MERRILL LYNCH TECHNOLOGY FUND INC
497, 1998-08-05
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                      MERRILL LYNCH TECHNOLOGY FUND, INC.

                    SUPPLEMENT DATED AUGUST 5, 1998 TO THE
                        PROSPECTUS DATED JUNE 30, 1998


     The fifth paragraph under "Management of the Company-Advisory and
Management Arrangements" which provides information about the portfolio
manager of the Company, is revised by deleting the information relating to
James K. Renck and adding the following:

     Paul Gerard Meeks is Portfolio Manager of the Company. Mr. Meeks has been
associated with the Investment Adviser since May 1998 and is responsible for
the day-to-day management of the Company's investment portfolio. Prior to
joining the Investment Adviser, Mr. Meeks held various positions with Jurika &
Voyles, L.P. including technology analyst from 1994 to 1998, director of
research from 1995 to 1998, principal from 1996 to 1998 and portfolio manager
of the Jurika & Voyles Mini-Cap Fund from 1997 to 1998. From 1992 to 1994, Mr.
Meeks held various positions with Strong/Corneliuson Capital Management, Inc.,
including equity analyst and researcher.


Code #16089-0698ALL


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