FORM N-SAR
SEMI-ANNUAL REPORT
FOR REGISTERED INVESTMENT COMPANIES
Report for six month period ending: / / (a)
or fiscal year ending: 12/31/96
Is this a transition report? (Y/N) N
Is this an amendment to a previous filing? (Y/N) N
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Those items or sub-items with a box "/__/" after the item number should be
completed only if the answer has changed from the previous filing on this
form.
1. A. Registrant Name: Dreyfus Unit Trusts Insured Tax Exempt Trust
Series 1
B. File Number: 811-4319
C. Telephone Number: 1-212-922-6000
2. A. Street: 200 Park Avenue
B. City: New York C. State: NY D. Zip Code: 10166 Zip Ext:
E. Foreign Country: Foreign postal Code:
3. Is this the first filing on this form by Registrant? (Y/N) N
4. Is this the last filing on this form by Registrant? (Y/N) Y
5. Is Registrant a small business investment company (SBIN)? (Y/N) N
[If answer is "Y" (Yes) complete only items 111 through 132.]
6. Is Registrant a unit investment trust (UIT)? (Y/N) Y
[If answer is "Y" (Yes) complete only items 111 through 132.]
7. A. Is Registrant a series or multiple portfolio company? (Y/N)
[If answer is "N" (No), go to item 8.]
B. How many separate series or portfolios did Registrant have at the
end of the period?
If filing more than one __
Page 2, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
C. List the name of each series or portfolio and give a consecutive number
to each series or portfolio starting with the number 1. USE THIS SAME
NUMERICAL DESIGNATION FOR EACH SERIES OR PORTFOLIO IN THE SERIES
INFORMATION BLOCK IN THE TOP RIGHT CORNER OF THE SCREENS SUBMITTED IN
THIS FILING AND IN ALL SUBSEQUENT FILINGS ON THIS FORM. THIS
INFORMATION IS REQUIRED EACH TIME THE FORM IS FILED.
Is this the
Series last filing
Number Series Name for this series?
(Y/N)
1 Dreyfus Unit Trusts Insured Tax Exempt Y
Trust Series 1
(NOTE: See item D(8) of the generic instructions to the form for
information on how to complete the form for series companies.)
If filing more than one __
Page 47, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
UNIT INVESTMENT TRUSTS
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111. A./__/ Depositor Name: Dreyfus Service Corporation
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B./__/ File Number (If any): 8-13801
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C./__/ City: New York State: NY Zip Code: 10166 Zip Ext: _______
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/__/ Foreign Country:______________ Foreign Postal Code:_________
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111. A./__/ Depositor Name: ______________________________________________
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B./__/ File Number (If any): _________________________________________
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C./__/ City: ____________ State: ____ Zip Code: ______ Zip Ext: ______
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/__/ Foreign Country:______________ Foreign Postal Code:____________
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112. A./__/ Sponsor Name: Dreyfus Service Corporation
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B./__/ File Number (If any): 8-13801___
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C./__/ City: New York State: NY Zip Code: 10166 Zip Ext: ___________
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/__/ Foreign Country:_______________ Foreign Postal Code:___________
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112. A./__/ Sponsor Name: _________________________________________________
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B./__/ File Number (If any): _________________________________________
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C./__/ City: ____________ State: _____ Zip Code: _______ Zip Ext:_____
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/__/ Foreign Country:___________________ Foreign Postal Code:_______
If filing more than one __
Page 48, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
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113. A./__/ Trustee Name: Bank of New York
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B./__/ City: New York State: NY Zip Code: 10286 Zip Ext: _____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
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113. A./__/ Trustee Name: _______________________________________________
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B./__/ City: ___________ State: _____ Zip Code: _____ Zip Ext: _____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
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114. A./__/ Principal Underwriter Name: _________________________________
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B./__/ File Number: 8- ____________
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C./__/ City: ___________ State: _____ Zip Code: _____ Zip Ext: _____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
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114. A./__/ Principal Underwriter Name: _________________________________
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B./__/ File Number: 8- ____________
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C./__/ City: ___________ State: _____ Zip Code: _____ Zip Ext: _____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
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115. A./__/ Independent Public Accountant Name: _________________________
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B./__/ City: ___________ State: _____ Zip Code: _______ Zip Ext:____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
115. A./__/ Independent Public Accountant Name: _________________________
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B./__/ City: ___________ State: _____ Zip Code: _______ Zip Ext:____
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/__/ Foreign Country:______________ Foreign Postal Code:__________
If filing more than one __
Page 49, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
116. Family of investment companies information:
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A./__/ Is Registrant part of a family of investment companies?(Y/N) Y
Y/N
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B./__/ Identify the family in 10 letters: _ _ _ _ _ _ _ _ _ _
(NOTE: In filing this form, use this identification
consistently for all investment companies in family.
