MERRILL LYNCH INTERNATIONAL EQUITY FUND
Supplement dated December 6, 2000 to the
Prospectus dated September 29, 2000
The section captioned "About The Portfolio Manager" appearing
on page 8 is amended as follows:
The biography of Clive D. Lang is hereby removed, and is
replaced by the following biography of Jeremy Beckwith, who is primarily
responsible for the day-to-day management of the Fund's portfolio:
Jeremy Beckwith has been the Fund's Senior Portfolio Manager
since December 2000 and a Director of Stock Selection
(International Equity and International Equity Focus Funds) of
Merrill Lynch Asset Management U.K. Ltd. since 1998. Mr.
Beckwith was a Managing Director of the Portfolio Management
Group of Merrill Lynch Global Asset Management Ltd. from 1990
to 1998.
