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Merrill Lynch Series Fund, Inc. Supplement dated August 5, 1997 to Prospectus dated April 25, 1997 Effective July 31, 1997, the Balanced Portfolio is permitted to invest up to 65% of its net assets in equity securities. Previously, this Portfolio normally limited its allocation of assets in equity securities to not more than 50% of its net assets and sought to maintain approximately equal allocations of its net assets in debt securities and equity securities.
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