Defined Asset Funds(R)
Concept Series
2000
A
Fundamental Research Capital Appreciation
IRA Ideal!
We Think They're the "Best of the West"
Western
Premier
Portfolio
[ML LOGO] Merrill Lynch
WESTERN PREMIER PORTFOLIO
Over 75,000 companies are headquartered in the Western United States.
[INSERT MAP OF THE WESTERN UNITED STATES]
The population of California alone is projected to grow by 18 million people in
the next quarter century.
THE LAND WEST OF THE MISSISSIPPI -- it's a place as rich in resources as it is
in folklore. From the land rush, to the gold rush, to today's technology rush,
the American West continues to be a place where dreamers can make reality and
explorers can make history. Defined Asset Funds(R) is proud to celebrate the
progressive spirit of the American West with the...
Western Premier Portfolio
Why the West?
The Western United States is a rapidly growing center of economic activity.
With one convenient purchase, the Western Premier Portfolio offers access to
some of this region's best companies. This two-year Portfolio features
established companies that are highly capitalized, have strong records of
earnings growth, and which we believe are well-positioned for future growth.
<PAGE>
Looking for the "Best"
Defined Asset Funds Research Group began with a universe of more than 3,000
stocks from issuers headquartered in states west of the Mississippi. Each stock
was reviewed for market capitalization, which had to exceed $1 billion. Next,
stocks were analyzed based on earnings per share. To be considered for the
Portfolio, companies had to show earnings growth for the last three years and
an expected growth of at least 10% for the next fiscal year. Finally, stocks
were reviewed for credit quality and liquidity. The resulting Portfolio holds
34 stocks, each selected for its capital appreciation potential. California
companies represent 59% of the Portfolio, the rest are from four other states.
In addition, 45% of the Portfolio consists of technology companies. These
companies have operations throughout the U.S. and, in many cases, throughout
the world.
A Defined Strategy
Like each Defined Asset Fund, the Western Premier Portfolio offers affordable
access to some of today's most attractive stocks. We select stocks based on
specific investment merits. The Portfolio will hold its stocks for about two
years. At the end of that period, you can choose to either redeem your
investment, or roll the proceeds into the next Portfolio, if available, at a
reduced sales charge.
Defined Advantages
o Diversification among 34 "Blue-Chip" stocks believed to be among the "Best in
the West."
o A defined term of two years.
o A minimum investment of just $250.
o Daily liquidity (the price is based on the then-current net asset value).
o Option to reinvest annual distributions at a reduced sales charge.
A DEFINED PORTFOLIO
Company Symbol
ADC Telecommunications, Inc. ADCT
ADC derives most of its sales from broadband connectivity and has placed a
strong emphasis on manufacturing fiber optic video transmission systems. The
fiber access product markets are growing by at least 30% a year.
2
<PAGE>
Amgen, Inc. AMGN
This company's main products include Epogen, which aides in the production
of red blood cells helpful in combating disease, and Neupogen, which
stimulates the production of white blood cells to fight bacterial infection.
Avery Dennison Corporation* AVY
This company is the world's largest producer of self-adhesive base materials
and self-adhesive consumer and office products. Avery is also a leader in
specialized label systems.
BMC Software, Inc. BMCS
This world-wide developer and vendor of computer software improves the level of
service provided to users of an application by ensuring the availability,
performance and recoverability of business critical applications.
Brinker International, Inc. EAT
This company serves over 500,000 customers daily in its Chili's Grill & Bar,
Romano's Macaroni Grill and On the Border restaurants. Sales and earnings
growth are fueled by strong consumer demand, the company's aggressive
expansion plans and its continuous research and development efforts.
Calpine Corporation CPN
A top-ten U.S. independent power producer, Calpine is involved with the
acquisition, development, ownership and operation of power generation
facilities and the sale of electricity and steam.
Cisco Systems, Inc. CSCO
Cisco Systems is the worldwide leader in networking for the Internet.
CNF Transportation, Inc.* CNF
A diversified provider of global door-to-door airfreight (Emery), CNF is also
the largest regional less-than-truckload motor carrier.
Costco Wholesale Corporation COST
A pioneer in the membership wholesale club
concept, Costco operates over 300 stores. We believe the strong operating trend
should continue with revenue growth from store expansions, the rollout of
ancillary services and as an alliance with American Express.
Dell Computer Corporation DELL
3
<PAGE>
The world's leading direct marketer of computer systems, Dell is one of the top
seven computer vendors in the world.
