EQUITY INVESTOR FD CONCEPT SER BABY BOOM ECON PORT 1999 SER, S-6/A, 1999-03-23

EQUITY INVESTOR FD CONCEPT SER BABY BOOM ECON PORT 1999 SER
S-6/A, 1999-03-23

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<PAGE>

As filed with the Securities and Exchange Commission on March 23, 1999

Registration No. 333-72365
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

------------------------------------------

Amendment No. 3
to
Form S-6

------------------------------------------

FOR REGISTRATION UNDER THE SECURITIES ACT
OF 1933 OF SECURITIES OF UNIT INVESTMENT
TRUSTS REGISTERED ON FORM N-8B-2

------------------------------------------

A. Exact name of trust:
EQUITY INVESTOR FUND
CONCEPT SERIES
BABY BOOM ECONOMY PORTFOLIOSSM 1999 SERIES
DEFINED ASSET FUNDS

B. Name of depositor:

MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
PAINEWEBBER INCORPORATED

C. Complete addresses of depositors' principal executive offices:

MERRILL LYNCH, PIERCE,
FENNER &
SMITH INCORPORATED
Unit Investment Trust
Division
P.O. Box 9051
Princeton, NJ 08543-9051 PAINEWEBBER INCORPORATED
1285 Avenue of the
Americas
New York, NY 10019

D. Names and complete addresses of agents for service:

TERESA KONCICK, ESQ.
P.O. Box 9051
Princeton, NJ 08543-9051 ROBERT E. HOLLEY
1200 Harbor Blvd.
Weehawken, NJ 07087

Copies to:
PIERRE DE SAINT PHALLE,
ESQ.
450 Lexington Avenue
New York, NY 10017

E. Title of Securities Being Registered:

An indefinite number of Units of Beneficial Interest pursuant to Rule 24f-2
promulgated under the Investment Company Act of 1940, as amended.

F. Approximate date of proposed sale to public:

As soon as practicable after the effective date of the Registration Statement.

THE REGISTRANT HEREBY REQUESTS THAT THIS REGISTRATION STATEMENT SHALL HEREAFTER
BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933
OR ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a), MAY
DETERMINE.

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<PAGE>

Defined Asset FundsSM
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Equity Investor Fund
Concept Series
Baby Boom Economy PortfoliosSM
1999 Series
(A Unit Investment Trust)
o Lifestage Portfolios
-- Adding Growth
-- Accumulating Assets
-- Adding Income
o Designed to Take Advantage of the Economic
Impact of the Baby Boom Generation
o Opportunity for Asset Allocation

-------------------------------------------------
The Securities and Exchange Commission has not
Sponsors: approved or disapproved these Securities or
Merrill Lynch, passed upon the adequacy of this prospectus. Any
Pierce, Fenner & Smith representation to the contrary is a criminal
Incorporated offense.
PaineWebber Incorporated Prospectus dated March 23, 1999.

<PAGE>
- --------------------------------------------------------------------------------

Defined Asset FundsSM
Defined Asset FundsSM is America's oldest and largest family of unit investment
trusts, with over $160 billion sponsored over the last 28 years. Defined Asset
Funds has been a leader in unit investment trust research and product
innovation. Our family of Funds helps investors work toward their financial
goals with a full range of quality investments, including municipal, corporate
and government bond portfolios, equity portfolios and international bond and
equity portfolios.

Defined Asset Funds offer a number of advantages:
o Fixed portfolio: Defined Funds follow a buy and hold investment strategy;
funds are not managed and portfolio changes are limited.
o Defined Portfolios: We choose the stocks and bonds in advance, so you know
what you're investing in.
o Professional research: Our dedicated research team seeks out stocks or bonds
appropriate for a particular fund's objectives.
o Ongoing supervision: We monitor each portfolio on an ongoing basis.
No matter what your investment goals, tolerance for risk or time horizon,
there's probably a Defined Asset Fund that suits your investment style. Your
financial professional can help you select a Defined Asset Fund that works best
for your investment portfolio.

Contents
Page
-----------
Adding Growth Portfolio
Risk/Return Summary and Portfolio.................... 3
Accumulating Assets Portfolio
Risk/Return Summary and Portfolio.................... 6
Adding Income Portfolio
Risk/Return Summary and Portfolio.................... 9
What You Can Expect From Your
Investment........................................... 12
Income............................................... 12
Records and Reports.................................. 12
The Risks You Face...................................... 12
Foreign Issuer Risk.................................. 12
Interest Rate Risk on the U.S. Treasury Securities... 13
Concentration Risk................................... 13
Financial Institutions............................... 13
Litigation and Legislation Risks..................... 14
Selling or Exchanging Units............................. 14
Sponsors' Secondary Market........................... 14
Selling Units to the Trustee......................... 14
Rollover/Exchange Option............................. 15
How The Portfolios Work................................. 16
Pricing.............................................. 16
Evaluations.......................................... 16
Income............................................... 16
Expenses............................................. 17
Portfolio Termination................................ 18
No Certificates...................................... 18
Trust Indenture...................................... 18
Legal Opinion........................................ 19
Auditors............................................. 19
Sponsors............................................. 19
Trustee.............................................. 19
Underwriters' and Sponsors' Profits.................. 19
Public Distribution.................................. 19
Code of Ethics....................................... 20
Year 2000 Issues..................................... 20
Taxes................................................... 20
Supplemental Information................................ 21
Financial Statements.................................... 22
Report of Independent Accountants.................... 22
Statements of Condition.............................. 22

2
<PAGE>
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Adding Growth Portfolio--Risk/Return Summary

1. What is the Portfolio's Objective?
The Portfolio seeks capital appreciation by investing in a
diversified portfolio of global equity securities for
approximately one year.

2. What is the Portfolio's Investment Strategy?
o The Portfolio plans to invest in a number of stocks favored
by demographic trends-- companies which should experience
growth as the 'baby boomer' generation grows older. Our
Portfolio Consultants are Wall Street veterans William
Sterling and Stephen Waite, authors of the book
'Boomernomics,' and authorities on the trends of baby
boomers. Sterling and Waite, together with their team of
financial professionals, selected the securities for this
Portfolio. They believe companies in the healthcare,
technology, telecommunications, consumer products and
financial services industries will be best positioned to
benefit from these trends and accordingly, have selected
Portfolio securities in these industries.
o The baby boomers, the generation born between 1946 and
1964, have remarkably consistent saving, spending and
life-style patterns. Past baby boomer spending patterns
appear to have a direct correlation to the growth of
certain industries that meet the needs of baby boomers.
o The Sponsors believe that as the baby boomers mature and
adjust their lives for later years, spending patterns are
likely to have a positive effect on the industries
represented in the Portfolio.
3. What countries and industries are represented in the
Portfolio?
Based on current market values, the following countries are
represented in the Portfolio:

Approximate
Portfolio
Percentage

United States 60.57%
Japan 10.05%
United Kingdom 9.07%
Netherlands 6.39%
Switzerland 3.79%
Italy 2.10%
France 2.01%
Sweden 1.99%
Australia 1.02%
Germany 1.01%
Canada 1.00%
Finland 1.00%

Based upon the principal business of each issuer and current
market values, the Portfolio represents the following
industries:

Approximate
Portfolio
Percentage

o Financial Services 28.97%
o Communications 20.09%
o Consumer Products 19.96%
o Technology 16.90%
o Health Sciences 14.08%

4. What are the Significant Risks?
You can lose money by investing in the Portfolio. This can
happen for various reasons, including:
o Stock prices can be volatile. Market factors may cause the
prices of the stocks to change.
o Because the Portfolio is concentrated in stocks of the
financial services industry, adverse developments in this
industry may affect the value of your units. Risks
associated with financial institutions include, among other
things:
-- changes in interest rates;
-- availability and cost of funds; and
-- government regulation.
o This Portfolio contains a number of foreign securities. Some
of the risks of holding foreign securities include:
-- political/economic developments;
-- withholding taxes;
-- exchange controls or local restrictions on dividend
payments;
-- currency risk;
-- less available public information; and
-- less liquidity.
o The Portfolio may continue to purchase or hold the stocks
originally selected even though their market value may have
changed or they may be subject to sell recommendations from
one or more of the Sponsors.
o Even if there are no changes in the Portfolio securities
from year to year, you still must pay tax on any gain.

3
<PAGE>
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Adding Growth Portfolio
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Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

Price Per Share
Percentage of to Portfolio Cost to Portfolio
Location and Name of Issuer* Portfolio (1) in U.S. Dollars in U.S. Dollars (2)
- ---------------------------------------------------------------------------------------------

Equity Portfolio (100%)

Australia

<S> <C> <C> <C>
1. National Australia Bank Limited+ 1.02% $ 90.0000 $ 7,560.00

Canada

2. Royal Bank of Canada+ 1.00 47.4375 7,447.69

Finland

3. Nokia Corporation+ 1.00 149.3750 7,468.75

France

4. Axa+ 2.02 68.6250 15,028.88

Germany

5. Mannesmann AG 1.01 128.2000 7,563.80

Italy

6. Assicurazioni Generali 2.10 41.7264 15,647.38

Japan

7. Fuji Soft ABC, Inc. 0.98 72.8381 7,283.81
8. Fujitsu Limited 1.88 13.9917 13,991.70
9. Nintendo Company Ltd.+ 2.06 10.7500 15,361.75
10. Nippon Telegraph & Telephone
Corporation+ 2.03 50.5000 15,099.50
11. NTT Data Corporation 1.08 8,046.0744 8,046.07
12. Sony Corporation+ 2.03 97.5000 15,112.50

Netherlands

13. AEGON N.V. 1.96 96.7362 14,607.17
14. Equant+ 1.00 84.1250 7,487.13
15. ING Groep N.V. 1.51 56.2750 11,254.99
16. Koninklijke Numico N.V. 1.92 39.0980 14,309.87

Sweden

17. Skandia Forsakrings AB 0.99 17.5760 7,399.49
18. Telefonaktiebolaget LM
Ericsson+ 0.99 22.3125 7,407.75

</TABLE>

- ------------------------------------
(1) Based on Cost to Portfolio in U.S. dollars.
(2) Valuation by the Trustee made on the basis of closing sale prices at the
evaluation time on March 22, 1999, the business day prior to the initial
date of deposit. The value of the Securities on any subsequent business day
will vary. Sponsors' loss on deposit was $1,353.04.
+ These securities are traded on U.S. exchanges and denominated in U.S.
dollars.
* Any dividends paid by a foreign corporation will be subject to withholding
tax.
------------------------------------
The securities were acquired on March 22, 1999 and are represented entirely by
contracts to purchase the securities. Any of the Sponsors may have acted as
underwriters, managers or co-managers of a public offering of the securities in
this Portfolio during the last three years. Affiliates of the Sponsors may serve
as specialists in the securities in this Portfolio on one or more stock
exchanges and may have a long or short position in any of these securities or
options on any of them, and may be on the opposite side of public orders
executed on the floor of an exchange where the securities are listed. An
officer, director or employee of any of the Sponsors may be an officer or
director of one or more of the issuers of the securities in the Portfolio. A
Sponsor may trade for its own account as an odd-lot dealer, market maker, block
positioner and/or arbitrageur in any of the securities or in options on them.
Any Sponsor, its affiliates, directors, elected officers and employee benefits
programs may have either a long or short position in any securities or in
options on them.
------------------------------------

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.
<PAGE>
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Adding Growth Portfolio
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Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds
<TABLE>
<CAPTION>

Switzerland

<S> <C> <C> <C>
19. Julius Baer Holding Ltd. 0.87% $ 3,246.7532 $ 6,493.51
20. Phonak Holding AG 0.95 1,174.2994 7,045.80
21. Roche Holdings Ltd.+ 1.01 123.5000 7,533.50
22. Zurich Allied AG 0.96 653.4518 7,187.97

United Kingdom

23. ARM Holdings PLC 1.02 43.8447 7,628.97
24. Bank of Scotland 1.99 13.4262 14,849.33
25. British Telecommunications PLC 1.02 16.4794 7,597.01
26. Glaxo Wellcome PLC 1.00 30.9559 7,460.37
27. Lloyds TSB Group PLC 2.03 15.2337 15,142.28
28. SmithKline Beecham PLC 1.02 13.4913 7,595.60
29. Vodafone Group PLC 0.98 17.1145 7,342.11

United States

30. Abbott Laboratories 1.00 48.5625 7,478.63
31. America Online, Inc. 2.04 129.9375 15,202.69
32. American Home Products
Corporation 1.00 66.6250 7,462.00
33. American International Group,
Inc. 2.01 122.0000 15,006.00
34. Amgen, Inc. 0.51 79.0625 3,795.00
35. AT&T Corporation 0.98 77.3750 7,273.25
36. BankAmerica Corporation 2.02 72.5000 15,080.00
37. Best Buy Company, Inc. 2.02 49.9375 15,081.13
38. Bristol-Myers Squibb Company 1.51 61.6250 11,277.38
39. Broadcom Corporation (Class A) 0.99 61.0625 7,388.56
40. Carnival Corporation 1.01 45.5000 7,553.00
41. Cisco Systems, Inc. 2.00 102.7500 14,898.75
42. Citigroup, Inc. 2.01 63.6250 15,015.50

</TABLE>

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.

