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 811-7080
Name of Fund: MuniYield Michigan Insured Fund, Inc.
Fund Address: P.O. Box 9011
Princeton, NJ 08543-9011
Name and address of agent for service: Robert C. Doll, Jr., Chief Executive
Officer, MuniYield Michigan 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: 10/31/2006
Date of reporting period: 05/01/06 - 07/31/06
Item 1 - Schedule of Investments
MuniYield Michigan Insured Fund, Inc.
Schedule of Investments as of July 31, 2006 (in Thousands)
Face
Amount Municipal Bonds Value
Michigan - 151.8% $ 2,000 Adrian, Michigan, City School District, GO, 5% due 5/01/2029 (d) $ 2,059
1,600 Adrian, Michigan, City School District, GO, 5% due 5/01/2034 (d) 1,643
1,000 Allegan, Michigan, Public School District, GO, 5.75% due 5/01/2010 (d)(e) 1,067
1,000 Ann Arbor, Michigan, Public School District, School Building and Site, GO, 5%
due 5/01/2027 1,032
3,725 Bay City, Michigan, School District, School Building & Site, GO, 5% due 5/01/2031 (d) 3,853
1,000 Birmingham, Michigan, City School District, School Building and Site, GO, 5% due
11/01/2033 (d) 1,031
1,000 Central Montcalm, Michigan, Public Schools, GO, 5.90% due 5/01/2009 (b)(e) 1,055
1,500 Delta County, Michigan, Economic Development Corporation, Environmental Improvement
Revenue Refunding Bonds (Mead Westvaco-Escanaba), AMT, Series B, 6.45% due 4/15/2012 (e) 1,659
2,000 Delta County, Michigan, Economic Development Corporation, Environmental Improvement
Revenue Refunding Bonds (Mead Westvaco-Escanaba), Series A, 6.25% due 4/15/2012 (e) 2,243
3,000 Detroit, Michigan, City School District, GO (School Building and Site Improvement),
Refunding, Series A, 5% due 5/01/2021 (d) 3,127
1,000 Detroit, Michigan, City School District, GO (School Building and Site Improvement),
Series A, 5.50% due 5/01/2012 (d)(e) 1,084
2,300 Detroit, Michigan, City School District, GO (School Building and Site Improvement),
Series A, 5.375% due 5/01/2013 (c)(e) 2,499
3,100 Detroit, Michigan, City School District, GO (School Building and Site Improvement),
Series B, 5% due 5/01/2028 (c) 3,166
1,400 Detroit, Michigan, GO, 5.50% due 4/01/2011 (b)(e) 1,500
1,325 Detroit, Michigan, GO, 5.50% due 4/01/2011 (b)(e) 1,420
4,375 Detroit, Michigan, Water Supply System Revenue Bonds, DRIVERS, Series 200, 5.75% due
7/01/2011 (c)(e)(f) 5,202
1,250 Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien, Series A, 5.875%
due 1/01/2010 (c)(e) 1,343
6,900 Detroit, Michigan, Water Supply System Revenue Bonds, Senior Lien, Series A, 5% due
7/01/2034 (b) 7,037
14,790 Detroit, Michigan, Water Supply System Revenue Bonds, Series B, 5.25% due 7/01/2032 (b) 15,990
3,970 Detroit, Michigan, Water Supply System Revenue Bonds, Series B, 5% due 7/01/2034 (b) 4,049
1,415 Detroit, Michigan, Water Supply System, Revenue Refunding Bonds, 6.25% due
7/01/2012 (c)(h) 1,519
Portfolio Abbreviations
To simplify the listings of MuniYield Michigan 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
HDA Housing Development Authority
M/F Multi-Family
RIB Residual Interest Bonds
MuniYield Michigan Insured Fund, Inc.
