CONSENT OF INDEPENDENT AUDITORS


We consent to the reference to our firm under the captions "The 
Reorganization-Comparison of the Funds-Financial Highlights," "Selection of 
Independent Auditors" and "Experts" and to the use of our report on Taurus 
MuniNewYork Holdings, Inc. dated November 25, 1996, in this Registration 
Statement on Form N-14 under the Securities Act of 1933 (File No. 333-00000) and
related Joint Proxy Statement and Prospectus of MuniYield New York Insured Fund 
II, Inc. 



                                /s/ Ernst & Young LLP
         


Princeton, New Jersey
August 8, 1997