<PAGE>
NUVEEN
NUVEEN CONNECTICUT
TRADITIONAL UNIT TRUST 286 915
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.06 - 5.27% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.12 - 5.38% - Dependable Income
DATE OF DEPOSIT: January 29, 1997 - 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 25.4 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.25 to $98.26 depending on the purchase amount
Cusip 67064X 281 monthly payment plan
Numbers 67064X 299 quarterly payment plan
67064X 307 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 100%
---------
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)
2014-16 14.3%
2017-19 14.3%
2020-22 14.3%
2023-25 42.8%
2026+ 14.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/28/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.06%
Tax Equivalent Yield 8.30%
Treasury Bonds
Yield 6.94%
Tax Equivalent Yield 7.27%
Corporate Bonds
Yield 7.72%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 01/28/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 01/27/97. 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.
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>
----------------------------------------------------------------------------------------------------------------
$ 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, Connecticut College Issue, Series C-1, 5.50% Due 7/1/27. (MBIA
Insured.) 2007 at 102
500,000 State of Connecticut, Health and Educational Facilities Authority, Revenue AAA Aaa
Bonds, Connecticut State University System Issue, Series A, 5.125% Due
11/1/14. (Original issue discount bonds delivered on or about November 15,
1995 at a price of 94.804% of principal amount.)(MBIA Insured.) 2005 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 Aaa
Bonds, Yale-New Haven Hospital Issue, Series H, 5.70% Due 7/1/25. (MBIA
Insured.) 2006 at 102
500,000 State of Connecticut, Clean Water Fund Revenue Bonds, 1996 Series, 5.125% AA+ Aaa
Due 5/1/18. 2005 at 101
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)(MBIA Insured.) 2005 at 101
1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 6 BONDS FROM CONNECTICUT AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 01/28/97.
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 $ 101.25 4.90 % 5.06% 5.12% 5.09% 5.15% 5.11% 5.17 %
500 / $50,000 101.09 4.75 5.07 5.12 5.10 5.15 5.12 5.17
1,000 / $100,000 100.83 4.50 5.08 5.15 5.12 5.18 5.13 5.20
2,500 / $250,000 100.56 4.25 5.10 5.16 5.13 5.19 5.15 5.21
5,000 / $500,000 99.78 3.50 5.14 5.22 5.17 5.25 5.19 5.27
10,000 / $1,000,000 99.27 3.00 5.16 5.26 5.20 5.29 5.21 5.31
25,000 / $2,500,000 98.76 2.50 5.19 5.30 5.22 5.33 5.24 5.35
50,000 / $5,000,000 98.26 2.00 5.22 5.33 5.25 5.36 5.27 5.38
</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>
5.06 % 7.33% 7.67% 8.30% 8.80 %
5.07 7.35 7.68 8.31 8.82
5.08 7.36 7.70 8.33 8.83
5.10 7.39 7.73 8.36 8.87
5.14 7.45 7.79 8.43 8.94
5.16 7.48 7.82 8.46 8.97
5.19 7.52 7.86 8.51 9.03
5.22 7.57 7.91 8.56 9.08
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .4553
Monthly plan 4/15/97 .4269 $ 5.1255
Quarterly plan 5/15/97 .8592
8/15/97 1.2888 5.1575
Semi-annual plan 5/15/97 .8622
11/15/97 2.5866 5.1765
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.31 = 98.706
investment offering price # of units
(as of and accrued purchased
01/28/97) interest
98.706 X $5.1255 = $505.92
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN VIRGINIA
TRADITIONAL UNIT TRUST 314 915
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.06 - 5.26% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.10 - 5.38% - Dependable Income
DATE OF DEPOSIT: January 29, 1997 - 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 24.1 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.23 to $97.27 depending on the purchase amount
Cusip 6706LB 348 monthly payment plan
Numbers 6706LB 355 quarterly payment plan
6706LB 363 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 Virginia
</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)
2015-16 28.5%
2017-18 14.3%
2019-20 0.0%
2021-22 28.6%
2023+ 28.6%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/28/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.06%
Tax Equivalent Yield 8.36%
Treasury Bonds
Yield 6.94%
Tax Equivalent Yield 7.36%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 7.72%