<PAGE>
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Adding Growth Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds
<TABLE>
<CAPTION>

United States--Continued

<S> <C> <C> <C>
43. Dell Computer Corporation 1.01% $ 37.8750 $ 7,537.13
44. EMC Corporation 1.99 115.7500 14,816.00
45. Fannie Mae 1.50 67.6875 11,168.44
46. General Electric Company 1.99 110.5625 14,815.38
47. Human Genome Sciences, Inc. 0.50 33.1250 3,743.13
48. ICOS Corporation 0.50 33.3125 3,764.31
49. Intel Corporation 0.99 115.1250 7,368.00
50. International Business Machines
Corporation 2.00 167.1875 14,879.69
51. Johnson & Johnson 1.01 91.8125 7,528.63
52. Lucent Technologies, Inc. 2.01 101.0625 14,957.25
53. MCI WorldCom, Inc. 2.00 88.7500 14,910.00
54. MedImmune, Inc. 0.50 58.7500 3,701.25
55. Merck & Company, Inc. 1.01 86.3750 7,514.63
56. Microsoft Corporation 1.99 172.8125 14,861.88
57. Morgan Stanley Dean Witter &
Company 1.97 96.6250 14,687.00
58. Motorola, Inc. 0.99 72.0625 7,350.38
59. Network Appliance, Inc. 1.00 53.8750 7,488.63
60. NEXTLINK Communications, Inc.
(Class A) 0.99 53.1250 7,384.38
61. Pfizer, Inc. 1.52 143.0000 11,297.00
62. SBC Communications, Inc. 0.99 50.4375 7,363.88
63. Schering-Plough Corporation 1.00 57.8750 7,465.88
64. Texas Instruments, Inc. 2.03 100.7500 15,112.50
65. The Charles Schwab Corporation 1.98 89.0000 14,774.00
66. The Gap, Inc. 2.02 66.1875 15,024.56
67. The Home Depot, Inc. 2.00 62.3750 14,907.63
68. Time Warner, Inc. 1.98 72.0000 14,760.00
69. Wal-Mart Stores, Inc. 2.00 93.3125 14,930.00
70. Warner-Lambert Company 0.99 66.9375 7,363.13
71. Wells Fargo Company 1.01 38.9375 7,553.88
--------------- -------------------
100.00% $ 745,495.14
--------------- -------------------
--------------- -------------------

</TABLE>

5. Is this Portfolio Appropriate for You?
o The Adding Growth Portfolio was designed to meet the
financial needs of investors who still have a substantial
number of years ahead of them in the workforce, and
therefore can afford to take the risks that may yield a
better reward.
o The Adding Growth Portfolio can also represent a portion of
the equity investment in your diversified Portfolio.
o When it comes to investing, it's important to balance how
much risk you're willing to take with your investment
portfolio, with the reward that you want for the long-term.
One way to do this is to find the appropriate allocation of
stocks and bonds to provide the growth you want, with a risk
level that is comfortable for you. If you are interested in
adding growth to your investment portfolio, it may be
appropriate for you to invest heavily in stocks.
o The Portfolio is not appropriate for you if you are not
comfortable with the Strategy or are unwilling to take the
risk involved with an equity investment. It may not be
appropriate for you if you are seeking preservation of
capital or high current income.
6. What are the Portfolio's Fees and Expenses?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Portfolio.
Estimated Annual Portfolio Operating Expenses

Amount
As a % of Per 1,000
Net Assets Units
---------- -------------
.091% $ 0.90
Trustee's Fee
.045% $ 0.45
Portfolio Supervision,
Bookkeeping and
Administrative Fees
.118% $ 1.17
Other Operating Expenses
---------- -------------
.225% $ 2.52
Total

Organization Costs per 1,000 units (deducted $ 2.39
from Portfolio assets November 1, 1999)

As a % of
Net Assets
-----------
0.15%
Portfolio Consultant's Fee
(Accrued daily)

Investor Fees
2.75%
Maximum Sales Fee (Load) on new purchases (as
a percentage of $1,000 invested)

The maximum sales fees are as follows:

Your maximum
sales fee
If you invest: will be:
---------------------------------------- ---------------
Less than $50,000 2.75%
$50,000 to $99,999 2.50%
$100,000 to $249,999 2.00%
$250,000 to $999,999 1.75%
$1,000,000 or more 1.00%

Example
This example may help you compare the cost of investing in
the Portfolio to the cost of investing in other funds.
The example assumes that you invest $10,000 in the
Portfolio for the periods indicated and sell all your
units at the end of those periods. The example also
assumes a 5% return on your investment each year and that
the Portfolio's operating expenses stay the same. Although
your actual costs may be higher or lower, based on these
assumptions your costs would be:

1 Year 3 Years 5 Years 10 Years
$342 $845 $1,375 $2,823

7. Is the Portfolio Managed?
Unlike a mutual fund, the Portfolio is not managed and
stocks are not sold because of market changes. The Sponsors
monitor the Portfolio and may instruct the Trustee to sell
securities under certain limited circumstances. However,
given the investment philosophy of the Portfolio, the
Sponsor is not likely to do so.

4
<PAGE>
Adding Growth Portfolio Risk/Return Summary (Continued)

8. How do I Buy Units?
The minimum investment is $250.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply. Employees of certain Sponsors
and Sponsor affiliates and non-employee directors of certain
of the Sponsors may purchase units at a reduced sales fee.

Unit Price per 1,000 Units $999.95
(as of March 22, 1999)
Unit price is based on the net asset value of the Portfolio
plus the up-front sales fee.
Unit price also includes the organization costs shown above,
to which no sales fee has been applied. Domestic Portfolio
stocks are valued by the Trustee on the basis of their
closing prices at 4:00 p.m. Eastern time, and foreign
Portfolio stocks are valued at the U.S. dollar exchange rate
at 2:30 p.m. Eastern time, every business day. Unit price
changes every day with changes in the prices of the stocks.

9. How do I Sell Units?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale, less any remaining deferred
sales fee and the costs of liquidating securities to meet
the redemption.

10. How are Distributions Made and Taxed?
The Portfolio pays distributions of any dividend income, net
of expenses, on the 25th of August and December, 1999, if
you own units on the 10th of those months. Distributions of
ordinary income will be dividends for federal income tax
purposes and may be eligible for the dividends-received
deduction for corporations. Distributions to foreign
investors will generally be subject to withholding taxes.
11. What Other Services are Available?
Reinvestment
You may choose to reinvest your distributions into
additional units of the Portfolio. You will pay only the
deferred sales fee remaining at the time of reinvestment.
Unless you choose reinvestment, you will receive your income
distributions in cash.
Exchange Privileges
You may exchange units of this Portfolio for units of
certain other Defined Asset Funds. You may also exchange
into this Portfolio from certain other funds. We charge a
reduced sales fee on exchanges.

5
<PAGE>
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Accumulating Assets Portfolio--Risk/Return Summary

1. What is the Portfolio's Objective?
The Portfolio seeks total return through capital
appreciation and current income by investing approximately
75% of its assets in a diversified portfolio of global
equity securities and approximately 25% of its assets in
fixed-income securities for approximately one year.
2. What is the Portfolio's Investment Strategy?
o The Portfolio plans to invest approximately 75% of its
assets in a number of stocks favored by demographic
trends--companies which should experience growth as the
'baby boomer' generation grows older. Our Portfolio
Consultants are Wall Street veterans William Sterling and
Stephen Waite, authors of the book 'Boomernomics,' and
authorities on the trends of baby boomers. Sterling and
Waite, together with their team of financial professionals,
selected the securities for this Portfolio. They believe
companies in the healthcare, technology, telecommunications,
consumer products and financial services industries will be
best positioned to benefit from these trends and
accordingly, have selected Portfolio securities in these
industries.
o The baby boomers, the generation born between 1946 and 1964,
have remarkably consistent saving, spending, and life-style
patterns. Past baby boomer spending patterns appear to have
a direct correlation to the growth of certain industries
that meet the needs of baby boomers.
o The Sponsors believe that as the baby boomers mature and
adjust their lives for later years, spending patterns are
likely to have a positive effect on the industries
represented in the Portfolio.
o The Portfolio will invest approximately 25% of its assets in
fixed-income securities consisting of U.S. Government
Treasury Securities with various maturities.

3. What countries and industries are represented in the
Portfolio?
Based on current market values, the following countries are
represented in the Portfolio:

Approximate
Portfolio
Percentage

United States--Equity 45.45%
United States--Fixed Income 24.96%
Japan 7.54%
United Kingdom 6.81%
Netherlands 4.80%
Switzerland 2.84%
Italy 1.58%
France 1.51%
Sweden 1.49%
Australia 0.76%
Germany 0.76%
Canada 0.75%
Finland 0.75%

Based upon the principal business of each equity issuer and
current market values, the Portfolio represents the
following industries:

Approximate
Portfolio
Percentage

o Financial Services 20.63%
o Communications 15.47%
o Health Sciences 14.66%
o Technology 12.30%
o Consumer Products 11.98%

In addition, approximately 24.96% of the Portfolio is
invested in U.S. Government Treasury Securities.
4. What are the Significant Risks?
You can lose money by investing in the Portfolio. This can
happen for various reasons, including:
o This Portfolio contains a number of foreign securities. Some
of the risks of holding foreign securities include:
o Stock prices can be volatile. Market factors may cause the
prices of the stocks to change.
--political/economic developments;
--withholding taxes;

6
<PAGE>
- --------------------------------------------------------------------------------
Accumulating Assets Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

Equity Portfolio (75%)

Australia

<S> <C> <C> <C>
1. National Australia Bank Limited+ 0.76% $ 90.0000 $ 7,560.00

Canada

2. Royal Bank of Canada+ 0.75 47.4375 7,447.69

Finland

3. Nokia Corporation+ 0.75 149.3750 7,468.75

France

4. Axa+ 1.51 68.6250 15,028.88

Germany

5. Mannesmann AG 0.76 128.2000 7,563.80

Italy

6. Assicurazioni Generali 1.57 41.7264 15,647.38

Japan

7. Fuji Soft ABC, Inc. 0.73 72.8381 7,283.81
8. Fujitsu Limited 1.41 13.9917 13,991.70
9. Nintendo Company Ltd.+ 1.55 10.7500 15,361.75
10. Nippon Telegraph & Telephone
Corporation+ 1.52 50.5000 15,099.50
11. NTT Data Corporation 0.81 8,046.0744 8,046.07
12. Sony Corporation+ 1.52 97.5000 15,112.50

