DEFINED ASSET FUNDS MUN INVT TR FD MULTISTATE SERIES 30, 497, 1999-06-04

DEFINED ASSET FUNDS MUN INVT TR FD MULTISTATE SERIES 30
497, 1999-06-04

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<PAGE>
DEFINED ASSET FUNDSSM
- --------------------------------------------
- ----------------------------------

MUNICIPAL INVESTMENT TRUST FUND
MULTISTATE SERIES--30
(A UNIT INVESTMENT TRUST)
O GEORGIA, NORTH CAROLINA AND OHIO PORTFOLIOS
O PORTFOLIOS OF LONG-TERM MUNICIPAL BONDS
O DESIGNED FOR FEDERALLY TAX-FREE INCOME
O EXEMPT FROM SOME STATE TAXES
O MONTHLY DISTRIBUTIONS

SPONSORS:
Merrill Lynch,
Pierce, Fenner & Smith -------------------------------------------------
Incorporated The Securities and Exchange Commission has not
Salomon Smith Barney Inc. approved or disapproved these Securities or
Prudential Securities passed upon the adequacy of this prospectus. Any
Incorporated representation to the contrary is a criminal
PaineWebber Incorporated offense.
Dean Witter Reynolds Inc. Prospectus dated June 4, 1999.

<PAGE>
- --------------------------------------------------------------------------------

Def ined Asset FundsSM
Defined Asset FundsSM is America's oldest and largest family of unit investment
trusts, with over $160 billion sponsored over the last 28 years. Defined Asset
Funds has been a leader in unit investment trust research and product
innovation. Our family of Funds helps investors work toward their financial
goals with a full range of quality investments, including municipal, corporate
and government bond portfolios, as well as domestic and international equity
portfolios.

Defined Asset Funds offer a number of advantages:
o A disciplined strategy of buying and holding with a long-term view is the
cornerstone of Defined Asset Funds.
o Fixed portfolio: Defined Funds follow a buy and hold investment strategy;
funds are not managed and portfolio changes are limited.
o Defined Portfolios: We choose the stocks and bonds in advance, so you know
what you're investing in.
o Professional research: Our dedicated research team seeks out stocks or bonds
appropriate for a particular fund's objectives.
o Ongoing supervision: We monitor each portfolio on an ongoing basis.
No matter what your investment goals, tolerance for risk or time horizon,
there's probably a Defined Asset Fund that suits your investment style. Your
financial professional can help you select a Defined Asset Fund that works best
for your investment portfolio.

THE FINANCIAL INFORMATION IN THIS PROSPECTUS IS AS OF FEBRUARY 28, 1999, THE
EVALUATION DATE.

CONTENTS
PAGE
-----------
Georgia Portfolio--
Risk/Return Summary.................................. 3
North Carolina Portfolio-- Risk/Return Summary.......... 6
Ohio Insured Portfolio--Risk/Return Summary............. 9
What You Can Expect From Your Investment................ 13
Monthly Income....................................... 13
Return Figures....................................... 13
Records and Reports.................................. 13
The Risks You Face...................................... 14
Interest Rate Risk................................... 14
Call Risk............................................ 14
Reduced Diversification Risk......................... 14
Liquidity Risk....................................... 14
Concentration Risk................................... 14
State Concentration Risk............................. 16
Bond Quality Risk.................................... 18
Insurance Related Risk............................... 18
Litigation and Legislation Risks..................... 18
Selling or Exchanging Units............................. 18
Sponsors' Secondary Market........................... 19
Selling Units to the Trustee......................... 19
Exchange Option...................................... 19
How The Fund Works...................................... 20
Pricing.............................................. 20
Evaluations.......................................... 20
Income............................................... 20
Expenses............................................. 20
Portfolio Changes.................................... 21
Fund Termination..................................... 21
Certificates......................................... 21
Trust Indenture...................................... 22
Legal Opinion........................................ 22
Auditors............................................. 23
Sponsors............................................. 23
Trustee.............................................. 23
Underwriters' and Sponsors' Profits 23
Public Distribution.................................. 23
Code of Ethics....................................... 23
Year 2000 Issues..................................... 24
Taxes................................................... 24
Supplemental Information................................ 24
Financial Statements.................................... D-1

2
<PAGE>
- --------------------------------------------------------------------------------

GEORGIA PORTFOLIO--RISK/RETURN SUMMARY

1. WHAT IS THE FUND'S OBJECTIVE?
The Fund seeks interest income that is exempt from regular
federal income taxes and some state and local taxes by
investing in a fixed portfolio consisting primarily of long
term municipal revenue bonds.
2. WHAT ARE MUNICIPAL REVENUE BONDS?
Municipal revenue bonds are bonds issued by states,
municipalities and public authorities to finance the cost
of buying, building or improving various projects intended
to generate revenue, such as airports, health care
facilities, housing and municipal electric, water and sewer
utilities. Generally, payments on these bonds depend solely
on the revenues generated by the projects, excise taxes or
state appropriations, and are not backed by the
government's taxing power.

3. WHAT IS THE FUND'S INVESTMENT STRATEGY?
O The Fund plans to hold to maturity 7 long-term tax-exempt
municipal bonds with an aggregate face amount of
$2,955,000.
o The Fund is a unit investment trust which means that,
unlike a mutual fund, the Portfolio is not managed.
o When the bonds were initially deposited they were rated A
or better by Standard & Poor's, Moody's or Fitch. The
quality of the bonds may currently be lower.
o Many of the bonds can be called at a premium declining over
time to par value. Some bonds may be called earlier at par
for extraordinary reasons.
o 25% of the bonds are insured by insurance companies that
guarantee timely payments of principal and interest on the
bonds (but not Fund units or the market value of the bonds
before they mature).

The Portfolio consists of municipal bonds of the following
types:

APPROXIMATE
PORTFOLIO
PERCENTAGE
/ / Airports/Ports/Highways 11%
/ / Municipal Water/Sewer Utilities 32%
/ / Refunded Bonds 8%
/ / State/Local Government Supported 33%
/ / Municipal Electric Utilities 16%

4. WHAT ARE THE SIGNIFICANT RISKS?
YOU CAN LOSE MONEY BY INVESTING IN THE FUND. THIS CAN
HAPPEN FOR VARIOUS REASONS, INCLUDING:
o Rising interest rates, an issuer's worsening financial
condition or a drop in bond ratings can reduce the price of
your units.
o Because the Fund is concentrated in municipal water/sewer
utility and state/local government supported bonds, adverse
developments in these sectors may affect the value of your
units.
o Assuming no changes in interest rates, when you sell your
units, they will generally be worth less than your cost
because your cost included a sales fee.
o The Fund will receive early returns of principal if bonds
are called or sold before they mature. If this happens your
income will decline and you may not be able to reinvest the
money you receive at as high a yield or as long a maturity.

3
<PAGE>

ALSO, THE PORTFOLIO IS CONCENTRATED IN BONDS OF GEORGIA SO
IT IS LESS DIVERSIFIED THAN A NATIONAL FUND AND IS SUBJECT
TO RISKS PARTICULAR TO GEORGIA WHICH ARE BRIEFLY DESCRIBED
UNDER STATE CONCENTRATION RISKS LATER IN THIS PROSPECTUS.
5. IS THIS FUND APPROPRIATE FOR YOU?
Yes, if you want federally tax-free income. You will
benefit from a professionally selected and supervised
portfolio whose risk is reduced by investing in bonds of
several different issuers.
The Fund is not appropriate for you if you want a
speculative investment that changes to take advantage of
market movements, if you do not want a tax-advantaged
investment or if you cannot tolerate any risk.

DEFINING YOUR INCOME

WHAT YOU MAY EXPECT (Payable on the 25th day of
the month to holders of record on the 10th day
of the month):
Regular Monthly Income per unit $ 4.50
Annual Income per unit: $ 54.09
These figures are estimates determined on the evaluation
day; actual payments may vary.

6. WHAT ARE THE FUND'S FEES AND EXPENSES?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Fund.
INVESTOR FEES
Maximum Sales Fee (Load) on new
purchases (as a percentage of
$1,000 invested) 2.90%
Employees of some of the Sponsors and their affiliates may
be charged a reduced sales fee of no less than $5.00 per
unit.
The maximum sales fee is reduced if you invest at least
$100,000, as follows:

YOUR MAXIMUM
SALES FEE
IF YOU INVEST: WILL BE:
----------------------------------- -----------------
Less than $100,000 2.90%
$100,000 to $249,999 2.65%
$250,000 to $499,999 2.40%
$500,000 to $999,999 2.15%
$1,000,000 and over 1.90%

Maximum Exchange Fee 1.90%

ESTIMATED ANNUAL FUND OPERATING EXPENSES

AMOUNT
PER UNIT
-----------
$ 0.70
Trustee's Fee
$ 0.38
Portfolio Supervision,
Bookkeeping and
Administrative Fees
(including updating
expenses)
$ 0.43
Evaluator's Fee
$ 0.36
Other Operating Expenses
-----------
$ 1.87
TOTAL

The Sponsors historically paid updating expenses.
7. IS THE FUND MANAGED?
Unlike a mutual fund, the Fund is not managed and bonds
are not sold because of market changes. Rather,
experienced Defined Asset Funds financial analysts
regularly review the bonds in the Fund. The Fund may sell
a bond if certain adverse credit or other conditions
exist.
8. HOW DO I BUY UNITS?
The minimum investment is one unit.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply.
UNIT PRICE PER UNIT $1,081.76
(as of February 28, 1999)
Unit price is based on the net asset value of the Fund
plus the sales fee. An amount equal to any principal cash,
as well as net accrued but undistributed interest on the
unit, is added to the unit price. An independent evaluator
prices the bonds at 3:30 p.m. Eastern time every business
day. Unit price changes every day with changes in the
prices of the bonds in the Fund.

4
<PAGE>

9. HOW DO I SELL UNITS?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale. You will not pay any other
fee when you sell your units.
10. HOW ARE DISTRIBUTIONS MADE AND TAXED?
The Fund pays income monthly.
In the opinion of bond counsel when each bond was issued,
interest on the bonds in this Fund is generally 100% exempt
from regular federal income tax. Your income may also be
exempt from some Georgia state and local personal income
taxes if you live in Georgia.
You will also receive principal payments if bonds are sold
or called or mature, when the cash available is more than
$5.00 per unit. You will be subject to tax on any gain
realized by the Fund on the disposition of bonds.

11. WHAT OTHER SERVICES ARE AVAILABLE?
REINVESTMENT
You will receive your income in cash unless you choose to
compound your income by reinvesting at no sales fee in the
Municipal Fund Investment Accumulation Program, Inc. This
program is an open-end mutual fund with a comparable
investment objective. Income from this program will
generally be subject to state and local income taxes. For
more complete information about the program, including
charges and fees, ask the Trustee for the program's
prospectus. Read it carefully before you invest. The
Trustee must receive your written election to reinvest at
least 10 days before the record day of an income payment.
EXCHANGE PRIVILEGES
You may exchange units of this Fund for units of certain
other Defined Asset Funds. You may also exchange into this
Fund from certain other funds. We charge a reduced sales
fee on exchanges.

