MERRILL LYNCH
PACIFIC FUND, INC.
FUND LOGO
Quarterly Report
March 31, 1998
This report is not authorized for use as an offer of sale or a
solicitation of an offer to buy shares of the Fund unless
accompanied or preceded by the Fund's current prospectus. Past
performance results shown in this report should not be considered a
representation of future performance. Investment return and
principal value of shares will fluctuate so that shares, when
redeemed, may be worth more or less than their original cost.
Statements and other information herein are as dated and are subject
to change.
Merrill Lynch
Pacific Fund, Inc.
Box 9011
Princeton, NJ
08543-9011
Printed on post-consumer recycled paper
MERRILL LYNCH PACIFIC FUND, INC.
DEAR SHAREHOLDER
For the quarter ended March 31, 1998, Merrill Lynch Pacific Fund,
Inc.'s Class A, Class B, Class C and Class D Shares had total
investment returns of +8.13%, +7.82%, +7.83% and +8.01%,
respectively, outperforming the +6.91% total return for the
unmanaged Benchmark Index of Pacific Basin stock markets. Although
these are solid investment returns, they are dwarfed by those
achieved in US and European stock markets during the period. (Fund
results do not reflect sales charges, and would be lower if sales
charges were included. Complete performance information, including
average annual total returns, can be found on pages 3 and 4 of this
report to shareholders.)
Stock Market and Currency Volatility
Continue in Southeast Asia
During the March quarter, all of the stock markets in which the Fund
invests provided some level of appreciation, as did their
currencies. However, some Pacific Basin stock markets and currencies
experienced an extraordinary degree of volatility during the
quarter. The magnitude of this volatility has led us to consider
whether or not we should change our investment process. Recent stock
market and currency volatility has been so great that we considered
taking these factors into account to a greater degree than we have
previously. However, after careful consideration, we determined that
we should not change our investment approach at this time.
We have always focused on buying individual stocks as though we were
buying pieces of businesses at attractive prices. This often means
that our views of particular stocks differ markedly from those
generally held by other investors. For example, there are times when
companies that we believe are worth very little become very highly
prized by other investors. Their share prices appreciate
dramatically in a short span of time and then often decline sometime
thereafter. On the other hand, we will sometimes identify a stock
(or an entire stock market sector) as undervalued. After thoroughly
analyzing the financial statements and visiting the company, we will
buy the stock. Although we believe that other investors will come to
recognize the value that we perceive, our investments will sometimes
change little in price for long periods of time after our purchase.
However, if we are correct in our analysis of a business and in our
assessment of its worth, the stock will eventually move up in price.
As a result of our style of investing, Merrill Lynch Pacific Fund's
holdings are quite different than those of the broad-based indexes
of the stock markets in which we invest. For example, Japanese banks
are the largest sector represented in the Japanese stock market, but
we have not owned shares of a Japanese bank since 1987. Japanese
steel and petrochemical companies constitute meaningful portions of
the Japanese stock market, but are not found in the Fund's
portfolio. In contrast, Japanese non-life insurance companies make
up only approximately 2.0% of the Japanese stock market; yet, as of
March 31, 1998, these companies represented over 20% of the Fund's
investments in Japan. Similarly, our exposure to specific stocks
such as Chudenko Corp., Kinden Corp., Yamanouchi Pharmaceutical Co.,
Ltd., Murata Manufacturing Co., Ltd., Rohm Co., Ltd., and Canon,
Inc. are much greater than their percentage representation in the
overall Japanese stock market. In fact, our exposure to these six
companies, plus the Japanese non-life insurance companies, comprised
55.75% of the Fund's Japanese exposure.
As value-oriented investors, we have always viewed stock market
volatility as an opportunity to establish or increase positions at
attractive prices. In our view, volatility favored the informed
analyst who could reasonably approximate the worth of individual
stocks and make purchases when share prices declined below these
levels. Therefore, at first we viewed the significant weakness in
many Southeast Asian issues as a potential opportunity to purchase
portions of good businesses. After all, many issues declined by 50%-
70% in local currency terms, and these declines were much greater
when measured in US dollars. However, at this time we do not believe
that we can determine what various stocks in Southeast Asia are
worth. Too much is changing too rapidly on the macroeconomic front
in the region. Furthermore, we are not confident that companies'
financial statements fully and accurately reflect the state of their
business prospects. In today's environment, we believe that our
style of investment analysis faces new challenges in differentiating
those undervalued issues that possess true investment potential from
those that do not.
