1 EXHIBIT 5(c) SUB-ADVISORY AGREEMENT AGREEMENT made as of the 23rd day of December, 1996, by and between MERRILL LYNCH ASSET MANAGEMENT, L.P., a Delaware limited partnership (hereinafter referred to as "MLAM"), and MERRILL LYNCH ASSET MANAGEMENT U.K....Sub-Advisory Agreement • December 23rd, 1996 • Merrill Lynch Fundamental Growth Fund Inc • New York
