<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 328 889
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
All bonds in this Unit Trust are insured by MBIA For the tax-sensitive, conservative investor.
Insurance Corporation. As a result, the bonds are - Tax-Free
rated Aaa by Moody's Investors Service, Inc. and - Dependable Income
both the bonds and the Units are rated AAA by - Diversified Portfolios
Standard & Poor's, the highest rating given by - Top-Rated Municipal Bonds
each agency. DATE OF DEPOSIT: September 10, 1996
ESTIMATED CURRENT RETURN:
5.34 - 5.56%
ESTIMATED LONG-TERM RETURN:
5.39 - 5.66%
</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 27.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.00 to $97.04 depending on the purchase amount
Cusip 6710A5 253 monthly payment plan
Numbers 6710A5 261 quarterly payment plan
6710A5 279 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>
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PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
California 11.0 % Colorado 10.2 % Illinois 19.6 %
Louisiana 9.9 Massachusetts 10.8 Michigan 9.0
New York 10.3 Oklahoma 9.0 Texas 10.2
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2018-19 10.0%
2020-21 10.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2022-23 20.0%
2024-25 50.0%
2026+ 10.0%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 09/09/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Yield 5.34%
Tax Equivalent Yield 8.34%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield 7.48%
Corporate Bonds
Yield 7.99%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/06/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. 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.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
<PAGE>
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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>
----------------------------------------------------------------------------------------------------------------
$ 1,000,000 San Diego State University (California), Student Union Revenue Bonds, AAA Aaa
Series B, 6.125% Due 11/1/24. 2004 at 102
1,000,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
1,000,000 City of Chicago, Illinois, Wastewater Transmission Revenue Bonds, Series AAA Aaa
1995, 5.125% Due 1/1/25. (Original issue discount bonds delivered on or
about December 21, 1995 at a price of 94.938% of principal amount.) 2006 at 102
1,000,000 The County of Cook, Illinois, General Obligation Capital Improvement Bonds, AAA Aaa
Series 1996, 5.875% Due 11/15/22. 2006 at 101
1,000,000 Ernest N. Morial-New Orleans (Louisiana), Exhibition Hall Authority, AAA Aaa
Special Tax Bonds, Series 1996-C, 5.50% Due 7/15/18. 2006 at 101
1,000,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Newton-Wellesley Hospital Issue, Series E, 6.00% Due 7/1/25. 2005 at 102
1,000,000 City of Detroit, Michigan, Sewage Disposal System Revenue Bonds, Series AAA Aaa
1995-A, 5.00% Due 7/1/25. (Original issue discount bonds delivered on or
about November 21, 1995 at a price of 90.125% of principal amount.) 2005 at 100
1,000,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fiscal 1996 Series B, 5.75% Due 6/15/26.
(Original issue discount bonds delivered on or about May 16, 1996 at a
price of 93.892% of principal amount.) 2006 at 101
1,000,000 Tulsa (Oklahoma), Industrial Authority, Revenue and Refunding Bonds (The AAA Aaa
University of Tulsa), Series 1996A, 5.00% Due 10/1/22. (Original issue
discount bonds delivered on or about March 21, 1996 at a price of 90.482%
of principal amount.) 2006 at 102
1,000,000 City of Austin, Texas, Combined Utility Systems Revenue Refunding Bonds, AAA Aaa
Series 1996B, 5.70% Due 11/15/21. (When issued.) 2006 at 100
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 10 BONDS FROM 9 STATES
</TABLE>
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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 09/09/96.
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 $ 100.00 4.90 % 5.34% 5.39% 5.37% 5.42% 5.39% 5.44 %
500 / $50,000 99.84 4.75 5.35 5.40 5.38 5.43 5.40 5.45
1,000 / $100,000 99.58 4.50 5.37 5.42 5.40 5.45 5.42 5.47
2,500 / $250,000 99.32 4.25 5.38 5.44 5.41 5.47 5.43 5.49
5,000 / $500,000 98.55 3.50 5.42 5.50 5.45 5.53 5.47 5.55
10,000 / $1,000,000 98.04 3.00 5.45 5.53 5.48 5.56 5.50 5.59
25,000 / $2,500,000 97.54 2.50 5.48 5.57 5.51 5.60 5.53 5.62
50,000 / $5,000,000 97.04 2.00 5.51 5.61 5.54 5.64 5.56 5.66
</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>
5.34 % 7.42% 7.74% 8.34% 8.84%
5.35 7.43 7.75 8.36 8.86
5.37 7.46 7.78 8.39 8.89
5.38 7.47 7.80 8.41 8.91
5.42 7.53 7.86 8.47 8.97
5.45 7.57 7.90 8.52 9.02
5.48 7.61 7.94 8.56 9.07
5.51 7.65 7.99 8.61 9.12
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .3116
Monthly plan 11/15/96 .4452 $ 5.3430
Quarterly plan 11/15/96 .4479
2/15/97 1.3437 5.3750
Semi-annual plan 11/15/96 .4494
5/15/97 2.6964 5.3940
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.04 = 99.960
investment offering price # of units
(as of and accrued purchased
09/09/96) interest
99.960 X $5.3430 = $534.09
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN MASSACHUSETTS NUVEEN
INSURED UNIT TRUST 140 889
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
All bonds in this Unit Trust are insured by MBIA For the tax-sensitive, conservative investor.
