As filed with the Securities and Exchange Commission on April 3, 1995

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [x]
Filed by a Party other than the Registrant [ ]

Check the appropriate box: [ ] Confidential, for Use of the
Commission Only (as permitted
[ ] Preliminary proxy statement by Rule 14a-6(e)(2)
[X] Definitive proxy statement
[ ] Definitive additional materials
[ ] Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12

MUNIVEST MICHIGAN INSURED FUND, INC.
- --------------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)

- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
[X] $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(i)(2) or
Item 22(a)(2) of Schedule 14A.
[ ] $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

(1) Title of each class of securities to which transaction applies:

- --------------------------------------------------------------------------------

(2) Aggregate number of securities to which transaction applies:

- --------------------------------------------------------------------------------

(3) Per unit price or other underlying value of transaction computed pursuant
to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is
calculated and state how it was determined):

- --------------------------------------------------------------------------------

(4) Proposed maximum aggregate value of transaction:

- --------------------------------------------------------------------------------
(5) Total fee paid:

- --------------------------------------------------------------------------------
[ ] Fee paid previously with preliminary materials.
- --------------------------------------------------------------------------------

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.

(1) Amount Previously Paid:

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(2) Form, Schedule or Registration Statement No.:

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(3) Filing Party:

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(4) Date Filed:

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MUNIVEST MICHIGAN INSURED FUND, INC.
P.O. BOX 9011
PRINCETON, NEW JERSEY 08543-9011

-------------------
NOTICE OF 1995 ANNUAL MEETING OF STOCKHOLDERS
MAY 12, 1995

-------------------

TO THE STOCKHOLDERS OF MUNIVEST MICHIGAN INSURED FUND, INC.:

Notice is hereby given that the 1995 Annual Meeting of Stockholders (the
"Meeting") of MuniVest Michigan Insured Fund, Inc. (the "Fund") will be held at
the offices of Merrill Lynch Asset Management, L.P., 800 Scudders Mill Road,
Plainsboro, New Jersey, on Friday, May 12, 1995 at 9:30 A.M. for the following
purposes:

(1) To elect a Board of Directors to serve for the ensuing year;

(2) To consider and act upon a proposal to ratify the selection of
Deloitte & Touche LLP to serve as independent auditors of the Fund for its
current fiscal year; and

(3) To transact such other business as may properly come before the
Meeting or any adjournment thereof.

The Board of Directors has fixed the close of business on March 17, 1995 as
the record date for the determination of stockholders entitled to notice of and
to vote at the Meeting or any adjournment thereof.

A complete list of the stockholders of the Fund entitled to vote at the
Meeting will be available and open to the examination of any stockholder of the
Fund for any purpose germane to the Meeting during ordinary business hours from
and after April 28, 1995, at the office of the Fund, 800 Scudders Mill Road,
Plainsboro, New Jersey 08536. You are cordially invited to attend the Meeting.
STOCKHOLDERS WHO DO NOT EXPECT TO ATTEND THE MEETING IN PERSON ARE REQUESTED TO
COMPLETE, DATE AND SIGN THE ENCLOSED FORM OF PROXY AND RETURN IT PROMPTLY IN THE
ENVELOPE PROVIDED FOR THIS PURPOSE. The enclosed proxy is being solicited on
behalf of the Board of Directors of the Fund.

By Order of the Board of Directors
MARK B. GOLDFUS
Secretary

Plainsboro, New Jersey
Dated: April 3, 1995

PROXY STATEMENT
-------------------
MUNIVEST MICHIGAN INSURED FUND, INC.
P.O. BOX 9011
PRINCETON, NEW JERSEY 08543-9011
-------------------
1995 ANNUAL MEETING OF STOCKHOLDERS
MAY 12, 1995

INTRODUCTION

This Proxy Statement is furnished in connection with the solicitation of
proxies on behalf of the Board of Directors of MuniVest Michigan Insured Fund,
Inc., a Maryland corporation (the "Fund"), to be voted at the 1995 Annual
Meeting of Stockholders of the Fund (the "Meeting"), to be held at the offices
of Merrill Lynch Asset Management, L.P. ("MLAM"), 800 Scudders Mill Road,
Plainsboro, New Jersey, on Friday, May 12, 1995 at 9:30 A.M. The approximate
mailing date of this Proxy Statement is April 6, 1995.

