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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 rvdAAk2fxvgqzVShe1iyZQ==

<SEC-DOCUMENT>0000905148-03-000854.txt : 20030310
<SEC-HEADER>0000905148-03-000854.hdr.sgml : 20030310
<ACCEPTANCE-DATETIME>20030310170737
ACCESSION NUMBER:		0000905148-03-000854
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030310
EFFECTIVENESS DATE:		20030310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERRILL LYNCH BALANCE CAPITAL FUND INC
		CENTRAL INDEX KEY:			0000110055
		IRS NUMBER:				132757134
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-49007
		FILM NUMBER:		03598417

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		6092823319

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 9066
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543-9011

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIONEL D EDIE CAPITAL FUND INC
		DATE OF NAME CHANGE:	19760810

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MERRILL LYNCH CAPITAL FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>efc2-0386_5339311form497.txt
<TEXT>
                   MERRILL LYNCH BALANCED CAPITAL FUND, INC.

                     Supplement dated March 10, 2003 to the
            Statement of Additional Information dated July 24, 2002


     The section captioned "Directors and Officers" beginning on page 16 is
amended as follows:

                The biography of Walter Cuje appearing on page 18 is hereby
          removed.


Code  # 10257-07-02SUP

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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