UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File number 811-8217
Name of Fund: MuniHoldings New York Insured Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, MuniHoldings New York Insured Fund, Inc., 800 Scudders Mill Road,
Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ
08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 08/31/2006
Date of reporting period: 09/01/05 - 11/30/05
Item 1 - Schedule of Investments
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
New York - 148.6% $ 1,500 Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT,
5.375% due 12/15/2017 (d) $ 1,568
-------------------------------------------------------------------------------------------------------
1,500 Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT,
5.50% due 12/15/2019 (d) 1,573
-------------------------------------------------------------------------------------------------------
5,200 Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT,
6% due 12/15/2023 (d) 5,522
-------------------------------------------------------------------------------------------------------
3,375 Albany, New York, IDA, Civic Facility Revenue Bonds (The University Heights
Association-Albany Law School), Series A, 6.75% due 12/01/2029 (l) 3,747
-------------------------------------------------------------------------------------------------------
1,000 Albany, New York, Municipal Water Finance Authority, Water and Sewer System
Revenue Refunding Bonds, Series A, 6.375% due 12/01/2009 (b)(f) 1,118
-------------------------------------------------------------------------------------------------------
1,000 Buffalo, New York, GO, Series D, 6% due 12/01/2009 (d)(f) 1,104
-------------------------------------------------------------------------------------------------------
1,000 Buffalo, New York, GO, Series D, 6% due 12/01/2009 (d)(f) 1,098
-------------------------------------------------------------------------------------------------------
1,025 Erie County, New York, GO, Public Improvement, Series A, 5.75%
due 10/01/2013 (b) 1,113
-------------------------------------------------------------------------------------------------------
2,500 Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo
Project), 5.75% due 5/01/2019 (d) 2,766
-------------------------------------------------------------------------------------------------------
5,150 Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo
Project), 5.75% due 5/01/2024 (d) 5,579
-------------------------------------------------------------------------------------------------------
3,000 Long Island Power Authority, New York, Electric System Revenue Bonds, Series A,
5% due 9/01/2029 (a) 3,105
-------------------------------------------------------------------------------------------------------
5,950 Long Island Power Authority, New York, Electric System Revenue Bonds, Series A,
5% due 9/01/2034 (a) 6,133
-------------------------------------------------------------------------------------------------------
540 Metropolitan Transportation Authority, New York, Commuter Facilities, Revenue
Refunding Bonds, Series D, 5.125% due 7/01/2022 (e)(i) 554
-------------------------------------------------------------------------------------------------------
7,280 Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue
Bonds, Series A, 5% due 11/15/2011 (b)(f) 7,822
-------------------------------------------------------------------------------------------------------
6,700 Metropolitan Transportation Authority, New York, Dedicated Tax Fund, Revenue
Refunding Bonds, VRDN, Series B, 2.98% due 11/01/2022 (d)(h) 6,700
-------------------------------------------------------------------------------------------------------
2,000 Metropolitan Transportation Authority, New York, Revenue Bonds, Series A, 4.75%
due 11/15/2030 (a) 2,016
-------------------------------------------------------------------------------------------------------
1,350 Metropolitan Transportation Authority, New York, Revenue Bonds, Series A, 4.50%
due 11/15/2034 (a) 1,312
-------------------------------------------------------------------------------------------------------
3,000 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds, RIB,
Series 724X, 8.20% due 11/15/2032 (d)(g) 3,625
-------------------------------------------------------------------------------------------------------
5,000 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5% due 11/15/2030 (d) 5,139
-------------------------------------------------------------------------------------------------------
2,500 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.25% due 11/15/2031 (b) 2,643
-------------------------------------------------------------------------------------------------------
29,000 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.75% due 11/15/2032 (d) 32,018
-------------------------------------------------------------------------------------------------------
1,500 Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series B, 5% due 11/15/2028 (e) 1,553
-------------------------------------------------------------------------------------------------------
3,500 Metropolitan Transportation Authority, New York, Service Contract Revenue
Refunding Bonds, Series A, 5% due 7/01/2021 (b) 3,678
-------------------------------------------------------------------------------------------------------
2,000 Metropolitan Transportation Authority, New York, Service Contract Revenue
Refunding Bonds, Series A, 5% due 7/01/2025 (b) 2,087
-------------------------------------------------------------------------------------------------------
2,500 Metropolitan Transportation Authority, New York, Transit Facilities Revenue
Bonds, Series A, 5% due 11/15/2032 (b) 2,568
-------------------------------------------------------------------------------------------------------
2,535 Metropolitan Transportation Authority, New York, Transit Facilities Revenue
Bonds, Series C, 4.75% due 7/01/2012 (d)(f) 2,694
-------------------------------------------------------------------------------------------------------
1,000 Metropolitan Transportation Authority, New York, Transit Facilities Revenue
Bonds, Series C-1, 5.50% due 7/01/2008 (e)(f) 1,057
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Portfolio Abbreviations
To simplify the listings of MuniHoldings New York Insured Fund, Inc.'s portfolio
holdings in the Schedule of Investments, we have abbreviated the names of many
of the securities according to the list at right.
