SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  -------  FORM 10-K  FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934  (MARK ONE)  xANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 29, 2006. ----------------------  OR  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934  For the transition period from ___________ to ___________  Commission file number 33-56254MERRILL LYNCH MUNICIPAL ABS, INC.----------------------------------------------------------(Exact Name of registrant as specified in charter)NEW YORK
        13-369-8229---------------------------------
        -----------------------------------(State or other jurisdiction of
        (IRS Employer Identification No.)incorporation or organization)World Financial CenterNorth Tower250 Vesey Street  9th Flr.North TowerNew York, New York
        10080-1323-----------------------------------------------
        ---------------(Address of principal executive offices)
        (Zip Code)Registrant's telephone number, including area code
        (212) 449-9938-----------------------
  Securities registered pursuant to Section 12 (b) of the Act:  TITLE OF EACH CLASS
        NAME OF EACH EXCHANGE ON WHICH REGISTEREDPREREFUNDED MUNICIPAL CERTIFICATES,      SERIES 2, DUE OCTOBER 1, 2012
        NEW YORK STOCK EXCHANGEPREREFUNDED MUNICIPAL CERTIFICATES,  SERIES 3, DUE OCTOBER 1, 2012
        NEW YORK STOCK EXCHANGE
 Securities registered pursuant to Section 12 (g) of the Act:    Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.  Yes
        __
        
        No
        X
  Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
        __
        
        No
        X
  Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes /X/ No / /  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to this Form 10-K.  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.  See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (check one)  Large accelerated filer
        ____
        accelerated filer
        ____
        non-accelerated filer
        __X__
  Indicate by check mark whether the registrant is shell company (as defined in Rule 12b-2 of the Act). Yes
        
