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MERRILL LYNCH AMERICAS INCOME FUND, INC.
SUPPLEMENT DATED OCTOBER 21, 1994 TO
PROSPECTUS DATED OCTOBER 21, 1994
FOR USE IN THE STATE OF WISCONSIN
THE FUND MAY INVEST IN SECURITIES RESTRICTED AS TO RESALE WITHOUT
REGISTRATION UNDER THE SECURITIES ACT OF 1933 ("RESTRICTED SECURITIES"), THE
SECURITIES OF UNSEASONED ISSUERS, AND ILLIQUID SECURITIES. HOWEVER, THE
COMBINED TOTAL OF SUCH INVESTMENTS WILL NOT EXCEED 15% OF THE FUND'S TOTAL
ASSETS. WITHIN THAT LIMITATION, RESTRICTED SECURITIES, OTHER THAN THOSE
ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT OF 1933 AND
DETERMINED TO BE LIQUID UNDER GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS,
WILL BE LIMITED TO 10% OF THE FUND'S TOTAL ASSETS. IN ADDITION, THE FUND MAY
ENGAGE IN SHORT SALES AND BORROW MONEY, UP TO 33 1/3% OF ITS TOTAL ASSETS, FOR
INVESTMENT PURPOSES. IT IS THE OPINION OF THE WISCONSIN SECURITIES COMMISSION
THAT SUCH ACTIVITIES MAY BE CONSIDERED SPECULATIVE ACTIVITIES INVOLVING GREATER
RISKS OR COSTS TO THE FUND.
CODE # 16802WI
