<Page>

                                                                    EXHIBIT 99.3


           STATEMENTS TO HOLDERS OF MERRILL LYNCH MUNICIPAL ABS, INC.
       PREREFUNDED MUNICIPAL CERTIFICATES, SERIES 1, SERIES 2 AND SERIES 3
         RELATING TO THE DISTRIBUTION DATES OF APRIL 1, 2000, AS AMENDED
                              AND OCTOBER 1, 2000.


<Page>


                                                SERIES 1
                                                CERTIFICATES

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------
                 CERTIFICATE                                                                 INTEREST           PRINCIPAL
    CLASS         MATURITY          CUSIP        CERTIFICATE       CERTIFICATE                AMOUNT             AMOUNT
    NUMBER          DATE            NUMBER          RATE             AMOUNT                    DUE                 DUE
------------------------------------------------------------------------------------------------------------------------------
<S>            <C>             <C>              <C>                <C>                     <C>                  <C>
------------------------------------------------------------------------------------------------------------------------------
      10       04/01/2000      021433 EE3       5.00                      95,000.00                2,375.00         95,000.00
------------------------------------------------------------------------------------------------------------------------------
      11       10/01/2000      021433 EF0       5.00                      95,000.00                2,375.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      12       04/01/2001      021433 EG8       5.00                     100,000.00                2,500.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      13       10/01/2001      021433 EH6       5.00                     100,000.00                2,500.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      14       04/01/2002      021433 EJ2       5.10                     105,000.00                2,677.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      15       10/01/2002      021433 EK9       5.10                     295,000.00                7,522.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      16       04/01/2003      021433 EL7       5.10                     100,000.00                2,550.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      17       10/01/2003      021433 EM5       5.10                     320,000.00                8,160.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      18       04/01/2004      021433 EN3       5.20                      95,000.00                2,470.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      19       10/01/2004      021433 EP8       5.20                     340,000.00                8,840.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      20       04/01/2005      021433 EQ6       5.25                      95,000.00                2,493.75              0.00
------------------------------------------------------------------------------------------------------------------------------
      21       10/01/2005      021433 ER4       5.25                     360,000.00                9,450.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      22       10/01/2008      021433 EX1       5.50                   1,495,000.00 *             41,112.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      23       10/01/2010      021433 FB8       5.60                   1,130,000.00 *             31,640.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      24       10/01/2012      021433 FF9       5.70                   1,200,000.00 *             34,200.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      RI       10/01/2012      021433 FG7       Variable                  80,531.00        Residual -->              4,756.00
------------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                             $6,005,531.00             $160,866.25        $99,756.00
------------------------------------------------------------------------------------------------------------------------------
</Table>

****INFORMATION AS OF 3/31/96
****UNDERLYING BOND-ALTAMONTE SPRINGS FLA AUTHORITY
      13.125% 10/01/12,
$3,910,000

<Page>

                                               SERIES 2
                                               CERTIFICATES

<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------------------
               CERTIFICATE                                                                  INTEREST           PRINCIPAL
    CLASS        MATURITY          CUSIP        CERTIFICATE       CERTIFICATE                AMOUNT             AMOUNT
   NUMBER          DATE           NUMBER           RATE             AMOUNT                    DUE                 DUE
-----------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>               <C>                <C>                     <C>                  <C>
-----------------------------------------------------------------------------------------------------------------------------
     10       04/01/2000     70252B AY9        5.00                     245,000.00                6,125.00        245,000.00
-----------------------------------------------------------------------------------------------------------------------------
     11       10/01/2000     70252B AZ6        5.00                     250,000.00                6,250.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     12       04/01/2001     70252B BA0        5.00                     255,000.00                6,375.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     13       10/01/2001     70252B BB8        5.00                     265,000.00                6,625.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     14       04/01/2002     70252B BC6        5.10                     270,000.00                6,885.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     15       10/01/2002     70252B BD4        5.10                     795,000.00               20,272.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     16       04/01/2003     70252B BE2        5.10                     265,000.00                6,757.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     17       10/01/2003     70252B BF9        5.10                     860,000.00               21,930.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     18       04/01/2004     70252B BG7        5.20                     250,000.00                6,500.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     19       10/01/2004     70252B BH5        5.20                     925,000.00               24,050.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     20       04/01/2005     70252B BJ1        5.25                     240,000.00                6,300.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     21       10/01/2005     70252B BK8        5.25                   1,000,000.00               26,250.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     22       10/01/2008     70252B BP7        5.40                   2,255,000.00 *             60,885.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     23       10/01/2010     70252B BV4        5.60                   5,000,000.00 *            140,000.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     24       10/01/2012     70252B BZ5        5.70                   1,915,000.00 *             54,577.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     RI       10/01/2012     70252B CA9        Variable                 103,882.00        Residual -->              5,025.00
-----------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                           $14,893,882.00             $399,782.50       $250,025.00
-----------------------------------------------------------------------------------------------------------------------------
</Table>

