VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST SER 30
485BPOS, 1996-05-08
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                   Securities and Exchange Commission
                      Washington, D. C. 20549-1004
                                    
                                    
                             Post-Effective
                             Amendment No. 1
                                    
                                    
                                   to
                                Form S-6
                                    
                                    
                                    
          For Registration under the Securities Act of 1933 of
           Securities of Unit Investment Trusts Registered on
                               Form N-8B-2

                                    
                                    
                   Van Kampen American Capital Equity
                      Opportunity Trust, Series 30
                          (Exact Name of Trust)
                                    
                                    
             Van Kampen American Capital Distributors, Inc.
                        (Exact Name of Depositor)
                                    
                           One Parkview Plaza
                    Oakbrook Terrace, Illinois 60181
      (Complete address of Depositor's principal executive offices)


     Van Kampen American Capital 
       Distributors, Inc.                   Chapman and Cutler
     Attention:  Don G. Powell              Attention: Mark J. Kneedy
     One Parkview Plaza                     111 West Monroe Street
     Oakbrook Terrace, Illinois 60181       Chicago, Illinois 60603
            (Name and complete address of agents for service)


    ( X ) Check  if it is proposed that this filing will become effective
          on May 8, 1996 pursuant to paragraph (b) of Rule 485.

   
May 7, 1996
   

VAN KAMPEN AMERICAN CAPITAL

Van Kampen American Capital Equity Opportunity Trust, Series 30

Strategic Ten Trust
  United States Portfolio, 
     Series 8

  United Kingdom Portfolio, 
     Series 8

  Hong Kong Portfolio, 
      Series 8

Strategic Five Trust
  United States Portfolio,
      Series 2

The Fund. Van Kampen American Capital Equity Opportunity Trust, Series 30 (the
"Fund" ) is comprised of four underlying separate unit investment
trusts designated as Strategic Ten Trust United States Portfolio, Series 8
(the "Strategic Ten United States Trust" ), Strategic Ten Trust United
Kingdom Portfolio, Series 8 (the "Strategic Ten United Kingdom Trust" 
), Strategic Ten Trust Hong Kong Portfolio, Series 8 (the "Strategic Ten
Hong Kong Trust" ) and Strategic Five Trust United States Portfolio, Series
2 (the "Strategic Five United States Trust" ). The various trusts are
collectively referred to herein as the "Trusts" and are individually
referred to herein as a "Trust" . The Strategic Ten United States
Trust, Strategic Ten United Kingdom Trust and Strategic Ten Hong Kong Trust
are collectively referred herein to as the "Strategic Ten Trusts" ,
while the Strategic Five United States Trust is referred to herein as the "
Strategic Five Trust" . The Strategic Ten United States Trust and the
Strategic Five United States Trust are referred to herein as the "United
States Trusts." The United Kingdom and Hong Kong Trusts are sometimes
collectively referred to herein as the "Foreign Trusts" . The Trusts
offer investors the opportunity to purchase Units representing proportionate
interests in a fixed, diversified portfolio of actively traded equity
securities, including common stocks of foreign issuers. The Strategic Ten
United States Trust consists of common stocks of the ten companies in the Dow
Jones Industrial Average* having the highest dividend yield as of the close of
business three business days prior to the Initial Date of Deposit. The
Strategic Ten United Kingdom Trust consists of common stocks of the ten
companies in the Financial Times Industrial Ordinary Share Index* (the "FT
Index" ) having the highest dividend yield as of the close of business
three business days prior to the Initial Date of Deposit. The Strategic Ten
Hong Kong Trust consists of common stocks of the ten companies in the Hang
Seng Index* having the highest dividend yield as of the close of business
three business days prior to the Initial Date of Deposit. The Strategic Five
United States Trust consists of common stocks of the five companies with the
2nd through 6th lowest per share stock price of the ten companies in the Dow
Jones Industrial Average* having the highest dividend yield as of the close of
business three business days prior to the Initial Date of Deposit. The
publishers of these indexes have not participated in any way in the creation
of the Trusts or in the selection of stocks included in the Trusts and have
not approved any information herein relating thereto. Unless terminated
earlier, the Trusts will terminate on June 19, 1997 and any securities then
held will, within a reasonable time thereafter, be liquidated or distributed
by the Trustee. Any Securities liquidated at termination will be sold at the
then current market value for such Securities; therefore, the amount
distributable in cash to a Unitholder upon termination may be more or less
than the amount such Unitholder paid for his Units. Upon liquidation,
Unitholders may choose to reinvest their proceeds into the next Strategic Ten
Series or the next Strategic Five Series, if available, at a reduced sales
charge, to receive a cash distribution, or, in the case of a United States
Trust, to receive a pro rata distribution of the securities then included in
such a Trust (if they own the requisite number of Units).

