UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-6500
Name of Fund: MuniYield New York Insured Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., President, MuniYield
New York Insured Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ
08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011
Registrant's telephone number, including area code: (609) 282-2800
Date of fiscal year end: 10/31/05
Date of reporting period: 11/01/04 - 1/31/05
Item 1 - Schedule of Investments
MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (in Thousands)
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Face
Amount Municipal Bonds Value
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New York - 132.7%
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$23,790 Albany County, New York, Airport Authority, Airport Revenue Bonds, AMT, 6%
due 12/15/2023 (c) $ 26,141
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8,200 Buffalo and Fort Erie, New York, Public Bridge Authority, Toll Bridge System Revenue
Bonds, 5.75% due 1/01/2025 (d) 8,301
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Buffalo, New York, School, GO, Series D (b):
1,250 5.50% due 12/15/2014 1,416
1,500 5.50% due 12/15/2016 1,705
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4,300 Buffalo, New York, Sewer Authority, Revenue Refunding Bonds, Series F, 6%
due 7/01/2013 (b) 5,112
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1,700 Dutchess County, New York, Resource Recovery Agency Revenue Bonds (Solid Waste
System-Forward), Series A, 5.40% due 1/01/2013 (d) 1,905
----------------------------------------------------------------------------------------------------------
Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo Project)
(c):
1,900 5.75% due 5/01/2020 2,178
5,250 5.75% due 5/01/2024 5,874
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Huntington, New York, GO, Refunding (a):
485 5.50% due 4/15/2011 549
460 5.50% due 4/15/2012 528
455 5.50% due 4/15/2013 523
450 5.50% due 4/15/2014 520
450 5.50% due 4/15/2015 523
----------------------------------------------------------------------------------------------------------
1,675 Ilion, New York, Central School District, GO, Series B, 5.50% due 6/15/2010 (b)(e) 1,899
----------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Bonds, Series A (a):
7,000 5% due 9/01/2029 7,342
5,000 5% due 9/01/2034 5,228
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2,000 Metropolitan Transportation Authority, New York, Commuter Facilities Revenue Bonds,
Series A, 5.75% due 1/01/2008 (d)(e) 2,207
----------------------------------------------------------------------------------------------------------
10,000 Metropolitan Transportation Authority, New York, Commuter Facilities, Revenue
Refunding Bonds, Series B, 4.875% due 7/01/2018 (b)(h) 10,599
----------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue Bonds,
Series A:
7,280 5% due 11/15/2031 (b) 7,546
1,015 5% due 11/15/2032 (c) 1,056
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Portfolio Abbreviations
To simplify the listings of MuniYield New York Insured Fund, Inc.'s portfolio
holdings in the Schedule of Investments, we have abbreviated the names of many
of the securities according to the list below.
AMT Alternative Minimum Tax (subject to)
COP Certificates of Participation
DRIVERS Derivative Inverse Tax-Exempt Receipts
GO General Obligation Bonds
HFA Housing Finance Agency
IDA Industrial Development Authority
IDR Industrial Development Revenue Bonds
RIB Residual Interest Bonds
VRDN Variable Rate Demand Notes
MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (continued)
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Metropolitan Transportation Authority, New York, Dedicated Tax Fund, Revenue
Refunding Bonds, Series A:
$ 7,500 5.50% due 11/15/2026 (c) $ 8,467
10,000 5% due 11/15/2030 (d) 10,418
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Metropolitan Transportation Authority, New York, Revenue Refunding Bonds:
28,900 RIB, Series 724X, 9.41% due 11/15/2032 (c)(f) 37,861
2,500 Series A, 5.50% due 11/15/2018 (a) 2,833
1,740 Series A, 5.125% due 11/15/2022 (b) 1,897
2,500 Series A, 5.25% due 11/15/2031 (b) 2,684
1,500 Series B, 5% due 11/15/2028 (d) 1,576
