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<PAGE>
Rule 497(d)
Reg. No. 333-63953
National Equity Trust
Top Ten Portfolio Series 208
Supplement to Prospectus dated May 26, 1999
Revised deferred sales charge schedule:
DEFERRED SALES CHARGE DEDUCTION DATES: $5.25 on August 1, 1999 and,
thereafter, $1.75 on the 1st day of each month commencing September
1, 1999.
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