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 811-08217
Name of Fund: BlackRock MuniHoldings New York Insured Fund, Inc. (MHN)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Donald C. Burke, Chief Executive Officer,
BlackRock MuniHoldings 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: (800) 882-0052, Option 4
Date of fiscal year end: 08/31/2008
Date of reporting period: 09/01/2008 - 11/30/2008
Item 1 - Schedule of Investments
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
New York - 140.6% Albany, New York, IDA, Civic Facility Revenue Bonds (The University
Heights Association-Albany Law School), Series A, 6.75%, 12/01/09 (a)(b) $ 3,375 $ 3,598,357
------------------------------------------------------------------------------------------------------------
Buffalo, New York, GO, Series D, 6%, 12/01/09 (a)(c) 2,000 2,117,980
------------------------------------------------------------------------------------------------------------
Erie County, New York, Public Improvement, GO, Series A, 5.75%,
10/01/13 (d)(e) 1,025 1,057,769
------------------------------------------------------------------------------------------------------------
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds,
Series A, 4.50%, 2/15/47 (e) 13,750 9,712,450
------------------------------------------------------------------------------------------------------------
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds,
Series A, 5%, 2/15/47 (d) 10,250 7,836,432
------------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Bonds,
Series A, 5%, 9/01/29 (f) 3,000 2,614,140
------------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Bonds,
Series A, 5%, 9/01/34 (f) 4,700 3,957,400
------------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Refunding
Bonds, Series A, 5.50%, 5/01/33 2,500 2,466,825
------------------------------------------------------------------------------------------------------------
Long Island Power Authority, New York, Electric System Revenue Refunding
Bonds, Series B, 5%, 12/01/35 (c) 3,500 3,159,905
------------------------------------------------------------------------------------------------------------
Madison County, New York, IDA, Civic Facility Revenue Bonds (Colgate
University Project), Series A, 5%, 7/01/30 (f) 4,000 3,777,800
------------------------------------------------------------------------------------------------------------
Madison County, New York, IDA, Civic Facility Revenue Bonds (Colgate
University Project), Series A, 5%, 7/01/35 (f) 3,075 2,841,177
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Dedicated Tax Fund
Revenue Bonds, Series A, 5%, 11/15/35 (e) 2,000 1,685,180
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Bonds, Series C,
6.50%, 11/15/28 6,015 6,256,201
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.125%, 11/15/31 3,425 3,258,579
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.25%, 11/15/31 (d)(e) 2,500 2,225,125
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series B, 5%, 11/15/28 (e) 1,500 1,321,995
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Transit Facilities Revenue
Bonds, Series C, 4.75%, 7/01/12 (a)(c) 2,535 2,756,103
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Transportation Revenue
Refunding Bonds, Series F, 5.25%, 11/15/12 (a)(e) 6,300 6,998,922
Portfolio Abbreviations
To simplify the listings of portfolio holdings in the Schedule of Investments,
the names and descriptions of many of the securities have been abbreviated
according to the list below.