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2,000 Metropolitan Transportation Authority, New York, Service Contract Revenue Refunding
Bonds, Series A, 5% due 7/01/2025 (b) 2,133
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Metropolitan Transportation Authority, New York, Transit Facilities Revenue Refunding
Bonds, Series C (c)(e):
2,885 5.125% due 1/01/2012 3,220
1,640 5.125% due 7/01/2012 1,838
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2,500 Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
Series A, 5% due 11/15/2032 (b) 2,612
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Metropolitan Transportation Authority, New York, Transportation Revenue Refunding
Bonds, Series F (d):
6,235 5.25% due 11/15/2027 6,784
5,000 5% due 11/15/2031 5,206
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Monroe County, New York, IDA, Revenue Bonds (Southview Towers Project), AMT:
1,400 6.125% due 2/01/2020 1,549
1,125 6.25% due 2/01/2031 1,238
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1,410 Montgomery County, New York, IDA, Lease Revenue Bonds (Hamilton Fulton Montgomery
Board of Cooperative Educational Services Project), Series A, 5% due 7/01/2034 (l) 1,468
----------------------------------------------------------------------------------------------------------
12,130 Nassau Health Care Corporation, New York, Health System Revenue Bonds, 5.75%
due 8/01/2009 (c)(e)(m) 13,858
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455 New York City, New York, City Health and Hospital Corporation, Health System Revenue
Bonds, Series A, 5.375% due 2/15/2026 475
----------------------------------------------------------------------------------------------------------
3,000 New York City, New York, City Health and Hospital Corporation, Health System Revenue
Refunding Bonds, Series A, 5.25% due 2/15/2012 (a) 3,344
----------------------------------------------------------------------------------------------------------
1,275 New York City, New York, City IDA, Civic Facility Revenue Refunding Bonds
(Nightingale-Bamford School), 5.25% due 1/15/2018 (a) 1,413
----------------------------------------------------------------------------------------------------------
13,175 New York City, New York, City IDA, IDR (Japan Airlines Company), AMT, 6%
due 11/01/2015 (c) 13,741
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7,970 New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal Charter-New
York Presbyterian), 5.75% due 12/15/2029 (c) 9,202
----------------------------------------------------------------------------------------------------------
14,970 New York City, New York, City IDA, Special Facilities Revenue Bonds (Terminal One
Group), AMT, 6.125% due 1/01/2024 (d) 15,186
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MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (continued)
-----------------------------------------------------------------------------------------------------------------------------------
$ 500 New York City, New York, City Municipal Water Finance Authority, Water and Sewer
System Crossover, Revenue Refunding Bonds, Series F, 5% due 6/15/2029 (c) $ 518
----------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and Sewer
System Revenue Bonds:
12,500 RIB, Series 726X, 9.41% due 6/15/2027 (d)(f) 15,978
2,850 Series A, 5.75% due 6/15/2031 (b) 3,167
4,085 Series B, 5.75% due 6/15/2006 (d)(e) 4,314
17,200 Series B, 5.75% due 6/15/2007 (d)(e) 18,681
3,500 VRDN, Series C, 1.90% due 6/15/2022 (b)(g) 3,500
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New York City, New York, City Municipal Water Finance Authority, Water and Sewer
System Revenue Refunding Bonds:
5,000 5.50% due 6/15/2033 (d) 5,501
2,250 Series A, 5.375% due 6/15/2026 (c) 2,345
1,250 Series A, 5.125% due 6/15/2034 (d) 1,309
7,015 Series B, 5.75% due 6/15/2026 (d) 7,407
3,500 VRDN, Series A, 1.82% due 6/15/2025 (b)(g) 3,500
4,500 VRDN, Series G, 1.82% due 6/15/2024 (b)(g) 4,500
----------------------------------------------------------------------------------------------------------
1,020 New York City, New York, City Transit Authority, Metropolitan Transportation
Authority, Tribourough, COP, Series A, 5.625% due 1/01/2012 (a) 1,148
----------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority Revenue Bonds, Future
