<PAGE>
NUVEEN
NUVEEN NORTH CAROLINA
TRADITIONAL UNIT TRUST 305 931
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
5.20 - 5.41% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
5.26 - 5.54% - Dependable Income
DATE OF DEPOSIT: April 8, 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 25.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.30 to $96.36 depending on the purchase amount
Cusip 6710A2 854 monthly payment plan
Numbers 6710A2 862 quarterly payment plan
6710A2 870 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 57%
AA 43
---------
100%
Registration Registered in North Carolina
</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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<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2016-18 23.2%
2019-21 28.5%
2022-24 14.3%
2025+ 34.0%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 04/07/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.20%
Tax Equivalent Yield 8.81%
Treasury Bonds
Yield 7.12%
Tax Equivalent Yield 7.72%
Corporate Bonds
Yield 7.93%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 04/07/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 04/04/97. ASSUMES 41.0%
FEDERAL AND STATE INCOME TAX RATE AND A 7.75% 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.
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 NORTH CAROLINA 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 North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, AAA Aaa
Refunding Series 1996 A, 5.625% Due 1/1/24. (MBIA Insured.) 2007 at 102
500,000 North Carolina Medical Care Commission, Health Care Revenue Bonds (Carolina AA Aa3
Medicorp Project), Series 1996, 5.25% Due 5/1/26. (Original issue discount
bonds delivered on or about December 4, 1996 at a price of 93.342% of
principal amount.) 2007 at 100
500,000 Board of Governors of The University of North Carolina, University of North AA Aa3
Carolina Hospitals at Chapel Hill, Revenue Bonds, Series 1996, 5.25% Due
2/15/26. 2006 at 102
500,000 The University of North Carolina at Charlotte, Student Activity Center AAA Aaa
Student Fee Revenue Bonds, Series 1995 of the Board of Governors of the
University of North Carolina, 5.50% Due 6/1/16. (MBIA Insured.) 2005 at 102
500,000 City of Charlotte, North Carolina, Water and Sewer System Revenue Bonds, AA Aa
Series 1996, 5.25% Due 12/1/21. 2006 at 102
310,000 City of Fayetteville (North Carolina), Finance Corporation, Installment AAA Aaa
Payment Revenue Bonds (Municipal Building Projects), Series 1996, 5.625%
Due 2/1/18. (MBIA Insured.) 2006 at 102
500,000 City of Lincolnton, North Carolina, Combined Enterprise System Revenue AAA Aaa
Bonds, Series 1996, 5.375% Due 5/1/21. (MBIA Insured.) 2006 at 102
190,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. (MBIA Insured.) 2006 at 101
1/2
-----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 7 BONDS FROM NORTH CAROLINA 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 04/07/97.
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 $.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 $ 99.30 4.90 % 5.20% 5.26% 5.23% 5.30% 5.25% 5.32 %
500 / $50,000 99.14 4.75 5.20 5.27 5.24 5.31 5.26 5.33
1,000 / $100,000 98.88 4.50 5.22 5.29 5.25 5.33 5.27 5.35
2,500 / $250,000 98.62 4.25 5.23 5.31 5.26 5.35 5.28 5.37
5,000 / $500,000 97.85 3.50 5.27 5.37 5.31 5.41 5.33 5.43
10,000 / $1,000,000 97.35 3.00 5.30 5.41 5.33 5.45 5.35 5.47
25,000 / $2,500,000 96.85 2.50 5.33 5.45 5.36 5.49 5.38 5.51
50,000 / $5,000,000 96.36 2.00 5.35 5.48 5.39 5.52 5.41 5.54
</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 33.0% 36.5% 41.0% 44.5%
<C> <S> <C> <C> <C> <C>
5.20 % 7.76% 8.19% 8.81% 9.37 %
5.20 7.76 8.19 8.81 9.37
5.22 7.79 8.22 8.85 9.41
5.23 7.81 8.24 8.86 9.42
5.27 7.87 8.30 8.93 9.50
5.30 7.91 8.35 8.98 9.55
5.33 7.96 8.39 9.03 9.60
5.35 7.99 8.43 9.07 9.64
</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
05/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/97 $ .3295
Monthly plan 6/15/97 .4299 $ 5.1599
Quarterly plan 8/15/97 1.2978
11/15/97 1.2978 5.1919
Semi-annual plan 11/15/97 2.6046
5/15/98 2.6046 5.2109
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.34 = 100.664
investment offering price # of units
(as of and accrued purchased
04/07/97) interest
100.664 X $5.1599 = $519.42
