MERRILL LYNCH MUNICIPAL BOND FUND INC
NSAR-A, 1995-02-28
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<PAGE>      PAGE  1
000 A000000 12/31/94
000 C000000 0000225635
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MERRILL LYNCH MUNICIPAL BOND FUND, INC.
001 B000000 811-2688
001 C000000 6092827165
002 A000000 P.O. BOX 9066
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9066
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 NATIONAL PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 INSURED PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 LIMITED MATURITY PORTFOLIO
007 C030300 N
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008 B00AA01 A
008 C00AA01 801-12485
008 D01AA01 PRINCETON
008 D02AA01 NJ
008 D03AA01 08543
008 D04AA01 9011
011 A00AA01 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-14663
011 C01AA01 PRINCETON
011 C02AA01 NJ
011 C03AA01 08543
<PAGE>      PAGE  2
011 C04AA01 9011
012 A00AA01 FINANCIAL DATA SERVICES, INC.
012 B00AA01 84-01339
012 C01AA01 JACKSONVILLE
012 C02AA01 FL
012 C03AA01 32246
012 C04AA01 6484
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PRINCETON
013 B02AA01 NJ
013 B03AA01 08540
014 A00AA01 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B00AA01 8-7221
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
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022 A000003 SMITH BARNEY INC.
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022 A000004 CHEMICAL SECURITIES, INC.
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022 C000004    116002
<PAGE>      PAGE  3
022 D000004    171656
022 A000005 MORGAN STANLEY & CO. INCORPORATED
022 B000005 13-2655998
022 C000005    110591
022 D000005    148805
022 A000006 MORGAN (J.P.) SECURITIES INC.
022 B000006 13-3224016
022 C000006    101845
022 D000006    156416
022 A000007 CS FIRST BOSTON CORPORATION
022 B000007 13-5659485
022 C000007    151059
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022 A000008 BEAR, STEARNS & CO. INC.
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022 C000008     69673
022 D000008    154404
022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009    109263
022 D000009     72235
022 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
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022 C000010     83879
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  9
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<PAGE>      PAGE  11
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SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> INSURED PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
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   <NUMBER> 2
   <NAME> INSURED PORTFOLIO
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> INSURED PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 2
   <NAME> INSURED PORTFOLIO
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> LIMITED MATURITY PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> LIMITED MATURITY PORTFOLIO
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
   <NUMBER> 3
   <NAME> LIMITED MATURITY PORTFOLIO
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
<SERIES>
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   <NAME> LIMITED MATURITY PORTFOLIO
       
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000225635
<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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<NAME> MERRILL LYNCH MUNICIPAL BOND FUND, INC.
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</TABLE>


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