MERRILL LYNCH PIERCE FENNER & SMITH INC
S-1/A, EX-24.2, 2000-09-07
ASSET-BACKED SECURITIES
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                                                                    EXHIBIT 24.2

                               POWER OF ATTORNEY

      KNOW ALL MEN BY THESE PRESENTS that the person whose signature appears
below constitutes and appoints Joseph Moglia and Stephen G. Bodurtha and each
of them, with full power to act without the other, his true and lawful
attorneys-in-fact and agents with full and several power of substitution, for
him and in his name, place and stead, in any and all capacities, to sign any
and all amendments, including post-effective amendments, and supplements to
this Registration Statement (333-43766) and to file the same, with all exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents full power
and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully and to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorneys-in-fact and agents, or their substitute or substitutes, may
lawfully do or cause to be done by virtue hereof.

<TABLE>
<CAPTION>
                        Signature                              Title
                        ---------                              -----
       <S>                                            <C>
                   /s/ Dominic Carone                 First Vice President and
       ___________________________________________     Controller
                     Dominic Carone
</TABLE>


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