MERRILL LYNCH SERIES FUND, INC.
Supplement dated January 19, 2001 to the
Prospectus dated April 4, 2000
The following information supersedes and replaces any contrary
information contained in the Prospectus under the captions "Details About the
Portfolio--Investment Risks" and "Other Important Information--Your
Account--Investment Strategies--Futures and
Options."
Effective today, each of the Portfolios (except the Money Reserve
Portfolio) may engage in options, futures and options on futures to enhance
total return as well as for hedging purposes. For more information regarding
futures and options, see "Other Important Information--Your Account--Investment
Strategies--Futures and Options."
