This Supplement is filed pursuant to Rule 497(d) with regard to
Municipal Defined Fund Series 5
The text of the supplement to the Prospectus dated November 19, 1998 is as
follows:
Supplement dated December 15, 1998
to Prospectus dated November 19, 1998, of
Municipal Defined Fund Series 5
- --------------------------------------------------------------------------------
The figures in the Example on Page 4 should be revised as follows:
If you sell your units at the end of the period:
1 Year 3 Years 5 Years 10 Years
$321 $343 $368 $442
If you do not sell your units:
1 Year 3 Years 5 Years 10 Years
$226 $343 $368 $442