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EXHIBIT 10
INDEPENDENT AUDITORS' CONSENT
Mercury Small Cap Value Fund, Inc.:
We consent to the use in Pre-Effective Amendment No. 2 to Registration Statement
No. 333-38070 on Form N-1A of our report dated August 14, 2000 to the Board of
Directors and Shareholder of Mercury Small Cap Value Fund, Inc., our report
dated July 19, 2000 to the Board of Trustees and Investors of Master Small Cap
Value Trust and to the reference to us under the caption "Independent Auditors"
in the Statement of Additional Information, all of which appear in the Statement
of Additional Information, which is a part of such Registration Statement.
/s/ Deloitte & Touche LLP
Princeton, New Jersey
August 29, 2000