AMT Alternative Minimum Tax (subject to)
COP Certificates of Participation
DRIVERS Derivative Inverse Tax-Exempt Receipts
GO General Obligation Bonds
HFA Housing Finance Agency
IDA Industrial Development Authority
IDR Industrial Development Revenue Bonds
M/F Multi-Family
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
VRDN Variable Rate Demand Notes
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 6,300 Metropolitan Transportation Authority, New York, Transportation Revenue
Refunding Bonds, Series F, 5.25% due 11/15/2027 (e) $ 6,718
-------------------------------------------------------------------------------------------------------
2,385 Monroe Woodbury, New York, Central School District, GO, 5.625% due 5/15/2006 (e) 2,459
-------------------------------------------------------------------------------------------------------
1,410 Montgomery County, New York, IDA, Lease Revenue Bonds (Hamilton Fulton Montgomery
Board of Cooperative Educational Services Project), Series A, 5% due 7/01/2034 (k) 1,445
-------------------------------------------------------------------------------------------------------
5,210 Nassau Health Care Corporation, New York, Health System Revenue Bonds, 5.75%
due 8/01/2009 (d)(f) 5,718
-------------------------------------------------------------------------------------------------------
2,000 New York City, New York, City Health and Hospital Corporation, Health System
Revenue Refunding Bonds, Series A, 5.25% due 2/15/2017 (e) 2,112
-------------------------------------------------------------------------------------------------------
2,340 New York City, New York, City Housing Development Corporation, M/F Housing
Revenue Bonds, AMT, Series H-2, 5.125% due 11/01/2034 2,345
-------------------------------------------------------------------------------------------------------
885 New York City, New York, City IDA, Civic Facility Revenue Bonds (Anti-Defamation
League Foundation), Series A, 5.50% due 6/01/2022 (e) 929
-------------------------------------------------------------------------------------------------------
1,200 New York City, New York, City IDA, Civic Facility Revenue Refunding Bonds
(Nightingale-Bamford School), 5.25% due 1/15/2017 (a) 1,291
-------------------------------------------------------------------------------------------------------
12,700 New York City, New York, City IDA, IDR (Japan Airlines Company), AMT, 6%
due 11/01/2015 (d) 13,102
-------------------------------------------------------------------------------------------------------
7,965 New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal
Charter-New York Presbyterian), 5.75% due 12/15/2029 (d) 8,877
-------------------------------------------------------------------------------------------------------
5,000 New York City, New York, City IDA, Special Facilities Revenue Bonds (Terminal
One Group Association Project), AMT, 6.125% due 1/01/2024 (e) 5,013
-------------------------------------------------------------------------------------------------------
1,500 New York City, New York, City IDA, Special Facilities Revenue Refunding Bonds
(Terminal One Group Association Project), AMT, 5.50% due 1/01/2024 1,578
-------------------------------------------------------------------------------------------------------
500 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Crossover Revenue Refunding Bonds, Series F, 5% due 6/15/2029 (d) 511
-------------------------------------------------------------------------------------------------------
11,500 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, RIB, Series 726X, 8.20% due 6/15/2027 (e)(g) 13,824
-------------------------------------------------------------------------------------------------------
2,850 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series A, 5.75% due 6/15/2009 (b)(f) 3,096
-------------------------------------------------------------------------------------------------------
3,970 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series B, 5.75% due 6/15/2006 (e)(f) 4,065
-------------------------------------------------------------------------------------------------------
11,000 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series B, 5.75% due 6/15/2007 (e)(f) 11,509
-------------------------------------------------------------------------------------------------------
1,250 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series A, 5.125% due 6/15/2034 (e) 1,289
-------------------------------------------------------------------------------------------------------
7,380 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series B, 5.75% due 6/15/2026 (e) 7,553
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 1,000 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, VRDN, Series A, 2.97% due 6/15/2025 (b)(h) $ 1,000
-------------------------------------------------------------------------------------------------------
3,300 New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Refunding Bonds, VRDN, Series G, 2.93% due 6/15/2024 (b)(h) 3,300
-------------------------------------------------------------------------------------------------------
1,145 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series B, 5.50% due 2/01/2012 (e) 1,248