</TABLE>
*COMPARES TRUST AS OF 01/28/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 01/27/97. ASSUMES 39.5%
FEDERAL AND STATE INCOME TAX RATE AND A 5.75% 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.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS VIRGINIA 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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)(MBIA Insured.) 2005 at 101
1/2
500,000 Virginia Commonwealth University, General Revenue Pledge Bonds, Series AA- A1
1996A, 5.625% Due 5/1/16. 2006 at 102
500,000 Commonwealth Transportation Board, Commonwealth of Virginia, Transportation AA Aa
Revenue Bonds, Series 1996A (Northern Virginia Transportation District
Program), 5.125% Due 5/15/17. 2006 at 101
500,000 Loudoun County Sanitation Authority (Virginia), Water and Sewer System AAA Aaa
Revenue Bonds, Refunding Series 1996, 5.125% Due 1/1/30. (Original issue
discount bonds delivered on or about December 17, 1996 at a price of
92.883% of principal amount.)(FGIC Insured.) 2007 at 102
500,000 City of Norfolk, Virginia, Water Revenue Bonds, Series 1995, 5.90% Due AAA Aaa
11/1/25. (MBIA Insured.) 2005 at 102
500,000 City of Richmond, Virginia, General Obligation Public Improvement Refunding AAA Aaa
Bonds, Series 1995B, 5.00% Due 1/15/21. (FGIC Insured.) 2006 at 102
500,000 Upper Occoquan Sewage Authority (Virginia), Regional Sewerage System AAA Aaa
Revenue Bonds, Series of 1995A, 5.00% Due 7/1/15. (MBIA Insured.) 2006 at 102
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 6 BONDS FROM VIRGINIA AND ONE BOND FROM THE TERRITORY OF PUERTO RICO.
</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 01/28/97.
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 $ 100.23 4.90 % 5.06% 5.10% 5.09% 5.14% 5.11% 5.16 %
500 / $50,000 100.07 4.75 5.07 5.10 5.10 5.14 5.12 5.16
1,000 / $100,000 99.81 4.50 5.08 5.13 5.11 5.17 5.13 5.19
2,500 / $250,000 99.55 4.25 5.09 5.14 5.13 5.18 5.14 5.20
5,000 / $500,000 98.78 3.50 5.13 5.20 5.17 5.24 5.18 5.26
10,000 / $1,000,000 98.27 3.00 5.16 5.24 5.19 5.28 5.21 5.30
25,000 / $2,500,000 97.76 2.50 5.19 5.28 5.22 5.32 5.24 5.34
50,000 / $5,000,000 97.27 2.00 5.21 5.32 5.25 5.36 5.26 5.38
</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 32.0% 35.0% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.06 % 7.44% 7.78% 8.36% 8.88 %
5.07 7.46 7.80 8.38 8.89
5.08 7.47 7.82 8.40 8.91
5.09 7.49 7.83 8.41 8.93
5.13 7.54 7.89 8.48 9.00
5.16 7.59 7.94 8.53 9.05
5.19 7.63 7.98 8.58 9.11
5.21 7.66 8.02 8.61 9.14
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .4505
Monthly plan 4/15/97 .4224 $ 5.0701
Quarterly plan 5/15/97 .8502
8/15/97 1.2753 5.1021
Semi-annual plan 5/15/97 .8532
11/15/97 2.5596 5.1211
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.29 = 99.710
investment offering price # of units
(as of and accrued purchased
01/28/97) interest
99.710 X $5.0701 = $505.54
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN MICHIGAN NUVEEN
INSURED UNIT TRUST 68 915
- --------------------------------------------------------------------------------
<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: January 29, 1997
ESTIMATED CURRENT RETURN:
5.13 - 5.34%
ESTIMATED LONG-TERM RETURN:
5.22 - 5.50%
</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 26.5 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.02 to $96.09 depending on the purchase amount
Cusip 67095E 559 monthly payment plan
Numbers 67095E 567 quarterly payment plan
67095E 575 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 Michigan
</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)
2016-18 14.3%
2019-21 14.3%
2022-24 14.3%
2025+ 57.1%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/28/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.13%
Tax Equivalent Yield 8.48%
Treasury Bonds
Yield 6.94%
Tax Equivalent Yield 7.33%
Corporate Bonds
Yield 7.72%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 01/28/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 01/27/97. ASSUMES 39.5%
FEDERAL AND STATE INCOME TAX RATE AND A 5.275% 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 MICHIGAN 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 Michigan State Hospital Finance Authority, Hospital Revenue Bonds (Mercy 2006 at 101 AAA Aaa
Health Services Obligated Group), 1996 Series R, 5.375% Due 8/15/26.
