MERRILL LYNCH MULTI STATE LTD MATURITY MUN SERIES TRUST
497, 1995-11-28
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         MERRILL LYNCH MICHIGAN LIMITED MATURITY MUNICIPAL BOND FUND OF
       MERRILL LYNCH MULTI-STATE LIMITED MATURITY MUNICIPAL SERIES TRUST
 
                               ----------------
 
              SUPPLEMENT TO THE PROSPECTUS DATED NOVEMBER 21, 1995
 
                               ----------------
 
                             FOR ILLINOIS INVESTORS
 
  The Merrill Lynch Michigan Limited Maturity Municipal Bond Fund is the only
fund available to residents in the State of Illinois. Residents cannot purchase
interests in any of the other funds.
 
Code # 16925--1195IL


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