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
    / /  Definitive Proxy Statement
    /X/  Definitive Additional Materials
    / /  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12


                    Income Opportunities Fund 2000, Inc.

                               P.O. Box 9011
                     Princeton, New Jersey 08543-9011
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                (Name of Registrant as Specified In Its Charter)


                               SAME AS ABOVE
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                   (Name of Person(s) Filing Proxy Statement)

Payment of Filing Fee (Check the appropriate box):

/X/  $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(t)(1), or 14a-6(J)(2).
/ /  $500 per  each party  to  the controversy  pursuant  to Exchange  Act  Rule
     14a-6(i)(3).
/ /  Fee   computed  on   table  below   per  Exchange   Act  Rules  14a-6(i)(4)
     and 0-11.
     (1) Title of each class of securities to which transaction applies:


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


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     (3) Per unit  price  or  other  underlying  value  of  transaction
         computed pursuant to Exchange Act Rule 0-11:1


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     (4) Proposed maximum aggregate value of transaction:


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/X/  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 registration statement  number,
     or the form or schedule and the date of its filing.

     (1) Amount Previously Paid:

         $125.00
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     (2) Form, Schedule or Registration Statement No.:

         DEF 14A
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     (3) Filing Party:

         Income Opportunities Fund 2000, Inc.
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     (4) Date Filed:

         August 24, 1994
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Notes:

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1    Set forth the amount on which the filing fee is calculated and state how it
     was determined.


                         SUPPLEMENT TO PROXY STATEMENT
                                       OF
                      INCOME OPPORTUNITIES FUND 2000, INC.

    Please  note  that  the  1994  Annual  Meeting  of  Stockholders  of  Income
Opportunities Fund 2000, Inc. will be held at the offices of Merrill Lynch Asset
Management, L.P., 800  Scudders Mill  Road, Plainsboro, New  Jersey, on  Friday,
October 14, 1994 at 9:30 A.M.