Defined Asset Funds(R)
Concept Series 2000 A
Capital Appreciation Fundamental Research
IRA Ideal!
Tele-Global Trust
In Touch with Progress, Online for Growth
[logo] Merrill Lynch
In Touch with the Future
More than a century ago, Samuel Morse gave us the ground-breaking telegraph,
and Alexander Graham Bell created the telephone.
From the fast-paced world of business, to how our families keep in touch, our
lives have been changed by astounding advances in communications technology. We
believe that progress in telecommunications and expanding demand for services
have combined to make this industry increasingly attractive to investors.
Favorable domestic regulatory trends and growing global potential continue to
brighten the outlook for telecom stocks.
Evolution of Telecommunications A look at some of the developments that shaped
the world of telecommunications:
1844
Samuel Morse sends his historic telegraph message, "What hath God wrought?"
1876
Alexander Graham Bell's first telephone call - "Mr. Watson, come here, I want
you."
1925
Bell Labs Research produces the first talking motion pictures.
1965
"Early Bird" is the world's first commercial communications satellite.
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1966
Development of silicon chip makes computers smaller and much faster.
1972
FCC opens up domestic satellite transmission.
1990
Cellular phones grow in popularity.
1996
Landmark telecommunications legislation is passed.
1998
Lucent introduces 400-gigabit fiberoptic cable that can transmit the equivalent
of 90,000 encyclopedia volumes per second!
2000
Broadband comes of age.
Why Telecommunications?
Favorable Regulatory Trends
U.S. legislation has opened a host of opportunities to telecommunications
firms, allowing telephone companies and cable providers to cross their
traditional service boundaries and offer mufti-service packages. Now, cable
companies can connect phone calls, local phone companies can enter the
long-distance arena, and both local and long-distance phone carriers can
broadcast television programs.
As the breadth of products and services continues to expand, so do the
potential benefits to consumers and investors.
Global Opportunities Abound
Although the Trust consists mainly of domestic stocks, 25% of the Portfolio is
comprised of telecommunications stocks from other countries that seem poised
for growth. The privatization of government-owned telephone companies, which
has had a favorable impact on the profitability of some foreign
telecommunications companies, is likely to continue.
Technologically Friendly
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Adding a second telephone line for your modem, buying a pager for your
teenager, getting a cable hook-up to catch the latest movies and download
computer files-these services create common demands: hardware and service
systems for transmission.
Telecommunications equipment manufacturers are expected to profit as consumers
place increasing demands on service providers, which in turn will continue to
retool their own systems to meet rising demand.
Rigorously Screened
Our experienced Defined Asset Funds(R) research analysts use an extensive
screening process to determine which stocks to include in the Portfolio. The
process used to screen the stocks involves:
o Identifying telecommunications companies we believe have the potential to
grow over the next two years.
o Performing thorough financial analyses including the review of each company's
operating history, balance sheet and cash flow to determine credit quality.
o Reviewing the stocks for liquidity, market share and timeliness of purchase.
The Portfolio
The Tele-Global Trust seeks capital appreciation by investing in 38 leading
domestic and foreign companies from the telecommunications industry. Selected
by the Defined Asset Funds Research Group, we believe these companies are
well-positioned to benefit from industry trends.
The Portfolio will hold its stocks for about two years. At the end of that
time, you can choose to either redeem your investment, or roll your proceeds
into the next Portfolio, if available, at a reduced sales charge.
A DEFINED PORTFOLIO
Company Symbol
Bell Atlantic Corporation BEL
Bell Atlantic, which merged with
NYNEX in 1997 and has a merger in progress with GTE, offers a full range of
telecommunications services.
BellSouth Corporation BLS
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This company provides telecommunications, Internet and data services, wireless
communications, cable and digital TV, directory advertising and publishing.
SBC Communications, Inc. SBC
One of the largest telecommunications companies in the United States, SBC
Communications' subsidiaries and affiliates provide wireline and wireless
telecommunications services and equipment and cable television services.
Independents
ALLTEL Corporation AT
ALLTEL Corporation, an independent telecommunications company, provides
wireline and wireless communications, directory publishing and software
services.
CenturyTel, Inc. CTL
CenturyTel provides a range of telecommunications services including local,
long distance, wireless and Internet.
GTE Corporation GTE
A major independent telephone company, GTE provides an array of
telecommunications services including local, long-distance, wireless, Internet
and web-based applications.
Internet Services
Network Solutions, Inc.* NSOL
Network Solutions, the pioneer of Web addresses, acts as the exclusive
registrar of Internet domain names within the .com, .org, .net and .edu
top-level domains.
Long Distance
AT&T Corporation T
With the world's biggest communications network, AT&T runs the largest long
distance and digital wireless network in the United States.
MCI WorIdCom, Inc.* WCOM
MCI WorIdCom is one of the largest telecommunications companies in the
United States, serving local, long-distance and Internet customers worldwide.
Sprint Corporation FON
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A global communications company engaged in integrating local, long-distance and
wireless communications services, Sprint also carries Internet traffic.
Wireless
United States Cellular Corporation* USM
United States Cellular Corporation provides wireless telephone services to over
two million customers.
Telecommunications Equipment
ADC Telecommunications, Inc.* ADCT
ADC Telecommunications designs, manufactures and markets transmission,
networking and broadband connectivity products.
ADTRAN, Inc.* ADTN
This company designs, develops, manufactures, markets and services a broad
range of high-speed digital transmission products.
