CMA GOVERNMENT SECURITIES FUND
Supplement dated November 14, 2000 to the
Statement of Additional Information dated June 29, 2000
The section headed "Trustees and Officers" beginning on page 15 is
amended to include the following individual, who is primarily responsible for
the day-to-day management of the Fund's portfolio:
P. Michael Walsh (32) - Vice President and Portfolio Manager (1)(2) -
Vice President of Merrill Lynch Investment Managers, L.P. (formerly MLAM)
since 1991.
In addition, Robert Sabatino is no longer the portfolio manager or an
officer of the Fund.
