Material Editor > Get Material or Type button > Material/Map Browser > Browse From group > Select Mtl Library. > File group > Open material library. > File group > Merge
The Merge Material Library dialog lets you merge materials in the open material library with materials in another material library or another 3ds max scene.

This is a standard Windows file dialog. It lets you select either material library (.mat) files or 3ds max (.max) scene files.
When you click OK, a further Merge dialog is displayed. This lets you select by name the materials you want to merge with the open library.
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