MERRILL LYNCH ARIZONA MUNICIPAL BOND FUND
MERRILL LYNCH COLORADO MUNICIPAL BOND FUND
MERRILL LYNCH CONNECTICUT MUNICIPAL BOND FUND
MERRILL LYNCH FLORIDA MUNICIPAL BOND FUND
MERRILL LYNCH MASSACHUSETTS MUNICIPAL BOND FUND
MERRILL LYNCH MICHIGAN MUNICIPAL BOND FUND
MERRILL LYNCH MINNESOTA MUNICIPAL BOND FUND
MERRILL LYNCH NEW JERSEY MUNICIPAL BOND FUND
MERRILL LYNCH NEW YORK MUNICIPAL BOND FUND
MERRILL LYNCH NORTH CAROLINA MUNICIPAL BOND FUND
MERRILL LYNCH OHIO MUNICIPAL BOND FUND
MERRILL LYNCH PENNSYLVANIA MUNICIPAL BOND FUND
MERRILL LYNCH TEXAS MUNICIPAL BOND FUND
Merrill Lynch Multi-State Municipal Series Trust
MERRILL LYNCH CALIFORNIA MUNICIPAL BOND FUND
MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL BOND FUND
Merrill Lynch California Municipal Series Trust
MERRILL LYNCH MUNICIPAL BOND FUND, INC.
INSURED PORTFOLIO
NATIONAL PORTFOLIO
Supplement dated October 23, 1998 to the Prospectuses
for the above listed Funds
The section in the Prospectuses entitled "Purchase of Shares - Initial
Sales Charge Alternatives - Class A and Class D Shares" is modified as follows:
From October 28, 1998 to December 21, 1998, the initial sales charge
imposed on a purchase of up to $1,000,000 of Class A and Class D shares is 1.50%
of the offering price (1.52% of the net amount invested). The discount to
selected dealers during this period is 1.25% of the offering price. The sales
charge imposed on Class A and Class D share purchases of $1,000,000 or more
remains as disclosed in the Prospectuses.
CODE # MBLIM-STK
<PAGE>