This designation is for purposes of this form only.)
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117 A./__/ Is Registrant a separate account of an insurance N
company? (Y/N) Y/N
If answer is "Y" (Yes), are any of the following types of contracts
funded by the Registrant?:
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B./__/ Variable annuity contracts? (Y/N)
Y/N
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C./__/ Scheduled premium variable life contracts? (Y/N)
__ Y/N
D./__/ Flexible premium variable life contracts? (Y/N)
Y/N
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E./__/ Other types of insurance products registered under
the Securities Act of 1933? (Y/N)
Y/N
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118. /__/ State the number of Series existing at the end of the
period that had securities registered under the
Securities Act of 1933 1
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119./__/ State the number of new series for which registration
statements under the Securities Act of 1933 became
effective during the period 0
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120./__/ State the total value of the portfolio securities on
the date of deposit for the new series included in item
119 ($000's omitted) 0
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121./__/ State the number of series for which a current
prospectus was in existence at the end of the period 0
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122./__/ State the number of existing series for which additional
units were registered under the Securities Act of 1933
during the current period 0
If filing more than one __
Page 50, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
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123./__/ State the total value of the additional units considered in
answering item 122 ($000's omitted) $ 0
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124./__/ State the total value of units of prior series that were
placed in the portfolios of subsequent series during the
current period(the value of these units is to be measured
on the date they were placed in the subsequent series)
($000's omitted) $ 0
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125./__/ State the total dollar amount of sales loads collected (before
reallowances to other brokers or dealers) by Registrant's
principal underwriter and any underwriter which is an
affiliated person of the principal underwriter during the
current period solely from the sale of units of all series
of Registrant ($000's omitted) $ 0
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126./__/ Of the amount shown in item 125, state the total dollar
amount of sales loads collected from secondary market
operations in Registrant's units (include the sales loads,
if any, collected on units of a prior series placed in the
portfolio of a subsequent series.) ($000's omitted) $ 0
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127./__/ List opposite the appropriate description below the number
of series whose portfolios are invested primarily (based
upon a percentage of NAV) in each type of security shown,
the aggregate total assets at market value as of a date at
or near the end of the current period of each such group of
series and the total income distributions made by each such
group of series during the current period (excluding
distributions of realized gains, if any):
Number of Total Total Income
Series Assets Distributions
Investing ($000's ($000's
omitted) omitted)
A. U.S. Treasury direct issue _________ $_________ $___________
B. U.S. Government agency _________ $_________ $___________
1 119
C. State and municipal tax-free _________ $_________ $___________
D. Public utility debt _________ $_________ $___________
E. Brokers or dealers debt or debt of _________ $_________ $___________
brokers' or dealers' parent
F. All other corporate intermed. & _________ $_________ $___________
long-term debt
G. All other corporate short-term debt _________ $_________ $___________
H. Equity securities of brokers or _________ $_________ $___________
dealers or parents of brokers or
dealers
I. Investment company equity _________ $_________ $___________
securities
J. All other equity securities _________ $_________ $___________
K. Other securities _________ $_________ $___________
1 0
L. Total assets of all series of _________ $_________ $___________
registrant
If filing more than one __
Page 51, "X" box: /__/
For period ending 12/31/96
File Number 811-4319
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128./__/ Is the timely payment of principal and interest on any of
the portfolio securities held by any of Registrant's series
at the end of the current period insured or guaranteed by an
entity other than the issuer? (Y/N) N
Y/N
[If answer if "N" (No), go to item 131.]
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129./__/ Is the issuer of any instrument covered in item 128 delinquent
or in default as to payment of principal or interest at the
end of the current period? (Y/N) ______
Y/N
[If answer if "N" (No), go to Item 131.]
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130./__/ In computations of NAV or offering price per unit, is any
part of the value attributed to instruments identified in
Item 129 derived from insurance or guarantees? (Y/N) ______
Y/N
131. Total expenses incurred by all series of Registrant during the
current reporting period ($000's omitted) $1.5
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132./__/ List the "811" (Investment Company Act of 1940) registration
number for all Series of Registrant that are being included
in this filing:
811-4319 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
811-________ 811-________ 811-________ 811-________ 811-________
This Report is signed on behalf of the Registrant (or Depositor or
Trustee) in the City of New York and the State of New York on the 11th day of
February, 1997.
Dreyfus Unit Trust Insured Tax Exempt Trust
By: /s/ Walter Harris
_________________________________________
Name: Walter Harris
Title: Vice President
Witness: /s/ Janice Hayles
_________________________
Name: Janice Hayles
Title: Vice President
Dreyfus Service Corporation