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
The second issue that we explored is whether we should try to
determine the appropriate levels of stock markets and currencies.
Judging appropriate stock market levels (and thereby appropriate
levels for individual stocks) is now much more difficult in Asia.
Corporate earnings are no longer reasonably predictable, and the
economics of companies (and even countries) can change quickly,
based on fluctuations in cross currency exchange rates and actions
taken by governments and international financial organizations such
as the International Monetary Fund and the World Bank.
With this heightened level of uncertainty, we have not tried to take
advantage of the substantial declines in share prices and currencies
in Southeast Asia. Our investment approach does not allow us to
invest aggressively in an unstable environment where so much is
subject to rapid change. We have always established investments
cautiously based on thorough fundamental research, and we cannot
comfortably risk the Fund's assets in areas where there is too
little reliable information for non-control investors, such as us.
Japanese Holdings Unchanged
Similarly, Japan may have some areas of potential investment
opportunities that are currently not represented in the Fund's
portfolio, but we believe the risks are too great at this time. The
Japanese stock market currently has many stocks selling below book
value. These valuations are very inexpensive, relative both to the
valuations prevailing in other world stock markets and to historical
Japanese stock market valuations. Moreover, there are also many
stocks selling at prices below net current assets (that is, current
assets less all liabilities).
Despite the inherent appeal of current valuations in the Japanese
stock market, we are cautious about establishing new positions in
Japan for two reasons. First, the Japanese economy and, in
particular, the financial system, need to make significant changes
in order for us to believe that a "deep value" approach to
establishing new investments will be profitable. Second, we have
recently observed several instances in which companies did not
include certain liabilities in their public financial statements. As
a result, we are now less confident in relying on financial
statements to determine whether or not companies are selling below
net current assets.
Notwithstanding these concerns, we continue to investigate Japanese
companies that exhibit characteristics that appeal to us. For
example, there are some firms that are acquiring publicly held
corporations in the manner of US buyout firms and increasing
shareholder value in these businesses. It would be attractive to us
to purchase shares of these corporations prior to their takeover. We
have also identified some companies that have capital structures or
cash flow characteristics that could be easily be changed in such a
way that shareholders would benefit. At some point, we may overcome
our sense of caution and establish positions in these companies.
However, at this time, we prefer to continue to maintain our current
holdings in Japanese companies that we believe have attractive
valuations as well as profitable and growing businesses.
In Conclusion
We thank you for your investment in Merrill Lynch Pacific Fund,
Inc., and we look forward to reviewing our outlook and strategy with
you again in our upcoming semi-annual report to shareholders.
Sincerely,
(Arthur Zeikel)
Arthur Zeikel
President
(Stephen I. Silverman)
Stephen I. Silverman
Senior Vice President and Portfolio Manager
May 14, 1998
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
PERFORMANCE DATA
About Fund Performance
Investors are able to purchase shares of the Fund through the
Merrill Lynch Select Pricing SM System, which offers four pricing
alternatives:
* Class A Shares incur a maximum initial sales charge (front-end
load) of 5.25% and bear no ongoing distribution or account
maintenance fees. Class A Shares are available only to eligible
investors.
* Class B Shares are subject to a maximum contingent deferred sales
charge of 4% if redeemed during the first year, decreasing 1% each
year thereafter to 0% after the fourth year. In addition, Class B
Shares are subject to a distribution fee of 0.75% and an account
maintenance fee of 0.25%. These shares automatically convert to
Class D Shares after approximately 8 years. (There is no initial
sales charge for automatic share conversions.)
* Class C Shares are subject to a distribution fee of 0.75% and an
account maintenance fee of 0.25%. In addition, Class C Shares are
subject to a 1% contingent deferred sales charge if redeemed within
one year of purchase.
* Class D Shares incur a maximum initial sales charge of 5.25% and
an account maintenance fee of 0.25% (but no distribution fee).
None of the past results shown should be considered a representation
of future performance. Figures shown in the "Average Annual Total
Return" tables assume reinvestment of all dividends and capital
gains distributions at net asset value on the ex-dividend date.
