MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC
NSAR-B, 1996-08-27
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SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 


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<ARTICLE> 6
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<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
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<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        671318502
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000849402
<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
<SERIES>
   <NUMBER> 002
   <NAME> CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        671318502
<INVESTMENTS-AT-VALUE>                       741513322
<RECEIVABLES>                                 28404834
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000849402
<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
<SERIES>
   <NUMBER> 003
   <NAME> CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
<PERIOD-START>                             JUL-01-1995
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000849402
<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
<SERIES>
   <NUMBER> 004
   <NAME> CLASS D
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1996
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</TABLE>


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