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MUNIYIELD NEW YORK INSURED FUND, INC.
MUNIYIELD NEW YORK INSURED FUND II, INC.
SUPPLEMENT DATED DECEMBER 7, 1999 TO THE PROXY STATEMENT AND
PROSPECTUS DATED NOVEMBER 9, 1999
The information regarding the New York Stock Exchange ticker symbols
for the common stock of each of the funds was incorrectly stated on page 2 of
the Proxy Statement and Prospectus. The correct ticker symbols are "MYN" for
MuniYield New York Insured Fund, Inc. and "MYT" for MuniYield New York Insured
Fund II, Inc. After the Reorganization, the Common Stock of the surviving fund,
MuniYield New York Insured Fund, Inc., will continue to be listed on the New
York Stock Exchange under the symbol "MYN."