MERRILL LYNCH VARIABLE SERIES FUNDS INC
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355916
<NAME> MERRILL LYNCH VARIABLE SERIES FUNDS, INC.
<SERIES>
   <NUMBER> 041
   <NAME> HIGH CURRENT INCOME FUND

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                        539042127
<INVESTMENTS-AT-VALUE>                       440621491
<RECEIVABLES>                                 14270015
<ASSETS-OTHER>                                   43048
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               454934554
<PAYABLE-FOR-SECURITIES>                       2500000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       441613
<TOTAL-LIABILITIES>                            2941613
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     576111562
<SHARES-COMMON-STOCK>                         49848254
<SHARES-COMMON-PRIOR>                         51984482
<ACCUMULATED-NII-CURRENT>                      4068241
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (29766226)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    (98420636)
<NET-ASSETS>                                 451992941
<DIVIDEND-INCOME>                              1780065
<INTEREST-INCOME>                             24120190
<OTHER-INCOME>                                  155002
<EXPENSES-NET>                               (1244937)
<NET-INVESTMENT-INCOME>                       24810320
<REALIZED-GAINS-CURRENT>                    (16892630)
<APPREC-INCREASE-CURRENT>                   (13323683)
<NET-CHANGE-FROM-OPS>                        (5405993)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (21036723)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         408014
<NUMBER-OF-SHARES-REDEEMED>                  (4834518)
<SHARES-REINVESTED>                            2290276
<NET-CHANGE-IN-ASSETS>                      (46398639)
<ACCUMULATED-NII-PRIOR>                         294644
<ACCUMULATED-GAINS-PRIOR>                   (12873596)
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                          1112843
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<GROSS-EXPENSE>                                1244937
<AVERAGE-NET-ASSETS>                         471480477
<PER-SHARE-NAV-BEGIN>                             9.59
<PER-SHARE-NII>                                    .49
<PER-SHARE-GAIN-APPREC>                          (.59)
<PER-SHARE-DIVIDEND>                             (.42)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.07
<EXPENSE-RATIO>                                    .53



</TABLE>


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