Investment return and principal value of shares will fluctuate so
that shares, when redeemed, may be worth more or less than their
original cost. Dividends paid to each class of shares will vary
because of the different levels of account maintenance, distribution
and transfer agency fees applicable to each class, which are
deducted from the income available to be paid to shareholders.
<TABLE>
Recent Performance Results
<CAPTION>
Market Performance Market Capitalization
In Local Currency/In US Dollars (as of 12/31/97)
3 Month 12 Month In US Dollars % of Total
% Change % Change (Billions) (100.0%)
<S> <C> <C> <C> <C>
ML Pacific Fund, Inc. Class A Shares--Total Investment Return* +8.13% + 1.03%(1)
ML Pacific Fund, Inc. Class B Shares--Total Investment Return* +7.82 - 0.06(2)
ML Pacific Fund, Inc. Class C Shares--Total Investment Return* +7.83 - 0.06(3)
ML Pacific Fund, Inc. Class D Shares--Total Investment Return* +8.01 + 0.75(4)
Market-Weighted Index** +5.69(5) -17.70(6)
Benchmark Index*** +6.91 -16.97
Japan + 6.52/+4.26 - 8.85/-15.45 $2,288 73.0%
Australia + 4.88/+6.60 +13.29/-4.35 285 9.1
Hong Kong + 7.42/+7.42 - 8.10/-8.10 341 10.9
Malaysia +21.04/+29.54 -40.19/-59.19 108 3.5
Singapore - 2.88/+1.27 -14.19/-23.18 104 3.3
Thailand +23.19/+49.43 -34.92/-56.97 7 0.2
<FN>
(1)Percent change includes reinvestment of $1.000 per share ordinary
income dividends and $2.206 per share capital gains distributions.
(2)Percent change includes reinvestment of $0.740 per share ordinary
income dividends and $2.206 per share capital gains distributions.
(3)Percent change includes reinvestment of $0.756 per share ordinary
income dividends and $2.206 per share capital gains distributions.
(4)Percent change includes reinvestment of $0.940 per share ordinary
income dividends and $2.206 per share capital gains distributions.
(5)12/31/97 market weights used in this computation. The Market-
Weighted Index return and individual country returns do not include
dividends.
(6)3/31/97 market weights used in this computation. The Market-
Weighted Index return and individual country returns do not include
dividends.
*Investment results shown do not reflect sales charges; results
shown would be lower if a sales charge was included.
**Unmanaged. The Market-Weighted Index weights the US dollar-
adjusted Pacific Basin stock market returns by the relative market
capitalizationof each individual country on the appropriate date.
***Unmanaged. The Benchmark Index weights US dollar-adjusted returns
based on 68% Japan, 7% Australia, 14% Hong Kong, 5% Malaysia, 4%
Singapore and 2% Thailand.
</TABLE>
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
PERFORMANCE DATA (concluded)
Results of a $1,000 Investment Since Inception--Class A Shares
(5.25% sales charge--$947.50 net amount invested; assuming
reinvestment of all dividends and capital gains distributions)
A mountain chart depicting the growth of an investment in the
Fund's Class A Shares from $947.50 on September 23, 1976 to
$18,673.33 on March 31, 1998
Average Annual Total Return
% Return Without % Return With
Sales Charge Sales Charge**
Class A Shares*
Year Ended 3/31/98 +1.03% -4.28%
Five Years Ended 3/31/98 +7.69 +6.53
Ten Years Ended 3/31/98 +7.52 +6.94
[FN]
*Maximum sales charge is 5.25%.
**Assuming maximum sales charge.
% Return % Return
Without CDSC With CDSC**
Class B Shares*
Year Ended 3/31/98 -0.06% -3.48%
Five Years Ended 3/31/98 +6.58 +6.58
Inception (10/21/88)
through 3/31/98 +6.78 +6.78
[FN]
*Maximum contingent deferred sales charge is 4% and is reduced to 0%
after 4 years.
**Assuming payment of applicable contingent deferred sales charge.
% Return % Return
Without CDSC With CDSC**
Class C Shares*
Year Ended 3/31/98 -0.06% -0.91%
Inception (10/21/94)
through 3/31/98 +2.22 +2.22
[FN]
*Maximum contingent deferred sales charge is 1% and is reduced to 0%
after 1 year.