****INFORMATION AS OF 3/31/96
****PASCO COUNTY FLA HEALTH FACILITIES
     13.125% 10/01/12,
$9,850,000



<Page>

                                               SERIES 3 CERTIFICATES

<Table>
<Caption>
-------------------------------------------------------------------------------------------------------------------------------
               CERTIFICATE                                                                     INTEREST             PRINCIPAL
    CLASS        MATURITY          CUSIP        CERTIFICATE        CERTIFICATE                  AMOUNT                AMOUNT
   NUMBER          DATE           NUMBER           RATE               AMOUNT                     DUE                   DUE
-------------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>               <C>                  <C>                        <C>                <C>
-------------------------------------------------------------------------------------------------------------------------------
     10       04/01/2000     684503 TL9        5.00                      1,020,000.00                25,500.00    1,020,000.00
-------------------------------------------------------------------------------------------------------------------------------
     11       10/01/2000     684503 TM7        5.00                      1,045,000.00                26,125.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     12       04/01/2001     684503 TN5        5.00                      1,070,000.00                26,750.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     13       10/01/2001     684503 TP0        5.00                      1,095,000.00                27,375.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     14       04/01/2002     684503 TQ8        5.10                      1,125,000.00                28,687.50            0.00
-------------------------------------------------------------------------------------------------------------------------------
     15       10/01/2002     684503 TR6        5.10                      3,190,000.00                81,345.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     16       04/01/2003     684503 TS4        5.10                      1,100,000.00                28,050.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     17       10/01/2003     684503 TT2        5.10                      3,425,000.00                87,337.50            0.00
-------------------------------------------------------------------------------------------------------------------------------
     18       04/01/2004     684503 TU9        5.20                      1,065,000.00                27,690.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     19       10/01/2004     684503 TV7        5.20                      3,675,000.00                95,550.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     20       04/01/2005     684503 TX3        5.25                      4,975,000.00 *             130,593.75            0.00
-------------------------------------------------------------------------------------------------------------------------------
     21       10/01/2006     684503 TZ8        5.30                      5,225,000.00 *             138,462.50            0.00
-------------------------------------------------------------------------------------------------------------------------------
     22       10/01/2007     684503 UB9        5.40                      5,480,000.00 *             147,960.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     23       10/01/2008     684503 UD5        5.50                      5,785,000.00 *             159,087.50            0.00
-------------------------------------------------------------------------------------------------------------------------------
     24       10/01/2009     684503 UF0        5.60                      6,085,000.00 *             170,380.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     25       10/01/2010     684503 UH6        5.60                      6,410,000.00 *             179,480.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     26       10/01/2011     684503 UK9        5.70                      6,750,000.00 *             192,375.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     27       10/01/2012     684503 UM5        5.70                      4,910,000.00 *             139,935.00            0.00
-------------------------------------------------------------------------------------------------------------------------------
     RI       10/01/2012     684503 UN3        Variable                     74,670.00          Residual -->             399.00
-------------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                              $63,504,670.00            $1,712,683.75   $1,020,399.00
-------------------------------------------------------------------------------------------------------------------------------
</Table>

****PLEASE NOTE THAT PREMIUM ON BONDS, TRUSTEE FEES PAYABLE, INTEREST
SHORTFALLS, AGGREGATE SHORTFALLS, ACCRUED INTEREST UNDISTRIBUTED, AND ACCRUED
PRINCIPAL UNDISTRIBUTED ARE AT ZERO.
****UNDERLYING BOND-ORANGE COUNTY FLA HEALTH FACILITIES
    13.125%, 10/01/12,
$41,650,000