Insurance Corporation. As a result, the bonds are - Double Tax-Free
rated Aaa by Moody's Investors Service, Inc. and - Dependable Income
both the bonds and the Units are rated AAA by - Diversified Portfolios
Standard & Poor's, the highest rating given by - Top-Rated Municipal Bonds
each agency. DATE OF DEPOSIT: September 10, 1996
ESTIMATED CURRENT RETURN:
5.24 - 5.45%
ESTIMATED LONG-TERM RETURN:
5.30 - 5.58%
</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 26.2 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.72 to $96.77 depending on the purchase amount
Cusip 670947 795 monthly payment plan
Numbers 670947 803 quarterly payment plan
670947 811 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)
2014-16 14.3%
2017-19 0.0%
2020-22 28.6%
2023-25 42.8%
2026+ 14.3%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 09/09/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.24%
Tax Equivalent Yield 9.27%
Treasury Bonds
Yield 7.11%
Tax Equivalent Yield 8.08%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.99%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AS OF 09/06/96 AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 8/31/96. 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.
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 The Commonwealth of Massachusetts, General Obligation Bonds, Consolidated 2005 at 101 AAA Aaa
Loan of 1995, Series D, 5.125% Due 11/1/15. (Original issue discount bonds
delivered on or about November 9, 1995 at a price of 93.873% of principal
amount.)
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2005 at 101 AAA Aaa
Mary Hitchcock Memorial Hospital Obligated Group (Cooley Dickinson Hospital
Issue), Series B, 5.50% Due 11/15/25.
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, 2006 at 101 AAA Aaa
Williams College Issue, Series F, 5.50% Due 7/1/26. (Original issue
discount bonds delivered on or about June 20, 1996 at a price of 92.945% of
principal amount.)
500,000 Massachusetts Industrial Finance Agency, Revenue Bonds (College of the Holy 2006 at 102 AAA Aaa
Cross-1996 Issue), 5.50% Due 3/1/20.
500,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1993 Series 2004 at 102 AAA Aaa
C, 5.25% Due 12/1/20. (Original issue discount bonds delivered on or about
December 2, 1993 at a price of 92.799% of principal amount.)
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 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 09/09/96.
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 $ 99.72 4.90 % 5.24% 5.30% 5.27% 5.34% 5.29% 5.36 %
500 / $50,000 99.56 4.75 5.24 5.31 5.28 5.34 5.29 5.36
1,000 / $100,000 99.30 4.50 5.26 5.33 5.29 5.37 5.31 5.39
2,500 / $250,000 99.04 4.25 5.27 5.34 5.30 5.38 5.32 5.40
5,000 / $500,000 98.27 3.50 5.31 5.40 5.34 5.44 5.36 5.46
10,000 / $1,000,000 97.76 3.00 5.34 5.44 5.37 5.48 5.39 5.50
25,000 / $2,500,000 97.26 2.50 5.37 5.48 5.40 5.52 5.42 5.54
50,000 / $5,000,000 96.77 2.00 5.39 5.52 5.43 5.56 5.45 5.58
</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>
5.24 % 8.25% 8.66% 9.27% 9.89 %
5.24 8.25 8.66 9.27 9.89
5.26 8.28 8.69 9.31 9.92
5.27 8.30 8.71 9.33 9.94
5.31 8.36 8.78 9.40 10.02
5.34 8.41 8.83 9.45 10.08
5.37 8.46 8.88 9.50 10.13
5.39 8.49 8.91 9.54 10.17
</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
10/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 10/15/96 $ .3045
Monthly plan 11/15/96 .4350 $ 5.2206
Quarterly plan 11/15/96 .4377
2/15/97 1.3131 5.2526
Semi-annual plan 11/15/96 .4392
5/15/97 2.6352 5.2716
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.76 = 100.240
investment offering price # of units
(as of and accrued purchased
09/09/96) interest
100.240 X $5.2206 = $523.31
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
