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MERRILL LYNCH EMERGING TIGERS FUND, INC.
Supplement dated January 26, 2000
to Prospectus dated March 31, 1999
On January 20, 2000, the Board of Directors of Merrill Lynch Emerging
Tigers Fund, Inc. (the "Fund") approved an Agreement and Plan of Reorganization
between the Fund and Merrill Lynch Dragon Fund, Inc. ("Dragon") pursuant to
which Dragon would acquire substantially all of the Fund's assets and assume
substantially all of the Fund's liabilities in exchange for newly issued shares
of Dragon, and thereafter the Fund will deregister as an investment company
under the Investment Company Act of 1940, a amended, and dissolve in accordance
with the laws of the State of Maryland (the "Reorganization").
The Reorganization is conditioned upon approval by the Fund's stockholders.
A special meeting of the stockholders of the Fund to consider the
Reorganization has been called for April 26, 2000. The record date for
determining the stockholders entitled to receive notice of and to vote at the
special meeting is March 15, 2000. If all of the requisite approvals are
obtained, it is anticipated that the Reorganization will take place in the
second calendar quarter of 2000.
If the Reorganization takes place, Fund stockholders will receive shares of
that class of Dragon having the same letter designation (i.e., Class A, Class B,
Class C or Class D) and the same distribution fees, account maintenance fees,
and sales charges (including contingent deferred sales charges), if any, as the
shares of the Fund held by them immediately prior to the Reorganization.
Code #17034-03-99ALL