5
<PAGE>
- --------------------------------------------------------------------------------

NORTH CAROLINA PORTFOLIO--RISK/RETURN SUMMARY

3. WHAT IS THE FUND'S INVESTMENT STRATEGY?
O The Fund plans to hold to maturity 7 long-term tax-exempt
municipal bonds with an aggregate face amount of
$3,350,000.
o The Fund is a unit investment trust which means that,
unlike a mutual fund, the Portfolio is not managed.
o When the bonds were initially deposited they were rated A
or better by Standard & Poor's, Moody's or Fitch. The
quality of the bonds may currently be lower.
o Many of the bonds can be called at a premium declining over
time to par value. Some bonds may be called earlier at par
for extraordinary reasons.
o 30% of the bonds are insured by insurance companies that
guarantee timely payments of principal and interest on the
bonds (but not Fund units or the market value of the bonds
before they mature).

The Portfolio consists of municipal bonds of the following
types:

APPROXIMATE
PORTFOLIO
PERCENTAGE

/ / Airports/Ports/Highways 10%
/ / Hospital/Health Care 39%
/ / Refunded Bonds 21%
/ / Municipal Electric Utilities 30%

4. WHAT ARE THE SIGNIFICANT RISKS?
YOU CAN LOSE MONEY BY INVESTING IN THE FUND. THIS CAN
HAPPEN FOR VARIOUS REASONS, INCLUDING:
o Rising interest rates, an issuer's worsening financial
condition or a drop in bond ratings can reduce the price of
your units.
o Because the Fund is concentrated in hospital/health care
and municipal electric utility bonds, adverse developments
in these sectors may affect the value of your units.
o Assuming no changes in interest rates, when you sell your
units, they will generally be worth less than your cost
because your cost included a sales fee.
o The Fund will receive early returns of principal if bonds
are called or sold before they mature. If this happens your
income will decline and you may not be able to reinvest the
money you receive at as high a yield or as long a maturity.

6
<PAGE>

ALSO, THE PORTFOLIO IS CONCENTRATED IN BONDS OF NORTH
CAROLINA SO IT IS LESS DIVERSIFIED THAN A NATIONAL FUND AND
IS SUBJECT TO RISKS PARTICULAR TO NORTH CAROLINA WHICH ARE
BRIEFLY DESCRIBED UNDER STATE CONCENTRATION RISKS LATER IN
THIS PROSPECTUS.
5. IS THIS FUND APPROPRIATE FOR YOU?
Yes, if you want federally tax-free income. You will
benefit from a professionally selected and supervised
portfolio whose risk is reduced by investing in bonds of
several different issuers.
The Fund is not appropriate for you if you want a
speculative investment that changes to take advantage of
market movements, if you do not want a tax-advantaged
investment or if you cannot tolerate any risk.

DEFINING YOUR INCOME

WHAT YOU MAY EXPECT (Payable on the 25th day of
the month to holders of record on the 10th day
of the month):
Regular Monthly Income per unit $ 4.54
Annual Income per unit: $ 54.58
These figures are estimates determined on the evaluation
day; actual payments may vary.

6. WHAT ARE THE FUND'S FEES AND EXPENSES?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Fund.
INVESTOR FEES
Maximum Sales Fee (Load) on new
purchases (as a percentage of
$1,000 invested) 2.90%
Employees of some of the Sponsors and their affiliates may
pay a reduced sales fee of no less than $5.00 per unit.
The maximum sales fee is reduced if you invest at least
$100,000, as follows:

Maximum Exchange Fee 1.90%

ESTIMATED ANNUAL FUND OPERATING EXPENSES

AMOUNT
PER UNIT
-----------
$ 0.70
Trustee's Fee
$ 0.38
Portfolio Supervision,
Bookkeeping and
Administrative Fees
(including updating
expenses)
$ 0.39
Evaluator's Fee
$ 0.32
Other Operating Expenses
-----------
$ 1.79
TOTAL

The Sponsors historically paid updating expenses.
7. HOW HAVE SIMILAR FUNDS PERFORMED IN THE PAST?
In the following chart we show past performance of prior
North Carolina Portfolios, which had investment
objectives, strategies and types of bonds substantially
similar to this Fund. These prior Series differed in that
they charged a higher sales fee. These prior North
Carolina Series were offered between August 11, 1988 and
June 23, 1994 and were outstanding on March 31, 1999. OF
COURSE, PAST PERFORMANCE OF PRIOR SERIES IS NO GUARANTEE
OF FUTURE RESULTS OF THIS FUND.
AVERAGE ANNUAL COMPOUND TOTAL RETURNS
FOR PRIOR SERIES
Reflecting all expenses. For periods ended 3/31/99.

WITH SALES FEE NO SALES FEE
1 YEAR 5 YEARS 1 YEAR 5 YEARS
- ---------------------------------------------------------------
High 3.49% 6.82% 6.58% 8.02%
Average 2.45 5.36 4.79 6.32
Low 0.46 4.49 3.28 5.42
- ---------------------------------------------------------------

Average
Sales fee 2.32% 4.72%

- -

Note: All returns represent changes in unit price with distributions reinvested
into the Municipal Fund Investment Accumulation Program.

8. IS THE FUND MANAGED?
Unlike a mutual fund, the Fund is not managed and bonds are
not sold because of market changes. Rather, experienced
Defined Asset Funds financial analysts regularly review the
bonds in the Fund. The Fund may sell a bond if certain
adverse credit or other conditions exist.

7
<PAGE>

9. HOW DO I BUY UNITS?
The minimum investment is one unit.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply.
UNIT PRICE PER UNIT $1,062.08
(as of February 28, 1999)
Unit price is based on the net asset value of the Fund plus
the sales fee. An amount equal to any principal cash, as
well as net accrued but undistributed interest on the unit,
is added to the unit price. An independent evaluator prices
the bonds at 3:30 p.m. Eastern time every business day.
Unit price changes every day with changes in the prices of
the bonds in the Fund.
10. HOW DO I SELL UNITS?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale. You will not pay any other
fee when you sell your units.

11. HOW ARE DISTRIBUTIONS MADE AND TAXED?
The Fund pays income monthly.
In the opinion of bond counsel when each bond was issued,
interest on the bonds in this Fund is generally 100% exempt
from regular federal income tax. Your income may also be
exempt from some North Carolina state and local personal
income taxes if you live in North Carolina.
You will also receive principal payments if bonds are sold
or called or mature, when the cash available is more than
$5.00 per unit. You will be subject to tax on any gain
realized by the Fund on the disposition of bonds.
12. WHAT OTHER SERVICES ARE AVAILABLE?
REINVESTMENT
You will receive your income in cash unless you choose to
compound your income by reinvesting at no sales fee in the
Municipal Fund Investment Accumulation Program, Inc. This
program is an open-end mutual fund with a comparable
investment objective. Income from this program will
generally be subject to state and local income taxes. For
more complete information about the program, including
charges and fees, ask the Trustee for the program's
prospectus. Read it carefully before you invest. The Trustee
must receive your written election to reinvest at least 10
days before the record day of an income payment.
EXCHANGE PRIVILEGES
You may exchange units of this Fund for units of certain
other Defined Asset Funds. You may also exchange into this
Fund from certain other funds. We charge a reduced sales fee
on exchanges.

8
<PAGE>
- --------------------------------------------------------------------------------

OHIO INSURED PORTFOLIO--RISK/RETURN SUMMARY

1. WHAT IS THE FUND'S OBJECTIVE?
The Fund seeks interest income that is exempt from regular
federal income taxes and some state and local taxes by
investing in a fixed portfolio consisting primarily of
insured, long term municipal revenue bonds.
2. WHAT ARE MUNICIPAL REVENUE BONDS?
Municipal revenue bonds are bonds issued by states,
municipalities and public authorities to finance the cost
of buying, building or improving various projects intended
to generate revenue, such as airports, health care
facilities, housing and municipal electric, water and sewer
utilities. Generally, payments on these bonds depend solely
on the revenues generated by the projects, excise taxes or
state appropriations, and are not backed by the
government's taxing power.

3. WHAT IS THE FUND'S INVESTMENT STRATEGY?
O The Fund plans to hold to maturity 7 long-term tax-exempt
municipal bonds with an aggregate face amount of
$3,020,000.
o The Fund is a unit investment trust which means that,
unlike a mutual fund, the Portfolio is not managed.
o The bonds are rated AAA or Aaa by Standard & Poor's,
Moody's or Fitch.
o Many of the bonds can be called at a premium declining over
time to par value. Some bonds may be called earlier at par
for extraordinary reasons.
o 100% of the bonds are insured by insurance companies that
guarantee timely payments of principal and interest on the
bonds (but not Fund units or the market value of the bonds
before they mature).

The Portfolio consists of municipal bonds of the following
types:

APPROXIMATE
PORTFOLIO
PERCENTAGE

/ / General Obligation 31%
/ / Hospitals/Health Care 17%
/ / Lease Rental Appropriation 14%
/ / Municipal Water/Sewer Utilities 32%
/ / Municipal Electric Utilities 6%

4. WHAT ARE THE SIGNIFICANT RISKS?
YOU CAN LOSE MONEY BY INVESTING IN THE FUND. THIS CAN
HAPPEN FOR VARIOUS REASONS, INCLUDING:
o Rising interest rates, an issuer's worsening financial
condition or a drop in bond ratings can reduce the price of
your units.
o Because the Fund is concentrated in general obligation and
municipal water/sewer utility bonds, adverse developments
in these sectors may affect the value of your units.
o Assuming no changes in interest rates, when you sell your
units, they will generally be worth less than your cost
because your cost included a sales fee.
o The Fund will receive early returns of principal if bonds
are called or sold before they mature. If this happens your
income will decline and you may not be able to reinvest the
money you receive at as high a yield or as long a maturity.

ALSO, THE PORTFOLIO IS CONCENTRATED IN BONDS OF OHIO SO IT
IS LESS DIVERSIFIED THAN A NATIONAL FUND AND IS SUBJECT TO
RISKS PARTICULAR TO OHIO WHICH ARE BRIEFLY DESCRIBED UNDER
STATE CONCENTRATION RISKS LATER IN THIS PROSPECTUS.

9
<PAGE>

5. IS THIS FUND APPROPRIATE FOR YOU?
Yes, if you want federally tax-free income. You will
benefit from a professionally selected and supervised
portfolio whose risk is reduced by investing in insured
bonds of several different issuers.
The Fund is not appropriate for you if you want a
speculative investment that changes to take advantage of
market movements, if you do not want a tax-advantaged
investment or if you cannot tolerate any risk.

DEFINING YOUR INCOME

WHAT YOU MAY EXPECT (Payable on the 25th day of
the month to holders of record on the 10th day
of the month):
Regular Monthly Income per unit $ 4.52
Annual Income per unit: $ 54.33
These figures are estimates determined on the evaluation
day; actual payments may vary.

