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Previous: BRIDGESTREET ACCOMMODATIONS INC, DEF 14A, 1999-04-14 |
Next: MAC-GRAY CORP, DEF 14A, 1999-04-14 |
Rule 497(d)
Registration Nos. 333-74123
333-64873
TAX EXEMPT SECURITIES TRUST
NATIONAL TRUST 234
NEW JERSEY TRUST 137
Supplement dated April 14, 1999 to Prospectus dated April 8, 1999
Effective immediately the example given in the Fee Table on page A-4 of
the prospectus for National Trust 234 is replaced and should read as follows:
EXAMPLE
<TABLE>
<CAPTION>
Cumulative Expenses
Paid for Period
-------------------------------------------------------
1 3 5 10
Year Years Years Years
------------ --------- --------- --------
<S> <C> <C> <C> <C>
An investor would pay the following expenses and
charges on a $10,000 investment, assuming the Trust's
estimated operating expense ratio of .188% and 5%
annual return on the investment throughout
the periods................................................................ $488 $528 $571 $699
Effective immediately the Example given in the Fee Table on page A-5 of
the prospectus for New Jersey Trust 137 is replaced and should read as follows:
EXAMPLE
<CAPTION>
Cumulative Expenses
Paid for Period
-------------------------------------------------------
1 3 5 10
Year Years Years Years
------------ --------- --------- --------
<S> <C> <C> <C> <C>
An investor would pay the following expenses and
charges on a $10,000 investment, assuming the Trust's
estimated operating expense ratio of .183% and 5%
annual return on the investment throughout
the periods................................................................ $488 $526 $568 $693
</TABLE>
827138.1
<PAGE>
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