<PAGE>
NUVEEN NATIONAL NUVEEN
INSURED UNIT TRUST 335 908
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<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: December 23, 1996
ESTIMATED CURRENT RETURN:
5.09 - 5.30%
ESTIMATED LONG-TERM RETURN:
5.17 - 5.44%
</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 $7,500,000 in 75,000 units
Average Life 25.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.97 to $97.01 depending on the purchase amount
Cusip 6710A5 469 monthly payment plan
Numbers 6710A5 477 quarterly payment plan
6710A5 485 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 8.0 % Colorado 10.7 % Illinois 7.4 %
Michigan 10.3 New York 9.7 Ohio 6.9
Rhode Island 14.4 Texas 11.0 Washington 10.3
Wisconsin 11.3
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2016-18 30.6%
2019-21 9.4%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2022-24 23.3%
2025-27 30.0%
2028+ 6.7%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 12/20/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.09%
Tax Equivalent Yield 7.95%
Treasury Bonds
Yield 6.58%
Tax Equivalent Yield 6.93%
Corporate Bonds
Yield 7.42%
</TABLE>
*COMPARES TRUST AS OF 12/20/96 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 12/19/96. 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>
----------------------------------------------------------------------------------------------------------------
$ 545,000 California Educational Facilities Authority, Revenue Bonds (Loyola AAA Aaa
Marymount University), Series 1996, 5.875% Due 10/1/16. 2006 at 102
750,000 City and County of Denver, Colorado, Airport System Revenue Bonds, Series AAA Aaa
1995A, 5.70% Due 11/15/25. 2005 at 102
500,000 Forest Preserve District of Cook County, Illinois, General Obligation Zoo AAA Aaa
Bonds, Series 1996, 5.80% Due 11/1/16. 2006 at 101
500,000 Board of Trustees of Southern Illinois University, Housing and Auxiliary AAA Aaa
Facilities System Revenue Bonds, Series 1993A, 0.00% Due 4/1/16. (Original
issue discount bonds delivered on or about June 29, 1993 at a price of
25.198% of principal amount.) No Optional
Call
750,000 City of Detroit, Michigan, Water Supply System Revenue Second Lien Bonds, AAA Aaa
Series 1995-A, 5.50% Due 7/1/25. 2005 at 101
705,000 New York State Energy Research and Development Authority, Gas Facilities AAA Aaa
Revenue Bonds, 1996 Series (The Brooklyn Union Gas Company Project), 5.50%
Due 1/1/21. 2006 at 102
500,000 Kent State University (Ohio), General Receipts Bonds, Series 1996, 5.50% AAA Aaa
Due 5/1/28. 2006 at 102
1,000,000 Rhode Island Health and Educational Building Corporation, Hospital AAA Aaa
Financing Revenue Bonds, Lifespan Obligated Group Issue, Series 1996, 5.75%
Due 5/15/23. (When issued.) 2007 at 102
750,000 Bexar Metropolitan Water District (Texas), Waterworks System Revenue Bonds, AAA Aaa
Series 1995, 5.875% Due 5/1/22. 2005 at 102
750,000 Washington Public Power Supply System, Nuclear Project No. 1 Refunding AAA Aaa
Revenue Bonds, Series 1996C, 5.50% Due 7/1/17. 2006 at 102
750,000 Wisconsin Health and Educational Facilities Authority, Revenue Bonds, AAA Aaa
Series 1996 (Meriter Hospital, Inc.), 6.00% Due 12/1/26. (When issued.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 7,500,000 TOTAL 11 BONDS FROM 10 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 12/20/96.
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 $.06. 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 $ 99.97 4.90 % 5.09% 5.17% 5.13% 5.20% 5.15% 5.22 %
500 / $50,000 99.81 4.75 5.10 5.17 5.13 5.21 5.15 5.23
1,000 / $100,000 99.55 4.50 5.12 5.20 5.15 5.23 5.17 5.25
2,500 / $250,000 99.29 4.25 5.13 5.21 5.16 5.25 5.18 5.27
5,000 / $500,000 98.52 3.50 5.17 5.27 5.20 5.31 5.22 5.33
10,000 / $1,000,000 98.01 3.00 5.20 5.31 5.23 5.35 5.25 5.37
25,000 / $2,500,000 97.51 2.50 5.22 5.35 5.26 5.39 5.28 5.41
50,000 / $5,000,000 97.01 2.00 5.25 5.38 5.28 5.42 5.30 5.44
</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>
5.09 % 7.07% 7.38% 7.95% 8.43%
5.10 7.08 7.39 7.97 8.44
5.12 7.11 7.42 8.00 8.48
5.13 7.13 7.43 8.02 8.49
5.17 7.18 7.49 8.08 8.56
5.20 7.22 7.54 8.13 8.61
5.22 7.25 7.57 8.16 8.64
5.25 7.29 7.61 8.20 8.69
</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
02/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/97 $ .5373
Monthly plan 3/15/97 .4242 $ 5.0929
Quarterly plan 5/15/97 1.2807
8/15/97 1.2807 5.1249
Semi-annual plan 5/15/97 1.2852
11/15/97 2.5704 5.1439
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.03 = 99.970
investment offering price # of units
(as of and accrued purchased
12/20/96) interest
99.970 X $5.0929 = $509.14
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN OHIO NUVEEN
INSURED UNIT TRUST 139 908
- --------------------------------------------------------------------------------
<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: December 23, 1996
ESTIMATED CURRENT RETURN:
5.01 - 5.22%
ESTIMATED LONG-TERM RETURN:
5.07 - 5.34%
</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 27.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.35 to $96.41 depending on the purchase amount
Cusip 67102G 340 monthly payment plan
Numbers 67102G 357 quarterly payment plan
67102G 365 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 Ohio
</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)
2020-21 28.5%
2022-23 28.6%
2024-25 0.0%
2026-27 28.6%
2028+ 14.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 12/20/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.01%
Tax Equivalent Yield 8.49%
Treasury Bonds
Yield 6.58%
Tax Equivalent Yield 7.11%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.42%
</TABLE>
*COMPARES TRUST AS OF 12/20/96 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 12/19/96. ASSUMES 41.0%
FEDERAL AND STATE INCOME TAX RATE AND A 7.5% 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.