(Original issue discount bonds delivered on or about December 4, 1996 at a
price of 93.856% of principal amount.)
500,000 Board of Trustees of Michigan State University, General Revenue Bonds, 2006 at 101 AAA Aaa
Series 1996 A, 5.125% Due 2/15/16.
400,000 Brandon School District, in the Counties of Oakland and Lapeer, State of 2006 at 101 AAA Aaa
Michigan, 1996 School Building and Site Bonds, 5.75% Due 5/1/20. (General
Obligation Bonds.)
500,000 City of Detroit, Michigan, Water Supply System Revenue Second Lien Bonds, 2005 at 101 AAA Aaa
Series 1995-A, 5.50% Due 7/1/25.
500,000 Board of Regents of Eastern Michigan University, General Revenue Bonds, 2006 at 101 AAA Aaa
Series 1997, 5.50% Due 6/1/27.
500,000 The Economic Development Corporation of the City of Farmington Hills 2005 at 102 AAA Aaa
(Michigan), Revenue Bonds (Botsford Continuing Care Corporation Project),
Series 1995A, 5.75% Due 2/15/25.
500,000 Grand Ledge Public Schools, Counties of Eaton, Clinton and Ionia, State of 2005 at 102 AAA Aaa
Michigan, 1995 Refunding Bonds, 5.375% Due 5/1/24. (Original issue discount
bonds delivered on or about November 2, 1995 at a price of 94.75% of
principal amount.)(General Obligation Bonds.)
100,000 Lowell Area Schools, Counties of Kent and Ionia, State of Michigan, 1992 No Optional AAA Aaa
Refunding Bonds (General Obligation-Unlimited Tax), 0.00% Due 5/1/19. Call
(Original issue discount bonds delivered on or about October 6, 1992 at a
price of 18.753% of principal amount.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM MICHIGAN.
</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 01/28/97.
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 $ 99.02 4.90 % 5.13% 5.22% 5.16% 5.26% 5.18% 5.28 %
500 / $50,000 98.87 4.75 5.14 5.23 5.17 5.27 5.19 5.29
1,000 / $100,000 98.61 4.50 5.15 5.25 5.18 5.29 5.20 5.31
2,500 / $250,000 98.35 4.25 5.17 5.27 5.20 5.31 5.22 5.33
5,000 / $500,000 97.59 3.50 5.21 5.33 5.24 5.37 5.26 5.39
10,000 / $1,000,000 97.08 3.00 5.23 5.36 5.27 5.40 5.29 5.42
25,000 / $2,500,000 96.58 2.50 5.26 5.40 5.29 5.44 5.31 5.46
50,000 / $5,000,000 96.09 2.00 5.29 5.44 5.32 5.48 5.34 5.50
</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 32.0% 34.5% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
5.13 % 7.54% 7.83% 8.48% 9.00 %
5.14 7.56 7.85 8.50 9.02
5.15 7.57 7.86 8.51 9.04
5.17 7.60 7.89 8.55 9.07
5.21 7.66 7.95 8.61 9.14
5.23 7.69 7.98 8.64 9.18
5.26 7.74 8.03 8.69 9.23
5.29 7.78 8.08 8.74 9.28
</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
03/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/97 $ .4515
Monthly plan 4/15/97 .4233 $ 5.0807
Quarterly plan 5/15/97 .8520
8/15/97 1.2780 5.1127
Semi-annual plan 5/15/97 .8550
11/15/97 2.5650 5.1317
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.08 = 100.928
investment offering price # of units
(as of and accrued purchased
01/28/97) interest
100.928 X $5.0807 = $512.78
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
