March 27, 2000
VIA ELECTRONIC FILING
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Attention: Division of Investment Management
RE: Merrill Lynch Developing Capital Markets Fund, Inc.
Pre-Effective Amendment No. 1 to the Registration
Statement on Form N-14 (Securities Act File
No. 333-96005, Investment Company Act 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 Joint Proxy Statement and
Prospectus and Statement of Additional
Information that would have been filed pursuant
to Rule 497(b) under the 1933 Act would not
have differed from that contained in
Pre-Effective Amendment No. 1 to the Fund's
Registration Statement on Form N-14; and
(2) the text of Pre-Effective Amendment No. 1
to the Fund's Registration Statement on
Form N-14 was filed electronically
with the Securities and Exchange Commission
on March 22, 2000.
Very truly yours,
MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND, INC.
By: /s/ Susan B. Baker
______________________________
Susan B. Baker
Secretary
