MERRILL LYNCH CAPITAL FUND INC
497, 1996-06-14
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                MERRILL LYNCH CAPITAL FUND, INC.

              Supplement dated June 14, 1996 to the
                 Prospectus dated July 27, 1995



     Kurt Schansinger is the portfolio manager and a Vice
President of the Fund.  Mr. Schansinger has been an associate
portfolio manager of the Fund and a Vice President of Merrill
Lynch Asset Management, L.P. since January 1996.  From 1983 to
1995, he was a portfolio manager at Oppenheimer Capital.


Code# 10044-0795ALL-1R



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