MUNICIPAL BOND TRUST SERIES 235
485BPOS, EX-99.C3, 2000-10-06
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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
  September 27, 2000, in the Registration Statement and related
  Prospectus of The Municipal Bond Trust, Series 235.
  /s/ ERNST & YOUNG LLP
  New York, New York
  October 5, 2000


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