FILE NO. 333
CIK #896603
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
Form S-6
For Registration under the Securities Act of 1933 of Securities of Unit
Investment Trusts Registered on Form N-8B-2.
A. Exact name of Trust: INSURED MUNICIPALS INCOME TRUST, 244TH INSURED MULTI-
SERIES
B. Name of Depositor: VAN KAMPEN FUNDS INC.
C. Complete address of Depositor's principal executive offices:
One Parkview Plaza
Oakbrook Terrace, Illinois 60181
D. Name and complete address of agents for service:
VAN KAMPEN FUNDS INC. CHAPMAN AND CUTLER
Attention: Don G. Powell, Chairman Attention: Mark J. Kneedy
One Parkview Plaza 111 West Monroe Street
Oakbrook Terrace, Illinois 60181 Chicago, Illinois 60603
E. Title of securities being registered: Units of fractional undivided
beneficial interest
F. Approximate date of proposed sale to the public:
AS SOON AS PRACTICABLE AFTER THE EFFECTIVE DATE
OF THE REGISTRATION STATEMENT
The registrant hereby amends this Registration Statement on such date or
dates as may be necessary to delay its effective date until the registrant shall
file a further amendment which specifically states that this Registration
Statement shall thereafter become effective in accordance with Section 8(a) of
the Securities Act of 1933 or until the Registration Statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a)
may determine.
INSURED MUNICIPALS INCOME TRUST,
244TH INSURED MULTI-SERIES
Cross Reference Sheet
Pursuant to Rule 404(c) of Regulation C
under the Securities Act of 1933
(Form N-8B-2 Items Required by Instruction
1 as to Prospectus on Form S-6)
FORM N-8B-2 FORM S-6
ITEM NUMBER HEADING IN PROSPECTUS
I. ORGANIZATION AND GENERAL INFORMATION
1. (a) Name of trust )
(b) Title of securities issued ) Prospectus Part I Front Cover Page
2. Name and address of Depositor ) Part II-Introduction
) Part I-Summary of Essential Financial
) Information
) Part II-Fund Administration
3. Name and address of Trustee ) Part II-Introduction
) Part I-Summary of Essential Financial
) Information
) Part II-Fund Administration
4. Name and address of principal ) Part I-Underwriting
underwriter )
5. Organization of trust ) Part II-Introduction
6. Execution and termination of ) Part II-Introduction
Trust Indenture and Agreement ) Part II-Fund Administration
7. Changes of Name ) *
8. Fiscal year ) *
9. Material Litigation ) *
II. GENERAL DESCRIPTION OF THE TRUST AND SECURITIES OF THE TRUST
10. General information regarding ) Part II-Introduction
trust's securities and rights ) Part II-Rights of Unitholders
of security holders ) Part II-Fund Administration
11. Type of securities comprising ) Part II-Introduction
units ) Part I-Cover Page
) Part I-Portfolio
12. Certain information regarding ) *
periodic payment certificates )
13. (a) Load, fees, charges and ) Part II-Introduction
expenses ) Part I-Summary of Essential Financial
) Information
) Part II-Expenses
)
)
(b) Certain information regard- ) *
ing periodic payment plan )
certificates )
(c) Certain percentages ) Part I-Summary of Essential Financial
) Information
)
(d) Certain other fees, ) Part II-Rights of Unitholders
expenses or charges ) Part II-Expenses
payable by holders )
(e) Certain profits to be ) Part II-Public Offering
received by depositor, ) Part I-Notes to Portfolios
principal underwriter, )
trustee or affiliated )
persons )
(f) Ratio of annual charges ) *
to income )
14. Issuance of trust's securities ) Part II-The Trusts
15. Receipt and handling of payments ) *
from purchasers )
16. Acquisition and disposition of ) Part II-Introduction
underlying securities ) Part II-Public Offering
) Part II-Fund Administration
17. Withdrawal or redemption ) Part II-Rights of Unitholders
) Part II-Fund Administration
18. (a) Receipt and disposition ) Part II-Introduction
of income ) Part II-Rights of Unitholders
(b) Reinvestment of distribu- ) *
tions )
(c) Reserves or special funds ) Part II-Expenses
) Part II-Fund Administration
(d) Schedule of distributions ) *
19. Records, accounts and reports ) Part II-Rights of Unitholders
) Part II-Fund Administration
