NUVEEN MUNICIPAL BOND FUND
SUPPLEMENT TO PROSPECTUS
Effective March 15, 1996, John Nuveen & Co. Incorporated ("Nuveen"),
sponsor and underwriter of the Nuveen Open-End Tax-
Free Mutual Funds (the "Funds") and the Nuveen Tax-Free Unit
Investment Trusts (the "Trusts"), will offer a program of advertising
support to registered broker-dealer firms, banks and bank affiliates
("Firms") that sell Fund shares and/or Trust units. Under this
program, Nuveen will pay or reimburse the Firm for up to one half of
specified media costs incurred in the placement of advertisements
which jointly feature the Firm and the Nuveen Funds and Trusts.
Reimbursements to the Firm will be based on the number of the
Firm's registered representatives who have sold Fund shares and/or
Trust units during the prior calendar year according to an established
schedule. Reimbursement under this program will be made by
Nuveen and not by the Nuveen Funds or Trusts.
March 15, 1996