        
        No
        X
  State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the pridce at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrants most recently completed second fiscal quarter.  ALL THE VOTING STOCK IS HELD BY AFFILIATES OF THE REGISTRANT.  (APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS)  Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15 (d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes / / No / /  (APPLICABLE ONLY TO CORPORATE REGISTRANTS)  Indicate the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.  AS OF DECEMBER 29, 2006, THERE ARE 100 SHARES OF COMMON STOCK.  DOCUMENTS INCORPORATED BY REFERENCE  List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated: (1) any annual report to security-holders; (2) any proxy or information statement; and (3) any prospectus filed pursuant to Rule 424 (b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security-holders for fiscal year ended December 24, 1980).    PART I  Item 1.
        BUSINESS.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 1A.
        RISK FACTORSNOT APPLICABLEItem 1B.
        UNRESOLVED STAFF COMMENTSNOT APPLICABLEItem 2.
        PROPERTIES.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 3.
        LEGAL PROCEEDINGS.NONE.Item 4.
        SUBMISSION OF MATTERS TO A VOTE OF SECURITY-HOLDERS.NONE.
   PART II  Item 5.
        MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDERSMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.(a)
        Number of holders of record of each Series of Certificates as of December 29, 2006:SERIES 2: 17 HOLDERS*;SERIES 3: 17 HOLDERS*.(b)
        Principal market in which registrant's Certificates are being traded:SERIES 2. NEW YORK STOCK EXCHANGESERIES 3. NEW YORK STOCK EXCHANGE(c)
        Report of Dividends:EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 6.
        SELECTED FINANCIAL DATA.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 7.
        MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 7A.
        Quantitative and Qualitative Disclosures About Market Risk.NONEItem 8.
        FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 9.
        CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE.NONE.
      Item 9A
        CONTROLS AND PROCEDURE.NOT APPLICABLEItem 9B
        OTHER INFORMATION.NONE
   * Number of Holders per Series equals the number of Direct Participants holding Certificates through The Depository Trust Company plus the number of accounts held at Merrill Lynch for the benefit of Certificateholders.  PART III  Item 10.
        DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 11.
        EXECUTIVE COMPENSATION.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 12.
        SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 13.
        CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.EXEMPT PER NO-ACTION LETTER PUBLICLY AVAILABLE MAY 30, 1996.Item 14.
        PRINCIPAL ACCOUNTING FEES AND SERVICES.NONE
   PART IV  Item 15.
        EXHIBITS, FINANCIAL STATEMENT SCHEDULES.(a) (1) Financial StatementsNONE(2) Financial Statement ScheduleNONE(3) Exhibits31.1
        RULE 13A-14 CERTIFICATION99.1
        Independant Accountants' Report on Applying Agreed-Upon Procedures99.2
        Notice of Substitution of Defeasance Obligations99.3
        Statements to holders of Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 AND Series 3 relating to the Distribution Dates of April 1, 2006 and October 1, 2006.99.4
        trustee's certification
 (b) Reports on Form 8-KNONE.(c) Not Applicable.(d) Not Applicable.
     SIGNATURES  Pursuant to the requirements of the Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  MERRILL LYNCH MUNICIPAL ABS, INC.By:
        /s/ Edward H. CurlandName:
        Edward H. CurlandTitle:
        Authorized SignatoryDate:
        March 7, 2007
     EXHIBIT INDEX  EXHIBIT31.1
        Rule 14a-14 Certification99.1
        Independant Accountants' Report on Applying Agreed-Upon Procedures99.2
        Notice of Substitution of Defeasance Obligations99.3
        Statements to holders of Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 and Series 3, relating to the Distribution Dates of April 1, 2006 and October 1, 2006.99.4
        Trustees Certification
     Exhibit 31.1  I, Edward H. Curland, certify that:  1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this report of Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 and Series 3;  2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;  3. Based on my knowledge, the distribution or servicing information required to be provided to the depositor by the trustee under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;  4. I am responsible for reviewing the activities performed by the depositor and the trustee under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the depositor and trustee have each fulfilled its obligations under that agreement; and  5. The reports disclose all significant deficiencies relating to the compliance by the trustee and the depositor with the minimum servicing or similar standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.  In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated party: Deutsche Bank Trust Company Americas.   By:               /s/ Edward H. CurlandName:
        Edward H. CurlandTitle:
        Managing DirectorDate:
        March 7, 2007
     Exhibit 99.1  Independent Accountants Report  Merrill Lynch Municipal ABS, Inc. (as Depositor) c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated World Financial Center North Tower, 9th Floor 250 Vesey Street New York, New York 10080  Deutsche Bank Trust Company Americas (as Trustee) 60 Wall Street New York, New York  10005  Re:
        Prerefunded Municipal Certificates Series 2 and Series 3 (the Certificates)
  Ladies and Gentlemen:  We have examined managements assertions that the Depositor and the Trustee have complied, in all material respects, with the provisions of the Trust Agreement dated as of March 28, 1995 (the "Trust Agreement"), during the periods covered by the annual report on Form 10-K, filed by the Depositor on behalf of the Trust for the fiscal year ended December 29, 2006 (the Annual Report).  Management is responsible for compliance with the Trust Agreement. Our responsibility is to express an opinion on managements assertions based on our examination.  Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Depositors and the Trustees compliance with the Trust Agreement and performing such other procedures as considered necessary in the circumstances.  We believe that our examination provides a reasonable basis for our opinion.  In our opinion, the Depositor and the Trustee have complied, in all material respects, with the Trust Agreement during the period covered by the Annual Report and managements assertions with respect to such compliance are fairly stated, in all material respects, for the fiscal year ended December 29, 2006.   /s/ Aston Bell CPA  New York, New York March 14, 2007     EXHIBIT 99.2  On March 30, 2007, Deutsche Bank Trust Company Bank (Tel: (212) 454-4226), the escrow trustee for the prerefunded bonds underlying Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 and Series 3, upon inquiry by the registrant, reported that no substitution of defeasance obligations in the escrow for each of the related maturity of bonds has occurred.    EXHIBIT 99.3  STATEMENTS TO HOLDERS OF MERRILL LYNCH MUNICIPAL ABS, INC. PREREFUNDED MUNICIPAL CERTIFICATES, SERIES 2 AND SERIES 3, RELATING TO THE DISTRIBUTION DATES OF APRIL 1, 2006 AND OCTOBER 1, 2006.      [LOGO] Deutsche Bank  March 26, 2007   Merrill Lynch World Financial Center North Towers - 9th Floor 250 Vesey Street New York, NY 10281-1309 Attn: Bielka Tortorelli  The Depository Trust Company 55 Water Street New York, NY 10004 Attn: Fran Vespa  Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 2  All:  Pursuant to Section 4.03 of the Trust Agreement dated as of March 28, 1995, Deutsche Bank Trust Company Americas, as Trustee for the above-referenced bond issues, hereby notifies you of the debt service payments for each Series due on April 3, 2006. Attached is a payment schedule for each Series.  The payment schedule was forwarded to Merrill Lynch on April 3, 2006 and was forwarded to The Depository Trust Company on March 26, 2007.  If you have any questions, please feel free to call me at (212) 250-2268.  Very truly yours,  /s/ Teddy Banica Teddy Banica Associate              [LOGO] Deutsche Bank  April 3, 2006  Bielka Tortorelli Merrill Lynch World Financial Center 250 Vesey Street New York, New York 10281   Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 2  Bielka:  For the above referenced issues, the principal and interest information for April 3, 2006 is attached. All other relevant information is as follows:   Premium on Bonds
        NoneTrustee Fees Payable
        NoneInterest Shortfall on Bonds
        NoneAggregate Shortfall on Bonds
        NoneAccrued Interest undistributed to holders
        NoneAccrued Principal undistributed to holders
        NoneUnderlying Bonds on issues
        Attached   Should you have any questions please call me at (212) 250-2268.  Sincerely,  /s/ Teddy Banica Teddy Banica Associate      SERIES 2 CERTIFICATESCertificate
        