20. Certain miscellaneous provisions ) Part II-Fund Administration
of Trust Agreement )
21. Loans to security holders ) *
22. Limitations on liability )
) Part II-Fund Administration
23. Bonding arrangements ) *
24. Other material provisions of ) *
trust indenture or agreement )
III. ORGANIZATION, PERSONNEL AND AFFILIATED PERSONS OF DEPOSITOR
25. Organization of Depositor ) Part II-Fund Administration
26. Fees received by Depositor ) Part II-Expenses
27. Business of Depositor ) Part II-Fund Administration
28. Certain information as to )
officials and affiliated ) *
persons of Depositor )
29. Companies owning securities of ) *
Depositor )
30. Controlling persons of Depositor ) *
31. Compensation of Directors ) *
32. Compensation of Directors ) *
33. Compensation of Employees ) *
34. Compensation to other persons ) Part II-Public Offering
IV. DISTRIBUTION AND REDEMPTION OF SECURITIES
35. Distribution of trust's ) Part I-Portfolio
securities by states )
36. Suspension of sales of trust's ) *
securities )
37. Revocation of authority to ) *
distribute )
38. (a) Method of distribution )
(b) Underwriting agreements ) Part II-Public Offering
(c) Selling agreements )
39. (a) Organization of principal )
underwriter )
) Part II-Fund Administration
(b) N.A.S.D. membership by )
principal underwriter )
40. Certain fees received by ) *
principal underwriter )
41. (a) Business of principal ) Part II-Fund Administration
underwriter )
(b) Branch offices of principal ) *
underwriter )
(c) Salesmen of principal ) *
underwriter )
42. Ownership of securities of the ) *
trust )
43. Certain brokerage commissions )
received by principal ) *
underwriter )
44. (a) Method of valuation ) Part II-Introduction
) Part I-Summary of Essential Financial
) Information
) Part II-Public Offering
)
(b) Schedule as to offering ) *
price )
(c) Variation in offering price ) Part II-Public Offering
to certain persons )
45. Suspension of redemption rights ) *
46. (a) Redemption valuation ) Part II-Rights of Unitholders
)
(b) Schedule as to redemption ) *
price )
47. Purchase and sale of interests ) Part II-The Trusts
in underlying securities ) Part II-Fund Administration
V. INFORMATION CONCERNING THE TRUSTEE OR CUSTODIAN
48. Organization and regulation of ) Part II-Fund Administration
trustee )
49. Fees and expenses of trustee ) Part I-Summary of Essential Financial
) Information
) Part II-Expenses
50. Trustee's lien ) Part II-Expenses
VI. INFORMATION CONCERNING INSURANCE OF HOLDERS OF SECURITIES
51. Insurance of holders of trust's )
securities ) *
VII. POLICY OF REGISTRANT
52. (a) Provisions of trust agree- )
ment with respect to )
replacement or elimi- ) Part II-Fund Administration
nation of portfolio )
securities )
(b) Transactions involving )
elimination of underlying ) *
securities )
(c) Policy regarding substitu- ) Part II-Fund Administration
tion or elimination of )
underlying securities )
(d) Fundamental policy not ) *
otherwise covered )
53. Tax Status of trust ) Part I-Tax Status
) Part II-Federal Tax Status
VIII. Financial and Statistical Information
54. Trust's securities during ) *
last ten years )
55. )
)
56. Certain information regarding ) *
)
57. Periodic payment certificates )
58. )
59. Financial statements (Instruc- ) Part I-Statement Condition
tions 1(c) to Form S-6) )
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* Inapplicable, omitted, answer negative or not required
Preliminary Prospectus Dated September 25, 1998
INSURED MUNICIPALS INCOME TRUST,
244TH INSURED MULTI-SERIES
(A Unit Investment Trust)
The attached final Prospectus for a prior Series of the Fund is hereby used
as a preliminary Prospectus for the above stated Series. The narrative
information and structure of the attached final Prospectus will be substantially
the same as that of the final Prospectus for this Series. Information with
respect to pricing, the number of Units, dates and summary information regarding
the characteristics of securities to be deposited in this Series is not now
available and will be different since each Series has a unique Portfolio.
