MERRILL LYNCH BASIC VALUE FUND, INC.
Supplement dated November 9, 1999 to
Statement of Additional Information dated October 19, 1999
The list of 5% shareholders of Merrill Lynch Basic Value Fund, Inc. as of
Ocotber 1, 1999 under the section headed "Additional Information" on page 39
of the Statement of Additional Information is revised as follows:
"To the knowledge of the Fund, the following persons or entities owned
beneficially 5% or more of a class of the Fund's shares as of October 1, 1999:
<TABLE>
<CAPTION>
Name Address Percent and Class
- ---------------------- ------------------------ -----------------
<S> <C> <C>
MERRILL LYNCH TRUST COMPANY(1) P.O. BOX 30532 54.13% Class A
NEW BRUNSWICK, NJ 08989
MERRILL LYNCH TRUST COMPANY P.O. BOX 30532 8.9% Class A
TRUSTEE FBO MLSIP NEW BRUNSWICK NJ 08989
INVESTMENT ACCOUNT
ATTN: ROBERT ARIMENTA JR.
MERRILL LYNCH TRUST COMPANY 265 DAVIDSON AVE #4 5.8% Class A
TRUSTEE FBO CHRYSLER SALARIED SOMERSET NJ 08873
EMPLOYEES' SAVINGS PLAN
ATTN: GROUP EMPLOYEE SERVICES
MERRILL LYNCH TRUST COMPANY(1) P.O. BOX 30532 21.05% Class D
NEW BRUNSWICK, NJ 08989
(1) Merrill Lynch Trust Company is the record holder on behalf of certain
employee retirement, personal trust or savings plan accounts for which it acts
as trustee."
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