Netherlands

13. AEGON N.V. 1.47 96.7362 14,607.17
14. Equant+ 0.75 84.1250 7,487.13
15. ING Groep N.V. 1.13 56.2750 11,254.99
16. Koninklijke Numico N.V. 1.44 39.0980 14,309.87

Sweden

17. Skandia Forsakrings AB 0.74 17.5760 7,399.49
18. Telefonaktiebolaget LM
Ericsson+ 0.75 22.3125 7,407.75

</TABLE>

underwriters, managers or co-managers of a public offering of the securities in
this Portfolio during the last three years. Affiliates of the Sponsors may serve
as specialists in the securities in this Portfolio on one or more stock
exchanges and may have a long or short position in any of these securities or
options on any of them, and may be on the opposite side of public orders
executed on the floor of an exchange where the securities are listed. An
officer, director or employee of any of the Sponsors may be an officer or
director of one or more of the issuers of the securities in the Portfolio. A
Sponsor may trade for its own account as an odd-lot dealer, market maker, block
positioner and/or arbitrageur in any of the securities or in options on them.
Any Sponsor, its affiliates, directors, elected officers and employee benefits
programs may have either a long or short position in any securities or in
options on them.
------------------------------------

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.
<PAGE>
- --------------------------------------------------------------------------------
Accumulating Assets Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

Switzerland

<S> <C> <C> <C>
19. Julius Baer Holding Ltd. 0.65% $ 3,246.7532 $ 6,493.51
20. Phonak Holding AG 0.71 1,174.2994 7,045.80
21. Roche Holdings Ltd.+ 0.76 123.5000 7,533.50
22. Zurich Allied AG 0.72 653.4518 7,187.97

United Kingdom

23. ARM Holdings PLC 0.77 43.8447 7,628.97
24. Bank of Scotland 1.49 13.4262 14,849.33
25. British Telecommunications PLC 0.76 16.4794 7,597.01
26. Glaxo Wellcome PLC 0.75 30.9559 7,460.37
27. Lloyds TSB Group PLC 1.52 15.2337 15,142.28
28. SmithKline Beecham PLC 0.76 13.4913 7,595.60
29. Vodafone Group PLC 0.74 17.1145 7,342.11

United States

30. Abbott Laboratories 0.75 48.5625 7,478.63
31. America Online, Inc. 1.53 129.9375 15,202.69
32. American Home Products
Corporation 0.75 66.6250 7,462.00
33. American International Group,
Inc. 1.51 122.0000 15,006.00
34. Amgen, Inc. 0.38 79.0625 3,795.00
35. AT&T Corporation 0.73 77.3750 7,273.25
36. BankAmerica Corporation 1.52 72.5000 15,080.00
37. Best Buy Company, Inc. 1.52 49.9375 15,081.13
38. Bristol-Myers Squibb Company 1.14 61.6250 11,277.38
39. Broadcom Corporation (Class A) 0.74 61.0625 7,388.56
40. Carnival Corporation 0.76 45.5000 7,553.00
41. Cisco Systems, Inc. 1.50 102.7500 14,898.75
42. Citigroup, Inc. 1.51 63.625 15,015.50

</TABLE>

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.
<PAGE>
- --------------------------------------------------------------------------------
Accumulating Assets Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

United States--Continued

<S> <C> <C> <C>
43. Dell Computer Corporation 0.76% $ 37.8750 $ 7,537.13
44. EMC Corporation 1.49 115.7500 14,816.00
45. Fannie Mae 1.12 67.6875 11,168.44
46. General Electric Company 1.49 110.5625 14,815.38
47. Human Genome Sciences, Inc. 0.38 33.1250 3,743.13
48. ICOS Corporation 0.38 33.3125 3,764.31
49. Intel Corporation 0.74 115.1250 7,368.00
50. International Business Machines
Corporation 1.50 167.1875 14,879.69
51. Johnson & Johnson 0.76 91.8125 7,528.63
52. Lucent Technologies, Inc. 1.51 101.0625 14,957.25
53. MCI WorldCom, Inc. 1.50 88.7500 14,910.00
54. MedImmune, Inc. 0.37 58.7500 3,701.25
55. Merck & Company, Inc. 0.76 86.3750 7,514.63
56. Microsoft Corporation 1.50 172.8125 14,861.88
57. Morgan Stanley Dean Witter &
Company 1.48 96.6250 14,687.00
58. Motorola, Inc. 0.74 72.0625 7,350.38
59. Network Appliance, Inc. 0.75 53.8750 7,488.63
60. NEXTLINK Communications, Inc.
(Class A) 0.74 53.1250 7,384.38
61. Pfizer, Inc. 1.14 143.0000 11,297.00
62. SBC Communications, Inc. 0.74 50.4375 7,363.88
63. Schering-Plough Corporation 0.75 57.8750 7,465.88
64. Texas Instruments, Inc. 1.52 100.7500 15,112.50
65. The Charles Schwab Corporation 1.49 89.0000 14,774.00
66. The Gap, Inc. 1.51 66.1875 15,024.56
67. The Home Depot, Inc. 1.50 62.3750 14,907.63
68. Time Warner, Inc. 1.49 72.0000 14,760.00
69. Wal-Mart Stores, Inc. 1.50 93.3125 14,930.00
70. Warner-Lambert Company 0.74 66.9375 7,363.13
71. Wells Fargo Company 0.76 38.9375 7,553.88
--------------- -------------------
75.04% $ 745,495.14
--------------- -------------------
--------------- -------------------
</TABLE>

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

Percentage of
Portfolio Title S&P Rating Face Amount Coupon Portfolio
- ---------------------------------------------------------------------------------------------------------
U.S. Government Treasury Securities (25%)

<S> <C> <C> <C>
Note AAA 49,000 5.50% 4.97%
Note AAA 49,000 6.25% 5.06%
Note AAA 49,000 6.25% 5.08%
Note AAA 49,000 5.50% 4.99%
Note AAA 49,000 4.75% 4.87%
--------------
24.97%
--------------
--------------

Cost
Portfolio Title Maturity To Portfolio
- -------------------------------------------------------------------------------------------------
U.S. Government Treasury Securities (25%)
Note 03/31/00 $ 49,367.25
Note 04/30/01 $ 50,224.75
Note 02/28/02 $ 50,515.82
Note 03/31/03 $ 49,566.20
Note 02/15/04 $ 48,356.88
------------------
Total Cost of Treasuries: $ 248,030.90
------------------
------------------
Total Cost $ 993,526.04
------------------
------------------
</TABLE>

------------------------------------

Please note that if this prospectus is used as a preliminary
prospectus
for a future Portfolio in this Series, the Portfolio will
contain different
bonds from those described above.
<PAGE>

Accumulating Assets Portfolio Risk/Return Summary (Continued)

-- exchange controls or local restrictions on dividend
payments;
-- currency risk;
-- less available public information; and
-- less liquidity.
o Rising interest rates will reduce the value of the bonds.
o Generally, bonds with longer maturities will change in value
more than those with shorter maturities.
o You may suffer a loss if the prices of the stocks and bonds
decline prior to the termination of the portfolio or any
earlier time that you may sell your units.
o The asset allocation percentages of the Portfolio are
calculated as of the date of deposit. Asset allocation
percentages may vary on any subsequent day due to
fluctuations in the market value of the Portfolio
securities.
o Even if there are no changes in the Portfolio securities
from year to year, you still must pay taxes on any gain.
o The Portfolio may continue to purchase or hold the
securities originally selected even though their market
value may have changed, or they may be subject to sell
recommendations from one or more of the Sponsors.
5. Is this Portfolio Appropriate for You?
o The Accumulating Assets Portfolio was designed to meet the
financial needs of investors who are generally in their
prime earning years. While they frequently can afford to
invest more of their money, they have less time in the
workforce to recover assets in the event of a loss in the
stock market.
o When it comes to investing, it's important to balance how
much risk you're willing to take with your investment
portfolio, with the reward that you want for the long-term.
One way to do this is to find the appropriate allocation of
stocks and bonds to provide the growth you want, with a risk
level that is comfortable for you. If accumulating assets is
your investment goal, you may want to take a more moderate
approach to stocks, and include bonds to help offset your
risk.
o The Portfolio is not appropriate for you if you are not
comfortable with the Strategy or are unwilling to take the
risk involved with an equity investment. It may not be
appropriate if you want a speculative investment that
changes to take advantage of market movements, or if you are
seeking preservation of capital or high current income.
6. What are the Portfolio's Fees and Expenses?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Portfolio.

Estimated Annual Portfolio Operating Expenses

Amount
As a % of Per 1,000
Net Assets Units
---------- -----------
.091% $ 0.90
Trustee's Fee
.005% $ 0.05
Evaluator's Fee
.045% $ 0.45
Portfolio Supervision,
Bookkeeping and
Administrative Fees
.164% $ 1.62
Other Operating Expenses
---------- -----------
.305% $ 3.02
Total

Organization Costs per 1,000 units (deducted $ 1.99
from Portfolio assets November 1, 1999)

As a % of
Net Assets
-----------
0.15%
Portfolio Consultant's Fee
(Accrued daily)

Investor Fees
2.75%
Maximum Sales Fee (Load) on new purchases (as
a percentage of $1,000 invested)

<PAGE>

Accumulating Assets Portfolio--Risk/Return Summary (continued)

The maximum sales fees are as follows:

Your maximum
sales fee
If you invest: will be:
---------------------------------------- ----------------
Less than $50,000 2.75%
$50,000 to $99,999 2.50%
$100,000 to $249,999 2.00%
$250,000 to $999,999 1.75%
$1,000,000 or more 1.00%

Example
This example may help you compare the cost of investing in
the Portfolio to the cost of investing in other portfolios.
The example assumes that you invest $10,000 in the Portfolio
for the periods indicated and sell all your units at the end
of those periods. The example also assumes a 5% return on
your investment each year and that the Portfolio's operating
expenses stay the same. Although your actual costs may be
higher or lower, based on these assumptions your costs would
be:

1 Year 3 Years 5 Years 10 Years
$343 $848 $1,380 $2,833

7. Is the Portfolio Managed?
Unlike a mutual fund, the Portfolio is not managed and
securities are not sold because of market changes. The
Sponsors monitor the Portfolio and may instruct the Trustee
to sell securities under certain limited circumstances.
However, given the investment philosophy of the Portfolio,
the Sponsor is not likely to do so.
8. How do I Buy Units?
The minimum investment is $250.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply. Employees of certain Sponsors
and Sponsor affiliates and non-employee directors of certain
of the Sponsors may purchase units at a reduced sales fee.
Unit Price per 1,000 Units $999.96
(as of March 22, 1999)
Unit price is based on the net asset value of
the Portfolio plus the up-front sales fee. An
amount equal to any principal cash, as well

as net accrued but undistributed interest on the unit, is
added to the unit price. Unit price also includes the
organization costs shown on page 7, to which no sales fee
has been applied. Domestic Portfolio securities are valued
by the Trustee on the basis of their closing prices at 4:00
p.m. Eastern time, and foreign Portfolio stocks are valued
at the U.S. dollar exchange rate at 2:30 p.m. Eastern time,
every business day.
An independent evaluator prices the bonds at 3:30 p.m.
Eastern time every business day, during the initial
offering period and any subsequent offering periods
designated by the Sponsors, at a price at which the bonds
can be directly purchased by the public assuming they were
available, and at all other times on the basis of current
bid prices.
Unit price changes every day with changes in the prices of
the securities in the Portfolio.
9. How do I Sell Units?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale, less any remaining deferred
sales fee and the costs of liquidating securities to meet
the redemption.
10. How are Distributions Made and Taxed?
The Portfolio pays distributions of any dividend income,
net of expenses, on the 25th of August and December, 1999,
if you own units on the 10th of those months. Distributions
of ordinary income will be dividends for federal income tax
purposes and may be eligible for the dividends-received
deduction for corporations. Distributions to foreign
investors will generally be subject to withholding taxes.
11. What Other Services are Available?
Reinvestment
You may choose to reinvest your distributions into
additional units of the Portfolio. You will pay only the
deferred sales fee remaining at the time of reinvestment.
Unless you choose reinvestment, you will receive your
income distributions in cash.
Exchange Privileges
You may exchange units of this Portfolio for units of
certain other Defined Asset Funds. You may also exchange
into this Portfolio from certain other funds. We charge a
reduced sales fee on exchanges.