Tax Secured:
6,805 Series B, 6.25% due 5/15/2010 (b)(e) 7,959
800 Series B, 6.25% due 5/15/2010 (e) 936
3,160 Series C, 5.50% due 5/01/2025 3,446
16,195 Series C, 5% due 2/01/2033 (b) 16,911
8,020 Series E, 5.25% due 2/01/2017 (b) 8,920
2,500 Series E, 5.25% due 2/01/2022 (d) 2,762
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New York City, New York, City Transitional Finance Authority, Revenue Refunding
Bonds:
3,000 Future Tax Secured, Series D, 5.25% due 2/01/2021 (d) 3,309
1,000 Series A, 5% due 11/15/2026 (b) 1,053
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New York City, New York, GO:
11,043 RIB, Series 725X, 9.41% due 3/15/2027 (c)(f) 14,210
3,000 Series A, 5.75% due 5/15/2024 (b) 3,380
2,500 Series B, 5.75% due 8/01/2013 (d) 2,845
3,750 Series D, 5.25% due 10/15/2023 4,029
5,450 Series D, 5% due 11/01/2034 5,624
8,000 Series J, 5% due 5/15/2023 8,443
2,295 Sub-Series C-1, 4.75% due 8/15/2025 2,337
1,150 Sub-Series C-1, 5.25% due 8/15/2026 1,237
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MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (continued)
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New York City, New York, GO, Refunding:
$ 895 Series A, 6.375% due 5/15/2010 (b)(e) $ 1,052
105 Series A, 6.375% due 5/15/2013 (b)(e) 122
70 Series B, 7% due 2/01/2018 (a) 70
2,285 Series G, 5.75% due 2/01/2006 (e) 2,398
1,365 Series G, 5.75% due 2/01/2020 1,425
3,000 Series G, 5% due 12/01/2020 3,202
2,300 Series G, 5% due 12/01/2033 2,374
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New York City, New York, Sales Tax Asset Receivable Corporation Revenue Bonds,
Series A (a):
13,000 5.25% due 10/15/2027 14,197
15,550 5% due 10/15/2032 16,367
750 4.50% due 10/15/2033 751
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New York City, New York, Trust for Cultural Resources Revenue Refunding Bonds
(American Museum of Natural History), Series A (d):
4,250 5% due 7/01/2036 4,465
6,250 5% due 7/01/2044 6,471
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2,345 New York State Dormitory Authority, Hospital Revenue Refunding Bonds (The New
York-Presbyterian Hospital), Series A, 5.25% due 8/15/2019 (c) 2,607
----------------------------------------------------------------------------------------------------------
1,230 New York State Dormitory Authority, Mental Health Facilities Revenue Bonds, Series B,
5.25% due 2/15/2017 (d) 1,375
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New York State Dormitory Authority Revenue Bonds, Series A:
3,935 (Eger Health Care and Rehabilitation Center), 6.10% due 8/01/2037 (i) 4,494
1,500 (Long Island University), Series B, 5.25% due 9/01/2028 (k) 1,589
1,840 (Mental Health Services Facilities Improvement), Series B, 5.25% due 2/15/2023 1,998
2,000 (New School for Social Research), 5.75% due 7/01/2026 (d) 2,178
1,180 (New York State Rehabilitation Association), Series A, 5.25% due 7/01/2019 (j) 1,296
1,000 (New York State Rehabilitation Association), Series A, 5.125% due 7/01/2023 (j) 1,073
6,900 (School Districts Financing Program), Series E, 5.75% due 10/01/2030 (d) 7,951
1,000 Series B, 6.50% due 2/15/2011 (d)(h) 1,187
3,560 (State University Adult Facilities), Series B, 5.75% due 5/15/2010 (c)(e) 4,077
710 (Upstate Community Colleges), Series A, 6% due 7/01/2015 (c) 819
1,070 (Upstate Community Colleges), Series A, 6% due 7/01/2016 (c) 1,234
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New York State Dormitory Authority, Revenue Refunding Bonds:
1,000 (City University System), Consolidated, Series 1, 5.625% due 1/01/2008 (c)(e) 1,105
4,400 (City University System), Series C, 7.50% due 7/01/2010 (b) 5,001
4,255 (Mental Health Services Facilities Improvement), Series A, 5.75%
due 2/15/2007 (d)(e) 4,621
150 (Mental Health Services Facilities Improvement), Series A, 5.75% due 2/15/2027 (d) 162
1,370 (School District Financing Program), Series I, 5.75% due 10/01/2018 (d) 1,581
6,000 (Siena College), 5.75% due 7/01/2026 (d) 6,535
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MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (continued)
-----------------------------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, State Personal Income Tax Education Revenue
