<PAGE> PAGE 1
000 B000000 11/30/98
000 C000000 0000741886
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MERRILL LYNCH GLOBAL HOLDINGS, INC.
001 B000000 811-4351
001 C000000 6092822800
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 MERRILL LYNCH ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-11583
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
008 A000002 MERRILL LYNCH ASSET MANAGEMENT U.K., LTD.
008 B000002 S
008 C000002 801-31780
008 D010002 LONDON
008 D050002 ENGLAND
008 D060002 EC24 9LY
011 A000001 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B000001 8-14663
011 C010001 PRINCETON
011 C020001 NJ
011 C030001 08543
<PAGE> PAGE 2
011 C040001 9011
012 A000001 FINANCIAL DATA SERVICES, INC.
012 B000001 84-01339
012 C010001 JACKSONVILLE
012 C020001 FL
012 C030001 32246
012 C040001 6484
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 THE CHASE MANHATTAN BANK
015 B000001 C
015 C010001 BROOKLYN
015 C020001 NY
015 C030001 11245
015 E010001 X
015 A000002 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10260
015 E010002 X
015 A000003 CUSTODIAL TRUST CO.
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10167
015 E010003 X
015 A000004 BANKERS TRUST COMPANY
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10006
015 E010004 X
015 A000005 THE BANK OF NEW YORK
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10286
015 E010005 X
015 A000006 THE CHASE MANHATTAN BANK
015 B000006 S
015 C010006 BUENOS AIRES
015 D010006 ARGENTINA
015 E010006 X
015 A000007 BOLVESPA
015 B000007 S
015 C010007 BRAZIL
<PAGE> PAGE 3
015 D010007 BRAZIL
015 E040007 X
015 A000008 THE CHASE MANHATTAN BANK AUSTRALIA LIMITED
015 B000008 S
015 C010008 SYDNEY
015 D010008 AUSTRALIA
015 E040008 X
015 A000009 AUSTRACLEAR LIMITED
015 B000009 S
015 C010009 AUSTRALIA
015 D010009 AUSTRALIA
015 E040009 X
015 A000010 RITS
015 B000010 S
015 C010010 AUSTRALIA
015 D010010 AUSTRALIA
015 E040010 X
015 A000011 CHESS
015 B000011 S
015 C010011 AUSTRALIA
015 D010011 AUSTRALIA
015 E040011 X
015 A000012 CITIBANK, N.A.
015 B000012 S
015 C010012 BRAZIL
015 D010012 BRAZIL
015 E010012 X
015 A000013 MERITA BANK LTD.
015 B000013 S
015 C010013 FINLAND
015 D010013 FINLAND
015 E040013 X
015 A000014 THE CHASE MANHATTAN BANK
015 B000014 S
015 C010014 HONG KONG
015 D010014 HONG KONG
015 E010014 X
015 A000015 PANKKITARKASTUS VIRASTO
015 B000015 S
015 C010015 FINLAND
015 D010015 FINLAND
015 E040015 X
015 A000016 HELSINKI MONEY MARKET CENTER LTD.
015 B000016 S
015 C010016 FINLAND
015 D010016 FINLAND
015 E040016 X
015 A000017 ROYAL BANK OF CANADA
015 B000017 S
015 C010017 TORONTO
015 D010017 CANADA
<PAGE> PAGE 4
015 E040017 X
015 A000018 THE CHASE MANHATTAN BANK
015 B000018 S
015 C010018 MADRID
015 D010018 SPAIN
015 E010018 X
015 A000019 CANADIAN DEPOSITORY FOR SECURITIES
015 B000019 S
015 C010019 CANADA
015 D010019 CANADA
015 E040019 X
015 A000020 SOCIETE GENERALE
015 B000020 S
015 C010020 PARIS
015 D010020 FRANCE
015 E040020 X
015 A000021 BANQUE PARIBAS
015 B000021 S
015 C010021 PARIS
015 D010021 FRANCE
015 E040021 X
015 A000022 SICOVAM
015 B000022 S
015 C010022 FRANCE
015 D010022 FRANCE
015 E040022 X
015 A000023 SATURNE
015 B000023 S
015 C010023 FRANCE
015 D010023 FRANCE
015 E040023 X
015 A000024 DRESDNER BANK AG
015 B000024 S
015 C010024 GERMANY
015 D010024 GERMANY
015 E040024 X
015 A000025 DEUTSCHER KASSENVEREIN A.G.
015 B000025 S
015 C010025 GERMANY
015 D010025 GERMANY
015 E040025 X
015 A000026 ABN-AMRO BANK N.V.
015 B000026 S
015 C010026 AMSTERDAM
015 D010026 NETHERLANDS
015 E040026 X
015 A000027 DE NEDERLANDSCHE BANK N.V.
015 B000027 S
015 C010027 NETHERLANDS
015 D010027 NETHERLANDS
015 E040027 X
<PAGE> PAGE 5
015 A000028 NIEC
015 B000028 S
015 C010028 NETHERLANDS
015 D010028 NETHERLANDS
015 E040028 X
