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MERRILL LYNCH MUNICIPAL BOND FUND, INC.
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SUPPLEMENT DATED JANUARY 7, 1994 TO
PROSPECTUS DATED OCTOBER 28, 1993
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The disclosure set forth under "Initial Sales Charge Alternative -- Class A
Shares" is modified as follows:
Initial sales charges may be waived for shareholders purchasing $1 million
or more in a single transaction or a purchase by a TMASM Managed Trust, of Class
A shares of the Fund. In addition, purchases of Class A shares of the Fund made
in connection with a single investment of $1 million or more under the Merrill
Lynch Mutual Fund Adviser Program will not be subject to an initial sales
charge. Purchases described in this paragraph will be subject to a contingent
deferred sales charge if the shares are redeemed within one year after purchase
at the following rates:
CLASS A SHARES OF INSURED AND NATIONAL PORTFOLIOS
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES
CHARGE AS A PERCENTAGE OF
DOLLAR AMOUNT SUBJECT TO
AMOUNT OF PURCHASE CHARGE
-----------------------------
<S> <C>
$1 million up to $2.5 million.................. 0.75%
Over $2.5 million up to $3.5 million........... 0.40%
Over $3.5 million up to $5 million............. 0.25%
Over $5 million................................ 0.20%
</TABLE>
CLASS A SHARES OF LIMITED MATURITY PORTFOLIO
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES
CHARGE AS A PERCENTAGE OF
DOLLAR AMOUNT SUBJECT TO
AMOUNT OF PURCHASE CHARGE
-----------------------------
<S> <C>
$1 million and over............................ 0.20%
</TABLE>
Code #10051STK
