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

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number 811-09375

Name of Fund:  Merrill Lynch Global Financial Services Fund, Inc.

Fund Address:  P.O. Box 9011
               Princeton, NJ  08543-9011

Name and address of agent for service:
       Terry K. Glenn, President, Merrill Lynch Global Financial
       Services Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ,
       08536.  Mailing address:  P.O. Box 9011, Princeton, NJ, 08543-
       9011

Registrant's telephone number, including area code:  (609) 282-2800

Date of fiscal year end: 09/30/2004

Date of reporting period: 07/01/03 - 06/30/04

Item 1 - Proxy Voting Record

       Item 1 - Proxy Voting Record - The Fund held no voting
       securities during the period covered by this report. No
       records are attached. For additional information on
       portfolio security voting, please refer to Global Financial
       Services Master Trust Form N-PX filed with the Securities &
       Exchange Commission.

Pursuant to the requirements of the Investment Company Act of 1940,
the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.

Merrill Lynch Global Financial Services Fund, Inc.

By:    /s/ Terry K. Glenn
       Terry K. Glenn,
       President of Merrill Lynch Global Financial Services
       Fund, Inc.

Date: August 4, 2004