SUPPLEMENT DATED DECEMBER 3, 1998 TO THE
PROSPECTUS DATED APRIL 1, 1998 OF MERRILL LYNCH AMERICAS INCOME FUND, INC.
AND THE
PROSPECTUS DATED APRIL 2, 1998 OF MERRILL LYNCH GLOBAL BOND FUND FOR INVESTMENT
AND RETIREMENT
The seventh paragraph under "Management of the Fund - Management and
Advisory Arrangements" is revised by deleting the entire paragraph and adding
the following:
VINCENT T. LATHBURY, III is the Fund's Portfolio Manager. Mr. Lathbury
has been First Vice President of MLAM since 1997, Portfolio Manager of FAM and
MLAM since 1982 and was Vice President of MLAM from 1982 to 1997. Mr. Lathbury
is primarily responsible for the day-to-day management of the Fund's investment
portfolio.
Code #16802-0498ALL
Code #10417-0498ALL