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Exhibit 4.1
Standard & Poor's
A Division of the McGraw-Hill
Companies
Capital Market Services Frank A. Ciccotto, Jr.
55 Water Street, 45th Floor Senior Vice President &
New York, New York 10041 General Manager
Tel. 212 438 4417
Fax 212 438 7747
Frank [email protected]
December 20, 2000
Salomon Smith Barney Inc.
7 World Trade Center, 40th Fl.
New York, N.Y. 10048
The Chase Manhattan Bank
4 New York Plaza
New York, N.Y. 10004
Re: Tax-Exempt Securities Trust
National Trust 251
Gentlemen:
We have examined Registration Statement File Nos. 333-51824 for the above-
mentioned trusts. We hereby acknowledge that Kenny S&P Evaluation Services, a
division of J.J. Kenny Co., Inc. is currently acting as the evaluator for the
trust. We hereby consent to the use in the Registration Statement of the
reference to Kenny S&P Evaluation Services, a division of J.J. Kenny Co., Inc.
as evaluator.
In addition, we hereby confirm that the ratings indicated in the
Registration Statement for the respective bonds comprising the Trust portfolio
are the ratings indicated in our KENNYBASE database as of the date of the
evaluation report.
You are hereby authorized to file a copy of this letter with the Securities
and Exchange Commission.
Sincerely,
/s/ Frank A. Ciccotto
Frank A. Ciccotto
Vice President
FAC/gmh
