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MERRILL LYNCH GLOBAL SMALLCAP FUND, INC. SUPPLEMENT DATED APRIL 30, 1997 TO THE PROSPECTUS DATED OCTOBER 28, 1996 The "Management of the Fund - Management and Advisory Arrangements" section should be amended by replacing the seventh full paragraph on page 25 with the following: R. Elise Baum - Vice President of the Fund - Vice President of the Manager since 1995; employee of the Manager since 1992. Ms. Baum is primarily responsible for investments in North America. Code # 18187-1096ALL
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