UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   Form N-8F

Application for Deregistration of Certain Registered Investment Companies.

I.    General Identifying Information

1.    Reason fund is applying to deregister (check only one; for descriptions,
      see Instruction 1 above):

      [x]   Merger

      [  ]  Liquidation

      [  ]  Abandonment of Registration (Note: Abandonments of Registration
            answer only questions 1 through 15, 24 and 25 of this form and
            complete verification at the end of the form.)

      [  ]  Election of status as a Business Development Company (Note:
            Business Development Companies answer only questions 1 through 10
            of this form and complete verification at the end of the form.)

2.    Name of fund: The Corporate Fund Accumulation Program, Inc.

3.    Securities and Exchange Commission File No.: 811-2642

4.    Is this an initial Form N-8F or an amendment to a previously filed Form
      N-8F?

      [x]  Initial Application    [ ]  Amendment

5.    Address of Principal Executive Office (include No. & Street, City,
      State, Zip Code):

            800 Scudders Mill Road
            Plainsboro, New Jersey 08543-9011

6.    Name, address and telephone number of individual the Commission staff
      should contact with any questions regarding this form:

            John Ashbrook
            Sidley Austin Brown & Wood LLP
            787 Seventh Avenue
            New York, New York 10019
            Tel: 212-839-8744




7.    Name, address and telephone number of individual or entity responsible
      for maintenance and preservation of fund records in accordance with
      rules 31a-l and 31a-2 under the Act [17 CFR 270.31a-l, 31a-2]:

      NOTE: Once deregistered, a fund is still required to maintain and
      preserve the records described in rules 31a-1 and 31a-2 for the periods
      specified in those rules.

            Donald C. Burke
            800 Scudders Mill Road
            Plainsboro, New Jersey 08536
            Tel: 609-282-7085

8.    Classification of fund (check only one):

      [x]   Management company;

      [ ]   Unit investment trust; or

      [ ]   Face-amount certificate company.

9.    Subclassification if the fund is a management company (check only one):

      [x]   Open-end     [ ] Closed-end

10.   State law under which the fund was organized or formed (e.g., Delaware,
      Massachusetts):

            Maryland

11.   Provide the name and address of each investment adviser of the fund
      (including sub-advisers) during the last five years, even if the fund's
      contracts with those advisers have been terminated:

            Fund Asset Management, L.P.
            P.O. Box 9011
            Princeton, New Jersey 08543-9011

            Merrill Lynch Asset Management U.K. Limited
            33 King William Street
            London EC4R 9AS, England

12.   Provide the name and address of each principal underwriter of the fund
      during the last five years, even if the fund's contracts with those
      underwriters have been terminated:

            Not Applicable

13.   If the fund is a unit investment trust ("UIT") provide:

            Not Applicable

            (a)   Depositor's name(s) and address(es)

            (b)   Trustee's name(s) and address(es)


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14.   Is there a UIT registered under the Act that served as a vehicle for
      investment in the fund (e.g., an insurance company separate account)?

      [  ]  Yes   [x] No

      If Yes, for each UIT state:

            Name(s):

            File  No. :

            Business Address:

15.   (a)   Did the fund obtain approval from the board of directors concerning
            the decision to engage in a Merger, Liquidation or Abandonment of
            Registration?

            [x] Yes     [ ] No

            If Yes, state the date on which the board vote took place:

                  September 30, 2002

            If No, explain:

      (b)   Did the fund obtain approval from the shareholders concerning the
            decision to engage in a Merger, Liquidation or Abandonment of
            Registration?

            [x] Yes    [ ] No

            If Yes, state the date on which the shareholder vote took place:

                  February 12, 2003

            If No, explain:


II.   Distributions to Shareholders

16.   Has the fund distributed any assets to its shareholders in connection
      with the Merger or Liquidation?

            [x] Yes   [ ] No

      (a)   If Yes, list the date(s) on which the fund made those
            distributions:

            April 7, 2003

      (b)   Were the distributions made on the basis of net assets?

            [x] Yes   [ ] No

      (c)   Were the distributions made pro rata based on share ownership?

            [x] Yes   [ ] No

      (d)   If No to (b) or (c) above, describe the method of distributions to
            shareholders. For Mergers, provide the exchange ratio(s) used and
            explain how it was calculated:


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      (e)   Liquidations only:

            Were any distributions to shareholders made in kind?

            [ ] Yes [ ] No

            If Yes, indicate the percentage of fund shares owned by
            affiliates, or any other affiliation of shareholders:

17.   Closed-end funds only:

      Has the fund issued senior securities?