Unless otherwise indicated, all amounts herein are stated in U.S. dollars. In
the case of the United Kingdom and Hong Kong Trusts, these amounts are
computed on the basis of the exchange rate for British pounds sterling or Hong
Kong dollars, as applicable, on the Initial Date of Deposit.

* The publishers of these indexes have not granted to the Fund or the Sponsor
a license to use these indexes and are not affiliated with the Sponsor. 

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.

   
Attention Foreign Investors. If you are not a United States citizen or
resident, distributions from the United States Trusts will generally be
subject to U.S. federal withholding taxes; however, under certain
circumstances treaties between the United States and other countries may
reduce or eliminate such withholding tax. However, distributions from the
Foreign Trusts will generally not be subject to U.S. federal withholding tax.
See "Taxation." Such investors should consult their tax advisers
regarding the imposition of U.S. withholding on distributions. 
   

Objective of the Fund. The objective of each Strategic Ten Trust is to provide
an above average total return through a combination of potential capital
appreciation and dividend income, consistent with the preservation of invested
capital, by investing in a portfolio of actively traded equity securities
having the highest dividend yield in their respective stock exchange index as
of the close of business three business days prior to the Initial Date of
Deposit. The objective of the Strategic Five Trust is to provide an above
average total return through a combination of potential capital appreciation
and dividend income, consistent with the preservation of invested capital, by
investing in a portfolio of five actively traded equity securities having the
2nd through 6th lowest per share price of the ten companies in the Dow Jones
Industrial Average having the highest dividend yield as of the close of
business three business days prior to the Initial Date of Deposit. See "
Portfolios" . Each Trust seeks to achieve better performance than the
relevant index for such Trust. There is, of course, no guarantee that the
objective of the Fund will be achieved.

Public Offering Price.The Public Offering Price of the Units of a Trust during
the initial offering period and for secondary market transactions after the
initial offering period includes the aggregate underlying value of the
Securities in such Trust's portfolio, the initial sales charge described
below, and cash, if any, in the Income and Capital Accounts held or owned by
such Trust. The initial sales charge is equal to the difference between the
maximum total sales charge (2.9% and 2.7% of the Public Offering Price of the
Strategic Ten and Strategic Five Trusts, respectively) and the maximum
deferred sales charge ($0.19 per Unit). The monthly deferred sales charge
($0.019 per Unit) will begin accruing on a daily basis on July 7, 1996 and
will continue to accrue through May 6, 1997. The monthly deferred sales charge
will be charged to each Trust, in arrears, commencing August 7, 1996 and will
be charged on the 7th day of each month thereafter through May 7, 1997.
Unitholders will be assessed that portion of the deferred sales charge accrued
from the time they became Unitholders of record. Units purchased subsequent to
the initial deferred sales charge payment will be subject only to that portion
of the deferred sales charge payments not yet collected. This deferred sales
charge will be paid from funds in the Capital Account, if sufficient, or from
the periodic sale of Securities. The total maximum sales charge assessed to
Unitholders on a per Unit basis will be subject to reduction as set forth in
"Public Offering--General" . In the case of the Foreign Trusts, the
Public Offering Price per Unit is based on the aggregate value of the
Securities computed on the basis of the offering side value of the relevant
currency exchange rate expressed in U.S. dollars during the initial offering
period and on the bid side value for secondary market transactions and
includes the commissions and stamp taxes associated with acquiring the
Securities during the initial offering period and the liquidation costs
associated with selling Securities to meet redemptions or upon Trust
termination. During the initial offering period, the sales charge is reduced
on a graduated scale for sales involving at least 2,500 Units of a Trust. If
Units were available for purchase at the opening of business on the Initial
Date of Deposit (except for the United Kingdom Trust as of 11:30 a.m. New York
time on the Initial Date of Deposit), the Public Offering Price per Unit for
each Trust would have been that amount set forth under "Summary of
Essential Financial Information" . Except as provided in "Public
Offering--Unit Distribution" , the minimum purchase is 100 Units. See 
"Public Offering" .

Additional Deposits. The Sponsor may, from time to time for approximately two
months after the Initial Date of Deposit, deposit additional Securities in the
Trusts as provided under "The Fund" .

   
Dividend and Capital Gains Distributions. Distributions of dividends and
realized capital gains, if any, received by a Trust will be paid in cash on
the applicable Distribution Date to Unitholders of record of such Trust on the
record date as set forth in the "Summary of Essential Financial
Information" . The estimated distribution for each Trust will be $.14,
$.18, $.13 and $.13 per Unit for the Strategic Ten United States Trust,
Strategic Ten United Kingdom Trust, Strategic Ten Hong Kong Trust and
Strategic Five United States Trust, respectively, and will be made on November
25, 1996 to Unitholders of record on November 10, 1996. Gross dividends
received by a Trust will be distributed to Unitholders. Expenses of a Trust
will be paid with proceeds from the sale of Securities. For the consequences
of such sales, see "Taxation" and "Risk Factors." 
Additionally, upon surrender of Units for redemption or termination of a
Trust, the Trustee will distribute to each Unitholder his pro rata share of
such Trust's assets, less expenses, in the manner set forth under "Rights
of Unitholders--Distributions of Income and Capital" .
   

