MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL BOND FUND OF MERR
497, 1994-08-18
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             Merrill Lynch California Insured Municipal Bond Fund
              of Merrill Lynch California Municipal Series Trust
                Supplement dated August 16, 1994 to Prospectus
                             dated December 23, 1993

     The Fund's portfolio insurance relates only to payment on the Municipal
     Bonds (as that term is defined in the Prospectus under Investment
     Objective and Policies) held by the Fund and not to the value of Fund 
     shares.



     Code#16574-IN



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