Interactive Data Corporation
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Financial Times Information
100 William Street, 10th Floor, New York, NY 10038 USA Tel: (212)269-6300
Fax: (212)771-6987
October 23, 2000
Glickenhaus & Co.
6 East 43rd Street
New York, New York 10017
Lebenthal & Co.
120 Broadway
New York, New York 10271
RE: EMPIRE STATE MUNICIPAL EXEMPT TRUST
Guaranteed Series 121, 122 & 123: Post - Effective Amendment No. 5
Gentlemen:
We have examined the post-effective Amendment to the Registration Statement,
File No. 33-62409, 33-62423 and 33-64251, for the referenced Trusts and
acknowledge that Interactive Data Corporation is currently acting as the
evaluator for the Empire State Municipal Exempt Trust Guaranteed Series 121, 122
and 123. Subsequently, we hereby consent to the reference of Interactive Data
Corporation as Trust evaluator in the post-effective Amendment.
In addition, we confirm that the ratings of the bonds comprising the portfolios
of the Trusts, as indicated in the Amendment to the Registration Statement, are
the ratings currently indicated in our Muniview data base.
You are hereby authorized to file a copy of this letter with the Securities and
Exchange Commission.
Sincerely,
/s/ Art Brasch
Art Brasch
Vice President
