MASTER SMALL CAP VALUE TRUST
N-8A, 2000-09-01
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<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C.

                                   FORM N-8A

                         NOTIFICATION OF REGISTRATION
                       FILED PURSUANT TO SECTION 8(a) OF
                      THE INVESTMENT COMPANY ACT OF 1940

            The undersigned investment company hereby notifies the Securities
            and Exchange Commission that it registers under and pursuant to the
            provisions of Section 8(a) of the Investment Company Act of 1940,
            and in connection with such Notification of Registration submits the
            following information:

     Name:  MASTER SMALL CAP VALUE TRUST

     Address of Principal Business Office (No. & Street, City, State, and Zip
     Code):

             800 Scudders Mill Road
             Plainsboro, New Jersey  08536

     Telephone Number (including area code):  (609) 282-2000

     Name and Address of Agent for Service of Process:

             Terry K. Glenn
             800 Scudders Mill Road
             Plainsboro, New Jersey  08536

             Mailing Address:
             P.O. Box 9011
             Princeton, New Jersey  08543-9011

     Check Appropriate Box:

             Registrant is filing a Registration Statement pursuant to Section
          8(b) of the Investment Company Act of 1940 concurrently with the
          filing of Form N-8A:

             YES  [X]                    NO  [ ]
<PAGE>

                                   SIGNATURES


     Pursuant to the requirements of the Investment Company Act of 1940, the
     Registrant has caused this Notification of Registration to be duly signed
     on its behalf in the Township of Plainsboro, and State of New Jersey on the
     31th day of August, 2000.

     Signature:

                            MASTER SMALL CAP VALUE TRUST


                            By:/s/ Terry K. Glenn
                               ----------------------------------------
                                   Terry K. Glenn (President)




     Attest:


     By: /s/ Thomas D. Jones, III
         ----------------------------------------
             Thomas D. Jones, III (Secretary)


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