015 A000029 NECIGEF/KAS ASSOCIATIE NV
015 B000029 S
015 C010029 NETHERLANDS
015 D010029 NETHERLANDS
015 E040029 X
015 A000030 CENTRAL CLEARING AND SETTLEMENT SYSTEM
015 B000030 S
015 C010030 HONG KONG
015 D010030 HONG KONG
015 E040030 X
015 A000031 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
015 B000031 S
015 C010031 LISBON
015 D010031 PORTUGAL
015 E040031 X
015 A000032 INTERBOLSA
015 B000032 S
015 C010032 PORTUGAL
015 D010032 PORTUGAL
015 E040032 X
015 A000033 DELETE
015 A000034 SCLV
015 B000034 S
015 C010034 SPAIN
015 D010034 SPAIN
015 E040034 X
015 A000035 CBEO
015 B000035 S
015 C010035 SPAIN
015 D010035 SPAIN
015 E040035 X
015 A000036 THE CHASE MANHATTAN BANK
015 B000036 S
015 C010036 LONDON
015 D010036 UNITED KINGDOM
015 E010036 X
015 A000037 DELETE
015 A000038 FUJI BANK, LTD.
015 B000038 S
015 C010038 TOKYO
015 D010038 JAPAN
015 E040038 X
015 A000039 JASDEC
015 B000039 S
015 C010039 JAPAN
015 D010039 JAPAN
<PAGE> PAGE 6
015 E040039 X
015 A000040 DELETE
015 A000041 DELETE
015 A000042 DELETE
015 A000043 DELETE
015 A000044 DELETE
015 A000045 DELETE
015 A000046 CAJA DE VALORES
015 B000046 S
015 C010046 ARGENTINA
015 D010046 ARGENTINA
015 E040046 X
015 A000047 DELETE
015 A000048 DELETE
015 A000049 DELETE
015 A000050 FIRST NATIONAL BANK OF CHICAGO
015 B000050 S
015 C010050 LONDON
015 D010050 UNITED KINGDOM
015 E010050 X
015 A000051 THE CENTRAL GILTS OFFICE
015 B000051 S
015 C010051 UNITED KINGDOM
015 D010051 UNITED KINGDOM
015 E040051 X
015 A000052 THE CENTRAL MONEYMARKETS OFFICE
015 B000052 S
015 C010052 UNITED KINGDOM
015 D010052 UNITED KINGDOM
015 E040052 X
015 A000053 CREST
015 B000053 S
015 C010053 UNITED KINGDOM
015 D010053 UNITED KINGDOM
015 E040053 X
015 A000054 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000054 S
015 C010054 CANADA
015 D010054 CANADA
015 E040054 X
018 000000 Y
019 A000000 Y
019 B000000 212
019 C000000 MERRILLLYN
020 A000001 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
020 B000001 13-3894311
020 C000001 83
020 A000002 SMITH BARNEY INC.
020 B000002 13-1912900
020 C000002 83
020 A000003 CREDIT SUISSE FIRST BOSTON CORPORATION
<PAGE> PAGE 7
020 B000003 13-5659485
020 C000003 61
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000004 13-5674085
020 C000004 61
020 A000005 MORGAN (J.P.) SECURITIES INC.
020 B000005 13-3224016
020 C000005 54
020 A000006 LEHMAN BROTHERS INC.
020 B000006 13-2518466
020 C000006 54
020 A000007 MORGAN STANLEY & CO. INCORPORATED
020 B000007 13-2655998
020 C000007 38
020 A000008 GOLDMAN, SACHS & CO.
020 B000008 13-5108880
020 C000008 33
020 A000009 SCHRODER & CO. INC.
020 B000009 13-2697272
020 C000009 32
020 A000010 ABN AMRO HOARE GOVETT ASIA INC.
020 C000010 28
021 000000 908
022 A000001 GENERAL MOTORS ACCEPTANCE CORP.
022 C000001 2442018
022 D000001 0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002 65218
022 D000002 46402
022 A000003 CHASE SECURITIES INC.
022 B000003 13-3112953
022 C000003 53217
022 D000003 9947
022 A000004 MORGAN STANLEY & CO. INCORPORATED
022 B000004 13-2655998
022 C000004 44598
022 D000004 6768
022 A000005 HSBC SECURITIES, INC.
022 B000005 13-2650272
022 C000005 48179
022 D000005 0
022 A000006 MORGAN (J.P.) SECURITIES INC.
022 B000006 13-3224016
022 C000006 34853
022 D000006 5693
022 A000007 PRUDENTIAL SECURITIES INCORPORATED
022 B000007 22-2347336
022 C000007 15943
022 D000007 0
022 A000008 SMITH BARNEY INC.
<PAGE> PAGE 8
022 B000008 13-1912900
022 C000008 2368
022 D000008 11781
022 A000009 CREDIT SUISSE FIRST BOSTON CORPORATION
022 B000009 13-5659485
022 C000009 9329
022 D000009 4489
022 A000010 LEHMAN BROTHERS COMMERCIAL PAPER
022 C000010 8970
022 D000010 249
023 C000000 2732177
023 D000000 100251
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 3438
028 A020000 0
028 A030000 0
028 A040000 63682
028 B010000 3930
