MERRILL LYNCH SR FLOAT RATE FD
497, 2000-05-09
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                 MERRILL LYNCH SENIOR FLOATING RATE FUND, INC.

                    Prospectus Supplement dated May 9, 2000

         Paul Travers has resigned as a Vice President and a Portfolio Manager
of the Fund. Richard C. Kilbride and Gilles Marchand continue to serve as Vice
Presidents and Portfolio Managers of the Fund.



Code # 10938-1299



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