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 OCTOBER 1, 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.

Effective October 1, 2004, Roszel Advisors, LLC, the investment adviser for the
MLIG Variable Insurance Trust (the "MLIG Trust"), changed the name and
subadviser of one of the Funds described in your Contract prospectus.

The Roszel/Sound Large Cap Core Portfolio of the MLIG Trust is now subadvised by
Fayez Sarofim & Co., and has changed its name to the Roszel/Fayez Sarofim Large
Cap Core Portfolio. Accordingly, effective October 1, 2004, the name of the
subaccount corresponding to the Roszel/Sound Large Cap Core Portfolio changed
from the Roszel/Sound Large Cap Core Subaccount to the Roszel/Fayez Sarofim
Large Cap Core Subaccount. Although the investment objective for this Portfolio
has not changed, the subadviser intends to pursue that objective using a
slightly different investment strategy. A summary of the investment objective
and strategy for the Roszel/Fayez Sarofim Large Cap Core Portfolio is set forth
below.

Investment Objective: The Portfolio seeks long-term capital appreciation.

Investment Strategy:  The Portfolio pursues its investment objective
                      by investing primarily in large capitalization equity
                      securities of companies that the adviser believes will
                      have predictable earnings growth. The adviser employs a
                      research-driven process to invest in high quality
                      large-cap multinationals. The adviser's investment
                      committee makes all investment decisions based on its
                      economic and market outlook, the identification of secular
                      themes, and specific purchase and sale recommendations
                      from the research staff. The research effort focuses on
                      the bottom-up, fundamental analysis of what the adviser
                      believes to be high quality, industry leading, financially
                      strong global companies, with an emphasis on predictable
                      earnings growth and a valuation component to the process.



This subaccount was previously closed to allocations of premiums and contract
value for Consults Annuities purchased on or after October 17, 2003. EFFECTIVE
OCTOBER 1, 2004, THE ROSZEL/FAYEZ SAROFIM LARGE CAP CORE SUBACCOUNT IS AVAILABLE
IN ALL CONSULTS ANNUITIES FOR ALLOCATIONS OF PREMIUMS AND CONTRACT VALUE,
INCLUDING THOSE CONSULTS ANNUITIES PURCHASED ON OR AFTER OCTOBER 17, 2003.

Currently, the subaccounts investing in the following Portfolios of the MLIG
Trust remain closed to allocations of premiums and transfers of contract value
for Contracts issued after the dates shown:

        -   The Roszel/Credit Suisse International Portfolio for Contracts
            issued on or after August 1, 2003;

        -   The Roszel/Valenzuela Mid Cap Value Portfolio for Contracts issued
            on or after February 3, 2004; and

        -   The Roszel/MLIM Relative Value Portfolio for Contracts issued on or
            after March 16, 2004.

For each of these subaccounts, if you purchased your Contract before the noted
date, you may continue to allocate premiums and transfer contract value to the
respective subaccount. If you purchased your Contract after the noted date, you
may not allocate premiums or transfer contract value to that subaccount. We will
keep you informed of any change in the status of these subaccounts.

                                      * * *

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.