-------------------------------------------------------------------------------------------------------
805 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series B, 5.50% due 2/01/2013 (e) 879
-------------------------------------------------------------------------------------------------------
6,405 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series B, 6.25% due 11/15/2018 (b) 7,194
-------------------------------------------------------------------------------------------------------
1,180 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series C, 5.50% due 5/01/2009 (f) 1,270
-------------------------------------------------------------------------------------------------------
16,200 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series C, 5% due 2/01/2033 (b) 16,636
-------------------------------------------------------------------------------------------------------
2,500 New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds, Series E, 5.25% due 2/01/2022 (e) 2,687
-------------------------------------------------------------------------------------------------------
1,000 New York City, New York, City Transitional Finance Authority, Revenue Refunding
Bonds, Series A, 5% due 11/15/2026 (b) 1,033
-------------------------------------------------------------------------------------------------------
4,750 New York City, New York, GO, RIB, Series 725X, 8.20% due 3/15/2027 (d)(g) 5,661
-------------------------------------------------------------------------------------------------------
880 New York City, New York, GO, Refunding, Series A, 6.375% due 5/15/2010 (b)(f) 992
-------------------------------------------------------------------------------------------------------
3,700 New York City, New York, GO, Refunding, Series A, 6.25% due 5/15/2026 (d) 4,117
-------------------------------------------------------------------------------------------------------
4,500 New York City, New York, GO, Series B, 5.75% due 8/01/2013 (e) 4,944
-------------------------------------------------------------------------------------------------------
3,750 New York City, New York, GO, Series D, 5.25% due 10/15/2023 3,952
-------------------------------------------------------------------------------------------------------
5,000 New York City, New York, GO, Series D, 5% due 11/01/2034 5,090
-------------------------------------------------------------------------------------------------------
1,850 New York City, New York, GO, Series I, 6.25% due 4/15/2007 (e)(f) 1,941
-------------------------------------------------------------------------------------------------------
8,000 New York City, New York, GO, Series J, 5% due 5/15/2023 8,239
-------------------------------------------------------------------------------------------------------
11,500 New York City, New York, GO, Series M, 5% due 4/01/2035 11,714
-------------------------------------------------------------------------------------------------------
1,150 New York City, New York, GO, Sub-Series C-1, 5.25% due 8/15/2026 1,212
-------------------------------------------------------------------------------------------------------
800 New York City, New York, GO, VRDN, Sub-Series A-6, 2.97% due 11/01/2026 (d)(h) 800
-------------------------------------------------------------------------------------------------------
4,900 New York City, New York, IDA, Civic Facility Revenue Bonds (Ethical Culture
Fieldston School Project), Sub-Series B-1, 4.50% due 6/01/2035 (k) 4,737
-------------------------------------------------------------------------------------------------------
1,250 New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds,
DRIVERS, Series 1133Z, 7.147% due 10/15/2012 (a)(g) 1,427
-------------------------------------------------------------------------------------------------------
3,000 New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds,
Series A, 5% due 10/15/2029 (a) 3,122
-------------------------------------------------------------------------------------------------------
13,350 New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds,
Series A, 5% due 10/15/2032 (a) 13,843
-------------------------------------------------------------------------------------------------------
1,745 New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds,
Series A, 4.50% due 10/15/2033 (a) 1,712
-------------------------------------------------------------------------------------------------------
3,950 New York City, New York, Trust for Cultural Resources, Revenue Refunding Bonds
(American Museum of Natural History), Series A, 5% due 7/01/2036 (e) 4,080
-------------------------------------------------------------------------------------------------------
21,700 New York Convention Center Development Corporation, New York, Revenue Bonds
(Hotel Unit Fee Secured), 5% due 11/15/2035 (a) 22,492
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 1,000 New York State Dormitory Authority, Hospital Revenue Refunding Bonds (New York
Presbyterian Hospital), 5.50% due 8/01/2011 (a)(c) $ 1,088
-------------------------------------------------------------------------------------------------------
2,000 New York State Dormitory Authority, Hospital Revenue Refunding Bonds (North
