<PAGE>
NUVEEN
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 280 864
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.31 - 5.52% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.39 - 5.67% - Dependable Income
DATE OF DEPOSIT: May 14, 1996 - Diversified Portfolios
- Investment Grade Municipal Bonds
</TABLE>
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 24.5 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.05 to $97.09 depending on the purchase amount
Cusip 67064X 109 monthly payment plan
Numbers 67064X 117 quarterly payment plan
67064X 125 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 71%
AA 29
---------
100%
Registration Registered in Connecticut
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2011-14 28.5%
2015-18 14.3%
2019-22 0.0%
2023-26 42.9%
2027+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/13/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.70%
Tax Equivalent Yield 5.31%
Treasury Bonds
Pre-Tax 7.23%
Tax Equivalent Yield 6.90%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.84%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 39.0% FEDERAL AND STATE INCOME TAX
RATE AND A 4.5% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 4/30/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS CONNECTICUT TRADITIONAL UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 250,000 State of Connecticut, General Obligation Bonds (1994 Series A), 5.65% Due AA- Aa
3/15/12. 2004 at 101
1/2
250,000 State of Connecticut, General Obligation Bonds (1996 Series A), New Money AA- Aa
Bonds, 5.50% Due 5/15/14. 2006 at 101
500,000 Connecticut Development Authority, Water Facilities Refunding Revenue Bonds AAA Aaa
(Bridgeport Hydraulic Company Project-1994A Series), 6.05% Due 3/1/29.
(MBIA Insured.) 2004 at 102
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA --
Bonds, Bridgeport Hospital Issue, Series C, 5.375% Due 7/1/25. (ConnieLee
Insured.) 2006 at 102
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Kent School Issue, Series B, 5.40% Due 7/1/23. (MBIA Insured.) 2005 at 101
500,000 State of Connecticut Health and Educational Facilities Authority, Revenue AAA --
Bonds, Westminster School Issue, Series A, 5.50% Due 7/1/26. (Original
issue discount bonds will be delivered on or about May 22, 1996 at a price
of 93.724% of principal amount.)(When issued.) (MBIA Insured.) 2006 at 101
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AA- A1
Bonds, Nursing Home Program Issue, Series 1996 (3030 Park Fairfield Health
Center Project), 6.00% Due 11/1/15. (General Obligation Bonds.) (When
issued.) 2006 at 102
500,000 The University of Connecticut, General Obligation Bonds, 1996 Series A, AAA Aaa
5.00% Due 2/1/12. (FGIC Insured.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 05/13/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.04. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 100.05 4.90 % 5.31% 5.39% 5.34% 5.42% 5.36% 5.44 %
500 / $50,000 99.89 4.75 5.32 5.40 5.35 5.43 5.37 5.45
1,000 / $100,000 99.63 4.50 5.33 5.43 5.36 5.46 5.38 5.48
2,500 / $250,000 99.37 4.25 5.35 5.44 5.38 5.47 5.40 5.49
5,000 / $500,000 98.60 3.50 5.39 5.50 5.42 5.53 5.44 5.55
10,000 / $1,000,000 98.09 3.00 5.42 5.54 5.45 5.57 5.47 5.59
25,000 / $2,500,000 97.59 2.50 5.44 5.58 5.48 5.61 5.50 5.63
50,000 / $5,000,000 97.09 2.00 5.47 5.62 5.51 5.65 5.52 5.67
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by tax
UNIT TRUST bracket)
RETURN 31.0% 34.0% 39.0% 42.5%
<C> <S> <C> <C> <C> <C>
5.31 % 7.70% 8.05% 8.70% 9.23 %
5.32 7.71 8.06 8.72 9.25
5.33 7.72 8.08 8.74 9.27
5.35 7.75 8.11 8.77 9.30
5.39 7.81 8.17 8.84 9.37
5.42 7.86 8.21 8.89 9.43
5.44 7.88 8.24 8.92 9.46
5.47 7.93 8.29 8.97 9.51
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .2507
Monthly plan 7/15/96 .4425 $ 5.3129
Quarterly plan 8/15/96 .8904
11/15/96 1.3356 5.3449
Semi-annual plan 11/15/96 2.2335
5/15/97 2.6802 5.3639
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.09 = 99.910
investment offering price # of units
(as of and accrued purchased
05/13/96) interest
99.910 X $5.3129 = $530.81
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 319 864
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.46 - 5.68% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.50 - 5.76% - Diversified Portfolios
