EXHIBIT 99(h)(1) MUNIHOLDINGS CALIFORNIA INSURED FUND III, INC. (a Maryland corporation) AUCTION MARKET PREFERRED STOCK(R) ["AMPS"(R)] Series A Shares Series B Shares Liquidation Preference $25,000 Per Share PURCHASE AGREEMENT ------------------Purchase Agreement • September 18th, 1998 • Muniholdings California Insured Fund Iii Inc • Maryland
betweenBroker-Dealer Agreement • September 18th, 1998 • Muniholdings California Insured Fund Iii Inc • New York
EXHIBIT 99(k)(2) ============================================================== ================== AUCTION AGENT AGREEMENTAuction Agent Agreement • September 18th, 1998 • Muniholdings California Insured Fund Iii Inc • New York
REGISTRAR,Registrar, Transfer Agency and Service Agreement • September 18th, 1998 • Muniholdings California Insured Fund Iii Inc • Massachusetts
LOGOLetter of Representations • September 18th, 1998 • Muniholdings California Insured Fund Iii Inc
