<SEC-DOCUMENT>0000891092-11-003943.txt : 20110616
<SEC-HEADER>0000891092-11-003943.hdr.sgml : 20110616
<ACCEPTANCE-DATETIME>20110616171430
ACCESSION NUMBER:		0000891092-11-003943
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20110616
DATE AS OF CHANGE:		20110616
EFFECTIVENESS DATE:		20110616

FILER:

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

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08081
		FILM NUMBER:		11915945

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS FUND INC
		DATE OF NAME CHANGE:	19970226

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND, INC.
		CENTRAL INDEX KEY:			0001038186
		IRS NUMBER:				223536490
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08217
		FILM NUMBER:		11915946

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS NEW YORK IQUALITY FUND, INC.
		DATE OF NAME CHANGE:	20101109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MUNIHOLDINGS NEW YORK INSURED FUND, INC.
		DATE OF NAME CHANGE:	20070611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIHOLDINGS NEW YORK INSURED FUND INC
		DATE OF NAME CHANGE:	19970519
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>e44018_defa14a.htm
<DESCRIPTION>SCHEDULE 14A INFORMATION
<TEXT>
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<BR>
<P style="text-align: center;"> <B><font size="3">UNITED STATES</font></B><font size="3"><BR>

<B>SECURITIES AND EXCHANGE COMMISSION</B> </font><br>
  <B>Washington, D.C. 20549</B></P>
<P style="text-align: center;"> <B><font size="5">SCHEDULE 14A INFORMATION</font></B><BR>
<BR>
<B>Proxy Statement Pursuant to Section 14(a) of the</B><BR>
<B>Securities Exchange Act of 1934</B></P>



<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">

  <TR>

    <TD width=5%></TD>
    <TD width=39%></TD>
    <TD width=54%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left colspan=2> <FONT size=2>Filed by the Registrant </FONT><FONT size=2>|X|</FONT></TD>
    <TD align=left> <FONT size=2>Filed by a Party other than the Registrant </FONT><FONT size=2>|_|</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left colspan=2>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left colspan=2> <FONT size=2>Check the appropriate box:</FONT></TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|_|</font></TD>
    <TD align=left> <FONT size=2>Preliminary Proxy Statement</FONT></TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left colspan=2>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|_|</font></TD>
    <TD align=left colspan=2> <B><FONT size=2>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|_|</font></TD>
    <TD align=left> <FONT size=2>Definitive Proxy Statement</FONT></TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|X|</font></TD>
    <TD align=left> <FONT size=2>Definitive Additional Materials</FONT></TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left colspan=2>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|_|</font></TD>
    <TD align=left colspan=2> <FONT size=2>Soliciting Material Pursuant to &#167;240.14a-12</FONT></TD>
  </TR>

</TABLE>


<BR>

<P style="text-align: center;"> <B>BlackRock MuniHoldings Fund, Inc.</B><BR>

<B>BlackRock MuniHoldings New York Quality Fund, Inc.</B><BR>

<BR>

</P>
<hr noshade size="1" width="600" align="center">
<div align="center"><B><font size="1">(Name of Registrant as Specified In Its Charter)</font></B>
<font size="1"><br>
  </font><br>
</div>
<hr noshade size="1" width="600" align="center">
<div align="center"><B><font size="1">(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)</font></B>
</div>
<P style="text-align: left;"> Payment of Filing Fee (Check the appropriate box):</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">

  <TR>

    <TD width=3%></TD>
    <TD width=4%></TD>
    <TD width=92%></TD>
  </TR>


  <TR valign="bottom">
    <TD align=left><font size=2>|X|</font></TD>
    <TD align=left colspan=2><font size=2>No fee required.</font></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left colspan=2>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size=2>|_|</font></TD>
    <TD align=left colspan=2> <FONT size=2>Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left> <FONT size=2>(1)</FONT></TD>
    <TD align=left> <FONT size=2>Title of each class of securities to which transaction applies:</FONT></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>

