MERRILL LYNCH GLOBAL SMALLCAP FUND INC, 497, 1994-10-21

MERRILL LYNCH GLOBAL SMALLCAP FUND INC
497, 1994-10-21

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                    MERRILL LYNCH GLOBAL SMALLCAP FUND, INC.
 
              SUPPLEMENT DATED OCTOBER 21, 1994 TO THE PROSPECTUS
                             DATED OCTOBER 21, 1994
 
                          FOR USE IN THE STATE OF OHIO
 
     NOTWITHSTANDING THE FACT THAT THE BOARD 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 WHICH 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 ISSUERS WHICH ARE RESTRICTED AS TO DISPOSITION,
INCLUDING RULE 144A SECURITIES.
 
Code # 18187-OH