<PAGE>
- --------------------------------------------------------------------------------

Adding Income Portfolio--Risk/Return Summary

1. What is the Portfolio's Objective?
The Portfolio seeks total return through capital
appreciation and current income by investing approximately
50% of its assets in a diversified portfolio of global
equity securities and approximately 50% of its assets in
fixed-income securities for approximately one year.

2. What is the Portfolio's Investment Strategy?
o The Portfolio plans to invest approximately 50% of its
assets in a number of stocks favored by demographic
trends--companies which should experience growth as the
'baby boomer' generation grows older. Our Portfolio
Consultants are Wall Street veterans William Sterling and
Stephen Waite, authors of the book 'Boomernomics,' and
authorities on the trends of baby boomers. Sterling and
Waite, together with their team of financial professionals,
selected the securities for this Portfolio. They believe
companies in the healthcare, technology, telecommunications,
consumer products and financial services industries will be
best positioned to benefit from these trends and
accordingly, have selected Portfolio securities in these
industries.
o The baby boomers, the generation born between 1946 and 1964,
have remarkably consistent saving, spending, and life-style
patterns. Past baby boomer spending patterns appear to have
a direct correlation to the growth of certain industries
that meet the needs of baby boomers.
o The Sponsors believe that as the baby boomers mature and
adjust their lives for later years, spending patterns are
likely to have a positive effect on the industries
represented in the Portfolio.
o The Portfolio will invest approximately 50% of its assets in
fixed-income securities consisting of U.S. Government
Treasury Securities with various maturities.

3. What countries and industries are represented in the
Portfolio?
Based on currrent market values, the following countries are
represented in the portfolio:

Approximate
Portfolio
Percentage

United States--Fixed Income 49.95%
United States--Equity 30.31%
Japan 5.03%
United Kingdom 4.54%
Netherlands 3.20%
Switzerland 1.90%
Italy 1.05%
France 1.01%
Sweden 0.99%
Australia 0.51%
Germany 0.51%
Canada 0.50%
Finland 0.50%

Based upon the principal business of each
equity issuer and current market values, the portfolio
represents the following industries:

Approximate
Portfolio
Percentage

o Financial Services 13.76%
o Communications 10.32%
o Health Sciences 9.78%
o Technology 8.20%
o Consumer Products 7.99%

In addition, approximately 49.95% of the Portfolio is
invested in U.S. Government Treasury Securities.
4. What are the Significant Risks?
You can lose money by investing in the Portfolio. This can
happen for various reasons, including:
o Stock prices can be volatile. Market factors may cause the
prices of the stocks to change.
This Portfolio contains a number of foreign securities. Some
of the risks of holding foreign securities include:
-- political/economic developments;
-- withholding taxes;
-- exchange controls or local restrictions on dividend
payments;
-- currency risk;
-- less available public information; and
-- less liquidity.
o Rising interest rates will reduce the value of the bonds.
o Generally, bonds with longer maturities will change in value
more than those with shorter maturities.

9
<PAGE>
- --------------------------------------------------------------------------------
Adding Income Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

Equity Portfolio (50%)

Australia

<S> <C> <C> <C>
1. National Australia Bank Limited+ 0.51% $ 90.0000 $ 7,560.00

Canada

2. Royal Bank of Canada+ 0.50 47.4375 7,447.69

Finland

3. Nokia Corporation+ 0.50 149.3750 7,468.75

France

4. Axa+ 1.01 68.6250 15,028.88

Germany

5. Mannesmann AG 0.51 128.2000 7,563.80

Italy

6. Assicurazioni Generali 1.05 41.7264 15,647.38

Japan

7. Fuji Soft ABC, Inc. 0.49 72.8381 7,283.81
8. Fujitsu Limited 0.94 13.9917 13,991.70
9. Nintendo Company Ltd.+ 1.03 10.7500 15,361.75
10. Nippon Telegraph & Telephone
Corporation+ 1.01 50.5000 15,099.50
11. NTT Data Corporation 0.54 8,046.0744 8,046.07
12. Sony Corporation+ 1.01 97.5000 15,112.50

Netherlands

13. AEGON N.V. 0.98 96.7362 14,607.17
14. Equant+ 0.50 84.1250 7,487.13
15. ING Groep N.V. 0.76 56.2750 11,254.99
16. Koninklijke Numico N.V. 0.96 39.0980 14,309.87

Sweden

17. Skandia Forsakrings AB 0.50 17.5760 7,399.49
18. Telefonaktiebolaget LM
Ericsson+ 0.50 22.3125 7,407.75

</TABLE>

contracts to purchase the securities. Any of the Sponsors may have acted as
underwriters, managers or co-managers of a public offering of the securities in
this Portfolio during the last three years. Affiliates of the Sponsors may serve
as specialists in the securities in this Portfolio on one or more stock
exchanges and may have a long or short position in any of these securities or
options on any of them, and may be on the opposite side of public orders
executed on the floor of an exchange where the securities are listed. An
officer, director or employee of any of the Sponsors may be an officer or
director of one or more of the issuers of the securities in the Portfolio. A
Sponsor may trade for its own account as an odd-lot dealer, market maker, block
positioner and/or arbitrageur in any of the securities or in options on them.
Any Sponsor, its affiliates, directors, elected officers and employee benefits
programs may have either a long or short position in any securities or in
options on them.
------------------------------------

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.
<PAGE>
- --------------------------------------------------------------------------------
Adding Income Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

<TABLE>
<CAPTION>
Price Per Share
Percentage of to Portfolio Cost to Portfolio
Location and Name of Issuer* Portfolio (1) in U.S. Dollars in U.S. Dollars (2)
- ---------------------------------------------------------------------------------------------

Switzerland

<S> <C> <C> <C>
19. Julius Baer Holding Ltd. 0.44 3,246.7532 6,493.51
20. Phonak Holding AG 0.47 1,174.2994 7,045.80
21. Roche Holdings Ltd.+ 0.51 123.5000 7,533.50
22. Zurich Allied AG 0.48 653.4518 7,187.97

United Kingdom

23. ARM Holdings PLC 0.51 43.8447 7,628.97
24. Bank of Scotland 1.00 13.4262 14,849.33
25. British Telecommunications PLC 0.51 16.4794 7,597.01
26. Glaxo Wellcome PLC 0.50 30.9559 7,460.37
27. Lloyds TSB Group PLC 1.02 15.2337 15,142.28
28. SmithKline Beecham PLC 0.51 13.4913 7,595.60
29. Vodafone Group PLC 0.49 17.1145 7,342.11

United States

30. Abbott Laboratories 0.50 48.5625 7,478.63
31. America Online, Inc. 1.02 129.9375 15,202.69
32. American Home Products
Corporation 0.50 66.6250 7,462.00
33. American International Group,
Inc. 1.01 122.0000 15,006.00
34. Amgen, Inc. 0.25 79.0625 3,795.00
35. AT&T Corporation 0.49 77.3750 7,273.25
36. BankAmerica Corporation 1.01 72.5000 15,080.00
37. Best Buy Company, Inc. 1.01 49.9375 15,081.13
38. Bristol-Myers Squibb Company 0.76 61.6250 11,277.38
39. Broadcom Corporation (Class A) 0.50 61.0625 7,388.56
40. Carnival Corporation 0.51 45.5000 7,553.00
41. Cisco Systems, Inc. 1.00 102.7500 14,898.75
42. Citigroup, Inc. 1.01 63.6250 15,015.50

</TABLE>

Please note that if this prospectus is used as a preliminary
prospectus
for a future portfolio in this Series, the Portfolio will
contain different
stocks from those described above.
<PAGE>
- --------------------------------------------------------------------------------
Adding Income Portfolio
- --------------------------------------------------------------------------------

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

United States--Continued

<S> <C> <C> <C>
43. Dell Computer Corporation 0.51 37.8750 7,537.13
44. EMC Corporation 0.99 115.7500 14,816.00
45. Fannie Mae 0.75 67.6875 11,168.44
46. General Electric Company 0.99 110.5625 14,815.38
47. Human Genome Sciences, Inc. 0.25 33.1250 3,743.13
48. ICOS Corporation 0.25 33.3125 3,764.31
49. Intel Corporation 0.49 115.1250 7,368.00
50. International Business Machines
Corporation 1.00 167.1875 14,879.69
51. Johnson & Johnson 0.51 91.8125 7,528.63
52. Lucent Technologies, Inc. 1.00 101.0625 14,957.25
53. MCI WorldCom, Inc. 1.00 88.7500 14,910.00
54. MedImmune, Inc. 0.25 58.7500 3,701.25
55. Merck & Company, Inc. 0.50 86.3750 7,514.63
56. Microsoft Corporation 1.00 172.8125 14,861.88
57. Morgan Stanley Dean Witter &
Company 0.99 96.6250 14,687.00
58. Motorola, Inc. 0.49 72.0625 7,350.38
59. Network Appliance, Inc. 0.50 53.8750 7,488.63
60. NEXTLINK Communications, Inc.
(Class A) 0.50 53.1250 7,384.38
61. Pfizer, Inc. 0.76 143.0000 11,297.00
62. SBC Communications, Inc. 0.49 50.4375 7,363.88
63. Schering-Plough Corporation 0.50 57.8750 7,465.88
64. Texas Instruments, Inc. 1.01 100.7500 15,112.50
65. The Charles Schwab Corporation 0.99 89.0000 14,774.00
66. The Gap, Inc. 1.01 66.1875 15,024.56
67. The Home Depot, Inc. 1.00 62.3750 14,907.63
68. Time Warner, Inc. 0.99 72.0000 14,760.00
69. Wal-Mart Stores, Inc. 1.00 93.3125 14,930.00
70. Warner-Lambert Company 0.49 66.9375 7,363.13
71. Wells Fargo Company 0.51 38.9375 7,553.88
--------------- -------------------
Subtotal 50.05% $ 745,495.14
--------------- -------------------
--------------- -------------------

</TABLE>

Baby Boom Economy Portfolios 1999 Series
Defined Asset Funds

<S> <C> <C> <C>
Note AAA 147,000 5.50% 9.94%
Note AAA 147,000 6.25% 10.12%
Note AAA 147,000 6.25% 10.17%
Note AAA 147,000 5.50% 9.98%
Note AAA 147,000 4.75% 9.74%
--------------
49.95%
--------------
--------------

Cost
Portfolio Title Maturity To Portfolio
- -------------------------------------------------------------------------------------------------
U.S. Government Treasury Securities (50%)
Note 03/31/00 $ 148,101.76
Note 04/30/01 $ 150,674.26
Note 02/28/02 $ 151,547.45
Note 03/31/03 $ 148,698.59
Note 02/15/04 $ 145,070.63
------------------
Total Cost of Treasuries: $ 744,092.69
------------------
------------------
Total Cost $ 1,489,587.83
------------------
------------------
</TABLE>