<Page>

                                                SERIES 1
                                                CERTIFICATES

<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------------------
                 CERTIFICATE                                                                 INTEREST           PRINCIPAL
    CLASS         MATURITY          CUSIP        CERTIFICATE       CERTIFICATE                AMOUNT             AMOUNT
    NUMBER          DATE            NUMBER          RATE             AMOUNT                    DUE                 DUE
------------------------------------------------------------------------------------------------------------------------------
<S>            <C>             <C>              <C>                <C>                     <C>                  <C>
------------------------------------------------------------------------------------------------------------------------------
      11       10/01/2000      021433 EF0       5.00                      95,000.00                2,375.00         95,000.00
------------------------------------------------------------------------------------------------------------------------------
      12       04/01/2001      021433 EG8       5.00                     100,000.00                2,500.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      13       10/01/2001      021433 EH6       5.00                     100,000.00                2,500.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      14       04/01/2002      021433 EJ2       5.10                     105,000.00                2,677.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      15       10/01/2002      021433 EK9       5.10                     295,000.00                7,522.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      16       04/01/2003      021433 EL7       5.10                     100,000.00                2,550.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      17       10/01/2003      021433 EM5       5.10                     320,000.00                8,160.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      18       04/01/2004      021433 EN3       5.20                      95,000.00                2,470.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      19       10/01/2004      021433 EP8       5.20                     340,000.00                8,840.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      20       04/01/2005      021433 EQ6       5.25                      95,000.00                2,493.75              0.00
------------------------------------------------------------------------------------------------------------------------------
      21       10/01/2005      021433 ER4       5.25                     360,000.00                9,450.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      22       10/01/2008      021433 EX1       5.50                   1,495,000.00 *             41,112.50              0.00
------------------------------------------------------------------------------------------------------------------------------
      23       10/01/2010      021433 FB8       5.60                   1,130,000.00 *             31,640.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      24       10/01/2012      021433 FF9       5.70                   1,200,000.00 *             34,200.00              0.00
------------------------------------------------------------------------------------------------------------------------------
      RI       10/01/2012      021433 FG7       Variable                  80,531.00        Residual -->              4,756.00
------------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                             $5,910,531.00             $158,491.25        $99,756.00
------------------------------------------------------------------------------------------------------------------------------
</Table>

****INFORMATION AS OF 3/31/96
****UNDERLYING BOND-ALTAMONTE SPRINGS FLA AUTHORITY
      13.125% 10/01/12,
$3,910,000

<Page>

                                               SERIES 2
                                               CERTIFICATES

<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------------------
               CERTIFICATE                                                                  INTEREST           PRINCIPAL
    CLASS        MATURITY          CUSIP        CERTIFICATE       CERTIFICATE                AMOUNT             AMOUNT
   NUMBER          DATE           NUMBER           RATE             AMOUNT                    DUE                 DUE
-----------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>               <C>                  <C>                   <C>                  <C>
-----------------------------------------------------------------------------------------------------------------------------
     11       10/01/2000     70252B AZ6        5.00                     250,000.00                6,250.00        250,000.00
-----------------------------------------------------------------------------------------------------------------------------
     12       04/01/2001     70252B BA0        5.00                     255,000.00                6,375.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     13       10/01/2001     70252B BB8        5.00                     265,000.00                6,625.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     14       04/01/2002     70252B BC6        5.10                     270,000.00                6,885.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     15       10/01/2002     70252B BD4        5.10                     795,000.00               20,272.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     16       04/01/2003     70252B BE2        5.10                     265,000.00                6,757.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     17       10/01/2003     70252B BF9        5.10                     860,000.00               21,930.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     18       04/01/2004     70252B BG7        5.20                     250,000.00                6,500.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     19       10/01/2004     70252B BH5        5.20                     925,000.00               24,050.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     20       04/01/2005     70252B BJ1        5.25                     240,000.00                6,300.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     21       10/01/2005     70252B BK8        5.25                   1,000,000.00               26,250.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     22       10/01/2008     70252B BP7        5.40                   2,255,000.00 *             60,885.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     23       10/01/2010     70252B BV4        5.60                   5,000,000.00 *            140,000.00              0.00
-----------------------------------------------------------------------------------------------------------------------------
     24       10/01/2012     70252B BZ5        5.70                   1,915,000.00 *             54,577.50              0.00
-----------------------------------------------------------------------------------------------------------------------------
     RI       10/01/2012     70252B CA9        Variable                 103,882.00        Residual -->              5,025.00
-----------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                           $14,648,882.00             $393,657.50       $255,025.00
-----------------------------------------------------------------------------------------------------------------------------
</Table>

