<DOCUMENT>
<TYPE>EX-99.77M MERGERS
<SEQUENCE>3
<FILENAME>my77m.txt
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MuniYield Fund, Inc.

File No. 811-6435

Item No. 77M (Mergers) -- Attachment



During the fiscal semi-annual period ended April 30, 2002,
MuniYield Fund, Inc. ("the Registrant"), acquired substantially
all of the assets and assumed substantially all of the liabilities of
Merrill Lynch Municipal Strategy Fund, Inc. ("Municipal
Strategy"), File No. 811-7203.

At separate meetings of the Boards of Directors of Municipal
Strategy and the Registrant held on June 7, 2001 and June 20,
2001, respectively, each Board unanimously approved the
transaction whereby (i) the Registrant would acquire
substantially all of the assets and would assume substantially all
of the liabilities of Municipal Strategy, (ii) the Registrant would
simultaneously issue to Municipal Strategy shares of the
Registrant's Common Stock and the Registrant's Series F
AMPS, (iii) the shares of the Registrant's Common Stock would
be subsequently distributed to the holders of Municipal Strategy
Common Stock (plus cash in lieu of fractional shares), (iv) the
shares of the Registrant's Series F AMPS would be subsequently
distributed to the holders of Municipal Strategy Series A AMPS,
and (v) Municipal Strategy would be deregistered and dissolved.

On July 17, 2001, in connection with the Reorganization, the
Registrant filed a Registration Statement on Form N-14 (File
Nos. 333-65242 and 811-06435) (the "N-14 Registration
Statement").  The N-14 Registration Statement contained the
proxy materials soliciting the approval of the Agreement and
Plan of Reorganization by the stockholders of the Registrant and
Municipal Strategy.  Pre-Effective Amendment No. 1 to the N-
14 Registration Statement was filed on September 14, 2001, and
the N-14 Registration Statement as so amended was declared
effective by the Commission on September 14, 2001.  Post-
effective Amendment No. 1 to the N-14 Registration Statement
was filed on January 18, 2002.


On November 9, 2001, the stockholders of the Registrant and
Municipal Strategy approved the Reorganization at a special
meeting of stockholders held for that purpose.  On November
19, 2001 (the "Reorganization Date"), pursuant to the
Agreement, Municipal Strategy transferred assets valued at
$116,585,519.57 to the Registrant and received in exchange
5,508,829 shares of the Registrant's Common Stock and 43,000
shares of the Registrant's Series F AMPS with a liquidation
preference of $25,000 per share.  Municipal Strategy distributed
these shares to their respective shareholders as provided in the
Agreement and Plan of Reorganization.

An Application for Deregistration on Form N-8F will be filed by
Municipal Strategy with the Securities and Exchange
Commission.


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