------------------------------------

Please note that if this prospectus is used as a preliminary
prospectus
for a future Portfolio in this Series, the Portfolio will
contain different
bonds from those described above.
<PAGE>

Adding Income Portfolio Risk/Return Summary (Continued)

o You may suffer a loss if the prices of the stocks and bonds
decline prior to the termination of the portfolio or any
earlier time that you may sell your units.
o The asset allocation percentages of the Portfolio are
calculated as of the date of deposit. Asset allocation
percentages may vary on any subsequent day due to
fluctuations in the market value of the Portfolio
securities.
o Even if there are no changes in the Portfolio securities
from year to year, you still must pay tax on any gain.
o The Portfolio may continue to purchase or hold the stocks
originally selected even though their market value may have
changed or they may be subject to sell recommendations from
one or more of the Sponsors.
5. Is this Portfolio Appropriate for You?
o The Adding Income Portfolio was designed to meet the
financial needs of investors who are generally looking
toward retirement. While a conservative level of growth is
still important for these investors, they may want to also
reduce their risk and preserve their capital for the years
to come.
o When it comes to investing, it's important to balance how
much risk you're willing to take with your investment
portfolio, with the reward that you want for the long-term.
One way to do this is to find the appropriate allocation of
stocks and bonds to provide the growth you want, with a risk
level that is comfortable for you. If you need current
income, a healthy portion of bonds may be a good idea for
your investment portfolio. You may also want to include
stocks for a conservative level of growth.
o The Portfolio is not appropriate for you if you are not
comfortable with the Strategy or are unwilling to take the
risk involved with an equity investment. It may not be
appropriate if you want a speculative investment that
changes to take advantage of market movements, or if you are
seeking preservation of capital or high current income.
6. What are the Portfolio's Fees and Expenses?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Portfolio.

Estimated Annual Portfolio Operating Expenses

Amount
As a % of Per 1,000
Net Assets Units
---------- -----------
.091% $ 0.90
Trustee's Fee
.005% $ 0.05
Evaluator's Fee
.045% $ 0.45
Portfolio Supervision,
Bookkeeping and
Administrative Fees
.160% $ 1.58
Other Operating Expenses
---------- -----------
.301% $ 2.98
Total

Organization Costs per 1,000 units (deducted $ 2.03
from Portfolio assets November 1, 1999)

As a % of
Net Assets
-----------
0.15%
Portfolio Consultant's Fee
(Accrued daily)

Investor Fees
2.75%
Maximum Sales Fee (Load) on new purchases (as
a percentage of $1,000 invested)

If you purchase your units on the initial date of deposit,
you will pay an up-front sales fee of 1.00%, as well as a
total deferred sales fee of $17.50 ($2.50 per 1,000 units
deducted from the Portfolio's net asset value in seven
monthly payments beginning July 1, 1999). If you purchase
your units after the initial date of deposit you will pay 1%
up front plus the aggregate amount of any remaining
installments of the deferred sales fee deducted monthly.
The maximum sales fees are as follows:
Your maximum
sales fee
If you invest: will be:
---------------------------------------- ---------------
Less than $50,000 2.75%
$50,000 to $99,999 2.50%
$100,000 to $249,999 2.00%
$250,000 to $999,999 1.75%
$1,000,000 or more 1.00%

10
<PAGE>

Adding Income Portfolio Risk/Return Summary (continued)

1 Year 3 Years 5 Years 10 Years
$343 $848 $1,380 $2,833

7. Is the Portfolio Managed?
Unlike a mutual fund, the Portfolio is not managed and
securities are not sold because of market changes. The
Sponsors monitor the Portfolio and may instruct the Trustee
to sell securities under certain limited circumstances.
However, given the investment philosophy of the Portfolio,
the Sponsors are not likely to do so.
8. How do I Buy Units?
The minimum investment is $250.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply. Employees of certain Sponsors
and Sponsor affiliates and non-employee directors of certain
of the Sponsors may purchase units at a reduced sales fee.

Unit Price per 1,000 Units $999.96
(as of March 22, 1999)
Unit price is based on the net asset value of the Portfolio
plus the up-front sales fee. An amount equal to any
principal cash, as well as net accrued but undistributed
interest on the unit, is added to the unit price. Unit price
also includes the organization costs shown on page 10, to
which no sales fee has been applied.
Domestic Portfolio securities are valued by the Trustee on
the basis of their closing prices at 4:00 p.m. Eastern time,
and foreign Portfolio securities are valued at the U.S.
dollar exchange rate at 2:30 p.m. Eastern time, every
business day. An independent evaluator prices the bonds at
3:30 p.m. Eastern time every business day, during the
initial offering period and any subsequent offering periods
designated by the Sponsors, at a price at which the bonds
can be directly purchased by the public assuming they were
available, and at all other times, on the basis of current
bid prices.
Unit price changes every day with changes in the prices of
the securities in the Portfolio.
9. How do I Sell Units?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale, less any remaining deferred
sales fee and the costs of liquidating securities to meet
the redemption.
10. How are Distributions Made and Taxed?
The Portfolio pays distributions of any dividend income, net
of expenses, on the 25th of August and December, 1999, if
you own units on the 10th of those months. Distributions of
ordinary income will be dividends for federal income tax
purposes and may be eligible for the dividends-received
deduction for corporations. Distributions to foreign
investors will generally be subject to withholding taxes.
11. What Other Services are Available?
Reinvestment
You may choose to reinvest your distributions into
additional units of the Portfolio. You will pay only the
deferred sales fee remaining at the time of reinvestment.
Unless you choose reinvestment, you will receive your income
distributions in cash.
Exchange Privileges
You may exchange units of this Portfolio for units of
certain other Defined Asset Funds. You may also exchange
into this Portfolio from certain other funds. We charge a
reduced sales fee on exchanges.

11
<PAGE>

What You Can Expect From Your Investment

Income

Each Portfolio will pay to you any income it has received two times during its
life.

Changes in interest rates generally will not affect your income because each
portfolio is fixed.

Along with your income, you will receive your share of any available bond
principal.

Records and Reports

You will receive:
o a notice from the Trustee if new securities are deposited in exchange or
substitution for securities originally deposited;
o a statement of income payments two times a year;
o a final report on Portfolio activity; and
o annual tax information. This will also be sent to the IRS. You must report the
amount of income and interest received during the year. Please contact your
tax adviser in this regard.

You may request copies of securities evaluations to enable you to comply with
federal and state tax reporting requirements and audited financial statements of
the Portfolio from the Trustee.

You may inspect records of Portfolio transactions at the Trustee's office during
regular business hours.

The Risks You Face

Foreign Issuer Risk

Investments in securities of foreign issuers involve risks that are different
from investments in securities of domestic issuers. They may include:
o political and economic developments;
o possibility of withholding taxes;
o exchange controls or other governmental restrictons on the payment of
dividends;
o conversion of local currency to U.S. dollars upon the sale of Portfolio
Securities;
o less publicly available information; and
o absence of uniform accounting, auditing and financial reporting standards,
practices and requirements.

American Depositary Shares and Receipts

American depositary shares and receipts are issued by an American bank or trust
company to evidence ownership of underlying common stock issued by a foreign
corporation and deposited in a depositary facility. The terms and conditions of
the depositary facility may result in less liquidity or lower market prices for
the ADRs than for the underlying shares. Certain of the Portfolio Securities
were purchased in ADR form in the United States.

Foreign Currency Risk

Because securities of non-U.S. issuers generally pay dividends and trade in
foreign currencies, there is the risk that the U.S. dollar value of these
securities will vary with fluctuations in foreign exchange rates.

At the present time the Sponsors do not believe that any of the Portfolio
Securities is subject to exchange control restrictions which would materially
interfere with payment to the Portfolio of amounts due on the Portfolio
Securities. The adoption of exchange control regulations or other legal
restrictions could have an adverse impact on the marketability of international
securities in the Portfolio and

12
<PAGE>

on the ability of the Portfolio to satisfy redemptions. There can be no
assurance that exchange control regulations might not be adopted in the future
that would adversely affect payments to the Portfolio.

On January 1, 1999, the European Monetary Union (EMU) introduced a new single
currency, the euro. A newly created European Central Bank (ECB) has the
authority to direct the monetary policy for this region, including the
determination of interest rates. These changes may affect the European capital
markets, and the related risks may increase the volatility in European capital
and currency markets. This, in turn, may affect the Portfolio's performance.

Liquidity

Sales of foreign securities in United States securities markets are ordinarily
subject to severe restrictions and will generally be made only in foreign
securities markets. You should know that:
o securities may be traded in foreign countries where the securities markets
are not as developed or efficient and may not be as liquid as those in the
United States;
o a foreign market's liquidity might become impaired as a result of economic
or political turmoil, or if relations between the United States and the
foreign country deteriorate markedly; and
o the principal trading market for the Portfolio Securities, even if
otherwise listed, may be the over-the-counter market in which liquidity
will depend on whether dealers will make a market in the Portfolio
Securities.

Interest Rate Risk on the U.S. Treasury Securities

Investing involves risks, including the risk that your investment will decline
in value if interest rates rise. Generally, fixed income securities with longer
maturities will change in value more than those with shorter maturities. Of
course, we cannot predict how interest rates may change.

Concentration Risk

When stocks in a particular industry make up 25% or more of a Portfolio, the
Portfolio is said to be 'concentrated' in that industry, which makes the
Portfolio less diversified.

Here is what you should know about the Adding Growth Portfolio's concentration
in stocks of the financial services industry.

Financial Institutions

Here is what you should know about the Fund's concentration in stocks of
financial institutions.

The profitability of a financial institution depends to a great extent on the
credit quality of its loan portfolio, which is affected by:
o the institution's underwriting criteria;
o Concentrations within its loan portfolio; and
o general economic conditions.

A financial institution's operating performance is also impacted by:
o changes in interest rates;
o availability and cost of funds;
o intensity of competition; and
o degree of government regulation.

The Portfolio Consultants recommended purchasing stock of Merrill Lynch & Co.
Inc. However, because federal law restricts investment companies from purchasing
stock of certain affiliates, the Portfolios could not acquire this stock.

13
<PAGE>

Litigation and Legislation Risks

We do not know of any pending litigation that might have a material adverse
effect upon the Portfolios.

Future tax legislation could affect the value of the a Portfolio by:
o reducing the dividends-received deduction or
o increasing the corporate tax rate resulting in less money available for
dividend payments.

Selling or Exchanging Units

You can sell your units at any time for a price based on their net asset value.
Your net asset value is calculated each business day by:
o adding the value of the Portfolio Securities, cash and any other Portfolio
assets;
o subtracting accrued but unpaid Portfolio expenses, unreimbursed Trustee
advances, cash held to buy back units or for distribution to investors,
and any other Portfolio liabilities; and
o dividing the result by the number of outstanding units.

Your net asset value when you sell may be more or less than your cost because of
sales fees, market movements and changes in a Portfolio.

If you sell your units before the final deferred sales fee payment, the amount
of any remaining payments will be deducted from your proceeds.

Sponsors' Secondary Market

While we are not obligated to do so, we will buy back units at net asset value
less any remaining deferred sales fee and the cost of liquidating securities to
meet the redemption. We may resell the units to other buyers or to the Trustee.
You should consult your financial professional for current market prices to
determine if other broker-dealers or banks are offering higher prices.

We have maintained a secondary market continuously for more than 28 years, but
we could discontinue it without prior notice for any business reason.

Selling Units to the Trustee

Regardless of whether we maintain a secondary market, you can sell your units to
the Trustee at any time by contacting your broker, dealer or financial
institution that holds your units in street name. Sometimes, additional
documents are needed such as a trust document, certificate of corporate
authority, certificate of death or appointment as executor, administrator or
guardian.

