MERRILL LYNCH GLOBAL SMALLCAP FUND, INC.
Supplement dated April 24, 1998 to the
Prospectus dated September 26, 1997
The section entitled "Management of the Fund - Management and Advisory
Arrangements," which provides the names and biographies of the persons
associated with the Manager who are primarily responsible for the day-to-day
management of the Fund's investment portfolio, is revised by deleting the eighth
paragraph containing information relating to Andrew John Bascand and adding the
following:
KENNETH L.CHIANG - Senior Portfolio Manager of the Fund - First Vice
President of the Manager since 1998; Managing Partner of Samuel Asset Management
from 1997 to 1998. Previously, Mr. Chiang served as Vice President and Portfolio
Manager of the Manager from 1993 to 1997. Mr. Chiang is primarily responsible
for the day-to-day management of the Fund's investment portfolio.
Code #18187-0997ALL
