ARTICLES OF TRANSFER FROM THE ASSET PROGRAM, INC., A MARYLAND CORPORATION, TO MERRILL LYNCH GLOBAL ALLOCATION FUND, INC., A MARYLAND CORPORATION

Exhibit 1(l)

ARTICLES OF TRANSFER

FROM THE ASSET PROGRAM, INC.,

A MARYLAND CORPORATION,

TO XXXXXXX XXXXX GLOBAL ALLOCATION FUND, INC.,

A MARYLAND CORPORATION

THESE ARTICLES OF TRANSFER are made and entered into as of the 19th day of July, 2000, by and between The Asset Program, Inc., a Maryland corporation (the “Transferor”), and Xxxxxxx Xxxxx Global Allocation Fund, Inc., a Maryland corporation (the “Transferee”).

FIRST:            The Transferor agrees to convey and transfer substantially all of the assets in The Global Opportunity Portfolio, a series of the Transferor, to the Transferee as hereinafter set forth.

SECOND:       (a)        The Transferor was incorporated under the laws of the State of Maryland.

                         (b)        The Transferee was incorporated under the laws of the State of Maryland.

THIRD:            The name, address and principal place of business of the Transferee is Xxxxxxx Xxxxx Global Allocation Fund, Inc., 000 Xxxxxxxx Xxxx Xxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000.

FOURTH:        The Transferor and the Transferee maintain their principal office in the State of Maryland in Baltimore City. Neither the Transferor nor the Transferee owns an interest in land in the State of Maryland.

FIFTH:             The nature of the consideration to be paid by the Transferee for the conveyance and transfer of substantially all of the assets of the Transferor shall be shares of the Transferee’s Common Stock of an aggregate net asset value equal (to the nearest one ten thousandth of one cent) to the value of assets of the Transferor acquired, reduced by the amount of liabilities assumed by the Transferee, both determined as of July 21, 2000.

SIXTH:              The terms and conditions of the transactions set forth in these Articles of Transfer have been advised, authorized and approved by the Transferor in the manner and by the vote required by its Articles of Incorporation and the laws of the State of Maryland at a meeting of the Board of Directors of the Transferor held on January 12, 2000, and by the subsequent approval of stockholders at a meeting of the stockholders of the Transferor held on July 13, 2000 at 9:00 A.M.

SEVENTH:        The terms and conditions of the transaction set forth in these Articles of Transfer have been advised, authorized and approved by the Transferee in the manner and by the vote required by its Articles of Incorporation and the laws of the State of Maryland at a meeting of the Board of Directors of the Transferee held on January 20, 2000.

EIGHTH:           These Articles of Transfer shall be effective at the very beginning of the day on July 24, 2000.

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IN WITNESS WHEREOF, each party to these Articles of Transfer has caused these Articles to be signed and acknowledged in its name and on its behalf by its President and attested by its Secretary, on the day and year first above written, and each such signatory hereby acknowledges the same to be the act and deed of such corporation, and that to the best of his knowledge, information and belief, all matters and facts stated herein are true in all material respects, such statements being made under the penalties of perjury.

ATTEST:				XXXXXXX XXXXX GLOBAL ALLOCATION FUND, INC.
/s/ Xxxxxxx X. Xxxxxxxxx				By:		/s/ Xxxxx X. Xxxxx
Xxxxxxx X. Xxxxxxxxx				Name:		Xxxxx X. Xxxxx
Secretary				Title:		President
ATTEST:				THE ASSET PROGRAM, INC.
/s/ Xxxxx X. Xxxxx				By:		/s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx				Name:		Xxxxx X. Xxxxx
Secretary				Title:		President

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