MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC
NSAR-B, 1997-08-26
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<PAGE>      PAGE  1
000 B000000 06/30/97
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<PAGE>      PAGE  2
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 


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