MERRILL LYNCH ASSET BUILDER PROGRAM, INC.
Supplement Dated December 7, 1999 to Prospectus Dated June 1, 1999
Quality Bond Portfolio at a Glance
The "Quality Bond Portfolio at a Glance--What are the Portfolio's main
investment strategies?" section is revised by deleting in its entirety the
second sentence of the section and substituting the following:
The Quality Bond Portfolio anticipates that under normal circumstances more
than 90% of the assets of the Portfolio will be invested in fixed income
securities of any maturity. The Quality Bond Portfolio invests primarily in
securities rated within the three highest rating categories of a nationally
recognized rating agency including Standard & Poor's (AAA, AA or A) or Moody's
(Aaa, Aa or A) or that have similar credit characteristics in the judgment of
the Investment Adviser.
Code # 18471-0599ALL
