  In this letter, the linear stability of static Mandal-Sengupta-Wadia (MSW)
black holes in $(2+1)$-dimensional gravity against circularly symmetric
perturbations is studied. Our analysis only applies to non-extremal
configurations, thus it leaves out the case of the extremal (2+1) MSW solution.
The associated fields are assumed to have small perturbations in these static
backgrounds. We then consider the dilaton equation and specific components of
the linearized Einstein equations. The resulting effective Klein-Gordon
equation is reduced to the Schr\"{o}dinger like wave equation with the
associated effective potential. Finally, it is shown that MSW black holes are
stable against to the small time-dependent perturbation
