basic Value Fund, Inc., Merrill Lynch
Balanced Fund for Investment and Retirement, Merrill Lynch Capital Fund,
Inc., Merrill Lynch California Municipal Bond Fund, Merrill Lynch California
Insured Municipal Bond Fund, Merrill Lynch Corporate Bond Fund, Inc., Merrill
Lynch Developing Capital Markets Fund, Inc., Merrill Lynch Dragon Fund, Inc.,
Merrill Lynch EuroFund, Merrill Lynch Federal Securities Trust, Merrill Lynch
Fundamental Growth Fund, Inc., Merrill Lynch Fund for Tomorrow, Inc., Merrill
Lynch Global Allocation Fund, Inc., Merrill Lynch Global Bond Fund for
Investment and Retirement, Merrill Lynch Global Convertible Fund, Inc.,
Merrill Lynch Global Holdings, Inc., Merrill Lynch Global Resources Trust,
Merrill Lynch Global Utility Fund, Inc., Merrill Lynch Growth Fund for
Investment and Retirement, Merrill Lynch Healthcare Fund, Inc., Merrill Lynch
International Equity Fund, Merrill Lynch Latin America Fund, Inc., Merrill
Lynch Limited Maturity Municipal Series Trust, Merrill Lynch Multi-State
Municipal Series Trust, Merrill Lynch Municipal Bond Fund, Inc., Merrill
Lynch Municipal Intermediate Term Fund, Merrill Lynch Pacific Fund, Inc.,
Merrill Lynch Phoenix Fund, Inc., Merrill Lynch Short-Term Global Income
Fund, Inc., Merrill Lynch Special Value Fund, Inc., Merrill Lynch Strategic
Dividend Fund, Merrill Lynch Technology Fund, Inc., Merrill Lynch Utility
Income Fund, Inc., Merrill Lynch World Income Fund, Inc.
(Name of Registrant as Specified In Its Charter)
Merrill Lynch Adjustable Rate Securities Fund, Inc., Merrill Lynch Americas
Income Fund, Inc., Merrill Lynch Basic Value Fund, Inc., Merrill Lynch
Balanced Fund for Investment and Retirement, Merrill Lynch Capital Fund,
Inc., Merrill Lynch California Municipal Bond Fund, Merrill Lynch California
Insured Municipal Bond Fund, Merrill Lynch Corporate Bond Fund, Inc., Merrill
Lynch Developing Capital Markets Fund, Inc., Merrill Lynch Dragon Fund, Inc.,
Merrill Lynch EuroFund, Merrill Lynch Federal Securities Trust, Merrill Lynch
Fundamental Growth Fund, Inc., Merrill Lynch Fund for Tomorrow, Inc., Merrill
Lynch Global Allocation Fund, Inc., Merrill Lynch Global Bond Fund for
Investment and Retirement, Merrill Lynch Global Convertible Fund, Inc.,
Merrill Lynch Global Holdings, Inc., Merrill Lynch Global Resources Trust,
Merrill Lynch Global Utility Fund, Inc., Merrill Lynch Growth Fund for
Investment and Retirement, Merrill Lynch Healthcare Fund, Inc., Merrill Lynch
International Equity Fund, Merrill Lynch Latin America Fund, Inc., Merrill
Lynch Limited Maturity Municipal Series Trust, Merrill Lynch Multi-State
Municipal Series Trust, Merrill Lynch Municipal Bond Fund, Inc., Merrill
Lynch Municipal Intermediate Term Fund, Merrill Lynch Pacific Fund, Inc.,
Merrill Lynch Phoenix Fund, Inc., Merrill Lynch Short-Term Global Income
Fund, Inc., Merrill Lynch Special Value Fund, Inc., Merrill Lynch Strategic
Dividend Fund, Merrill Lynch Technology Fund, Inc., Merrill Lynch Utility
Income Fund, Inc., Merrill Lynch World Income Fund, Inc.
800 Scudders Mill Road
Plainsboro, New Jersey 08536
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(Name of Person(s) Filing Proxy Statement)
Payment of Filing Fee (Check the appropriate box):
/X/ $125 per Exchange Act Rules 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2).*
/ / $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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1) Title of each class of securities to which transaction applies:
_______________________________________________________________
2) Aggregate number of securities to which transaction applies:
______________________________________________________________
3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11:/F1/
______________________________________________________________
4) Proposed maximum aggregate value of transaction:
______________________________________________________________
/ / Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the form or schedule and the date of its filing.
1) Amount Previously Paid:
______________________________________________________________
2) Form, Schedule or Registration Statement No.:
_________________________________________________________________
3) Filing Party:
_________________________________________________________________
4) Date Filed:
_________________________________________________________________
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* $125 per Investment Company Act Rule 20a-1(c) was previously paid for
each of the registrants in connection with the filing of preliminary proxy
statements.
/F1/ Set forth the amount on which the filing fee is calculated and state how
it was determined.
2
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IMPORTANT NOTICE TO SHAREHOLDERS OF FUNDS
IN THE MERRILL LYNCH FAMILY OF FUNDS
PLEASE SIGN, DATE AND RETURN YOUR PROXY CARD
YOUR VOTE IS IMPORTANT
Dear Merrill Lynch Mutual Fund Shareholder:
As indicated on the enclosed proxy card, you hold shares of one or more
mutual funds (each a "Fund") in the Merrill Lynch Family of Funds. We are
writing to ask your help in approving a proposal which is contained in the
proxy statement dated August 12, 1994 that you received some time ago. This
proposal concerns the recommendation to amend the fundamental investment
restrictions of the Fund.
For this proposal to be considered, responses (for, against, or
abstaining on the proposal) need to be received from a majority of the Fund's
outstanding shares. To date we have not received the necessary response, and
as a result do not have a quorum for the consideration of this issue. We
believe adoption of this proposal would benefit the Fund. Therefore, we are
writing not merely to ask you to vote, but to ask that you vote in favor of
the proposal.
The Fund's investment adviser believes adoption of the proposal to amend
the Fund's fundamental investment restrictions would enhance the Fund's
flexibility. Changes in fundamental investment restrictions must be approved
by the Fund's shareholders, whereas non-fundamental investment restrictions
may be amended by the Fund's Board of Directors. The proposed fundamental
investment restrictions would be more general than the existing restrictions,
allowing some restrictions which are presently fundamental to become non-
fundamental, or allowing certain activities to be conducted "to the extent
permitted by applicable law" rather than to a specified percentage of the
Fund's assets, which then could be changed only by vote of a majority of the
Fund's outstanding shares. We believe the resultant ability to deal with
changes in the law or the investment environment without the substantial
expenditure of time and money necessitated by a shareholder meeting will be
of benefit to the Fund and its shareholders.
We have enclosed a proxy card and a return envelope and would very much
appreciate your taking a few minutes to vote your shares, sign, date and
return your proxy (please note that the proposals referred to on the proxy
card relating to the election of Board members, the selection of independent
accountants, and implementation of the Merrill Lynch Select Pricing(Service
Mark) System have already been approved by the Fund's shareholders; no vote
is needed on those matters). Although we believe, for the reasons stated
above and in the proxy statement previously sent to you, that this proposal
merits a vote in its favor, we urge you to vote and exercise your rights as a
shareholder, even if you are compelled to vote against this proposal. Thank
you in advance for your help in enabling your Fund to resolve this important
matter.
THE MERRILL LYNCH FAMILY OF FUNDS
November 3, 1994