**Assuming payment of applicable contingent deferred sales charge.
% Return Without % Return With
Sales Charge Sales Charge**
Class D Shares*
Year Ended 3/31/98 +0.75% -4.54%
Inception (10/21/94)
through 3/31/98 +3.02 +1.42
[FN]
*Maximum sales charge is 5.25%.
**Assuming maximum sales charge.
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
<TABLE>
SCHEDULE OF INVESTMENTS
<CAPTION>
Shares Held/ Percent of
Industry Face Amount Investments Cost Value Net Assets
<S> <C> <S> <C> <C> <C>
Japanese Securities
Automobile 4,680,000 Suzuki Motor Corp. $ 49,672,928 $ 43,958,521 2.6%
Beverage 380,000 Chukyo Coca-Cola Bottling Co., Ltd. 5,420,506 3,055,305 0.2
424,000 Hokkaido Coca-Cola Bottling Co., Ltd. 6,399,350 3,823,264 0.2
386,000 Kinki Coca-Cola Bottling Co., Ltd. 7,430,096 4,379,772 0.3
476,000 Mikuni Coca-Cola Bottling Co., Ltd. 8,487,431 7,761,647 0.4
517,000 Sanyo Coca-Cola Bottling Co., Ltd. 7,028,799 4,972,648 0.3
-------------- -------------- ------
34,766,182 23,992,636 1.4
Capital Goods 13,089,000 Mitsubishi Heavy Industries, Ltd. 95,579,842 49,865,667 2.9
Chemicals 2,391,000 Shin-Etsu Chemical Co., Ltd. 46,696,826 47,431,921 2.8
Consumer YEN 409,000,000 Matsushita Electric Works, Ltd.
Electronics --C.E.W.#8, 2.70% due 5/31/2002
(Convertible) 4,543,869 4,305,748 0.3
663,000 Sony Corporation 61,312,771 56,296,213 3.3
-------------- -------------- ------
65,856,640 60,601,961 3.6
Containers 1,816,000 Toyo Seikan Kaisha, Ltd. 50,677,095 27,291,854 1.6
Electric 1,887,000 Chudenko Corp. 55,433,121 47,642,922 2.8
Construction 3,365,000 Kinden Corp. 53,752,777 43,743,989 2.6
1,232,000 Taihei Dengyo Kaisha, Ltd. 24,789,475 5,184,250 0.3
-------------- -------------- ------
133,975,373 96,571,161 5.7
Electric 2,847,000 Murata Manufacturing Co., Ltd. 106,583,086 78,726,781 4.7
Equipment 3,910,000 NEC Corporation 56,508,104 39,370,304 2.3
540,000 Rohm Co., Ltd. 28,864,902 49,504,058 2.9
-------------- -------------- ------
191,956,092 167,601,143 9.9
Office Equipment 4,463,000 Canon, Inc. 79,082,438 100,944,019 5.9
Pharmaceuticals 2,060,000 Sankyo Co., Ltd. 45,924,518 57,273,820 3.4
2,560,000 Yamanouchi Pharmaceutical Co., Ltd. 64,562,953 58,863,841 3.5
-------------- -------------- ------
110,487,471 116,137,661 6.9
Property & 8,790,000 Dai-Tokyo Fire & Marine Insurance
Casualty Co., Ltd. 53,840,330 34,610,460 2.0
Insurance 4,492,000 Fuji Fire & Marine Insurance Co., Ltd. 16,261,457 11,442,651 0.7
7,539,000 Koa Fire & Marine Insurance Co., Ltd. 45,292,612 32,177,277 1.9
8,191,000 Nichido Fire & Marine Insurance
Co., Ltd. 46,307,188 44,315,600 2.6
8,062,000 Sumitomo Marine & Fire Insurance
Co., Ltd. 67,721,997 49,918,004 2.9
4,662,000 Tokio Marine & Fire Insurance Co., Ltd. 46,990,608 52,197,024 3.1
-------------- -------------- ------
276,414,192 224,661,016 13.2
Retailing 1,233,000 Ito Yokado Co., Ltd. 65,674,503 66,894,049 3.9
364,000 Sangetsu Co., Ltd. 8,382,717 4,786,595 0.3
-------------- -------------- ------
74,057,220 71,680,644 4.2
Tires & Rubber 2,326,000 Bridgestone Corporation 39,953,159 52,784,190 3.1
Total Investments in Japan 1,249,175,458 1,083,522,394 63.8
</TABLE>
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
