MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC
NSAR-A, 1998-02-26
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<PAGE>      PAGE  1
000 A000000 12/31/97
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 


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<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

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<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
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<CIK> 0000849402
<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
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   <NAME> CLASS C
       
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<CIK> 0000849402
<NAME> MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
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