MERRILL LYNCH GLOBAL SMALLCAP FUND INC
497, 1997-04-30
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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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