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        <name>CALIFORNIA ST STWD CMNTYS DEV AUTH MFH REVENUE</name>
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        <name>CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE</name>
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        <name>CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE</name>
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        <name>COLORADO ST EDUCTNL &amp; CULTURAL FACS AUTH REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>HILLSBOROUGH CNTY FL INDL DEVAUTH HOSP REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US45734TAG94"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>IOWA ST FIN AUTH REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US46247SFV16"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.13000000</annualizedRt>
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        <name>KNOX CNTY TN HLTH EDUCTNL &amp; HSG FAC BRD STUDENT HSG REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LITTLE ROCK AR SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA ST PUBLIC FACS AUTH HOSP REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA PUB FACS AUTH REVENUE</name>
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        <name>MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE</name>
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        <name>MET PIER &amp; EXPOSITION AUTH IL REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261A5F07"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ROCHESTER MN HLTH CARE &amp; HSG REVENUE</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.88000000</annualizedRt>
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        <name>SALT RIVER AZ PROJ AGRIC IMPT&amp; PWR DIST ELEC SYS REVENUE</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>SAN FRANCISCO CA CITY &amp; CNTY DEV SPL TAX DIST NO</name>
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        <title>City &amp; County of San Francisco CA Special Tax District No 2020-1</title>
        <cusip>79771HAL7</cusip>
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          <isin value="US79771HAL78"/>
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        <curCd>USD</curCd>
        <valUSD>481405.32000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>SHELBY CNTY TENN HEALTH EDL &amp; HSG FAC BRD STUDENT HSG REVENU</name>
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        <cusip>82170LAB1</cusip>
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          <isin value="US82170LAB18"/>
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        <curCd>USD</curCd>
        <valUSD>357934.95000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>SKAGIT CNTY WA PUBLIC HOSP DIST #1</name>
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        <title>Skagit County Public Hospital District No 1</title>
        <cusip>830227EP5</cusip>
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          <isin value="US830227EP53"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT PAUL MN HSG &amp; REDEV AUTH CHRT SCH LEASE REVENUE</name>
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        <title>Housing &amp; Redevelopment Authority of The City of St Paul Minnesota</title>
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          <isin value="US852297CH13"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>240881.71000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>SUFFOLK REGL OFF-TRACK BETTING CORP NY REV</name>
        <lei>N/A</lei>
        <title>Suffolk Regional Off-Track Betting Co</title>
        <cusip>86480TAC8</cusip>
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          <isin value="US86480TAC80"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>203363.06000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION</name>
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        <cusip>875146BC5</cusip>
        <identifiers>
          <isin value="US875146BC54"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>TAMPA FL CAPITAL IMPT CIGARETTE TAX ALLOCATION</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TEXAS ST MUNI GAS ACQUISITION&amp; SPLY CORP IV</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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        <name>TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE</name>
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          <isin value="US882667AN81"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
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        <cusip>888804BA8</cusip>
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          <isin value="US888804BA86"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>VIRGINIA ST HSG DEV AUTH</name>
        <lei>549300LW3QBOVLQBP895</lei>
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          <isin value="US92812WWU43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>WASHINGTON CNTY OR SCH DIST #13 BANKS</name>
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        <title>Washington County School District No 13 Banks</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE</name>
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        <title>Washington State Housing Finance Commission</title>
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          <isin value="US93978LGR15"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMISSION NONPROFIT REVENUE</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>93978LJQ0</cusip>
        <identifiers>
          <isin value="US93978LJQ05"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993104.50000000</valUSD>
        <pctVal>0.731146501798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2064-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON ST HSG FIN COMMISSION</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission</title>
        <cusip>93978UDT0</cusip>
        <identifiers>
          <isin value="US93978UDT07"/>
        </identifiers>
        <balance>1491449.38000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1412882.06000000</valUSD>
        <pctVal>1.040196450245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.08000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>West Virginia Economic Development Authority</title>
        <cusip>95648VBU2</cusip>
        <identifiers>
          <isin value="US95648VBU26"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249853.78000000</valUSD>
        <pctVal>0.183948131549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>Westchester County Local Development Corp</title>
        <cusip>95737TFM3</cusip>
        <identifiers>
          <isin value="US95737TFM36"/>
        </identifiers>
        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>213915.28000000</valUSD>
        <pctVal>0.157489376649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>Westchester County Local Development Corp</title>
        <cusip>95737TGC4</cusip>
        <identifiers>
          <isin value="US95737TGC45"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1014837.40000000</valUSD>
        <pctVal>0.747146765425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>abrdn National Municipal Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Sharon Ferrari</ncom:signature>
      <ncom:signerName>Sharon Ferrari</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