Ecolab, Inc.* ECL
Ecolab is a leading supplier of cleaning, sanitizing and maintenance products
and services. We believe its record of steady growth in sales and profits will
continue, driven by international expansion and a strong position in its market.
ENSCO International, Inc.* ESV
An international offshore contract drilling company, ENSCO also provides
marine transportation services in the Gulf of Mexico. We believe the world
wide offshore rig count should continue to increase as oil companies resume
higher levels of spending.
Fastenal Company* FAST
Among the country's leading industrial distributors, Fastenal sells fasteners,
related products and general industrial components to small and mid-sized
industrial customers.
The Gap, Inc.* GPS
This global specialty retailer operates over 2,400 stores selling casual
apparel, personal care and other accessories under The Gap, Banana Republic and
Old Navy brands.
Gemstar International Group, Ltd. GMST
Gemstar's first proprietary system, VCR Plus+, is widely accepted as the
industry standard for programming VCRs.
Maxim Integrated Products, Inc. MXIM
A world-wide leader in the analog market, Maxim designs, develops and
manufactures linear and mixed-signal integrated circuits.
Mercury Interactive Corporation MERQ
This company develops, markets and supports a comprehensive suite of automated
software testing solutions to help companies build better applications.
Microsoft Corporation MSFT
The world's largest personal computer software company, Microsoft develops,
produces and markets a wide range of software for business and personal use.
4
<PAGE>
Oracle Corporation ORCL
Oracle is the world's largest vendor of database software and information
management services. Oracle Exchange is an e-business solution for corporate
buyers and sellers of goods and services.
The PMI Group, Inc.* PMI
A leading provider of private mortgage insurance in the U.S., PMI also offers
title insurance and other home mortgage products and services. The company
recently reported record earnings for the fifth consecutive year.
QLogic Corporation QLGC
A leading designer and supplier of semiconductor and board level input/output
(i/o) and enclosure management products, QLogic is also a leading supplier of
connectivity solutions.
QUALCOMM, Inc. QCOM
This company is a leading provider of digital wireless communications products,
technologies and services.
Rambus, Inc. RMBS
Rambus has created a revolutionary chip-to-chip interface architecture allowing
data to be transferred through a simplified bus at significantly higher
frequencies than permitted by conventional technologies.
Solectron Corporation SLR
This company provides services that span the product life cycle, including
printed circuit board and systems design, prototyping and assembly, build-
to-order, configure-to-order and complex systems assembly, end-of-life
manufacturing and depot repair.
Southwest Airlines Company* LUV
A domestic airline that primarily provides short-haul, high frequency,
point-to-point, low-fare service, Southwest operates in 53 airports in 26
states throughout the U.S.
Starbucks Corporation SBUX Starbucks purchases and custom-roasts high-quality
coffee beans and sells them along with freshly brewed coffee beverages through
its company-operated retail stores.
Sun Microsystems, Inc. SUNW
5
<PAGE>
This company is a world-wide supplier of high-performance workstations, servers
and networking software. Sun Microsystems is also a major supplier of servers
for the Internet.
SYSCO Corporation* SYY
This company is the largest distributor of food-service products in the U.S.
Target Corporation* TGT
Formerly known as Dayton Hudson Corporation, Target is one of the nation's
leading general merchandise retailers.
Techne Corporation TECH
Techne is a specialty manufacturer of 2,500 biotechnology products, including
492 new products introduced in fiscal 1999.
Transocean Sedco Forex, Inc.* RIG
The world's largest offshore drilling contractor, this company's 74-rig fleet is
located throughout the world's major oil and gas drilling regions.
Vitesse Semiconductor Corporation VTSS
Vitesse manufactures a variety of telecommunications integrated circuit
products for the transmission and reception of data over a fiber optic networks.
Wal-Mart Stores, Inc.* WMT
Wal-Mart is the world's largest retailer in terms of total revenues, with over
1,800 discount stores, 550 supercenters and 450 Sam's Club stores in the U.S.
Xilinx, Inc. XLNX
This company designs, develops and markets complete programmable logic
solutions.
* These stocks are income producing securities.
