has appointed Merrill Lynch Investment Managers (Luxembourg) S A as its management company Shares of certain Classes of all Funds are, or will be, listed on the Luxembourg Stock Exchange. Choice of Funds As of the date of this Prospectus, investors are able to choose from the following Funds of Merrill Lynch International Investment Funds ~, AP2~:: ~ ~,,-9ì . . ,.,:.. AV~ Merr Lynch and the Advisers operate as independent profit centers, have separte offcers, diectors and employees, maita separte books and records, and are separtely capitaed. You represent that al investment decisions with respect to each Fund are made solely by one or more portolio managers who are officers or authori agents of the Fund, and