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MERRILL LYNCH UTILITY INCOME FUND, INC.
Supplement to Prospectus Dated October 21, 1994
FOR USE IN OHIO
This Prospectus must be delivered to Ohio investors prior to the
consummation of a sale.
The Fund is authorized to invest up to 15% of its net assets in
securities that cannot be readily resold because of legal or contractual
restrictions or that are otherwise not readily marketable. Restrictions on
resale and illiquidity may involve additional risks to the Fund. In addition,
Rule 144A securities which are determined to be liquid are not subject to the
Fund's 15% restriction.
Code #168550H
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MERRILL LYNCH UTILITY INCOME FUND, INC.
Supplement to Prospectus Dated October 21, 1994
FOR USE IN WISCONSIN
Prospective Wisconsin investors should note that, currently, the Fund may
invest up to 10% of its total assets in restricted securities. It is the
opinion of the Wisconsin Securities Commission that investment in restricted
securities in excess of 5% of the Fund's total assets may be considered a
speculative activity and may involve greater risk and may increase Fund
Expenses.
Code #16855WI