        
        
        
        Interest
        PrincipalClass
        Maturity
        CUSIP
        Certificate
        Certificate
        
        Amount
        AmountNumber
        Date
        Number
        Rate
        Amount
        
        Due
        Due22
        10/1/2007
        70252B BP7
        5.40
        2,255,000.00
        *
        60,885.00
        220,000.0023
        10/1/2010
        70252B BV4
        5.60
        5,000,000.00
        *
        140,000.00
        0.0024
        10/1/2012
        70252B BZ5
        5.70
        1,915,000.00
        *
        54,577.50
        0.00RI
        10/1/2012
        70252B CA9
        Variable
        53,925.00
        
        Residual -->
        4,912.00TOTAL
        
        
        
        $9,223,925.00
        
        $255,462.50
        $224,912.00****Please note that  premium on bonds, trustee fees payable, interest shortfalls, aggregateshortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.****Pasco County FLA Health Facilities13.125% 10/01/12         [LOGO] Deutsche Bank  March 26, 2007   Merrill Lynch World Financial Center North Towers - 9th Floor 250 Vesey Street New York, NY 10281-1309 Attn: Bielka Tortorelli  The Depository Trust Company 55 Water Street New York, NY 10004 Attn: Fran Vespa  Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 3  All:  Pursuant to Section 4.03 of the Trust Agreement dated as of March 28, 1995, Deutsche Bank Trust Company Americas, as Trustee for the above-referenced bond issues, hereby notifies you of the debt service payments for each Series due on April 3, 2006. Attached is a payment schedule for each Series.  The payment schedule was forwarded to Merrill Lynch on April 3, 2006 and was forwarded to The Depository Trust Company on March 26, 2007.  If you have any questions, please feel free to call me at (212) 250-2268.  Very truly yours,  /s/ Teddy Banica Teddy Banica Associate           [LOGO] Deutsche Bank  April 3, 2006  Bielka Tortorelli Merrill Lynch World Financial Center 250 Vesey Street New York, New York 10281   Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 3  Bielka:  For the above referenced issues, the principal and interest information for April 3, 2006 is attached. All other relevant information is as follows:   Premium on Bonds
        NoneTrustee Fees Payable
        NoneInterest Shortfall on Bonds
        NoneAggregate Shortfall on Bonds
        NoneAccrued Interest undistributed to holders
        NoneAccrued Principal undistributed to holders
        NoneUnderlying Bonds on issues
        Attached   Should you have any questions please call me at (212) 250-2268.  Sincerely,  /s/ Teddy Banica Teddy Banica Associate             SERIES 3 CERTIFICATESCertificate
        