All properly executed proxies received prior to the Meeting will be voted at
the Meeting in accordance with the instructions marked thereon or otherwise as
provided therein. Unless instructions to the contrary are marked, proxies will
be voted for the election of the Board of Directors to serve for the ensuing
year, and for the ratification of the selection of independent auditors to serve
for the Fund's current fiscal year. Any proxy may be revoked at any time prior
to the exercise thereof by giving written notice to the Secretary of the Fund at
the Fund's address indicated above or by voting in person at the Meeting.

The Board of Directors has fixed the close of business on March 17, 1995 as
the record date for the determination of stockholders entitled to notice of and
to vote at the Meeting and at any adjournment thereof. Stockholders on the
record date will be entitled to one vote for each share held, with no shares
having cumulative voting rights. As of March 17, 1995, the Fund had outstanding
7,379,969 shares of common stock, par value $.10 per share ("Common Stock"), and
2,000 shares of auction market preferred stock, par value $.05 per share and
liquidation preference of $25,000 per share plus an amount equal to accumulated
but unpaid dividends thereon ("AMPS"). To the knowledge of the Fund, as of March
17, 1995, no person is the beneficial owner of more than five percent of the
outstanding shares of Common Stock or five percent of the outstanding AMPS.

The Board of Directors of the Fund knows of no business other than that
mentioned in Items 1 and 2 of the Notice of Meeting which will be presented for
consideration at the Meeting. If any other matter is properly presented, it is
the intention of the persons named in the enclosed proxy to vote in accordance
with their best judgment.

ITEM 1. ELECTION OF DIRECTORS

At the Meeting, the Board of Directors will be elected to serve until the
next Annual Meeting of Stockholders and until their successors are elected and
qualified. It is intended that all properly executed proxies will be voted
(unless such authority has been withheld in the proxy) as follows:

(1) All such proxies of the holders of AMPS, voting separately by class,
in favor of the two (2) persons designated as Directors to be elected by
holders of AMPS; and

(2) All such proxies of the holders of AMPS and Common Stock, voting
together as a single class, in favor of the four (4) persons designated as
Directors to be elected by holders of AMPS and Common Stock.

The Board of Directors of the Fund knows of no reason why any of these
nominees will be unable to serve, but in the event of any such unavailability,
the proxies received will be voted for such substitute nominee or nominees as
the Board of Directors may recommend.

Certain information concerning the nominees, including their designated
classes, is set forth as follows:

TO BE ELECTED BY HOLDERS OF AMPS, VOTING SEPARATELY BY CLASS:

SHARES
BENEFICIALLY
OWNED AT
MARCH 17, 1995
PRINCIPAL OCCUPATIONS --------------
DURING PAST FIVE YEARS DIRECTOR COMMON
NAME AND ADDRESS OF NOMINEE AGE AND PUBLIC DIRECTORSHIPS(1) SINCE STOCK AMPS
- -------------------------------- --- -------------------------------- -------- ------ ----

Donald Cecil(1)(2).............. 68 Special Limited Partner of 1993 0 0
Cumberland Associates Cumberland Partners (an
1114 Avenue of the Americas investment partnership) since
New York, New York 10036 1982; Member of Institute of
Chartered Financial Analysts;
Member and Chairman of
Westchester County (N.Y.) Board
of Transportation.
M. Colyer Crum(1)(2)............ 62 James R. Williston Professor of 1993 0 0
Soldiers Field Road Investment Management, Harvard
Boston, Massachusetts 02163 Business School, since 1971;
Director of Cambridge Bancorp,
Copley Properties, Inc. and Sun
Life Assurance Company of
Canada.

TO BE ELECTED BY HOLDERS OF AMPS AND COMMON STOCK, VOTING TOGETHER AS A SINGLE
CLASS:

