July 20, 1995
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 31,1995
(the "Fiscal Year").
2. 17,857,710 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. 41,420,452 shares of common stock
were registered under the Securities Act
during the Fiscal Year other than
pursuant to Rule 24f-2.
4. 4,210,768 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 68,974 Class A shares were
sold at an aggregate price of $651,590, 3,506,784
Class B shares were sold at an aggregate price of
$33,206,006, 231,275 Class C shares were sold at
an aggregate price of $2,187,668 and 403,735
Class D shares were sold at an aggregate price
of $3,860,470. The aggregate sale price for all shares
sold during the Fiscal Year was $39,905,734.
<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
