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: 03/01/06 - 05/31/06
Item 1 - Schedule of Investments
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York - 148.2% Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT (g):
$ 1,500 5.375% due 12/15/2017 $ 1,552
1,500 5.50% due 12/15/2019 1,558
5,200 6% due 12/15/2023 (d) 5,453
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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 (k) 3,690
--------------------------------------------------------------------------------------------------------------
1,000 Albany, New York, Municipal Water Finance Authority, Water and Sewer System Revenue
Refunding Bonds, Series A, 6.375% due 12/01/2009 (e)(j) 1,097
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2,000 Buffalo, New York, GO, Series D, 6% due 12/01/2009 (g)(j) 2,170
--------------------------------------------------------------------------------------------------------------
1,025 Erie County, New York, GO, Public Improvement, Series A, 5.75% due 10/01/2013 (e) 1,096
--------------------------------------------------------------------------------------------------------------
Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo Project)
(g):
2,500 5.75% due 5/01/2019 2,739
5,150 5.75% due 5/01/2024 5,492
--------------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Bonds, Series A (a):
3,000 5% due 9/01/2029 3,097
5,950 5% due 9/01/2034 6,121
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3,000 Long Island Power Authority, New York, Electric System Revenue Refunding Bonds,
Series B, 5% due 12/01/2035 3,071
--------------------------------------------------------------------------------------------------------------
3,750 Madison County, New York, IDA, Civic Facility Revenue Bonds (Colgate University
Project), Series A, 5% due 7/01/2035 (a) 3,874
--------------------------------------------------------------------------------------------------------------
5,000 Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue Bonds,
Series A, 5% due 11/15/2011 (e)(j) 5,310
--------------------------------------------------------------------------------------------------------------
3,075 Metropolitan Transportation Authority, New York, Revenue Bonds, Series A, 5%
due 11/15/2033 (a) 3,176
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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 below.
AMT Alternative Minimum Tax (subject to)
COP Certificates of Participation
DRIVERS Derivative Inverse Tax-Exempt Receipts
GO General Obligation Bonds
IDA Industrial Development Authority
IDR Industrial Development Revenue Bonds
M/F Multi-Family
PCR Pollution Control Revenue Bonds
RIB Residual Interest Bonds
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds:
$ 3,000 RIB, Series 724X, 7.79% due 11/15/2032 (g)(n) $ 3,551
10,000 Series A, 5% due 11/15/2030 (g) 10,243
2,500 Series A, 5.25% due 11/15/2031 (e) 2,634
29,000 Series A, 5.75% due 11/15/2032 (g) 31,662
1,500 Series B, 5% due 11/15/2028 (i) 1,546
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Metropolitan Transportation Authority, New York, Service Contract Revenue Refunding
Bonds, Series A (e):
3,500 5% due 7/01/2021 3,632
2,000 5% due 7/01/2025 2,067
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Metropolitan Transportation Authority, New York, Transit Facilities Revenue Bonds
(j):
2,535 Series C, 4.75% due 7/01/2012 (g) 2,665
1,000 Series C-1, 5.50% due 7/01/2008 (i) 1,042
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Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
Series A:
1,500 5% due 11/15/2026 (g) 1,551
2,500 5% due 11/15/2032 (e) 2,567
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6,300 Metropolitan Transportation Authority, New York, Transportation Revenue Refunding
Bonds, Series F, 5.25% due 11/15/2027 (i) 6,657
--------------------------------------------------------------------------------------------------------------
1,160 Montgomery County, New York, IDA, Lease Revenue Bonds (Hamilton Fulton Montgomery
Board of Cooperative Educational Services Project), Series A, 5% due 7/01/2034 (m) 1,187
--------------------------------------------------------------------------------------------------------------
4,210 Nassau Health Care Corporation, New York, Health System Revenue Bonds, 5.75%
due 8/01/2009 (g)(j) 4,547
--------------------------------------------------------------------------------------------------------------
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 (i) 2,087
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New York City, New York, City Housing Development Corporation, M/F Housing Revenue
Bonds:
2,340 AMT, Series H-2, 5.125% due 11/01/2034 2,341
3,500 Series F-1, 4.65% due 11/01/2025 3,495