6. WHAT ARE THE FUND'S FEES AND EXPENSES?
This table shows the costs and expenses you may pay,
directly or indirectly, when you invest in the Fund.
INVESTOR FEES
Maximum Sales Fee (Load) on new
purchases (as a percentage of
$1,000 invested) 2.90%
Employees of some of the Sponsors and their affiliates may
pay a reduced sales fee of no less than $5.00 per unit.
The maximum sales fee is reduced if you invest at least
$100,000, as follows:

Maximum Exchange Fee 1.90%

ESTIMATED ANNUAL FUND OPERATING EXPENSES

AMOUNT
PER UNIT
-----------
$ 0.70
Trustee's Fee
$ 0.38
Portfolio Supervision,
Bookkeeping and
Administrative Fees
(including updating
expenses)
$ 0.42
Evaluator's Fee
$ 0.37
Other Operating Expenses
-----------
$ 1.87
TOTAL

The Sponsors historically paid updating expenses.
7. HOW HAVE SIMILAR FUNDS PERFORMED IN THE PAST?
In the following chart we show past performance of prior
Ohio Portfolios, which had investment objectives,
strategies and types of bonds substantially similar to
this Fund. These prior Series differed in that they
charged a higher sales fee. These prior Ohio Series were
offered between September 22, 1988 and September 13, 1996
and were outstanding on March 31, 1999. OF COURSE, PAST
PERFORMANCE OF PRIOR SERIES IS NO GUARANTEE OF FUTURE
RESULTS OF THIS FUND.
AVERAGE ANNUAL COMPOUND TOTAL RETURNS
FOR PRIOR SERIES
Reflecting all expenses. For periods ended 3/31/99.

WITH SALES FEE NO SALES FEE
1 YEAR 5 YEARS 1 YEAR 5 YEARS
- ---------------------------------------------------------------
High 3.25% 6.88% 7.87% 8.09%
Average 2.12 5.39 5.14 6.48
Low 0.03 4.39 3.30 5.23
- ---------------------------------------------------------------

Average
Sales fee 3.01% 5.37%

- -------------------------------------------------------------

Note: All returns represent changes in unit price with distributions reinvested
into the Municipal Fund Investment Accumulation Program.

10
<PAGE>

9. HOW DO I BUY UNITS?
The minimum investment is one unit.
You can buy units from any of the Sponsors and other
broker-dealers. The Sponsors are listed later in this
prospectus. Some banks may offer units for sale through
special arrangements with the Sponsors, although certain
legal restrictions may apply.
UNIT PRICE PER UNIT $1,073.36
(as of February 28, 1999)
Unit price is based on the net asset value of the Fund plus
the sales fee. An amount equal to any principal cash, as
well as net accrued but undistributed interest on the unit,
is added to the unit price. An independent evaluator prices
the bonds at 3:30 p.m. Eastern time every business day.
Unit price changes every day with changes in the prices of
the bonds in the Fund.
10. HOW DO I SELL UNITS?
You may sell your units at any time to any Sponsor or the
Trustee for the net asset value determined at the close of
business on the date of sale. You will not pay any other
fee when you sell your units.

11. HOW ARE DISTRIBUTIONS MADE AND TAXED?
The Fund pays income monthly.
In the opinion of bond counsel when each bond was issued,
interest on the bonds in this Fund is generally 100% exempt
from regular federal income tax. Your income may also be
exempt from some Ohio state and local personal income taxes
if you live in Ohio.
You will also receive principal payments if bonds are sold
or called or mature, when the cash available is more than
$5.00 per unit. You will be subject to tax on any gain
realized by the Fund on the disposition of bonds.
12. WHAT OTHER SERVICES ARE AVAILABLE?
REINVESTMENT
You will receive your income in cash unless you choose to
compound your income by reinvesting at no sales fee in the
Municipal Fund Investment Accumulation Program, Inc. This
program is an open-end mutual fund with a comparable
investment objective, but the bonds generally will not be
insured. Income from this program will generally be subject
to state and local income taxes. For more complete
information about the program, including charges and fees,
ask the Trustee for the program's prospectus. Read it
carefully before you invest. The Trustee must receive your
written election to reinvest at least 10 days before the
record day of an income payment.
EXCHANGE PRIVILEGES
You may exchange units of this Fund for units of certain
other Defined Asset Funds. You may also exchange into this
Fund from certain other funds. We charge a reduced sales fee
on exchanges.

11
<PAGE>
- --------------------------------------------------------------------------------
TAX-FREE VS. TAXABLE INCOME: A COMPARISON OF TAXABLE AND TAX-FREE YIELDS

FOR GEORGIA RESIDENTS
- --------------------------------------------------------------------------------

COMBINED
EFFECTIVE
TAXABLE INCOME 1999* TAX RATE TAX-FREE YIELD OF
SINGLE RETURN JOINT RETURN % 4% 4.5% 5% 5.5% 6% 6.5% 7% 7.5%
IS EQUIVALENT TO A TAXABLE YIELD OF

- --------------------------------------------------------------------------------

FOR NORTH CAROLINA RESIDENTS
- --------------------------------------------------------------------------------

COMBINED
EFFECTIVE
TAXABLE INCOME 1999* TAX RATE TAX-FREE YIELD OF
SINGLE RETURN JOINT RETURN % 3% 3.5% 4% 4.5% 5% 5.5% 6% 6.5%
IS EQUIVALENT TO A TAXABLE YIELD OF

- --------------------------------------------------------------------------------

FOR OHIO RESIDENTS
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
COMBINED
EFFECTIVE
TAXABLE INCOME 1999* TAX RATE TAX-FREE YIELD OF
SINGLE RETURN JOINT RETURN % 4% 4.5% 5% 5.5% 6% 6.5% 7% 7.5% 8%
IS EQUIVALENT TO A TAXABLE YIELD OF

- --------------------------------------------------------------------------------

To compare the yield of a taxable security with the yield of a tax-free
security, find your taxable income and read across. The table incorporates 1999
federal and applicable State income tax rates and assumes that all income would
otherwise be taxed at the investor's highest tax rate. Yield figures are for
example only.

*Based upon net amount subject to federal income tax after deductions and
exemptions. This table does not reflect the possible effect of other tax
factors, such as alternative minimum tax, personal exemptions, the phase out of
exemptions, itemized deductions or the possible partial disallowance of
deductions. Consequently, you should consult your own tax advisers in this
regard.

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WHAT YOU CAN EXPECT FROM YOUR INVESTMENT

MONTHLY INCOME

The Fund will pay you regular monthly income. Your monthly income may vary
because of:
o elimination of one or more bonds from the Fund's portfolio because of
calls, redemptions or sales;
o a change in the Fund's expenses; or
o the failure by a bond's issuer to pay interest.

Changes in interest rates generally will not affect your income because the
portfolio is fixed.

Along with your income, you will receive your share of any available bond
principal.

RETURN FIGURES

We cannot predict your actual return, which will vary with unit price, how long
you hold your investment and changes in the portfolio, interest income and
expenses.

Estimated Current Return equals the estimated annual cash to be received from
the bonds in the Fund less estimated annual Fund expenses, divided by the Unit
Price (including the maximum sales fee):

Estimated Annual Estimated
Interest Income - Annual Expenses
- -------------------------------------------------
Unit Price

Estimated Long Term Return is a measure of the estimated return over the
estimated life of the Fund. Unlike Estimated Current Return, Estimated Long Term
Return reflects maturities, discounts and premiums of the bonds in the Fund. It
is an average of the yields to maturity (or in certain cases, to an earlier call
date) of the individual bonds in the portfolio, adjusted to reflect the Fund's
maximum sales fee and estimated expenses. We calculate the average yield for the
portfolio by weighting each bond's yield by its market value and the time
remaining to the call or maturity date.

Yields on individual bonds depend on many factors including general conditions
of the bond markets, the size of a particular offering and the maturity and
quality rating of the particular issues. Yields can vary among bonds with
similar maturities, coupons and ratings.

These return quotations are designed to be comparative rather than predictive.

RECORDS AND REPORTS

You will receive:
o a monthly statement of income payments and any principal payments;
o a notice from the Trustee when new bonds are deposited in exchange or
substitution for bonds originally deposited;
o an annual report on Fund activity; and
o annual tax information. This will also be sent to the IRS. You must report the
amount of tax-exempt interest received during the year.

You may request:
o copies of bond evaluations to enable you to comply with federal and state tax
reporting requirements; and
o audited financial statements of the Fund.

You may inspect records of Fund transactions at the Trustee's office during
regular business hours.

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THE RISKS YOU FACE

INTEREST RATE RISK

Investing involves risks, including the risk that your investment will decline
in value if interest rates rise. Generally, bonds with longer maturities will
change in value more than bonds with shorter maturities. Bonds in the Fund are
more likely to be called when interest rates decline. This would result in early
returns of principal to you and may result in early termination of the Fund. Of
course, we cannot predict how interest rates may change.

CALL RISK

Many bonds can be prepaid or 'called' by the issuer before their stated
maturity.

For example, some bonds may be required to be called pursuant to mandatory
sinking fund provisions.

Also, an issuer might call its bonds during periods of falling interest rates,
if the issuer's bonds have a coupon higher than current market rates.

An issuer might call its bonds in extraordinary cases, including if:
o it no longer needs the money for the original purpose;
o the project is condemned or sold;
o the project is destroyed and insurance proceeds are used to redeem the
bonds;
o any related credit support expires and is not replaced; or
o interest on the bonds become taxable.

If the bonds are called, your income will decline and you may not be able to
reinvest the money you receive at as high a yield or as long a maturity. An
early call at par of a premium bond will reduce your return.

REDUCED DIVERSIFICATION RISK

If many investors sell their units, the Fund will have to sell bonds. This could
reduce the diversification of your investment and increase your share of Fund
expenses.

LIQUIDITY RISK

You can always sell back your units, but we cannot assure you that a liquid
trading market will always exist for the bonds in the portfolio, especially
since current law may restrict the Fund from selling bonds to any Sponsor. The
bonds will generally trade in the over-the-counter market. The value of the
bonds, and of your investment, may be reduced if trading in bonds is limited or
absent.

CONCENTRATION RISK

When a certain type of bond makes up 25% or more of the portfolio, it is said to
be 'concentrated' in that bond type, which makes the Portfolio less diversified.

Here is what you should know about the Georgia Portfolio's concentration in
state/local government supported bonds:
o state/local government supported bonds are ultimately guaranteed or
supported on a continuous basis by a state or local government having
taxing power;
o but the taxing power of any state/local government may be limited by
provisions of the state constitution or laws as well as political and
economic considerations;
o a state or local government's credit can be negatively affected by various
factors, including population decline that erodes the tax base, natural
disasters, decline in industry, limited access to capital markets or heavy
reliance on state or federal aid.

Here is what you should know about the North Carolina Portfolio's concentration
in hospital and health care bonds.

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<PAGE>
o payment for these bonds depends on revenues from private third-party payors
and government programs, including Medicare and Medicaid, which have
generally undertaken cost containment measures to limit payments to health
care providers;
o hospitals face increasing competition resulting from hospital mergers and
affiliations;
o hospitals need to reduce costs as HMOs increase market penetration and
hospital supply and drug companies raise prices;
o hospitals and health care providers are subject to various legal claims by
patients and others and are adversely affected by increasing costs of
insurance; and
o many hospitals are aggressively buying physician practices and assuming
risk contracts to gain market share. If revenues do not increase
accordingly, this practice could reduce profits;
o Medicare is changing its reimbursement system for nursing homes. Many
nursing home providers are not sure how they will be treated. In many
cases, the providers may receive lower reimbursements and these would have
to cut expenses to maintain profitability; and
o most retirement/nursing home providers rely on entrance fees for operating
revenues. If people live longer than expected and turnover is lower than
budgeted, operating revenues would be adversely affected by less than
expected entrance fees.