Schedule of Investments as of July 31, 2006 (concluded) (in Thousands)
Face
Amount Municipal Bonds Value
Michigan $ 3,900 Dickinson County, Michigan, Economic Development Corporation, Environmental
(concluded) Improvement Revenue Refunding Bonds (International Paper Company Project),
Series A, 5.75% due 6/01/2016 $ 4,137
3,100 Dickinson County, Michigan, Healthcare System, Hospital Revenue Refunding Bonds,
5.80% due 11/01/2024 (g) 3,230
1,610 East Grand Rapids, Michigan, Public School District, GO, 5.75% due 5/01/2009 (d)(e) 1,692
1,575 East Grand Rapids, Michigan, Public School District, GO, 5% due 5/01/2031 (d) 1,629
590 Eastern Michigan University, General Revenue Refunding Bonds, 6% due 6/01/2010 (a)(e) 641
435 Eastern Michigan University, General Revenue Refunding Bonds, 6% due 6/01/2020 (a) 470
1,500 Eastern Michigan University Revenue Bonds, Series B, 5.60% due 6/01/2010 (c)(e) 1,595
1,310 Eastern Michigan University Revenue Bonds, Series B, 5.625% due 6/01/2010 (c)(e) 1,394
1,325 Eaton Rapids, Michigan, Public Schools, School Building and Site, GO, 5.25% due
5/01/2020 (d) 1,414
1,675 Eaton Rapids, Michigan, Public Schools, School Building and Site, GO, 5.25% due
5/01/2021 (d) 1,788
1,700 Eaton Rapids, Michigan, Public Schools, School Building and Site, GO, 5% due
5/01/2026 (d) 1,757
3,600 Eaton Rapids, Michigan, Public Schools, School Building and Site, GO, 5% due
5/01/2029 (d) 3,707
615 Flint, Michigan, Hospital Building Authority, Revenue Refunding Bonds (Hurley
Medical Center), Series A, 5.375% due 7/01/2020 (g) 626
1,375 Flint, Michigan, Hospital Building Authority, Revenue Refunding Bonds (Hurley
Medical Center), Series A, 6% due 7/01/2020 (g) 1,474
2,200 Fowlerville, Michigan, Community Schools, School District, GO, 5% due 5/01/2030 (c) 2,264
1,000 Frankenmuth, Michigan, School District, GO, 5.75% due 5/01/2010 (c)(e) 1,067
3,650 Gibraltar, Michigan, School District, School Building and Site, GO, 5% due 5/01/2028 (c) 3,763
1,100 Grand Blanc, Michigan, Community Schools, GO, 5.625% due 5/01/2020 (c) 1,183
600 Grand Rapids, Michigan, Building Authority Revenue Bonds, Series A, 5.50% due
10/01/2012 (a)(e) 654
435 Grand Rapids, Michigan, Building Authority Revenue Bonds, Series A, 5.50% due
10/01/2012 (a)(e) 474
665 Grand Rapids, Michigan, Building Authority Revenue Bonds, Series A, 5.50% due
10/01/2019 (a) 717
900 Grand Rapids, Michigan, Building Authority Revenue Bonds, Series A, 5.50% due
10/01/2020 (a) 971
2,070 Grand Valley, Michigan, State University Revenue Bonds, 5.50% due 2/01/2018 (c) 2,262
8,425 Greater Detroit, Michigan, Resource Recovery Authority Revenue Bonds, DRIVERS,
Series 167, 8.529% due 12/13/2008 (a)(f) 9,335
2,000 Gull Lake, Michigan, Community School District, School Building and Site, GO, 5%
due 5/01/2028 (d) 2,062
3,625 Gull Lake, Michigan, Community School District, School Building and Site, GO, 5%
due 5/01/2030 (d) 3,730
4,775 Harper Woods, Michigan, City School District, School Building and Site, GO, Refunding,
5% due 5/01/2034 (c) 4,904
3,250 Hartland, Michigan, Consolidated School District, GO, 6% due 5/01/2010 (c)(e) 3,497
3,575 Hartland, Michigan, Consolidated School District, GO, 6% due 5/01/2010 (c)(e) 3,847
2,500 Hartland, Michigan, Consolidated School District, GO, 6% due 5/01/2010 (c)(e) 2,690
3,990 Hudsonville, Michigan, Public Schools, School Building and Site, GO, 5% due 5/01/2029 (d) 4,109
1,575 Jenison, Michigan, Public Schools, Building and Site, GO, 5.50% due 5/01/2019 (c) 1,691
650 Kalamazoo, Michigan, Hospital Finance Authority, Hospital Facility Revenue Refunding
Bonds (Bronson Methodist Hospital), 5.50% due 5/15/2008 (b)(e) 676
4,000 Kent, Michigan, Hospital Finance Authority, Hospital Revenue Refunding Bonds
(Butterworth Hospital), Series A, 7.25% due 1/15/2013 (b) 4,462