Defined Asset Funds(R)
Buy With Knowledge o Hold With Confidence
EQUITY INVESTOR FUNDS
Other Concept Series
Baby Boom Economy Portfolios[SM]
Energy Portfolio
6
<PAGE>
Financial Services Portfolio
Health Care Trust
Internet Portfolio
Premier American Portfolio
Premier World Portfolio
Real Estate Income Fund
Tele-Global Trust
Utility Portfolio
Select Series
Select Ten Portfolio (DJIA)
United Kingdom Portfolio (Financial Times Index)
Institutional Holdings Portfolio
Multinational Portfolio
Select Growth Portfolio
Select Large-Cap Growth Portfolio
Select S&P Industrial Portfolio
Standard & Poor's Industry Turnaround Portfolio
Standard & Poor's Intrinsic Value Portfolio
Index Series
S&P 500 Trust
S&P MidCap Trust
FIXED-INCOME FUNDS
Corporate Funds
Government Funds
Municipal Funds
Defined Asset Funds--
Our Philosophy
At Defined Asset Funds, we are ever mindful that behind every investment dollar
lies something infinitely more important -- your investment goal. This is why
we offer a full range of defined investments designed to meet a variety of
objectives.
We are committed to providing our investors with some of today's most
attractive equity and fixed-income investments, within the convenient structure
of a unit investment trust. For income, for growth or for total return, we
believe that time in the market can be an effective strategy for growing your
portfolio.
7
<PAGE>
At Defined Asset Funds, we set the foundation for all of our portfolios in this
way, because we too have an important goal in mind -- yours.
Invest in some of the Best of the West!
You can get started with the Western Premier Portfolio for about $250. Call
your financial professional for a free prospectus containing more complete
information, including sales charges, expenses and risks. Please read it
carefully before you invest or send money.
Defining Your Risks
Please keep in mind the following factors when considering this investment.
Your financial professional will be happy to answer any questions you may have.
oThe Portfolio is designed for investors who can assume the risks associated
with equity investments, and may not be appropriate for investors seeking
capital preservation or high current income.
o There can be no assurance that the Portfolio will meet its objective.
o The value of your investment will fluctuate with the prices of the underlying
stocks. Stock prices can be volatile. There can be no assurance that stock
prices will not decrease.
o This Portfolio is concentrated in the technology industry, and companies
headquartered in California. These concentrations can involve special risks.
A Tax-Efficient Structure
Generally, dividends and any net capital gains will be subject to tax each
year, whether or not reinvested. By holding this Fund for more than one year,
investors may be eligible for favorable federal tax rates on net long-term
capital gains (currently no more than 20%) for individuals. Please consult your
tax advisor concerning state and local taxation.
Defining Your Costs
You will pay an initial sales charge of about 1% the first time you buy. In
addition, you'll pay a deferred sales charge of six monthly payments of about
$2.50 per 1,000 units, deducted from the Portfolio's net asset value each year
of the Portfolio's two-year life ($15.00 annually).
8
<PAGE>
As a % of Public Amount Per
Offering Price 1,000 Units
Initial Sales Charge 1.00% $10.00
Deferred Sales Charge Year 1 1.50% $15.00
Deferred Sales Charge Year 2 1.50% $15.00
----- ------
Maximum Sales Charge 4.00% $40.00
Creation and Development Fee
(as a % of net assets) 0.250% $2.48
Estimated Annual Expenses
(as a % of net assets) 0.206% $2.03
Estimated Organization Costs $2.13
If you sell your units before the final deferred sales charge installment in
either the first or second year, the remaining balance of your deferred sales
charge for that year will be deducted, along with the estimated costs of
selling Portfolio securities. If you roll over to a successor Portfolio, if
available, the initial sales charge on that Portfolio will be waived. You will
only pay the deferred sales charge.
Volume Purchase Discounts
For larger purchases, the overall sales charges are reduced to put more of your
investment dollars to work for you.
Amount Total Two-Year Sales Charge
Purchased as a % of Public Offering Price
Less than $50,000 4.00%
$50,000 to $99,999 3.75
$100,000 to $249,999 3.25
$250,000 to $999,999 3.00
$1,000,000 or more 2.25
The information in this brochure is not complete and may be changed. We may not
sell the securities of the next Portfolio until the registration statement
filed
9
<PAGE>
with the Securities and Exchange Commission is effective. This brochure is not
an offer to sell these securities and is not soliciting an offer to buy these
securities in any state where their offer or sale is not permitted.
[RECYCLED LOGO] Printed on Recycled Paper
11385BR-2/00
(C)2000 Merrill Lynch, Pierce, Fenner & Smith Incorporated. Member SIPC.
Defined Asset Funds is a registered service mark of Merrill Lynch & Co., Inc.
10