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885 New York City, New York, City IDA, Civic Facility Revenue Bonds (Anti-Defamation
League Foundation), Series A, 5.50% due 6/01/2022 (i) 917
--------------------------------------------------------------------------------------------------------------
1,200 New York City, New York, City IDA, Civic Facility Revenue Refunding Bonds
(Nightingale-Bamford School), 5.25% due 1/15/2017 (a) 1,281
--------------------------------------------------------------------------------------------------------------
12,700 New York City, New York, City IDA, IDR (Japan Airlines Company), AMT, 6%
due 11/01/2015 (g) 12,936
--------------------------------------------------------------------------------------------------------------
7,965 New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal
Charter-New York Presbyterian), 5.75% due 12/15/2029 (g) 8,772
--------------------------------------------------------------------------------------------------------------
1,500 New York City, New York, City IDA, Special Facility Revenue Refunding Bonds
(Terminal One Group Association Project), AMT, 5.50% due 1/01/2024 1,585
--------------------------------------------------------------------------------------------------------------
6,720 New York City, New York, City Municipal Financing Authority, Water and Sewer Systems
Revenue Bonds, 5% due 6/15/2036 (i) 6,945
--------------------------------------------------------------------------------------------------------------
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 (g) 511
--------------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and Sewer
System Revenue Bonds:
$11,500 RIB, Series 726X, 7.79% due 6/15/2027 (i)(n) $ 13,519
2,850 Series A, 5.75% due 6/15/2009 (e)(j) 3,046
11,000 Series B, 5.75% due 6/15/2007 (i)(j) 11,347
--------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and Sewer
System, Revenue Refunding Bonds:
1,250 Series A, 5.125% due 6/15/2034 (i) 1,291
5,500 Series A, 5% due 6/15/2035 (a) 5,638
2,400 Series B, 5% due 6/15/2036 (g) 2,471
1,750 Series C, 5% due 6/15/2035 (i) 1,799
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New York City, New York, City Transitional Finance Authority, Future Tax Secured
Revenue Bonds:
1,145 Series B, 5.50% due 2/01/2012 (i) 1,233
805 Series B, 5.50% due 2/01/2013 (i) 868
6,405 Series B, 6.25% due 11/15/2018 (e) 7,062
1,180 Series C, 5.50% due 5/01/2009 (j) 1,250
16,200 Series C, 5% due 2/01/2033 (e) 16,645
2,500 Series E, 5.25% due 2/01/2022 (i) 2,650
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1,000 New York City, New York, City Transitional Finance Authority, Revenue Refunding
Bonds, Series A, 5% due 11/15/2026 (e) 1,036
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New York City, New York, GO:
4,750 RIB, Series 725X, 7.79% due 3/15/2027 (g)(n) 5,557
4,500 Series B, 5.75% due 8/01/2013 (i) 4,866
3,750 Series D, 5.25% due 10/15/2023 3,944
2,500 Series D, 5% due 11/01/2034 2,543
1,850 Series I, 6.25% due 4/15/2007 (i)(j) 1,910
8,000 Series J, 5% due 5/15/2023 8,222
8,300 Series M, 5% due 4/01/2035 8,448
1,150 Sub-Series C-1, 5.25% due 8/15/2026 1,210
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New York City, New York, GO, Refunding, Series A:
880 6.375% due 5/15/2010 (e)(j) 974
3,700 6.25% due 5/15/2026 (g) 4,050
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2,225 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 (m) 2,165
--------------------------------------------------------------------------------------------------------------
New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds (a):
1,250 DRIVERS, Series 1133Z, 6.712% due 10/15/2012 (n) 1,412
18,850 Series A, 5% due 10/15/2032 19,527
1,645 Series A, 4.50% due 10/15/2033 1,604
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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 (i) 4,082
--------------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York Convention Center Development Corporation, New York, Revenue Bonds (a):
$10,500 DRIVERS, Series 1247Z, 6.212% due 11/15/2013 (n) $ 11,138
14,480 (Hotel Unit Fee Secured), 5% due 11/15/2035 14,920
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New York State Dormitory Authority, Hospital Revenue Refunding Bonds:
1,000 (New York Presbyterian Hospital), 5.50% due 8/01/2011 (a)(f) 1,073
2,000 (North General Hospital), 5.75% due 2/15/2017 (m) 2,199
--------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Lease Revenue Bonds:
1,535 (Municipal Health Facilities Improvement Program), Series 1, 5.50%
due 1/15/2014 (g) 1,646
645 (Office Facilities Audit and Control), 5.50% due 4/01/2023 (i) 679
--------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds:
1,340 (853 Schools Program), Issue 2, Series E, 5.75% due 7/01/2019 (a) 1,429