Here is what you should know about the Ohio Portfolio's concentration in general
obligation bonds.
o general obligation bonds are backed by the issuer's pledge of its full
faith, credit and taxing power;
o but the taxing power of any government issuer may be limited by provisions
of the state constitution or laws as well as political considerations; and
o an issuer's credit can be negatively affected by various factors, including
population decline that erodes the tax base, natural disasters, decline in
industry, limited access to capital markets or heavy reliance on state or
federal aid.

Here is what you should know about the Georgia and Ohio Portfolios'
concentrations in municipal water and sewer revenue bonds. The payment of
interest and principal of these bonds depends on the rates the utilities may
charge, the demand for their services and the cost of operating their business
which includes the expense of complying with environmental and other energy and
licensing laws and regulations. The operating results of utilities are
particularly influenced by:
o increases in operating and construction costs; and
o unpredicability of future usage requirements.

Here is what you should know about the North Carolina Portfolio's concentration
in municipal electric utility revenue bonds. The payment of interest and
principal of these bonds depends on the rates the utilities may charge, the
demand for their services and the cost of operating their business which
includes the expense of complying with environmental and other energy and
licensing laws and regulations. The operating results of utilities are
particularly influenced by:
o increases in operating and construction costs;
o the costs and availability of fuel;
o unpredicability of future usage requirements; and
o the risks associated with the nuclear industry.

There has been an increase in competition in the electric utility industry. The
effect of this

15
<PAGE>
competition has been to induce municipal utilities to keep their rates as low as
possible. Municipal electric utilities may, therefore, be unable to increase
rates to recover their investment in generating plant.

Changes to the portfolio from bond redemptions, maturities and sales may affect
the Fund's concentrations over time.

STATE CONCENTRATION RISK

GEORGIA RISKS

Generally

Economic activity and employment in Georgia have remained high since the 1996
Olympic Games in Atlanta. According to the State's chief economist, Georgia's
economy continues to outpace the national economy, driven by strong performance
in the service and retail sectors:

o State revenue in fiscal 1997 increased 6.62% over the prior year, to $11.9
billion.

o State revenue was expected to grow by 4.5% or more during fiscal 1998, with
similar growth through fiscal 1999. In fact, actual revenue collections in
the first half of fiscal 1998 were up by 5.9%, and are expected to be up
approximately 5.3% for the year.

o Continuing population growth is expected to further boost the State's
economy, especially the retail sector. The state's population has grown
faster than that of any state outside the Rocky Mountain region, at about
twice the national rate.

o Civilian unemployment in the state was 4.4% as of May 1997. Metropolitan
Atlanta, which accounts for about 46% of the state's population, has for
some time had a lower unemployment rate than the state as a whole.

o The most important sources of employment in Georgia are services, wholesale
and retail trade, manufacturing, government and transportation.

However, certain other factors affect the state's economy as well. For example,
Georgia has numerous military bases, so defense cutbacks could hurt employment
levels throughout the state.

State Government

The State has implemented certain changes to its tax system, which will affect
its budgets and its revenue base. For example:

o In 1996 the State voted to phase out its sales tax on groceries over four
years. It is estimated that the change will cost the state $152 million in
lost revenues in 1998, followed by $129 million in 1999 and $44 million
each year in 2000 and 2001.

o The State plans to offset lost revenues by cutting excess jobs, privatizing
certain State activities and otherwise eliminating inefficiencies in the
State government.

o In 1998, the State passed a $205 million cut in income taxes, which will
take effect in 1999. The State plans to use some of its 1998 surplus of
$715 million to offset the tax cut.

o In 1997, income tax receipts accounted for about 46% of the State's total
tax revenues, with sales tax receipts representing about 36.4%

Under Georgia law, most long-term debt issued by the State or its agencies, or
by local governments, must be validated and confirmed in a judicial proceeding
before it is

16
<PAGE>
issued. The judicial proceeding insures the validity of the bond issue.

Georgia's general obligation bonds are currently rated Aaa by Moody's, AAA by
Fitch and AAA by Standard & Poor's. However, economic or political conditions
could change, so these ratings may change. Also, particular bond issues can be
hurt by economic, political or other conditions that do not affect these
ratings.

NORTH CAROLINA RISKS

Generally

North Carolina has seen significant growth over the past 25 years, including
increases in population, labor force, and per capita income. It has become the
tenth most populous state, and has had an unemployment rate below the national
average for several years. Nonetheless, it remains primarily a rural state.

North Carolina's economy consists of a combination of industry, agriculture and
tourism:

o the state ranked eleventh nationally in non-agricultural employment and
eighth in manufacturing employment in 1998;

o the state also ranked seventh nationally in gross agricultural income in
1997;

o the state's agriculture industry is the third most diversified in the
country, which has protected farm income from some of the wide swings that
have been seen in other states; and

o the number of farms in the state has been decreasing, but the state's
agribusiness sector, such as processing of farm products, and farm inputs
such as fertilizer and farm machinery remains strong.

State and Local Government

The state constitution requires a balanced budget.

During the recession of the late 1980s and early 1990s, the state spent nearly
all of its retained surplus, imposed new taxes and cut spending to avoid a
budget deficit. These actions helped maintain the state's credit rating, but at
the cost of reduced spending on infrastructure and social development projects.
Since then, the state has seen an economic recovery, and state revenues have
increased faster than expected. As a result, the state has lowered some taxes,
including the corporate income tax and the food tax.

Most of the North Carolina bonds in the Trust will not be general obligation
bonds of the state. Instead, they will be revenue bonds repaid from the proceeds
of certain revenue-producing governmental activities or revenues generated by
private entities. Therefore, they are subject to certain risks that are
different from the general economic risks facing the state. Also, the Trust is
concentrated in North Carolina bonds, which creates additional risk based on
lack of diversification.

The state's general obligations are rated Aaa by Moody's and AAA by Standard &
Poor's.

OHIO RISKS

Generally

Overall, Ohio's economy is more cyclical than non-industrial states and the
nation as a whole:

o manufacturing (including auto-related manufacturing) is an important part
of Ohio's economy.

o agriculture and related industries are also very important.

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<PAGE>
o recent employment growth has been in non-manufacturing areas.

State Government

The Ohio general revenue fund for the current two-year period calls for
expenditures of over $36 billion:

o because general fund receipts and payments do not match exactly, temporary
cash-flow deficiencies occur throughout the year. Ohio law permits the
state government to manage this problem by permitting the adjustment of
payment schedules and the use of the total operating fund.

o Ohio's general obligation bonds are currently rated Aa1 by Moody's; AA+ by
Standard & Poor's (except for the State's highway bonds which Standard &
Poor's rates AAA). Fitch rates Ohio's general obligation bonds and its
highway bonds AA+. Other bonds issued by other State agencies may have
lower ratings. Any of these ratings may be changed.

o Ohio voters have authorized the State to incur debt to which taxes or
excises are pledged for payment.

Education Financing

In 1997, the Ohio Supreme Court found major aspects of the State's school
funding system to be unconstitutional. The Court ruled that, although property
taxes can play a role in school financing, they can no longer be the primary
means of school financing. The Court stayed its ruling to allow the State to
devise a system that complied with the State's constitution. During that stay,
repayment provisions of certain bonds issued for school funding will remain
valid.

BOND QUALITY RISK

A reduction in a bond's rating may decrease its value and, indirectly, the value
of your investment in the Fund.

INSURANCE RELATED RISK

Some bonds are backed by insurance companies (as shown under Portfolios).
Insurance policies generally make payments only according to a bond's original
payment schedule and do not make early payments when a bond defaults or becomes
taxable. Although the federal government does not regulate the insurance
business, various state laws and federal initiatives and tax law changes could
significantly affect the insurance business. The claims-paying ability of the
insurance companies is generally rated A or better by Standard & Poor's or
another nationally recognized rating organization. The insurance company ratings
are subject to change at any time at the discretion of the rating agencies.

LITIGATION AND LEGISLATION RISKS

We do not know of any pending litigation that might have a material adverse
effect upon the Fund.

Future tax legislation could affect the value of the portfolio by:
o limiting real property taxes,
o reducing tax rates,
o imposing a flat or other form of tax, or
o exempting investment income from tax.

SELLING OR EXCHANGING UNITS

You can sell your units at any time for a price based on net asset value. Your
net asset value is calculated each business day by:
o adding the value of the bonds, net accrued interest, cash and any other
Fund assets;

18
<PAGE>
o subtracting accrued but unpaid Fund expenses, unreimbursed Trustee
advances, cash held to buy back units or for distribution to investors and
any other Fund liabilities; and
o dividing the result by the number of outstanding units.

Your net asset value when you sell may be more or less than your cost because of
sales fees, market movements and changes in the portfolio.

SPONSORS' SECONDARY MARKET

While we are not obligated to do so, we will buy back units at net asset value
without any other fee or charge. We may resell the units to other buyers or to
the Trustee. You should consult your financial professional for current market
prices to determine if other broker-dealers or banks are offering higher prices.

We have maintained the secondary market continuously for over 25 years, but we
could discontinue it without prior notice for any business reason.

SELLING UNITS TO THE TRUSTEE

Regardless of whether we maintain a secondary market, you can sell your units to
the Trustee at any time by sending the Trustee a letter (with any outstanding
certificates if you hold Unit certificates). You must properly endorse your
certificates (or execute a written transfer instrument with signatures
guaranteed by an eligible institution). Sometimes, additional documents are
needed such as a trust document, certificate of corporate authority, certificate
of death or appointment as executor, administrator or guardian.

Within seven days after your request and the necessary documents are received,
the Trustee will mail a check to you. Contact the Trustee for additional
information.

As long as we are maintaining a secondary market, the Trustee will sell your
units to us at a price based on net asset value. If there is no secondary
market, the Trustee may sell your units in the over-the-counter market for a
higher price, but it is not obligated to do so. In that case, you will receive
the net proceeds of the sale.

If the Fund does not have cash available to pay you for units you are selling,
the agent for the Sponsors will select bonds to be sold. Bonds will be selected
based on market and credit factors. These sales could be made at times when the
bonds would not otherwise be sold and may result in your receiving less than the
unit par value and also reduce the size and diversity of the Fund.

There could be a delay in paying you for your units:
o if the New York Stock Exchange is closed (other than customary weekend and
holiday closings);
o if the SEC determines that trading on the New York Stock Exchange is
restricted or that an emergency exists making sale or evaluation of the
bonds not reasonably practicable; and
o for any other period permitted by SEC order.

EXCHANGE OPTION

You may exchange units of certain Defined Asset Funds for units of this Fund at
a maximum exchange fee of 1.90%. You may exchange units of this Fund for units
of certain

19
<PAGE>
other Defined Asset Funds at a reduced sales fee if your investment goals
change. To exchange units, you should talk to your financial professional about
what funds are exchangeable, suitable and currently available.

Normally, an exchange is taxable and you must recognize any gain or loss on the
exchange. However, the IRS may try to disallow a loss if the portfolios of the
two funds are not materially different; you should consult your own tax adviser.

