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MERRILL LYNCH LATIN AMERICA FUND, INC.
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SUPPLEMENT DATED JANUARY 5, 1994 TO
PROSPECTUS DATED MARCH 30, 1993
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The disclosure set forth under "Initial Sales Charge Alternative -- Class A
Shares" is modified as follows:
Initial sales charges may be waived for shareholders purchasing $1 million
or more in a single transaction (other than a tax qualified retirement plan
under Section 401 of the Internal Revenue Code of 1986, as amended (the "Code"),
or deferred compensation plan under Section 403(b) and Section 457 of the Code),
or a purchase by a TMASM Managed Trust, of Class A shares of the Fund. In
addition, purchases of Class A shares of the Fund made in connection with a
single investment of $1 million or more under the Merrill Lynch Mutual Fund
Adviser Program will not be subject to an initial sales charge. Purchases
described in this paragraph will be subject to a contingent deferred sales
charge if the shares are redeemed within one year after purchase at the
following rates:
<TABLE>
<CAPTION>
CONTINGENT DEFERRED SALES
CHARGE AS A PERCENTAGE OF
DOLLAR AMOUNT SUBJECT TO
AMOUNT OF PURCHASE CHARGE
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<S> <C>
$1 million up to $2.5 million.................. 1.00%
Over $2.5 million up to $3.5 million........... 0.60%
Over $3.5 million up to $5 million............. 0.40%
Over $5 million................................ 0.25%
</TABLE>
The above discussed contingent deferred sales charge would be in addition
to the redemption fee imposed on shares of the Fund redeemed within 12 months of
purchase at the rate of 2.00% of the net asset value of the shares being
redeemed. As explained in the Prospectus, the redemption fee is retained by the
Fund and may be used to cover the costs of liquidating securities.
Code #13989S-4
