<PAGE>
NUVEEN Tax-Exempt Unit Trusts
Nuveen
National
Trust 530
(National Traditional Trust 530)
Estimated Current Return
First
Year: 5.83% to 6.06%
Subsequent
Years: 5.85% to 6.08%
as of 05/04/94
Estimated Long Term Return
5.92% to 6.15%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds
Cusip:
67101E 791 Monthly Payment Option
67101E 809 Quarterly Payment Option
67101E 817 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--NATIONAL TRADITIONAL TRUST 530
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 5, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 750,000 State Public Works Board of the State of California, Lease 2004 at 102 A- A1
Revenue Bonds (The Regents of the University of
California), 1994 Series A (Various University of
California Projects), 6.375% Due 10/1/19.
500,000 Poudre School District R-1, Larimer County, Colorado, 2002 at 101 -- A
General Obligation Improvement Bonds, Series 1992, 6.15%
Due 12/15/16.
250,000 Columbus, Georgia, Water and Sewerage Revenue Refunding 2003 at 102 A+ A
Bonds, Series 1993, 5.70% Due 5/1/20.
750,000 Village of Bryant, Illinois, Pollution Control Refunding 2003 at 102 AA Aa2
Revenue Bonds (Central Illinois Light Company Project),
Series 1993, 5.90% Due 8/1/23.
750,000 Illinois Health Facilities Authority Revenue Refunding 2004 at 102 A A
Bonds, Series 1993A (Edward Hospital Project), 6.00% Due
2/15/19.
750,000 Illinois Educational Facilities Authority, Revenue Bonds, 2003 at 102 A A1
Illinois Wesleyan University, Series 1993, 5.625% Due
9/1/18.
500,000 Fort Wayne South Side School Bldg. Corp., First Mortgage 2004 at 102 AAA Aaa
Bonds, Series 1994, Allen County, Indiana, 6.125% Due
1/15/12. (General Obligation Bonds.) (When issued.) (MBIA
Insured.)
500,000 The Indianapolis Local Public Improvement Bond Bank 2003 at 102 A+ --
(Indiana), Series 1992 D Bonds, 6.75% Due 2/1/20.
750,000 County of Boone, Kentucky, Collateralized Pollution Control 2002 at 102 AA- A1
Revenue Refunding Bonds, 1992 Series A (The Dayton Power
and Light Company Project), 6.50% Due 11/15/22.
750,000 St. Tammany Parish Hospital Service District No. 2, State of 2004 at 102 AAA --
Louisiana, Hospital Revenue Bonds, Series 1994, 6.25% Due
10/1/14. (ConnieLee Insured.)
500,000 Maine Municipal Bond Bank, 1993 Series B, 5.85% Due 11/1/20. 2003 at 102 A+ Aa
500,000 Prince George's County, Maryland, Pollution Control Revenue 2003 at 102 A+ A1
Refunding Bonds (Potomac Electric Project), 1993 Series,
6.375% Due 1/15/23.
750,000 Massachusetts Port Authority, Revenue Bonds, Series 1992-B, 2003 at 102 AA- Aa
6.00% Due 7/1/23.
750,000 Pennsylvania Intergovernmental Cooperation Authority, 2003 at 100 AAA Aaa
Special Tax Revenue Bonds (City of Philadelphia Funding
Program), Series of 1993, 5.625% Due 6/15/23. (MBIA
Insured.)
500,000 Harris County, Texas, Health Facilities Development 2004 at 102 A- A
Corporation, Hospital Revenue Bonds (Memorial Hospital
System Project), Series 1994A, 6.60% Due 6/1/14. (When
issued.)
750,000 Washington Public Power Supply System, Nuclear Project No. 3 2003 at 102 AA Aa
Refunding Revenue Bonds, Series 1993B, 5.625% Due 7/1/12.
