MUNIHOLDINGS FLORIDA INSURED FUND V
497, 1999-08-03
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         SUPPLEMENT TO PRELIMINARY STATEMENT OF ADDITIONAL INFORMATION
                              DATED JULY 28, 1999

                      MUNIHOLDINGS FLORIDA INSURED FUND V

     The cover page of the Preliminary Statement of Additional Information,
dated July 28, 1999, incorrectly indicates the name of the Fund as MuniHoldings
Florida Insured Fund IV rather then MuniHoldings Florida Insured Fund V.


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