We may amend or terminate this exchange option at any time without notice.

HOW THE FUND WORKS

PRICING

The price of a unit includes interest accrued on the bonds, less expenses, from
the initial most recent Record Day up to, but not including, the settlement
date, which is usually three business days after the purchase date of the unit.

A portion of the price of a unit consists of cash so that the Trustee can
provide you with regular monthly income. When you sell your units you will
receive your share of this cash.

EVALUATIONS

An independent Evaluator values the bonds on each business day (excluding
Saturdays, Sundays and the following holidays as observed by the New York Stock
Exchange: New Year's Day, Presidents' Day, Martin Luther King, Jr. Day, Good
Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas).
Bond values are based on current bid or offer prices for the bonds or comparable
bonds. In the past, the difference between bid and offer prices of publicly
offered tax-exempt bonds has ranged from 0.5% of face amount on actively traded
issues to 3.5% on inactively traded issues; the difference has averaged between
1 and 2%.

INCOME

The Trustee credits interest to an Income Account and other receipts to a
Capital Account. The Trustee may establish a Reserve Account by withdrawing from
these accounts amounts it considers appropriate to pay any material liability.
These accounts do not bear interest.

EXPENSES

The Trustee is paid monthly. It also benefits when it holds cash for the Fund in
non-interest bearing accounts. The Trustee may also receive additional amounts:
o to reimburse the Trustee for the Fund's operating expenses;
o for extraordinary services and costs of indemnifying the Trustee and the
Sponsors;
o costs of actions taken to protect the Fund and other legal fees and
expenses;
o expenses for keeping the Fund's registration statement current; and
o Fund termination expenses and any governmental charges.

The Sponsors are currently reimbursed up to 45 cents per $1,000 face amount
annually for providing portfolio supervisory, bookkeeping and administrative
services and for any other expenses properly chargeable to the Fund. Legal,
typesetting, electronic filing and regulatory filing fees and expenses
associated with updating the Portfolio's registration statement yearly are also
now chargeable to

20
<PAGE>
the Portfolio. While this fee may exceed the amount of these costs and expenses
attributable to this Fund, the total of these fees for all Series of Defined
Asset Funds will not exceed the aggregate amount attributable to all of these
Series for any calendar year. The Fund also pays the Evaluator's fees.

The Trustee's, Sponsors' and Evaluator's fees may be adjusted for inflation
without investors' approval.

The Sponsors will pay advertising and selling expenses at no charge to the Fund.
If Fund expenses exceed initial estimates, the Fund will owe the excess. The
Trustee has a lien on Fund assets to secure reimbursement of Fund expenses and
may sell bonds if cash is not available.

PORTFOLIO CHANGES

The Sponsors and Trustee are not liable for any default or defect in a bond; if
a contract to buy any bond.

Unlike a mutual fund, the portfolio is designed to remain intact and we may keep
bonds in the portfolio even if their credit quality declines or other adverse
financial circumstances occur. However, we may sell a bond in certain cases if
we believe that certain adverse credit conditions exist or if a bond becomes
taxable.

If we maintain a secondary market in units but are unable to sell the units that
we buy in the secondary market, we will redeem units, which will affect the size
and composition of the portfolio. Units offered in the secondary market may not
represent the same face amount of bonds that they did originally.

We decide whether or not to offer units for sale that we acquire in the
secondary market after reviewing:
o diversity of the portfolio;
o size of the Fund relative to its original size;
o ratio of Fund expenses to income;
o current and long-term returns;
o degree to which units may be selling at a premium over par; and
o cost of maintaining a current prospectus.

FUND TERMINATION

The Fund will terminate following the stated maturity or sale of the last bond
in the portfolio. The Fund may also terminate earlier with the consent of
investors holding 51% of the units or if total assets of the Fund have fallen
below 40% of the face amount of bonds deposited. We will decide whether to
terminate the Fund early based on the same factors used in deciding whether or
not to offer units in the secondary market.

When the Fund is about to terminate you will receive a notice, and you will be
unable to sell your units after that time. On or shortly before termination, we
will sell any remaining bonds, and you will receive your final distribution. Any
bond that cannot be sold at a reasonable price may continue to be held by the
Trustee in a liquidating trust pending its final sale.

You will pay your share of the expenses associated with termination, including
brokerage costs in selling bonds. This may reduce the amount you receive as your
final distribution.

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<PAGE>
CERTIFICATES

Certificates for units are issued on request. You may transfer certificates by
complying with the requirements for redeeming certificates, described above. You
can replace lost or mutilated certificates by delivering satisfactory indemnity
and paying the associated costs.

TRUST INDENTURE

The Fund is a 'unit investment trust' governed by a Trust Indenture, a contract
among the Sponsors, the Trustee and the Evaluator, which sets forth their duties
and obligations and your rights. A copy of the Indenture is available to you on
request to the Trustee. The following summarizes certain provisions of the
Indenture.

The Sponsors and the Trustee may amend the Indenture without your consent:
o to cure ambiguities;
o to correct or supplement any defective or inconsistent provision;
o to make any amendment required by any governmental agency; or
o to make other changes determined not to be materially adverse to your best
interest (as determined by the Sponsors).

Investors holding 51% of the units may amend the Indenture. Every investor must
consent to any amendment that changes the 51% requirement. No amendment may
reduce your interest in the Fund without your written consent.

The Trustee may resign by notifying the Sponsors. The Sponsors may remove the
Trustee without your consent if:
o it fails to perform its duties and the Sponsors determine that its
replacement is in your best interest; or
o it becomes incapable of acting or bankrupt or its affairs are taken over by
public authorities.
Investors holding 51% of the units may remove the Trustee. The Evaluator may
resign or be removed by the Sponsors and the Trustee without the consent of
investors. The resignation or removal of either becomes effective when a
successor accepts appointment. The Sponsors will try to appoint a successor
promptly; however, if no successor has accepted within 30 days after notice of
resignation, the resigning Trustee or Evaluator may petition a court to appoint
a successor.

Any Sponsor may resign as long as one Sponsor with a net worth of $2 million
remains and agrees to the resignation. The remaining Sponsors and the Trustee
may appoint a replacement. If there is only one Sponsor and it fails to perform
its duties or becomes bankrupt the Trustee may:
o remove it and appoint a replacement Sponsor;
o liquidate the Fund; or
o continue to act as Trustee without a Sponsor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated acts as agent for the
Sponsors.

The Trust Indenture contains customary provisions limiting the liability of the
Trustee, the Sponsors and the Evaluator.

LEGAL OPINION

Davis Polk & Wardwell, 450 Lexington Avenue, New York, New York 10017, as
counsel for the Sponsors, has given an opinion that the units are validly
issued. Special

22
<PAGE>
counsel located in the relevant states have given state and local tax opinions.

AUDITORS

Deloitte & Touche LLP, 2 World Financial Center, New York, New York 10281,
independent accountants, audited the Statements of Condition included in this
prospectus.

SPONSORS

The Sponsors are:
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (a wholly-owned subsidiary of
Merrill Lynch & Co., Inc.)
P.O. Box 9051,
Princeton, NJ 08543-9051
SALOMON SMITH BARNEY INC. (an indirectly wholly-owned subsidiary of Citigroup
Inc.)
388 Greenwich Street--23rd Floor,
New York, NY 10013
DEAN WITTER REYNOLDS INC. (a principal operating subsidiary of Morgan Stanley
Dean Witter & Co.)
Two World Trade Center--59th Floor,
New York, NY 10048
PRUDENTIAL SECURITIES INCORPORATED (an
indirect wholly-owned subsidiary of the
Prudential Insurance Company of America)
One New York Plaza
New York, NY 10292
PAINEWEBBER INCORPORATED (a wholly-owned subsidiary of PaineWebber Group Inc.)
1285 Avenue of the Americas,
New York, NY 10019

Each Sponsor is a Delaware corporation and it, or its predecessor, has acted as
sponsor to many unit investment trusts. As a registered broker-dealer each
Sponsor buys and sells securities (including investment company shares) for
others (including investment companies) and participates as an underwriter in
various selling groups.

TRUSTEE

The Chase Manhattan Bank, Unit Investment Trust Department, 4 New York
Plaza--6th Floor, New York, New York 10004, is the Trustee.

It is supervised by the Federal Deposit Insurance Corporation, the Board of
Governors of the Federal Reserve System and New York State banking authorities.

UNDERWRITERS' AND SPONSORS' PROFITS

Underwriters receive sales charges when they sell units. The Sponsors also
realized a profit or loss on the initial date of deposit of the bonds. Any cash
made available by you to the Sponsors before the settlement date for those units
may be used in the Sponsors' businesses to the extent permitted by federal law
and may benefit the Sponsors.

A Sponsor or Underwriter may realize profits or sustain losses on bonds in the
Fund which were acquired from underwriting syndicates of which it was a member.

In maintaining a secondary market, the Sponsors will also realize profits or
sustain losses in the amount of any difference between the prices at which they
buy units and the prices at which they resell or redeem them.

PUBLIC DISTRIBUTION

The Sponsors do not intend to qualify units for sale in any foreign countries.
This prospectus does not constitute an offer to sell units in any country where
units cannot lawfully be sold.

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<PAGE>
CODE OF ETHICS

Merrill Lynch, as agent for the Sponsors, has adopted a code of ethics requiring
preclearance and reporting of personal securities transactions by its employees
with access to information on portfolio transactions. The goal of the code is to
prevent fraud, deception or misconduct against the Fund and to provide
reasonable standards of conduct.

YEAR 2000 ISSUES

Many computer systems were designed in such a way that they may be unable to
distinguish between the year 2000 and the year 1900 (commonly known as the 'Year
2000 Problem'). We do not expect that the computer system changes necessary to
prepare for the Year 2000 will cause any major operational difficulties for the
Fund. The Year 2000 Problem may adversely affect the issuers of the securities
contained in the Portfolio, but we cannot predict whether any impact will be
material to the Portfolio as a whole.

TAXES

The following summary describes some of the important income tax consequences of
holding units. It assumes that you are not a dealer, financial institution,
insurance company or other investor with special circumstances. You should
consult your own tax adviser about your particular circumstances.

At the date of issue of each bond, counsel for the issuer delivered an opinion
to the effect that interest on the bond is exempt from regular federal income
tax. However, interest may be subject to state and local taxes and federal
alternative minimum tax. Neither we nor our counsel have reviewed the issuance
of the bonds, related proceedings or the basis for the opinions of counsel for
the issuers. We cannot assure you that the issuer (or other users) have complied
or will comply with any requirements necessary for a bond to be tax-exempt. If
any of the bonds were determined not to be tax-exempt, you could be required to
pay income tax for current and prior years, and if the Fund were to sell the
bond, it might have to sell it at a substantial discount.

In the opinion of our counsel, under existing law:

GENERAL TREATMENT OF THE FUND AND YOUR INVESTMENT

The Fund will not be taxed as a corporation for federal income tax purposes, and
you will be considered to own directly your share of each bond in the Fund.