General Hospital), 5.75% due 2/15/2017 (k) 2,222
-------------------------------------------------------------------------------------------------------
1,535 New York State Dormitory Authority, Lease Revenue Bonds (Municipal Health
Facilities Improvement Program), Series 1, 5.50% due 1/15/2014 (d) 1,663
-------------------------------------------------------------------------------------------------------
645 New York State Dormitory Authority, Lease Revenue Bonds (Office Facilities
Audit and Control), 5.50% due 4/01/2023 (e) 690
-------------------------------------------------------------------------------------------------------
1,340 New York State Dormitory Authority Revenue Bonds (853 Schools Program),
Issue 2, Series E, 5.75% due 7/01/2019 (a) 1,451
-------------------------------------------------------------------------------------------------------
1,200 New York State Dormitory Authority Revenue Bonds (Cooper Union of Advance
Science), 6.25% due 7/01/2029 (e) 1,313
-------------------------------------------------------------------------------------------------------
2,058 New York State Dormitory Authority Revenue Bonds (Gustavus Adolphus Child &
Family Services, Inc.), Series B, 5.50% due 7/01/2018 (a) 2,209
-------------------------------------------------------------------------------------------------------
6,750 New York State Dormitory Authority Revenue Bonds (Interfaith Medical Center),
Series D, 5.40% due 2/15/2028 (e) 7,086
-------------------------------------------------------------------------------------------------------
1,585 New York State Dormitory Authority Revenue Bonds (Long Island University),
Series B, 5.50% due 9/01/2020 (l) 1,689
-------------------------------------------------------------------------------------------------------
1,250 New York State Dormitory Authority Revenue Bonds (Long Island University),
Series B, 5.25% due 9/01/2028 (l) 1,301
-------------------------------------------------------------------------------------------------------
1,180 New York State Dormitory Authority Revenue Bonds (New York State Rehabilitation
Association), Series A, 5.25% due 7/01/2019 (j) 1,261
-------------------------------------------------------------------------------------------------------
1,000 New York State Dormitory Authority Revenue Bonds (New York State Rehabilitation
Association), Series A, 5.125% due 7/01/2023 (j) 1,042
-------------------------------------------------------------------------------------------------------
1,845 New York State Dormitory Authority Revenue Bonds (Pace University), 6%
due 7/01/2010 (e)(f) 2,057
-------------------------------------------------------------------------------------------------------
3,500 New York State Dormitory Authority Revenue Bonds (Pace University), 6%
due 7/01/2010 (e)(f) 3,902
-------------------------------------------------------------------------------------------------------
2,150 New York State Dormitory Authority Revenue Bonds (Saint Barnabas Hospital),
5.45% due 8/01/2035 (a)(c) 2,237
-------------------------------------------------------------------------------------------------------
1,240 New York State Dormitory Authority Revenue Bonds (School Districts Financing
Program), Series D, 5% due 10/01/2030 (e) 1,274
-------------------------------------------------------------------------------------------------------
6,900 New York State Dormitory Authority Revenue Bonds (School Districts Financing
Program), Series E, 5.75% due 10/01/2030 (e) 7,607
-------------------------------------------------------------------------------------------------------
1,135 New York State Dormitory Authority Revenue Bonds (Upstate Community Colleges),
Series A, 6% due 7/01/2010 (d)(f) 1,265
-------------------------------------------------------------------------------------------------------
190 New York State Dormitory Authority Revenue Bonds (Upstate Community Colleges),
Series A, 6% due 7/01/2010 (d)(f) 212
-------------------------------------------------------------------------------------------------------
270 New York State Dormitory Authority Revenue Bonds (Upstate Community Colleges),
Series A, 6% due 7/01/2010 (d)(f) 301
-------------------------------------------------------------------------------------------------------
3,700 New York State Dormitory Authority, Revenue Refunding Bonds (Bronx-Lebanon
Hospital Center), Series E, 5.20% due 2/15/2013 (e) 3,874
-------------------------------------------------------------------------------------------------------
1,865 New York State Dormitory Authority, Revenue Refunding Bonds (City University
System), Series 1, 5.25% due 7/01/2014 (b) 1,966
-------------------------------------------------------------------------------------------------------
3,400 New York State Dormitory Authority, Revenue Refunding Bonds (Saint Charles
Hospital and Rehabilitation Center), Series A, 5.625% due 7/01/2012 (e) 3,636
-------------------------------------------------------------------------------------------------------
1,370 New York State Dormitory Authority, Revenue Refunding Bonds (School District
Financing Program), Series I, 5.75% due 10/01/2018 (e) 1,524
-------------------------------------------------------------------------------------------------------
