MERRILL LYNCH CORPORATE BOND FUND, INC.
SUPPLEMENT DATED JANUARY 11, 1996 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 31, 1995
The following supersedes "Retirement Plans -- Retirement Plan" and
"Retirement Plans -- Employer Sponsored Retirement and Savings Plan"
in the Statement of Additional Information:
Employer-Sponsored Retirement or Savings Plans and Certain
Other Arrangements. Certain employer-sponsored retirement or
savings plans and certain other arrangements may purchase Class A
or Class D shares at net asset value, based on the number of
employees or number of employees eligible to participate in the
plan, the aggregate amount invested by the plan in specified
investments and/or the services provided by Merrill Lynch to the
plan. Certain other plans may purchase Class B shares with a
waiver of the CDSC upon redemption, based on similar criteria.
Such Class B shares will convert into Class D shares approximately
ten years after the plan purchases the first share of any MLAM-
advised mutual fund. Minimum purchase requirements may be waived
for such plans. Additional information regarding purchases by
employer-sponsored retirement or savings plans and certain other
arrangements is available toll-free from Merrill Lynch Business
Financial Services at (800) 237-7777.
Code #10210-0196ALL
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