File No. 002-62329
Rule 497(e)
Merrill Lynch Corporate Bond Fund, Inc.
Supplement dated June 3, 1997 to the
Prospectus dated January 28, 1997
Initial Sales Charge Alternatives-Class A and D Shares--Eligible
Class A Investors-- The fourth sentence is replaced with the
following:
Class A shares are available at net asset value to corporate
warranty insurance reserve fund programs and US branches of foreign
banking institutions provided that the program or branch has $3
million or more initially invested in MLAM-advised mutual funds.
CODE# 10046-0197ALL