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Exhibit 23
Letterhead of Kenny S&P Evaluation Services
(a division of J.J. Kenny Co., Inc.)
July 28, 2000
Prudential Securities Incorporated
1 New York Plaza
New York, NY 10292
Re: National Municipal Trust
Post-Effective Amendment No. 15
Second Put Series
(14 Day Repurchase-Collateral Backed)
Gentlemen:
We have examined the post-effective Amendment to the Registration Statement
File No. 2-89666 for the above-captioned trust. 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 references 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 currently 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,
Frank A. Ciccotto
Frank A. Ciccotto
Vice President
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Exhibit 23
Letterhead of Standard & Poor's Rating Services
(a division of The McGraw-Hill Companies, Inc.)
July 28, 2000
Prudential Securities Incorporated
Unit Investment Trust Department
1 New York Plaza
New York, NY 10292-2014
Re: National Municipal Trust, Second Put Series
(14 Day Repurchase -- Collateral Backed)
It is our understanding that you are filing with the Securities and
Exchange Commission a 15th Post Effective Amendment to the above captioned
trust, SEC file number 2-89666.
Because the rating is a direct reflection of the obligation to repurchase
the portfolio of the trust, which obligation is secured by collateral from
Anchor Savings Bank FSB, we reaffirm the assignment of an 'AAA' rating to the
units of the trust.
Please note that a condition for maintaining the rating is your monthly
submission of collateral reports listing securities by type, face amount, market
value, allowed value and collateral value. In addition, please send all reports
submitted to the trustee with regard to the trust and all publicly distributed
financial information. You should also submit the accountant's reports required
by the documentation which verify that the required level of
overcollateralization is being maintained. Any information regarding material
changes or significant ongoing analysis should also be provided. Finally,
Standard & Poor's reserves the right to request further information, if
necessary, in order to review the rating. Please send all reports to: Standard &
Poor's Ratings Services, Managed Funds Ratings, 25 Broadway, 13th floor, New
York, NY 10004. The absence of this information may result in the withdrawal of
our rating.
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You have permission to use the name of Standard & Poor's Ratings Services,
a division of The McGraw-Hill Companies, Inc. and the above-assigned ratings in
connection with your dissemination of information relating to these units,
provided that it is understood that the ratings are not "market" ratings nor
recommendations to buy, hold, or sell the units of the trust or the securities
in the trust. Further, it should be understood that the rating on the units does
not take into account the extent to which fund expenses or portfolio asset sales
for less than the fund's purchase price will reduce payment to the unit holders
of the interest and principal required to be paid on the portfolio assets.
Standard & Poor's reserves the right to advise its own clients, subscribers, and
the public of the ratings. Standard & Poor's relies on the sponsor and its
counsel, accountants, and other experts for the accuracy and completeness of the
information submitted in connection with the ratings. Standard & Poor's does not
independently verify the truth or accuracy of any such information.
This letter evidences our consent to the use of the name of Standard &
Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. in
connection with the rating assigned to the units in the amendment referred to
above. However, this letter should not be construed as a consent by us, within
the meaning of Section 7 of the Securities Act of 1933, to the use of the name
of Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies,
Inc. in connection with the ratings assigned to the securities contained in the
trust. You are hereby authorized to file a copy of this letter with the
Securities and Exchange Commission.
Please be certain to send a copy of your final prospectus as soon as it
becomes available. Should we not receive it within a reasonable time after the
closing or should it not conform to the representations made to us, we reserve
the right to withdraw the rating.
We are pleased to have had the opportunity to be of service to you. If we
can be of further help, please do not hesitate to call upon us.
Sincerely,
Gary R. Arne
Gary R. Arne
Managing Director
