SUPPLEMENT DATED NOVEMBER 28, 1995
TO THE PROSPECTUS DATED APRIL 28, 1995
FOR
MERRILL LYNCH VARIABLE SERIES FUNDS, INC.
The disclosure appearing under the caption "Portfolio
Managers" is amended by adding the following:
Effective November 1, 1995, Thomas R. Robinson is responsible
for the day-to-day management of American Balanced Fund,
Flexible Strategy Fund, Global Strategy Focus Fund and Quality
Equity Fund. Mr. Robinson has been a Senior Portfolio Manager of
the Company since 1995. Prior thereto, Mr. Robinson was employed
by Merrill Lynch & Co.'s Global Securities Research & Economics
Group where he served as Manager of International Equity Strategy
from 1989 to 1995.
16097-KIT, 16536-KIT, 16586, 16587
16116-KIT, 16117-KIT, 16142-KIT,
16145-KIT
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