EXHIBIT (a)(5)



                         MUNIYIELD INSURED FUND, INC.
                Articles Supplementary creating five series of

                        Auction Market Preferred Stock*

     MUNIYIELD INSURED FUND, INC., a Maryland corporation having its principal
Maryland office in the City of Baltimore (the "Corporation"), certifies to the
Maryland State Department of Assessments and Taxation that:

     FIRST: Pursuant to authority expressly vested in the Board of Directors
of the Corporation by Article FIFTH of its Charter, the Board of Directors has
reclassified 6,400 authorized and unissued shares of common stock of the
Corporation as additional preferred stock of the Corporation and has
authorized the issuance of preferred stock, par value $.10 per share,
liquidation preference $50,000 per share plus an amount equal to accumulated
but unpaid dividends (whether or not earned or declared) thereon, to be
designated Auction Market Preferred Stock.

     SECOND: The preferences, voting powers, restrictions, limitations as to
dividends, qualifications, and terms and conditions of redemption, of the
shares of such preferred stock shall be identical to the 6,400 shares of
Auction Market Preferred Stock previously reclassified and authorized by the
Board of Directors pursuant to Articles Supplementary dated May 18, 1992 and
filed on May 19, 1992 with the Maryland State Department of Assessments and
Taxation. Accordingly, these Articles Supplementary hereby incorporate by
reference such previously filed Articles Supplementary beginning with the
section entitled "DESIGNATION" and continuing until the end of the final
section entitled "Securities Depository; Stock Certificates," with the
following exception:





     At page 2, in the section entitled "DESIGNATION," strike out the date
"May 22, 1992" and insert in lieu thereof the date "Dec. 1, 1994";

     IN WITNESS WHEREOF, MUNIYIELD INSURED FUND, INC. has caused these
presents to be signed in its name and on its behalf by a duly authorized
officer, and attested by its Secretary, and the said officers of the
Corporation further acknowledge said instrument to be the corporate act of the
Corporation, and state under the penalties of perjury that to the best of
their knowledge, information and belief the matters and facts herein set forth
with respect to approval are true in all material respects, all on Nov. 30,
1994.

                                    MUNIYELD INSURED FUND, INC.



                                    By:  /s/ Vincent R. Giordano
                                         -----------------------------------
                                         Name:   Vincent R. Giordano
                                         Title:  Senior Vice President

Attest:

/s/ Mark B. Goldfus
-------------------------------
Name:  Mark B. Goldfus
Its:   Secretary


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* Registered trademark of Merrill Lynch & Co., Inc.


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