Bonds, Series A (d):
$ 1,600 5% due 3/15/2032 $ 1,667
1,500 4.50% due 3/15/2034 1,500
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12,750 New York State Energy Research and Development Authority, Facilities Revenue
Refunding Bonds (Consolidated Edison Co. of New York), Series A, 6.10%
due 8/15/2020 (a) 13,205
----------------------------------------------------------------------------------------------------------
4,555 New York State Energy Research and Development Authority, Gas Facilities Revenue
Bonds (Brooklyn Union Gas Company), AMT, Series B, 6.75% due 2/01/2024 (d) 4,615
----------------------------------------------------------------------------------------------------------
3,500 New York State Environmental Facilities Corporation, Special Obligation Revenue
Refunding Bonds (Riverbank State Park), 6.25% due 4/01/2012 (a) 4,150
----------------------------------------------------------------------------------------------------------
2,405 New York State, HFA, Revenue Refunding Bonds (Housing Mortgage Project), Series A,
6.10% due 11/01/2015 (c) 2,523
----------------------------------------------------------------------------------------------------------
800 New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds
(Economic Development and Housing), Series A, 5% due 9/15/2023 (d) 857
----------------------------------------------------------------------------------------------------------
5,375 New York State Medical Care Facilities Finance Agency Revenue Bonds (Health Center
Project-Second Mortgage), Series A, 6.375% due 11/15/2019 (a) 5,642
----------------------------------------------------------------------------------------------------------
2,000 New York State Medical Care Facilities Finance Agency, Revenue Refunding Bonds
(Hospital & Nursing Homes), Series B, 6.25% due 2/15/2025 (i) 2,079
----------------------------------------------------------------------------------------------------------
9,590 New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds, AMT,
Series 67, 5.80% due 10/01/2028 (d) 9,949
----------------------------------------------------------------------------------------------------------
2,850 New York State Mortgage Agency Revenue Bonds, DRIVERS, AMT, Series 295, 9.595%
due 4/01/2030 (d)(f) 3,211
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New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds,
Series C:
3,470 5.25% due 6/01/2019 3,793
3,920 5.25% due 6/01/2020 4,276
2,250 5.25% due 6/01/2021 2,448
----------------------------------------------------------------------------------------------------------
2,820 New York State Thruway Authority, Highway and Bridge Trust Fund Revenue Bonds,
Series A, 6.25% due 4/01/2011 (c) 3,274
----------------------------------------------------------------------------------------------------------
2,000 New York State Thruway Authority, Local Highway and Bridge Service Contract Revenue
Bonds, Series A-2, 5.375% due 4/01/2008 (d)(e) 2,189
----------------------------------------------------------------------------------------------------------
New York State Thruway Authority, Local Highway and Bridge Service Contract, Revenue
Refunding Bonds (d):
2,170 6% due 4/01/2007 (e) 2,376
1,330 6% due 4/01/2011 1,453
2,075 6% due 4/01/2012 2,267
----------------------------------------------------------------------------------------------------------
3,045 New York State Thruway Authority, Second General Highway and Bridge Trust Fund
Revenue Bonds, Series A, 5.25% due 4/01/2023 (d) 3,355
----------------------------------------------------------------------------------------------------------
3,000 New York State Thruway Authority, Service Contract Revenue Bonds (Local Highway and
Bridges Project), 5.75% due 4/01/2010 (a)(e) 3,432
----------------------------------------------------------------------------------------------------------
1,525 New York State Thruway, Transportation Authority, State Personal Income Tax Revenue
Bonds, Series A, 5% due 3/15/2020 (d) 1,652
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MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (continued)
-----------------------------------------------------------------------------------------------------------------------------------