  <TR>

    <TD>&nbsp; </TD>
    <TD colspan="2">
      <HR noshade size=1 width=100%>




</TD>
  </TR>

  <TR>

    <TD colspan=3>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left> <FONT size=2>(2)</FONT></TD>
    <TD align=left> <FONT size=2>Aggregate number of securities to which transaction applies:</FONT></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>


  <TR>

    <TD>&nbsp; </TD>
    <TD colspan="2">
      <HR noshade size=1 width=100%>




</TD>
  </TR>

  <TR>

    <TD colspan=3>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left valign="top"> <FONT size=2>(3)</FONT></TD>
    <TD align=left> <FONT size=2>Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</FONT></TD>
  </TR>


  <tr>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>

    <td>&nbsp; </td>
    <td colspan="2">
      <hr noshade size=1 width=100%>




</td>
  </tr>


</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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    <TD width=3%></TD>
    <TD width=5%></TD>
    <TD width=3%></TD>
    <TD width=3%></TD>
    <TD width=86%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;&nbsp;</TD>
    <TD align=left colspan="4">
      <hr noshade size=1 width=100%>
    </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left colspan=3>&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%"> <FONT size=2>(4)</FONT></TD>
    <TD align=left colspan=3> <FONT size=2>Proposed maximum aggregate value of transaction:</FONT></TD>
  </TR>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD colspan="4">&nbsp;</TD>
  </TR>

  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD colspan="4">
      <HR noshade size=1 width=100%>




</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left colspan=3>&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%"> <FONT size=2>(5)</FONT></TD>
    <TD align=left colspan=3> <FONT size=2>Total fee paid:</FONT></TD>
  </TR>

  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD colspan="4">



      <HR noshade size=1 width=100%>

</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%"> <FONT size=2>|_|</FONT></TD>
    <TD align=left colspan=2> <FONT size=2>Fee paid previously with preliminary materials.</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left colspan=2>&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%" valign="top"> <font size=2>|_|</font></TD>
    <TD align=left colspan=2> <FONT size=2>Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
  </TR>



  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%">&nbsp; </TD>
    <TD align=left colspan=2>&nbsp; </TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%">&nbsp; </TD>
    <TD align=left width="3%"> <FONT size=2>(1)</FONT></TD>
    <TD align=left width="86%"> <FONT size=2>Amount Previously Paid:</FONT></TD>
  </TR>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="86%">&nbsp;</TD>
  </TR>

  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="3%">&nbsp; </TD>
    <TD colspan="2">
      <HR noshade size=1 width=100%>




</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="86%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%">&nbsp; </TD>
    <TD align=left width="3%"> <FONT size=2>(2)</FONT></TD>
    <TD align=left width="86%"> <FONT size=2>Form, Schedule or Registration Statement No.:</FONT></TD>
  </TR>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>

  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="3%">&nbsp; </TD>
    <TD colspan="2">
      <HR noshade size=1 width=100%>




</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="86%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%">&nbsp; </TD>
    <TD align=left width="3%"> <FONT size=2>(3)</FONT></TD>
    <TD align=left width="86%"> <FONT size=2>Filing Party:</FONT></TD>
  </TR>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD colspan="2">&nbsp;</TD>
  </TR>

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    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp; </TD>
    <TD width="3%">&nbsp; </TD>
    <TD colspan="2">
      <HR noshade size=1 width=100%>




</TD>
  </TR>

  <TR valign="bottom">
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="3%">&nbsp; </TD>
    <TD align=left width="3%"> <FONT size=2>(4)</FONT></TD>
    <TD align=left width="86%"> <FONT size=2>Date Filed:</FONT></TD>
  </TR>