Edward H. Meyer(1)(2)........... 68 President of Grey Advertising 1993 0 0
Grey Advertising Inc. Inc. since 1968, Chief Executive
777 Third Avenue Officer since 1970 and Chairman
New York, New York 10017 of the Board of Directors since
1972; Director of The May
Department Stores Company,
Bowne & Co., Inc. (financial
printers), Ethan Allen
Interiors, Inc. and Harman
International Industries, Inc.
Jack B. Sunderland(1)(2)........ 66 President and Director of 1993 0 0
P.O. Box 1177 American Independent Oil
Scarsdale, New York 10583 Company, Inc. (an energy
company) since 1987; Chairman
of Murexco Petroleum, Inc. (an
energy company) from 1981 to
1988; President, Director and
Chief Executive Officer of
Coroil, Inc. (an energy
company) from 1979 to 1985;
Member of Council on Foreign
Relations since 1971.
J. Thomas Touchton(1)(2)........ 56 Managing Partner of The Witt- 1993 0 0
Suite 3405 Touchton Company and its
One Tampa City Center predecessor, The Witt Co. (a
Tampa, Florida 33602 private investment partnership)
since 1972; Trustee Emeritus of
Washington and Lee University;
Director of TECO Energy Inc.
(an electric utility holding
company).
Arthur Zeikel(1)*............... 62 President of Fund Asset 1993 0 0
P.O. Box 9011 Management, L.P. ("FAM", which
Princeton, New Jersey term includes its corporate
08543-9011 predecessors) since 1977;
President of MLAM (which term
includes its corporate
predecessors) since 1977;
President and Director of
Princeton Services, Inc.
("Princeton Services") since
1993; Executive Vice President
of Merrill Lynch & Co., Inc.
("ML&Co.") since 1990;
Executive Vice President of
Merrill Lynch, Pierce, Fenner &
Smith Incorporated ("Merrill
Lynch") since 1990 and a Senior
Vice President thereof from
1985 to 1990.

(Footnotes on following page)

(Footnotes for preceding page)

- ------------

(1) Each of the nominees is a director, trustee or member of an advisory board
of certain other investment companies for which FAM or MLAM acts as
investment adviser. See "Compensation of Directors and Officers" below.

(2) Member of Audit Committee of the Board of Directors.

* Interested person, as defined in the Investment Company Act of 1940, as
amended (the "Investment Company Act"), of the Fund.

Committees and Board of Directors' meetings. The Board of Directors has a
standing Audit Committee which consists of the Directors who are not "interested
persons" of the Fund within the meaning of the Investment Company Act. The
principal purpose of the Audit Committee is to review the scope of the annual
audit conducted by the Fund's independent auditors and the evaluation by such
auditors of the accounting procedures followed by the Fund. The non-interested
Directors have retained independent legal counsel to assist them in connection
with these duties. The Board of Directors does not have a nominating committee.

During the fiscal year ended October 31, 1994, the Board of Directors held
four meetings and the Audit Committee held four meetings. All of the Directors
attended at least 75% of the aggregate of the total number of meetings of the
Board of Directors and the total number of meetings held by all committees of
the Board on which he served during such period.

Compliance with Section 16(a) of the Securities Exchange Act of
1934. Section 16(a) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), requires the Fund's officers, directors and persons who own
more than ten percent of a registered class of the Fund's equity securities, to
file reports of ownership and changes in ownership on Forms 3, 4 and 5 with the
Securities and Exchange Commission ("SEC") and the New York Stock Exchange.
Officers, directors and greater than ten percent stockholders are required by
SEC regulations to furnish the Fund with copies of all Forms 3, 4 and 5 they
file.

Based solely on the Fund's review of the copies of such forms, and
amendments thereto, furnished to it during or with respect to its most recent
fiscal year, and written representations from certain reporting persons that
they were not required to file Form 5 with respect to the most recent fiscal
year, the Fund believes that all of its officers, directors, greater than ten
percent beneficial owners and other persons subject to Section 16 of the
Exchange Act because of the requirements of Section 30 of the Investment Company
Act (i.e., any advisory board member, investment adviser or affiliated person of
the Fund's investment adviser), have complied with all filing requirements
applicable to them with respect to transactions during the Fund's most recent
fiscal year except that Elizabeth Griffin inadvertently failed to make a
timely Form 3 filing to report her election as a Senior Vice President
of FAM.

Interested Persons. The Fund considers Mr. Zeikel to be an "interested
person" of the Fund within the meaning of Section 2(a)(19) of the Investment
Company Act because of the positions he holds with FAM and its affiliates. Mr.
Zeikel is the President of the Fund and the President of FAM and MLAM.

Compensation of Directors and Officers. FAM, the Fund's investment adviser,
pays all compensation of all officers of the Fund and all Directors of the Fund
who are affiliated with ML&Co. or its subsidiaries. The Fund pays each Director
not affiliated with the investment adviser a fee of $2,500 per year plus $250
per regular meeting attended, together with such Director's actual out-of-pocket
expenses relating to attendance at meetings. The Fund also pays each member of
its Audit Committee a fee of $500 per year plus $125 per meeting attended,
together with such Director's out-of-pocket

expenses relating to attendance at meetings. These fees and expenses aggregated
$21,247 for the fiscal year ended October 31, 1994.

