Chapman and Cutler
111 West Monroe Street
Chicago, Illinois 60603
August 2, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Attn: Filing Desk, Stop 1-4
Re: Insured Municipals Income Trust and
Investors' Quality Tax-Exempt Trust
Multi-Series 256 File No. 33-60761
Ladies/Gentlemen:
Pursuant to the requirements of Rule 497(d) of the General Rules and
Regulations of the Securities Act of 1933, we are submitting one revised
copy of the prospectus being used with respect to the above-mentioned
series.
Very truly yours,
Chapman and Cutler
Attachment
Insured Municipals Income Trust and
Investors' Quality Tax-Exempt Trust, Multi-Series 256
Arizona IM-IT 14
Supplement to the Prospectus Dated July 27,1995
In accordance with "Unitholders Explanations - Replacement Bonds" the
following bond has failed to be delivered and will be replaced:
$300,000 Creighton Elementary School District No. 14 of Maricopa County,
Arizona, School Improvement Bonds (Unlimited Tax-General
Obligation) Project of 1995, Series A (FGIC Insured)
5.50% Due 7/1/14 AAA/Aaa Redeemable 7/1/03 @ 100
The Sponsor as authorized under the Trust Agreement has acquired a
replacement bond to make up the original corpus of the fund. The
following bond has been purchased as a replacement:
$330,000 City of Phoenix, Civic Improvement Corporation (Arizona)
Wastewater System Lease Revenue Refunding Bonds, Series
1993 (MBIA Insured)
5.00% Due 7/1/18 AAA/Aaa Redeemable 7/1/04 @ 102
7/1/06 @ 100
7/1/14 @ 100 S.F.
This replacement bond maintains or improves the current return and
estimated long-term return as of the original date of deposit as
follows:
Distribution Cycle: Monthly Semi-Annual
Original Current Return 5.26 % 5.31 %
New Current Return 5.26 % 5.31 %
Original Estimated Long-Term Return 5.32 % 5.37 %
New Estimated Long-Term Return 5.33 % 5.38 %
August 2, 1995