028 B020000 0
028 B030000 0
028 B040000 38696
028 C010000 2836
028 C020000 0
028 C030000 0
028 C040000 8877
028 D010000 2762
028 D020000 0
028 D030000 0
028 D040000 6881
028 E010000 1525
028 E020000 0
028 E030000 0
028 E040000 12848
028 F010000 4051
028 F020000 0
028 F030000 0
028 F040000 16257
028 G010000 18542
028 G020000 0
028 G030000 0
028 G040000 147241
<PAGE> PAGE 9
028 H000000 14692
029 000000 Y
030 A000000 8
030 B000000 5.25
030 C000000 0.00
031 A000000 1
031 B000000 0
032 000000 0
033 000000 7
034 000000 Y
035 000000 88
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 553
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
<PAGE> PAGE 10
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 A000000 Y
066 B000000 N
<PAGE> PAGE 11
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 124428
071 B000000 311804
071 C000000 349633
071 D000000 36
072 A000000 12
072 B000000 1400
<PAGE> PAGE 12
072 C000000 3436
072 D000000 0
072 E000000 0
072 F000000 3732
072 G000000 70
072 H000000 0
072 I000000 887
072 J000000 226
072 K000000 0
072 L000000 100
072 M000000 38
072 N000000 65
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 42
072 S000000 43
072 T000000 553
072 U000000 0
072 V000000 0
072 W000000 26
072 X000000 5782
072 Y000000 0
072 Z000000 -946
072AA000000 98851
072BB000000 57495
072CC010000 4119
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 48858
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 2
074 B000000 0
074 C000000 22911
074 D000000 0
074 E000000 15349
074 F000000 249821
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 655
074 M000000 23
074 N000000 288761
074 O000000 0
074 P000000 266
<PAGE> PAGE 13
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 932
074 S000000 0
074 T000000 287563
074 U010000 17812
074 U020000 1808
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 26511
074 Y000000 0
075 A000000 0
075 B000000 371169
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 O000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 750
081 A000000 Y
081 B000000 133
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE GERALD M. RICHARD
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000741886
<NAME> MERRILL LYNCH GLOBAL HOLDINGS, INC.
<SERIES>
<NUMBER> 001
<NAME> CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 210220275
<INVESTMENTS-AT-VALUE> 288081054
<RECEIVABLES> 655424
<ASSETS-OTHER> 24969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288761447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1198279
<TOTAL-LIABILITIES> 1198279
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 168767403
<SHARES-COMMON-STOCK> 17273971
<SHARES-COMMON-PRIOR> 22920493
<ACCUMULATED-NII-CURRENT> (595357)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41514938
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77876184
<NET-ASSETS> 254471772
<DIVIDEND-INCOME> 3436462
<INTEREST-INCOME> 1399571
<OTHER-INCOME> 0
<EXPENSES-NET> (5781816)
<NET-INVESTMENT-INCOME> (945783)
<REALIZED-GAINS-CURRENT> 41355924
<APPREC-INCREASE-CURRENT> 4119266
<NET-CHANGE-FROM-OPS> 44529407
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (39878951)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3466422
<NUMBER-OF-SHARES-REDEEMED> (11977403)
<SHARES-REINVESTED> 2864459
<NET-CHANGE-IN-ASSETS> (138617866)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 48840738
<OVERDISTRIB-NII-PRIOR> (1332387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3732027
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5781816
<AVERAGE-NET-ASSETS> 309736125
<PER-SHARE-NAV-BEGIN> 15.05
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.73
<EXPENSE-RATIO> 1.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000741886
<NAME> MERRILL LYNCH GLOBAL HOLDINGS, INC.
