MERRILL LYNCH NEW MEXICO MUNICIPAL BD FD OF MLMSMST
497, 2000-08-09
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                 MERRILL LYNCH NEW MEXICO MUNICIPAL BOND FUND
              OF MERRILL LYNCH MULTI-STATE MUNICIPAL SERIES TRUST

                     SUPPLEMENT DATED AUGUST 9, 2000 TO THE
                       PROSPECTUS DATED NOVEMBER 1, 1999

         The information appearing under the section entitled "ABOUT THE
PORTFOLIO MANAGER" is revised by deleting such information and adding the
following:

         Robert D. Sneeden is the Portfolio Manager of the Fund and a Vice
President of the Fund. Mr. Sneeden has been an Assistant Vice President and
Portfolio Manager of Merrill Lynch Investment Managers since 1994.

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