Standard & Poor's
A division of The McGraw-Hill Companies
October 27, 2000
ING Funds Distributors, Inc.
230 Park Avenue
New York, NY 10169
Re: Municipal Securities Trust,
Multi-State Series 38
---------------------------
Gentlemen:
We have examined the post-effective Amendment to the Registration
Statement File No. 33-29989 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 Amendment 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
above-referenced Amendment to the Registration Statement for the respective
bonds comprising the trust portfolio are the ratings indicated in our KENNYBASE
database.
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
FAC/trh
<PAGE>
Standard & Poor's
A division of The McGraw-Hill Companies
October 27, 2000
ING Funds Distributors, Inc.
230 Park Avenue
New York, NY 10169
Re: Municipal Securities Trust,
Series 49
---------------------------
Gentlemen:
We have examined the post-effective Amendment to the Registration
Statement File No. 33-36335 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 Amendment 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
above-referenced Amendment to the Registration Statement for the respective
bonds comprising the trust portfolio are the ratings indicated in our KENNYBASE
database.
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
FAC/trh
<PAGE>
Standard & Poor's
A division of The McGraw-Hill Companies
October 27, 2000
ING Funds Distributors, Inc.
230 Park Avenue
New York, NY 10169
Re: Municipal Securities Trust,
Multi-State Series 44
---------------------------
Gentlemen:
We have examined the post-effective Amendment to the Registration
Statement File No. 33-50901 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 Amendment 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
above-referenced Amendment to the Registration Statement for the respective
bonds comprising the trust portfolio are the ratings indicated in our KENNYBASE
database.
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
FAC/trh
<PAGE>
Standard & Poor's
A division of The McGraw-Hill Companies
October 27,2000
ING Funds Distributors, Inc.
230 Park Avenue
New York, NY 10169
Re: Municipal Securities Trust,
Series 53 and Multi-State Series 42
-----------------------------------
Gentlemen:
We have examined the post-effective Amendment to the Registration
Statement File No. 33-53854 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 Amendment 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
above-referenced Amendment to the Registration Statement for the respective
bonds comprising the trust portfolio are the ratings indicated in our KENNYBASE
database.
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
FAC/trh