EQUITY SECURITIES TRUST SER 24 MUNICIPAL SYMPHONY SER III
S-6, 1999-09-08
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    As filed with the Securities and Exchange Commission on September 8, 1999
                                                          Registration No.


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                              ---------------------

                                    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 Securities Trust, Series 24, Municipal Symphony Series III

B.         NAME OF DEPOSITOR:

           Reich & Tang Distributors, Inc.

C.         COMPLETE ADDRESS OF DEPOSITOR'S PRINCIPAL EXECUTIVE OFFICES:

           Reich & Tang Distributors, Inc.
           600 Fifth Avenue
           New York, New York 10020

D.         NAME AND COMPLETE ADDRESS OF AGENT FOR SERVICE:
                                                    COPY OF COMMENTS TO:
           PETER J. DEMARCO                         MICHAEL R. ROSELLA, Esq.
           Reich & Tang Distributors, Inc.          Battle Fowler LLP
           600 Fifth Avenue                         75 East 55th Street
           New York, New York 10020                 New York, New York 10022
                                                    (212) 856-6858

E.         TITLE AND AMOUNT OF SECURITIES BEING REGISTERED:

           An indefinite number of Units of Equity Securities Trust, Series 24,
           Municipal Symphony Series III is being registered under the
           Securities Act of 1933 pursuant to Section 24(f) of the Investment
           Company Act of 1940, as amended, and Rule 24f-2 thereunder.

F.         PROPOSED MAXIMUM AGGREGATE OFFERING PRICE TO THE PUBLIC OF THE
           SECURITIES BEING REGISTERED:

           Indefinite

G.         AMOUNT OF FILING FEE:

           No Filing Fee Required

H.         APPROPRIATE DATE OF PROPOSED PUBLIC OFFERING:

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

The registrant hereby amends the registration statement on such date or dates as
may be necessary to delay its effective date until the registrant shall file a
further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.


872269.1

<PAGE>



                  Subject to Completion Dated September 8, 1999

- --------------------------------------------------------------------------------
                                      E S T
- --------------------------------------------------------------------------------


                             EQUITY SECURITIES TRUST
                                    SERIES 24
                          MUNICIPAL SYMPHONY SERIES III


           The final prospectus for a prior series of Equity Securities Trust,
Municipal Symphony Series is hereby incorporated by reference and used as a
preliminary prospectus for Equity Securities Trust, Series 24, Municipal
Symphony Series III. Except as indicated below, the narrative information and
structure of the final prospectus which includes the new Trust will be
substantially the same as that of the previous prospectus. Information with
respect to this Trust, including pricing, the size and composition of the Trust
portfolio, the number of units of the Trust, dates and summary information
regarding the characteristics of securities to be deposited in the Trust is not
now available and will be different from that shown since each trust has a
unique portfolio. Accordingly, the information contained herein with regard to
the previous Trust should be considered as being included for informational
purposes only. Investors should contact account executives of the underwriters
who will be informed of the expected effective date of this Trust and who will
be supplied with complete information with respect to such Trust on the day of
and immediately prior to the effectiveness of the registration statement
relating to units of the Trust.

================================================================================



================================================================================


     The Securities and Exchange Commission has not approved or disapproved
      these securities or passed upon the adequacy of this prospectus. Any
              representation to the contrary is a criminal offense.

                    PROSPECTUS PART A DATED SEPTEMBER    , 1999

The information in this prospectus is not complete and may be changed. We may
not sell these securities until the registration statement filed with the
Securities and Exchange Commission is effective. This prospectus is not an offer
to sell these securities and it is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted.



872269.1


<PAGE>



          PART II -- ADDITIONAL INFORMATION NOT REQUIRED IN PROSPECTUS

ITEM A -- BONDING ARRANGEMENTS

      The employees of Reich & Tang Distributors, Inc. are covered under
Brokers' Blanket Policy, Standard Form 14, in the amount of $11,000,000 (plus
$196,000,000 excess coverage under Brokers' Blanket Policies, Standard Form 14
and Form B Consolidated). This policy has an aggregate annual coverage of $15
million.

ITEM B -- CONTENTS OF REGISTRATION STATEMENT

      This Registration Statement on Form S-6 comprises the following papers and
documents:

           The facing sheet on Form S-6.
           The Cross-Reference Sheet (incorporated by reference to the
           Cross-Reference Sheet to the Registration Statement of Equity
           Securities Trust, Series 12, 1997 Triple Strategy Trust II).
           The Prospectus consisting of     pages.
           Undertakings.
           Signatures.

           Listed below are the names and registration numbers of each previous
           series of Equity Securities Trust, the final prospectus of which,
           properly supplemented, might be used as preliminary prospectuses for
           Equity Securities Trust, Series 24. These final prospectuses are
           incorporated herein by reference:
                     Equity Securities Trust, Series 20,
                     Municipal Symphony Series
                     (Registration No. 333-64071)

                     Equity Securities Trust, Series 23
                     Municipal Symphony Series II
                     (Registration No. 333-79169)

           Written consents of the following persons:
                     Battle Fowler LLP (included in Exhibit 3.1)
                     PricewaterhouseCoopers LLP

The following exhibits:

      *99.1.1 --  Reference Trust Agreement including certain amendments to the
                  Trust Indenture and Agreement referred to under Exhibit
                  99.1.1.1 below.