$ 4,750 New York State Urban Development Corporation, Personal Income Tax Revenue Bonds,
Series C-1, 5% due 3/15/2013 (d)(e) $ 5,293
----------------------------------------------------------------------------------------------------------
3,190 New York State Urban Development Corporation, Revenue Refunding Bonds (Correctional
Capital Facilities), Series A, 6.50% due 1/01/2011 (c) 3,761
----------------------------------------------------------------------------------------------------------
Niagara County, New York, IDA, Solid Waste Disposal Revenue Refunding Bonds, AMT:
8,000 Series A, 5.45% due 11/15/2026 8,687
2,000 Series C, 5.625% due 11/15/2024 2,152
----------------------------------------------------------------------------------------------------------
1,000 Niagara Falls, New York, GO (Water Treatment Plant), AMT, 7.25% due 11/01/2010 (d) 1,199
----------------------------------------------------------------------------------------------------------
1,100 Niagara Falls, New York, Public Water Authority, Water and Sewer System Revenue
Bonds, Series A, 5.50% due 7/15/2026 (d) 1,143
----------------------------------------------------------------------------------------------------------
2,705 Niagara, New York, Frontier Authority, Airport Revenue Bonds (Buffalo Niagara
International Airport), Series B, 5.50% due 4/01/2019 (d) 2,996
----------------------------------------------------------------------------------------------------------
1,260 North Country, New York, Development Authority, Solid Waste Management System Revenue
Refunding Bonds, 6% due 5/15/2015 (c) 1,469
----------------------------------------------------------------------------------------------------------
North Hempstead, New York, GO, Refunding, Series B (b):
1,745 6.40% due 4/01/2013 2,118
555 6.40% due 4/01/2017 695
----------------------------------------------------------------------------------------------------------
1,665 Oneida County, New York, IDA, Civic Facilities Revenue Bonds (Mohawk Valley),
Series A, 5.20% due 2/01/2013 (c) 1,801
----------------------------------------------------------------------------------------------------------
2,500 Port Authority of New York and New Jersey, Consolidated Revenue Bonds, AMT, 137
Series, 5.125% due 7/15/2030 (c) 2,625
----------------------------------------------------------------------------------------------------------
4,000 Port Authority of New York and New Jersey, Consolidated Revenue Refunding Bonds, AMT,
119th Series, 5.50% due 9/15/2016 (b) 4,187
----------------------------------------------------------------------------------------------------------
4,075 Port Authority of New York and New Jersey, Revenue Bonds, Trust Receipts, AMT,
Class R, Series 10, 9.603% due 1/15/2017 (c)(f) 4,582
----------------------------------------------------------------------------------------------------------
7,500 Port Authority of New York and New Jersey, Revenue Refunding Bonds, DRIVERS, AMT,
Series 177, 9.84% due 10/15/2032 (d)(f) 8,811
----------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds, AMT (d):
1,750 DRIVERS, Series 192, 9.35% due 12/01/2025 (f) 1,989
5,080 DRIVERS, Series 278, 9.339% due 12/01/2022 (f) 5,959
14,750 (JFK International Air Terminal), Series 6, 6.25% due 12/01/2010 16,731
7,175 (JFK International Air Terminal LLC), Series 6, 6.25% due 12/01/2011 8,218
4,425 (Special Project-JFK International Air Terminal), Series 6, 6.25% due 12/01/2013 5,133
7,380 (Special Project-JFK International Air Terminal), Series 6, 6.25% due 12/01/2014 8,622
----------------------------------------------------------------------------------------------------------
1,255 Rensselaer County, New York, IDA, Civic Facility Revenue Bonds (Polytech Institute),
Series B, 5.50% due 8/01/2022 (a) 1,390
----------------------------------------------------------------------------------------------------------
4,625 Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), 5.25% due 6/01/2027 4,784
----------------------------------------------------------------------------------------------------------
MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
New York (concluded)
-----------------------------------------------------------------------------------------------------------------------------------
Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue Refunding Bonds
(Ogden Martin System Hunting Project), AMT (a):
$ 8,530 6% due 10/01/2010 $ 9,730
9,170 6.15% due 10/01/2011 10,639
6,470 6.25% due 10/01/2012 7,614
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Tobacco Settlement Financing Corporation of New York Revenue Bonds:
5,000 Series A-1, 5.25% due 6/01/2020 (a) 5,472
5,000 Series A-1, 5.25% due 6/01/2021 (a) 5,435
2,000 Series A-1, 5.25% due 6/01/2022 (a) 2,165
2,000 Series C-1, 5.50% due 6/01/2021 2,211
1,900 Series C-1, 5.50% due 6/01/2022 2,087
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Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Refunding
Bonds (d):
2,500 Series A, 5% due 1/01/2032 2,592
2,305 Series Y, 6% due 1/01/2012 (h) 2,657
----------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds (d):
7,000 5.25% due 11/15/2023 7,735
19,675 5% due 11/15/2032 20,471
1,500 Series B, 5% due 11/15/2032 1,561
----------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue Bonds:
2,465 5% due 11/15/2028 (a) 2,590
6,000 Series A, 5.25% due 11/15/2030 (d) 6,459
----------------------------------------------------------------------------------------------------------
2,500 United Nations Development Corporation, New York, Revenue Refunding Bonds, Senior
Lien, Series A, 5.25% due 7/01/2020 2,634
----------------------------------------------------------------------------------------------------------
1,680 Warren & Washington Counties, New York, IDA, Civic Facility Revenue Bonds (Glens
Falls Hospital Project), Series A, 5% due 12/01/2035 (c) 1,748
----------------------------------------------------------------------------------------------------------
2,010 Yonkers, New York, GO, Series A, 5.75% due 10/01/2017 (b) 2,294
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Guam - 0.8%
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A.B. Won Guam International Airport Authority, General Revenue Refunding Bonds, AMT,
Series C (d):
2,240 5.25% due 10/01/2021 2,415
2,050 5.25% due 10/01/2022 2,210
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Puerto Rico - 8.7%
-----------------------------------------------------------------------------------------------------------------------------------
2,500 Puerto Rico Commonwealth, GO, Refunding, Series A, 5% due 7/01/2031 (c) 2,753
----------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Transportation Revenue
Bonds:
1,900 5.25% due 7/01/2018 (b) 2,130
2,265 Series G, 5.25% due 7/01/2019 (b) 2,536
1,000 Series G, 5.25% due 7/01/2021 (b) 1,116
1,250 Trust Receipts, Class R, Series B, 9.603% due 7/01/2035 (d)(f) 1,600
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MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (continued) (in Thousands)
-----------------------------------------------------------------------------------------------------------------------------------
Face
Amount Municipal Bonds Value
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico (concluded)
-----------------------------------------------------------------------------------------------------------------------------------
$ 8,495 Puerto Rico Commonwealth, Highway and Transportation Authority, Transportation
Revenue Refunding Bonds, Series D, 5.75% due 7/01/2041 $ 9,635
----------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth, Public Improvement, GO, Series A:
4,605 5.25% due 7/01/2019 5,030
7,480 5.25% due 7/01/2020 8,153
----------------------------------------------------------------------------------------------------------
4,750 Puerto Rico Electric Power Authority, Power Revenue Bonds, Series NN, 5.125%
due 7/01/2029 4,986
----------------------------------------------------------------------------------------------------------
3,000 Puerto Rico Public Buildings Authority, Government Facilities Revenue Refunding
Bonds, Series J, 5% due 7/01/2036 (a) 3,304
----------------------------------------------------------------------------------------------------------
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds,
Series E:
2,300 5.50% due 2/01/2012 (e) 2,607
700 5.50% due 8/01/2029 749
----------------------------------------------------------------------------------------------------------
