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MERRILL LYNCH CORPORATE BOND FUND, INC.
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SUPPLEMENT DATED FEBRUARY 6, 1996
TO PROSPECTUS DATED JANUARY 26, 1996
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FOR USE IN THE STATE OF ARIZONA
The Fund's High Income Portfolio may invest primarily in lower rated bonds,
commonly known as "junk bonds". Investments of this type are subject to greater
risk of loss of principal and interest than are investments in higher rated
bonds. Purchasers should carefully assess the risks associated with an
investment in this Portfolio.
Code # 10046-0196AZ