AMT Alternative Minimum Tax (subject to)
DRIVERS Derivative Inverse Tax-Exempt Receipts
GO General Obligation Bonds
HFA Housing Finance Agency
IDA Industrial Development Authority
IDR Industrial Development Revenue Bonds
M/F Multi-Family
PCR Pollution Control Revenue Bonds
PILOT Payment in Lieu of Taxes
VRDN Variable Rate Demand Notes
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
Nassau Health Care Corporation, New York, Health System Revenue Bonds,
5.75%, 8/01/09 (a)(c) $ 4,210 $ 4,424,205
------------------------------------------------------------------------------------------------------------
New York City, New York, City Health and Hospital Corporation, Health
System Revenue Refunding Bonds, Series A, 5.25%, 2/15/17 (e) 2,000 1,995,880
------------------------------------------------------------------------------------------------------------
New York City, New York, City Housing Development Corporation, M/F Housing
Revenue Bonds, AMT, Series C, 5%, 11/01/26 1,250 1,030,100
------------------------------------------------------------------------------------------------------------
New York City, New York, City Housing Development Corporation, M/F Housing
Revenue Bonds, AMT, Series C, 5.05%, 11/01/36 2,000 1,550,400
------------------------------------------------------------------------------------------------------------
New York City, New York, City Housing Development Corporation, M/F Housing
Revenue Bonds, AMT, Series H-1, 4.70%, 11/01/40 1,000 674,500
------------------------------------------------------------------------------------------------------------
New York City, New York, City Housing Development Corporation, M/F Housing
Revenue Bonds, AMT, Series H-2, 5.125%, 11/01/34 2,340 1,813,804
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, Civic Facility Revenue Refunding Bonds
(Nightingale-Bamford School), 5.25%, 1/15/17 (f) 1,200 1,217,208
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, IDR (Japan Airlines Company), AMT,
6%, 11/01/15 (c) 9,640 9,757,030
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball
Stadium Project), 5%, 1/01/31 (f) 4,000 3,186,480
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball
Stadium Project), 5%, 1/01/36 (f) 12,740 9,701,128
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball
Stadium Project), 5%, 1/01/39 (f) 4,500 3,380,670
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Queens Baseball
Stadium Project), 5%, 1/01/46 (f) 7,800 5,681,520
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium
Project), 5%, 3/01/36 (e) 3,950 3,005,634
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, PILOT Revenue Bonds (Yankee Stadium
Project), 5%, 3/01/46 (d) 12,250 8,856,995
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, Parking Facility Revenue Bonds (Royal
Charter Properties Inc.-The New York and Pennsylvania Hospital
Leasehold Project), 5.75%, 12/15/29 (c) 7,965 7,975,036
------------------------------------------------------------------------------------------------------------
New York City, New York, City IDA, Special Facility Revenue Refunding Bonds
(Terminal One Group Association Project), AMT, 5.50%, 1/01/24 1,500 1,349,400
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series A, 5.75%, 6/15/11 (a)(e) 23,000 25,128,190
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series A, 4.25%, 6/15/33 1,000 781,140
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series A, 4.25%, 6/15/39 (c) 2,900 2,172,941
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System Revenue Bonds, Series A, 5.75%, 6/15/40 1,400 1,404,340
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series A, 5.125%, 6/15/34 (e) 1,250 1,169,800
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series A, 5%, 6/15/35 (f) $ 3,500 $ 3,109,995
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series C, 5%, 6/15/35 (e) 1,000 916,270
------------------------------------------------------------------------------------------------------------
New York City, New York, City Municipal Water Finance Authority, Water and
Sewer System, Revenue Refunding Bonds, Series F, 5%, 6/15/29 (c) 500 475,340
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Building Aid
Revenue Bonds, Series S-1, 5.50%, 7/15/38 4,000 3,847,200
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Building Aid
Revenue Bonds, Series S-2, 4.25%, 1/15/34 (d)(e) 4,830 3,490,448
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Building Aid
Revenue Bonds, Series S-2, 5%, 1/15/37 (c)(d) 3,750 3,403,425
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Building Aid
Revenue Refunding Bonds, Series S-1, 4.50%, 1/15/38 1,760 1,350,096