Within seven days after your request and the necessary documents are received,
the Trustee will mail a check to you. Contact the Trustee for additional
information.

As long as we are maintaining a secondary market, the Trustee will sell your
units to us at a price based on net asset value. If there is no secondary
market, the Trustee may sell your units in the over-the-counter market for a
higher price, but is not obligated to do so. In that case, you will receive the
net proceeds of the sale.

If the Portfolio does not have cash available to pay you for the units you are
selling, the agent for the Sponsors will select securities to be sold. These
sales could be made at times when the securities would not otherwise be sold and
may result in your receiving less than you paid for your unit and also reduce
the size and diversity of the Portfolio.

If you sell units with a value of at least $2,000,000 you may choose to receive
your

14
<PAGE>

distribution 'in kind.' If you so choose, you will receive securities and cash
with a total value equal to the price of your units. The Trustee will try to
distribute securities in the Portfolio pro rata, but it reserves the right to
distribute only one or a few securities. The Trustee will act as your agent in
an in-kind distribution and will either hold the securities for your account or
transfer them as you instruct. You must pay any transaction costs as well as
transfer and ongoing custodial fees on sales of securities distributed in kind.

There could be a delay in paying you for your units:
o if the New York Stock Exchange or any other foreign exchanges on which
portfolio securities are listed, if any, is closed (other than customary
weekend and holiday closings);
o if the SEC determines that trading on the New York Stock Exchange or any
other foreign exchanges on which portfolio securities are listed, if any,
is restricted or that an emergency exists making sale or evaluation of the
securities not reasonably practicable; and
o for any other period permitted by SEC order.

Rollover/Exchange Option

When a Portfolio is about to terminate, you may have the option to roll your
proceeds into the next Baby Boom Economy Portfolio Series if one is available.

If you hold your Units with one of the Sponsors and notify your financial
adviser by April 11, 2000, your units will be redeemed and the proceeds from the
sale of the securities will be reinvested in units of a new Baby Boom Economy
Portfolio Series. If you decide not to roll over your proceeds, you will receive
a cash distribution (or, if you are eligible and you so choose, an in-kind
distribution) after the Portfolios terminate.

The Portfolio will terminate by May 10, 2000.

If you participate in the rollover, you may realize taxable capital gain but may
not be entitled to a deduction for any capital loss recognized on the rollover.
You should consult your tax adviser in this regard.

If your risk tolerance changes or your investment goals change, you may exchange
units of a Baby Boom Economy Portfolio for units of another Baby Boom Economy
Portfolio at no additional sales fee, and for units of certain other Defined
Asset Funds at a reduced sales fee. To exchange units, you should talk to your
financial professional about what Portfolios are exchangeable, suitable and
currently available.

We may amend or terminate the options to exchange your units or roll your
proceeds at any time without notice.

How The Portfolios Work

Pricing

Units are charged a combination of initial and deferred sales fees.

In addition, a portion of the price of a unit also consists of cash to pay all
or some of the costs of organizing the Portfolio including:
o cost of initial preparation of legal documents;
o federal and state registration fees;
o initial fees and expenses of the Trustee;
o initial audit; and
o legal expenses and other out-of-pocket expenses.

The estimated organization costs will be deducted from the assets of the
Portfolio on November 1, 1999.

15
<PAGE>

The deferred sales fee is generally a monthly charge of $2.50 per 1,000 units
and is accrued in seven monthly installments. Units redeemed or repurchased
prior to the accrual of the final deferred sales fee installment will have the
amount of any remaining installments deducted from the redemption or repurchase
proceeds or deducted in calculating an in-kind distribution, however, this
deduction will be waived in the event of the death or disability (as defined in
the Internal Revenue Code of 1986) of an investor. If you purchase your units
after the initial date of deposit, the sales fee is equal to 1% up front, plus
the aggregate amount of any remaining installments of the deferred sales fee.

It is anticipated that securities will not be sold to pay the deferred sales fee
until after the date of the last installment. Investors will be at risk for
market price fluctuations in the securities from the several installment accrual
dates to the dates of actual sale of securities to satisfy this liability.

Evaluations

The Trustee and the independent evaluator value the securities on each business
day (i.e., any day other than Saturdays, Sundays and the following holidays as
observed by the New York Stock Exchange: New Year's Day, Martin Luther King, Jr.
Day, Presidents' Day, Good Friday, Memorial Day, Independence Day, Labor Day,
Thanksgiving and Christmas). If the securities are listed on a national
securities exchange or the Nasdaq National Market, evaluations are generally
based on closing sales prices on that exchange or that system or, if closing
sales prices are not available, at the mean between the closing bid and offer
prices. Evaluations for foreign stocks are generally based on the U.S. dollar
equivalent of the last reported closing sales prices or, if closing sales prices
are not available, at the mean between the closing bid and offer prices. On
holidays when the U.S. Government is closed (Columbus Day and Veterans's Day),
the portion of the net asset value relating to the U.S. Government Treasury
Securities will be based on the previous day's closing price. Bonds are
generally evaluated on the offer side during the initial offering period and
during any subsequent offering periods designated by the Sponsors, and on the
bid side at all other times. Under current market conditions, the bid prices for
Treasury obligations of the type deposited in the Portfolios are expected to be
approximately 0.1875% less than the offer price.

Income
o Interest on any fixed income securities purchased on a when-issued basis or
for a delayed delivery does not begin to accrue until the securities are
delivered to the Portfolio. If a security is not delivered on time and the
Trustee's annual fee and expenses do not cover the additional accrued
interest, we will treat the contract to buy the security as failed.
o The Trustee credits any dividends received and any interest income to an
Income Account and other receipts to a Capital Account. The Trustee may
establish a reserve account by withdrawing from these accounts amounts it
considers appropriate to pay any material liability. These accounts do not
bear interest.
o Each unit receives an equal share of distributions of interest and dividend
income, if any, net of estimated expenses. Because dividends on the
securities are not received at a constant rate throughout the year, any
distribution may be more or less than the amount then credited to the Income
Account.

16
<PAGE>

Expenses

The Trustee is paid a fee monthly. This fee includes an amount for estimated
organization costs including:
o cost of initial preparation of legal documents;
o federal and state registration fees;
o initial fees and expenses of the Trustee;
o initial audit; and
o legal expenses and other out-of-pocket expenses.

The Trustee also benefits when it holds cash for the Portfolio in non-interest
bearing accounts. The Trustee may also receive additional amounts:
o for extraordinary services and costs of indemnifying the Trustee and the
Sponsors;
o costs of actions taken to protect the Portfolio and other legal fees and
expenses;
o expenses for keeping the Portfolio's registration statement current; and
o Portfolio termination expenses and any governmental charges.

The Sponsors are currently reimbursed up to 45 cents per 1,000 units annually
for providing portfolio supervisory, bookkeeping and administrative services and
for any other expenses properly chargeable to the Portfolio. While this fee may
exceed the amount of these costs and expenses attributable to this Series, the
total of these fees for all Series of Defined Asset Funds will not exceed the
aggregate amount attributable to all of these Series for any calendar year.
Certain of these expenses were previously paid for by the Sponsors. The
Portfolios also pay the Evaluator's fees.

The Trustee's, Evaluator's and Sponsors'fees may be adjusted for inflation
without investors' approval.

The deferred sales fees you owe are paid from the Capital Account. Although we
may collect the deferred sales charge monthly, to keep Units more fully invested
we do not currently plan to pay the deferred sales charge until after the
rollover notification date.

The Portfolio Consultants will continue to monitor the Portfolios and will
periodically report their findings and recommendations, if any, to the Sponsors.
They will receive a fee of 0.15% of net assets accrued daily and paid quarterly.

The Sponsors will pay advertising and selling expenses at no charge to the
Portfolio. If Portfolio expenses exceed initial estimates, the Portfolio will
owe the excess. The Trustee has a lien on Portfolio assets to secure
reimbursement of Portfolio expenses and may sell securities if cash is not
available.

Portfolio Termination

When the Portfolios are about to terminate you will receive a notice, and you
will be unable to sell your units after that time. Unless you choose to receive
an in-kind distribution of securities, we will sell any remaining securities,
and you will receive your final distribution in cash.

You will pay your share of the expenses associated with termination, including
brokerage costs in selling securities. This may reduce the amount you receive as
your final distribution.

No Certificates

All investors are required to hold their Units in uncertificated form and in
'street name' by their broker, dealer or financial institution at the Depository
Trust Company.

17
<PAGE>

Trust Indenture

Each Portfolio is a 'unit investment trust' governed by a Trust Indenture, a
contract among the Sponsors, the Trustee and the Evaluator, if any, which sets
forth their duties and obligations and your rights. A copy of the Indenture is
available to you on request to the Trustee. The following summarizes certain
provisions of the Indenture.

The Sponsors and the Trustee may amend the Indenture without your consent:
o to cure ambiguities;
o to correct or supplement any defective or inconsistent provision;
o to make any amendment required by any governmental agency; or
o to make other changes determined not to be materially adverse to your best
interest (as determined by the Sponsors).

Investors holding 51% of the units may amend the Indenture. Every investor must
consent to any amendment that changes the 51% requirement. No amendment may
reduce your interest in the Portfolio without your written consent.

The Trustee may resign by notifying the Sponsors. The Sponsors may remove the
Trustee without your consent if:
o it fails to perform its duties;
o it becomes incapable of acting or bankrupt or its affairs are taken over by
public authorities; or
o the Sponsors determine that its replacement is in your best interest.

Investors holding 51% of the units may remove the Trustee. The Evaluator may
resign or be removed by the Sponsors and the Trustee without consent of
investors. The Trustee may resign or be removed by the Sponsors without the
consent of investors. The resignation or removal of either becomes effective
when a successor accepts appointment. The Sponsors will try to appoint a
successor promptly; however, if no successor has accepted within 30 days after
notice of resignation, the resigning Trustee or Evaluator may petition a court
to appoint a successor.

Any Sponsor may resign as long as one Sponsor with a net worth of $2 million
remains and agrees to the resignation. The remaining Sponsors and the Trustee
may appoint a replacement. If there is only one Sponsor and it fails to perform
its duties or becomes bankrupt the Trustee may:
o remove it and appoint a replacement Sponsor;
o liquidate the Portfolios; or
o continue to act as Trustee without a Sponsor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated acts as agent for the
Sponsors.

The Trust Indenture contains customary provisions limiting the liability of the
Trustee, the Evaluator and the Sponsors.

Legal Opinion

Davis Polk & Wardwell, 450 Lexington Avenue, New York, New York 10017, as
special counsel for the Sponsors, has given an opinion that the units are
validly issued.

Auditors

Deloitte & Touche LLP, 2 World Financial Center, New York, New York 10281,
independent accountants, audited the Statements of Condition included in this
prospectus.

Sponsors

The Sponsors are:
Merrill Lynch, Pierce, Fenner & Smith Incorporated (a wholly-owned subsidiary of
Merrill Lynch & Co., Inc.)

18
<PAGE>

P.O. Box 9051,
Princeton, NJ 08543-9051
PaineWebber Incorporated (a wholly-owned subsidiary of PaineWebber Group Inc.)
1285 Avenue of the Americas,
New York, NY 10019

Selected Dealer

Dean Witter Reynolds Inc. (a principal operating subsidiary of Morgan Stanley
Dean Witter & Co.)
Two World Trade Center--59th Floor,
New York, NY 10048
Each Sponsor is a Delaware corporation and it, or its predecessor, has acted as
sponsor to many unit investment trusts. As a registered broker-dealer each
Sponsor buys and sells securities (including investment company shares) for
others (including investment companies) and participates as an underwriter in
various selling groups.

