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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000741886-03-000006.txt : 20030127
<SEC-HEADER>0000741886-03-000006.hdr.sgml : 20030127
<ACCEPTANCE-DATETIME>20030127154629
ACCESSION NUMBER:		0000741886-03-000006
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20021130
FILED AS OF DATE:		20030127
EFFECTIVENESS DATE:		20030127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MUNIASSETS FUND INC
		CENTRAL INDEX KEY:			0000901243
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07642
		FILM NUMBER:		03525943

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL RD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		6092822800

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNIINCOME FUND INC
		DATE OF NAME CHANGE:	19930517
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
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011 C020001 NY
011 C030001 10281
011 C040001 1201
012 A000001 THE BANK OF NEW YORK
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013 A000001 DELOITTE & TOUCHE LLP
<PAGE>      PAGE  2
013 B010001 PRINCETON
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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
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015 A000002 BANKERS TRUST COMPANY
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10006
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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.
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015 C010004 NEW YORK
015 C020004 NY
015 C030004 10167
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<PAGE>      PAGE  3
022 B000001 13-3224016
022 C000001     12210
022 D000001     11930
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002      8951
022 D000002      4400
022 A000003 SALOMON SMITH BARNEY INC.
022 B000003 11-2418191
022 C000003      9409
022 D000003      1378
022 A000004 MORGAN KEEGAN & COMPANY, INC.
022 B000004 64-0474907
022 C000004      5245
022 D000004      5245
022 A000005 MORGAN STANLEY DEAN WITTER & CO.
022 B000005 13-2655998
022 C000005      3870
022 D000005      6172
022 A000006 U.S. BANCORP PIPER JAFFRAY INC.
022 B000006 41-0953246
022 C000006      4739
022 D000006      2600
022 A000007 BEAR, STEARNS & CO. INC.
022 B000007 13-3299429
022 C000007      3812
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022 A000008 ROOSEVELT & CROSS INCORPORATED
022 B000008 13-2728032
022 C000008         0
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022 A000009 UBS PAINEWEBBER, INC.
022 B000009 13-2638166
022 C000009         0
022 D000009      3923
022 A000010 LEHMAN BROTHERS INC.
022 B000010 13-2518466
022 C000010      3686
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SIGNATURE   DONALD C. BURKE
TITLE       TREASURER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>3
<FILENAME>maset77o.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="01/09/2003">
</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>MUNIASSETS 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 # 811-7642</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=168><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>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=114><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>AMOUNT</B></P>
<P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000" align=center><B>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=138><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>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=168><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=114><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;2,330,000 </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=138><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>10/25/2002</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=168><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Tobacco Settlement Auth 6.625% 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;&nbsp;&nbsp;&nbsp;517,905,000 </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=114><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;1,550,000 </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=138><P style="margin:0pt; padding:0pt; text-indent:0pt; line-height:10pt; font-size:10pt; color:#000000">Bear Stearns</P>
</TD></TR>
</TABLE>
<P style="margin-left:0pt; margin-top:0pt; margin-bottom:0pt; padding:0pt; text-indent:0pt; font-size:10pt; color:#000000"><BR></P>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>4
<FILENAME>muna77q3.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Memo</TITLE>
<META NAME="author" CONTENT="stewabr">
<META NAME="date" CONTENT="01/23/2003">
</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:0pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:0pt; 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: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-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 MuniAssets 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 MuniAssets 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: January 22, 2003</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-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">Chief Financial Officer of</P>
<P style="margin:0pt; padding-left:72pt; padding-top:0pt; padding-right:-18.05pt; padding-bottom:0pt; text-indent:144pt; line-height:12pt; font-size:12pt; color:#000000">&nbsp;</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">MuniAssets 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: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: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"><BR></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: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-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, Terry K. Glenn, President of MuniAssets 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 MuniAssets 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: January 22, 2003</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; line-height:12pt; font-size:12pt; color:#000000">&nbsp;</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">MuniAssets Fund, Inc.)</P>
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<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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