EMPIRE STATE MUNICIPAL EXEMPT TRUST GUARANTEED SERIES 86, 497J, 1996-10-07

EMPIRE STATE MUNICIPAL EXEMPT TRUST GUARANTEED SERIES 86
497J, 1996-10-07

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GLICKENHAUS & CO.
6 East 43rd Street, 10th Floor
New York, New York 10017
(212) 953-7532





                                  October 7, 1996


VIA EDGAR

Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

                  Re:   Empire State Municipal Exempt Trust, Guaranteed
                        Series 86
                        File No. 33-48319

Gentlemen:

            As Sponsors of the above-referenced Trust, we are writing this
letter to ce tify that:

            (1) the form of Prospectus that would have been filed under Rule
497(b) of the Securities Act of 1933, does not differ from that contained in the
most recent Post-Effective Amendment to the Registration Statement on Form S-6
(the "Registration Statement"); and

            (2) the text of the most recent Registration Statement was filed
electronically with the Securities and Exchange Commission on September 26, 1996
and became effective September 30, 1996 pursuant to Rule 485(b).

                                    Empire State Municipal Exempt Trust,
                                    Guaranteed Series 86


                                    GLICKENHAUS & CO.
                                    LEBENTHAL & CO. INC.


                                     By:  Brian Laux
                                          as agent for the Sponsors


307339.1