Merrill Lynch Middle East/Africa Fund, Inc.
Supplement Dated June 22, 1995 to the
Prospectus Dated June 22, 1995
FOR USE IN THE STATE OF OHIO
The Fund is a non-diversified, open-end, management investment company.
Consequently, investment in the Fund may involve a higher degree of risk than
investment in open-end, diversified investment companies because, although the
Fund may not purchase more than 10% of the voting securities of any one issuer
with regard to 50% of the Fund's assets, the remaining assets may be invested
without this restriction. See ''Investment Restrictions--Non-Diversified
Status''.
Notwithstanding the fact that the Board of Directors of the Fund may
determine that a Rule 144A security is liquid and not subject to the 15%
restriction on illiquid securities, the State of Ohio does not recognize Rule
144A securities as securities that are free of restrictions as to resale.
Consequently, to the extent required by Ohio law, the Fund will not invest
more than 50% of its total assets in securities of unseasoned issuers or in
securities that are restricted as to disposition, including Rule 144A
securities.
This Prospectus must be delivered to Ohio investors prior to the
consummation of the sale of Fund shares.
Code #18415-0695 OH
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MERRILL LYNCH MIDDLE EAST/AFRICA FUND, INC.
Supplement Dated June 22, 1995 to the
Prospectus Dated June 22, 1995
FOR USE IN THE STATE OF MARYLAND
The Fund may invest in certain derivative instruments, such as indexed
and inverse securities, to enhance its return; derivative instruments used to
enhance return may have certain speculative characteristics.
Code #18415-0695 MD
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MERRILL LYNCH MIDDLE EAST/AFRICA FUND, INC.
Supplement Dated June 22, 1995 to the
Prospectus Dated June 22, 1995
FOR USE IN THE STATE OF MINNESOTA
The restricted securities and derivative instruments in which the Fund
may invest may have certain speculative characteristics, and investors should
consider carefully whether the Fund is a suitable investment vehicle for them.
Code #18415-0695 MN
