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EXHIBIT 12(a)
CERTIFICATE OF HOLDER OF BENEFICIAL INTERESTS
Merrill Lynch Small Cap Value Fund, Inc., a holder of beneficial
interests in the amount of $100,000, of Master Small Cap Value Trust (the
"Trust"), does hereby confirm to the Trust its representations that it purchased
such shares for investment purposes, with no present intention of redeeming or
reselling any portion thereof.
Merrill Lynch Small Cap Value Fund, Inc.
By: /s/ Donald C. Burke
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Name: Donald C. Burke
Dated: September 1, 2000