MERRILL LYNCH GLOBAL RESOURCES TRUST /, 497, 1997-12-16

MERRILL LYNCH GLOBAL RESOURCES TRUST /
497, 1997-12-16

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                     MERRILL LYNCH GLOBAL RESOURCES TRUST

                  SUPPLEMENT DATED DECEMBER 16, 1997 TO THE
                      PROSPECTUS DATED NOVEMBER 14, 1997

     Robert M. Shearer has  become the Fund's Portfolio Manager.  Mr. Shearer
is  responsible  for  the  day-to-day  management  of  the Fund's  investment
portfolio.   He has  been an Associate  Portfolio Manager  of the  Fund since
1997.  From 1996  to 1997 he was a Vice President  and an Assistant Portfolio
Manager at David L. Babson and  Company, Incorporated.  From 1993 to 1996  he
was  a Vice  President/Sector Manager  at Concert  Capital Management.   From
1988-1993  he  was the  Senior  Energy  Analyst  at Fiduciary  Trust  Company
International.

Code    # 10301-1197ALL


                     MERRILL LYNCH GLOBAL RESOURCES TRUST

                  SUPPLEMENT DATED DECEMBER 16, 1997 TO THE
         STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 14, 1997

     The name and  biography of the portfolio  manager of the Fund,  which is
listed  under "Management of the Trust  -- Trustees and Officers," is revised
as follows:

     Robert M. Shearer (42)  - Portfolio Manager (1)(2)  - Vice President  of
MLAM since 1997.

Code    # 10302-1197ALL