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MERRILL LYNCH GROWTH FUND
Supplement Dated April 1, 1998
To Prospectus Dated January 30, 1998
The disclosure set forth under "Management of the Fund--Management and
Advisory Arrangements" is modified as follows:
Effective March 30, 1998, Arthur Moretti is the portfolio manager and a
Senior Vice President of the Fund. Mr. Moretti was previously the associate
portfolio manager of the Fund. Mr. Moretti has been a Director of the Manager
since 1997 and previously was Vice President of the Manager from March 1993 to
1997.
Code # 10479-0498ALL
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MERRILL LYNCH GROWTH FUND
Supplement Dated April 1, 1998
To The Statement of Additional Information Dated January 30, 1998
The disclosure set forth under "Management of the Fund--Trustees and
Officers" is modified as follows:
Arthur Moretti (34)--Senior Vice President and Portfolio Manager of the
Fund (1)--Director (Equity Fund Management) since 1997; Vice President of MLAM
from 1992 to 1997.
Code # 10480-0498ALL