MERRILL LYNCH RETIREMENT RESERVES MO FU OF MER LYN RE SER TR
497, 1998-06-02
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                  MERRILL LYNCH RETIREMENT RESERVES MONEY FUND
                      Merrill Lynch Retirement Series Trust

                       Supplement dated June 2, 1998 to the
           Statement of Additional Information dated February 27, 1998


The section  entitled  "Management  of the Trust - Trustees  and  Officers,"  is
amended to add the following officer:

Kevin J. McKenna (40) - Senior Vice  President  (1)(2) - First Vice President of
MLAM since 1997; Vice President of MLAM from 1985 to 1997.




Code #10237-0298ALL


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