A book better than Wilson White's new Municipal Bond Investment Advisor, Tax-Exempt Investing for High-Bracket Individuals (Probus Publishing, 268, pp., $24.95) for new retail investors in municipal bonds has not been written.

Mr. White, a "special situations" man and currently a consultant with Barre & Co., made a splash in 1985 with his book. Basics, which walked the reader through a competitive deal. His virtues, then and now, are a colloquial writing style and real attention to making his meaning explicit for the reader.

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