MERRILL LYNCH GLOBAL BOND FUND FOR INVESTMENT AND RETIREMENT
Supplement dated February 10, 1999 to the
Prospectus dated April 2, 1998
The seventh paragraph under "Management of the Fund - Management and
Advisory Arrangements" is revised by deleting the entire paragraph and adding
the following:
HARRY J. ESCOBAR is the Fund's Portfolio Manager. Mr. Escobar has been a
Director (Global Fixed Income) of MLAM since August 1998. Previously, he was a
Senior Vice President in the Fixed Income group at Lehman Brothers, Inc. from
1991 to 1998. Mr. Escobar is primarily responsible for the day to day
management of the Fund's investment portfolio.
Code #10417-0498ALL