4,485 New York State Dormitory Authority, Revenue Refunding Bonds, Series B, 5.50%
due 2/15/2007 (e)(f)(i) 4,683
-------------------------------------------------------------------------------------------------------
8,300 New York State Dormitory Authority, State Personal Income Tax Revenue Bonds
(Education), Series F, 5% due 3/15/2035 8,517
-------------------------------------------------------------------------------------------------------
6,500 New York State Dormitory Authority, State University Educational Facilities,
Revenue Refunding Bonds (1989 Resources), 6% due 5/15/2012 (e) 7,188
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 1,550 New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental Health
Facilities), Series B, 5.25% due 2/15/2014 (f) $ 1,698
-------------------------------------------------------------------------------------------------------
285 New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental Health
Facilities), Series B, 5.25% due 2/15/2023 302
-------------------------------------------------------------------------------------------------------
1,060 New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental Health
Facilities), Series D, 5.875% due 8/15/2010 (d)(f) 1,169
-------------------------------------------------------------------------------------------------------
2,300 New York State Dormitory Authority, Supported Debt Revenue Bonds (State
University Dormitory Facilities), Series B, 4.375% due 7/01/2030 (e) 2,201
-------------------------------------------------------------------------------------------------------
1,000 New York State Dormitory Authority, Supported Debt Revenue Refunding Bonds
(Department of Health), Series A, 5% due 7/01/2025 (j) 1,039
-------------------------------------------------------------------------------------------------------
6,000 New York State Energy Research and Development Authority, Gas Facilities
Revenue Refunding Bonds (Brooklyn Union Gas Company/Keyspan), AMT, Series A,
4.70% due 2/01/2024 (b) 5,980
-------------------------------------------------------------------------------------------------------
6,000 New York State Energy Research and Development Authority, PCR, Refunding
(Central Hudson Gas and Electric), Series A, 5.45% due 8/01/2027 (a) 6,390
-------------------------------------------------------------------------------------------------------
6,000 New York State Environmental Facilities Corporation, Water Facilities Revenue
Bonds (Long Island Water Corp. Project), AMT, Series A, 4.90% due 10/01/2034 (e) 5,998
-------------------------------------------------------------------------------------------------------
4,400 New York State Environmental Facilities Corporation, Water Facilities Revenue
Refunding Bonds (Spring Valley Water Company), Series B, 6.15% due 8/01/2024 (a) 4,455
-------------------------------------------------------------------------------------------------------
2,000 New York State, HFA, Revenue Refunding Bonds (Fulton Manor), Series A, 6.10%
due 11/15/2025 (a)(c) 2,038
-------------------------------------------------------------------------------------------------------
1,560 New York State, HFA, Revenue Refunding Bonds (Housing Mortgage Project),
Series A, 6.10% due 11/01/2015 (d) 1,608
-------------------------------------------------------------------------------------------------------
750 New York State, HFA, State Personal Income Tax Revenue Bonds (Economic
Development and Housing), Series A, 5% due 9/15/2023 (e) 781
-------------------------------------------------------------------------------------------------------
6,800 New York State Medical Care Facilities Finance Agency, Revenue Bonds
(Montefiore Medical Center), Series A, 5.75% due 2/15/2025 (a)(c) 6,925
-------------------------------------------------------------------------------------------------------
2,805 New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, AMT,
Series 84, 5.90% due 4/01/2022 (e) 2,872
-------------------------------------------------------------------------------------------------------
2,140 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
AMT, Series 67, 5.70% due 10/01/2017 (e) 2,184
-------------------------------------------------------------------------------------------------------
13,285 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
AMT, Series 67, 5.80% due 10/01/2028 (e) 13,377
-------------------------------------------------------------------------------------------------------
1,000 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
Series 61, 5.80% due 10/01/2017 1,033
-------------------------------------------------------------------------------------------------------
2,100 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
Series 83, 5.55% due 10/01/2027 (e) 2,162
-------------------------------------------------------------------------------------------------------
3,500 New York State Mortgage Agency Revenue Bonds, AMT, Series 27, 5.80%
due 10/01/2020 3,598
-------------------------------------------------------------------------------------------------------
5,600 New York State Mortgage Agency Revenue Bonds, AMT, Series 27, 5.875%
due 4/01/2030 (e) 5,773