Secondary Market For Units. Although not obligated to do so, the Sponsor
currently intends to maintain a market for Units of the Trusts through
November 6, 1996 and offer to repurchase such Units at prices which are based
on the aggregate underlying value of Equity Securities in the applicable Trust
(generally determined by the closing sale prices of the Securities) plus or
minus cash, if any, in the Capital and Income Accounts of such Trust. If a
secondary market is not maintained, a Unitholder may redeem Units at prices
based upon the aggregate underlying value of the Equity Securities in the
applicable Trust plus or minus a pro rata share of cash, if any, in the
Capital and Income Accounts of such Trust. See "Rights of
Unitholders--Redemption of Units" . Units sold or tendered for redemption
prior to such time as the entire deferred sales charge on such Units has been
collected will be assessed the amount of the remaining deferred sales charge
at the time of sale or redemption.

A Unitholder in a United States Trust tendering 1,000 or more Units for
redemption may request a distribution of shares of Securities (reduced by
customary transfer and registration charges) in lieu of payment in cash. See
"Rights of Unitholders--Redemption of Units" .

Termination. The Fund will terminate approximately thirteen months after the
Initial Date of Deposit regardless of market conditions at that time.
Commencing on the Mandatory Termination Date, Securities will begin to be sold
in connection with the termination of the Trusts. The Sponsor will determine
the manner, timing and execution of the sale of the Securities. Written notice
of any termination of the Trusts shall be given by the Trustee to each
Unitholder at his address appearing on the registration books of the Trusts
maintained by the Trustee. At least 30 days prior to the Mandatory Termination
Date the Trustee will provide written notice thereof to all Unitholders and in
the case of a United States Trust will include with such notice a form to
enable Unitholders of such Trust to elect a distribution of shares of the
Securities (reduced by customary transfer and registration charges) if such
Unitholder owns at least 1,000 Units of a United States Trust, rather than to
receive payment in cash for such Unitholder's pro rata share of the amounts
realized upon the disposition of such Securities. Unitholders will receive
cash in lieu of any fractional shares. To be effective, the election form, and
any other documentation required by the Trustee, must be returned to the
Trustee at least five business days prior to the Mandatory Termination Date.
Unitholders of each of the Trusts may elect to become Rollover Unitholders as
described in "Special Redemption and Rollover in New Fund" below.
Rollover Unitholders will not receive the final liquidation distribution but
will receive units of a new Series of the Strategic Ten Trust or Strategic
Five Trust, if one is being offered. Unitholders not electing the Rollover
Option or a distribution of shares of Securities (in the case of a United
States Trust) will receive a cash distribution from the sale of the remaining
Securities within a reasonable time after the Trusts are terminated. See "
Fund Administration--Amendment or Termination" . 

Reinvestment Option. Unitholders of any Van Kampen American Capital-sponsored
unit investment trust may utilize their redemption or termination proceeds to
purchase units of any other Van Kampen American Capital trust in the initial
offering period accepting rollover investments subject to a reduced sales
charge to the extent stated in the related prospectus (which may be deferred
in certain cases).

Unitholders will initially have their distributions reinvested into additional
Units of the applicable Trust subject only to the remaining deferred sales
charge payments as set forth below, if Units are available at the time of
reinvestment, or, upon request, either reinvested into an open-end management
investment company as described herein or distributed in cash. See "Rights
of Unitholders--Reinvestment Option" . 

Special Redemption and Rollover in New Fund. Unitholders will have the option
of specifying by the Rollover Notification Date stated in "Summary of
Essential Financial Information" to have all of their Units redeemed and
the distributed Securities sold by the Trustee, in its capacity as
Distribution Agent, on the Special Redemption Date. (Unitholders so electing
are referred to herein as "Rollover Unitholders" .) The Distribution
Agent will appoint the Sponsor as its agent to determine the manner, timing
and execution of sales of underlying Securities. The proceeds of the
redemption will then be invested in Units of a new Series of the Strategic Ten
Trust or Strategic Five Trust (the "1997 Fund" ), if one is offered, at
a reduced sales charge (anticipated to be 1.9% of the Public Offering Price of
the 1997 Fund). The Sponsor may, however, stop offering units of the 1997 Fund
at any time in its sole discretion without regard to whether all the proceeds
to be invested have been invested. Cash which has not been invested on behalf
of the Rollover Unitholders in the 1997 Fund will be distributed shortly after
the Special Redemption Date. However, the Sponsor anticipates that sufficient
Units will be available, although moneys in this Fund may not be fully
invested on the next business day. The portfolios of the 1997 Fund are
expected to contain the ten common stocks in each of the Dow Jones Industrial
Average, FT Index, and Hang Seng Index having the highest dividend yield as of
the close of business three business days prior to the initial date of deposit
of the 1997 Fund, and the five companies with the 2nd through 6th lowest per
share stock price of the ten companies in the Dow Jones Industrial Average
having the highest dividend yield as of the close of business three business
days prior to the initial date of deposit of the 1997 Fund. Rollover
Unitholders will receive the amount of dividends in the applicable Income
Account of each Trust which will be included in the reinvestment in units of
the 1997 Fund.