1,000 Kent, Michigan, Hospital Finance Authority Revenue Bonds (Spectrum Health), Series A,
5.50% due 7/15/2011 (b)(e) 1,081
3,000 Kent, Michigan, Hospital Finance Authority Revenue Bonds (Spectrum Health), Series A,
5.50% due 7/15/2011 (b)(e) 3,244
1,510 Lansing, Michigan, Building Authority, GO, Series A, 5.375% due 6/01/2023 (b) 1,614
1,015 Lowell, Michigan, Area Schools, GO, Refunding, 5% due 5/01/2024 (b) 1,056
1,875 Michigan Higher Education Facilities Authority, Limited Obligation Revenue Bonds
(Hillsdale College Project), 5% due 3/01/2035 1,897
2,250 Michigan Higher Education Facilities Authority, Limited Obligation Revenue Refunding
Bonds (Hope College), Series A, 5.90% due 4/01/2032 2,344
1,235 Michigan Higher Education Facilities Authority, Revenue Refunding Bonds (College
for Creative Studies), 5.85% due 12/01/2022 1,300
1,145 Michigan Higher Education Facilities Authority, Revenue Refunding Bonds (College
for Creative Studies), 5.90% due 12/01/2027 1,199
2,500 Michigan Higher Education Student Loan Authority, Student Loan Revenue Bonds, AMT,
Series XVII-B, 5.40% due 6/01/2018 (a) 2,557
1,065 Michigan Municipal Bond Authority Revenue Bonds (Local Government Loan Program),
Group A, 5.50% due 11/01/2020 (a) 1,129
150 Michigan Municipal Bond Authority, Revenue Refunding Bonds (Local Government Loan
Program), Series A, 6.50% due 11/01/2012 (b) 150
1,000 Michigan Municipal Bond Authority, Revenue Refunding Bonds (Local Government Loan
Program), Series A, 6% due 12/01/2013 (c) 1,007
7,000 Michigan Municipal Bond Authority, Revenue Refunding Bonds (Local Government Loan
Program), Series A, 6.125% due 12/01/2018 (c) 7,052
2,500 Michigan State Building Authority, Revenue Refunding Bonds (Facilities Program),
Series I, 5.50% due 10/15/2018 (b) 2,674
3,500 Michigan State Building Authority, Revenue Refunding Bonds (Facilities Program),
Series II, 5% due 10/15/2029 (b) 3,598
2,500 Michigan State Building Authority, Revenue Refunding Bonds (Facilities Program),
Series II, 5% due 10/15/2033 (a) 2,584
11,140 Michigan State Building Authority, Revenue Refunding Bonds, RIB, Series 517X, 7.09%
due 10/15/2010 (d)(f) 12,732
3,000 Michigan State COP, 5.50% due 6/01/2010 (a)(e) 3,174
3,000 Michigan State COP, 5.40% due 6/01/2022 (a)(h)(l) 1,438
4,240 Michigan State, Comprehensive Transportation Revenue Refunding Bonds, 5% due
5/15/2026 (d) 4,413
835 Michigan State, HDA, Rental Housing Revenue Bonds, AMT, Series A, 5.30% due 10/01/2037 (b) 841
2,530 Michigan State Hospital Finance Authority, Hospital Revenue Bonds (Mid-Michigan
Obligation Group), Series A, 5.50% due 4/15/2018 (a) 2,682
2,200 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds
(Crittenton Hospital), Series A, 5.625% due 3/01/2027 2,319
2,000 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds (Sparrow
Obligation Group), 5.625% due 11/15/2031 2,089
8,465 Michigan State Hospital Finance Authority, Revenue Refunding Bonds, 5% due 11/15/2036 (b) 8,695
2,715 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Ascension Health
Credit), Series A, 5.75% due 11/15/2009 (b)(e) 2,901
12,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Ascension Health
Credit), Series A, 6.125% due 11/15/2009 (b)(e) 12,960
2,500 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Ascension Health
Credit), Series A, 6.25% due 11/15/2009 (b)(e) 2,710
5,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford Health
System), Series A, 5.25% due 11/15/2032 5,185
3,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Henry Ford Health
System), Series A, 5% due 11/15/2038 3,029
2,200 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Mercy Health
Services), Series X, 5.75% due 8/15/2009 (b)(e) 2,342
2,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Mercy Health
Services), Series X, 6% due 8/15/2009 (b)(e) 2,147
4,930 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Mercy-Mount