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured Revenue Bonds, Series B, 5.50%, 2/01/12 (e) 1,145 1,212,131
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured Revenue Bonds, Series B, 5.50%, 2/01/13 (e) 805 847,729
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured Revenue Bonds, Series B, 6.25%, 11/15/18 (d) 6,405 6,895,303
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured Revenue Bonds, Series C, 5%, 2/01/33 (d) 16,200 14,939,802
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured Revenue Bonds, Series E, 5.25%, 2/01/22 (e) 2,500 2,517,500
------------------------------------------------------------------------------------------------------------
New York City, New York, City Transitional Finance Authority, Future Tax
Secured, Revenue Refunding Bonds, Series A, 5%, 11/15/26 (d) 1,000 954,350
------------------------------------------------------------------------------------------------------------
New York City, New York, GO, Refunding, Series A, 6.25%, 5/15/26 (c) 3,700 3,927,402
------------------------------------------------------------------------------------------------------------
New York City, New York, GO, Series B, 5.75%, 8/01/13 (e) 2,280 2,402,390
------------------------------------------------------------------------------------------------------------
New York City, New York, GO, VRDN, Sub-Series A-6, 1.50%,
11/01/26 (c)(g)(h) 375 375,000
------------------------------------------------------------------------------------------------------------
New York City, New York, IDA, Civic Facility Revenue Refunding Bonds
(Polytechnic University), 5.25%, 11/01/37 (i) 2,160 1,521,590
------------------------------------------------------------------------------------------------------------
New York City, New York, Sales Tax Asset Receivable Corporation Revenue
Bonds, DRIVERS, Series 1438Z, 8.058%, 10/15/12 (f)(g) 1,250 1,210,200
------------------------------------------------------------------------------------------------------------
New York City, New York, Sales Tax Asset Receivable Corporation Revenue
Bonds, Series A, 5%, 10/15/32 (f) 14,175 13,363,907
------------------------------------------------------------------------------------------------------------
New York City, New York, Trust for Cultural Resources, Revenue Refunding
Bonds (American Museum of Natural History), Series A, 5%, 7/01/36 (e) 3,800 3,456,594
------------------------------------------------------------------------------------------------------------
New York Convention Center Development Corporation, New York, Revenue Bonds
(Hotel Unit Fee Secured), 5%, 11/15/30 (f) 2,100 1,775,361
------------------------------------------------------------------------------------------------------------
New York Convention Center Development Corporation, New York, Revenue Bonds
(Hotel Unit Fee Secured), 5%, 11/15/35 (f) 21,000 17,694,390
------------------------------------------------------------------------------------------------------------
New York Convention Center Development Corporation, New York, Revenue Bonds
(Hotel Unit Fee Secured), 5%, 11/15/44 (f) 2,055 1,669,564
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Hospital Revenue Refunding Bonds
(New York and Presbyterian Hospital), 5.50%, 8/01/11 (f)(j) $ 1,000 $ 1,042,640
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Hospital Revenue Refunding Bonds
(North General Hospital), 5.75%, 2/15/17 (k) 2,000 2,061,540
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Lease Revenue Bonds (Municipal Health
Facilities Improvement Program), Series 1, 5.50%, 1/15/14 (c) 1,535 1,612,471
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Lease Revenue Bonds (Office Facilities
Audit and Control), 5.50%, 4/01/23 (e) 645 647,477
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Lease Revenue Bonds (State University
Dormitory Facilities), 5%, 7/01/37 (f) 1,000 917,550
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt, Lease Revenue
Bonds (Municipal Health Facilities Improvement Program), Sub-Series 2-5,
5%, 1/15/32 3,300 2,893,605
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds
(School District Financing Program), Series A, 5%, 10/01/35 (c) 450 402,957
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds
(School District Financing Program), Series C, 5%, 10/01/37 (c) 2,500 2,221,275
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt, Revenue
Refunding Bonds (Mount Sinai School of Medicine of New York University),
5%, 7/01/35 (e) 2,100 1,771,182
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt, Revenue
Refunding Bonds (School District Financing Program), Series A,
5%, 10/01/35 (c) 5,000 4,477,300
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (853 Schools Program),
