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MERRILL LYNCH ASSET GROWTH FUND, INC. SUPPLEMENT DATED MAY 10, 1996 TO STATEMENT OF ADDITIONAL INFORMATION DATED DECEMBER 27, 1995 A correction is necessary in the section entitled "Investment Restrictions." Investment Restriction Number 1 on page 11 is amended to read in its entirety as follows: 1. Make any investment inconsistent with the Fund's classification as a non- diversified company under the Investment Company Act. Code # 18239-1295ALL-1
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