WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<RESTATED>
<CIK> 0000883071
<NAME> NUVEEN TAX-FREE UNIT TRUST
<SERIES> Series 734
<NAME> NEW YORK INSURED TRUST
<NUMBER> 218
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<PERIOD-TYPE> YEAR
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 2,772,332
<INVESTMENTS-AT-VALUE> 2,816,788
<RECEIVABLES> 46,064
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,862,852
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,213
<TOTAL-LIABILITIES> 52,213
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 28,706
<SHARES-COMMON-PRIOR> 29,997
<ACCUMULATED-NII-CURRENT> 14,092
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 30,630
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,456
<NET-ASSETS> 2,810,639
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 166,874
<OTHER-INCOME> 0
<EXPENSES-NET> 5,610
<NET-INVESTMENT-INCOME> 161,264
<REALIZED-GAINS-CURRENT> 4,949
<APPREC-INCREASE-CURRENT> -202,636
<NET-CHANGE-FROM-OPS> -36,423
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 161,872
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 35,000
<NUMBER-OF-SHARES-REDEEMED> 6,294
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> -325,191
<ACCUMULATED-NII-PRIOR> 14,700
<ACCUMULATED-GAINS-PRIOR> 25,681
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
