Merrill Lynch Municipal Bond Fund, Inc.
Series Number:  3
File Number:  811-2688
CIK Number:  225635
Limited Portfolio
For the Period Ending:  12/31/2003
Pursuant to Exemptive Order No. IC-15520 dated June 12, 1992 the following schedule enumerates the transactions with Merrill Lynch, Pierce, Fenner & Smith Incorporated, for the year ended December 31, 2003.
Sales (In Thousands)
Transaction	Face	Security		Due
Date	Amount	Description	Rate	Date
11/13/03	$500	Gulf Coast Waste Disposal	0.010%	6/1/20