-------------------------------------------------------------------------------------------------------
1,265 New York State Mortgage Agency, Revenue Refunding Bonds, AMT, Series 82, 5.65%
due 4/01/2030 (e) 1,283
-------------------------------------------------------------------------------------------------------
2,000 New York State Municipal Bond Bank Agency, Special School Purpose Revenue
Bonds, Series C, 5.25% due 6/01/2019 2,122
-------------------------------------------------------------------------------------------------------
3,900 New York State Municipal Bond Bank Agency, Special School Purpose Revenue
Bonds, Series C, 5.25% due 6/01/2020 4,161
-------------------------------------------------------------------------------------------------------
5,000 New York State Thruway Authority, General Revenue Bonds, Series F, 5%
due 1/01/2030 (a) 5,173
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 2,000 New York State Thruway Authority, General Revenue Refunding Bonds, Series G,
4.75% due 1/01/2029 (d) $ 2,020
-------------------------------------------------------------------------------------------------------
6,000 New York State Thruway Authority, General Revenue Refunding Bonds, Series G,
4.75% due 1/01/2030 (d) 6,046
-------------------------------------------------------------------------------------------------------
5,000 New York State Thruway Authority, Highway and Bridge Trust Fund Revenue Bonds,
Series B-1, 5.75% due 4/01/2010 (b)(f) 5,498
-------------------------------------------------------------------------------------------------------
3,000 New York State Thruway Authority, Highway and Bridge Trust Fund Revenue Bonds,
Series B-1, 5.75% due 4/01/2010 (b)(f) 3,299
-------------------------------------------------------------------------------------------------------
3,095 New York State Thruway Authority, Local Highway and Bridge Service Contract,
Revenue Refunding Bonds, 6% due 4/01/2012 (e) 3,262
-------------------------------------------------------------------------------------------------------
3,045 New York State Thruway Authority, Second General Highway and Bridge Trust Fund
Revenue Bonds, Series A, 5.25% due 4/01/2013 (e)(f) 3,340
-------------------------------------------------------------------------------------------------------
3,000 New York State Urban Development Corporation, Personal Income Tax Revenue
Bonds, Series C-1, 5% due 3/15/2013 (e)(f) 3,242
-------------------------------------------------------------------------------------------------------
1,000 Niagara Falls, New York, City School District, COP, Refunding (High School
Facility), 5% due 6/15/2028 (d) 1,032
-------------------------------------------------------------------------------------------------------
1,700 Oneida County, New York, IDA, Civic Facilities Revenue Bonds (Mohawk Valley),
Series A, 5.20% due 2/01/2013 (d) 1,787
-------------------------------------------------------------------------------------------------------
1,800 Oneida-Herkimer, New York, Solid Waste Management Authority, Solid Waste
Revenue Refunding Bonds, 5.50% due 4/01/2013 (d) 1,972
-------------------------------------------------------------------------------------------------------
2,500 Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT,
One Hundred Thirty-Seventh Series, 5.125% due 7/15/2030 (d) 2,596
-------------------------------------------------------------------------------------------------------
6,000 Port Authority of New York and New Jersey, Revenue Refunding Bonds, DRIVERS,
AMT, Series 177, 8.61% due 10/15/2032 (e)(g) 6,610
-------------------------------------------------------------------------------------------------------
13,365 Port Authority of New York and New Jersey, Special Obligation Revenue Bonds,
DRIVERS, AMT, Series 278, 8.109% due 12/01/2022 (e)(g) 14,858
-------------------------------------------------------------------------------------------------------
3,000 Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 6.25% due 12/01/2011 (e) 3,328
-------------------------------------------------------------------------------------------------------
7,830 Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 6.25% due 12/01/2015 (e) 8,850
-------------------------------------------------------------------------------------------------------
7,000 Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 5.90% due 12/01/2017 (e) 7,421
-------------------------------------------------------------------------------------------------------
2,340 Rome, New York, City School District, GO, 5.50% due 6/15/2009 (d) 2,516
-------------------------------------------------------------------------------------------------------
5,000 Schenectady, New York, IDA, Civic Facility Revenue Bonds (Union College
Project), Series A, 5.45% due 12/01/2029 (a) 5,386
-------------------------------------------------------------------------------------------------------
3,000 Schenectady, New York, IDA, Civic Facility Revenue Refunding Bonds (Union
College Project), Series A, 5.625% due 7/01/2031 (a) 3,303
-------------------------------------------------------------------------------------------------------
4,355 Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25%