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 OHIO 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 State of Ohio, Turnpike Revenue Bonds, 1996 Series A, Issued by the Ohio 2006 at 102 AAA Aaa
Turnpike Commission, 5.50% Due 2/15/26. (Original issue discount bonds
delivered on or about June 20, 1996 at a price of 93.50% of principal
amount.)
500,000 Ohio Water Development Authority, State of Ohio, Water Development Revenue 2005 at 102 AAA Aaa
Bonds, 1995 Fresh Water Series, 5.90% Due 12/1/21.
500,000 City of Cleveland, Ohio, Parking Facilities Refunding Revenue Bonds, Series 2006 at 102 AAA Aaa
1996, 5.50% Due 9/15/22.
500,000 County of Cuyahoga, Ohio, Hospital Improvement and Refunding Revenue Bonds, 2006 at 102 AAA Aaa
Series 1996A (University Hospitals Health System, Inc. Project), 5.625% Due
1/15/26.
250,000 City of Huber Heights, Ohio, Water System Revenue Bonds, Series 1995, 0.00% No Optional AAA Aaa
Due 12/1/21. (Original issue discount bonds delivered on or about September Call
29, 1995 at a price of 20.229% of principal amount.)
500,000 Kent State University (Ohio), General Receipts Bonds, Series 1996, 5.50% 2006 at 102 AAA Aaa
Due 5/1/28.
250,000 County of Warren, Ohio, Sewer System Revenue Bonds, Series 1995 (Warren 2005 at 101 AAA Aaa
County Sewer District), 5.65% Due 12/1/20.
500,000 Westerville City School District, Ohio, General Obligation Bonds, School 2006 at 102 AAA Aaa
Improvement Bonds, Series 1996, 5.65% Due 12/1/22.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM OHIO.
</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 12/20/96.
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 $.06. 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 $ 99.35 4.90 % 5.01% 5.07% 5.04% 5.11% 5.06% 5.13 %
500 / $50,000 99.19 4.75 5.02 5.08 5.05 5.12 5.07 5.13
1,000 / $100,000 98.93 4.50 5.03 5.10 5.06 5.14 5.08 5.16
2,500 / $250,000 98.67 4.25 5.04 5.11 5.08 5.15 5.10 5.17
5,000 / $500,000 97.91 3.50 5.08 5.17 5.12 5.21 5.14 5.23
10,000 / $1,000,000 97.40 3.00 5.11 5.21 5.14 5.25 5.16 5.27
25,000 / $2,500,000 96.90 2.50 5.14 5.24 5.17 5.28 5.19 5.30
50,000 / $5,000,000 96.41 2.00 5.16 5.28 5.20 5.32 5.22 5.34
</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 32.5% 36.0% 41.0% 44.0%
<C> <S> <C> <C> <C> <C>
5.01 % 7.42% 7.83% 8.49% 8.95 %
5.02 7.44 7.84 8.51 8.96
5.03 7.45 7.86 8.53 8.98
5.04 7.47 7.88 8.54 9.00
5.08 7.53 7.94 8.61 9.07
5.11 7.57 7.98 8.66 9.13
5.14 7.61 8.03 8.71 9.18
5.16 7.64 8.06 8.75 9.21
</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
02/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/97 $ .5251
Monthly plan 3/15/97 .4146 $ 4.9778
Quarterly plan 5/15/97 1.2519
8/15/97 1.2519 5.0098
Semi-annual plan 5/15/97 1.2564
11/15/97 2.5128 5.0288
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.41 = 100.593
investment offering price # of units
(as of and accrued purchased
12/20/96) interest
100.593 X $4.9778 = $500.73
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
