MERRILL LYNCH RETIREMENT RESERVES MONEY FUND
Merrill Lynch Retirement Series Trust
Supplement dated September 29, 1999 to Statement of Additional
Information dated March 1, 1999
It is anticipated that dividend recapture will be effective on or
about October 1, 1999.
The following paragraph is inserted on page 15 of the Statement of
Additional Information, immediately following the paragraph headed "Automatic
Redemption":
"Unless otherwise requested, in those instances where shareholders
request transactions that settle on a "same-day" basis (such as Federal Funds
wire redemptions, branch office checks, transfers to other Merrill Lynch
accounts and certain securities transactions) the Fund shares necessary to
effect such transactions will be deemed to have been transferred to Merrill
Lynch prior to the Fund's declaration of dividends on that day. In such
instances, shareholders will receive all dividends declared and reinvested
through the date immediately preceding the date of redemption."
In addition, the third sentence under the paragraph headed "Dividends"
on page 18 of the Statement of Additional Information is amended to read as
follows:
"Shareholders liquidating their holdings generally will receive on
redemption all dividends declared and reinvested through the date of
redemption."
Code #10093-3-99ALL1
