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Mercury HW Large Cap Value Fund
Mercury HW Mid-Cap Value Fund
Mercury HW Small Cap Value Fund
Mercury HW Global Value Fund
Mercury HW Balanced Fund
Mercury Short-Term Investment Fund
Supplement of the prospectuses dated October 6, 2000
PRICING OF SHARES
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Certain financial institutions may charge you additional fees in connection
with transactions in Fund shares. The Investment Adviser, the Distributor or
their affiliates may make payments out of their own resources to securities
dealers and other financial intermediaries for providing services intended to
result in the sale of Fund shares or for shareholder servicing activities.
November 10, 2000
Code # MHW-SUPP-1100