due 6/01/2027 4,457
-------------------------------------------------------------------------------------------------------
4,660 Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding
Bonds (Ogden Martin System Huntington Project), AMT, 6% due 10/01/2010 (a) 5,112
-------------------------------------------------------------------------------------------------------
5,000 Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding
Bonds (Ogden Martin System Huntington Project), AMT, 6.15% due 10/01/2011 (a) 5,587
-------------------------------------------------------------------------------------------------------
3,530 Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding
Bonds (Ogden Martin System Huntington Project), AMT, 6.25% due 10/01/2012 (a) 3,998
-------------------------------------------------------------------------------------------------------
2,250 Suffolk County, New York, Public Improvement, GO, Series B, 4.50%
due 11/01/2024 (e) 2,230
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 5,000 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series A-1,
5.25% due 6/01/2020 (a) $ 5,348
-------------------------------------------------------------------------------------------------------
20,275 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series A-1,
5.25% due 6/01/2021 (a) 21,633
-------------------------------------------------------------------------------------------------------
2,000 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series A-1,
5.25% due 6/01/2022 (a) 2,127
-------------------------------------------------------------------------------------------------------
3,700 Tobacco Settlement Financing Corporation of New York Revenue Bonds, Series C-1,
5.50% due 6/01/2021 4,004
-------------------------------------------------------------------------------------------------------
12,000 Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
5.25% due 11/15/2023 (e) 12,899
-------------------------------------------------------------------------------------------------------
8,315 Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
5% due 11/15/2032 (e) 8,526
-------------------------------------------------------------------------------------------------------
2,095 Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
Series A, 5% due 1/01/2012 (e)(f) 2,250
-------------------------------------------------------------------------------------------------------
355 Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
Series A, 5% due 1/01/2032 (e) 363
-------------------------------------------------------------------------------------------------------
1,500 Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
Series B, 5% due 11/15/2032 (e) 1,538
-------------------------------------------------------------------------------------------------------
2,465 Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds,
5% due 11/15/2028 (a) 2,552
-------------------------------------------------------------------------------------------------------
6,000 Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds,
Series A, 5.25% due 11/15/2030 (e) 6,352
-------------------------------------------------------------------------------------------------------
7,000 Westchester County, New York, IDA, Civic Facility Revenue Bonds (Purchase
College Foundation Housing Project), Series A, 5.75% due 12/01/2031 (a) 7,798
-------------------------------------------------------------------------------------------------------
1,795 Yonkers, New York, GO, Series A, 5.75% due 10/01/2010 (b) 1,989
----------------------------------------------------------------------------------------------------------------------------
Guam - 1.1% 3,700 A.B. Won Guam International Airport Authority, General Revenue Refunding Bonds,
AMT, Series C, 5.25% due 10/01/2021 (e) 3,885
-------------------------------------------------------------------------------------------------------
1,050 A.B. Won Guam International Airport Authority, General Revenue Refunding Bonds,
AMT, Series C, 5.25% due 10/01/2022 (e) 1,102
----------------------------------------------------------------------------------------------------------------------------
Puerto Rico - 18.1% 4,800 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Bonds, 5.25% due 7/01/2017 (b) 5,205
-------------------------------------------------------------------------------------------------------
1,250 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Bonds, Trust Receipts, Class R, Series B, 8.358% due 7/01/2035 (e)(g) 1,528
-------------------------------------------------------------------------------------------------------
10,000 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Refunding Bonds, Series D, 5.75% due 7/01/2012 (f) 11,188
-------------------------------------------------------------------------------------------------------
9,200 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Refunding Bonds, Series K, 5% due 7/01/2035 9,101
-------------------------------------------------------------------------------------------------------
3,750 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Refunding Bonds, Series L, 5.25% due 7/01/2041 (j) 4,135
