NUVEEN INSURED TAX-FREE BOND FUND, INC.
Nuveen Insured Municipal Bond Fund
Nuveen Massachusetts Insured Tax-Free Value Fund
Nuveen New York Insured Tax-Free Value 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