----------
$10,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
AMOUNT PURCHASED Public -----------------------------------------------------------
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- --------------- --------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.47 (5.83%) 5.85% (5.86%) 5.88% (5.88%) 5.90%
500-999 50,000-99,999 4.75 100.31 (5.84) 5.86 (5.87) 5.89 (5.89) 5.91
1,000-2,499 100,000-249,999 4.50 100.05 (5.86) 5.87 (5.89) 5.90 (5.91) 5.92
2,500-4,999 250,000-499,999 4.25 99.79 (5.87) 5.89 (5.90) 5.92 (5.92) 5.94
5,000-9,999 500,000-999,999 3.50 99.02 (5.92) 5.93 (5.95) 5.97 (5.97) 5.98
10,000-24,999 1,000,000-2,499,999 3.00 98.51 (5.95) 5.96 (5.98) 6.00 (6.00) 6.02
25,000-49,999 2,500,000-4,999,999 2.50 98.00 (5.98) 6.00 (6.01) 6.03 (6.03) 6.05
50,000 and over 5,000,000 and over 2.00 97.50 (6.01) 6.03 (6.04) 6.06 (6.06) 6.08
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
AMOUNT PURCHASED
- -------------------------------------
Estimated Long Term Return (3)
Units -----------------------------------------------------
- ----------------
Public
Sales Offering Monthly Quarterly Semi-Annual
Dollars Charge Price (1) Payment Payment Payment
------------------- ------ ----------- ------------- ------------- -------------
50-499 $5,000-$49,999 4.90 % $ 100.47 5.92 % 5.94 % 5.96 %
500-999 50,000-99,999 4.75 100.31 5.92 5.95 5.97
1,000-2,499 100,000-249,999 4.50 100.05 5.94 5.97 5.99
2,500-4,999 250,000-499,999 4.25 99.79 5.95 5.98 6.00
5,000-9,999 500,000-999,999 3.50 99.02 6.00 6.03 6.05
10,000-24,999 1,000,000-2,499,999 3.00 98.51 6.03 6.06 6.08
25,000-49,999 2,500,000-4,999,999 2.50 98.00 6.07 6.09 6.11
50,000 and over 5,000,000 and over 2.00 97.50 6.10 6.13 6.15
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to the Date of Deposit. Figures in
brackets represent the current return. The first year's estimated current
returns are slightly lower than those for subsequent years because a portion
of the monies received in the first year only will be treated as a return of
principal due to the inclusion in the portfolio of "when issued" or other
Bonds having delivery dates after the date of settlement for a purchase made
on the Date of Deposit.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
National Traditional Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4243(1) $ 5.8753
-------- $.4896 every month --------
Quarterly Distribution Plan........... $ .4243(1) $ .9840(2) $ 1.4760 $ 1.4760 $ 1.4760 $ 5.9073
Semi-Annual Distribution Plan......... $ .4243(1) $ 2.4690(3) $ 2.9628 $ 5.9263
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01632 per unit per day.
Consequently, on the first Record Date (06/01/94), accrued interest will total
$0.4243 per unit for the 26-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/94 is $.4243 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01632 Quarterly - $0.01640
Semi-Annual - $0.01646
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 16 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 13 states.
- -------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 7.9
Colorado 5.1
Georgia 2.3
Illinois 21.8
Indiana 10.6
Kentucky 8.0
Louisiana 7.7
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Massachusetts 7.4
Maryland 5.2
Maine 4.8
Pennsylvania 6.9
Texas 5.4
Washington 6.9
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE
The average maturity of portfolio bonds is 24.9 years. The first bond is
scheduled to mature in January, 2012, with the last bond maturity being August,
2023.
- -------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------
<TABLE>
<CAPTION>
Rating Percent of Portfolio
Category Par Value
<S> <C> <C>
- -------------------------------------------------------------
AAA 20%
AA 35
A1/A+ 28
A 17
---
100%
</TABLE>
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-351-4100
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
728
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
MARYLAND
TRUST 294
(MARYLAND TRADITIONAL TRUST 294)
Estimated Current Return
5.62% to 5.85%
as of 05/04/94
Estimated Long Term Return
5.74% to 5.97%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
67101L 522 Monthly Payment Option
67101L 530 Quarterly Payment Option
67101L 548 Semi-Annual Payment Option
Registered in Maryland
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--MARYLAND TRADITIONAL TRUST 294
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 5, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 100,000 Maryland Health and Higher Educational Facilities Authority, 2003 at 100 AA- Aa
Refunding Revenue Bonds, The Johns Hopkins Hospital Issue,
Series 1993, 5.00% Due 7/1/23. (Original issue discount
bonds delivered on or about June 22, 1993 at a price of
88.683% of principal amount.)
400,000 Maryland Health and Higher Educational Facilities Authority, 2003 at 102 AAA Aaa
Project and Refunding Revenue Bonds, Mercy Medical Center
Issue, Series 1993, 5.75% Due 7/1/15. (AMBAC Insured.)
500,000 Maryland Health and Higher Educational Facilities Authority, 2003 at 102 A A1
Refunding Revenue Bonds, Suburban Hospital Issue, Series
1993, 5.125% Due 7/1/21. (Original issue discount bonds
delivered on or about October 14, 1993 at a price of
94.689% of principal amount.)
500,000 Anne Arundel County, Maryland, Pollution Control Revenue 2004 at 102 A A2
Refunding Bonds (Baltimore Gas and Electric Company
Project), Series 1994, 6.00% Due 4/1/24.