INCOME OR LOSS UPON DISPOSITION

When all or part of your share of a bond is disposed of (for example, when the
Fund sells, exchanges or redeems a bond or when you sell or exchange your
units), you will generally recognize capital gain or loss. Your gain, however,
will generally be ordinary income to the extent of any accrued 'market
discount'. Generally you will have market discount to the extent that your basis
in a bond when you purchase a unit is less than its stated redemption price at
maturity (or, if it is an original issue discount bond, the issue price
increased by original issue discount that has accrued on the bond before your
purchase). You should consult your tax adviser in this regard.

24
<PAGE>
If your net long-term capital gains exceed your net short-term capital losses,
the excess may be subject to tax at a lower rate than ordinary income. Any
capital gain from the Fund will be long-term if you are considered to have held
your investment on each bond for more than one year and short-term if you held
it for one year or less. If you are an individual and sell your units after
holding them for more than one year, you may be entitled to a 20% maximum
federal tax rate on any resulting gains. Consult your tax adviser in this
regard. Because the deductibility of capital losses is subject to limitations,
you may not be able to deduct all of your capital losses.

YOUR BASIS IN THE BONDS

Your aggregate basis in the bonds will be equal to the cost of your units,
including any sales charges and the organizational expenses you pay, adjusted to
reflect any accruals of 'original issue discount,' 'acquisition premium' and
'bond premium'. You should consult your tax adviser in this regard.

EXPENSES

If you are not a corporate investor, you will not be entitled to a deduction for
your share of fees and expenses of the Fund. Also, if you borrowed money in
order to purchase or carry your units, you will not be able to deduct the
interest on this borrowing for federal income tax purposes. The IRS may treat
your purchase of units as made with borrowed money even if the money is not
directly traceable to the purchase of units.

STATE AND LOCAL TAXES

Under the income tax laws of the State and City of New York, the Fund will not
be taxed as a corporation. If you are a New York taxpayer, your income from the
Fund will not be tax-exempt in New York except to the extent that the income is
earned on bonds that are tax-exempt for New York purposes. Depending on where
you live, your income from the Fund may be subject to state and local taxation.
You should consult your tax adviser in this regard.

GEORGIA TAXES

In the opinion of King & Spalding, Atlanta, Georgia, special counsel on Georgia
tax matters:

Under the income tax laws of the State of Georgia, the Georgia Trust will not be
taxed as a corporation, and the income received by the Georgia Trust will be
treated as if received on a pro rata basis by the Holders of interests in the
Georgia Trust. Thus, interest income received by the Georgia Trust on bonds
whose interest qualifies for Georgia income tax exemption will be exempt from
Georgia income taxes when received by the Georgia Trust and distributed to the
Holders. On the other hand, gains and losses upon the redemption of bonds or the
sale of interests in the Georgia Trust generally will be taken into account for
Georgia income tax purposes, regardless of the status of the bonds. You should
consult your tax adviser in this regard concerning the application of Georgia
taxes to your investment in the Georgia Trust.

NORTH CAROLINA TAXES

In the opinion of Hunton & Williams, Raleigh, North Carolina, special counsel on
North Carolina tax matters:

25
<PAGE>
The North Carolina Trust will not be taxed as a corporation under the current
income tax laws of North Carolina. Therefore, if you are a North Carolina
taxpayer your interest income from the North Carolina Trust will be exempt from
North Carolina income tax to the extent that income is earned on bonds or other
obligations held by the Trust that are exempt from North Carolina income tax.
However, gains on the sale of bonds or other obligations by the North Carolina
Trust or on the sale of your units will be subject to North Carolina income tax,
unless the gain from the sale of such bonds or other obligation is expressly
exempt from income tax under North Carolina law. You should consult your tax
adviser as to the consequences to you with respect to any investment you make in
the Trust.

OHIO TAXES

In the opinion of Vorys, Sater, Seymour and Pease LLP, Columbus, Ohio, special
counsel on Ohio tax matters:

Under the laws of the State of Ohio, the Ohio Trust will not be subject to the
Ohio corporation franchise tax or the Ohio tax on dealers in intangibles. If you
are an Ohio taxpayer, your interest income from the Ohio Trust will be exempt
from Ohio personal income taxes and Ohio corporation franchise taxes to the
extent it relates to bonds held by the Ohio Trust that are exempt from taxation
under Ohio law. However, any gains and losses which must be recognized for
federal income tax purposes (whether upon the sale of your units in the Ohio
Trust or upon the sale of bonds by the Ohio Trust) also must be recognized for
Ohio personal income and corporation franchise tax purposes, except to the
extent the gains and losses are attributable to the sale of bonds by the Ohio
Trust that are exempt from such taxation under Ohio law. Your interest income
and your gains and losses generally are not subject to municipal income taxation
in Ohio. You should consult your tax adviser concerning the application of Ohio
taxes to you in connection with your investment in the Ohio Trust.

SUPPLEMENTAL INFORMATION

You can receive at no cost supplemental information about the Fund by calling
the Trustee. The supplemental information includes more detailed risk disclosure
about the types of bonds that may be in the Fund's portfolios, general risk
disclosure concerning any insurance securing certain bonds, and general
information about the structure and operation of the Fund. The supplemental
information is also available from the SEC.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES - 30 (GEORGIA, NORTH CAROLINA AND OHIO TRUSTS)

REPORT OF INDEPENDENT ACCOUNTANTS

The Sponsors, Trustee and Holders
of Defined Asset Funds - Municipal Investment Trust Fund,
Multistate Series - 30 (Georgia, North Carolina and Ohio Trusts):

We have audited the accompanying statements of condition of
Defined Asset Funds - Municipal Investment Trust Fund,
Multistate Series - 30 (Georgia, North Carolina and Ohio Trusts),
including the portfolios, as of February 28, 1999 and the
related statements of operations and of changes in net assets
for the years ended February 28, 1999, 1998 and 1997. These
financial statements are the responsibility of the Trustee.
Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with generally
accepted auditing standards. Those standards require that
we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures
in the financial statements. Securities owned at February
28, 1999, as shown in such portfolios, were confirmed to us
by The Chase Manhattan Bank, the Trustee. An audit also
includes assessing the accounting principles used and
significant estimates made by the Trustee, as well as
evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for
our opinion.

In our opinion, the financial statements referred to
above present fairly, in all material respects, the
financial position of Defined Asset Funds - Municipal
Investment Trust Fund, Multistate Series - 30 (Georgia,
North, Carolina and Ohio Trusts) at February 28, 1999 and
the results of their operations and changes in their net
assets for the above-stated years in conformity with
generally accepted accounting principles.

DELOITTE & TOUCHE LLP

New York, N.Y.
April 6, 1999

D - 1.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (GEORGIA TRUST)

STATEMENT OF CONDITION
As of February 28, 1999
<TABLE>
<CAPTION>

TRUST PROPERTY:
Investment in marketable securities -
<S> <C> <C> <C>
20 at value (cost $ 2,917,193 )(Note 1)......... $ 3,146,755
36 Accrued interest ............................... 40,354
32 Cash - income .................................. 13,404
34 Cash - principal ............................... 14
-----------
40 Total trust property ......................... 3,200,527

LESS LIABILITIES:
50 Income advance from Trustee..................... $ 17,195
143 Accrued Sponsors' fees ......................... 187 17,382
----------- -----------

NET ASSETS, REPRESENTED BY:
80 2,972 units of fractional undivided
80 interest outstanding (Note 3)................ 3,146,769

105 Undistributed net investment income ............ 36,376 $ 3,183,145
----------- ===========

130UNIT VALUE ($ 3,183,145 / 2,972 units )........... $ 1,071.04
===========

</TABLE>

See Notes to Financial Statements.

D - 2.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (GEORGIA TRUST)

STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

Years Ended February 28,
1999 1998 1997
---- ---- ----

INVESTMENT INCOME:
<S> <C> <C> <C>
10 Interest income ........................ $ 167,784 $ 184,713 $ 184,964
20 Trustee's fees and expenses ............ (4,603) (5,345) (5,002)
30 Sponsors' fees ......................... (1,187) (1,196) (1,175)
------------------------------------------------
40 Net investment income .................. 161,994 178,172 178,787
------------------------------------------------

REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Realized gain on
50 securities sold or redeemed .......... 12,006 2,818
Unrealized appreciation (depreciation)
60 of investments ....................... 29,098 152,203 (5,098)
------------------------------------------------
Net realized and unrealized
70 gain (loss) on investments ........... 41,104 155,021 (5,098)
------------------------------------------------

NET INCREASE IN NET ASSETS
80 RESULTING FROM OPERATIONS .............. $ 203,098 $ 333,193 $ 173,689
================================================

</TABLE>

See Notes to Financial Statements.

D - 3.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (GEORGIA TRUST)

STATEMENTS OF CHANGES IN NET ASSETS
<TABLE>
<CAPTION>
Years Ended February 28,
1999 1998 1997
---- ---- ----

OPERATIONS:
<S> <C> <C> <C>
10 Net investment income .................. $ 161,994 $ 178,172 $ 178,787
Realized gain on
20 securities sold or redeemed .......... 12,006 2,818
Unrealized appreciation (depreciation)
30 of investments ....................... 29,098 152,203 (5,098)
------------------------------------------------
Net increase in net assets
40 resulting from operations ............ 203,098 333,193 173,689
------------------------------------------------
DISTRIBUTIONS TO HOLDERS (Note 2):
50 Income ................................ (162,025) (178,290) (178,747)
60 Principal .............................. (24,396)
------------------------------------------------
70 Total distributions .................... (186,421) (178,290) (178,747)
------------------------------------------------
SHARE TRANSACTIONS :
82 Redemption amounts - income ............ (3,229) (383)
83 Redemption amounts - principal ......... (267,678) (38,376)
------------------------------------------------
84 Total share transactions ............... (270,907) (38,759)
------------------------------------------------

90NET (DECREASE) INCREASE IN NET ASSETS .... (254,230) 116,144 (5,058)

100NET ASSETS AT BEGINNING OF YEAR .......... 3,437,375 3,321,231 3,326,289
------------------------------------------------
110NET ASSETS AT END OF YEAR ................ $ 3,183,145 $ 3,437,375 $ 3,321,231
================================================
PER UNIT:
Income distributions during
120 year ................................. $ 54.14 $ 54.69 $ 54.78
================================================
Principal distributions during
130 year ................................. $ 8.08
===================
Net asset value at end of
140 year ................................. $ 1,071.04 $ 1,065.19 $ 1,017.85
================================================
TRUST UNITS:
83 Redeemed during year ................... 255 36
150 Outstanding at end of year ............. 2,972 3,227 3,263
================================================

</TABLE>
See Notes to Financial Statements.

D - 4.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (GEORGIA TRUST)

NOTES TO FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES

The Fund is registered under the Investment Company Act of 1940 as a Unit
Investment Trust. The following is a summary of significant accounting policies
consistently followed by the Fund in the preparation of its financial
statements. The policies are in conformity with generally accepted accounting
principles.

(A) Securities are stated at value as determined by the
Evaluator based on bid side evaluations for the securities.

(B) The Fund is not subject to income taxes. Accordingly, no
provision for such taxes is required.

2. DISTRIBUTIONS

A distribution of net investment income is made to Holders each month.
Receipts other than interest, after deductions for redemptions and applicable
expenses, are also distributed periodically.

