UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act File Number 811-02688
Name of Fund: Merrill Lynch Municipal Bond Fund, Inc.: Insured Portfolio
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service:
Robert C. Doll, Jr., Chief Executive Officer, Merrill Lynch Municipal
Bond Fund, Inc.: Insured Portfolio, 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: 06/30/2007
Date of reporting period: 07/01/2005 - 06/30/2006
Item 1 - Proxy Voting Record
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:
(a) The name of the issuer of the portfolio security;
(b) The exchange ticker symbol of the portfolio security;
(c) The Council on Uniform Securities Identification Procedures ("CUSIP")
number for the portfolio security;
(d) The shareholder meeting date;
(e) A brief identification of the matter voted on;
(f) Whether the matter was proposed by the issuer or by a security holder;
(g) Whether the registrant cast its vote on the matter;
(h) How the registrant cast its vote; and
(i) Whether the registrant cast its vote for or against management.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-02688
Reporting Period: 07/01/2005 - 06/30/2006
Merrill Lynch Municipal Bond Fund, Inc.: Insured Portfolio
========== MERRILL LYNCH MUNICIPAL BOND FUND, INC.: INSURED PORTFOLIO ==========
BLACKROCK CALIFORNIA INSURED MUNICIPAL 2008 TERM TRUST INC, THE
Ticker: BFC Security ID: 09247G108
Meeting Date: MAY 23, 2006 Meeting Type: Annual
Record Date: FEB 28, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Trustee Richard E. Cavanagh For For Management
1.2 Elect Trustee R. Glenn Hubbard For For Management
- --------------------------------------------------------------------------------
BLACKROCK INSURED MUNICIPAL 2008 TERM TRUST INC., THE
Ticker: BRM Security ID: 09247K109
Meeting Date: MAY 23, 2006 Meeting Type: Annual
Record Date: FEB 28, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Trustee Richard E. Cavanagh For For Management
1.2 Elect Trustee R. Glenn Hubbard For For Management
- --------------------------------------------------------------------------------
BLACKROCK INSURED MUNICIPAL TERM TRUST INC., THE
Ticker: BMT Security ID: 092474105
Meeting Date: MAY 23, 2006 Meeting Type: Annual
Record Date: FEB 28, 2006
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Trustee Richard E. Cavanagh For For Management
1.2 Elect Trustee Ralph L. Schlosstein For For Management
========== END NPX REPORT
Pursuant to the requirements of 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.
Merrill Lynch Municipal Bond Fund, Inc.: Insured Portfolio
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
Merrill Lynch Municipal Bond Fund, Inc.: Insured Portfolio
Date: September 7, 2006