Trustee

The Chase Manhattan Bank, Unit Trust Department, 4 New York Plaza--6th Floor,
New York, New York 10004, is the Trustee. It is supervised by the Federal
Deposit Insurance Corporation, the Board of Governors of the Federal Reserve
System and New York State banking authorities.

Underwriters' and Sponsors' Profits

Underwriters receive sales charges when they sell units. Sponsors also realize a
profit or loss on deposit of the securities. Any cash made available by you to
the Sponsors before the settlement date for those units may be used in the
Sponsors' businesses to the extent permitted by federal law and may benefit the
Sponsors.

A Sponsor or Underwriter may realize profits or sustain losses on stocks in the
Portfolio which were acquired from underwriting syndicates of which it was a
member.

Public Distribution

During the initial offering period, units will be distributed to the public by
the Sponsors and dealers who are members of the National Association of
Securities Dealers, Inc.

Dealers will be entitled to the concession stated below on Units sold or
redeemed during the first year.

Dealer Concession
as
a % of Public
Amount Purchased Offering Price
-------------------------------- -------------------
Less than $50,000 2.00%
$50,000 to $99,999 1.80%
$100,000 to $249,999 1.45%
$250,000 to $999,999 1.25%
$1,000,000 and over 0.50%

The Sponsors do not intend to qualify units for sale in any foreign countries.
This prospectus does not constitute an offer to sell units in any country where
units cannot lawfully be sold.

Code of Ethics

Merrill Lynch, as agent for the Sponsors, has adopted a code of ethics requiring
reporting of personal securities transactions by its employees with access to
information on portfolio transactions. The goal of the code is to prevent fraud,
deception or misconduct against the Portfolio and to provide reasonable
standards of conduct.

Year 2000 Issues

Many computer systems were designed in such a way that they may be unable to
distinguish between the year 2000 and the year 1900 (commonly known as the 'Year
2000 Problem'). We do not expect that the computer system changes necessary to
prepare for the Year 2000 will cause any major operational difficulties for the
Portfolios. The Year 2000 Problem may adversely affect the

19
<PAGE>
issuers of the securities contained in the Portfolios, but we cannot predict
whether any impact will be material to the Portfolio as a whole.

Advertising and Sales Literature

Advertising and sales literature may include brief descriptions of the principal
businesses of the companies represented in the Portfolio.

Taxes

The following summarizes the material income tax consequences of holding units.
It assumes that you are not a dealer, financial institution, insurance company
or other investor with special circumstances. You should consult your own tax
adviser about your particular circumstances.

Taxation of the Portfolio

Each Portfolio intends to qualify for special tax treatment as a regulated
investment company so that it will not be subject to federal income tax on the
portion of its taxable income that it distributes to investors in a timely
manner.

Distributions

Distributions to you of a Portfolio's interest income, dividend income and gains
from securities it has held for one year or less will generally be taxed to you
as ordinary income. Distributions to you in excess of a Portfolio's taxable
income will be treated as a return of capital and will reduce your basis in your
units. To the extent such distributions exceed your basis, they will be treated
as gain from the sale of your units (as discussed below).

Distributions to you that are treated as ordinary income will constitute
dividends for federal income tax purposes. Corporate investors may be eligible
for the 70% dividends-received deduction with respect to these distributions.
You should consult your tax adviser in this regard.

Distributions to you of a Portfolio's net capital gain will generally be taxable
to you as long-term capital gain, regardless of how long you have held your
units, unless a Portfolio terminates in less than one year, in which case all
distributions from a Portfolio will generally be taxed to you as ordinary
income. Distributions that are taxable to you as long-term capital gains may be
eligible for the 20% maximum federal tax rate. You should consult your tax
adviser in this regard.

Gain or Loss Upon Disposition

You will generally recognize gain or loss when you dispose of your units by
sale, redemption or exchange. If you choose to roll over your investment in the
Portfolio into a new portfolio (including into another Baby Boom Economy
Portfolio), you will generally recognize capital gain but you may not be
entitled to a deduction for any capital loss recognized on the rollover. You
should consult your tax adviser in this regard.

If you receive securities upon redemption of your units, you will generally
recognize gain or loss equal to the difference between your basis in your units
and the fair market value of the securities received in redemption.

If your net long-term capital gains exceed your net short-term capital losses,
the excess may be eligible for the 20% maximum federal tax rate. Any capital
gain or loss will generally be long-term if you have held your investment for
more than one year and short-term if you have held it for one year or less.
However, any capital loss on the sale or redemption of a unit you have held for
six months or less will be a long-term capital loss to the extent of any capital
gain dividends previously distributed to you by the Portfolio. Because the
deductibility of capital losses is subject to limitations, you may not be able
to deduct all

20
<PAGE>
of your capital losses. You should consult your tax adviser in this regard.

Your Basis in the Securities

Your aggregate basis in units of a Portfolio will generally be equal to the cost
of your units, including the initial sales charge. You should not increase your
basis in your units by deferred sales charges or organizational expenses,
because the tax reporting form and annual statements you receive will be based
on the net amounts paid to you, from which these expenses will already be
deducted.

Foreign Investors

If you are a foreign investor and you are not engaged in a U.S. trade of
business, you will generally be subject to 30% withholding tax (or a lower
applicable treaty rate) on distributions. Because interest income of the type
that may be received by a Portfolio generally would not have been subject to
withholding if you had received it directly, an investment in the Accumulating
Assets or Adding Income Portfolios may be appropriate for you only when you can
use a foreign tax credit or corresponding tax benefit in respect of such
withholding taxes on a Portfolio's interest income. You should consult your tax
adviser to determine whether investment in a Portfolio is appropriate for you.

Foreign Taxes

Dividends received by the Portfolio from foreign issuers will in most cases be
subject to foreign withholding taxes. The Portfolio will not be eligible for an
election that would enable you to credit foreign withholding taxes against your
federal income tax liability on distributions by the Portfolio.

Supplemental Information

You can receive at no cost supplemental information about the Portfolios by
calling the Trustee. The supplemental information includes more detailed risk
disclosure and general information about the structure and operation of the
Portfolios. The supplemental information is also available from the SEC.

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<PAGE>

REPORT OF INDEPENDENT ACCOUNTANTS

The Sponsors, Trustee and Holders of Equity Investor Fund, Concept Series, Baby
Boom Economy Portfolios 1999 Series, Defined Asset Funds (the 'Fund'):

We have audited the accompanying statements of condition and the related defined
portfolios included in the prospectus of the Fund as of March 23, 1999. These
financial statements are the responsibility of the Trustee. Our responsibility
is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. Our procedures included
confirmation of an irrevocable letter of credit deposited for the purchase of
securities, as described in the statements of condition, with the Trustee. An
audit also includes assessing the accounting principles used and significant
estimates made by the Trustee, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of the Fund as of March 23, 1999
in conformity with generally accepted accounting principles.

DELOITTE & TOUCHE LLP
New York, N.Y.
March 23, 1999

Statements of Condition as of March 23, 1999

Trust Property

Adding Accumulating Adding
Growth Assets Income
Portfolio Portfolio Portfolio
-------------------- -------------------- --------------------
<S> <C> <C> <C> <C>
Investments--Contracts to purchase Securities(1).........$ 745,495.14 $ 993,526.04 $ 1,489,587.83
Accrued interest to initial date of deposit on underlying
Securities............................................... 0.00 4,209.18 12,627.55
-------------------- -------------------- --------------------
Total...............................................$ 745,495.14 $ 997,735.22 $ 1,502,215.38
-------------------- -------------------- --------------------
-------------------- -------------------- --------------------
Liabilities and Interest of Holders
Advance by Trustee for accrued interest(3)..........$ 0.00 $ 4,209.18 $ 12,627.55
Reimbursement of Sponsors for organizational
expenses(2)....................................... 1,408.16 1,364.84 2,106.49
-------------------- -------------------- --------------------
Subtotal............................................ 1,408.16 5,574.02 14,734.04
Interest of Holders of units of fractional undivided
interest outstanding
(Adding Growth Portfolio--753,015; Accumulating Assets
Portfolio-- 1,003,561, Adding Income
Portfolio--1,504,634)
Cost to investors(4)(5)............................. 752,987.35 1,003,520.86 1,504,573.81
Gross underwriting commissions and organization
expenses(2)(5)...................................... (8,900.37) (11,359.67) (17,092.47)
-------------------- -------------------- --------------------
Subtotal............................................ 744,086.98 992,161.19 1,487,481.34
-------------------- -------------------- --------------------
Total...............................................$ 745,495.14 $ 997,735.22 $ 1,502,215.38
-------------------- -------------------- --------------------
-------------------- -------------------- --------------------

</TABLE>

- ---------------

(1) Aggregate cost to the Portfolio of the securities listed under the
Portfolios determined by the Trustee at 4:00 p.m., Eastern time on March 22,
1999. The contracts to purchase securities are collateralized by an irrevocable
letter of credit which has been issued by DG Bank, New York Branch, in the
amount of $3,248,097.93 and deposited with the Trustee. The amount of the letter
of credit includes $3,230,487.52 for the purchase of securities, plus $17,140.88
for accrued interest.
(2) A portion of the Public Offering Price consists of securities in
an amount sufficient to pay all or a portion of the costs incurred in
establishing the Portfolios. These costs have been estimated at $2.39 per 1,000
Units for the Adding Growth Portfolio, at $1.99, per 1,000 Units for the
Accumulating Assets Portfolio, and at $2.03 per 1,000 Units for the Adding
Income Portfolio. A distribution will be made on November 1, 1999 to an account
maintained by the Trustee from which the organization expenses obligation of the
investors will be satisfied. If the actual organization costs exceed the
estimated amount shown above the Sponsors will pay for this excess amount.
(3) Representing a special distribution to the Sponsors by the Trustee
of an amount equal to the accrued interest on the bonds.
(4) Aggregate Unit price computed on the basis of the value of the
underlying securities at 4:00 p.m., Eastern time on March 22, 1999.
(5) Assumes the maximum initial sales charge per 1,000 units of 1.00%
of the Unit Price. A deferred sales charge of $2.50 per 1,000 Units is payable
on January 1, 1999 and thereafter on the 1st day of each month through January
1, 2000. Distributions will be made to an account maintained by the Trustee from
which the deferred sales charge obligation of the investors to the Sponsors will
be satisfied.

22
<PAGE>
Defined
Asset FundsSM

Have questions ? Equity Investor Fund
Request the most Baby Boom Economy Portfolios
recent free Information 1999 Series
Supplement that gives more (A Unit Investment Trust)
details about the Fund, ---------------------------------------
by calling: This Prospectus does not contain
The Chase Manhattan Bank complete information about the
1-800-323-1508 investment company filed with the
Securities and Exchange Commission in
Washington, D.C. under the:
o Securities Act of 1933 (file no.
333-72365) and
o Investment Company Act of 1940 (file
no. 811-1777).
To obtain copies at prescribed rates--
Write: Public Reference Section of the
Commission
450 Fifth Street, N.W., Washington,
D.C. 20549-6009
Call: 1-800-SEC-0330.
Visit: http://www.sec.gov.
---------------------------------------
No person is authorized to give any
information or representations about
this Fund not contained in this
Prospectus or the Information
Supplement, and you should not rely on
any other information.
---------------------------------------
When units of this Fund are no longer
available, this Prospectus may be used
as a preliminary prospectus for a
future series, but some of the
information in this Prospectus will be
changed for that series.
Units of any future series may not be
sold nor may offers to buy be accepted
until that series has become effective
with the Securities and Exchange
Commission. No units can be sold in any
State where a sale would be illegal.

10015ORR--3/99

<PAGE>
PART II
Additional Information Not Included in the Prospectus

A. The following information relating to the Depositors is incorporated by
reference to the SEC filings indicated and made a part of this Registration
Statement.

