EXHIBIT 99.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002


I,  Eugene W. Landy, Chief Executive  Officer, certify that:

1.           I   have reviewed this annual report  on   Form
  10-K of Monmouth Capital Corporation;

2.           Based  on  my  knowledge,  this  annual  report
  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  with  respect  to
  the period  covered  by  this annual report;

3.          Based    on   my   knowledge,   the    financial
statements,   and other financial information  included   in
this   annual   report, fairly present   in   all   material
respects   the  financial condition, results of   operations
and   cash  flows  of the registrant as of,  and  for,   the
periods presented in this annual report;

4.           The registrant's other certifying officers  and
  I   are   responsible  for establishing  and   maintaining
  disclosure    controls   and   procedures   (as    defined
  in   Exchange   Act  Rules  13a-14  and  15d-14)  for  the
  registrant  and we have:

  a)              designed  such  disclosure  controls   and
  procedures  to  ensure that material information  relating
  to    the    registrant,   including   its    consolidated
  subsidiaries,   is  made known to us  by   others   within
  those  entities, particularly during the period  in  which
  this annual report is being prepared;

  b)              evaluated   the  effectiveness   of    the
  registrant's disclosure controls and procedures  as  of  a
  date   within 90 days prior to the filing date   of   this
  annual report (the "Evaluation Date"); and

  c)                 presented  in this annual  report   our
  conclusions   about the effectiveness of  the   disclosure
  controls  and procedures based on our evaluation   as   of
  the Evaluation Date;

5.           The registrant's other certifying officers  and
  I    have    disclosed,   based  on   our   most    recent
  evaluation,   to  the  registrant's  auditors   and    the
  audit   committee  of registrant's board of directors  (or
  persons  performing the equivalent function):

  a)              all   significant  deficiencies  in    the
  design   or   operation of internal controls which   could
  adversely   affect the registrant's ability   to   record,
  process,   summarize and report financial data  and   have
  identified   for the registrant's auditors  any   material
  weaknesses in internal controls; and

  b)              any  fraud, whether or not material,  that
  involves   management  or other  employees  who   have   a
  significant  role  in the registrant's internal  controls;
  and

6.                      The  registrant's  other  certifying
  officers  and   I  have indicated in  this  annual  report
  whether   or   not   there   were significant  changes  in
  internal   controls  or  in  other  factors   that   could
  significantly   affect  internal  controls  subsequent  to
  the   date   of  our  most  recent  evaluation,  including
  any  corrective actions  with  regard    to    significant
  deficiencies   and   material  weaknesses.



/s/  Eugene W. Landy

Eugene W. Landy
Chief Executive Officer
March  16, 2003