-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jyof+2dKWLnToMtKLY9vp5cZq5ES2MYeL3X3uO4wzRULDVT8c2Cal2KsOK2muOhv MqM+IDOI4njpb8zHhFvDWg== 0000868452-01-500002.txt : 20010130 0000868452-01-500002.hdr.sgml : 20010130 ACCESSION NUMBER: 0000868452-01-500002 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20001130 FILED AS OF DATE: 20010129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH GLOBAL UTILITY FUND INC CENTRAL INDEX KEY: 0000868452 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-06180 FILM NUMBER: 1517194 BUSINESS ADDRESS: STREET 1: P O BOX 9011 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 BUSINESS PHONE: 6092823319 MAIL ADDRESS: STREET 1: P O BOX 9066 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 NSAR-B 1 0001.txt N-SAR (6.1) PAGE 1 000 B000000 11/30/2000 000 C000000 0000868452 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 ML UTILITIES AND TELECOMMUNICATIONS FUND, INC 001 B000000 811-6180 001 C000000 6092822800 002 A000000 P.O. 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BURKE TITLE TREASURER EX-99.77BACCTLTTR 2 util77b.txt INDEPENDENT AUDITORS' REPORT The Board of Directors and Shareholders, Merrill Lynch Utilities and Telecommunications Fund, Inc.: In planning and performing our audit of the financial statements of Merrill Lynch Utilities and Telecommunications Fund, Inc. (the "Fund"), (formerly Merrill Lynch Global Utility Fund, Inc.) for the year ended November 30, 2000 (on which we have issued our report dated January 12, 2001), we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, and not to provide assurance on the Fund's internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in any internal control, misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of internal control to future periods are subject to the risk that the internal control may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate. Our consideration of the Fund's internal control would not necessarily disclose all matters in the internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the Fund's internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of November 30, 2000. This report is intended solely for the information and use of management, the Board of Directors and Shareholders of the Fund, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche LLP January 12, 2001 EX-99.77CVOTES 3 util77c.htm util77c

Sheet1

  as of July 25, 2000 - REVISED            
PASSED FUNDS 2. Indep Auditors % of Voted % of Total 3. Trustees to Reg the fund Master/Feeder Structure % of Voted % of Total
7/25 ML Global Utility Fund *            
  For All 16,268,611 94.21 91.99 14,980,607 86.75 84.7
  Withhold All 159,348 0.92 0.9 815,949 4.72 4.61
  For All Except 839,558 4.86 4.74 1,470,961 8.51 8.31
  Broker Non Vote            
               
  * Acquired by ML Utilities & Telecommunications Fund, Inc.            
               
               
               

Last Updated on 01/29/2001
By MLMAG
EX-99.77MMERGERS 4 util77m.txt Merrill Lynch Utilities and Telecommunications Fund, Inc. File No. 811-6180 Item No. 77M (Mergers) -- Attachment During the fiscal semi-annual period ending November 30, 2000, Merrill Lynch Utilities and Telecommunications Fund, Inc. (the "Registrant") acquired substantially all of the assets and assumed substantially all of the liabilities of Merrill Lynch Utility Income Fund, Inc. ("Utility Income Fund"), File No. 811-7071. At meetings of the Boards of Directors of the Registrant and Utility Income Fund, the Boards of Directors approved an Agreement and Plan of Reorganization (the "Reorganization"). The Reorganization referred collectively to (i) the acquisition of substantially all of the assets, and assumption of substantially all of the liabilities, of Utility Income Fund by the Registrant solely in exchange for an equal aggregate value of corresponding shares and the subsequent distribution of such corresponding shares to the shareholders of Utility Income Fund; and (ii) the subsequent liquidation of Utility Income Fund, its dissolution as a Maryland corporation and its deregistration as an investment company. On April 14, 2000, in connection with the Reorganization, the Registrant filed a Registration Statement on Form N-14 (File Nos. 333-34838 and 811-6180) (the "N-14 Registration Statement"). The N-14 Registration Statement ontained the proxy materials soliciting the approval of the Reorganization by the shareholders of Utility Income Fund. Pre-Effective Amendment No. 1 to the N-14 Registration Statement was filed on May 24, 2000. The N-14 Registration Statement as so amended was declared effective by the Commission on May 24, 2000. On March 31, 2000, the shareholders of the Registrant and Utility Income Fund approved the Reorganization at a special meeting of shareholders held for that purpose. On _August 18, 2000 (the "Reorganization Date"), pursuant to the Agreement, Utility Income Fund transferred assets valued at $40,863,113 to the Registrant and received in exchange 3,321,926 newly-issued Class A, Class B, Class C, and Class D shares of the Registrant comprised of 231,662 Class A shares, 2,575,743 Class B shares, 272,412 Class C shares and 242,109 Class D shares. Such shares were then distributed to the shareholders of Utility Income Fund on that date in proportion to each shareholder's interest (by Class) in the assets transferred. An Application for Deregistration on Form N-8F will be filed by Utility Income Fund with the Securities and Exchange Commission.
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