1,200 (Cooper Union of Advance Science), 6.25% due 7/01/2029 (i) 1,296
2,058 (Gustavus Adolphus Child & Family Services, Inc.), Series B, 5.50%
due 7/01/2018 (a) 2,178
6,750 (Interfaith Medical Center), Series D, 5.40% due 2/15/2028 (i) 7,005
1,585 (Long Island University), Series B, 5.50% due 9/01/2020 (k) 1,686
1,250 (Long Island University), Series B, 5.25% due 9/01/2028 (k) 1,301
1,180 (New York State Rehabilitation Association), Series A, 5.25% due 7/01/2019 (c) 1,251
1,000 (New York State Rehabilitation Association), Series A, 5.125% due 7/01/2023 (c) 1,036
5,345 (Pace University), 6% due 7/01/2010 (i)(j) 5,853
2,150 (Saint Barnabas Hospital), 5.45% due 8/01/2035 (a)(f) 2,211
1,240 (School Districts Financing Program), Series D, 5% due 10/01/2030 (i) 1,271
6,900 (School Districts Financing Program), Series E, 5.75% due 10/01/2030 (i) 7,524
1,405 (Upstate Community Colleges), Series A, 6% due 7/01/2010 (g)(j) 1,539
--------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Revenue Refunding Bonds:
3,700 (Bronx-Lebanon Hospital Center), Series E, 5.20% due 2/15/2013 (i) 3,826
1,865 (City University System), Series 1, 5.25% due 7/01/2014 (e) 1,941
3,400 (Saint Charles Hospital and Rehabilitation Center), Series A, 5.625%
due 7/01/2012 (i) 3,594
1,370 (School District Financing Program), Series I, 5.75% due 10/01/2018 (i) 1,509
4,485 Series B, 5.50% due 8/15/2017 (i) 4,625
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6,250 New York State Dormitory Authority, State University Educational Facilities,
Revenue Refunding Bonds (1989 Resources), 6% due 5/15/2012 (i) 6,814
--------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental
Health Facilities):
1,550 Series B, 5.25% due 2/15/2014 (j) 1,675
285 Series B, 5.25% due 2/15/2023 301
1,060 Series D, 5.875% due 8/15/2010 (g)(j) 1,149
--------------------------------------------------------------------------------------------------------------
1,000 New York State Dormitory Authority, Supported Debt Revenue Refunding Bonds
(Department of Health), Series A, 5% due 7/01/2025 (c) 1,034
--------------------------------------------------------------------------------------------------------------
12,960 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 (e) 12,850
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MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 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) $ 6,319
--------------------------------------------------------------------------------------------------------------
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 (i) 5,945
--------------------------------------------------------------------------------------------------------------
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) 4,419
--------------------------------------------------------------------------------------------------------------
1,000 New York State, GO, Series A, 4% due 3/15/2022 (e) 947
--------------------------------------------------------------------------------------------------------------
750 New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds
(Economic Development and Housing), Series A, 5% due 9/15/2023 (i) 779
--------------------------------------------------------------------------------------------------------------
6,800 New York State Medical Care Facilities Finance Agency, Revenue Bonds (Montefiore
Medical Center), Series A, 5.75% due 2/15/2025 (a)(f) 6,835
--------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, AMT:
2,805 Series 84, 5.90% due 4/01/2022 (i) 2,894
1,750 Series 130, 4.80% due 10/01/2037 1,719
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New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds (i):
2,140 AMT, Series 67, 5.70% due 10/01/2017 2,194
13,285 AMT, Series 67, 5.80% due 10/01/2028 13,589
2,100 Series 83, 5.55% due 10/01/2027 2,153
--------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency Revenue Bonds, AMT, Series 27:
3,500 5.80% due 10/01/2020 3,617
655 5.875% due 4/01/2030 (i) 672
--------------------------------------------------------------------------------------------------------------
1,180 New York State Mortgage Agency, Revenue Refunding Bonds, AMT, Series 82, 5.65%
due 4/01/2030 (i) 1,186
--------------------------------------------------------------------------------------------------------------
New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds,
Series C:
2,000 5.25% due 6/01/2019 2,109
3,900 5.25% due 6/01/2020 4,106
--------------------------------------------------------------------------------------------------------------
5,000 New York State Thruway Authority, General Revenue Bonds, Series F, 5%
due 1/01/2030 (a) 5,162