Issue 2, Series E, 5.75%, 7/01/19 (f) 1,340 1,371,892
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (Cooper Union of Advance
Science), 6.25%, 7/01/09 (a)(e) 1,200 1,248,840
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (Gustavus Adolphus Child &
Family Services, Inc.), Series B, 5.50%, 7/01/18 (f) 2,058 2,103,379
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (New York State
Rehabilitation Association), Series A, 5.25%, 7/01/19 (l) 1,180 1,194,325
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (New York State
Rehabilitation Association), Series A, 5.125%, 7/01/23 (l) 1,000 979,840
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (Pace University),
6%, 7/01/10 (a)(e) 5,345 5,763,407
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (Saint Barnabas Hospital),
5.45%, 8/01/35 (f)(j) 2,150 1,910,124
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (School Districts
Financing Program), Series D, 5%, 10/01/30 (e) 1,240 1,122,200
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority Revenue Bonds (School Districts
Financing Program), Series E, 5.75%, 10/01/30 (e) 6,900 6,908,832
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Revenue Refunding Bonds (Saint Charles
Hospital and Rehabilitation Center), Series A, 5.625%, 7/01/12 (e) 3,400 3,453,142
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Revenue Refunding Bonds (School
District Financing Program), Series I, 5.75%, 10/01/18 (e) $ 1,370 $ 1,459,310
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, State Personal Income Tax Revenue Bonds
(Education), Series B, 5.75%, 3/15/36 5,000 5,045,950
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, State Supported Debt Revenue Bonds
(Mental Health Services Facilities), AMT, Series C, 5.40%, 2/15/33 (c) 5,650 4,474,292
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, State Supported Debt Revenue Bonds
(Mental Health Services Facilities), Series B, 5%, 2/15/33 (c) 4,650 4,152,218
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental
Health Facilities), Series B, 5.25%, 2/15/14 (a) 1,550 1,733,365
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Supported Debt Revenue Bonds (Mental
Health Facilities), Series D, 5.875%, 8/15/10 (a)(c) 1,060 1,135,536
------------------------------------------------------------------------------------------------------------
New York State Energy Research and Development Authority, Gas Facilities
Revenue Refunding Bonds (Brooklyn Union Gas Company/Keyspan), AMT,
Series A, 4.70%, 2/01/24 (d) 15,590 11,863,834
------------------------------------------------------------------------------------------------------------
New York State Energy Research and Development Authority, PCR, Refunding
(Central Hudson Gas and Electric), Series A, 5.45%, 8/01/27 (f) 6,000 5,841,900
------------------------------------------------------------------------------------------------------------
New York State Environmental Facilities Corporation, Water Facilities
Revenue Bonds (Long Island Water Corp. Project), AMT, Series A,
4.90%, 10/01/34 (e) 6,000 4,127,220
------------------------------------------------------------------------------------------------------------
New York State Environmental Facilities Corporation, Water Facilities
Revenue Refunding Bonds (Spring Valley Water Company), Series B,
6.15%, 8/01/24 (f) 4,400 4,407,172
------------------------------------------------------------------------------------------------------------
New York State, HFA, Housing Revenue Bonds (Tri-Senior Development
Project), AMT, Series A, 5.40%, 11/15/42 (m) 2,400 1,881,528
------------------------------------------------------------------------------------------------------------
New York State, HFA, M/F Housing Revenue Bonds (Saint Philips Housing),
AMT, Series A, 4.65%, 11/15/38 (m) 3,250 2,517,093
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, AMT,
Series 143, 4.90%, 10/01/37 1,000 717,050
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, AMT,
Series 145, 5.125%, 10/01/37 1,000 762,880
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
AMT, Series 67, 5.70%, 10/01/17 (e) 2,140 2,139,807
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
AMT, Series 133, 4.95%, 10/01/21 1,500 1,301,850
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
AMT, Series 143, 4.85%, 10/01/27 (e) 2,000 1,567,600
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency, Homeowner Mortgage Revenue Refunding Bonds,
Series 83, 5.55%, 10/01/27 (e) 2,100 2,014,593
------------------------------------------------------------------------------------------------------------
New York State Mortgage Agency Revenue Refunding Bonds, AMT, Series 82,
