DEFINED ASSET FUNDS[SM]
Select Growth Portfolio
1996 Series C
A Disciplined Approach to Growth Stock Investing
Merrill Lynch
1 Andrew Corporation
(ANDW) Is an international supplier of electronic communications
products and services. Its products include coaxial cable, defense
electronics, computer network connectivity devices, microwave,
cellular and satellite station antennas and towers.
2 CompUSA, Incorporated
(CPU) Is the United States' largest operator of deep-discount
superstores that sell PCs, related software and accessories.
Products are sold to individuals, businesses, and government
agencies. Its subsidiary operates a mail order computer business.
3 Consolidated Stores Corporation
(CNS) Owns and operates 1,906 retail stores located throughout the
United States, primarily in Ohio. The stores offer close-out and
discontinued merchandise under the names "Odd Lots," "Big Lots,"
"ITZADEAL!," "Toy Liquidators," "Amazing Toy" and "All For One." The
products include housewares, electronics, hardware, softgoods,
automotive supplies and health/beauty aids.
4 Dell Computer Corporation
(DELL) Designs, manufactures and markets internationally its notebook
and desktop PCs, servers and workstations to individual, corporate,
government and educational institutions.
5 Gateway 2000, Incorporated
(GATE) Develops, manufactures and markets IBM-compatible desktop,
notebook and subnotebook PCs and sells them to businesses,
individuals, government agencies and educational institutions
worldwide. Gateway 2000 also sells peripheral products and software.
6 Global Marine, Incorporated
(GLM) With ownership of approximately 28 drilling rigs, this offshore
drilling contractor operates and offers offshore drilling management
services. A subsidiary develops and produces oil and natural gas in
the southern and western United States, as well as the Texas and
Louisiana Gulf coast.
7 Smith International, Incorporated
(SII) Designs, manufactures, sells and services a broad group of
products used for drilling oil and gas wells. The Company's brand
names include "A-Z Servco," Drilco Grant," "Smith Diamond," "Smith
Tool" and "M-1 Drilling Fluids."
8 U.S. Surgical Corporation
(USS) Is the world's largest independent manufacturer of patented
reusable and disposable surgical stapling instruments, which are
marketed under the name "Auto Suture." The Company makes
laparoscopic products for use in gallbladder and other minimally
invasive surgical procedures.
9 Western Digital Corporation
(WDC) Makes proprietary Winchester disk drives for PCs and file
servers. WDC markets its products to original equipment
manufacturers worldwide. The Company's other products include
integrated circuits and board products for graphics, storage control
and systems logic.
10. WorldCom, Incorporated
(WCOM) Is the fourth largest long-distance carrier in the United
States. Its digital fiber optic network serves the nation, with
access to 230 countries. WCOM provides voice, data and video
products and services for business customers as well as other
carriers and the residential market.
Defined Strategy for Growth
Defined Asset Funds can help you to simplify complex issues regarding
growth stock investing with the Select Growth Portfolio. This
Portfolio offers a defined selection process and a disciplined
investment approach.
Help From a Professional Consultant
Defined Asset Funds retained O'Shaughnessy Capital Management Inc., a
registered investment adviser, as Portfolio Consultant to apply its
quantitative selection model to identify common stocks that it
expected to show superior growth in earnings per share over the next
year. Using the model, the Consultant screened a universe of 1600
stocks and identified growth stocks that are believed to be
reasonably priced and to have attractive growth potential. Defined
Asset Funds reviewed the identified stocks for liquidity, market
capitalization, and other factors and then selected the ten stocks
for the portfolio.
Defined Advantages
May save you time. You don't need to buy each stock individually.
This Portfolio uses a disciplined buy and hold Strategy, enabling you
to wait out what may be short-term price fluctuations. When the
current Portfolio is liquidated after a year, Defined Asset Funds
expects to offer a new portfolio selected by this process, which can
be purchased at a reduced sales charge.
May save you money. Although Portfolio units are subject to a sales
charge, because of the institutional commissions at which the
Portfolio buys and sells stocks, the combination may be less
expensive for many investors than buying and selling the stocks
outright.
About The Portfolio
The Defined Asset Funds Select Growth Portfolio consists of ten
aggressive growth stocks. The Portfolio is subject to extreme price
volatility and therefore should be considered speculative. The
Portfolio is only appropriate for investors willing and able to
assume this risk and who are not seeking either preservation of
capital or current dividend income. Although this is a one year
Portfolio, an investor should plan to follow the Strategy for at
least a three to five year period. There can be no guarantee that
the Portfolio will achieve its objective over its one year life or
over consecutive one-year periods. The Portfolio should be
considered as a vehicle for investing a portion of your assets,
rather than as a complete equity investment program. It is unlikely
that the Portfolio will change over its one-year life, even if the
stock market decreases in value or there are adverse developments
affecting the stocks held. The value of this investment may
fluctuate with changes in the financial condition of the issuers of
the stocks held, the value of common stocks in general, and the
impact of the Portfolio's purchase and sale of stocks. The projected
earnings growth rate for the stocks in the Portfolio is substantially
above the average for common stocks in general. Stocks with higher
growth potential can involve greater risk of loss.
Select Now
Call your financial professional to see how the Select Growth
Portfolio can fit into your financial plan. A free prospectus
containing more information, including all charges and expenses, is
available. Read the prospectus carefully before you invest.