Dycom Industries, Inc.* DY
Dycom provides engineering, design, construction, maintenance and facilities
locating services to the telecommunications, cable television and electrical
utility industries.
E-Tick Dynamics, Inc.* ETEK
E-Tek is a leader in the design and manufacturing of high quality passive
components and modules designed to increase the bandwidth capacity of
fiber-optic networks.
Inter-Tel, Inc. INTL
This company is a full-service provider of digital communications platforms,
computer telephone integration, unified message software, long-distance and
network services, network and data products and leasing services.
Lucent Technologies, Inc. LU
Lucent is one of the largest providers of telecommunications equipment in the
world.
Motorola, Inc. MOT
Motorola is a global leader in providing integrated communications and
embedded electronic solutions.
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Company Symbol
QUALCOMM, Inc.* QCOM
A leader in digital wireless technologies, QUALCOMM's proprietary digital
wireless technology has been adopted as the United States digital cellular
standard.
Scientific-Atlanta, Inc. SFA
This company's digital video, voice and data communications products connect
information providers with information consumers via broadband and satellite
networks.
Symbol Technologies, Inc. SBL
Symbol Technologies is a global leader in mobile computing and communications
systems, offering innovative customer solutions.
Tellabs, Inc.* TLAB
Tellabs' strategy focuses on the development of managed digital transport and
access systems.
Telecommunications/Networking
3Com Corporation* COMS
3Com is the second-largest networking company in the world, delivering
end-to-end connectivity solutions.
Broadcom Corporation* BRCM
A leading developer of silicon solutions that enable broadband digital data
transmission, Broadcom is rapidly expanding its market share in Ethernet
networking, xDSL and digital satellite markets.
Cisco Systems, Inc.* CSCO
The world-wide leader in networking for the Internet, Cisco's products include
routers, LAN and ATM switches, dial-up access servers and network management
software.
Network Appliance, Inc.* NTAP
This company is a leading provider of network storage and data access
solutions.
Telecommunications/Software Services
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Convergys Corporation* CVG
Convergys is a leading provider of outsourced information and customer
management solutions. International
Alcatel+ ALA
Alcatel provides telecommunications equipment and systems to telephone
companies worldwide, as well as to corporate and consumer markets.
BCE, Inc.+ BCE
Canada's largest telecommunications company, BCE offers a full spectrum of
communications services and solutions.
British Telecommunications PLC+ BTY British Telecommunications is a leading
provider of telecommunications services in the United Kingdom.
France Telecom S.A.+ FTE
France Telecom is the principal provider of telecommunications services in
France and the world's fourth-largest telecommunications carrier.
KPN NV+ KPN KPN provides a full range of telecommunications services, including
local, long-distance, wireless, paging and Internet services.
Nokia Corporation+ NOK Nokia is an international telecommunications company and
the largest manufacturer of wireless phones.
Nortel Networks Corporation+ NT
This company is a leading global telecommunications equipment supplier. Its
main product lines are switching, enterprise, wireless and broadband networks.
Telecom Italic SpA+ TI
This company provides a wide range of telecommunications services in Italy and
internationally.
Telefonaktiebolaget LM Ericsson+ ERICY
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This Swedish company is an international leader in telecommunications products,
including mobile telecommunications.
Telefonica S.A.*+ TEF
Telefonica provides wireline, wireless, Internet and cable TV services in Spain
and Latin America.
Vodafone AirTouch PLC.+ VOD
A leading mobile telecommunications provider, Vodafone AirTouch owns or has
partnership interests in wireless properties throughout the world.
* These securities do not pay dividends.
+ These issuers are foreign corporations; any dividends will be subject to
withholding taxes.
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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.
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.
Call Now!
You can get started with the Tele-Global Trust 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.
o The Portfolio is designed for investors who can assume the risks associated
with equity investments, and may not be appropriate for investors seeking
capital
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preservation or current income. It consists solely of telecommunications stocks,
which can involve special risks.
o There can be no assurance that the Portfolio will meet its objective.
o Federal legislation is changing pricing structures and increasing
competition.
o The value of your investment will fluctuate with the prices of the underlying
stocks. Stock prices can be volatile. International stocks make up 25% of the
Portfolio, which may be subject to special risks including higher volatility,
fluctuating currency exchange rates and political developments. There can be no
assurance that stock prices will not decrease.
Tax Reporting
The proceeds you receive when you sell this investment will reflect the
deduction of the deferred sales charge and, after the initial offering period,
the charge for organization costs. In addition, the annual statement and the
relevant tax reporting forms you receive at year end will be based on the
amount paid to you, net of the deferred sales charge and, after the initial
offering period, the charge for organization costs. Accordingly, you should not
increase the tax basis in your units by these charges.
Generally, dividends and any gains will be subject to tax each year, whether or
not reinvested. By holding this Portfolio 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. On rollovers to future
Portfolios, if available, investors will defer recognition of gains and losses
on stocks that are transferred to the new Portfolio. 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 in 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).
As a % of Public Amount Per
Offering Price 1,000 Units
Initial Sales Charge 1.00% $10.00
Deferred Sales Charge Year1 1.50% $15.00
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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) 0.173% $1.71
Estimated Organization Costs $0.85
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.
Total Two-year Sales
Amount Charge as a % of
Purchased 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 2.50
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(C)2000 Merrill Lynch, Pierce, Fenner & Smith Incorporated. Member SIPC.
Defined Asset Funds is a registered service mark of Merrill Lynch & Co., Inc.
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