5.65%, 4/01/30 (e) 1,035 1,003,039
------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, General Revenue Bonds, Series F,
5%, 1/01/30 (f) 5,000 4,666,300
------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, General Revenue Refunding Bonds,
Series G, 4.75%, 1/01/29 (c) 2,000 1,803,100
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, General Revenue Refunding Bonds,
Series G, 4.75%, 1/01/30 (c) $ 1,000 $ 894,380
------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, General Revenue Refunding Bonds,
Series H, 5%, 1/01/37 (c)(d) 8,500 7,660,030
------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, Highway and Bridge Trust Fund, Second
Generation Revenue Bonds, Series B, 5%, 4/01/27 1,000 945,940
------------------------------------------------------------------------------------------------------------
New York State Thruway Authority, Second General Highway and Bridge Trust
Fund Revenue Bonds, Series A, 5%, 4/01/26 (f) 8,700 8,320,158
------------------------------------------------------------------------------------------------------------
New York State Urban Development Corporation, Personal Income Tax Revenue
Bonds, Series C-1, 5%, 3/15/13 (a)(e) 3,000 3,313,470
------------------------------------------------------------------------------------------------------------
New York State Urban Development Corporation, Personal Income Tax Revenue
Bonds (State Facilities), Series A-1, 5%, 3/15/29 (d)(e) 2,000 1,890,140
------------------------------------------------------------------------------------------------------------
Oneida-Herkimer, New York, Solid Waste Management Authority, Solid Waste
Revenue Refunding Bonds, 5.50%, 4/01/13 (c) 1,800 1,945,260
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Consolidated Revenue Bonds,
AMT, 141st Series, 4.50%, 9/01/35 (l) 1,000 672,650
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 6.25%, 12/01/11 (e) 3,000 3,024,690
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 6.25%, 12/01/15 (e) 7,830 7,466,610
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 5.90%, 12/01/17 (e) 7,000 6,474,160
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Special Obligation Revenue Bonds
(JFK International Air Terminal LLC), AMT, Series 6, 5.75%, 12/01/22 (e) 26,725 22,466,906
------------------------------------------------------------------------------------------------------------
Rensselaer County, New York, IDA, Civic Facility Revenue Bonds (Rensselaer
Polytechnic Institute), 5%, 3/01/36 1,850 1,585,432
------------------------------------------------------------------------------------------------------------
Rochester, New York, Housing Authority, Mortgage Revenue Bonds (Andrews
Terrace Apartments Project), AMT, 4.70%, 12/20/38 (n) 1,250 851,838
------------------------------------------------------------------------------------------------------------
Schenectady, New York, IDA, Civic Facility Revenue Bonds (Union College
Project), Series A, 5.45%, 12/01/09 (a)(f) 5,000 5,316,950
------------------------------------------------------------------------------------------------------------
Schenectady, New York, IDA, Civic Facility Revenue Refunding Bonds (Union
College Project), Series A, 5.625%, 7/01/11 (a)(f) 3,000 3,330,270
------------------------------------------------------------------------------------------------------------
Suffolk County, New York, IDA, IDR (Keyspan-Port Jefferson), AMT,
5.25%, 6/01/27 4,355 3,354,090
------------------------------------------------------------------------------------------------------------
Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue
Refunding Bonds (Ogden Martin System Huntington Project), AMT,
6%, 10/01/10 (f) 4,660 4,727,570
------------------------------------------------------------------------------------------------------------
Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue
Refunding Bonds (Ogden Martin System Huntington Project), AMT,
6.15%, 10/01/11 (f) 5,000 5,092,800
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
Suffolk County, New York, IDA, Solid Waste Disposal Facility, Revenue
Refunding Bonds (Ogden Martin System Huntington Project), AMT,
6.25%, 10/01/12 (f) $ 3,530 $ 3,595,799
------------------------------------------------------------------------------------------------------------
Syracuse, New York, IDA, PILOT Revenue Bonds (Carousel Center Project),
AMT, Series A, 5%, 1/01/36 (k) 10,000 6,886,300
------------------------------------------------------------------------------------------------------------
Tobacco Settlement Financing Corporation of New York Revenue Bonds,
Series A-1, 5.25%, 6/01/20 (f) 5,000 4,865,350
