MUNICIPAL BOND TRUST SERIES 232
485BPOS, EX-99.C3, 2000-07-19
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  INDEPENDENT AUDITORS' CONSENT
  We consent to the reference to our firm under the caption
  "Independent Auditors" and to the use of our report dated
  July 14, 2000, in the Registration Statement and related
  Prospectus of The Municipal Bond Trust, Series 232.
  /s/ ERNST & YOUNG LLP
  New York, New York
  July 18, 2000


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