Exhibit 12
CERTIFICATE OF SOLE SHAREHOLDER
Fund Asset Management, LP, the holder of the shares of common stock
indicated below, par value $0.0001 per share, of Mercury Target Select Equity
Fund, Inc., a Maryland Corporation (the "Corporation"), does hereby confirm to
the Corporation its representation that it purchased such shares for investment
purposes, with no present intention of redeeming or reselling any portion
thereof.
FUND ASSET MANAGEMENT, LP
By: PRINCETON SERVICES, INC.
GENERAL PARTNER
By: /s/ Terry K. Glenn
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Dated: November 1, 2000
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Mercury Target Select Equity Fund, Inc.
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Number of Class I Number of Class A Number of Class B Number of Class C
Shares Shares Shares Shares
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2,500 2,500 2,500 2,500
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