<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
VIRGINIA
TRUST 291
(VIRGINIA TRADITIONAL TRUST 291)
Estimated Current Return
5.54% to 5.77%
as of 08/25/94
Estimated Long Term Return
5.72% to 5.95%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
6706L5 432 Monthly Payment Option
6706L5 440 Quarterly Payment Option
6706L5 457 Semi-Annual Payment Option
Registered in Virginia
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--VIRGINIA TRADITIONAL TRUST 291
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT AUGUST 26, 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 Commonwealth Transportation Board, Commonwealth of Virginia, 2003 at 102 AA Aa
Transportation Revenue Bonds, Series 1993C (Northern
Virginia Transportation District Program), 5.50% Due
5/15/15.
400,000 Industrial Development Authority of the City of Alexandria, 2004 at 102 A+ A1
Virginia, Pollution Control Revenue Refunding Bonds
(Potomac Electric Project), 1994 Series, 5.375% Due
2/15/24.
300,000 City of Chesapeake, Virginia, Water and Sewer System Revenue 2004 at 102 A+ A
Refunding Bonds, Series of 1994, 5.125% Due 5/1/21.
500,000 Fairfax County Economic Development Authority (Virginia), 2004 at 102 AA Aa
Lease Revenue Bonds (Government Center Properties), Series
1994, 5.25% Due 11/15/18. (Original issue discount bonds
delivered on or about March 15, 1994 at a price of 90.996%
of principal amount.)
500,000 Industrial Development Authority of the City of Norfolk 2004 at 102 AA Aa
(Virginia), Hospital Revenue and Refunding Bonds (Sentara
Hospitals-Norfolk), Series 1994A, 5.00% Due 11/1/20.
(Original issue discount bonds delivered on or about March
1, 1994 at a price of 93.703% of principal amount.)
300,000 City of Richmond, Virginia, General Obligation Public 2003 at 102 AA A1
Improvement Bonds, Series 1993B, 5.50% Due 7/15/23.
500,000 Richmond Metropolitan Authority (Virginia), Expressway 2002 at 100 AAA Aaa
Revenue and Refunding Bonds, Series 1992-A, 5.75% Due
7/15/22. (Original issue discount bonds delivered on or
about June 9, 1992 at a price of 91.375% of principal
amount.)(FGIC Insured.)
500,000 Rivanna Water and Sewer Authority (Virginia), Regional Water 2004 at 101 A+ Aa
and Sewer System Revenue Bonds, Series of 1994, 6.00% Due 1/2
10/1/24.
----------
$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 % $ 94.47 5.54% 5.57% 5.59%
500-999 50,000-99,999 4.75 94.32 5.55 5.58 5.60
1,000-2,499 100,000-249,999 4.50 94.07 5.56 5.60 5.62
2,500-4,999 250,000-499,999 4.25 93.83 5.58 5.61 5.63
5,000-9,999 500,000-999,999 3.50 93.10 5.62 5.66 5.68
10,000-24,999 1,000,000-2,499,999 3.00 92.62 5.65 5.69 5.71
25,000-49,999 2,500,000-4,999,999 2.50 92.14 5.68 5.72 5.74
50,000 and over 5,000,000 and over 2.00 91.67 5.71 5.75 5.77
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
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 % $ 94.47 5.72% 5.74% 5.77%
500-999 50,000-99,999 4.75 94.32 5.72 5.75 5.78
1,000-2,499 100,000-249,999 4.50 94.07 5.74 5.77 5.80
2,500-4,999 250,000-499,999 4.25 93.83 5.75 5.78 5.81
5,000-9,999 500,000-999,999 3.50 93.10 5.80 5.83 5.86
10,000-24,999 1,000,000-2,499,999 3.00 92.62 5.83 5.86 5.89
25,000-49,999 2,500,000-4,999,999 2.50 92.14 5.86 5.89 5.92
50,000 and over 5,000,000 and over 2.00 91.67 5.89 5.92 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
Virginia Traditional Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 10/1 11/1 2/1 5/1
Distribution Date..................... 10/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5089(1) $ 5.2345
-------- $.4362 every month --------
Quarterly Distribution Plan........... $ .5089(1) $ .4386(2) $ 1.3158 $ 1.3158 $ 5.2665
Semi-Annual Distribution Plan......... $ .5089(1) $ .4404(3) $ 2.6424 $ 5.2855
- --------------------------------------------------------------------------------------------------------------------
<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-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 $.09 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 $.01454 per unit per day.
Consequently, on the first Record Date (10/01/94), accrued interest will total
$0.5089 per unit for the 35-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 10/01/94 is $.5089 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01454 Quarterly - $0.01462
Semi-Annual - $0.01468
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.
- --------------------------------------------------------------------------------
749
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 26.6 years.
The first bond is scheduled to mature in May, 2015, with the last bond maturity
being October, 2024.
- -------------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------------
<TABLE>
<S> <C> <C>
Rating Percent of Portfolio
Category Par Value
- --------------------------------------------------------------------
AAA 14%
AA 66
A1/A+ 20
---
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.
- -------------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------------
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
NATIONAL
INSURED
TRUST 275
Estimated Current Return
First
Year: 5.73% to 5.96%
Subsequent
Years: 5.74% to 5.97%
as of 08/25/94
Estimated Long Term Return
5.79% to 6.02%
75,000 units in a
diversified $7,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A3 134 Monthly Payment Option
6710A3 142 Quarterly Payment Option
6710A3 159 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--INSURED, NATIONAL INSURED TRUST 275
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT AUGUST 26, 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 AAA Aaa
Revenue Bonds (Department of Corrections), 1993 Series E
(California State Prison-Madera County II), 5.50% Due
6/1/19.