Accordingly the information contained herein with regard to the previous Series
should be considered as being included for informational purposes only. Ratings
of the securities in this Series are expected to be comparable to those of the
securities deposited in the previous Series. However, the Estimated Current
Return for this Series will depend on the interest rates and offering prices of
the securities in this Series and may vary materially from that of the previous
Series.
A registration statement relating to the units of this Series will be filed
with the Securities and Exchange Commission but has not yet become effective.
Information contained herein is subject to completion or amendment. Such Units
may not be sold nor may offer to buy be accepted prior to the time the
registration statement becomes effective. This Prospectus shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of the Units in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such state.
(Incorporated herein by reference is the final prospectus from Insured
Municipals Income Trust, Insured Multi-Series 236 (Registration No. 333-60555)
as filed on September 17, 1998, which shall be used as a preliminary prospectus
for the current Series of the Fund.)
S-1
CONTENTS OF REGISTRATION STATEMENT
This Registration Statement comprises the following papers and documents:
The facing sheet
The Cross-Reference Sheet
The Prospectus
The signatures
The consents of independent public accountants, rating services and
legal counsel
The following exhibits:
1.1 Proposed form of Trust Agreement (to be supplied by amendment).
1.4 Copy of Municipal Bond Fund Portfolio Insurance Policy (to be supplied by
amendment).
1.5 Form of Agreement Among Underwriters (to be supplied by amendment).
3.1 Opinion and consent of counsel as to legality of securities being
registered (to be supplied by amendment).
3.2 Opinion and consent of counsel as to Federal income tax status of
securities being registered (to be supplied by amendment).
3.3 Opinion and consent of counsel as to New York tax status of securities
being registered (to be supplied by amendment).
4.1 Consent of Interactive Data Corporation (to be supplied by amendment).
4.2 Consent of Standard & Poor's (to be supplied by amendment).
4.3 Consent of Grant Thornton LLP (to be supplied by amendment).
4.4 Financial Data Schedule (to be supplied by amendment).
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant,
Insured Municipals Income Trust, 244th Insured Multi-Series has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized in the City of Chicago and State of Illinois on the 25th day of
September, 1998.
INSURED MUNICIPALS INCOME TRUST, 244TH INSURED MULTI-SERIES
(Registrant)
By VAN KAMPEN FUNDS INC.
(Depositor)
By GINA M. COSTELLO
Assistant Secretary
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below on September 25, 1998 by the
following persons who constitute a majority of the Board of Directors of Van
Kampen Funds Inc.
SIGNATURE TITLE
Don G. Powell Chairman and Chief Executive )
Officer )
John H. Zimmerman President and Chief )
Operating Officer )
Ronald A. Nyberg Executive Vice President )
and General Counsel )
William R. Rybak Executive Vice President and )
Chief Financial Officer )
GINA M. COSTELLO
(Attorney-in-fact*)
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* An executed copy of each of the related powers of attorney was filed with the
Securities and Exchange Commission in connection with the Registration Statement
on Form S-6 of Van Kampen American Capital Equity Opportunity Trust, Series 64
(file No. 33-33087) and Van Kampen American Capital Equity Opportunity Trust,
Series 87 (file No. 333-44581) and are incorporated herein by reference.
