NATIONAL EQUITY TRUST UTILITY SERIES 2
497, 1995-03-30
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NATIONAL EQUITY TRUST
UTILITY SERIES 2
SUPPLEMENT TO PROSPECTUS
MARCH 30, 1995

The Sales Charge shall be 3.000% of the Public Offering Price
(3.093% of the net amount invested) and for sales of $100,000 or
more the Sales Charge shall be 2.000% of the Public Offering
Price (2.041% of the net amount invested).<PAGE>


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