MERRILL LYNCH GLOBAL BOND FUND FOR INVESTMENT & RETIREMENT
NSAR-A, 1996-08-26
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<PAGE>      PAGE  1
000 A000000 06/30/96
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001 A000000 ML GLOBAL BOND FUND FOR INVESTMENT&RETIREMENT
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002 A000000 P.O. BOX 9066
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<PAGE>      PAGE  2
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794220
<NAME> ML GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A
       
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<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                  (1418976)
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<NET-CHANGE-IN-ASSETS>                      (91305896)
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<EXPENSE-RATIO>                                    .92
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794220
<NAME> ML GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
<SERIES>
   <NUMBER> 002
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        571200435
<INVESTMENTS-AT-VALUE>                       565817075
<RECEIVABLES>                                115949934
<ASSETS-OTHER>                                  437616
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               682204625
<PAYABLE-FOR-SECURITIES>                     126882220
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5997813
<TOTAL-LIABILITIES>                          132880033
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     608277722
<SHARES-COMMON-STOCK>                         48894509
<SHARES-COMMON-PRIOR>                         56706027
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<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
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<ACCUMULATED-GAINS-PRIOR>                   (37887426)
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<EXPENSE-RATIO>                                   1.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794220
<NAME> ML GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
<SERIES>
   <NUMBER> 003
   <NAME> CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        571200435
<INVESTMENTS-AT-VALUE>                       565817075
<RECEIVABLES>                                115949934
<ASSETS-OTHER>                                  437616
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               682204625
<PAYABLE-FOR-SECURITIES>                     126882220
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5997813
<TOTAL-LIABILITIES>                          132880033
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     608277722
<SHARES-COMMON-STOCK>                          1134217
<SHARES-COMMON-PRIOR>                           887974
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (51886017)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (7067113)
<NET-ASSETS>                                  10367094
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             20966639
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4670687)
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<NET-CHANGE-FROM-OPS>                        (9251210)
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<DISTRIBUTIONS-OF-INCOME>                     (256270)
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<NUMBER-OF-SHARES-SOLD>                         413802
<NUMBER-OF-SHARES-REDEEMED>                   (188491)
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<ACCUMULATED-GAINS-PRIOR>                   (37887426)
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<AVERAGE-NET-ASSETS>                           9688308
<PER-SHARE-NAV-BEGIN>                             9.54
<PER-SHARE-NII>                                    .25
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.78
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794220
<NAME> ML GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
<SERIES>
   <NUMBER> 004
   <NAME> CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        571200435
<INVESTMENTS-AT-VALUE>                       565817075
<RECEIVABLES>                                115949934
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<PAYABLE-FOR-SECURITIES>                     126882220
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<TOTAL-LIABILITIES>                          132880033
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     608277722
<SHARES-COMMON-STOCK>                           961321
<SHARES-COMMON-PRIOR>                           593879
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (51886017)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                   8788428
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             20966639
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<REALIZED-GAINS-CURRENT>                    (13998591)
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<DISTRIBUTIONS-OF-INCOME>                     (211650)
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         849666
<NUMBER-OF-SHARES-REDEEMED>                   (498800)
<SHARES-REINVESTED>                              16576
<NET-CHANGE-IN-ASSETS>                      (91305896)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   (37887426)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4670687
<AVERAGE-NET-ASSETS>                           7171542
<PER-SHARE-NAV-BEGIN>                             9.54
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                          (.40)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.17
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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