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MuniHoldings New York Fund, Inc.
800 Scudders Mill Road, Plainsboro, NJ 08536 * (609) 282-2800

The company is a closed end investment trust. The investment objective of the fund is to provide shareholders with current income exempt from federal income taxes. The fund will achieve this by investing primarily in a portfolio of municipal obligations

Primary Underwriting Group
ManagerTierPhone
Merrill Lynch & Co.Lead Manager (212) 449-4600

Offering Information
NYSE:MUN Financial: SIC 6726
Type of Shares:Common Shares Filing Date:12/23/97
U.S. Shares:6,700,000 Offer Date:3/3/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:6,700,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:
Offering Amount: $100,500,000 Selling:
Expenses: - Reallowance:
Post-IPO Shares: -
Type of fund: Muni Bond

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Brown & Wood
Bank's Law Firm: Brown & Wood
Registrar/Transfer Agent: Bank of New York

Use of Proceeds
The proceeds from the proposed offering will be invested in accordance with the fund's investment objective.

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