MERRILL LYNCH GLOBAL SMALLCAP FUND INC
497, 1996-02-29
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                   MERRILL LYNCH GLOBAL SMALLCAP FUND, INC.


                  SUPPLEMENT DATED FEBRUARY 29, 1996 TO THE
              PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
                            DATED OCTOBER 25, 1995



     Dennis W. Stattman is no longer a Vice President and
Portfolio Manager of the Fund.  Daniel V. Szemis has joined the
Fund as a Portfolio Manager.  Mr. Szemis is primarily responsible
for the Fund's investments in North America.  Mr. Szemis also
joined the Investment Adviser in 1996.  From 1990 to 1996, Mr.
Szemis was Senior Portfolio Manager of Prudential Mutual Fund
Investment Management Advisors.



Code # 18187-1095ALL
       18186-1095ALL

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