MERRILL LYNCH U.S. TREASURY MONEY FUND
Supplement dated September 29, 1999 to Prospectus dated March 30, 1999
It is anticipated that dividend recapture will be effective on or
about October 1, 1999.
The first paragraph under the section headed "Dividends and Taxes" on
page 12 of the Prospectus is revised to read as follows:
"DIVIDENDS of ordinary income are declared and reinvested daily in the
form of additional shares at net asset value. Shareholders will receive
statements monthly or quarterly as to such reinvestments. Shareholders redeeming
their holdings will receive all dividends declared and reinvested through the
date of redemption, except where they request a transaction that settles on a
same-day basis. In that case, unless otherwise requested, shareholders will
receive all dividends declared and reinvested through the date immediately
preceding the date of redemption. Dividends of capital gains, if any, will be
paid to shareholders at least annually. It is expected that income will comprise
most of the Fund's distributions."
Code #11624-0198ALL
