Exhibit 1(a)
CERTIFICATE OF TRUST OF
MASTER U.S. HIGH YIELD TRUST
THIS Certificate of Trust of Master U.S. High Yield Trust (the
"Trust") is being duly executed and filed by the undersigned, as trustees, to
form a business trust under the Delaware Business Trust Act (12 Del. C. ss.3801,
et seq.) (the "Act").
1. Name. The name of the business trust formed hereby is Master U.S.
High Yield Trust.
2. Registered Agent. The business address of the registered office
of the Trust in the State of Delaware is 1209 Orange Street, Wilmington,
Delaware 19801. The name of the Trust's registered agent at such address is The
Corporation Trust Company.
3. Effective Date. This Certificate of Trust shall be effective upon
the date and time of filing.
4. Investment Company. The Trust will be a registered investment
company under the Investment Company Act of 1940, as amended.
IN WITNESS WHEREOF, the undersigned have executed this Certificate
of Trust in accordance with Section 3811(a)(1) of the Act.
_________________________________ ______________________________
Terry K. Glenn, as Trustee Kevin A. Ryan, as Trustee
_________________________________ ______________________________
Ronald W. Forbes, as Trustee Roscoe S. Suddarth, as Trustee
_________________________________ ______________________________
Cynthia A. Montgomery, as Trustee Richard R. West, as Trustee
_________________________________ ______________________________
Charles C. Reilly, as Trustee Arthur Zeikel, as Trustee
______________________________
Edward D. Zinbarg, as Trustee
