-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>/in/edgar/work/20000809/0001034665-00-000002/0001034665-00-000002.txt : 20000921
<SEC-HEADER>0001034665-00-000002.hdr.sgml : 20000921
ACCESSION NUMBER:		0001034665-00-000002
CONFORMED SUBMISSION TYPE:	NSAR-B/A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20000430
FILED AS OF DATE:		20000809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MUNIHOLDINGS FUND INC
		CENTRAL INDEX KEY:			0001034665
		STANDARD INDUSTRIAL CLASSIFICATION:	 [
]		IRS NUMBER:				223508039
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		NSAR-B/A
			SEC ACT:		
			SEC FILE NUMBER:	811-08081
			FILM NUMBER:		689585
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		800 SCUDDERS MILL RD
				STREET 2:		C/O MERRILL LYNCH ASSET MANAGEMENT
				CITY:			PLAINSBORO
				STATE:			NJ
				ZIP:			08536
				BUSINESS PHONE:		6092823087
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		MERRILL LYNCH ASSET MANAGEMENT
					STREET 2:		INFO SYSTEMS SECT 2-B PO BOX 9011
					CITY:			PRINCETON
					STATE:			NJ
					ZIP:			08543-9011
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B/A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>N-SAR (6.1)
<TEXT>

<PAGE>      PAGE  1
000 B000000 04/30/2000
000 C000000 0001034665
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 MUNIHOLDINGS FUND, INC.
001 B000000 811-8081
001 C000000 6092822800
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   2.1
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000 102.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
<PAGE>      PAGE  2
071 A000000    414415
071 B000000    406484
071 C000000    295216
071 D000000  138
072 A000000 12
074 N000000   311163
074 T000000   181324
075 A000000        0
075 B000000   306801
077 A000000 Y
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000      750
081 A000000 Y
081 B000000 164
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
SIGNATURE   DONALD C. BURKE
TITLE       TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B
<SEQUENCE>2
<FILENAME>0002.txt
<TEXT>



Report of Independent Auditors


To the Shareholders and Board of Directors,
MuniHoldings Fund, Inc.

In planning and performing our audit of the financial
statements of MuniHoldings Fund, Inc. for the year ended
April 30, 2000, we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to
provide assurance on the internal control.

The management of MuniHoldings Fund, Inc. is responsible
for establishing and maintaining internal control.  In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related
costs of controls.  Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with accounting principles generally accepted in
the United States.  Those controls include the safeguarding
of assets against unauthorized acquisition, use, or
disposition.

Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of
any evaluation of internal control to future periods is subject
to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design
and operation may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants.  A material
weakness is a condition in which the design or operation of
one or more of the internal control components does not
reduce to a relatively low level the risk that misstatements
caused by error or fraud in amounts that would be material
in relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal
control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above as of April 30, 2000.

This report is intended solely for the information and use of
the Board of Directors and management of MuniHoldings
Fund, Inc. and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone
other than these specified parties.

				/s/ Ernst & Young LLP

MetroPark, New Jersey
May 26, 2000

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O
<SEQUENCE>3
<FILENAME>0003.htm
<TEXT>

<HTML>
<HEAD>
<TITLE>10F-3 TRANSACTIONS</TITLE>
</HEAD>
<BODY>

<FONT SIZE=2><P ALIGN="CENTER">MUNIHOLDINGS FUND, INC.</P>
<P ALIGN="CENTER">FILE # 811-8081</P>
<P ALIGN="CENTER">ATTACHMENT 77O</P>

<P>&nbsp;</P></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=7 WIDTH=637>
<TR><TD WIDTH="16%" VALIGN="TOP">
<B><FONT SIZE=2><P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>TRADE DATE</B></FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<B><FONT SIZE=2>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">DESCRIPTION OF SECURITY</B></FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">ISSUE SIZE </B></FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<B><FONT SIZE=2>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P ALIGN="CENTER">AMOUNT PURCHASED</B></FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">MEMBER OF UNDERWRITING SYNDICATE FROM WHOM FUND PURCHASED</B></FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">4/12/00</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT SIZE=2><P>NY TFA  5.5  11/1/24</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$573,405,000</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$10,000,000</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">
<FONT SIZE=2><P>Morgan Stanley</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="CENTER">4/28/00</FONT></TD>
<TD WIDTH="24%" VALIGN="TOP">
<FONT SIZE=2><P>NY Dorm Mt. Siani  6.5 7/1/25</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"></P>
<P ALIGN="RIGHT">$499,940,000</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT"></P>
<P ALIGN="RIGHT">$10,000,000</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">
<FONT SIZE=2>
<P>Goldman Sachs</FONT></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="24%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="23%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P>&nbsp;</P></FONT></BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q2
<SEQUENCE>4
<FILENAME>0004.htm
<TEXT>

<HTML>
<HEAD>
</HEAD>
<BODY>

<B><P ALIGN="CENTER">MuniHoldings Fund, Inc.</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">File No. 811-8081</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Item No. 77Q2</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Compliance with Section 16(a) of the</P>
<P ALIGN="CENTER">Securities Exchange Act of 1934</P>
</B>
<P>&nbsp;</P>
<P>Mr. Robert DiMella, a Vice President of the Investmet Advisor and Portfolio Manager to the Registrant is subject to Section 16 of the Securities Exchange Act of 1934 with respect to the Registrant.  A Form 3 should have been filed on his behalf by June
10, 1999; however a late filing was executed on August 26, 1999.</P>
<FONT SIZE=2></FONT></BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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