</TABLE>
<BR>
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<BR>




<div style="font-family: 'Arial';font-size: 10pt;">



<div align="center"><B><font size="3">*** Exercise Your </font></B><font size="3"><B><I>Right </I>to Vote ***</B></font>
</div>
<DIV STYLE="font-family: 'Arial';font-size: 10pt;">
<p align="center"><B>Important Notice Regarding the Availability of Proxy Materials for the <br>
    Shareholder Meeting to Be Held on July 28, 2011.</B>
</p>
  <TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 border=0 width="100%" cellpadding="1">
    <TR vAlign=bottom>
      <TD align=left width="50%">&nbsp;</TD>
      <TD align=center colSpan=3>
        <hr noshade size="1">
      </TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left width="50%"><B>BLACKROCK CLOSED-END FUNDS</B></TD>
      <TD align=center colSpan=3><B><U>Meeting Information</U></B></TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left width="50%">&nbsp;</TD>
      <TD style="TEXT-INDENT: 2px" align=left colspan="2"><B>Meeting Type:</B></TD>
      <TD align=left width="37%">Annual</TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left width="50%">&nbsp;</TD>
      <TD style="TEXT-INDENT: 2px" align=left colspan="2"><B>For holders as of:</B></TD>
      <TD width="37%">May 31, 2011</TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left width="50%">&nbsp;</TD>
      <TD style="TEXT-INDENT: 2px" align=left colspan="2"><B>Date: </B>July 28, 2011</TD>
        <TD align=left width="37%"><B>Time: </B>11:30 a.m. EASTERN TIME</TD>
    </TR>
    <TR vAlign=top>
      <TD width="50%"></TD>
      <TD width="11%"><b>Location: </b></TD>
      <TD colSpan=2>BlackRock Advisors, LLC <br>
        Park Avenue Plaza <br>
        55 East 52nd Street, 11th Floor <br>
        New York, NY 10055</TD>
    </TR>
    <tr valign=bottom>
      <td align=left width="50%">&nbsp;</td>
      <td align=center colspan=3>
        <hr noshade size="1">
      </td>
    </tr>

    <TR vAlign=top>
      <TD width="50%"></TD>
      <TD colSpan=3>
        You are receiving this communication because you hold shares in the above named fund.
        <P>This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. You may view the proxy materials online at <I>www.proxyvote.com </I>or easily request a paper copy (see reverse side).</P>
        <P>We encourage you to access and review all of the important information contained in the proxy materials before voting.
        </P>
      </TD>
    </TR>
    <TR vAlign=top>
      <TD width="50%">&nbsp;</TD>
      <TD colSpan=3>&nbsp;</TD>
    </TR>
    <TR vAlign=top>
      <TD width="50%"></TD>
      <TD colSpan=3 bgcolor="black">
        <p></p>
        <p><b><font color=#ffffff>See the reverse side of this notice to obtain proxy materials and voting instructions.</font></b></p>
      </TD>
    </TR>
  </TABLE>
  <BR>
<HR align=center width="100%" noshade SIZE=5>
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<DIV title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></DIV>
  <!-- -->
  <p align="center"><BR>

&#151;&#151;&nbsp;&nbsp;<B><font size="3">Before You Vote</font></B>&nbsp;&nbsp;&#151;&#151;<BR>

How to Access the Proxy Materials
</p>
<div style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 6pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 6pt; BORDER-LEFT: #000000 1px solid; WIDTH: 100%; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid">

  <TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 width="100%" border=0>

    <TR vAlign=bottom>
        <TD align=left colSpan=3><B>Proxy Materials Available to VIEW or RECEIVE:</B></TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left width="100%" colspan="3">PROXY STATEMENT</TD>
    </TR>

    <TR vAlign=bottom>
        <TD align=left width="100%" colspan="3"><B>How to View Online:</B></TD>
    </TR>

    <TR vAlign=bottom>
      <TD align=left colSpan=3>Have the information that is printed in the box marked by the arrow <b><font face="Wingdings 3">g</font> </b><u>| XXXX XXXX XXXX </u>| (located on the following page) and visit: <i>www.proxyvote.com.</i></TD>
    </TR>



    <TR vAlign=bottom>
      <TD align=left colSpan=3><B>How to Request and Receive a PAPER or E-MAIL Copy:</B></TD>
    </TR>


    <TR vAlign=bottom>
      <TD align=left colSpan=3>If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request:</TD>
    </TR>


