MERRILL LYNCH SPECIAL VALUE FUND INC
NSAR-B, 1999-05-25
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SIGNATURE   DONALD C. BURKE
TITLE       TREASURER


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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000230382
<NAME> MERRILL LYNCH SPECIAL VALUE FUND, INC.
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000230382
<NAME> MERRILL LYNCH SPECIAL VALUE FUND, INC.
<SERIES>
   <NUMBER> 002
   <NAME> CLASS B

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000230382
<NAME> MERRILL LYNCH SPECIAL VALUE FUND, INC.
<SERIES>
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   <NAME> CLASS C

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000230382
<NAME> MERRILL LYNCH SPECIAL VALUE FUND, INC.
<SERIES>
   <NUMBER> 004
   <NAME> CLASS D

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<EXPENSE-RATIO>                                   1.33
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



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