-------------------------------------------------------------------------------------------------------
11,780 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and
Capital Appreciation Revenue Bonds, Series A, 4.62%* due 7/01/2031 (b) 3,369
-------------------------------------------------------------------------------------------------------
5,500 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and
Capital Appreciation Revenue Bonds, Series A, 4.66%* due 7/01/2033 (b) 1,422
-------------------------------------------------------------------------------------------------------
9,300 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and
Capital Appreciation Revenue Bonds, Series A, 4.66%* due 7/01/2034 (a) 2,277
-------------------------------------------------------------------------------------------------------
6,700 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and
Capital Appreciation Revenue Bonds, Series A, 4.67%* due 7/01/2037 (a) 1,399
-------------------------------------------------------------------------------------------------------
10,000 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
Revenue Bonds, Series B, 5% due 7/01/2041 9,809
-------------------------------------------------------------------------------------------------------
4,750 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
Revenue Bonds, Series B, 5% due 7/01/2041 (j) 4,866
-------------------------------------------------------------------------------------------------------
7,475 Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5.25% due 7/01/2020 7,812
-------------------------------------------------------------------------------------------------------
4,750 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series NN, 5.125%
due 7/01/2029 4,880
-------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of November 30, 2005 (in Thousands)
Face
Amount Municipal Bonds Value
----------------------------------------------------------------------------------------------------------------------------
$ 4,850 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series RR, 5%
due 7/01/2029 (j) $ 5,041
-------------------------------------------------------------------------------------------------------
4,950 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series RR, 5%
due 7/01/2030 (k) 5,133
-------------------------------------------------------------------------------------------------------
5,600 Puerto Rico Public Finance Corporation Revenue Bonds, DRIVERS, Series 272,
8.013% due 8/01/2030 (g) 5,920
----------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds (Cost - $746,889) - 167.8% 769,429
----------------------------------------------------------------------------------------------------------------------------
Shares
Held Short-Term Securities
----------------------------------------------------------------------------------------------------------------------------
45 CMA New York Municipal Money Fund (m) 45
----------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $45) - 0.0% 45
----------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $746,934**) - 167.8% 769,474
Other Assets Less Liabilities - 0.5% 2,186
Preferred Stock, at Redemption Value - (68.3%) (313,048)
----------
Net Assets Applicable to Common Stock - 100.0% $ 458,612
==========
* Represents a zero coupon bond; the interest rate shown reflects the
effective yield at the time of purchase.
** The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2005, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 746,953
=========
Gross unrealized appreciation $ 26,022
Gross unrealized depreciation (3,501)
---------
Net unrealized appreciation $ 22,521
=========
(a) AMBAC Insured.
(b) FGIC Insured.
(c) FHA Insured.
(d) FSA Insured.
(e) MBIA Insured.
(f) Prerefunded.
(g) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(h) Security may have a maturity of more than one year at time of issuance,
but has variable rate and demand features that qualify it as a short-term
security. The rate disclosed is that currently in effect. This rate
changes periodically based upon prevailing market rates.
(i) Escrowed to maturity.
(j) CIFG Insured.
(k) XL Capital Insured.
(l) Radian Insured.
(m) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
-----------------------------------------------------------------
Net Dividend
Affiliate Activity Income
-----------------------------------------------------------------
CMA New York Municipal Money Fund 2 $2
-----------------------------------------------------------------
Item 2 - Controls and Procedures
2(a) - The registrant'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. The
registrant's certifying officers have determined that the registrant'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.
2(b) - There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
MuniHoldings New York Insured Fund, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniHoldings New York Insured Fund, Inc.
Date: January 25, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniHoldings New York Insured Fund, Inc.
Date: January 25, 2006
By: /s/ Donald C. Burke
-----------------------
Donald C. Burke
Chief Financial Officer
MuniHoldings New York Insured Fund, Inc.
Date: January 25, 2006