The following table sets forth for the fiscal year ended October 31, 1994
compensation paid by the Fund to the non-affiliated Directors, and for the
calendar year ended December 31, 1994, the aggregate compensation paid by all
investment companies advised by FAM and its affiliate, MLAM ("FAM/MLAM Advised
Funds") to the non-affiliated Directors.

AGGREGATE PENSION OR RETIREMENT TOTAL COMPENSATION FROM
COMPENSATION BENEFITS ACCRUED AS PART FUND AND FAM/MLAM
NAME OF DIRECTOR FROM FUND OF FUND EXPENSES ADVISED FUNDS PAID TO DIRECTORS
- ----------------------------- ------------ ------------------------ -------------------------------

Donald Cecil(1) $4,500 None $276,350
M. Colyer Crum(1) $4,500 None $126,600
Edward H. Meyer(1) $4,500 None $251,600
Jack B. Sunderland(1) $4,500 None $134,600
J. Thomas Touchton(1) $4,500 None $134,600

- ------------
(1) The Directors serve on the Boards of other FAM/MLAM Advised Funds as
follows: Mr. Cecil (34 boards), Mr. Crum (17 boards), Mr. Meyer (34 boards),
Mr. Sunderland (18 boards) and Mr. Touchton (18 boards).

Officers of the Fund. The Board of Directors has elected seven officers of
the Fund. The following sets forth information concerning each of these
officers:

OFFICER
NAME AND PRINCIPAL OCCUPATION OFFICE AGE SINCE
- ------------------------------------------------------------- ---------------- --- -------

Arthur Zeikel................................................ President 62 1993
President of FAM since 1977; President of MLAM since 1977;
President and Director of Princeton Services since 1993;
Executive Vice President of Merrill Lynch since 1990 and
Senior Vice President from 1985 to 1990; Executive Vice
President of ML&Co. since 1990; Director of Merrill Lynch
Funds Distributor, Inc. ("MLFD").

Terry K. Glenn............................................... Executive Vice 54 1993
Executive Vice President of FAM and MLAM since 1983; President
Executive Vice President and Director of Princeton Services
since 1993; President of MLFD since 1986 and Director since
1991; President of Princeton Administrators, L.P. since
1988.

Vincent R. Giordano.......................................... Vice President 50 1993
Senior Vice President of FAM and MLAM since 1984 and Vice
President of MLAM from 1980 to 1984; Portfolio Manager of
FAM and MLAM since 1977; Senior Vice President of Princeton
Services since 1993.

Kenneth A. Jacob............................................. Vice President 45 1993
Vice President of FAM and MLAM since 1984; employed by MLAM
since 1978.

Donald C. Burke.............................................. Vice President 34 1993
Vice President and Director of Taxation of MLAM since 1990;
Employee of Deloitte & Touche LLP from 1982 to 1990.

OFFICER
NAME AND PRINCIPAL OCCUPATION OFFICE AGE SINCE
- ------------------------------------------------------------- ---------------- --- -------

Gerald M. Richard............................................ Treasurer 45 1993
Senior Vice President and Treasurer of FAM and MLAM since
1984; Senior Vice President and Treasurer of Princeton
Services since 1993; Treasurer of MLFD since 1984 and Vice
President since 1981.

Mark B. Goldfus.............................................. Secretary 48 1993
Vice President of FAM and MLAM since 1985.

Stock Ownership. At March 17, 1995, the Directors and officers of the Fund
as a group (12 persons) owned an aggregate of less than 1% of the Common Stock
of the Fund outstanding at such date and owned none of the AMPS outstanding at
such date. At such date, Mr. Zeikel, a Director and officer of the Fund, and the
other officers of the Fund owned an aggregate of less than 1% of the outstanding
shares of common stock of ML&Co.

ITEM 2. SELECTION OF INDEPENDENT AUDITORS

The Board of Directors of the Fund, including a majority of the Directors
who are not interested persons of the Fund, has selected the firm of Deloitte &
Touche LLP ("D&T"), Independent Auditors, to examine the financial statements of
the Fund for the current fiscal year. The Fund knows of no direct or indirect
financial interest of D&T in the Fund. Such appointment is subject to
ratification or rejection by the stockholders of the Fund. Unless a contrary
specification is made, the accompanying proxy will be voted in favor of
ratifying the selection of such auditors.