------------------------------------------------------------------------------------------------------------
Tobacco Settlement Financing Corporation of New York Revenue Bonds,
Series A-1, 5.25%, 6/01/21 (f) 13,275 12,745,726
------------------------------------------------------------------------------------------------------------
Tobacco Settlement Financing Corporation of New York Revenue Bonds,
Series A-1, 5.25%, 6/01/22 (f) 2,000 1,897,940
------------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue
Bonds, 5%, 11/15/28 (f) 2,465 2,316,706
------------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Subordinate Revenue
Bonds, Series A, 5.25%, 11/15/30 (e) 6,000 5,758,260
------------------------------------------------------------------------------------------------------------
Westchester County, New York, IDA, Civic Facility Revenue Bonds (Purchase
College Foundation Housing Project), Series A, 5.75%, 12/01/31 (f) 7,000 6,834,310
------------------------------------------------------------------------------------------------------------
Yonkers, New York, GO, Series A, 5.75%, 10/01/10 (d) 1,795 1,942,585
-------------
500,150,663
-----------------------------------------------------------------------------------------------------------------------------------
Guam - 1.1% A.B. Won Guam International Airport Authority, General Revenue Refunding
Bonds, AMT, Series C, 5.25%, 10/01/21 (e) 3,700 3,127,721
------------------------------------------------------------------------------------------------------------
A.B. Won Guam International Airport Authority, General Revenue Refunding
Bonds, AMT, Series C, 5.25%, 10/01/22 (e) 1,050 871,300
-------------
3,999,021
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico - 16.3% Puerto Rico Commonwealth Aqueduct and Sewer Authority, Senior Lien Revenue
Bonds, Series A, 5.125%, 7/01/47 (o) 9,950 8,281,584
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth, GO, Refunding, Sub-Series C-7, 6%, 7/01/27 (e) 2,000 1,812,880
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth, GO, Refunding, Sub-Series C-7, 6%, 7/01/28 (e) 4,000 3,608,160
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Highway
Revenue Refunding Bonds, Series CC, 5.50%, 7/01/31 (c) 4,000 3,735,360
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Highway
Revenue Refunding Bonds, Series CC, 5.25%, 7/01/33 (c) 1,000 892,390
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Highway
Revenue Refunding Bonds, Series CC, 5.25%, 7/01/34 (c) 3,895 3,459,461
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority, Highway
Revenue Refunding Bonds, Series CC, 5.25%, 7/01/36 (c) 5,500 4,839,505
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority,
Transportation Revenue Bonds, 5.25%, 7/01/17 (d) 4,800 4,511,664
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Highway and Transportation Authority,
Transportation Revenue Refunding Bonds, Series D, 5.75%, 7/01/12 (a) 10,000 11,004,700
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Par
Municipal Bonds (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
and Capital Appreciation Revenue Bonds, Series A, 4.62%, 7/01/31 (d)(p) $10,280 $ 1,930,687
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
and Capital Appreciation Revenue Bonds, Series A, 4.66%, 7/01/33 (d)(p) 5,500 887,865
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
and Capital Appreciation Revenue Bonds, Series A, 4.66%, 7/01/34 (f)(p) 9,300 1,386,165
------------------------------------------------------------------------------------------------------------
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax
and Capital Appreciation Revenue Bonds, Series A, 4.67%, 7/01/37 (f)(p) 2,200 262,834
------------------------------------------------------------------------------------------------------------
Puerto Rico Convention Center District Authority, Hotel Occupancy Tax
Revenue Bonds, Series A, 5%, 7/01/31 (f) 3,270 2,532,942
------------------------------------------------------------------------------------------------------------
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series NN,
5.125%, 7/01/13 (a) 940 1,043,804
------------------------------------------------------------------------------------------------------------
Puerto Rico Housing Financing Authority, Capital Funding Program,
Subordinate Revenue Refunding Bonds, 5.125%, 12/01/27 4,000 3,695,800
------------------------------------------------------------------------------------------------------------
Puerto Rico Municipal Finance Agency, GO, Series A, 5%, 8/01/30 (c) 2,000 1,709,420
------------------------------------------------------------------------------------------------------------