750,000 Metropolitan Pier and Exposition Authority (Illinois), 2004 at 102 AAA Aaa
McCormick Place Expansion Project Refunding Bonds, Series
1994A, 6.00% Due 6/15/27. (Original issue discount bonds
delivered on or about June 23, 1994 at a price of 93.881%
of principal amount.)
750,000 Massachusetts Bay Transportation Authority, General 2003 at 100 AAA Aaa
Transportation System Bonds, 1992 Series B Refunding,
5.50% Due 3/1/21. (Original issue discount bonds delivered
on or about January 19, 1993 at a price of 89.125% of
principal amount.)(General Obligation Bonds.)
500,000 Massachusetts Health and Educational Facilities Authority, 2002 at 102 AAA Aaa
Revenue Bonds, Northeastern University Issue, Series E,
6.55% Due 10/1/22.
750,000 The Pollution Control Financing Authority of Salem County 2004 at 102 AAA Aaa
(New Jersey), Pollution Control Revenue Refunding Bonds,
1994 Series C (Public Service Electric and Gas Company
Project), 6.20% Due 8/1/30. (When issued.)
450,000 City of New Rochelle, Westchester County, New York, General 2004 at 102 AAA Aaa
Obligation Public Improvement Bonds, 1994 Series A, 7.25%
Due 3/15/24. (When issued.)
425,000 New York City (New York), Municipal Water Finance Authority, 2004 at 101 AAA Aaa
Water and Sewer System Revenue Bonds, Fixed Rate Fiscal
1994 Series B, 5.50% Due 6/15/19.
750,000 South Carolina Public Service Authority Revenue Bonds, 1993 2003 at 102 AAA Aaa
Refunding Series A (Santee Cooper), 5.50% Due 7/1/21.
750,000 Matagorda County Navigation District Number One (Texas), 2003 at 102 AAA Aaa
Pollution Control Revenue Refunding Bonds (Central Power
and Light Company Project), Series 1993, 6.00% Due 7/1/28.
1,125,000 Municipality of Metropolitan Seattle (Seattle, Washington), 2003 at 102 AAA Aaa
Sewer Revenue Bonds, Series W, 6.30% Due 1/1/33.
500,000 Washington Public Power Supply System, Nuclear Project No. 2 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1993A, 5.75% Due 7/1/12.
----------
$7,500,000
----------
----------
</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> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.48 (5.73%) 5.74% (5.76%) 5.77% (5.78%) 5.79%
500-999 50,000-99,999 4.75 100.33 (5.74) 5.75 (5.77) 5.78 (5.79) 5.80
1,000-2,499 100,000-249,999 4.50 100.06 (5.76) 5.76 (5.79) 5.80 (5.81) 5.81
2,500-4,999 250,000-499,999 4.25 99.80 (5.77) 5.78 (5.80) 5.81 (5.82) 5.83
5,000-9,999 500,000-999,999 3.50 99.03 (5.82) 5.82 (5.85) 5.86 (5.87) 5.87
10,000-24,999 1,000,000-2,499,999 3.00 98.52 (5.85) 5.85 (5.88) 5.89 (5.90) 5.91
25,000-49,999 2,500,000-4,999,999 2.50 98.01 (5.88) 5.88 (5.91) 5.92 (5.93) 5.94
50,000 and over 5,000,000 and over 2.00 97.51 (5.91) 5.91 (5.94) 5.95 (5.96) 5.97
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
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 % $ 100.48 5.79% 5.82% 5.84%
500-999 50,000-99,999 4.75 100.33 5.80 5.83 5.85
1,000-2,499 100,000-249,999 4.50 100.06 5.82 5.85 5.86
2,500-4,999 250,000-499,999 4.25 99.80 5.83 5.86 5.88
5,000-9,999 500,000-999,999 3.50 99.03 5.88 5.91 5.93
10,000-24,999 1,000,000-2,499,999 3.00 98.52 5.91 5.94 5.96
25,000-49,999 2,500,000-4,999,999 2.50 98.01 5.94 5.97 5.99
50,000 and over 5,000,000 and over 2.00 97.51 5.97 6.00 6.02
</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 Insured Trust 1994 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 10/1 11/1 2/1 5/1
Distribution Date..................... 10/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5603(1) $ 5.7668
-------- $.4803 every month --------
Quarterly Distribution Plan........... $ .5603(1) $ .4830(2) $ 1.4490 $ 1.4490 $ 5.7988
Semi-Annual Distribution Plan......... $ .5603(1) $ .4848(3) $ 2.9088 $ 5.8178
- --------------------------------------------------------------------------------------------------------------------
<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-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 $.10 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 $.01601 per unit per day.
Consequently, on the first Record Date (10/01/94), accrued interest will total
$0.5603 per unit for the 35-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 10/01/94 is $.5603 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01601 Quarterly - $0.01610
Semi-Annual - $0.01616
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 11 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 8 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 9.2
Illinois 10.0
Massachusetts 16.5
New Jersey 10.4
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
New York 12.5
South Carolina 9.2
Texas 10.0
Washington 22.2
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 30.1 years. The first bond is scheduled to mature in July,
2012, with the last bond maturity being January, 2033.
- -------------------------------------------------
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.
- -------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED OR ENDORSED
BY, ANY BANK AND ARE NOT FEDERALLY INSURED OR OTHERWISE PROTECTED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE FEDERAL RESERVE BOARD OR ANY OTHER AGENCY AND
INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.
- -------------------------------------------------
* 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.
749
