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 811-05149 Name of Fund: Merrill Lynch Treasury Fund, Merrill Lynch Institutional Fund, Merrill Lynch Government Fund, Merrill Lynch Institutional Tax-Exempt Fund and Merrill Lynch Premier Institutional Fund of Merrill Lynch Funds for Institution Series Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, Merrill Lynch Treasury Fund, Merrill Lynch Institutional Fund, Merrill Lynch Government Fund, Merrill Lynch Institutional Tax-Exempt Fund and Merrill Lynch Premier Institutional Fund of Merrill Lynch Funds for Institution Series, 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: 04/30/2007 Date of reporting period: 07/01/2005 - 06/30/2006 Item 1 - Proxy Voting Record - The Fund held no voting securities during the period covered by this report. No records are attached. 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 Treasury Fund, Merrill Lynch Institutional Fund, Merrill Lynch Government Fund, Merrill Lynch Institutional Tax-Exempt Fund and Merrill Lynch Premier Institutional Fund of Merrill Lynch Funds for Institution Series By: /s/ Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer Merrill Lynch Treasury Fund, Merrill Lynch Institutional Fund, Merrill Lynch Government Fund, Merrill Lynch Institutional Tax-Exempt Fund and Merrill Lynch Premier Institutional Fund of Merrill Lynch Funds for Institution Series Date: July 20, 2006