MERRILL LYNCH FL MUN BOND FD OF MERRILL LYNCH MUL ST MUN SER, 497, 1996-03-13

MERRILL LYNCH FL MUN BOND FD OF MERRILL LYNCH MUL ST MUN SER
497, 1996-03-13

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                 MERRILL LYNCH FLORIDA MUNICIPAL BOND FUND OF
               MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST

                      SUPPLEMENT DATED MARCH 13, 1996 TO
          STATEMENT OF ADDITIONAL INFORMATION DATED NOVEMBER 1, 1995

     The name and  biography of the portfolio  manager of the Fund,  which is
listed under "Management  of the Trust -- Trustees and  Officers", is revised
as follows:

     ROBERT A. DiMELLA,  CFA (29) - Portfolio Manager(1)(2)  - Assistant Vice
President since 1995;  Assistant Portfolio Manager of MLAM from 1993 to 1995;
Assistant Portfolio Manager with Prudential Investment Advisors from 1992  to
1993; Research  Associate with Prudential Investment Corporation from 1989 to
1992.

Code #13905-1195ALL