<PAGE> 1
MERRILL LYNCH HEALTHCARE FUND, INC.
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SUPPLEMENT DATED JANUARY 5, 1994 TO
PROSPECTUS DATED AUGUST 27, 1993
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The second full paragraph and related chart on page 20 of the Prospectus is
replaced with the following:
Initial sales charges may be waived for shareholders purchasing $1 million
or more in a single transaction (other than a tax qualified retirement plan
under Section 401 of the Internal Revenue Code of 1986, as amended (the "Code"),
or deferred compensation plan under Section 403(b) and Section 457 of the Code),
or a purchase by a TMASM Managed Trust, of Class A shares of the Company. In
addition, purchases of Class A shares of the Company made in connection with a
single investment of $1 million or more under the Merrill Lynch Mutual Fund
Adviser Program will not be subject to an initial sales charge. Purchases
described in this paragraph will be subject to a contingent deferred sales
charge if the shares are redeemed within one year after purchase at the
following rates:
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES
CHARGE AS A PERCENTAGE OF
DOLLAR AMOUNT SUBJECT TO
AMOUNT OF PURCHASE CHARGE
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<S> <C>
$1 million up to $2.5 million.................. 1.00%
Over $2.5 million up to $3.5 million........... 0.60%
Over $3.5 million up to $5 million............. 0.40%
Over $5 million................................ 0.25%
</TABLE>
Code #10166S-1
