MERRILL LYNCH INTERNATIONAL EQUITY FUND
Supplement dated December 6, 2000 to the
Statement of Additional Information dated September 29, 2000
The section captioned "Trustees and Officers" beginning on page
13 is amended as follows:
The biography of Clive D. Lang appearing on page 14 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 (39) - Senior Vice President and Senior
Portfolio Manager(1)(2) - Director of Stock Selection (International
Equity and International Equity Focus Funds) of Merrill Lynch Asset
Management U.K. Ltd. since 1998; Managing Director of the Portfolio
Management Group of Merrill Lynch Global Asset Management Ltd. from 1990
to 1998.