<TABLE>
SCHEDULE OF INVESTMENTS (continued)
<CAPTION>
Shares Held/ Percent of
Industry Face Amount Investments Cost Value Net Assets
<S> <C> <S> <C> <C> <C>
Australian Securities
Food & Beverage 1,334,442 Coca-Cola Amatil, Ltd. $ 7,116,958 $ 10,463,553 0.6%
Leisure 14,055,889 Village Roadshow Ltd. 'A' (Preferred) 31,688,289 29,018,439 1.7
Property 4,535,584 Lend Lease Corp. 59,969,219 105,642,097 6.3
Total Investments in Australia 98,774,466 145,124,089 8.6
Hong Kong Securities
Agriculture 42,592,176 C.P. Pokphand Co. Ltd. (Ordinary) 14,448,847 5,717,071 0.3
Banking 3,369,228 HSBC Holdings plc 63,547,573 103,059,762 6.1
Conglomerates 9,118,035 Hutchison Whampoa Ltd. 71,507,563 64,136,927 3.8
Property 5,539,000 Cheung Kong (Holdings) Ltd. 38,749,900 39,319,179 2.3
Total Investments in Hong Kong 188,253,883 212,232,939 12.5
Indian Securities
Banking 3,257,000 Industrial Development Bank of India 11,173,586 7,057,658 0.4
Broadcast/Media 620,000 BITV 3,557,823 0 0.0
Diversified Mutual 1,929,400 Master Plus 1,146,844 840,569 0.1
Fund
Financial Services 72,000 Housing Development Finance Corp. Ltd. 5,781,901 5,797,568 0.3
Total Investments in India 21,660,154 13,695,795 0.8
Indonesian Securities
Pharmaceuticals 2,831,500 P.T. Kalbe Farma 4,779,899 310,974 0.0
Total Investments in Indonesia 4,779,899 310,974 0.0
New Zealand Securities
Diversified 50,947,756 Guiness Peat Group plc 18,795,683 28,419,830 1.7
Total Investments in New Zealand 18,795,683 28,419,830 1.7
</TABLE>
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
<TABLE>
SCHEDULE OF INVESTMENTS (continued)
<CAPTION>
Shares Held/ Percent of
Industry Face Amount Investments Cost Value Net Assets
<S> <C> <S> <C> <C> <C>
Singaporean Securities
Banking 4,988,000 Overseas Chinese Banking
Corporation Ltd.--Foreign $ 26,771,711 $ 28,140,608 1.7%
7,935,000 United Overseas Bank Group--Foreign 40,461,818 44,028,673 2.6
Total Investments in Singapore 67,233,529 72,169,281 4.3
South Korean Securities
Banking 462,360 Hana Bank (GDR)(a) 7,001,895 3,167,166 0.2
147,955 Hana Bank (GDR) (Rights)(a)(b) 0 371,145 0.0
Total Investments in South Korea 7,001,895 3,538,311 0.2
Thailand Securities
Banking US$ 6,052,000 Bangkok Bank Public Company Ltd., 3.25%
due 3/03/2004 (Convertible) 6,255,245 2,844,440 0.2
Broadcast/Media 2,192,000 BEC World Public Company Limited 17,579,558 11,183,673 0.6
Total Investments in Thailand 23,834,803 14,028,113 0.8
Short-Term Securities
Commercial US$ 30,327,000 General Motors Acceptance Corp., 6.13%
Paper* due 4/01/1998 30,327,000 30,327,000 1.8
Total Investments in
Short-Term Securities 30,327,000 30,327,000 1.8
Nominal Value Premiums
Covered by Options Issue Paid
Currency Put Options Purchased
US$ 640,000,000 Japanese Yen, expiring December
1998 at YEN 137 20,000,000 13,760,000 0.8
630,000,000 Japanese Yen, expiring February
1999 at YEN 130.50 18,805,500 27,405,000 1.6
Total Currency Put Options Purchased 38,805,500 41,165,000 2.4
Total Investments 1,748,642,270 1,644,533,726 96.9
</TABLE>
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
<TABLE>
SCHEDULE OF INVESTMENTS (concluded)
<CAPTION>
Nominal Value Premiums Percent of
Covered by Options Issue Received Value Net Assets
