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 U.S. HIGH YIELD TRUST        Address of Principal Business Office                           (No. & Street, City, State, and Zip Code):

800 Scudders Mill Road Plainsboro, New Jersey 08536

(888) 763-2260 Telephone Number (including area code):

Name and Address of Agent for Service of Process:

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

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 :

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 City of Plainsboro, and State of New Jersey on the 14th day of July, 2000.

Signature:

MASTER U.S. HIGH YIELD TRUST

By: /s/ Terry K. Glenn                                                     (Name of director, trustee or officer       signing on behalf of Registrant)

Attest:                                                                            (Name)

 

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