3. NET CAPITAL
<TABLE>
<CAPTION>

<S> <C> <C>
8 Original Units and Unit Cost at Date of Deposit ........... 3,300 3,425,109
10 Cost of 2,972 units at Date of Deposit ..................... $ 3,084,674
20 Less sales charge .......................................... 138,822
-----------
25 Net amount applicable to Holders ........................... 991.2018843 2,945,852
31 Redemptions of units - net cost of 328 units redeemed
143 less redemption amounts (principal)....................... (19,195)
40 Realized gain on securities sold or redeemed ............... 15,794
50 Principal distributions .................................... (25,244)
70 Unrealized appreciation of investments...................... 229,562
-----------

80 Net capital applicable to Holders .......................... $ 3,146,769
===========

</TABLE>

4. INCOME TAXES

As of February 28, 1999, unrealized appreciation of investments, based on
cost for Federal income tax purposes, aggregated $229,562, all of which related
to appreciated securities. The cost of investment securities for Federal income
tax purposes was $2,917,193 at February 28, 1999.

D - 5.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (GEORGIA TRUST)

PORTFOLIO
As of February 28, 1999

Rating PE VER C. Optional
Portfolio No. and Title of of Face Redemption
Securities Issues(1) Amount Coupon Maturities(3) Provisions(3) Cost Value(2)
---------- --------- ----------- ----------- ------------ ------------ ---------- ---------

<S> <C> <C> <C> <C> <C> <C> <C>
1 Downtown Smyrna Dev. Auth., GA, Rev. AA- $ 475,000 5.500 % 2012 02/01/03 $ 466,759 $ 505,034
Rfdg. Bonds, Ser. 1993 261174CH7 @ 102.000

2 Downtown Dev. Auth., GA, The City of AA 500,000 6.250 2012 10/01/02 520,840 547,055
Atlanta, Rfdg. Rev. Bonds (Underground 047804AJ8 @ 102.000
Atlanta Proj.), Ser. 1992

3 Municipal Elec. Auth., GA, Pwr. Rev. A 460,000 5.500 2020 None 441,600 481,602
Bonds, Ser. 1992 Z 373540X32

4 Fayette Cnty., GA, Water Rev. Bonds, AAA 235,000 6.200 2022(5) 10/01/02 245,831 259,400
Ser. 1992 B (Financial Guaranty Ins.) 312245FJ7 @ 102.000
(4)

5 City of Gainesville, GA, W & S Rfdg. AAA 500,000 5.250 2010 None 480,505 540,940
Rev. Bonds, Ser. 1993 363010TE9
(Financial Guaranty Ins.) (4)

6 City of LaGrange, GA, W & S Rev. Rfdg. A3(m) 460,000 5.250 2012 01/01/03 438,835 475,865
Bonds, Ser. 1993 503192FS0 @ 102.000

7 Puerto Rico Hwy. and Trans. Auth., Hwy. A 325,000 5.750 2018 07/01/02 322,823 336,859
Rev. Rfdg. Bonds, Ser. V 745181AY3 @ 100.000

--------- --------- ---------
TOTAL $ 2,955,000 $ 2,917,193 $ 3,146,755
========= ========= =========

See Notes to Portfolio on page D - 17.

</TABLE>

D - 6.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (NORTH CAROLINA TRUST)

STATEMENT OF CONDITION
As of February 28, 1999

TRUST PROPERTY:
Investment in marketable securities -
<S> <C> <C> <C>
20 at value (cost $ 3,296,000 )(Note 1)......... $ 3,482,608
36 Accrued interest ............................... 35,097
32 Cash - income .................................. 15,243
-----------
40 Total trust property ......................... 3,532,948

LESS LIABILITIES:
50 Income advance from Trustee..................... $ 9,060
143 Accrued Sponsors' fees ......................... 212 9,272
----------- -----------

NET ASSETS, REPRESENTED BY:
80 3,350 units of fractional undivided
80 interest outstanding (Note 3)................ 3,482,608

105 Undistributed net investment income ............ 41,068 $ 3,523,676
----------- ===========

130UNIT VALUE ($ 3,523,676 / 3,350 units )........... $ 1,051.84
===========

</TABLE>

See Notes to Financial Statements.

D - 7.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (NORTH CAROLINA TRUST)

STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

Years Ended February 28,
1999 1998 1997
---- ---- ----

INVESTMENT INCOME:
<S> <C> <C> <C>
10 Interest income ........................ $ 188,875 $ 188,875 $ 188,875
20 Trustee's fees and expenses ............ (4,876) (5,439) (5,132)
30 Sponsors' fees ......................... (1,261) (1,228) (1,206)
------------------------------------------------
40 Net investment income .................. 182,738 182,208 182,537

UNREALIZED APPRECIATION (DEPRECIATION)
60 OF INVESTMENTS ......................... 47,024 173,645 (18,601)
------------------------------------------------

NET INCREASE IN NET ASSETS
80 RESULTING FROM OPERATIONS .............. $ 229,762 $ 355,853 $ 163,936
================================================

</TABLE>

See Notes to Financial Statements.

D - 8.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (NORTH CAROLINA TRUST)

STATEMENTS OF CHANGES IN NET ASSETS
<TABLE>
<CAPTION>

Years Ended February 28,
1999 1998 1997
---- ---- ----

OPERATIONS:
<S> <C> <C> <C>
10 Net investment income .................. $ 182,738 $ 182,208 $ 182,537
Unrealized appreciation (depreciation)
30 of investments ....................... 47,024 173,645 (18,601)
------------------------------------------------
Net increase in net assets
40 resulting from operations ............ 229,762 355,853 163,936

INCOME DISTRIBUTIONS TO
50 HOLDERS (Note 2)....................... (182,709) (182,240) (182,542)
------------------------------------------------

90NET INCREASE (DECREASE) IN NET ASSETS .... 47,053 173,613 (18,606)

100NET ASSETS AT BEGINNING OF YEAR .......... 3,476,623 3,303,010 3,321,616
------------------------------------------------
110NET ASSETS AT END OF YEAR ................ $ 3,523,676 $ 3,476,623 $ 3,303,010
================================================
PER UNIT:
Income distributions during
120 year ................................. $ 54.54 $ 54.40 $ 54.49
================================================
Net asset value at end of
140 year ................................. $ 1,051.84 $ 1,037.80 $ 985.97
================================================
TRUST UNITS:
150 Outstanding at end of year ............. 3,350 3,350 3,350
================================================

</TABLE>

See Notes to Financial Statements.

D - 9.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (NORTH CAROLINA TRUST)

NOTES TO FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES

(A) Securities are stated at value as determined by the
Evaluator based on bid side evaluations for the securities.

(B) The Fund is not subject to income taxes. Accordingly, no
provision for such taxes is required.

2. DISTRIBUTIONS

A distribution of net investment income is made to Holders each month.
Receipts other than interest, after deductions for redemptions and applicable
expenses, are also distributed periodically.

3. NET CAPITAL
<TABLE>
<CAPTION>

<S> <C> <C>
8 Original Units and Unit Cost at Date of Deposit ........... 3,350 3,451,306
10 Cost of 3,350 units at Date of Deposit ..................... $ 3,451,306
20 Less sales charge .......................................... 155,306
-----------
25 Net amount applicable to Holders ........................... 983.8805970 3,296,000
70 Unrealized appreciation of investments...................... 186,608
-----------

80 Net capital applicable to Holders .......................... $ 3,482,608
===========

</TABLE>

4. INCOME TAXES

As of February 28, 1999, unrealized appreciation of investments, based on
cost for Federal income tax purposes, aggregated $186,608, all of which related
to appreciated securities. The cost of investment securities for Federal income
tax purposes was $3,296,000 at February 28, 1999.

D - 10.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (NORTH CAROLINA TRUST)

PORTFOLIO
As of February 28, 1999
<TABLE>
<CAPTION>

Rating Optional
Portfolio No. and Title of of Face Redemption
Securities Issues(1) Amount Coupon Maturities(3) Provisions(3) Cost Value(2)
---------- --------- ----------- ----------- ------------ ------------ ---------- ---------

<S> <C> <C> <C> <C> <C> <C> <C>
1 The Charlotte-Mecklenburg Hosp. Auth. AA $ 200,000 5.750 % 2012(6) 01/01/02 $ 201,576 $ 214,914
NC, Hlth. Care Sys. Rev. Bonds, 160853GM3 @ 102.000
Ser. 1992
300,000 5.750 2012 01/01/02 302,364 319,842
160853HA8 @ 102.000

2 North Carolina Med. Care Cmnty. Hosp. AAA 500,000 5.500 2024 08/15/03 475,640 514,500
Rev. Bonds (Alamane Hlth. Svc., Inc. 6582023B0 @ 102.000
Proj.), Ser. 1993 (FSA Ins.) (4)

3 North Carolina Eastern Mun. Pwr. Agy., Baa1(m) 500,000 5.500 2021 01/01/03 472,795 498,700
Pwr. Sys. Rev. Bonds, Rfdg. Ser. 1993 B 658196PN4 @ 100.000

4 North Carolina Med. Care Comm. Hosp. AA 500,000 5.500 2015 05/01/02 493,670 512,395
Rev. Rfdg. Bonds (Carolina Medicorp. 658202S80 @ 102.000
Proj.), Ser. 1992

5 North Carolina Mun. Pwr. Agy. Number 1 A- 500,000 5.750 2015 01/01/03 493,835 514,175
Catawba Elec. Rev. Bonds, Ser. 1992 658203QT4 @ 100.000

6 City of Concord, NC, Util. Sys. Rev. AAA 500,000 5.750 2017(6) 12/01/02 508,465 545,310
Bonds, Ser. 1993 (MBIA Ins.) (4) 206461AQ8 @ 102.000

7 Puerto Rico Hwy. and Trans. Auth., Hwy. A 350,000 5.750 2018 07/01/02 347,655 362,772
Rev. Rfdg. Bonds, Ser. 1992 V 745181AY3 @ 100.000

--------- --------- ---------
TOTAL $ 3,350,000 $ 3,296,000 $ 3,482,608
========= ========= =========

See Notes to Portfolios on page D - 17.

</TABLE>

D - 11.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (OHIO TRUST)

STATEMENT OF CONDITION
As of February 28, 1999
<TABLE>
<CAPTION>

TRUST PROPERTY:
Investment in marketable securities -
<S> <C> <C> <C>
20 at value (cost $ 3,025,885 )(Note 1)......... $ 3,197,986
36 Accrued interest ............................... 47,077
32 Cash - income .................................. 13,771
34 Cash - principal ............................... 4,521
-----------
40 Total trust property ......................... 3,263,355

LESS LIABILITIES:
50 Income advance from Trustee..................... $ 22,261
143 Accrued Sponsors' fees ......................... 194 22,455
----------- -----------

NET ASSETS, REPRESENTED BY:
80 3,040 units of fractional undivided
80 interest outstanding (Note 3)................ 3,202,507

105 Undistributed net investment income ............ 38,393 $ 3,240,900
----------- ===========

130UNIT VALUE ($ 3,240,900 / 3,040 units )........... $ 1,066.09
===========

See Notes to Financial Statements.

