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<PAGE> MERRILL LYNCH LATIN AMERICA FUND, INC. SUPPLEMENT DATED MARCH 29, 1994, TO PROSPECTUS DATED MARCH 29, 1994 FOR USE IN OHIO This Prospectus must be delivered to the investor prior to the consummation of sale. Investment in the Fund may involve a higher degree of risk than investment in more traditional diversified investment companies because the Fund may, as to 50% of its assets, purchase more than 10% of the voting securities of any one issuer. Code #13989-OH
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