****INFORMATION AS OF 3/31/96
****PASCO COUNTY FLA HEALTH FACILITIES
     13.125% 10/01/12,
$9,850,000

<Page>

                                               SERIES 3 CERTIFICATES

<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------------------
               CERTIFICATE                                                                     INTEREST           PRINCIPAL
    CLASS        MATURITY          CUSIP        CERTIFICATE        CERTIFICATE                  AMOUNT              AMOUNT
   NUMBER          DATE           NUMBER           RATE               AMOUNT                     DUE                 DUE
---------------------------------------------------------------------------------------------------------------------------------
<S>           <C>            <C>               <C>                  <C>                        <C>                <C>
---------------------------------------------------------------------------------------------------------------------------------
     11       10/01/2000     684503 TM7        5.00                      1,045,000.00                26,125.00      1,045,000.00
---------------------------------------------------------------------------------------------------------------------------------
     12       04/01/2001     684503 TN5        5.00                      1,070,000.00                26,750.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     13       10/01/2001     684503 TP0        5.00                      1,095,000.00                27,375.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     14       04/01/2002     684503 TQ8        5.10                      1,125,000.00                28,687.50              0.00
---------------------------------------------------------------------------------------------------------------------------------
     15       10/01/2002     684503 TR6        5.10                      3,190,000.00                81,345.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     16       04/01/2003     684503 TS4        5.10                      1,100,000.00                28,050.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     17       10/01/2003     684503 TT2        5.10                      3,425,000.00                87,337.50              0.00
---------------------------------------------------------------------------------------------------------------------------------
     18       04/01/2004     684503 TU9        5.20                      1,065,000.00                27,690.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     19       10/01/2004     684503 TV7        5.20                      3,675,000.00                95,550.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     20       04/01/2005     684503 TX3        5.25                      4,975,000.00 *             130,593.75              0.00
---------------------------------------------------------------------------------------------------------------------------------
     21       10/01/2006     684503 TZ8        5.30                      5,225,000.00 *             138,462.50              0.00
---------------------------------------------------------------------------------------------------------------------------------
     22       10/01/2007     684503 UB9        5.40                      5,480,000.00 *             147,960.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     23       10/01/2008     684503 UD5        5.50                      5,785,000.00 *             159,087.50              0.00
---------------------------------------------------------------------------------------------------------------------------------
     24       10/01/2009     684503 UF0        5.60                      6,085,000.00 *             170,380.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     25       10/01/2010     684503 UH6        5.60                      6,410,000.00 *             179,480.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     26       10/01/2011     684503 UK9        5.70                      6,750,000.00 *             192,375.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     27       10/01/2012     684503 UM5        5.70                      4,910,000.00 *             139,935.00              0.00
---------------------------------------------------------------------------------------------------------------------------------
     RI       10/01/2012     684503 UN3        Variable                     74,670.00          Residual -->               399.00
---------------------------------------------------------------------------------------------------------------------------------

    TOTAL                                                              $62,484,670.00            $1,687,183.75     $1,045,399.00
---------------------------------------------------------------------------------------------------------------------------------
</Table>

****PLEASE NOTE THAT PREMIUM ON BONDS, TRUSTEE FEES PAYABLE, INTEREST
SHORTFALLS, AGGREGATE SHORTFALLS, ACCRUED INTEREST UNDISTRIBUTED, AND ACCRUED
PRINCIPAL UNDISTRIBUTED ARE AT ZERO.
****UNDERLYING BOND-ORANGE COUNTY FLA HEALTH FACILITIES
        13.125%, 10/01/12,
$41,650,000