    <TR vAlign=top>
      <TD width="20%">&nbsp;</TD>
      <TD width="20%">1) <i>BY INTERNET</i>:</TD>
      <TD width="60%">www.proxyvote.com</TD>
    </TR>
    <TR vAlign=top>
      <TD width="20%">&nbsp;</TD>
      <TD width="20%">2) <i>BY TELEPHONE</i>: </TD>
      <TD width="60%">1-800-579-1639 </TD>
    </TR>

    <TR vAlign=top>
      <TD width="20%">
        <P>&nbsp; </P>
      </TD>
      <TD width="20%">3) <i>BY E-MAIL*</i>:</TD>
      <TD width="60%">
        <P> sendmaterial@proxyvote.com</P>
      </TD>
    </TR>


    <TR vAlign=bottom>
      <TD align=left colSpan=3>* If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked by the arrow <b><font face="Wingdings 3">g</font> </b><u>| XXXX XXXX XXXX </u>| (located on the following page) in the subject line.</TD>
    </TR>



    <TR vAlign=bottom>
      <TD align=left colSpan=3>Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. Please make the request as instructed above on or before July 15, 2011 to facilitate timely delivery.</TD>
    </TR>


  </TABLE>
  </div><BR>

  <P align="center"><B>&#151;&#151;&nbsp;&nbsp;<font size="3">How To Vote</font>&nbsp;&nbsp;&#151;&#151;<br>
    </B>Please Choose One of the Following Voting Methods</P>
<div style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 6pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 6pt; PADDING-BOTTOM: 6pt; BORDER-LEFT: #000000 1px solid; WIDTH: 100%; PADDING-TOP: 6pt; BORDER-BOTTOM: #000000 1px solid">


<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 width="100%" border=0>

    <TR vAlign=top>
      <TD width="25%">
        <P><B>Vote In Person: </B>If you choose to vote these shares in person at the meeting, you must request a "<I>legal proxy.</I>" To do so, please follow the instructions at <I>www.proxyvote.com </I>or request a paper copy of the materials, which will contain the appropriate instructions. Many shareholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance.</P>
        <P><B>Vote By Internet: </B>To vote now by Internet, go to <I>www.proxyvote.com. </I>Have the information that is printed in the box marked by the arrow  <B><font face="Wingdings 3">g</font> </B><u>| XXXX XXXX XXXX </u>| available and follow the instructions.</P>
        <P><B>Vote By Mail: </B>You can vote by mail by requesting a paper copy of the materials, which will include a voting instruction form.</P>
      </TD>
    </TR>
  </TABLE>
</div>
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<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=425 cellpadding="2">

    <TR valign="bottom" align="center">
      <TD> <B>Voting Items</B></TD>
    </TR> </TABLE>

    <P><b>The Board of Directors recommends you vote FOR the following:</b></P>
    <table border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=600>

      <tr valign="bottom">
        <td align=left width=25> <b>1.</b></td>
        <td align=left colspan=4> <b>To Elect Board Member Nominees:</b> </td>
      </tr>

      <tr>
        <td colspan=5>&nbsp; </td>
      </tr>

      <tr valign="bottom">
        <td align=left width=25>&nbsp; </td>
        <td align=left width=40> 01)</td>
        <td align=left width=200> Paul L. Audet</td>
        <td align=left width=40> 06)</td>
        <td align=left width=282> Henry Gabbay</td>
      </tr>

      <tr valign="bottom">
        <td align=left width=25>&nbsp; </td>
        <td align=left width=40> 02)</td>
        <td align=left width=200> Michael J. Castellano</td>
        <td align=left width=43> 07)</td>
        <td align=left width=282> Jerrold B. Harris</td>
      </tr>

      <tr valign="bottom">
        <td align=left width=25>&nbsp; </td>
        <td align=left width=40> 03)</td>
        <td align=left width=200> Richard E. Cavanagh</td>
        <td align=left width=43> 08)</td>
        <td align=left width=282> R. Glenn Hubbard</td>
      </tr>

      <tr valign="bottom">
        <td align=left width=25>&nbsp; </td>
        <td align=left width=40> 04)</td>
        <td align=left width=200> Kathleen F. Feldstein</td>
        <td align=left width=43> 09)</td>
        <td align=left width=282> Karen P. Robards</td>
      </tr>

