February 24, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for
THE CORPORATE FUND
ACCUMULATION PROGRAM, INC.
File No. 2-57060
Dear Sirs:
In accordance with the provisions of
Rule 24f-2 under the Investment Company
Act of 1940, The Corporate Fund
Accumulation Program, Inc. (the "Fund")
hereby files its Rule 24f-2 Notice (the
"Notice").
1. The Notice is being filed for the Fiscal
Year of the Fund ended December 31,
1994 (the "Fiscal Year").
2. No shares of common stock of the Fund
which had been registered under the
Securities Act of 1933 (the "Securities Act")
other than pursuant to Rule 24f-2 remained
unsold at the beginning of the Fiscal Year.
3. 1,119,145 shares of common stock were
registered under the Securities Act during
the Fiscal Year other than pursuant to Rule
24f-2.
4. 941,678 shares of common stock were sold
during the Fiscal Year.*
5. No shares of common stock were sold during
the Fiscal Year in reliance upon registration
pursuant to Rule 24f-2.
_______________
*The aggregate sale price for all shares sold
during the Fiscal Year was $19,087,306.
<PAGE>
Please direct any questions relating to this
filing to Susan B. Baker at Merrill Lynch Asset
Management, P.O. Box 9011, Princeton, N.J.
08543-9011, (609) 282-2460, or to Leonard B.
Mackey, Jr. at Rogers & Wells, 200 Park
Avenue, New York, New York 10166,
(212) 878-8000.
Very truly yours,
THE CORPORATE FUND
ACCUMULATION PROGRAM, INC.
By /s/ Susan B. Baker
- - - - - - - - - - -
Susan B. Baker
Secretary
