MERRILL LYNCH GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
SUPPLEMENT DATED FEBRUARY 6, 1998 TO THE
PROSPECTUS DATED APRIL 28, 1997
The seventh paragraph under "Management of the Fund - Management and
Advisory Arrangements," which provides the name and biography of the
portfolio manager of the Fund, is revised as follows:
Paolo H. Valle has become the Portfolio Manager of the Fund and is
primarily responsible for the day-to-day management of the Fund's investment
portfolio. Mr. Valle has been a First Vice President of the Investment
Adviser since 1997 and a Senior Portfolio Manager of the Investment Adviser
since 1992. Mr. Valle served as a Vice President of the Investment Adviser
from 1992 until 1997.
Code #10417-0497ALL