<SERIES>
<NUMBER> 002
<NAME> CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 210220275
<INVESTMENTS-AT-VALUE> 288081054
<RECEIVABLES> 655424
<ASSETS-OTHER> 24969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288761447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1198279
<TOTAL-LIABILITIES> 1198279
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 168767403
<SHARES-COMMON-STOCK> 1731390
<SHARES-COMMON-PRIOR> 4667281
<ACCUMULATED-NII-CURRENT> (595357)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41514938
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77876184
<NET-ASSETS> 24148053
<DIVIDEND-INCOME> 3436462
<INTEREST-INCOME> 1399571
<OTHER-INCOME> 0
<EXPENSES-NET> (5781816)
<NET-INVESTMENT-INCOME> (945783)
<REALIZED-GAINS-CURRENT> 41355924
<APPREC-INCREASE-CURRENT> 4119266
<NET-CHANGE-FROM-OPS> 44529407
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7314996)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 552814
<NUMBER-OF-SHARES-REDEEMED> (4016963)
<SHARES-REINVESTED> 528258
<NET-CHANGE-IN-ASSETS> (138617866)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 48840738
<OVERDISTRIB-NII-PRIOR> (1332387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3732027
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5781816
<AVERAGE-NET-ASSETS> 48660750
<PER-SHARE-NAV-BEGIN> 14.31
<PER-SHARE-NII> (.15)
<PER-SHARE-GAIN-APPREC> 1.39
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.95
<EXPENSE-RATIO> 2.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000741886
<NAME> MERRILL LYNCH GLOBAL HOLDINGS, INC.
<SERIES>
<NUMBER> 003
<NAME> CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 210220275
<INVESTMENTS-AT-VALUE> 288081054
<RECEIVABLES> 655424
<ASSETS-OTHER> 24969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288761447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1198279
<TOTAL-LIABILITIES> 1198279
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 168767403
<SHARES-COMMON-STOCK> 76423
<SHARES-COMMON-PRIOR> 417765
<ACCUMULATED-NII-CURRENT> (595357)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41514938
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77876184
<NET-ASSETS> 1060843
<DIVIDEND-INCOME> 3436462
<INTEREST-INCOME> 1399571
<OTHER-INCOME> 0
<EXPENSES-NET> (5781816)
<NET-INVESTMENT-INCOME> (945783)
<REALIZED-GAINS-CURRENT> 41355924
<APPREC-INCREASE-CURRENT> 4119266
<NET-CHANGE-FROM-OPS> 44529407
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (664387)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 227450
<NUMBER-OF-SHARES-REDEEMED> (618894)
<SHARES-REINVESTED> 50102
<NET-CHANGE-IN-ASSETS> (138617866)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 48840738
<OVERDISTRIB-NII-PRIOR> (1332387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3732027
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5781816
<AVERAGE-NET-ASSETS> 4157849
<PER-SHARE-NAV-BEGIN> 14.28
<PER-SHARE-NII> (.16)
<PER-SHARE-GAIN-APPREC> 1.39
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.63)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> 2.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000741886
<NAME> MERRILL LYNCH GLOBAL HOLDINGS, INC.
<SERIES>
<NUMBER> 004
<NAME> CLASS D
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 210220275
<INVESTMENTS-AT-VALUE> 288081054
<RECEIVABLES> 655424
<ASSETS-OTHER> 24969
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 288761447
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1198279
<TOTAL-LIABILITIES> 1198279
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 168767403
<SHARES-COMMON-STOCK> 538192
<SHARES-COMMON-PRIOR> 566770
<ACCUMULATED-NII-CURRENT> (595357)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 41514938
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77876184
<NET-ASSETS> 7882500
<DIVIDEND-INCOME> 3436462
<INTEREST-INCOME> 1399571
<OTHER-INCOME> 0
<EXPENSES-NET> (5781816)
<NET-INVESTMENT-INCOME> (945783)
<REALIZED-GAINS-CURRENT> 41355924
<APPREC-INCREASE-CURRENT> 4119266
<NET-CHANGE-FROM-OPS> 44529407
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (999340)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 576889
<NUMBER-OF-SHARES-REDEEMED> (677661)
<SHARES-REINVESTED> 72194
<NET-CHANGE-IN-ASSETS> (138617866)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 48840738
<OVERDISTRIB-NII-PRIOR> (1332387)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3732027
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5781816
<AVERAGE-NET-ASSETS> 8614172
<PER-SHARE-NAV-BEGIN> 14.97
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.73)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.65
<EXPENSE-RATIO> 1.64
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>