MINT
MUNICIPAL INSURED NATIONAL TRUST
July 15, 1995
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549-1004
Re:Rule 24f-2 Notice for MINT Group 7; Municipal Insured National
Trust Series 40 File 33-46666
Gentlemen:
As Co-Sponsor of MINT Group 7, we are submitting the information
required by Rule 24f-2 promulgated under the Investment Company
Act of 1940, as amended. We also are enclosing the opinion of
counsel specified in subsection (b)(1)(v) of said rule. The
filing fee indicated below has been, or will be, sent by wire
transfer to the SEC's account in payment of the fee prescribed by
paragraph (c) of said Rule.
(i) Fiscal year for which notice is filed: Year ended
April 30, 1995
(ii) Number of securities registered other than pursuant to
24f-2 and remaining unsold at the beginning of the
above fiscal year: 0 units
(iii) Number of securities registered other than pursuant to
Rule 24f-2 during the above fiscal year: 0 Units
(iv) Number of securities sold during the above fiscal year:
201
(v) Number of securities sold in reliance upon registration
pursuant to Rule 24f-2 during the above fiscal year:
201
(1) Aggregate sales price to the public of securities sold
in reliance upon registration pursuant to Rule 24f-2:
$207,510.91
(2) Less actual aggregate redemption of repurchase price of
securities redeemed or repurchased:
$0.00
(3)Plus actual aggregate redemption or repurchase of
securities previously applied in filings pursuant to
Section 24(e)(1): $0.00
___________
$207,510.91
Amount of filing fee computed at one-twentininth of one percent
(1/29th of 1%) of above total: $71.56
Very truly yours,
J.C. Bradford & Co.,
as Agent
J. Ronald Scott
Partner