Clemens), Series A, 6% due 5/15/2014 (b) 5,228
3,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Saint John
Hospital), Series A, 6% due 5/15/2013 (a)(h) 3,135
6,400 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Trinity Health),
Series A, 6% due 12/01/2027 (a) 6,924
1,000 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Trinity Health
Credit), Series C, 5.375% due 12/01/2023 1,042
5,255 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Trinity Health
Credit), Series C, 5.375% due 12/01/2030 5,482
3,100 Michigan State Hospital Finance Authority, Revenue Refunding Bonds (Trinity Health
Credit), Series D, 5% due 8/15/2034 3,162
1,000 Michigan State Housing Development Authority, Limited Obligation M/F Housing
Revenue Bonds (Deaconess Towers Apartments), AMT, 5.25% due 2/20/2048 (j) 1,005
10,250 Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit
Edison Company Pollution Control Project), AMT, Series A, 5.55% due 9/01/2029 (b) 10,727
6,000 Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit
Edison Company Pollution Control Project), Series AA, 6.95% due 5/01/2011 (c) 6,759
3,300 Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Detroit
Edison Company Pollution Control Project), Series C, 5.45% due 9/01/2029 3,417
2,175 Michigan State Strategic Fund, Limited Obligation Revenue Refunding Bonds (Dow Chemical
Company Project), AMT, 5.50% due 12/01/2028 2,315
15,000 Monroe County, Michigan, Economic Development Corp., Limited Obligation Revenue
Refunding Bonds (Detroit Edison Co. Project), Series AA, 6.95% due 9/01/2022 (c) 19,198
1,000 Montrose Township, Michigan, School District, GO, 6.20% due 5/01/2017 (b) 1,167
1,830 Muskegon Heights, Michigan, Water System Revenue Bonds, Series A, 5.625% due
11/01/2010 (b)(e) 1,960
235 Northview, Michigan, Public School District, GO, Refunding, 5.80% due 5/01/2021 (b) 238
1,100 Norway Vulcan, Michigan, Area Schools, GO, 5.90% due 5/01/2009 (c)(e) 1,162
1,000 Oak Park, Michigan, Street Improvement, GO, 5% due 5/01/2030 (b) 1,035
5,320 Orchard View, Michigan, Schools, School Building and Site, GO, 5% due 5/01/2029 (b) 5,469
2,425 Oxford, Michigan, Area Community School District, GO, 5.50% due 11/01/2011 (d)(e) 2,617
1,370 Pennfield, Michigan, School District, School Building and Site, GO, 5% due 5/01/2029 (c) 1,411
1,000 Plainwell, Michigan, Community Schools, School District, School Building and Site, GO,
5.50% due 11/01/2012 (d)(e) 1,091
3,905 Plymouth-Canton, Michigan, Community School District, GO, 5% due 5/01/2029 (c) 4,021
700 Pontiac, Michigan, Tax Increment Finance Authority, Revenue Refunding Bonds (Development
Area Number 2), 5.625% due 6/01/2022 (g) 735
1,425 Reed, Michigan, City Public Schools, School Building and Site, GO, 5% due 5/01/2014 (d)(e) 1,525
5,000 Roseville, Michigan, School District, School Building and Site, GO, Refunding, 5%
due 5/01/2031 (d) 5,171
2,500 Saginaw, Michigan, Hospital Finance Authority Revenue Refunding Bonds (Covenant
Medical Center), Series E, 5.625% due 7/01/2013 (b) 2,629
2,100 Saginaw Valley State University, Michigan, General Revenue Refunding Bonds, 5%
due 7/01/2024 (c) 2,178
1,445 Saginaw Valley State University, Michigan, General Revenue Refunding Bonds, 5%
due 7/01/2034 (c) 1,485
8,900 Saint Clair County, Michigan, Economic Revenue Refunding Bonds (Detroit Edison Company),
RIB, Series 282, 8.84% due 8/01/2024 (a)(f) 10,078
1,300 Southfield, Michigan, Library Building Authority, GO, 5.50% due 5/01/2010 (b)(e) 1,376
2,900 Southfield, Michigan, Public Schools, School Building and Site, GO, Series A, 5.25%
due 5/01/2027 (d) 3,060
3,500 Southfield, Michigan, Public Schools, School Building and Site, GO, Series A, 5%
due 5/01/2029 (d) 3,604
1,325 Sparta, Michigan, Area Schools, School Building and Site, GO, 5% due 5/01/2030 (c) 1,363
