MERRILL LYNCH GLOBAL SMALLCAP FUND INC
497, 1998-04-24
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                    MERRILL LYNCH GLOBAL SMALLCAP FUND, INC.

                     Supplement dated April 24, 1998 to the
          Statement of Additional Information dated September 26, 1997


     The section  entitled  "Management of the Fund," is revised by deleting the
information relating to Andrew John Bascand and adding the following:

     Kenneth  L.  Chiang  (36)  -  Senior  Portfolio  Manager  (1)  - First Vice
President  of  the  Manager  since  1998;   Managing  Partner  of  Samuel  Asset
Management   from  1997  to  1998;   Vice  President   and   Portfolio   Manager
of the  Manager  from  1993  to  1997.

Code     #18186-0997ALL




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