MUNICIPAL BOND TRUST SERIES 231
485BPOS, EX-99.C3, 2000-11-08
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  CONSENT OF INDEPENDENT AUDITORS
  We consent to the reference to our firm under the caption
  "Independent Auditors" and to the use of our report dated
  October 27, 2000, in the Registration Statement and related
  Prospectus of The Municipal Bond Trust, Series 231.
  /s/ ERNST & YOUNG LLP
  New York, New York
  November 7, 2000


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