D&T also acts as independent auditors for ML&Co. and all of its subsidiaries
and for most other investment companies for which FAM or MLAM acts as investment
adviser. The fees received by D&T from these other entities are substantially
greater, in the aggregate, than the total fees received by it from the Fund. The
Board of Directors of the Fund considered the fact that D&T has been retained as
the independent auditors for ML&Co. and the other entities described above, in
its evaluation of the independence of D&T with respect to the Fund.

Representatives of D&T are expected to be present at the Meeting and will
have the opportunity to make a statement if they so desire and to respond to
questions from stockholders.

ADDITIONAL INFORMATION

The expenses of preparation, printing and mailing of the enclosed form of
proxy and accompanying Notice and Proxy Statement will be borne by the Fund. The
Fund will reimburse banks, brokers and others for their reasonable expenses in
forwarding proxy solicitation material to the beneficial owners of the shares of
the Fund. The Fund may also hire proxy solicitors at the expense of the Fund.

In order to obtain the necessary quorum at the Meeting (i.e., a majority of
the shares of each class of the Fund's securities entitled to vote at the
Meeting, present in person or by proxy), supplementary solicitation may be made
by mail, telephone, telegraph or personal interview by officers of the Fund. It
is anticipated that the cost of such supplementary solicitation, if any, will be
nominal.

All shares represented by properly executed proxies, unless such proxies
have previously been revoked, will be voted at the Meeting in accordance with
the directions on the proxies; if no direction is

indicated, the shares will be voted "FOR" the Director nominees and "FOR" the
ratification of D&T as independent auditors.

The Directors are to be elected by class vote, two Directors being elected
by the holders of AMPS and the remaining Directors by the holders of AMPS and
Common Stock, voting together as a single class. At a meeting at which a quorum
is duly constituted, (i) the affirmative vote of a majority of the votes cast by
the holders of AMPS, voting separately as a class in person or by proxy, is
required for the election of the two (2) persons designated as Directors to be
elected by the holders of AMPS; (ii) the affirmative vote of a majority of the
votes cast by the holders of AMPS and Common Stock, voting as a single class in
person or by proxy, is required for the election of the remaining Directors
(Item 1); and (iii) the proposal to ratify the selection of the Fund's
independent auditors (Item 2) may be approved by the affirmative vote of a
majority of the votes cast by the holders of Common Stock and AMPS, voting
together as a single class in person or by proxy.

Broker-dealer firms, including Merrill Lynch, holding Fund shares in "street
name" for the benefit of their customers and clients will request the
instructions of such customers and clients on how to vote their shares on each
Item before the Meeting. The Fund understands that, under the rules of the New
York Stock Exchange, such broker-dealer firms may, without instructions from
their customers and clients, grant authority to the proxies designated to vote
on the election of Directors (Item 1) and ratification of the selection of
independent auditors (Item 2) if no instructions have been received prior to the
date specified in the broker-dealer firm's request for voting instructions. The
Fund will include shares held of record by broker-dealers as to which such
authority has been granted in its tabulation of the total number of votes
present for purposes of determining whether the necessary quorum of stockholders
exists. Proxies which are returned but which are marked "abstain" or on which a
broker-dealer has declined to vote on any proposal ("broker non-votes") will be
counted as present for purposes of a quorum. Merrill Lynch has advised the Fund
that it intends to exercise discretion over the shares held in its name for
which no instructions have been received by voting such shares in the same
proportion as it has voted shares for which it has received instructions.
Abstentions and broker non-votes will not be counted as votes cast and therefore
will have no effect on the vote on either Item 1 or Item 2.

ADDRESS OF INVESTMENT ADVISER

The principal office of FAM is located at 800 Scudders Mill Road,
Plainsboro, New Jersey 08536.

ANNUAL REPORT DELIVERY

The Fund will furnish, without charge, a copy of its annual report for the
fiscal year ended October 31, 1994 to any stockholder upon request. Such
requests should be directed to MuniVest Michigan Insured Fund, Inc.,
P.O. Box 9011, Princeton, New Jersey 08543-9011, Attention: Mark B. Goldfus,
or to 1-800-MERRILL ext. 9368 (1-800-637-7455 ext. 9368).