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN FLORIDA NUVEEN
INSURED UNIT TRUST 242 931
- --------------------------------------------------------------------------------
<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. - Dependable Income
and/or AAA by Standard & Poor's, the highest - Diversified Portfolios
rating given by each agency. - Top-Rated Municipal Bonds
ESTIMATED CURRENT RETURN: DATE OF DEPOSIT: April 8, 1997
5.23 - 5.45%
ESTIMATED LONG-TERM RETURN:
5.31 - 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 income tax. Capital
gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 28.2 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.74 to $96.79 depending on the purchase amount
Cusip 6706H6 286 monthly payment plan
Numbers 6706H6 294 quarterly payment plan
6706H6 302 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 Florida
</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)
2017-19 7.9%
2020-22 34.9%
2023-25 14.3%
2026-28 28.6%
2029+ 14.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 04/07/97*
(Description of Yield Comparison Chart)
Nuveen UIT
Yield 5.23%
Tax Equivalent Yield 8.17%
Treasury Bonds
Yield 7.12%
Tax Equivalent Yield
Corporate Bonds
Yield 7.93%
</TABLE>
<PAGE>
*COMPARES TRUST AS OF 04/07/97 WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS
INVESTMENT GRADE LONG CORPORATE BOND INDEX AS OF 04/04/97. ASSUMES 36.0%
FEDERAL 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 FLORIDA 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 Florida, Board of Regents, University of South Florida, Housing 2006 at 101 AAA Aaa
Facility Revenue Bonds, Series 1996A, 5.50% Due 7/1/21.
500,000 Alachua County Health Facilities Authority, Florida, Health Facilities 2006 at 102 AAA Aaa
Revenue Bonds, Series 1996A (Shands Teaching Hospital and Clinics, Inc.
Project), 5.80% Due 12/1/26.
275,000 Correctional Privatization Commission (Florida), Certificates of 2005 at 102 AAA Aaa
Participation (South Bay Correctional Facility Project), Series 1995, 5.00%
Due 8/1/17.
500,000 Dade County, Florida, Aviation Revenue Bonds, Series 1996B, 5.60% Due 2006 at 102 AAA Aaa
10/1/26.
500,000 The School Board of Dade County, Florida, Certificates of Participation, 2006 at 101 AAA Aaa
Series 1996A, 5.50% Due 5/1/25. (Original issue discount bonds delivered on
or about May 1, 1996 at a price of 93.818% of principal amount.)
500,000 Dade County, Florida, Seaport General Obligation Refunding Bonds, Series 2006 at 102 AAA Aaa
1996 (General Obligation Bonds.), 5.125% Due 10/1/21.
500,000 City of Lakeland, Florida, Electric and Water Revenue Bonds, Series 1996, 2006 at 102 AAA Aaa
5.625% Due 10/1/36.
225,000 South Broward Hospital District (Florida), Hospital Refunding Revenue 2006 at 102 AAA Aaa
Bonds, Series 1996, 5.25% Due 5/1/21.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 BONDS FROM FLORIDA.
</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 04/07/97.
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 $.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 $ 99.74 4.90 % 5.23% 5.31% 5.27% 5.35% 5.28% 5.37 %
500 / $50,000 99.58 4.75 5.24 5.32 5.27 5.36 5.29 5.38
1,000 / $100,000 99.32 4.50 5.26 5.34 5.29 5.38 5.31 5.40
2,500 / $250,000 99.06 4.25 5.27 5.35 5.30 5.39 5.32 5.41
5,000 / $500,000 98.29 3.50 5.31 5.41 5.34 5.45 5.36 5.47
10,000 / $1,000,000 97.78 3.00 5.34 5.45 5.37 5.49 5.39 5.51
25,000 / $2,500,000 97.28 2.50 5.37 5.48 5.40 5.52 5.42 5.55
50,000 / $5,000,000 96.79 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 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
5.23 % 7.26% 7.58% 8.17% 8.66 %
5.24 7.28 7.59 8.19 8.68
5.26 7.31 7.62 8.22 8.71
5.27 7.32 7.64 8.23 8.73
5.31 7.38 7.70 8.30 8.79
5.34 7.42 7.74 8.34 8.84
5.37 7.46 7.78 8.39 8.89
5.39 7.49 7.81 8.42 8.92
</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
05/01/97.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 5/15/97 $ .3332
Monthly plan 6/15/97 .4347 $ 5.2196
Quarterly plan 8/15/97 1.3122
11/15/97 1.3122 5.2516
Semi-annual plan 11/15/97 2.6352
5/15/98 2.6352 5.2706
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.78 = 100.220
investment offering price # of units
(as of and accrued purchased
04/07/97) interest
100.220 X $5.2196 = $523.11
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
