MERCURY TARGET SELECT EQUITY FUND INC
N-1A/A, EX-14.(B), 2000-11-21
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                                                                   Exhibit 14(b)

                                POWER OF ATTORNEY
                                -----------------

      The  undersigned  Directors  and officers of Mercury  Target Select Equity
Fund, Inc. (the "Corporation") hereby authorize Jeffrey M. Peek, Terry K. Glenn,
Robert E. Putney,  III, Stephen M.M. Miller and Donald C. Burke, or any of them,
as  attorney-in-fact,  to sign on his or her behalf in the capacities  indicated
any Registration  Statement or amendment  thereto  (including  pre-effective and
post-effective  amendments) for the Corporation,  or any series thereof,  and to
file the same,  with all  exhibits  thereto,  with the  Securities  and Exchange
Commission.

Dated: October 12, 2000

  /s/ Jeffrey M. Peek                               /s/ James T. Flynn
-------------------------------------           --------------------------------
Jeffrey M. Peek, Director and                      James T. Flynn, Director
President/Principal Executive Officer

  /s/ Terry K. Glenn                               /s/ W. Carl Kester
------------------------------------           --------------------------------
Terry K. Glenn, Director and                       W. Carl Kester, Director
Executive Vice President

  /s/ David O. Beim                                /s/ Karen P. Robards
-------------------------------------           --------------------------------
David O. Beim, Director                            Karen P. Robards, Director

  /s/ Donald C. Burke
-------------------------------------
Donald C. Burke, Treasurer/Principal
Accounting Officer and Vice President



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