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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000790525-02-000009.txt : 20021226
<SEC-HEADER>0000790525-02-000009.hdr.sgml : 20021225
<ACCEPTANCE-DATETIME>20021226114548
ACCESSION NUMBER:		0000790525-02-000009
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20021031
FILED AS OF DATE:		20021226
EFFECTIVENESS DATE:		20021226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MUNIHOLDINGS FUND INC
		CENTRAL INDEX KEY:			0001034665
		IRS NUMBER:				223508039
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08081
		FILM NUMBER:		02868757

	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

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 A000000 10/31/2002
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011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
011 C040001 1201
012 A000001 THE BANK OF NEW YORK (COMMON)
012 B000001 85-05006
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10286
<PAGE>      PAGE  2
012 A000002 THE BANK OF NEW YORK (PREFERRED)
012 B000002 85-05006
012 C010002 NEW YORK
012 C020002 NY
012 C030002 10286
013 A000001 ERNST & YOUNG LLP
013 B010001 METROPARK
013 B020001 NJ
013 B030001 08830
013 B040001 0471
014 A000001 MLPF&S AND OTHER ML BROKER/DEALER AFFILIATES
014 B000001 8-7221
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
015 A000002 BANKERS TRUST COMPANY
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10006
015 E010002 X
015 A000003 J.P. MORGAN CHASE BANK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10017
015 E010003 X
015 A000004 CUSTODIAL TRUST CO.
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10167
015 E010004 X
015 A000005 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10260
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018  000000 Y
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<PAGE>      PAGE  3
020 C000006      0
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021  000000        0
022 A000001 J.P. MORGAN SECURITIES INC.
022 B000001 13-3224016
022 C000001     21175
022 D000001     38975
022 A000002 MERRILL LYNCH INSTITUTIONAL TAX-EXEMPT FUND
022 B000002 22-2509978
022 C000002     18775
022 D000002     11400
022 A000003 MORGAN STANLEY DEAN WITTER & CO.
022 B000003 13-2655998
022 C000003     20446
022 D000003      9200
022 A000004 SALOMON SMITH BARNEY INC.
022 B000004 11-2418191
022 C000004     17131
022 D000004      8615
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005     11052
022 D000005      6105
022 A000006 LOOP CAPITAL MARKETS, L.L.C.
022 B000006 36-4164012
022 C000006      5261
022 D000006      6850
022 A000007 CIBC WORLD MARKETS CORP.
022 B000007 13-2798343
022 C000007         0
022 D000007     11168
022 A000008 BEAR, STEARNS & CO. INC.
022 B000008 13-3299429
022 C000008      6947
022 D000008      3585
022 A000009 UBS PAINEWEBBER INC.
022 B000009 13-2638166
022 C000009      5288
022 D000009      3875
022 A000010 BANC OF AMERICA SECURITIES LLC
022 B000010 56-2058405
022 C000010      9047
022 D000010         0
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023 D000000     127139
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026 A000000 N
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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SIGNATURE   DONALD C. BURKE
TITLE       TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>mh77o.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>10F-3 TRANSACTIONS</TITLE>
<META NAME="author" CONTENT="reillhe">
<META NAME="date" CONTENT="12/16/2002">
</HEAD>
<BODY>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>MUNIHOLDINGS FUND, INC.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>FILE # 811-8081</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center>ATTACHMENT 77O</P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<TABLE style="margin-left:0pt"><TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000"><B>TRADE DATE</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=180><P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>DESCRIPTION OF SECURITY</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000" align=center><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>ISSUE SIZE </B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=108><P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>AMOUNT PURCHASED</B></P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=144><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>MEMBER OF UNDERWRITING SYNDICATE FROM WHOM FUND PURCHASED</B></P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>06/21/2002</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=180><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Rhode Island St Hlth &amp; Ed 6.375% &nbsp;8/15/21</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,000,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=108><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,500,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=144><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Morgan Stanley</P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>06/21/2002</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=180><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Rhode Island St Hlth &amp; Ed 6.5% &nbsp;8/15/32</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,000,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=108><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,385,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=144><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Morgan Stanley</P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>07/19/2002</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=180><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Illinois Hsg Dev Auth &nbsp;5.35% &nbsp;2/1/27</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,000,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=108><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,000,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=144><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Salomon</P>
</TD></TR>
<TR><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>08/15/2002</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=180><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Tobacco Settlement Fin Corp 5.75 % 06/01/32</P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=102><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,801,455,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=108><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,350,000 </P>
</TD><TD style="padding-left:7.2pt; padding-top:0pt; padding-right:7.2pt; padding-bottom:0pt; border:0.5pt solid #000000" align=left valign=top width=144><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Salomon</P>
</TD></TR>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>4
<FILENAME>mh77q3.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Memo</TITLE>
<META NAME="author" CONTENT="stewabr">
<META NAME="date" CONTENT="12/23/2002">
</HEAD>
<BODY>
<I><P style="margin:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:528pt; font-size:10pt; color:#000000"><BR></I></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<BR>
<BR>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><B>Item 77Q3(a)(i)</B></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:40.5pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:1.5pt; line-height:20.75pt; font-size:10pt; color:#000000">The registrant&#146;s certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. &nbsp;The registrant&#146;s certifying officers have determined that the registrant&#146;s disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report.</P>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:20.75pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">#</P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<I><P style="margin:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:528pt; font-size:10pt; color:#000000"><BR></I></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<BR>