6,100 Puerto Rico Public Finance Corporation Revenue Bonds, DRIVERS, Series 272, 9.229%
due 8/01/2030 (f) 6,884
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Total Investments (Cost - $782,951+) - 142.2% 839,661
Other Assets Less Liabilities - 1.7% 9,700
Preferred Stock, at Redemption Value - (43.9%) (259,040)
--------
Net Assets Applicable to Common Stock - 100.0% $590,321
========
+ The cost and unrealized appreciation (depreciation) of investments as of
January 31, 2005, as computed for federal income tax purposes, were as
follows:
(in Thousands)
-------------------------------------------------------------------------
Aggregate cost $ 783,233
=========
Gross unrealized appreciation $ 56,469
Gross unrealized depreciation (41)
---------
Net unrealized appreciation $ 56,428
=========
(a) AMBAC Insured.
(b) FGIC Insured.
(c) FSA Insured.
(d) MBIA Insured.
(e) Prerefunded.
(f) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(g) Security has a maturity of more than one year, but has a variable rate and
demand features, which qualify it as short-term security. The rate
disclosed is that currently in effect. This rate changes periodically
based upon prevailing market rates.
(h) Escrowed to maturity.
(i) FHA Insured.
(j) CIFG Insured.
(k) Radian Insured.
(l) XL Capital Insured.
(m) All or a portion of security held as collateral in connection with open
future contracts.
MuniYield New York Insured Fund, Inc.
Schedule of Investments as of January 31, 2005 (concluded)
Investments in companies considered to be an affiliate of the Fund (such
companies are defined as "Affiliated Companies" in Section 2(a)(3) of the
Investment Company Act of 1940) were as follows:
(in Thousands)
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Net Dividend
Affiliate Activity Income
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CMA New York Municipal
Money Fund (52) $ 4
--------------------------------------------------------------------------
Forward interest rate swaps outstanding as of January 31, 2005 were as
follows:
(in Thousands)
--------------------------------------------------------------------------
Unrealized
Notional Amount Depreciation
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Receive a variable rate equal to the
change in 7-Day Bond Market Association
Municipal Swap Index Rate and pay a fixed
rate equal to 3.652%
Broker, Morgan Stanley Capital Services, Inc.
Expires March 2015 $83,000 $ (964)
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Financial futures contracts sold as of January 31, 2005 were as follows:
(in Thousands)
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Number of Expiration Face Unrealized
Contracts Issue Date Value Depreciation
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405 10-Year U.S. March
Treasury Notes 2005 $45,871 $ (403)
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Item 2 - Controls and Procedures
2(a) - The registrant's certifying officers have reasonably designed such
disclosure controls and procedures to ensure material information
relating to the registrant is made known to us by others particularly
during the period in which this report is being prepared. The
registrant's certifying officers have determined that the registrant's
disclosure controls and procedures are effective based on our evaluation
of these controls and procedures as of a date within 90 days prior to the
filing date of this report.
2(b) - There were no changes in the registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the Act (17 CFR
270.30a-3(d)) that occurred during the last fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting.
Item 3 - Exhibits
Certifications - Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
MuniYield New York Insured Fund, Inc.
By: /s/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.,
President
MuniYield New York Insured Fund, Inc.
Date: March 21, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Robert C. Doll, Jr.
------------------------------
Robert C. Doll, Jr.,
President
MuniYield New York Insured Fund, Inc.
Date: March 21, 2005
By: /s/ Donald C. Burke
------------------------------
Donald C. Burke,
Chief Financial Officer
MuniYield New York Insured Fund, Inc.
Date: March 21, 2005