Securities and Exchange Commission
Washington, D.C. 20549
FORM N-SAR
Semi-Annual Report
For Registered Investment Companies
Report for fiscal year ending: 12/31/99
Is this a transition report? (Y/N) No
Is this an amendment to a previous filing? (Y/N) No
1. A. Registrant Name: National Equity Trust
B. File Number: 811-5046
C. Telephone Number: (212) 778-6165
2. A. One New York Plaza
New York, NY 10292-2014
3. Is this the first filing on this form? (Y/N)
No
4. Is this the last filing on this form by Registrant? (Y/N)
No
5. Is Registrant a small business investment company (SBIC)? (Y/N)
[If answer is "Y" (Yes) complete only items 89 through 110.]
No
6. Is Registrant a unit investment trust (UIT)? (Y/N)
[If answer is "Y" (Yes) complete only items 111 through 132.]
Yes
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For period ending: 12/31/99
File number: 811-5046
113. A. Trustee Name: The Chase Manhattan Bank
B. City: New York State: NY Zip Code: 10017-2070
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For perod ending: 12/31/99
File Number: 811-5046
118. State the number of series existing at the end of the period that had
securities registered under the Securities Act of 1933.
46
119. State the number of new series for which registration statements under
the Securities Act of 1933 became effective during the period.
36
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).
$ 12,127
121. State the number of series for which a current prospectus was in
existence at the end of the period.
51
122. State the number of existing series for which additional units were
registered under the Securities Act of 1933 during the current period.
51
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For period ending: 12/31/99
File number: 811-5046
123. State the total value of the additional units considered in answering
item 122 ($000's).
$ 2,329,832
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
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).
$ 50,333
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).
$ 38
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 Assets Total Income
Series ($000's omitted) Distributions
Investing ($000's omitted)
A. U.S. Treasury
direct issue
B. U.S. Government
agency
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 46 $2,433,262 $ 77,640
K. Other securities
-Treas & MF
L. Total assets of all
series of registrant 46 $ 2,433,262 $ 77,640
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For period ending: 12/31/99
File number: 811-5046
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)
[If answer is "N" (No), go to item 131.]
No
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)
[If answer is "N" (No), go to item 131.]
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)
131. Total expenses incurred by all series of Registrant during the current
reporting period ($000's omitted).
$ 8,405
132. List the "811" (Investment Company Act of 1940) registration number
for all Series of Registrant that are being included in this filing:
811-5046
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SIGNATURES
This report is signed on behalf of the Registrant (or Depositor or Trustee) in
the City of New York and State of New York on the 29th day of February, 2000.
National Equity Trust
(Registrant)
By: Kenneth Swankie
Name: Kenneth Swankie
Title: Senior Vice President
Witness: Richard R. Hoffmann
Name: Richard R. Hoffmann
Title: First Vice President
