As filed with the Securities and Exchange Commission on February 24, 1998

                                 SCHEDULE 14A
                                (Rule 14a-101)

                   INFORMATION REQUIRED IN PROXY STATEMENT

                           SCHEDULE 14A INFORMATION

         Proxy Statement Pursuant to Section 14(a) of the Securities
                 Exchange Act of 1934 (Amendment No.    )


Filed by the registrant /x/
Filed by a party other than the registrant / /
Check the appropriate box:
/ /  Preliminary proxy statement
                                    / / Confidential, For Use of the Com-
                                        mission Only (as permitted by
                                        Rule 14a-6(e)(2))
/ /  Definitive proxy statement
/x/  Definitive additional materials
/ /  Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12


      MERRILL LYNCH MULTI-STATE LIMITED MATURITY MUNICIPAL SERIES TRUST
               (Name of Registrant as Specified in Its Charter)
                                Same as above

   (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of filing fee (Check the appropriate box):
   /x/ No fee required.
   / / Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and
0-11.

   (1) Title of each class of securities to which transaction applies:

   (2) Aggregate number of securities to which transaction applies:

   (3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is calculated and state how it was determined):

   (4) Proposed maximum aggregate value of transaction:

   (5) Total fee paid:
   / / Fee paid previously with preliminary materials.

   / / Check box if any part of the fee is offset as provided by Exchange
Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously.  Identify the previous filing by registrations statement
number, or the form or schedule and the date of its filing.

   (1) Amount previously paid:

   (2) Form, Schedule or Registration Statement no.:

   (3) Filing Party:

   (4) Date Filed:



                  MERRILL LYNCH MULTI-STATE LIMITED MATURITY
                            MUNICIPAL SERIES TRUST
                                P.O. BOX 9011
                      PRINCETON, NEW JERSEY  08543-9011

                  NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
                         TO BE HELD ON MARCH 25, 1998

TO THE STOCKHOLDERS OF MERRILL LYNCH MULTI-STATE
  LIMITED MATURITY MUNICIPAL SERIES TRUST
  holding shares of
     Merrill Lynch Arizona Limited Maturity Municipal Bond Fund
     Merrill Lynch Michigan Limited Maturity Municipal Bond Fund
     Merrill Lynch New York Limited Maturity Municipal Bond Fund

Pursuant to a Notice dated  November 24, 1997, notice was given of  a Special
Meeting  of the  stockholders  of  six series  of  Merrill Lynch  Multi-State
Limited Maturity  Municipal  Series  Trust,  including  stockholders  holding
shares of Merrill Lynch Arizona Limited Maturity Municipal Bond Fund, Merrill
Lynch Michigan  Limited Maturity Municipal  Bond Fund, and Merrill  Lynch New
York Limited Maturity  Municipal Bond Fund (each,  a "Fund"), to be  held for
the  purpose  of   approving  or  disapproving  an  Agreement   and  Plan  of
Reorganization  whereby the  Limited  Maturity  Portfolio  of  Merrill  Lynch
Municipal Bond  Fund, Inc. (the  "Limited Maturity Portfolio")  would acquire
substantially  all  of  the  assets  and  assume  substantially  all  of  the
liabilities of each Fund in exchange  solely for an equal aggregate value  of
newly-issued shares of the Limited Maturity Portfolio (the "Reorganization").
At that time, each stockholder of each Fund was requested  to vote to approve
or disapprove the Agreement and Plan of Reorganization.

NOTICE IS HEREBY GIVEN to stockholders of  each Fund that the Special Meeting
of stockholders (the "Meeting") originally  scheduled for January 5, 1998 and
adjourned  until February 12,  1998, will be  held at the  offices of Merrill
Lynch Asset Management, L.P., 800  Scudders Mill Road, Plainsboro, New Jersey
on Wednesday March 25, 1998.  Stockholders  who have not yet submitted a vote
to  approve  or disapprove  the  Agreement  and  Plan of  Reorganization  are
cordially invited to attend  the Meeting.  Stockholders who do  not expect to
attend the Meeting  in person are requested  to complete, date, and  sign the
enclosed form of proxy applicable to their Fund and return it promptly in the
envelope provided for that purpose.  The enclosed proxy is being solicited on
behalf of the Board of Trustees of Merrill Lynch Multi-State Limited Maturity
Municipal Series Trust.  


                                   By Order of the Board of Trustees
                                   LAWRENCE A. ROGERS
                                   Secretary


Plainsboro, New Jersey
Dated:  February 24, 1998