As filed  with the  Securities and  Exchange Commission  on February  24,
  1994
                                  Securities Act File No. 33-50861
                          Investment Company Act File No. 811-6156
                                                                   
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
                               ----------------

                                SCHEDULE 13E-4
                        ISSUER TENDER OFFER STATEMENT
                    (Pursuant to Section 13(e)(1) of the 
                       Securities Exchange Act of 1934)

                               AMENDMENT NO. 1

             MERRILL LYNCH HIGH INCOME MUNICIPAL BOND FUND, INC.
                               (Name of Issuer)

             MERRILL LYNCH HIGH INCOME MUNICIPAL BOND FUND, INC.
                     (Name of Person(s) Filing Statement)

              Shares of Common Stock, Par Value $0.10 per share
                        (Title of Class of Securities)

                                 589945 10 4
                    (CUSIP Number of Class of Securities)

                                Arthur Zeikel
             Merrill Lynch High Income Municipal Bond Fund, Inc.
                            800 Scudders Mill Road
                        Plainsboro, New Jersey  08536
                                (609) 282-2800
         (Name, Address and Telephone Number of Person Authorized to
       Receive Notices and Communications on Behalf of Person(s) Filing
  Statement)

                                  Copies to:


  Thomas R. Smith, Jr., Esq.         Philip L. Kirstein, Esq.
  Brown & Wood                       Merrill Lynch Asset Management
  One World Trade Center             Box 9011
  New York, New York  10048-0557     Princeton, N.J.  08543-9011

                               January 13, 1994
                      (Date Tender Offer First Published
                      Sent or Given to Security Holders)



                                                                    
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       This  Amendment  No. 1  to  the  Issuer Tender  Offer  Statement  on
  Schedule 13E-4  of Merrill  Lynch High Income  Municipal Bond Fund,  Inc.
  (the "Fund") relating  to an offer to purchase (the "Offer") 1,500,000 of
  the  Fund's shares  of  common  stock, par  value  $0.10  per share  (the
  "Shares")  and  originally  filed   with  the  Securities  and   Exchange
  Commission on January 13, 1994  constitutes the final amendment  pursuant
  to  Rule  13e-4(c)(3) under  the  Securities  Exchange Act  of  1934  and
  General Instruction D of Schedule 13E-4.

       The Offer terminated at 12:00 midnight, New York time, on
  February  10, 1994  (the  "Expiration Date").    Pursuant to  the  Offer,
  563,262.18 Shares  were tendered, all of which were  accepted by the Fund
  for repurchase at a  net asset value of  $11.47 per share, as  determined
  as of the close  of the New York Stock  Exchange on the Expiration  Date,
  for an aggregate purchase price of $6,460,617.20.


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                                  SIGNATURE

       After due  inquiry and to  the best  of my  knowledge and belief,  I
  certify  that  the information  set  forth  in this  statement  is  true,
  complete and correct.


                 MERRILL LYNCH HIGH INCOME MUNICIPAL BOND FUND, INC.


  February 24, 1994        By   /s/ Terry K. Glenn            
                              ---------------------------------
                                (Terry K. Glenn, Executive Vice
                                          President)

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