MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
SUPPLEMENT DATED OCTOBER 7, 1997 TO
PROSPECTUS DATED FEBRUARY 24, 1997
The third 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:
Daniel A. Luchansky is the Portfolio Manager of the Fund. Mr. Luchansky
has been a Vice President of the Manager since 1991. Mr. Luchansky is
responsible for the day-to-day management of the Fund's investment portfolio.
Code #10665-0297ALL