      <tr valign="bottom">
        <td align=left width=25>&nbsp; </td>
        <td align=left width=40> 05)</td>
        <td align=left width=200> James T. Flynn</td>
        <td align=left width=43>&nbsp; </td>
        <td align=left width=282>&nbsp; </td>
      </tr>

    </table>

    <p> <b>NOTE: </b>Such other business as may properly come before the meeting or any adjournment thereof.</p>
    <P>&nbsp;
</P>
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  <table border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=425 cellpadding="2">

    <tr valign="bottom" align="center">
      <td> <b>Voting Instructions</b></td>
    </tr>

  </table>
  <P>IF YOUR SECURITIES ARE HELD BY A BROKER WHO IS A MEMBER OF THE NEW YORK
STOCK EXCHANGE (NYSE), THE RULES OF THE NYSE WILL GUIDE THE VOTING PROCEDURES.
THESE RULES PROVIDE THAT IF INSTRUCTIONS ARE NOT RECEIVED FROM YOU PRIOR TO THE
ISSUANCE OF THE FIRST VOTE, THE PROXY MAY BE GIVEN AT DISCRETION OF YOUR BROKER
(ON THE TENTH DAY, IF THE MATERIAL WAS MAILED AT LEAST 15 DAYS PRIOR TO THE
MEETING DATE OR ON THE FIFTEENTH DAY, IF THE PROXY MATERIAL WAS MAILED 25
DAYS OR MORE PRIOR TO THE MEETING DATE). IN ORDER FOR YOUR BROKER TO EXERCISE
THIS DISCRETIONARY AUTHORITY, PROXY MATERIAL WOULD NEED TO HAVE BEEN MAILED AT
LEAST 15 DAYS PRIOR TO THE MEETING DATE, AND ONE OR MORE OF THE MATTERS BEFORE
THE MEETING MUST BE DEEMED "ROUTINE" IN NATURE ACCORDING TO NYSE GUIDELINES. IF
THESE TWO REQUIREMENTS ARE MET AND YOU HAVE NOT COMMUNICATED TO US PRIOR TO THE
FIRST VOTE BEING ISSUED, WE MAY VOTE YOUR SECURITIES AT OUR DISCRETION ON ANY
MATTERS DEEMED TO BE ROUTINE. WE WILL NEVERTHELESS FOLLOW YOUR INSTRUCTIONS,
EVEN IF OUR DISCRETIONARY VOTE HAS ALREADY BEEN GIVEN, PROVIDED YOUR
INSTRUCTIONS ARE RECEIVED PRIOR TO THE MEETING DATE.</P>

  <P> ALL PROPOSALS FOR THIS MEETING ARE CONSIDERED "ROUTINE". WE WILL VOTE IN OUR
DISCRETION ON ALL PROPOSALS, IF YOUR INSTRUCTIONS ARE NOT RECEIVED. </P>
  <P>IF YOUR
SECURITIES ARE HELD BY A BANK, YOUR SECURITIES CANNOT BE VOTED WITHOUT YOUR
SPECIFIC INSTRUCTIONS.</P>

  <P> **IF YOU HOLD YOUR SECURITIES THROUGH A CANADIAN BROKER OR BANK, PLEASE BE
ADVISED THAT YOU ARE RECEIVING THE VOTING INSTRUCTION FORM AND MEETING
MATERIALS, AT THE DIRECTION OF THE ISSUER. EVEN IF YOU HAVE DECLINED TO RECEIVE
SECURITY-HOLDER MATERIALS, A REPORTING ISSUER IS REQUIRED TO DELIVER THESE
MATERIALS TO YOU. IF YOU HAVE ADVISED YOUR INTERMEDIARY THAT YOU OBJECT TO THE
DISCLOSURE OF YOUR BENEFICIAL OWNERSHIP INFORMATION TO THE REPORTING ISSUER, IT
IS OUR RESPONSIBILITY TO DELIVER THESE MATERIALS TO YOU ON BEHALF OF THE
REPORTING ISSUER. THESE MATERIALS ARE BEING SENT AT NO COST TO YOU.</P>

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