<P style="margin:0pt; padding-left:40.5pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:20.75pt; font-size:12pt; color:#000000"><B>Item 77Q3(a)(ii)</B></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-78pt; line-height:20.75pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:45pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-3pt; line-height:20.75pt; font-size:10pt; color:#000000">There were no significant changes in the registrant&#146;s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">#</P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<I><P style="margin:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:528pt; font-size:10pt; color:#000000"><BR></I></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<BR>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-78pt; line-height:20.75pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-78pt; line-height:20.75pt; font-size:12pt; color:#000000"><B>EX-99.77Q3 CERT</B></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-36pt; line-height:20.75pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:77.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:3pt; text-indent:-77.75pt; line-height:12pt; font-size:12pt; color:#000000; border-bottom:0.75pt solid #000000" align=center><B>CERTIFICATION PURSUANT TO SECTION 302</B></P>
<P style="margin:0pt; padding-left:77.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:3pt; text-indent:-77.75pt; line-height:12pt; font-size:12pt; color:#000000; border-bottom:0.75pt solid #000000" align=center><B>OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">I, Donald C. Burke, Chief Financial Officer of MuniHoldings Fund, Inc., certify that:</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">1.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">I have reviewed this report on Form N-SAR of MuniHoldings Fund, Inc.;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">2.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">3.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Based on my knowledge, the financial information included in this report, and the financial statements on which the financial information is based, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">4.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-2(c) under the Investment Company Act) for the registrant and have:</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">a)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">designed such disclosure controls and procedures to ensure that material information related to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">b)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the &#147;Evaluation Date&#148;); and </P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">c)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">1.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">The registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">a)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize, and report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls; and</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">b)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">1.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">The registrant&#146;s other certifying officers and I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Date: December 23, 2002</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:30.25pt; line-height:12pt; font-size:12pt; color:#000000">_<U>/s/ Donald C. Burke</U>________</P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:30.25pt; line-height:12pt; font-size:12pt; color:#000000">(Donald C. Burke</P>
<P style="margin:0pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Chief Financial Officer of </P>
<P style="margin:0pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">MuniHoldings Fund, Inc.,)</P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">#</P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<I><P style="margin:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:528pt; font-size:10pt; color:#000000"><BR></I></P>
<P style="margin:0pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
<BR>
<P style="margin:0pt; padding-left:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:20.75pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-78pt; line-height:20.75pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-78pt; line-height:20.75pt; font-size:12pt; color:#000000"><B>EX-99.77Q3 CERT</B></P>
<P style="margin:0pt; padding-left:78pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-36pt; line-height:20.75pt; font-size:10pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:77.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:3pt; text-indent:-77.75pt; line-height:12pt; font-size:12pt; color:#000000; border-bottom:0.75pt solid #000000" align=center><B>CERTIFICATION PURSUANT TO SECTION 302</B></P>
<P style="margin:0pt; padding-left:77.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:3pt; text-indent:-77.75pt; line-height:12pt; font-size:12pt; color:#000000; border-bottom:0.75pt solid #000000" align=center><B>OF THE SARBANES-OXLEY ACT OF 2002</B></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:42pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">I, Terry K. Glenn, President of MuniHoldings Fund, Inc., certify that:</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">1.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">I have reviewed this report on Form N-SAR of MuniHoldings Fund, Inc.;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">2.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">3.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Based on my knowledge, the financial information included in this report, and the financial statements on which the financial information is based, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">4.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:18pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in rule 30a-2(c) under the Investment Company Act) for the registrant and have:</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">a)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">designed such disclosure controls and procedures to ensure that material information related to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">b)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the &#147;Evaluation Date&#148;); and </P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">c)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">presented in this report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">5. &nbsp;The registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">a)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize, and report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls; and</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">b)</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:126pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:90pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:-18pt; line-height:12pt; font-size:12pt; color:#000000">6. &nbsp;The registrant&#146;s other certifying officers and I have indicated in this report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">Date: December 23, 2002</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:11pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:30.25pt; line-height:12pt; font-size:12pt; color:#000000">_<U>/s/ Terry K. Glenn</U>________</P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:30.25pt; line-height:12pt; font-size:12pt; color:#000000">(Terry K. Glenn</P>
<P style="margin-left:0pt; margin-top:0pt; margin-right:0pt; margin-bottom:-12pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">President of</P>
<P style="margin:0pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:72pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; line-height:12pt; font-size:12pt; color:#000000">MuniHoldings Fund, Inc.)</P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin:0pt; padding-left:41.75pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; font-size:12pt; color:#000000"><BR></P>
<P style="margin-left:0pt; margin-top:17.5pt; margin-right:0pt; margin-bottom:0pt; padding-left:-54pt; padding-top:0pt; padding-right:-54.05pt; padding-bottom:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">#</P>
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