500,000 Baltimore County Revenue Authority (Maryland), Revenue 2003 at 102 -- A
Refunding Bonds, 1993 Series, 5.375% Due 7/1/13.
500,000 County Commissioners of Charles County, Maryland, Mortgage 2003 at 102 AAA Aaa
Revenue Refunding Bonds, Series 1994A (Holly Station III
Townhouses Project-FHA Insured Mortgage Loan), 5.875% Due
7/1/25. (MBIA Insured.)
500,000 Prince George's County, Maryland, Pollution Control Revenue 2003 at 102 A+ A1
Refunding Bonds (Potomac Electric Project), 1993 Series,
6.375% Due 1/15/23.
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2002 at 101 AAA Aaa
1993 (General Obligation Bonds.), 5.875% Due 7/1/18. 1/2
(AMBAC Insured.)
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 98.32 5.62% 5.66% 5.68%
500-999 50,000-99,999 4.75 98.16 5.63 5.67 5.69
1,000-2,499 100,000-249,999 4.50 97.91 5.65 5.68 5.70
2,500-4,999 250,000-499,999 4.25 97.65 5.66 5.70 5.71
5,000-9,999 500,000-999,999 3.50 96.89 5.71 5.74 5.76
10,000-24,999 1,000,000-2,499,999 3.00 96.39 5.74 5.77 5.79
25,000-49,999 2,500,000-4,999,999 2.50 95.90 5.77 5.80 5.82
50,000 and over 5,000,000 and over 2.00 95.41 5.80 5.83 5.85
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
AMOUNT PURCHASED
- -------------------------------------
Estimated Long Term Return (3)
Units -----------------------------------------------------
- ----------------
Public
Sales Offering Monthly Quarterly Semi-Annual
Dollars Charge Price (1) Payment Payment Payment
------------------- ------ ----------- ------------- ------------- -------------
50-499 $5,000-$49,999 4.90 % $ 98.32 5.74 % 5.77 % 5.79 %
500-999 50,000-99,999 4.75 98.16 5.74 5.78 5.80
1,000-2,499 100,000-249,999 4.50 97.91 5.76 5.80 5.82
2,500-4,999 250,000-499,999 4.25 97.65 5.77 5.81 5.83
5,000-9,999 500,000-999,999 3.50 96.89 5.82 5.86 5.88
10,000-24,999 1,000,000-2,499,999 3.00 96.39 5.85 5.89 5.91
25,000-49,999 2,500,000-4,999,999 2.50 95.90 5.88 5.92 5.94
50,000 and over 5,000,000 and over 2.00 95.41 5.91 5.95 5.97
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Maryland Traditional Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3991(1) $ 5.5295
-------- $.4605 every month --------
Quarterly Distribution Plan........... $ .3991(1) $ .9264(2) $ 1.3896 $ 1.3896 $ 1.3896 $ 5.5615
Semi-Annual Distribution Plan......... $ .3991(1) $ 2.3250(3) $ 2.7900 $ 5.5805
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01535 per unit per day.
Consequently, on the first Record Date (06/01/94), accrued interest will total
$0.3991 per unit for the 26-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/94 is $.3991 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01535 Quarterly - $0.01544
Semi-Annual - $0.01550
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
728
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 26.1 years.
The first bond is scheduled to mature in July, 2013, with the last bond maturity
being July, 2025.
- -------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------
<TABLE>
<CAPTION>
Rating Percent of Portfolio
Category Par Value
<S> <C> <C>
- -------------------------------------------------------------
AAA 40%
AA 3
A1/A+ 29
A 28
---
100%
</TABLE>
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
COLORADO
INSURED
TRUST 53
Estimated Current Return
5.49% to 5.72%
as of 05/04/94
Estimated Long Term Return
5.60% to 5.82%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706E9 101 Monthly Payment Option
6706E9 119 Quarterly Payment Option
6706E9 127 Semi-Annual Payment Option
Registered in Colorado
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, COLORADO INSURED TRUST 53
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 5, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 Colorado Health Facilities Authority, Hospital Revenue Bonds 2003 at 102 AAA Aaa
(North Colorado Medical Center), Series 1993, 6.00% Due
5/15/20.
500,000 Colorado Health Facilities Authority Revenue Bonds, Series 2004 at 102 AAA Aaa
1994 (Sisters of Charity Health Care Systems, Inc.), 5.25%
Due 5/15/14.
500,000 Adams County, Colorado, Pollution Control Refunding Revenue 2003 at 101 AAA Aaa
Bonds, 1993 Series A (Public Service Company of Colorado
Project), 5.875% Due 4/1/14.
