MERRILL LYNCH SERIES FUND, INC.
Supplement dated January 19, 2001 to the
Statement of Additional Information dated April 4, 2000
The following information supersedes and replaces any contrary
information contained in the Statement of Additional Information under the
caption "Portfolio Strategies--Transactions in Options, Futures and Currency."
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.