<C> <S> <C> <C> <C>
2,187,333 Mitsubishi Heavy Industries,
expiring May 1998 at YEN 565.61 $ (353,034) $ (231,750) 0.0%
2,176,161 Mitsubishi Heavy Industries,
expiring May 1998 at YEN 571.55 (327,199) (215,849) 0.0
930,947 Mitsubishi Heavy Industries, expiring
September 1998 at YEN 632.74 (233,935) (93,738) 0.0
Total Call Options Written (914,168) (541,337) 0.0
Total Investments, Net of Options Written $1,747,728,102 1,643,992,389 96.9
==============
Unrealized Depreciation on Forward Foreign Exchange Contracts** (870,558) (0.1)
Other Assets Less Liabilities 54,154,061 3.2
-------------- ------
Net Assets $1,697,275,892 100.0%
============== ======
Net Asset Value: Class A--Based on net assets of $694,389,825 and
37,848,542 shares outstanding $ 18.35
==============
Class B--Based on net assets of $781,205,081 and
44,973,753 shares outstanding $ 17.37
==============
Class C--Based on net assets of $78,497,785 and
4,599,075 shares outstanding $ 17.07
==============
Class D--Based on net assets of $143,183,201 and
7,806,365 shares outstanding $ 18.34
==============
<FN>
(a)Global Depositary Receipts (GDR).
(b)The rights may be exercised until 4/10/1998.
*Commercial Paper is traded on a discount basis; the interest rate
shown is the discount rate paid at the time of purchase by the Fund.
**Forward foreign exchange contracts as of March 31, 1998 were as
follows:
Expiration Unrealized
Foreign Currency Sold Date Depreciation
HK$ 683,843,567 October 1998 $ (870,558)
-------------
Total Unrealized Depreciation on
Forward Foreign Exchange Contracts
(US$ Commitment--$86,530,973) $ (870,558)
=============
</TABLE>
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
PORTFOLIO INFORMATION
For the Quarter Ended March 31, 1998
Percent of
Ten Largest Equity Holdings Net Assets
Lend Lease Corp. 6.3%
HSBC Holdings plc 6.1
Canon, Inc. 5.9
Murata Manufacturing Co., Ltd. 4.7
Ito Yokada Co., Ltd. 3.9
Hutchison Whampoa Ltd. 3.8
Yamanouchi Pharmaceutical Co., Ltd. 3.5
Sankyo Co., Ltd. 3.4
Sony Corporation 3.3
Bridgestone Corporation 3.1
Percent of
Ten Largest Industries Net Assets
Property & Casualty Insurance 13.2%
Banking 11.2
Electric Equipment 9.9
Property 8.6
Pharmaceuticals 6.9
Office Equipment 5.9
Electric Construction 5.7
Retailing 4.2
Conglomerates 3.8
Consumer Electronics 3.6
Additions (Equity Investments)
Cheung Kong (Holdings)Ltd.
Overseas Chinese Banking Corporation Ltd.--Foreign
United Overseas Bank Group--Foreign
Deletion (Equity Investments)
Renong BHD
Merrill Lynch Pacific Fund, Inc.
March 31, 1998
OFFICERS AND DIRECTORS
Arthur Zeikel, President and Director
Donald Cecil, Director
Edward H. Meyer, Director
Charles C. Reilly, Director
Richard R. West, Director
Edward D. Zinbarg, Director
Terry K. Glenn, Executive Vice President
Norman R. Harvey, Executive Vice President
Stephen I. Silverman, Senior Vice President
and Portfolio Manager
Donald C. Burke, Vice President
Gerald M. Richard, Treasurer
Robert Harris, Secretary
Custodian
Brown Brothers Harriman & Co.
40 Water Street
Boston, MA 02109
Transfer Agent
Merrill Lynch Financial Data Services, Inc.
4800 Deer Lake Drive East
Jacksonville, FL 32246-6484
(800) 637-3863