    99.1.1.1  --  Form of Trust Indenture and Agreement (filed as Exhibit 1.1.1
                  to Amendment No. 1 to Form S-6 Registration Statement No.
                  33-62627 of Equity Securities Trust, Series 6, Signature
                  Series, Gabelli Entertainment and Media Trust on November 16,
                  1995 and incorporated herein by reference).

     99.1.3.5 --  Certificate of Incorporation of Reich & Tang Distributors,
                  Inc. (filed as Exhibit 99.1.3.5 to Form S-6 Registration
                  Statement No. 333-44301 on January 15, 1998 and incorporated
                  herein by reference).

     99.1.3.6 --  By-Laws of Reich & Tang Distributors, Inc. (filed as Exhibit
                  99.1.3.6 to Form S-6 Registration Statement No. 333-44301 on
                  January 15, 1998 and incorporated herein by reference).

       99.1.4 --  Form of Agreement Among Underwriters (filed as Exhibit 1.4 to
                  Amendment No. 1 to Form S-6 Registration Statement No.
                  33-62627 of Equity Securities Trust, Series 6, Signature
                  Series, Gabelli Entertainment and Media Trust on November 16,
                  1995 and incorporated herein by reference).

      *99.3.1 --  Opinion of Battle Fowler LLP as to the legality of the
                  securities being registered, including their consent to the
                  filing thereof and to the use of their name under the headings
                  "Tax Status" and "Legal Opinions" in the Prospectus, and to
                  the filing of their opinion regarding tax status of the Trust.

       99.6.0 --  Power of Attorney of Reich & Tang Distributors, Inc., the
                  Depositor, by its officers and a majority of its Directors
                  (filed as Exhibit 99.6.0 to Form S-6 Registration Statement
                  No. 333-44301 on January 15, 1998 and incorporated herein by
                  reference).

- --------
*  To be filed by amendment.


872269.1
                                      II-1

<PAGE>



                           UNDERTAKING TO FILE REPORTS

           Subject to the terms and conditions of Section 15(d) of the
Securities Exchange Act of 1934, the undersigned registrant hereby undertakes to
file with the Securities and Exchange Commission such supplementary and periodic
information, documents, and reports as may be prescribed by any rule or
regulation of the Commission heretofore or hereafter duly adopted pursuant to
authority conferred in that section.

                                   SIGNATURES

           Pursuant to the requirements of the Securities Act of 1933, the
Registrant, Equity Securities Trust, Series 24, Municipal Symphony Series III
has duly caused this Registration Statement to be signed on its behalf by the
undersigned, hereunto duly authorized, in the City of New York and State of New
York on the 8th day of September, 1999.

                              EQUITY SECURITIES TRUST, SERIES 24, MUNICIPAL
                               SYMPHONY SERIES III
                                  (Registrant)

                              REICH & TANG DISTRIBUTORS, INC.
                                   (Depositor)


                             By /s/ PETER J. DEMARCO
                                -----------------------
                                      Peter J. DeMarco
                                      (Authorized Signator)

      Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons, who
constitute the principal officers and a majority of the directors of Reich &
Tang Distributors, Inc., the Depositor, in the capacities and on the dates
indicated.

        Name                    Title                          Date

RICHARD E. SMITH, III      President and Director

PETER S. VOSS              Director

G. NEAL RYLAND             Director

STEVEN W. DUFF             Director
                                                        September 8, 1999
PETER J. DEMARCO           Executive Vice President
                                                       By  /s/ PETER J. DEMARCO
                                                           --------------------
RICHARD I. WEINER          Vice President                      Peter J. DeMarco
                                                               Attorney-in-Fact*
BERNADETTE N. FINN         Vice President

LORRAINE C. HYSLER         Secretary

RICHARD DE SANCTIS         Treasurer

EDWARD N. WADSWORTH        Executive Officer

- --------
* Executed copies of Powers of Attorney were filed as Exhibit
99.6.0 to Form S-6 to Registration Statement No. 333-44301 on January 15, 1998.


872269.1
                                      II-2

<PAGE>



                       CONSENT OF INDEPENDENT ACCOUNTANTS

      We hereby consent to the use in the Prospectus constituting part of this
registration statement on Form S-6 (the "Registration Statement") of our report
dated    , 1999, relating to the Statement of Financial Condition, including the
Portfolio, of Equity Securities Trust, Series 24, Municipal Symphony Series III
which appears in such Prospectus. We also consent to the reference to us under
the heading "Independent Accountants" in such Prospectus.


PRICEWATERHOUSECOOPERS LLP
160 Federal Street
Boston, MA  02110
           , 1999




872269.1
                                      II-3

<PAGE>


                         CONSENT OF PORTFOLIO CONSULTANT


The Sponsor, Trustee and Unitholders
      Equity Securities Trust, Series 24, Municipal Symphony Series III


      We hereby consent to the use of our name "Riccardi Group LLC" included
herein and to the reference to our firm in the Prospectus.



RICCARDI GROUP LLC


New York, New York
                  , 1999


872269.1

                                      II-4


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