--------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, General Revenue Refunding Bonds, Series G (g):
2,000 4.75% due 1/01/2029 2,015
9,250 4.75% due 1/01/2030 9,304
2,500 5% due 1/01/2030 2,592
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8,000 New York State Thruway Authority, Highway and Bridge Trust Fund Revenue Bonds,
Series B-1, 5.75% due 4/01/2010 (e)(j) 8,656
--------------------------------------------------------------------------------------------------------------
3,045 New York State Thruway Authority, Second General Highway and Bridge Trust Fund
Revenue Bonds, Series A, 5.25% due 4/01/2013 (i)(j) 3,299
--------------------------------------------------------------------------------------------------------------
New York State Urban Development Corporation, Personal Income Tax Revenue Bonds:
3,000 Series C-1, 5% due 3/15/2013 (i)(j) 3,205
2,000 (State Facilities), Series A-1, 5% due 3/15/2029 (e) 2,061
--------------------------------------------------------------------------------------------------------------
1,000 Niagara Falls, New York, City School District, COP, Refunding (High School
Facility), 5% due 6/15/2028 (g) 1,028
--------------------------------------------------------------------------------------------------------------
1,700 Oneida County, New York, IDA, Civic Facilities Revenue Bonds (Mohawk Valley),
Series A, 5.20% due 2/01/2013 (g) 1,765
--------------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
$ 1,800 Oneida-Herkimer, New York, Solid Waste Management Authority, Solid Waste Revenue
Refunding Bonds, 5.50% due 4/01/2013 (g) $ 1,947
--------------------------------------------------------------------------------------------------------------
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 (g) 2,574
--------------------------------------------------------------------------------------------------------------
12,000 Port Authority of New York and New Jersey Revenue Refunding Bonds, AMT, 120th
Series, 6% due 10/15/2032 (i) 12,447
--------------------------------------------------------------------------------------------------------------
13,365 Port Authority of New York and New Jersey, Special Obligation Revenue Bonds,
DRIVERS, AMT, Series 278, 7.675% due 12/01/2022 (i)(n) 14,563
--------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds (JFK
International Air Terminal LLC), AMT, Series 6 (i):
3,000 6.25% due 12/01/2011 3,304
7,830 6.25% due 12/01/2015 8,914
7,000 5.90% due 12/01/2017 7,334
--------------------------------------------------------------------------------------------------------------
2,340 Rome, New York, City School District, GO, 5.50% due 6/15/2009 (g)(j) 2,484
--------------------------------------------------------------------------------------------------------------
5,000 Schenectady, New York, IDA, Civic Facility Revenue Bonds (Union College Project),
Series A, 5.45% due 12/01/2029 (a) 5,331
--------------------------------------------------------------------------------------------------------------
3,000 Schenectady, New York, IDA, Civic Facility Revenue Refunding Bonds (Union College
Project), Series A, 5.625% due 7/01/2031 (a) 3,259
--------------------------------------------------------------------------------------------------------------
4,355 Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT, 5.25%
due 6/01/2027 4,454
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Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding
Bonds (Ogden Martin System Huntington Project), AMT (a):
4,660 6% due 10/01/2010 5,044
5,000 6.15% due 10/01/2011 5,516
3,530 6.25% due 10/01/2012 3,958
--------------------------------------------------------------------------------------------------------------
1,800 Suffolk County, New York, Public Improvement, GO, Series B, 4.50% due 11/01/2024 (i) 1,787
--------------------------------------------------------------------------------------------------------------
Tobacco Settlement Financing Corporation of New York Revenue Bonds:
5,000 Series A-1, 5.25% due 6/01/2020 (a) 5,294
20,275 Series A-1, 5.25% due 6/01/2021 (a) 21,441
2,000 Series A-1, 5.25% due 6/01/2022 (a) 2,113
3,700 Series C-1, 5.50% due 6/01/2021 3,971
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Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds (i):
12,000 5.25% due 11/15/2023 12,741
8,315 5% due 11/15/2032 8,517
2,095 Series A, 5% due 1/01/2012 (j) 2,225
1,500 Series B, 5% due 11/15/2032 1,537
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Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds:
2,465 5% due 11/15/2028 (a) 2,541
6,000 Series A, 5.25% due 11/15/2030 (i) 6,317
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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) 7,707
