Merrill's Kuller to discuss effect on housing bonds of Mutual Benefit's fall.

Kurt van Kuller, a vice president at Merrill Lynch & Co., on Friday will discuss the effects of the Mutual Benefit Life Insurance Co. debacle on housing bonds.

The talke will take place at the Downtown Athletic Club in Manhattan, during a luncheon meeting of the Municipal Analysts Group of New York.

Mr. van Kuller yesterday said his speech will consist of "a brief overview of some major new developments in the housing bond sector, as well as some more in-depth discussion of the Mutual Benefit crisis."

The analysts also said that of the 47 bond issues involved in the crisis, he has studied more than half. "I'm touching on a few major new bond redemption trends, some major new very significant upgrades, and some other events."

The event is scheduled to begin with cocktails at noon, followed by lunch at 12:30, and the presentation by Mr. van Kuller at about 1:15. The cost of admittance is $25 for members of the group and $30 for nonmembers. To reserve a spot, call Amelia at 212-612-4098.

Last week, the municipal analysts also released a slate of other speakers, including William J. Cibes Jr., secretary of the Connecticut Office of Policy and Management, on Oct. 11; David Hitchcock, a Standard & Poor's Corp. analyst, who on Nov. 1 will discuss special district bonds; and Massachusetts Treasurer and Receiver General Joseph D. Malone, scheduled to appear Nov. 22.

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