July 25, 1994
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, D.C. 20549
Re: Rule 24f-2 Notice for
MERRILL LYNCH ADJUSTABLE RATE
SECURITIES FUND, INC.
File No. 33-40332
Dear Sirs:
In accordance with the provisions of Rule 24f-2
under the Investment Company Act of 1940, Merrill
Lynch Adjustable Rate Securities Fund, Inc. (the
"Fund") hereby files its Rule 24f-2 Notice (the
"Notice").
1. The Notice is being filed for the fiscal year
of the Fund ended May 31, 1994
(the "Fiscal Year").
2. No shares of common stock of the Fund which had
been registered under the Securities Act of 1933
(the "Securities Act") other than pursuant to
Rule 24f-2 remained unsold at the beginning of
the Fiscal Year.
3. 23,992,130 shares of common stock were
registered under the Securities Act during
the Fiscal Year other than pursuant to Rule 24f-2.
4. 6,134,420 shares of common stock were sold
during the Fiscal Year.*
5. No shares of common stock were sold during the
Fiscal Year in reliance upon registration pursuant to
Rule 24f-2.
_______________
*Of this amount, 1,365, 792 Class A shares were sold at an
aggregate price of $13,330,645 and 4,768,628 Class B shares
were sold at an aggregate price of $46,269,096. The
aggregate sale price for all shares sold during the Fiscal
Year was $59,599,741.
<PAGE>
Please direct any questions relating to this
filing to Michael J. Hennewinkel at Merrill Lynch
Asset Management, P.O. Box 9011, Princeton, N.J.
08543-9011, (609) 282-2024, or to Laurin
Blumenthal Kleiman At Brown & Wood, One World
Trade Center, New York, New York 10048, (212) 839-
8525.
Very truly yours,
MERRILL LYNCH ADJUSTABLE RATE SECURITIES FUND,
INC.
By /s/ Michael J. Hennewinkel
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Michael J. Hennewinkel
Secretary
