February 14, 2000
VIA ELECTRONIC FILING
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Attention: Division of Investment Management
RE: Merrill Lynch Basic Value Fund, Inc.
Post-Effective Amendment No. 28 to
the Registration Statement on
Form N-1A (Securities Act File
No. 2-58521, Investment Company
Act No. 811-2739)
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of
1933, as amended (the "1933 Act"), Merrill Lynch Basic
Value Fund (the "Fund") hereby certifies that:
(1) the form of Prospectus and Statement of
Additional Information that would have been filed
pursuant to Rule 497(c) under the 1933 Act would not
have differed from that contained in Post-Effective
Amendment No. 28 to the Fund's Registration Statement
on Form N-1A: and
(2) the text of Post-Effective Amendment No. 28
to the Fund's Registration Statement on Form N-1A
was filed electronically with the Securities and
Exchange Commission on October 19, 1999.
Very truly yours,
Merrill Lynch Basic Value Fund, Inc.
______________________
Thomas D. Jones, III
Secretary