        
        
        
        Interest
        PrincipalClass
        Maturity
        CUSIP
        Certificate
        Certificate
        
        Amount
        AmountNumber
        Date
        Number
        Rate
        Amount
        
        Due
        Due21
        10/1/2006
        684503 TZ8
        5.30
        5,225,000.00
        *
        138,462.50
        960,000.0022
        10/1/2007
        684503 UB9
        5.40
        5,480,000.00
        *
        147,960.00
        0.0023
        10/1/2008
        684503 UD5
        5.50
        5,785,000.00
        *
        159,087.50
        0.0024
        10/1/2009
        684503 UF0
        5.60
        6,085,000.00
        *
        170,380.00
        0.0025
        10/1/2010
        684503 UH6
        5.60
        6,410,000.00
        *
        179,480.00
        0.0026
        10/1/2011
        684503 UK9
        5.70
        6,750,000.00
        *
        192,375.00
        0.0027
        10/1/2012
        684503 UM5
        5.70
        4,910,000.00
        *
        139,935.00
        0.00RI
        10/1/2012
        684503 UN3
        Variable
        48,437.00
        
        Residual -->
        1,164.00TOTAL
        
        
        
        $40,693,437.00
        
        $1,127,680.00
        $961,164.00****Please note that  premium on bonds, trustee fees payable, interest shortfalls, aggregateshortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.****Underlying Bond-Orange County FLA Health Facilities13.125%, 10/01/12           [LOGO] Deutsche Bank  March 26, 2007  Merrill Lynch World Financial Center North Towers - 9th Floor 250 Vesey Street New York, NY 10281-1309 Attn Alan Levy  The Depository Trust Company 55 Water Street New York, NY 10004 Attn: Fran Vespa  Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 2  All:  Pursuant to Section 4.03 of the Trust Agreement dated as of March 28, 1995, Deutsche Bank Trust Company Americas, as Trustee for the above-referenced bond issues, hereby notifies you of the debt service payments for each Series due on October 2, 2006. Attached is a payment schedule for each Series.  The payment schedule was forwarded to Merrill Lynch on October 2, 2006 and was forwarded to The Depository Trust Company on March 26, 2007.  If you have any questions, please feel free to call me at (212) 250-2268.  Very truly yours,  /s/ Teddy Banica Teddy Banica Associate             [LOGO] Deutsche Bank  October 2, 2006  Bielka Tortorelli Merrill Lynch World Financial Center 250 Vesey Street New York, New York 10281   Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 2  Bielka:  For the above referenced issues, the principal and interest information for October 2, 2006 is attached. All other relevant information is as follows:   Premium on Bonds
        NoneTrustee Fees Payable
        NoneInterest Shortfall on Bonds
        NoneAggregate Shortfall on Bonds
        NoneAccrued Interest undistributed to holders
        NoneAccrued Principal undistributed to holders
        NoneUnderlying Bonds on issues
        Attached   Should you have any questions please call me at (212) 250-2268.  Sincerely,   /s/ Teddy Banica Teddy Banica Associate      SERIES 2 CERTIFICATESCertificate
        
        
        
        
        Interest
        PrincipalClass
        Maturity
        CUSIP
        Certificate
        Certificate
        
        Amount
        AmountNumber
        Date
        Number
        Rate
        Amount
        
        Due
        Due22
        10/1/2007
        70252B BP7
        5.40
        2,035,000.00
        *
        54,945.00
        1,080,000.0023
        10/1/2010
        70252B BV4
        5.60
        5,000,000.00
        *
        140,000.00
        0.0024
        10/1/2012
        70252B BZ5
        5.70
        1,915,000.00
        *
        54,577.50
        0.00RI
        10/1/2012
        70252B CA9
        Variable
        35,606.00
        
        Residual -->
        853.00TOTAL
        
        
        