195,000 City and County of Denver, Colorado, Revenue Bonds, Series 2003 at 102 AAA Aaa
1994 (Sisters of Charity of Leavenworth Health Services
Corporation), 5.125% Due 12/1/10.
305,000 Jefferson County School District No. R-1 (Jefferson County, 2002 at 101 AAA Aaa
Colorado), General Obligation Bonds, Series 1992, 6.00%
Due 12/15/12.
500,000 Poudre School District R-1, Larimer County, Colorado, 2002 at 101 AAA Aaa
General Obligation Improvement Bonds, Series 1992, 6.15%
Due 12/15/16.
500,000 State of Colorado, Board of Trustees of The University of 2004 at 101 AAA Aaa
Northern Colorado, Auxiliary Facilities System Revenue
Refunding and Improvement Bonds, Series 1994, 6.00% Due
6/1/24. (When issued.)
500,000 Commonwealth of Puerto Rico, Public Improvement Refunding 2003 at 101 AAA Aaa
Bonds, Series 1993 (General Obligation Bonds.), 5.25% Due 1/2
7/1/18. (Original issue discount bonds delivered on or
about July 15, 1993 at a price of 93.414% of principal
amount.)
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.53 5.49% 5.53% 5.55%
500-999 50,000-99,999 4.75 100.37 5.50 5.54 5.55
1,000-2,499 100,000-249,999 4.50 100.10 5.52 5.55 5.57
2,500-4,999 250,000-499,999 4.25 99.84 5.53 5.56 5.58
5,000-9,999 500,000-999,999 3.50 99.07 5.58 5.61 5.63
10,000-24,999 1,000,000-2,499,999 3.00 98.56 5.60 5.64 5.66
25,000-49,999 2,500,000-4,999,999 2.50 98.05 5.63 5.67 5.69
50,000 and over 5,000,000 and over 2.00 97.55 5.66 5.70 5.72
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
AMOUNT PURCHASED
- -------------------------------------
Estimated Long Term Return (3)
Units -----------------------------------------------------
- ----------------
Public
Sales Offering Monthly Quarterly Semi-Annual
Dollars Charge Price (1) Payment Payment Payment
------------------- ------ ----------- ------------- ------------- -------------
50-499 $5,000-$49,999 4.90 % $ 100.53 5.60 % 5.63 % 5.65 %
500-999 50,000-99,999 4.75 100.37 5.61 5.64 5.66
1,000-2,499 100,000-249,999 4.50 100.10 5.63 5.65 5.67
2,500-4,999 250,000-499,999 4.25 99.84 5.64 5.67 5.69
5,000-9,999 500,000-999,999 3.50 99.07 5.68 5.71 5.73
10,000-24,999 1,000,000-2,499,999 3.00 98.56 5.71 5.74 5.76
25,000-49,999 2,500,000-4,999,999 2.50 98.05 5.74 5.77 5.79
50,000 and over 5,000,000 and over 2.00 97.55 5.77 5.80 5.82
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Colorado Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3988(1) $ 5.5239
-------- $.4602 every month --------
Quarterly Distribution Plan........... $ .3988(1) $ .9258(2) $ 1.3887 $ 1.3887 $ 1.3887 $ 5.5559
Semi-Annual Distribution Plan......... $ .3988(1) $ 2.3220(3) $ 2.7864 $ 5.5749
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01534 per unit per day.
Consequently, on the first Record Date (06/01/94), accrued interest will total
$0.3988 per unit for the 26-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/94 is $.3988 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01534 Quarterly - $0.01543
Semi-Annual - $0.01548
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
728
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 22.9 years.
The first bond is scheduled to mature in December, 2010, with the last bond
maturity being June, 2024.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
OHIO
INSURED
TRUST 114
Estimated Current Return
5.60% to 5.83%
as of 05/04/94
Estimated Long Term Return
5.73% to 5.95%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101Y 375 Monthly Payment Option
67101Y 383 Quarterly Payment Option
67101Y 391 Semi-Annual Payment Option
Registered in Ohio
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, OHIO INSURED TRUST 114
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 5, 1994
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 525,000 Ohio Air Quality Development Authority, State of Ohio, 2004 at 102 AAA Aaa
Collateralized Air Quality Development Revenue Refunding
Bonds, 1994 Series B (The Cincinnati Gas & Electric
Company Project), 5.45% Due 1/1/24.
500,000 Ohio Air Quality Development Authority, State of Ohio, 2003 at 102 AAA Aaa
Pollution Control Revenue Refunding Bonds, 1993 Series B
(Ohio Edison Company Project), 5.625% Due 11/15/29.
