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NUVEEN TAX-EXEMPT UNIT TRUSTS
Supplement to the Prospectus
The Prospectus currently provides that Units may be purchased in the
primary or secondary market at the Public Offering Price for non-breakpoint
purchases minus the concession the Sponsor typically allows to brokers and
dealers for non-breakpoint purchases by (1) investors who purchase Units
through registered investment advisors, certified financial planners and
registered broker-dealers who in each case either charge periodic fees for
financial planning, investment advisory or asset management services, or
provide such services in connection with the establishment of an investment
account for which a comprehensive "wrap fee" charge is imposed and (2) bank
trust departments investing funds over which they exercise exclusive
discretionary investment authority and that are held in a fiduciary agency,
custodial or similar capacity. Effective as of the date of this Supplement,
the Sponsor has extended this attractive purchase offer to: (1) any person and
his or her immediate family (which includes his or her spouse and children
under 21 years of age) who for at least 90 days, has been an officer, director
or bona fide employee of any firm offering Units for sale to investors; and
(2) officers and directors of bank holding companies that make Units available
directly or through subsidiaries or bank affiliates. Notwithstanding anything
to the contrary in this Prospectus, such investors, bank trust departments,
firm employees and bank holding company officers and directors who purchase
Units through this program will not receive sales charge reductions for
quantity purchases.
February 14, 1995
Nuveen Tax-Exempt Unit Trust, National Series 165
RULE 497(d)
SEC FILE NO. 2-69181
February 17, 1995
This is the first page of the Prospectus Supplement dated February 15, 1995 of
the Prospectus for the above named series.
