MERRILL LYNCH TECHNOLOGY FUND, INC.
Supplement dated May 25, 1999
to Prospectus dated June 30, 1998
On May 25, 1999, the Board of Directors of Merrill Lynch Technology Fund,
Inc. (the "Fund") approved an Amended Agreement and Plan of Reorganization
between the Fund and Merrill Lynch Global Technology Fund, Inc. ("Global
Technology") pursuant to which Global Technology would acquire substantially
all of the Fund's assets and assume substantially all of the Fund's
liabilities in exchange for newly issued shares of Global Technology, and
thereafter the Fund will deregister as an investment company under the
Investment Company Act of 1940, as amended, and dissolve in accordance with
the laws of the State of Maryland (the "Reorganization").
The Reorganization is conditioned upon approval by the Fund's
stockholders. A special meeting of the stockholders of the Fund to consider
the Reorganization has been called for August 11, 1999. The record date for
determining the stockholders entitled to receive notice of and to vote at the
special meeting is May 28, 1999. If all of the requisite approvals are
obtained, it is anticipated that the Reorganization will take place in the
third calendar quarter of 1999.
If the Reorganization takes place, Fund stockholders will receive shares
of that class of Global Technology having the same letter designation (i.e.,
Class A, Class B, Class C or Class D) and the same distribution fees, account
maintenance fees, and sales charges (including contingent deferred sales
charges), if any, as the shares of the Fund held by them immediately prior to
the Reorganization.
Code # 16089-0698ALL
