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> 011
   <NAME> RESERVE ASSETS 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>                         20182225
<INVESTMENTS-AT-VALUE>                        20167819
<RECEIVABLES>                                   145432
<ASSETS-OTHER>                                    1996
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                20315247
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        24562
<TOTAL-LIABILITIES>                              24562
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      20305091
<SHARES-COMMON-STOCK>                         20305091
<SHARES-COMMON-PRIOR>                         20947915
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (14406)
<NET-ASSETS>                                  20290685
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               636723
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (68340)
<NET-INVESTMENT-INCOME>                         568383
<REALIZED-GAINS-CURRENT>                            88
<APPREC-INCREASE-CURRENT>                          661
<NET-CHANGE-FROM-OPS>                           569132
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (568383)
<DISTRIBUTIONS-OF-GAINS>                          (88)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5101181
<NUMBER-OF-SHARES-REDEEMED>                  (6312313)
<SHARES-REINVESTED>                             568308
<NET-CHANGE-IN-ASSETS>                        (642163)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            51385
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  68340
<AVERAGE-NET-ASSETS>                          20666869
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             (.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .66


</TABLE>


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