Rule 497(d)
Registration No. 2-71145
MUNICIPAL SECURITIES TRUST
INSURED MUNICIPAL SECURITIES TRUST
MORTGAGE SECURITIES TRUST
EQUITY SECURITIES TRUST
NEW YORK MUNICIPAL TRUST
SUPPLEMENT TO THE PROSPECTUS, dated October 10, 1995
Effective September 28, 1995, Reich & Tang Distributors L.P.
("Reich & Tang") has become the successor sponsor (the "Sponsor") to certain
of the unit investment trusts previously sponsored by Bear, Stearns & Co. Inc.
As successor Sponsor, Reich & Tang has assumed all of the obligations and
rights of Bear, Stearns & Co. Inc., the previous sponsor.
Reich & Tang, a Delaware limited partnership, is engaged in the
brokerage business and is a member of the National Association of Securities
Dealers, Inc. Reich & Tang maintains its principal business offices at 600
Fifth Avenue, New York, New York 10020. Reich & Tang Asset Management L.P.
("RTAM LP"), a registered investment adviser, is the 99% limited partner of
the Sponsor. RTAM LP is 99.5% owned by New England Investment Companies, LP
("NEIC LP") and Reich & Tang Asset Management, Inc., a wholly owned subsidiary
of NEIC LP, owns the remaining .5% interest of RTAM LP and is its general
partner. NEIC LP's general partner is New England Investment Companies, Inc.
("NEIC"), a holding company offering a broad array of investment styles across
a wide range of asset categories through ten investment advisory/management
affiliates and two distribution affiliates. These affiliates in the aggregate
are investment advisers or managers to over 57 registered investment
companies.
C/M 01472.0018 307355.1