</TABLE>

D - 12.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (OHIO TRUST)

STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>

Years Ended February 28,
1999 1998 1997
---- ---- ----

INVESTMENT INCOME:
<S> <C> <C> <C>
10 Interest income ........................ $ 178,104 $ 189,706 $ 191,461
20 Trustee's fees and expenses ............ (4,755) (5,472) (5,129)
30 Sponsors' fees ......................... (1,225) (1,232) (1,215)
------------------------------------------------
40 Net investment income .................. 172,124 183,002 185,117
------------------------------------------------

REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Realized gain on
50 securities sold or redeemed .......... 7,369 5,261
Unrealized appreciation (depreciation)
60 of investments ....................... 23,522 142,687 (21,086)
------------------------------------------------
Net realized and unrealized
70 gain (loss) on investments ........... 30,891 147,948 (21,086)
------------------------------------------------

NET INCREASE IN NET ASSETS
80 RESULTING FROM OPERATIONS .............. $ 203,015 $ 330,950 $ 164,031
================================================

</TABLE>

See Notes to Financial Statements.

D - 13.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (OHIO TRUST)

STATEMENTS OF CHANGES IN NET ASSETS
<TABLE>
<CAPTION>

Years Ended February 28,
1999 1998 1997
---- ---- ----

OPERATIONS:
<S> <C> <C> <C>
10 Net investment income .................. $ 172,124 $ 183,002 $ 185,117
Realized gain on
20 securities sold or redeemed .......... 7,369 5,261
Unrealized appreciation (depreciation)
30 of investments ....................... 23,522 142,687 (21,086)
------------------------------------------------
Net increase in net assets
40 resulting from operations ............ 203,015 330,950 164,031
------------------------------------------------
DISTRIBUTIONS TO HOLDERS (Note 2):
50 Income ................................ (172,285) (183,123) (185,156)
60 Principal .............................. (3,172) (3,912)
------------------------------------------------
70 Total distributions .................... (175,457) (187,035) (185,156)
------------------------------------------------
SHARE TRANSACTIONS:
82 Redemption amounts - income ............ (1,834) (2,301)
83 Redemption amounts - principal ......... (164,033) (194,316)
------------------------------------------------
84 Total share transactions ............... (165,867) (196,617)
------------------------------------------------

90NET DECREASE IN NET ASSETS ............... (138,309) (52,702) (21,125)

100NET ASSETS AT BEGINNING OF YEAR .......... 3,379,209 3,431,911 3,453,036
------------------------------------------------
110NET ASSETS AT END OF YEAR ................ $ 3,240,900 $ 3,379,209 $ 3,431,911
================================================
PER UNIT:
Income distributions during
120 year ................................. $ 54.47 $ 54.62 $ 54.78
================================================
Principal distributions during
130 year ................................. $ 1.03 $ 1.17
=====================================
Net asset value at end of
140 year ................................. $ 1,066.09 $ 1,057.66 $ 1,015.36
================================================
TRUST UNITS:
83 Redeemed during year ................... 155 185
150 Outstanding at end of year ............. 3,040 3,195 3,380
================================================
</TABLE>

See Notes to Financial Statements.
D - 14.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (OHIO TRUST)

NOTES TO FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES

(A) Securities are stated at value as determined by the
Evaluator based on bid side evaluations for the securities.

(B) The Fund is not subject to income taxes. Accordingly, no
provision for such taxes is required.

2. DISTRIBUTIONS

A distribution of net investment income is made to Holders each month.
Receipts other than interest, after deductions for redemptions and applicable
expenses, are also distributed periodically.

3. NET CAPITAL
<TABLE>
<CAPTION>

<S> <C> <C>
8 Original Units and Unit Cost at Date of Deposit ........... 3,500 3,681,545
10 Cost of 3,040 units at Date of Deposit ..................... $ 3,197,684
20 Less sales charge .......................................... 143,884
-----------
25 Net amount applicable to Holders ........................... 1,004.5401316 3,053,800
31 Redemptions of units - net cost of 460 units redeemed
143 less redemption amounts (principal)....................... (17,039)
40 Realized gain on securities sold or redeemed ............... 9,973
50 Principal distributions .................................... (16,328)
70 Unrealized appreciation of investments...................... 172,101
-----------

80 Net capital applicable to Holders .......................... $ 3,202,507
===========
</TABLE>

4. INCOME TAXES

As of February 28, 1999, unrealized appreciation of investments, based on
cost for Federal income tax purposes, aggregated $172,101, all of which related
to appreciated securities. The cost of investment securities for Federal income
tax purposes was $3,025,885 at February 28, 1999.

D - 15.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES 30 (OHIO TRUST) (INSURED)

PORTFOLIO
As of February 28, 1999
<TABLE>
<CAPTION>

Rating of PE VER C. Optional
Portfolio No. and Title of Issues Face Redemption
Securities (1) (5) Amount Coupon Maturities(3) Provisions(3) Cost Value(2)
---------- --------- ----------- ----------- ------------ ------------ ---------- ---------

<S> <C> <C> <C> <C> <C> <C> <C>
1 Ohio Wtr. Dev. Auth., State of Ohio, AAA $ 500,000 5.500 % 2018 12/01/02 $ 493,185 $ 517,150
Wtr. Dev. Rev. Rfdg. Bonds, Pure Wtr. 6776582S4 @ 102.000
Rfdg. and Imp. Ser. 1992 (AMBAC Ins.)

2 The Franklin Cnty., OH, Conv. Fac. AAA 410,000 5.850 2019 12/01/02 416,904 444,198
Auth., Tax and Lease Rev. Anticipation 353174BG9 @ 102.000
Rfdg. Bonds, Ser. 1992 (MBIA Ins.)

3 Cnty. of Clermont, OH, Hosp. Facilities AAA 500,000 5.875 2015 01/01/03 507,375 528,420
Rev. Rfdg. Bonds, (Mercy Hlth. Sys.), 185705EX4 @ 102.000
Ser. 1993 (MBIA Ins.)

4 Crestview Local Sch. Dist., OH, Sch. AAA 460,000 5.700 2015 12/01/03 464,094 485,700
Fac. Imp. Bonds, (G.O. Unltd. Tax Bonds), 226327DR2 @ 102.000
Ser. 1993 (AMBAC Ins.)

5 City of Avon Lake, OH, Water Sys. Mtge. AAA 455,000 5.400 2013 10/01/03 446,692 472,900
Rev. Rfdg. Bonds, Ser. 1993 A 054132AR6 @ 101.000
(AMBAC Ins.)

6 City of Hamilton, OH, Elec. Sys. Mtge. AAA 195,000 6.000 2023 10/15/02 200,725 211,858
Rev. Rfdg. Bonds, Ser. 1992 A 40727FCU6 @ 102.000
(Financial Guaranty Ins.)

7 City of Warren, OH, G.O Limited AAA 500,000 5.500 2013 11/15/03 496,910 537,760
Tax Various Purpose Rfdg. Bonds, 935460GG4 @ 102.000
Ser. 1993 (AMBAC Ins.)
--------- --------- ---------
TOTAL $ 3,020,000 $ 3,025,885 $ 3,197,986
========= ========= =========

See Notes to Portfolios on page D - 17.

</TABLE>

D - 16.

DEFINED ASSET FUNDS - MUNICIPAL INVESTMENT TRUST FUND,
MULTISTATE SERIES - 30 (GEORGIA, NORTH CAROLINA AND OHIO TRUSTS)

NOTES TO PORTFOLIOS
As of February 28, 1999

(1) The ratings of the bonds are by Standard & Poor's Ratings Group,
or by Moody's Investors Service, Inc. if followed by "(m)", or by
Fitch Investors Service, Inc. if followed by "(f)"; "NR"
indicates that this bond is not currently rated by any of the
above-mentioned rating services. These ratings have been
furnished by the Evaluator but not confirmed with the rating
agencies.

(2) See Notes to Financial Statements.

(3) Optional redemption provisions, which may be exercised in whole
or in part, are initially at prices of par plus a premium, then
subsequently at prices declining to par. Certain securities may
provide for redemption at par prior or in addition to any
optional or mandatory redemption dates or maturity, for example,
through the operation of a maintenance and replacement fund, if
proceeds are not able to be used as contemplated, the project is
condemned or sold or the project is destroyed and insurance
proceeds are used to redeem the securities. Many of the
securities are also subject to mandatory sinking fund redemption
commencing on dates which may be prior to the date on which
securities may be optionally redeemed. Sinking fund redemptions
are at par and redeem only part of the issue. Some of the
securities have mandatory sinking funds which contain optional
provisions permitting the issuer to increase the principal amount
of securities called on a mandatory redemption date. The sinking
fund redemptions with optional provisions may, and optional
refunding redemptions generally will, occur at times when the
redeemed securities have an offering side evaluation which
represents a premium over par. To the extent that the securities
were acquired at a price higher than the redemption price, this
will represent a loss of capital when compared with the Public
Offering Price of the Units when acquired. Distributions will
generally be reduced by the amount of the income which would
otherwise have been paid with respect to redeemed securities and
there will be distributed to Holders any principal amount and
premium received on such redemption after satisfying any
redemption requests for Units received by the Fund. The estimated
current return may be affected by redemptions. The tax effect on
Holders of redemptions and related distributions is described
under "Taxes" in this Prospectus, Part B.

(4) Insured by the indicated municipal bond insurance company.

(5) All securities are insured, either on an individual basis or by
portfolio insurance, by a municipal bond insurance company which
has been assigned "AAA" claims paying ability by Standard &
Poor's. Accordingly, Standard & Poor's has assigned "AAA" ratings
to the securities. Securities covered by portfolio insurance are
rated "AAA" only as long as they remain in this Trust. See "Risk
Factors - Bonds Backed by Letters of Credit or Insurance" in this
Prospectus, Part B.

(6) Bonds with an aggregate face amount of $ 235,000 of the Georgia
Trust and $ 700,000 of the North Carolina Trust have been
pre-refunded and are expected to be called for redemption on the
optional redemption provision dates shown.

D - 17.

<PAGE>
Defined
Asset FundsSM

HAVE QUESTIONS ? MUNICIPAL INVESTMENT TRUST FUND
Request the most MULTISTATE SERIES--30
recent free Information (A Unit Investment Trust)
Supplement that gives more ---------------------------------------
details about the Fund, This Prospectus does not contain
by calling: complete information about the
The Chase Manhattan Bank investment company filed with the
1-800-323-1508 Securities and Exchange Commission in
Washington, D.C. under the:
o Securities Act of 1933 (file no.
33-49353) and
o Investment Company Act of 1940 (file
no. 811-1777).
TO OBTAIN COPIES AT PRESCRIBED RATES--
WRITE: Public Reference Section of the
Commission
450 Fifth Street, N.W., Washington,
D.C. 20549-6009
CALL: 1-800-SEC-0330.
VISIT: http://www.sec.gov.
---------------------------------------
No person is authorized to give any
information or representations about
this Fund not contained in this
Prospectus or the Information
Supplement, and you should not rely on
any other information.
---------------------------------------
When units of this Fund are no longer
available, this Prospectus may be used
as a preliminary prospectus for a
future series, but some of the
information in this Prospectus will be
changed for that series.
Units of any future series may not be
sold nor may offers to buy be accepted
until that series has become effective
with the Securities and Exchange
Commission. No units can be sold in any
State where a sale would be illegal.

14470--6/99