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MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
SUPPLEMENT DATED FEBRUARY 7, 1994 TO
PROSPECTUS DATED OCTOBER 28, 1993
The first sentence of the third paragraph on page 19 of the Prospectus is
replaced as follows:
Initial sales charges will be waived for shareholders purchasing
$1 million or more in a single transaction (other than an employer
sponsored retirement or savings plan, such as a tax qualified
retirement plan under Section 401 of the Internal Revenue Code of
1986, as amended (the "Code"), a deferred compensation plan under
Section 403(b) and Section 457 of the Code, other deferred
compensation arrangements, VEBA plans and non-qualified After Tax
Savings and Investment programs maintained on the Merrill Lynch
Group Employee Services system herein referred to as "Employer
Sponsored Retirement or Savings Plans"), or a purchase by a TMAsm
Managed Trust, of shares of the Fund.
In addition, the disclosure set forth under "Reduced Sales Charges" is
amended to reflect that shares are offered at net asset value to certain
Employer Sponsored Retirement or Savings Plans, provided such plans meet the
required minimum number of eligible employees or required amount of assets
advised by the Fund's investment adviser or any of its affiliates.
Additional information regarding investments by Employer Sponsored
Retirement or Savings Plans may be obtained from your Merrill Lynch financial
consultant.
Code #10893ALL-3