STOCKHOLDER PROPOSALS

If a stockholder intends to present a proposal at the 1996 Annual Meeting of
Stockholders of the Fund, which is anticipated to be held in May 1996, and
desires to have the proposal included in the Fund's proxy statement and form of
proxy for that meeting, the stockholder must deliver the proposal to the offices
of the Fund by December 6, 1995.

By Order of the Board of Directors

MARK B. GOLDFUS
Secretary

Dated: April 3, 1995

AUCTION MARKET
PREFERRED STOCK

MUNIVEST MICHIGAN INSURED FUND, INC.
P.O. Box 9011
Princeton, New Jersey 08543-9011

P R O X Y

This proxy is solicited on behalf of the Board of Directors

The undersigned hereby appoints Arthur Zeikel, Terry K. Glenn and Mark B. Goldfus as proxies,
each with the power to appoint his substitute, and hereby authorizes them to represent and to
vote, as designated on the reverse hereof, all the Auction Market Preferred Stock of MuniVest
Michigan Insured Fund, Inc. (the "Fund") held of record by the undersigned on March 17, 1995 at
the annual meeting of stockholders of the Fund to be held on May 12, 1995 or any adjournment thereof.

This proxy when properly executed will be voted in the manner directed herein by the undersigned
stockholder. If no direction is made, this proxy will be voted for Proposals 1 and 2.

(Continued and to be signed on the reverse side)

Please mark boxes / / or /X/ in blue or black ink.

1. ELECTION OF DIRECTORS FOR all nominees listed below WITHHOLD AUTHORITY
(except as marked to the contrary below) / / to vote for all nominees listed below / /

(INSTRUCTION: To withhold authority to vote for any individual nominee,
strike a line through the nominee's name in the list below.)
Donald Cecil, M. Colyer Crum, Edward H. Meyer, Jack B. Sunderland, J.
Thomas Touchton, and Arthur Zeikel

2. Proposal to ratify the selection of Deloitte & Touche LLP as the independent
auditors of the Fund to serve for the current fiscal year.
FOR / / AGAINST / / ABSTAIN / /

3. In the discretion of such proxies, upon such other business as may properly
come before the meeting or any adjournment thereof.

Please sign exactly as name appears hereon. When
shares are held by joint tenants, both should sign.
When signing as attorney or as executor, administrator,
trustee or guardian, please give full title as such.
If a corporation, please sign in full corporate name
by president or other authorized officer. If a
partnership, please sign in partnership name by
authorized persons.

Dated:___________________________________________, 1995

X______________________________________________________
Signature

X______________________________________________________
Signature, if held jointly

Sign, Date and Return the Proxy Card Promptly Using the Enclosed
Envelope.

COMMON STOCK
MUNIVEST MICHIGAN INSURED FUND, INC.
P.O. Box 9011
Princeton, New Jersey 08543-9011

P R O X Y

This proxy is solicited on behalf of the Board of Directors

The undersigned hereby appoints Arthur Zeikel, Terry K. Glenn and Mark B. Goldfus as proxies,
each with the power to appoint his substitute, and hereby authorizes them to represent and to
vote, as designated on the reverse hereof, all the Common Stock of MuniVest Michigan Insured
Fund, Inc. (the "Fund") held of record by the undersigned on March 17, 1995 at the annual
meeting of stockholders of the Fund to be held on May 12, 1995 or any adjournment thereof.

This proxy when properly executed will be voted in the manner directed herein by the undersigned
stockholder. If no direction is made, this proxy will be voted for Proposals 1 and 2.

(Continued and to be signed on the reverse side)

Please mark boxes / / or /X/ in blue or black ink.

1. ELECTION OF DIRECTORS FOR all nominees listed below WITHHOLD AUTHORITY
(except as marked to the contrary below) / / to vote for all nominees listed below / /

(INSTRUCTION: To withhold authority to vote for any individual nominee,
strike a line through the nominee's name in the list below.)
Edward H. Meyer, Jack B. Sunderland, J. Thomas Touchton, and Arthur Zeikel

2. Proposal to ratify the selection of Deloitte & Touche LLP as the independent
auditors of the Fund to serve for the current fiscal year.
FOR / / AGAINST / / ABSTAIN / /

3. In the discretion of such proxies, upon such other business as may properly
come before the meeting or any adjournment thereof.

Dated:___________________________________________, 1995

X______________________________________________________
Signature

X______________________________________________________
Signature, if held jointly

Sign, Date and Return the Proxy Card Promptly Using the Enclosed
Envelope.