        $8,985,606.00
        
        $249,522.50
        $1,080,853.00****Please note that  premium on bonds, trustee fees payable, interest shortfalls, aggregateshortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.****Pasco County FLA Health Facilities13.125% 10/01/12        [LOGO] Deutsche Bank  March 26, 2007  Merrill Lynch World Financial Center North Towers - 9th Floor 250 Vesey Street New York, NY 10281-1309 Attn Alan Levy  The Depository Trust Company 55 Water Street New York, NY 10004 Attn: Fran Vespa  Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 3  All:  Pursuant to Section 4.03 of the Trust Agreement dated as of March 28, 1995, Deutsche Bank Trust Company Americas, as Trustee for the above-referenced bond issues, hereby notifies you of the debt service payments for each Series due on October 2, 2006. Attached is a payment schedule for each Series.  The payment schedule was forwarded to Merrill Lynch on October 2, 2006 and was forwarded to The Depository Trust Company on March 26, 2007.  If you have any questions, please feel free to call me at (212) 250-2268.  Very truly yours,  /s/ Teddy Banica Teddy Banica Associate           [LOGO] Deutsche Bank  October 2, 2006  Bielka Tortorelli Merrill Lynch World Financial Center 250 Vesey Street New York, New York 10281   Re:
        Merrill Lynch Municipal ABS, Inc.Prerefunded Municipal Certificates Series 3  Bielka:  For the above referenced issues, the principal and interest information for October 2, 2006 is attached. All other relevant information is as follows:   Premium on Bonds
        NoneTrustee Fees Payable
        NoneInterest Shortfall on Bonds
        NoneAggregate Shortfall on Bonds
        NoneAccrued Interest undistributed to holders
        NoneAccrued Principal undistributed to holders
        NoneUnderlying Bonds on issues
        Attached   Should you have any questions please call me at (212) 250-2268.  Sincerely,  /s/ Teddy Banica Teddy Banica Associate             SERIES 3 CERTIFICATESCertificate
        
        
        
        
        Interest
        PrincipalClass
        Maturity
        CUSIP
        Certificate
        Certificate
        
        Amount
        AmountNumber
        Date
        Number
        Rate
        Amount
        
        Due
        Due21
        10/1/2006
        684503 TZ8
        5.30
        4,265,000.00
        *
        113,022.50
        4,265,000.0022
        10/1/2007
        684503 UB9
        5.40
        5,480,000.00
        *
        147,960.00
        0.0023
        10/1/2008
        684503 UD5
        5.50
        5,785,000.00
        *
        159,087.50
        0.0024
        10/1/2009
        684503 UF0
        5.60
        6,085,000.00
        *
        170,380.00
        0.0025
        10/1/2010
        684503 UH6
        5.60
        6,410,000.00
        *
        179,480.00
        0.0026
        10/1/2011
        684503 UK9
        5.70
        6,750,000.00
        *
        192,375.00
        0.0027
        10/1/2012
        684503 UM5
        5.70
        4,910,000.00
        *
        139,935.00
        0.00RI
        10/1/2012
        684503 UN3
        Variable
        39,508.00
        
        Residual -->
        1,604.00TOTAL
        
        
        
        $39,724,508.00
        
        $1,102,240.00
        $4,266,604.00****Please note that  premium on bonds, trustee fees payable, interest shortfalls, aggregateshortfalls, accrued interest undistributed, and accrued principal undistributed are at zero.****Underlying Bond-Orange County FLA Health Facilities13.125%, 10/01/12          Exhibit 99.4  The undersigned, being an officer of Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), with respect to Merrill Lynch Municipal ABS, Inc. Prerefunded Municipal Certificates, Series 2 and Series 3, on whose behalf Merrill Lynch Municipal ABS Inc. has prepared this annual report on Form 10-K for the fiscal year ended December 29, 2006 (the "Annual Report"), certifies as follows:  1. The Trustee is the trustee under the trust agreement.  2. Based on my knowledge, for the periods included in the year covered by the Annual Report, the Trustee has fulfilled its obligations, including any servicing obligations, under the trust agreement.   /s/     Scott ThielName:   Scott ThielTitle:  DirectorDate:   March 15, 2007