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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000905148-96-000278.txt : 19960424
<SEC-HEADER>0000905148-96-000278.hdr.sgml : 19960424
ACCESSION NUMBER:		0000905148-96-000278
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960423
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MERRILL LYNCH CAPITAL FUND INC
		CENTRAL INDEX KEY:			0000110055
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		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:		96549743

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 9066
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08543
		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
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>

<PAGE>
                       MERRILL LYNCH CAPITAL FUND, INC.


                    Supplement dated April 23, 1996 to the
                        Prospectus Dated July 27, 1995


     Ernest Watts is  on an indefinite leave of absence  for personal reasons
from his  responsibilities as portfolio manager of the  Fund.  The Fund's day-
to-day  portfolio  management  responsibilities have  been  assumed  by  Kurt
Schansinger and Walter  Cuje, associate portfolio managers.   Mr. Schansinger
has been an associate portfolio  manager of the Fund and a  Vice President of
Merrill Lynch  Asset Management ("MLAM")  since January  1996.  From  1983 to
1995, he  was a portfolio manager at Oppenheimer  Capital.  Mr. Cuje has been
an  associate portfolio  manager  of the  Fund  since October  1993 and a Vice
President of  MLAM since July  1991.  From 1987  to 1993, he  was a portfolio
manager in MLAM's Insurance Portfolio Group.


CODE # 10044-0795ALL-1


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