August 2, 1995
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 Special Value Fund, Inc.
Post-Effective Amendment No. 21 to the
Registration Statement on Form N-1A
(Securities Act File No. 2-60836;
Investment Company Act No. 811-2809
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended
(the "1933 Act"), Merrill Lynch Special Value Fund, Inc. (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. 21 to the Fund's Registration Statement on Form N-1A;
and
(2) the text of Post-Effective Amendment No. 21 to the Fund's Registration
Statement on Form N-1A was filed electronically with the Securities
and Exchange Commission on July 28, 1995.
Very truly yours,
MERRILL LYNCH SPECIAL VALUE FUND, INC.
By: /s/ Gerald M. Richard
----------------------------------
Gerald M. Richard
Treasurer