1,100 Waverly, Michigan, Community School, GO, 5.50% due 5/01/2010 (c)(e) 1,165
10,660 Wayne Charter County, Michigan, Airport Revenue Bonds (Detroit Metropolitan Wayne
County), AMT, Series A, 5.375% due 12/01/2015 (b) 11,015
1,750 Wayne Charter County, Michigan, Detroit Metropolitan Airport, GO, Airport Hotel,
Series A, 5% due 12/01/2030 (b) 1,795
6,910 Wayne County, Michigan, Airport Authority Revenue Bonds, DRIVERS, AMT, Series 1081-Z,
6.51% due 6/01/2013 (b)(f) 7,570
12,260 Wayne County, Michigan, Airport Authority Revenue Bonds (Detroit Metropolitan Wayne
County Airport), AMT, 5% due 12/01/2034 (b) 12,441
1,710 West Bloomfield, Michigan, School District, GO, Refunding, 5.50% due 5/01/2017 (c) 1,836
1,225 West Bloomfield, Michigan, School District, GO, Refunding, 5.50% due 5/01/2018 (c) 1,315
2,405 West Branch-Rose City, Michigan, Area School District, GO, 5.50% due 5/01/2009 (c)(e) 2,512
6,075 Western Michigan University Revenue Bonds, 5% due 11/15/2035 (c) 6,253
1,600 Zeeland, Michigan, Public Schools, School Building and Site, GO, 5% due 5/01/2029 (b) 1,648
Puerto Rico - 5.4% 2,900 Puerto Rico Commonwealth Highway and Transportation Authority, Transportation Revenue
Refunding Bonds, Series K, 5% due 7/01/2040 2,905
11,700 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax and Capital
Appreciation Revenue Bonds, Series A, 4.657% due 7/01/2036 (a)(l) 2,775
1,550 Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax Revenue Bonds,
Series B, 5% due 7/01/2041 1,552
1,270 Puerto Rico Electric Power Authority, Power Revenue Bonds, Trust Receipts, Class R,
Series 16 HH, 7.503% due 7/01/2013 (d)(f) 1,473
2,790 Puerto Rico Municipal Finance Agency Revenue Bonds, Series A, 5% due 8/01/2027 (d) 2,882
1,000 Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds,
Series E, 5.70% due 2/01/2010 (e) 1,063
2,150 University of Puerto Rico, University Revenue Refunding Bonds, Series O, 5.375% due
6/01/2030 (b) 2,159
Total Municipal Bonds (Cost - $412,952) - 157.2% 431,761
Shares
Held Short-Term Securities
5,134 CMA Michigan Municipal Money Fund, 2.96% (i)(k) 5,134
Total Short-Term Securities (Cost - $5,134) - 1.9% 5,134
Total Investments (Cost - $418,086*) - 159.1% 436,895
Other Assets Less Liabilities - 1.0% 2,757
Preferred Stock, at Redemption Value - (60.1%) (165,098)
-----------
Net Assets Applicable to Common Stock - 100.0% $ 274,554
===========
* The cost and unrealized appreciation (depreciation) of investments
as of July 31, 2006, as computed for federal income tax purposes,
were as follows:
Aggregate cost $ 418,112
=====================
Gross unrealized appreciation $ 19,554
Gross unrealized depreciation (771)
---------------------
Net unrealized appreciation $ 18,783
=====================
(a) AMBAC Insured.
(b) MBIA Insured.
(c) FGIC Insured.
(d) FSA Insured.
(e) Prerefunded.
(f) The rate disclosed is that currently in effect. This rate changes
periodically and inversely based upon prevailing market rates.
(g) ACA Insured.
(h) Escrowed to maturity.
(i) 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:
Net Dividend
Affiliate Activity Income
CMA Michigan Municipal Money Fund 4,113 $116
(j) GNMA Collateralized.
(k) Represents the current yield as of July 31, 2006.
(l) Represents a zero coupon bond; the interest rate shown reflects the
effective yield at the time of purchase.
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 Michigan Insured Fund, Inc.
By: /s/ Robert C. Doll, Jr.
-----------------------
Robert C. Doll, Jr.
Chief Executive Officer
MuniYield Michigan Insured Fund, Inc.
Date: September 20, 2006
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.
Chief Executive Officer
MuniYield Michigan Insured Fund, Inc.
Date: September 20, 2006
By: /s/ Donald C. Burke
-----------------------
Donald C. Burke
Chief Financial Officer
MuniYield Michigan Insured Fund, Inc.
Date: September 20, 2006