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MuniHoldings Florida Insured Fund III
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 tax.

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

Offering Information
NYSE:MFD Financial: SIC 6726
Type of Shares:Shares of Beneficial Interest Filing Date:6/12/98
U.S. Shares:5,400,000 Offer Date:10/2/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:5,400,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:
Offering Amount: $81,000,000 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

Use of Proceeds
The proceeds from the proposed offering will be invested in accordance with the investment objectives of the Fund.

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