Puerto Rico Public Buildings Authority, Government Facilities Revenue
Refunding Bonds, Series M-3, 6%, 7/01/28 (e)(q) 2,500 2,255,100
--------------
57,850,321
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds - 158.0% 562,000,005
-----------------------------------------------------------------------------------------------------------------------------------
Municipal Bonds Transferred to
Tender Option Bond Trusts (r)
-----------------------------------------------------------------------------------------------------------------------------------
New York - 23.0% Erie County, New York, IDA, School Facility Revenue Bonds (City of Buffalo
Project), 5.75%, 5/01/24 (c) 4,158 4,213,047
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Revenue
Bonds, Series A, 5%, 11/15/31 (e) 7,000 6,047,370
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5%, 11/15/30 (c) 5,008 4,350,727
------------------------------------------------------------------------------------------------------------
Metropolitan Transportation Authority, New York, Revenue Refunding Bonds,
Series A, 5.75%, 11/15/32 (c) 29,000 27,519,840
------------------------------------------------------------------------------------------------------------
New York City, New York, GO, Series J, 5%, 5/15/23 6,800 6,461,088
------------------------------------------------------------------------------------------------------------
New York City, New York, Sales Tax Asset Receivable Corporation Revenue
Bonds, Series A, 5%, 10/15/32 (f) 7,000 6,888,560
------------------------------------------------------------------------------------------------------------
New York State Dormitory Authority, Non-State Supported Debt Revenue Bonds
(New York University), Series A, 5%, 07/01/38 5,498 4,921,923
------------------------------------------------------------------------------------------------------------
Port Authority of New York and New Jersey, Consolidated Revenue Bonds,
AMT, 137th Series, 5.125%, 7/15/30 (c) 2,500 2,036,000
------------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
5.25%, 11/15/23 (e) 12,000 11,913,840
------------------------------------------------------------------------------------------------------------
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(Percentages shown are based on Net Assets)
Municipal Bonds Transferred to Par
Tender Option Bond Trusts (r) (000) Value
-----------------------------------------------------------------------------------------------------------------------------------
Triborough Bridge and Tunnel Authority, New York, Revenue Refunding Bonds,
5%, 11/15/32 (e) $ 8,309 $ 7,553,590
-----------------------------------------------------------------------------------------------------------------------------------
Total Municipal Bonds Transferred to
Tender Option Bond Trusts - 23.0% 81,905,985
-----------------------------------------------------------------------------------------------------------------------------------
Total Long-Term Investments
(Cost - $718,193,760) - 181.0% 643,905,990
-----------------------------------------------------------------------------------------------------------------------------------
Short-Term Securities Shares
-----------------------------------------------------------------------------------------------------------------------------------
CMA New York Municipal Money Fund, 0.69% (s)(t) 13,013,780 13,013,780
-----------------------------------------------------------------------------------------------------------------------------------
Total Short-Term Securities
(Cost - $13,013,780) - 3.7% 13,013,780
-----------------------------------------------------------------------------------------------------------------------------------
Total Investments (Cost - $731,207,540*) - 184.7% 656,919,770
Other Assets Less Liabilities - 2.5% 9,004,149
Liability for Trust Certificates, Including
Interest Expense and Fees Payable - (16.1)% (57,268,061)
Preferred Shares, at Redemption Value - (71.1)% (252,959,040)
--------------
Net Assets Applicable to Common Shares - 100.0% $ 355,696,818
==============
* The cost and unrealized appreciation (depreciation) of investments as of
November 30, 2008, as computed for federal income tax purposes, were as
follows:
Aggregate cost $ 675,971,369
=============
Gross unrealized appreciation $ 6,297,730
Gross unrealized depreciation (82,492,054)
-------------
Net unrealized depreciation $ (76,194,324)
=============
(a) U.S. government securities, held in escrow, are used to pay interest on
this security as well as to retire the bond in full at the date indicated,
typically at a premium to par.
