MERRILL LYNCH EUROFUND
Supplement dated April 28, 2000 to the
Statement of Additional Information dated January 31, 2000
The ninth paragraph under the section entitled "Management of the Fund -
Trustees and Officers" which provides information about the portfolio manager
of the Fund is revised by deleting the paragraph in its entirety and adding
the following:
JAMES A. MACMILLAN (34) - Portfolio Manager (1)(2) - Director (Equity
Fund Management) of the Asset Management Group of ML & Co. since
1999; Portfolio Manager of the Manager or its affiliates since 1993.
Code #10476-01-00ALL