DATE OF DEPOSIT: May 14, 1996 - Top-Rated Municipal Bonds
</TABLE>
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal income tax but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $10,000,000 in 100,000 units
Average Life 28.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.75 to $97.77 depending on the purchase amount
Cusip 6710A4 769 monthly payment plan
Numbers 6710A4 777 quarterly payment plan
6710A4 785 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in all states
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 23.7 % Colorado 9.6 % Illinois 10.5 %
Massachusetts 10.5 New Jersey 10.8 New York 16.4
Texas 9.8 Utah 8.7
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2020-22 27.5%
2023-25 52.5%
2026-28 10.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2029+ 10.0
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/13/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.53%
Tax Equivalent Yield 5.46%
Treasury Bonds
Pre-Tax 7.26%
Tax Equivalent Yield 6.90%
Corporate Bonds
Yield 7.84%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 36.0% FEDERAL AND 5.0% STATE INCOME
TAX RATES. TREASURY BONDS ARE SUBJECT TO FEDERAL BUT NOT STATE INCOME TAXES;
CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH. TREASURY BONDS, UNLIKE
MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT. THE LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED AS OF 4/30/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS NATIONAL INSURED UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 350,000 State of California, Various Purpose General Obligation Bonds, 6.00% Due AAA Aaa
8/1/24. 2004 at 102
1,000,000 California Educational Facilities Authority, Revenue Bonds (University of AAA Aaa
San Francisco), Series 1996, 6.00% Due 10/1/26. (When issued.) 2006 at 102
900,000 County of Madera, California, Certificates of Participation (Valley AAA Aaa
Children's Hospital Project), Series 1995, 6.125% Due 3/15/23. 2005 at 102
1,000,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1996A, 5.50% Due 11/15/25. (Original issue discount bonds delivered on or
about March 28, 1996 at a price of 93.497% of principal amount.) 2006 at 101
1,000,000 Illinois Health Facilities Authority, Revenue Bonds, Series 1994A AAA Aaa
(Northwestern Memorial Hospital), 6.00% Due 8/15/24. 2004 at 102
250,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Bonds, Series 1994B, 0.00% Due 6/15/22. (Original issue
discount bonds delivered on or about June 23, 1994 at a price of 15.821% of
principal amount.) No Optional
Call
1,000,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1994 Series AAA Aaa
A, 6.00% Due 8/1/24. 2004 at 101
1/2
1,000,000 The Pollution Control Financing Authority of Salem County (New Jersey), AAA Aaa
Pollution Control Revenue Refunding Bonds, 1994 Series C (Public Service
Electric and Gas Company Project), 6.20% Due 8/1/30. 2004 at 102
1,500,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fiscal 1996 Series B, 6.25% Due 6/15/20. (When
issued.) 2006 at 101
1,000,000 City of Austin, Texas, Combined Utility Systems Revenue Refunding Bonds, AAA Aaa
Series 1995, 5.60% Due 5/15/25. 2005 at 100
1,000,000 Intermountain Power Agency (Utah), Power Supply Revenue Refunding Bonds, AAA Aaa
1996 Series D, 5.00% Due 7/1/21. (Original issue discount bonds delivered
on or about February 27, 1996 at a price of 94.504% of principal amount.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 11 BONDS FROM 8 STATES
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 05/13/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.04. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 100.75 4.90 % 5.46% 5.50% 5.49% 5.53% 5.51% 5.55 %
500 / $50,000 100.59 4.75 5.47 5.50 5.50 5.53 5.52 5.55
1,000 / $100,000 100.32 4.50 5.48 5.53 5.52 5.56 5.53 5.58
2,500 / $250,000 100.06 4.25 5.50 5.54 5.53 5.57 5.55 5.59
5,000 / $500,000 99.28 3.50 5.54 5.60 5.57 5.63 5.59 5.65
10,000 / $1,000,000 98.77 3.00 5.57 5.64 5.60 5.67 5.62 5.69
25,000 / $2,500,000 98.27 2.50 5.60 5.68 5.63 5.71 5.65 5.73
50,000 / $5,000,000 97.77 2.00 5.63 5.71 5.66 5.74 5.68 5.76
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.46 % 7.58% 7.91% 8.53% 9.04%
5.47 7.60 7.93 8.55 9.06
5.48 7.61 7.94 8.56 9.07
5.50 7.64 7.97 8.59 9.11
