Sheet1

ML Variable Series Funds, Inc.
Series Number: 1
File Number: 811-3290
CIK Number: 355916
Reserve Assets Fund
For the Period Ending: 06/30/2002
Pursuant to Exemptive Order Release No. IC-18748 dated June 12, 1992, the following schedule enumerates the transactions with Merrill Lynch Government Securities Incorporated, for the six months ended June 30, 2002.
Purchases (In Thousands)
Transaction	Face	Security		Due
Date	Amount	Description	Rate	Date
02/05/2002	$ 40	Federal Home Loan Mtg.	2.35%	01/30/2003

Last Updated on 08/26/2002
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