I. Bonding arrangements of each of the Depositors are incorporated by reference
to Item A of Part II to the Registration Statement on Form S-6 under the
Securities Act of 1933 for Municipal Investment Trust Fund, Monthly Payment
Series--573 Defined Asset Funds (Reg. No. 333-08241).

II. The date of organization of each of the Depositors is set forth in Item B
of Part II to the Registration Statement on Form S-6 under the Securities Act of
1933 for Municipal Investment Trust Fund, Monthly Payment Series--573 Defined
Asset Funds (Reg. No. 333-08241) and is herein incorporated by reference
thereto.

III. The Charter and By-Laws of each of the Depositors are incorporated herein
by reference to Exhibits 1.3 through 1.12 to the Registration Statement on Form
S-6 under the Securities Act of 1933 for Municipal Investment Trust Fund,
Monthly Payment Series--573 Defined Asset Funds (Reg. No. 333-08241).

IV. Information as to Officers and Directors of the Depositors has been filed
pursuant to Schedules A and D of Form BD under Rules 15b1-1 and 15b3-1 of the
Securities Exchange Act of 1934 and is incorporated by reference to the SEC
filings indicated and made a part of this Registration Statement:

Merrill Lynch, Pierce, Fenner & Smith Incorporated 8-7221
PaineWebber Incorporated.................................. 8-16267

------------------------------------

B. The Internal Revenue Service Employer Identification Numbers of the
Sponsors and Trustee are as follows:

Merrill Lynch, Pierce, Fenner & Smith Incorporated 13-5674085
PaineWebber Incorporated.................................. 13-2638166
The Chase Manhattan Bank, Trustee......................... 13-4994650

UNDERTAKING
The Sponsors undertake that they will not instruct the Trustee to accept from
(i) Asset Guaranty Reinsurance Company, Municipal Bond Investors Assurance
Corporation or any other insurance company affiliated with any of the Sponsors,
in settlement of any claim, less than an amount sufficient to pay any principal
or interest (and, in the case of a taxability redemption, premium) then due on
any Security in accordance with the municipal bond guaranty insurance policy
attached to such Security or (ii) any affiliate of the Sponsors who has any
obligation with respect to any Security, less than the full amount due pursuant
to the obligation, unless such instructions have been approved by the Securities
and Exchange Commission pursuant to Rule 17d-1 under the Investment Company Act
of 1940.

II-1
<PAGE>
CONTENTS OF REGISTRATION STATEMENT
The Registration Statement on Form S-6 comprises the following papers and
documents:

The facing sheet of Form S-6.

The Cross-Reference Sheet (incorporated by reference to the Cross-Reference
Sheet to the Registration Statement of Defined Asset Funds Municipal Series,
1933 Act File No. 33-54565).

The Prospectus.

Additional Information not included in the Prospectus (Part II).

The following exhibits:

1.1 --Form of Trust Indenture (incorporated by reference to Exhibit 1.1 to
the Registration Statement of Defined Asset Funds Municipal Defined
Fund Series 2, 1933 Act File No. 333-61285).
1.1.1 --Form of Standard Terms and Conditions of Trust Effective October 21,
1993 (incorporated by reference to Exhibit 1.1.1 to the Registration
Statement of Municipal Investment Trust Fund, Multistate Series-48,
1933 Act File No. 33-50247).
1.2 --Form of Master Agreement Among Underwriters (incorporated by reference
to Exhibit 1.2 to the Registration Statement of The Corporate Income
Fund, One Hundred Ninety-Fourth Monthly Payment Series, 1933 Act File
No. 2-90925).
2.1 --Form of Certificate of Beneficial Interest (included in Exhibit
1.1.1).
3.1 --Opinion of counsel as to the legality of the securities being issued
including their consent to the use of their name under the headings
'How The Fund Works--Legal Opinion' in the Prospectus.
4.1 --Consent of the Evaluator.
5.1 --Consent of independent accountants.
9.1 --Information Supplement (incorporated by reference to Exhibit 9.1 to
Amendment No. 4 to the Registration Statement of Municipal Investment
Trust Fund, Insured Series--207, 1933 Act File No. 33-54037 and
Exhibit 9.1 to the Registration Statement of Equity Investor Fund,
Select 10 Portfolio 1999 International Series A (United Kingdom
Portfolio), 1933 Act File No. 333-70593).

R-1
<PAGE>
DEFINED ASSET FUNDS
EQUITY INVESTOR FUND
BABY BOOM ECONOMY PORTFOLIOS 1999 SERIES
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant
has duly caused this Registration Statement or Amendment to the Registration
Statement to be signed on its behalf by the undersigned thereunto duly

authorized in the City of New York and State of New York on the 23rd day of
March, 1999.

Signatures appear on pages R-3 and R-4.

A majority of the members of the Board of Directors of Merrill Lynch,
Pierce, Fenner & Smith Incorporated has signed this Registration Statement or
Amendment to the Registration Statement pursuant to Powers of Attorney
authorizing the person signing this Registration Statement or Amendment to the
Registration Statement to do so on behalf of such members.

A majority of the members of the Executive Committee of the Board of
Directors of PaineWebber Incorporated has signed this Registration Statement or
Amendment to the Registration Statement pursuant to Powers of Attorney

authorizing the person signing this Registration Statement or Amendment to the
Registration Statement to do so on behalf of such members.

R-2
<PAGE>
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
Depositor

By the following persons, who constitute Powers of Attorney have been filed
a majority of under
the Board of Directors of Merrill Form SE and the following 1933 Act
Lynch, Pierce, File
Fenner & Smith Incorporated: Number: 333-70593

HERBERT M. ALLISON, JR.
GEORGE A. SCHIEREN
JOHN L. STEFFENS
J. DAVID MEGLEN
(As authorized signatory for Merrill Lynch, Pierce,
Fenner & Smith Incorporated and
Attorney-in-fact for the persons listed above)

R-3
<PAGE>
PAINEWEBBER INCORPORATED
Depositor

By the following persons, who constitute Powers of Attorney have been filed
the Board of Directors of PaineWebber under
Incorporated: the following 1933 Act File
Number: 2-61279

MARGO N. ALEXANDER
TERRY L. ATKINSON
BRIAN M. BAREFOOT
STEVEN P. BAUM
MICHAEL CULP
REGINA A. DOLAN
JOSEPH J. GRANO, JR.
EDWARD M. KERSCHNER
JAMES P. MacGILVRAY
DONALD B. MARRON
ROBERT H. SILVER
MARK B. SUTTON
By
ROBERT E. HOLLEY
(As authorized signatory for
PaineWebber Incorporated
and Attorney-in-fact for the persons listed above)

R-4

<PAGE>
EXHIBIT 3.1
DAVIS POLK & WARDWELL
450 LEXINGTON AVENUE
NEW YORK, NEW YORK 10017
(212) 450-4000
MARCH 23, 1999

Equity Investor Fund,
Concept Seies
Baby Boom Economy Portfolios
1999 Series
Defined Asset Funds

Merrill Lynch, Pierce, Fenner & Smith Incorporated
PaineWebber Incorporated
c/o Merrill Lynch, Pierce, Fenner & Smith Incorporated
Defined Asset Funds
P.O. Box 9051
Princeton, NJ 08543-9051

Dear Sirs:

We have acted as special counsel for you, as sponsors (the 'Sponsors') of
Concept Series Baby Boom Economy Portfolios 1999 Series of Equity Investor Fund,
Defined Asset Funds (the 'Trusts'), in connection with the issuance of units of
fractional undivided interest in the Trusts (the 'Units') in accordance with the
Trust Indenture relating to the Trusts (the 'Indentures').

We have examined and are familiar with originals or copies, certified or
otherwise identified to our satisfaction, of such documents and instruments as
we have deemed necessary or advisable for the purpose of this opinion.

Based upon the foregoing, we are of the opinion that (i) the execution and
delivery of the Indenture and the issuance of the Units have been duly
authorized by the Sponsors and (ii) the Units, when duly issued and delivered by
the Sponsors and the Trustee in accordance with the applicable Indentures, will
be legally issued, fully paid and non-assessable.

We hereby consent to the use of this opinion as Exhibit 3.1 to the
Registration Statement relating to the Units filed under the Securities Act of
1933 and to the use of our name in such Registration Statement and in the
related prospectus under the heading 'How The Fund Works--Legal Opinion'.

Very truly yours,

DAVIS POLK & WARDWELL

<PAGE>
EXHIBIT 4.1

INTERACTIVE DATA

14 Wall Street
New York, N.Y. 10005
Telephone 212-285-0700

MARCH 23, 1999

MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED
DEFINED ASSET FUNDS
P.O. BOX 9051
PRINCETON, NJ 08543-9051

THE CHASE MANHATTAN BANK
UNIT INVESTMENT TRUST DIVISION
4 NEW YORK PLAZA--6TH FLOOR
NEW YORK, NY 10004

RE: EQUITY INVESTOR FUND, CONCEPT SERIES, BABY BOOM ECONOMY PORTFOLIOS 1999
SERIES, DEFINED ASSET FUNDS (A UNIT INVESTMENT TRUST) UNITS OF FRACTIONAL
UNDIVIDED INTEREST--REGISTERED UNDER THE SECURITIES ACT OF 1933, FILE NO.
333-72365

Gentlemen:

We have examined the Registration Statement for the above captioned fund.

We hereby consent to the evaluations of the Obligations prepared by us
which are referred to in such Prospectus and Registration Statement.

You are hereby authorized to file a copy of this letter with the Securities
and Exchange Commission.

Sincerely,

JAMES PERRY
Vice President

<PAGE>
Exhibit 5.1
CONSENT OF INDEPENDENT ACCOUNTANTS
The Sponsors and Trustee of Equity Investor Fund, Concept Series, Baby Boom
Economy Portfolios 1999 Series, Defined Asset Funds:

We consent to the use in this Registration Statement No. 333-72365 of our report
dated March 23, 1999 relating to the Statements of Condition of Equity Investor
Fund, Concept Series, Baby Boom Economy Portfolios 1999 Series, Defined Asset
Funds and to the reference to us under the heading 'How the Fund
Works--Auditors' in the Prospectus which is a part of this Registration
Statement.

DELOITTE & TOUCHE LLP
New York, N.Y.
March 23, 1999

<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> ACCUMULATING ASSETS PORTFOLIO
<MULTIPLIER> 1

<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-END> MAR-23-1999
<INVESTMENTS-AT-COST> 993,526
<INVESTMENTS-AT-VALUE> 993,526
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
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<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>

<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> ADDING GROWTH PORTFOLIO
<MULTIPLIER> 1

<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-END> MAR-23-1999
<INVESTMENTS-AT-COST> 745,495
<INVESTMENTS-AT-VALUE> 745,495
<RECEIVABLES> 0
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 745,495
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,408
<TOTAL-LIABILITIES> 1,408
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 745,495
<SHARES-COMMON-STOCK> 753,025
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 744,087
<DIVIDEND-INCOME> 0
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<APPREC-INCREASE-CURRENT> 0
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 753,025
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
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<ACCUMULATED-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>

<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> ADDING INCOME PORTFOLIO
<MULTIPLIER> 1

<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> FEB-28-1999
<PERIOD-END> MAR-23-1999
<INVESTMENTS-AT-COST> 1,489,588
<INVESTMENTS-AT-VALUE> 1,489,588
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,489,588
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,734
<TOTAL-LIABILITIES> 14,734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,489,588
<SHARES-COMMON-STOCK> 1,504,634
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,474,854
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,504,634
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<ACCUMULATED-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 0
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<PER-SHARE-NAV-BEGIN> 0
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<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0

</TABLE>