(b) Radian Insured.
(c) FSA Insured.
(d) FGIC Insured.
(e) MBIA Insured.
(f) AMBAC Insured.
(g) Variable rate security. Rate shown is as of report date. Maturity shown is
the final maturity date.
(h) Security may have a maturity of more than one year at the time of
issuance, but has variable rate and demand features that qualify it as a
short-term security.
(i) ACA Insured.
(j) FHA Insured.
(k) XL Capital Insured.
(l) CIFG Insured.
(m) FNMA Collateralized.
(n) GNMA Collateralized.
(o) Assured Guaranty Insured.
(p) Represents a zero-coupon bond. Rate shown reflects the effective yield at
the time of purchase.
(q) Commonwealth Guaranteed.
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
(r) Securities represent bonds transferred to a tender option bond trust in
exchange for which the Fund acquired residual interest certificates. These
securities serve as collateral in a financing transaction.
(s) Investments in companies considered to be an affiliate of the Fund, for
purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as
follows:
--------------------------------------------------------------------------
Affiliate Net Activity Income
--------------------------------------------------------------------------
CMA New York Municipal Money Fund 9,544,307 $ 63,753
--------------------------------------------------------------------------
(t) Represents the current yield as of report date.
BlackRock MuniHoldings New York Insured Fund, Inc.
Schedule of Investments November 30, 2008 (Unaudited)
o Effective September 1, 2008, the Fund adopted Financial Accounting
Standards Board Statement of Financial Accounting Standards No. 157, "Fair
Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair
value, establishes a framework for measuring fair values and requires
additional disclosures about the use of fair value measurements. Various
inputs are used in determining the fair value of investments, which are as
follows:
o Level 1 - price quotations in active markets/exchanges for
identical securities
o Level 2 - other observable inputs (including, but not limited
to: quoted prices for similar assets or liabilities in markets
that are not active, inputs other than quoted prices that are
observable for the assets or liabilities (such as interest
rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks, and default rates) or other
market-corroborated inputs)
o Level 3 - unobservable inputs based on the best information
available in the circumstance, to the extent observable inputs
are not available (including the Fund's own assumption used in
determining the fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an
indication of the risk associated with investing in those securities. For
information about the Fund's policy regarding valuation of investments and other
significant accounting policies, please refer to the Fund's most recent
financial statements as contained in its annual report.
The following table summarizes the inputs used as of November 30, 2008 in
determining the fair valuation of the Fund's investments:
--------------------------------------------------------------------------------
Valuation Investments in
Inputs Securities
--------------------------------------------------------------------------------
Level 1 $ 13,013,780
Level 2 643,905,990
Level 3 --
------------
Total $656,919,770
============
Item 2 - Controls and Procedures
2(a) - The registrant's principal executive and principal financial
officers or persons performing similar functions have concluded that
the registrant's disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940, as amended
(the "1940 Act")) are effective as of a date within 90 days of the
filing of this report based on the evaluation of these controls and
procedures required by Rule 30a-3(b) under the 1940 Act and Rule
13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) - There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940 Act)
that occurred during the registrant's last fiscal quarter that have
materially affected, or are 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.
BlackRock MuniHoldings New York Insured Fund, Inc.
By: /s/ Donald C. Burke
-------------------
Donald C. Burke
Chief Executive Officer of
BlackRock MuniHoldings New York Insured Fund, Inc.
Date: January 20, 2009
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/ Donald C. Burke
-------------------
Donald C. Burke
Chief Executive Officer (principal executive officer) of
BlackRock MuniHoldings New York Insured Fund, Inc.
Date: January 20, 2009
By: /s/ Neal J. Andrews
-------------------
Neal J. Andrews
Chief Financial Officer (principal financial officer) of
BlackRock MuniHoldings New York Insured Fund, Inc.
Date: January 20, 2009