--------------------------------------------------------------------------------------------------------------
1,795 Yonkers, New York, GO, Series A, 5.75% due 10/01/2010 (e)(j) 1,956
--------------------------------------------------------------------------------------------------------------
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Guam - 1.1% A.B. Won Guam International Airport Authority, General Revenue Refunding Bonds, AMT,
Series C (i):
$ 3,700 5.25% due 10/01/2021 $ 3,849
1,050 5.25% due 10/01/2022 1,092
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico - 13.7% Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Bonds:
4,800 5.25% due 7/01/2017 (e) 5,148
1,250 Trust Receipts, Class R, Series B, 7.987% due 7/01/2035 (i)(n) 1,476
--------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Transportation
Revenue Refunding Bonds:
10,000 Series D, 5.75% due 7/01/2012 (j) 11,021
2,000 Series K, 5% due 7/01/2035 (b) 2,057
3,750 Series L, 5.25% due 7/01/2041 (c) 4,069
--------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and Capital
Appreciation Revenue Bonds, Series A (l):
10,280 4.62% due 7/01/2031 (e) 3,081
5,500 4.66% due 7/01/2033 (e) 1,497
9,300 4.66% due 7/01/2034 (a) 2,400
2,200 4.67% due 7/01/2037 (a) 486
--------------------------------------------------------------------------------------------------------------
4,500 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax Revenue
Bonds, Series B, 5% due 7/01/2041 (c) 4,598
--------------------------------------------------------------------------------------------------------------
Puerto Rico Convention Center District Authority, Hotel Occupancy Tax Revenue
Bonds, Series A:
3,570 5% due 7/01/2031 (a) 3,704
820 4.50% due 7/01/2036 (c) 803
--------------------------------------------------------------------------------------------------------------
Puerto Rico Electric Power Authority, Power Revenue Bonds:
4,750 Series NN, 5.125% due 7/01/2029 4,827
4,850 Series RR, 5% due 7/01/2029 (c) 5,011
4,950 Series RR, 5% due 7/01/2030 (m) 5,114
6,360 Series RR, 5% due 7/01/2035 (e) 6,571
--------------------------------------------------------------------------------------------------------------
Total Municipal Bonds (Cost - $719,493) - 163.0% 737,489
--------------------------------------------------------------------------------------------------------------
Shares
Held Short-Term Securities
--------------------------------------------------------------------------------------------------------------
5,956 CMA New York Municipal Money Fund, 2.88% (h)(o) 5,956
--------------------------------------------------------------------------------------------------------------
Total Short-Term Securities (Cost - $5,956) - 1.3% 5,956
--------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $725,449*) - 164.3% 743,445
Other Assets Less Liabilities - 4.9% 22,042
Preferred Stock, at Redemption Value - (69.2%) (313,113)
-----------
Net Assets Applicable to Common Stock - 100.0% $ 452,374
===========
MuniHoldings New York Insured Fund, Inc.
Schedule of Investments as of May 31, 2006 (in Thousands)
* The cost and unrealized appreciation (depreciation) of investments as of
May 31, 2006, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 725,468
===========
Gross unrealized appreciation $ 20,558
Gross unrealized depreciation (2,581)
-----------
Net unrealized appreciation $ 17,977
===========
(a) AMBAC Insured.
(b) Assured Guaranty Insured.
(c) CIFG Insured.
(d) All or a portion of security held as collateral in connection with open
financial futures contracts.
(e) FGIC Insured.
(f) FHA Insured.
(g) FSA Insured.
(h) 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 5,913 $ 24
--------------------------------------------------------------------------
(i) MBIA Insured.
(j) Prerefunded.
(k) Radian Insured.
(l) Represents a zero coupon bond; the interest rate shown reflects the
effective yield at the time of purchase.
(m) XL Capital Insured.
(n) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(o) Represents the current yield as of 5/31/2006.
o Financial futures contracts sold as of May 31, 2006 were as follows:
--------------------------------------------------------------------------
Number of Expiration Face Unrealized
Contracts Issue Date Value Depreciation
--------------------------------------------------------------------------
220 30-Year U.S. Treasury Bond June 2006 $23,285 $ (124)
--------------------------------------------------------------------------
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: July 21, 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: July 21, 2006
By: /s/ Donald C. Burke
-----------------------------
Donald C. Burke
Chief Financial Officer
MuniHoldings New York Insured Fund, Inc.
Date: July 21, 2006