345,000 Ohio Water Development Authority, State of Ohio, 2002 at 102 AAA Aaa
Collateralized Water Development Revenue Refunding Bonds,
1992 Series A (The Dayton Power and Light Company
Project), 6.40% Due 8/15/27.
250,000 City of Avon Lake, Ohio, Various Purpose General Obligation 2005 at 100 AAA Aaa
Bonds, Series 1994, 6.00% Due 12/1/14. (When issued.)
500,000 The Franklin County Convention Facilities Authority (Ohio), 2002 at 102 AAA Aaa
Tax and Lease Revenue Anticipation Refunding Bonds, Series
1992, 5.85% Due 12/1/19.
130,000 Lakota Local School District, County of Butler, Ohio, School 2005 at 100 AAA Aaa
Improvement Unlimited Tax General Obligation Bonds, Series
1994, 6.125% Due 12/1/17.
500,000 County of Lucas, Ohio, Hospital Refunding Revenue Bonds, 2003 at 102 AAA Aaa
Series 1993C (St. Vincent Medical Center), 5.375% Due
8/15/17.
500,000 County of Lucas, Ohio, Hospital Improvement and Refunding 2003 at 102 AAA Aaa
Revenue Bonds, Series 1993 (The Toledo Hospital), 5.00%
Due 11/15/22. (Original issue discount bonds delivered on
or about July 29, 1993 at a price of 91.402% of principal
amount.)
250,000 Commonwealth of Puerto Rico, Public Improvement Refunding 2002 at 101 AAA Aaa
Bonds, Series 1992A (General Obligation Bonds.), 6.00% Due 1/2
7/1/14.
----------
$3,500,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION
Sales charge/volume discount applies on all concurrent purchases of any Nuveen
trust units. Estimated Current Return equals net income divided by offering
price. Estimated Long Term Return represents an average of the yields to
maturity (or call) of the Bonds in the Trust adjusted to reflect expenses and
sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 97.06 5.60% 5.63% 5.65%
500-999 50,000-99,999 4.75 96.90 5.61 5.64 5.66
1,000-2,499 100,000-249,999 4.50 96.65 5.62 5.66 5.68
2,500-4,999 250,000-499,999 4.25 96.40 5.64 5.67 5.69
5,000-9,999 500,000-999,999 3.50 95.65 5.68 5.72 5.74
10,000-24,999 1,000,000-2,499,999 3.00 95.15 5.71 5.75 5.77
25,000-49,999 2,500,000-4,999,999 2.50 94.67 5.74 5.78 5.80
50,000 and over 5,000,000 and over 2.00 94.18 5.77 5.81 5.83
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
AMOUNT PURCHASED
- -------------------------------------
Estimated Long Term Return (3)
Units -----------------------------------------------------
- ----------------
Public
Sales Offering Monthly Quarterly Semi-Annual
Dollars Charge Price (1) Payment Payment Payment
------------------- ------ ----------- ------------- ------------- -------------
50-499 $5,000-$49,999 4.90 % $ 97.06 5.73 % 5.75 % 5.77 %
500-999 50,000-99,999 4.75 96.90 5.73 5.76 5.78
1,000-2,499 100,000-249,999 4.50 96.65 5.75 5.78 5.80
2,500-4,999 250,000-499,999 4.25 96.40 5.76 5.79 5.81
5,000-9,999 500,000-999,999 3.50 95.65 5.81 5.84 5.86
10,000-24,999 1,000,000-2,499,999 3.00 95.15 5.84 5.87 5.89
25,000-49,999 2,500,000-4,999,999 2.50 94.67 5.87 5.90 5.92
50,000 and over 5,000,000 and over 2.00 94.18 5.90 5.93 5.95
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Ohio Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 6/1 8/1 11/1 2/1 5/1
Distribution Date..................... 6/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3926(1) $ 5.4361
-------- $.4530 every month --------
Quarterly Distribution Plan........... $ .3926(1) $ .9108(2) $ 1.3662 $ 1.3662 $ 1.3662 $ 5.4681
Semi-Annual Distribution Plan......... $ .3926(1) $ 2.2860(3) $ 2.7432 $ 5.4871
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 5-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.11 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01510 per unit per day.
Consequently, on the first Record Date (06/01/94), accrued interest will total
$0.3926 per unit for the 26-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 06/01/94 is $.3926 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01510 Quarterly - $0.01518
Semi-Annual - $0.01524
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
728
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 27.6 years.
The first bond is scheduled to mature in July, 2014, with the last bond maturity
being November, 2029.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
