MERRILL LYNCH LIFE INSURANCE COMPANY
             MERRILL LYNCH LIFE VARIABLE ANNUITY SEPARATE ACCOUNT C

                     ML LIFE INSURANCE COMPANY OF NEW YORK
               ML OF NEW YORK VARIABLE ANNUITY SEPARATE ACCOUNT C

                         SUPPLEMENT DATED JULY 23, 2004
                                     TO THE
                         PROSPECTUSES DATED MAY 1, 2004
                                      FOR
                       MERRILL LYNCH CONSULTS ANNUITY(SM)


This supplement updates the Prospectuses for the Merrill Lynch Consults
Annuity(SM) (the "Consults Annuity") issued by Merrill Lynch Life Insurance
Company or ML Life Insurance Company of New York. Please retain this supplement
with your Consults Annuity Prospectus for your reference.

As noted in your Prospectus, we may close any subaccount to allocations of
premiums and transfers of contract value for Consults Annuities issued on or
after a specified date if that subaccount invests in a portfolio of the MLIG
Variable Insurance Trust ("MLIG Trust") whose subadviser is an investment
manager placed "on hold" within the Merrill Lynch Consults managed brokerage
account program (the "Program") offered by our affiliate Merrill Lynch, Pierce,
Fenner & Smith Incorporated ("MLPF&S"). An investment manager may be placed "on
hold" under the Program for a variety of reasons, including changes in key
personnel, changes in investment process, performance, or other factors. During
any period that an investment manager is "on hold," its investment team,
process, and performance are being evaluated. Depending on the results of this
evaluation, MLPF&S may remove the investment manager's "on hold" designation
under the Program.  We may similarly choose to reopen any closed subaccount that
invests in a portfolio of the MLIG Trust whose subadviser is an investment
manager that is no longer "on hold" under the Program.

Previously, as a result of a change in the management team at John A. Levin &
Co., Inc. (the subadviser for the Roszel/Levin Large Cap Value Portfolio of the
MLIG Trust), we closed the Roszel/Levin Large Cap Value Subaccount for Consults
Annuities purchased on or after June 18, 2003. If you purchased your Consults
Annuity before June 18, 2003, you could continue to allocate premiums and
transfer contract value to the Roszel/Levin Large Cap Value Subaccount. However,
if you purchased your Consults Annuity on or after June 18, 2003, you could not
allocate premiums or transfer contract value to the Roszel/Levin Large Cap Value
Subaccount.

The evaluation of the subadviser's management team has been completed and we are
reopening the Roszel/Levin Large Cap Value Subaccount. ACCORDINGLY, EFFECTIVE
JULY 23, 2004, THE ROSZEL/LEVIN LARGE CAP VALUE SUBACCOUNT IS AVAILABLE IN ALL
CONSULTS ANNUITIES FOR ALLOCATIONS OF PREMIUMS AND CONTRACT VALUE-INCLUDING
THOSE CONSULTS ANNUITIES PURCHASED ON OR AFTER JUNE 18, 2003.

                                    *  *  *

If you have any questions, please contact your Financial Advisor, or call the
Service Center at (800) 535-5549 (for Consults Annuities issued by Merrill Lynch
Life Insurance Company) or (800) 333-6524 (for Consults Annuities issued by ML
Life Insurance Company of New York), or write the Service Center at P.O. Box
44222, Jacksonville, Florida 32231-4222.