<PAGE> 1
October 27, 1995
VIA ELECTRONIC FILING
- ---------------------
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Attention: Division of Investment Mangement
Re: Merrill Lynch Developing Capital Markets Fund, Inc.
Post-Effective Amendment No. 9 under the Securities Act
to the Registration Statement on Form N-1A
(Securities Act File No. 33-28248;
Investment Company Act File No. 811-5723)
--------------------------------------------------------
Ladies and Gentlemen:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended
(the "1933 Act"), Merrill Lynch Developing Capital Markets Fund, Inc. (the
"Fund") hereby certifies that:
(1) the form of prospectus and statement of additional
information that would have been filed pursuant to Rule
497(e) under the 1933 Act would not have differed from
that contained in Post-Efective Amendment No.9 to the
Fund's Registration Statement on Form N-1A, constituting
the most recent amendment to the Fund's Registration
Statement on Form N-1A; and
(2) the text of Post-Effective Amendment No. 9 to the Fund's
Registration Statement on Form N-1A was filed electronically
with the Securities and Exchange Commission on October 25,
1995.
Very truly yours,
MERRILL LYNCH DEVELOPING CAPITAL
MARKETS FUND, INC.
By: /s/ Mark B. Goldfus
Authorized Officer