      [ ] Yes           [ ] No

      If Yes, describe the method of calculating payments to senior
      securityholders and distributions to other shareholders:

18.   Has the fund distributed all of its assets to the fund's shareholders?

      [x] Yes           [ ] No

      If No,

      (a)   How many shareholders does the fund have as of the date this form
            is filed?



      (b)   Describe the relationship of each remaining shareholder to the
            fund:



19.   Are there any shareholders who have not yet received distributions in
      complete liquidation of their interests?

      [ ] Yes           [x] No

      If Yes, describe briefly the plans (if any) for distributing to, or
      preserving the interests of, those shareholders:


III.  Assets and Liabilities

20.   Does the fund have any assets as of the date this form is filed? (See
      question 18 above)

      [ ] Yes           [x] No

      If Yes,

      (a)   Describe the type and amount of each asset retained by the fund as
            of the date this form is filed:

      (b)   Why has the fund retained the remaining assets?

      (c)   Will the remaining assets be invested in securities?

            [ ] Yes           [ ] No

21.   Does the fund have any outstanding debts (other than face-amount
      certificates if the fund is a face-amount certificate company) or any
      other liabilities?

                                      4


      [ ] Yes           [x] No

      If Yes,

      (a)   Describe the type and amount of each debt or other liability:

      (b)   How does the fund intend to pay these outstanding debts or other
            liabilities?


IV.   Information About Event(s) Leading to Request For Deregistration

22.   (a)   List the expenses incurred in connection with the Merger or
            Liquidation:

            (i)   Legal expenses:

                  $40,301

            (ii)  Accounting expenses:


            (iii) Other expenses (list and identify separately)

                   Proxy Solicitation.......................           $14,314
                   Printing.................................             6,379
                   Audit....................................            11,525
                   Mailing .................................            31,182
                                                                    ----------
                                                              Total    $63,400
                                                                    ==========


            (iv)  Total expenses (sum of lines (i) - (iii) above):

                  $103,701

      (b)   How were those expenses allocated?

            The Fund's expenses related to the Merger were charged to the Fund
            on the business day prior to the closing date of the Merger and
            deducted from the assets transferred by the Fund to the surviving
            fund, Core Bond Portfolio of Merrill Lynch Bond Fund, Inc. The
            liabilities for these expenses were then assumed by Core Bond
            Portfolio of Merrill Lynch Bond Fund, Inc., which is responsible
            for paying them.

      (c)   Who paid those expenses?

            Core Bond Portfolio of Merrill Lynch Bond Fund, Inc. (the
            surviving Fund)

      (d)   How did the fund pay for unamortized expenses (if any)?

            Not Applicable

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23.   Has the fund previously filed an application for an order of the
      Commission regarding the Merger or Liquidation?

      [  ] Yes          [x] No

      If Yes, cite the release numbers of the Commission's notice and order
      or, if no notice or order has been issued, the file number and date the
      application was filed:


V.    Conclusion of Fund Business

24.   Is the fund a party to any litigation or administrative proceeding?

      [ ] Yes           [x] No

      If Yes, describe the nature of any litigation or proceeding and the
      position taken by the fund in that litigation:

25.   Is the fund now engaged, or intending to engage, in any business
      activities other than those necessary for winding up its affairs?

      [ ] Yes           [x] No

      If Yes, describe the nature and extent of those activities:


VI.      Mergers Only

26.   (a)   State the name of the fund surviving the Merger:

            Core Bond Portfolio of Merrill Lynch Bond Fund, Inc.

      (b)   State the Investment Company Act file number of the fund surviving
            the Merger:

            811-02857

      (c)   If the merger or reorganization agreement has been filed with the
            Commission, state the file number(s), form type used and date the
            agreement was filed:

            811-02857 and 333-100666
            N-14/A
            December 5, 2002

      (d)   If the merger or reorganization agreement has not been filed with
            the Commission, provide a copy of the agreement as an exhibit to
            this form.


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                                 VERIFICATION

      The undersigned states that (i) he has executed this Form N-8F
application for an order under section 8(f) of the Investment Company Act of
1940 on behalf of The Corporate Fund Accumulation Program, Inc., (ii) he is
the Vice President and Treasurer of The Corporate Fund Accumulation Program,
Inc., and (iii) all actions by shareholders, directors, and any other body
necessary to authorize the undersigned to execute and file this Form N-8F
application have been taken. The undersigned also states that the facts set
forth in this Form N-8F application are true to the best of his knowledge,
information and belief.

                                            Signature:



                                            /s/ Donald C. Burke
                                            ------------------------------------
                                            Donald C. Burke