5.54 7.69 8.03 8.66 9.17
5.57 7.74 8.07 8.70 9.22
5.60 7.78 8.12 8.75 9.27
5.63 7.82 8.16 8.80 9.32
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .2545
Monthly plan 7/15/96 .4584 $ 5.5010
Quarterly plan 8/15/96 .9216
11/15/96 1.3824 5.5330
Semi-annual plan 11/15/96 2.3130
5/15/97 2.7756 5.5520
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.79 = 99.216
investment offering price # of units
(as of and accrued purchased
05/13/96) interest
99.216 X $5.5010 = $545.79
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MASSACHUSETTS
INSURED UNIT TRUST 136 864
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.39 - 5.60% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
5.45 - 5.72% - Diversified Portfolios
DATE OF DEPOSIT: May 14, 1996 - Top-Rated Municipal Bonds
</TABLE>
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 27.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.17 to $98.17 depending on the purchase amount
Cusip 670947 670 monthly payment plan
Numbers 670947 688 quarterly payment plan
670947 696 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Massachusetts
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2013-16 14.2%
2017-20 0.0%
2021-24 42.9%
2025+ 42.9%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 05/13/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 9.54%
Tax Equivalent Yield 5.39%
Treasury Bonds
Pre-Tax 7.84%
Tax Equivalent Yield 6.90%
Corporate Bonds
Yield 7.84%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 43.5% FEDERAL AND STATE INCOME TAX
RATE AND A 12.0% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 4/30/96.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS MASSACHUSETTS INSURED UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Massachusetts Bay Transportation Authority, General Transportation System 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.75% Due 3/1/25. (General Obligation Bonds.)
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2005 at 102 AAA Aaa
Newton-Wellesley Hospital Issue, Series E, 6.00% Due 7/1/25.
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
Smith College Issue, Series D, 5.75% Due 7/1/24.
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2006 at 102 AAA Aaa
Suffolk University Issue, Series C, 5.75% Due 7/1/26.
500,000 Massachusetts Industrial Finance Agency Revenue Bonds, Phillips Academy 2008 at 102 AAA Aaa
Issue, Series 1993, 5.375% Due 9/1/23.
500,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1994 Series 2004 at 101 AAA Aaa
A, 6.00% Due 8/1/24. 1/2
250,000 Town of Andover, Massachusetts, General Obligation Bonds, 5.375% Due 2005 at 102 AAA Aaa
11/15/15.
250,000 Quabbin Regional School District, Massachusetts, General Obligation Bonds 2006 at 102 AAA Aaa
(Junior-Senior High School Project), 5.15% Due 6/15/13.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 05/13/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.05. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 101.17 4.90 % 5.39% 5.45% 5.42% 5.48% 5.44% 5.50 %
500 / $50,000 101.01 4.75 5.40 5.46 5.43 5.49 5.45 5.51
1,000 / $100,000 100.74 4.50 5.41 5.48 5.44 5.51 5.46 5.53
2,500 / $250,000 100.48 4.25 5.43 5.50 5.46 5.53 5.48 5.55
5,000 / $500,000 99.70 3.50 5.47 5.56 5.50 5.59 5.52 5.61
10,000 / $1,000,000 99.19 3.00 5.50 5.60 5.53 5.63 5.55 5.64
25,000 / $2,500,000 98.68 2.50 5.52 5.63 5.56 5.66 5.58 5.68
50,000 / $5,000,000 98.17 2.00 5.55 5.67 5.59 5.70 5.60 5.72
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by tax
UNIT TRUST bracket)
RETURN 36.5% 39.5% 43.5% 47.0%
<C> <S> <C> <C> <C> <C>
5.39 % 8.49% 8.91% 9.54% 10.17 %
5.40 8.50 8.93 9.56 10.19
5.41 8.52 8.94 9.58 10.21
5.43 8.55 8.98 9.61 10.25
5.47 8.61 9.04 9.68 10.32
5.50 8.66 9.09 9.73 10.38
5.52 8.69 9.12 9.77 10.42
5.55 8.74 9.17 9.82 10.47
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
06/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 6/15/96 $ .2573
Monthly plan 7/15/96 .4542 $ 5.4513
Quarterly plan 8/15/96 .9138
11/15/96 1.3707 5.4833
Semi-annual plan 11/15/96 2.2920
5/15/97 2.7504 5.5023
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.22 = 98.794
investment offering price # of units
(as of and accrued purchased
05/13/96) interest
98.794 X $5.4513 = $538.56
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