Risk Factors. An investment in the Fund should be made with an understanding
of the risks associated therewith, including the possible deterioration of
either the financial condition of the issuers or the general condition of the
stock market and currency fluctuations, the lack of adequate financial
information concerning an issuer and exchange control restrictions impacting
foreign issuers. An investment in the Strategic Five Trust may subject a
Unitholder to additional risk due to the relative lack of diversity in its
portfolio because the portfolio contains only five stocks. Accordingly, Units
of the Strategic Five Trust may be subject to greater market risk than other
trusts which contain a more diversified portfolio of securities. For certain
risk considerations related to the Trusts, see "Risk Factors" . Units
of the Fund are not deposits or obligations of, and are not guaranteed or
endorsed by, any bank and are not federally insured or otherwise protected by
the Federal Deposit Insurance Corporation, the Federal Reserve Board or any
other agency and involve investment risk, including the possible loss of
principal.   


   
<TABLE>
VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST, SERIES 30
           Summary of Essential Financial Information
     At the close of the relevant stock market on May 6, 1996
(for the United States Trusts) or May 7, 1996 (for the Foreign Trusts)
       Sponsor: Van Kampen American Capital Distributors, Inc.
    Supervisor: Van Kampen American Capital Investment Advisory Corp.
                         (An affiliate of the Sponsor)
     Evaluator: American Portfolio Evaluation Services
                  (A division of an affiliate of the Sponsor)
       Trustee: The Bank of New York

<CAPTION>
                                                                           Strategic    Strategic    Strategic    Strategic   
                                                                           Ten          Ten          Ten          Five        
                                                                           United       United       Hong         United      
                                                                           States       Kingdom      Kong         States      
GENERAL INFORMATION                                                        Trust        Trust        Trust        Trust       
<S>                                                                        <C>          <C>          <C>          <C>         
Number of Units <F1>......................................................       15,000       15,000       25,000       15,000
Fractional Undivided Interest in the Trust per Unit <F1>..................     1/15,000     1/15,000     1/25,000     1/15,000
Public Offering Price: ...................................................                                                    
 Aggregate Value of Securities in Portfolio <F2>.......................... $    148,167 $    150,031 $    246,755 $    148,544
 Aggregate Value of Securities per Unit................................... $       9.88 $      10.00 $       9.87 $       9.90
 Maximum Sales Charge <F3>................................................ $        .29 $        .29 $        .29 $        .27
Less Deferred Sales Charge per Unit....................................... $        .19 $        .19 $        .19 $        .19
 Public Offering Price per Unit <F3><F4>.................................. $       9.98 $      10.10 $       9.97 $       9.98
Maximum Redemption Price per Unit <F5>.................................... $       9.69 $       9.80 $       9.63 $       9.71
Initial Secondary Market Repurchase Price per Unit <F5>................... $       9.69 $       9.81 $       9.68 $       9.71
Excess of Public Offering Price per Unit over Redemption Price per Unit... $        .29 $        .30 $        .34 $        .27
Estimated Annual Dividends per Unit <F6>.................................. $     .33067 $     .51298 $     .46594 $     .29110
Estimated Annual Organizational Expenses per Unit <F7>.................... $     .00873 $     .03823 $     .02240 $     .02164
Supervisor's Annual Supervisory Fee ......................................                          Maximum of $.0025 per Unit
Evaluator's Annual Evaluation Fee.........................................                          Maximum of $.0025 per Unit
Rollover Notification Date ...............................................                                        May 19, 1997
Special Redemption Date...................................................                                       June 19, 1997
Mandatory Termination Date ...............................................                                       June 19, 1997
                                                                                 Each Trust may be terminated if the net asset
                                                                              value of such Trust is less than $500,000 unless
                                                                              the net asset value of such Trust's deposits has
                                                                                exceeded $15,000,000, then the Trust Agreement
                                                                               may be terminated if the net asset value of the
Minimum Termination Value.................................................                      Trust is less than $3,000,000.
</TABLE>


<TABLE>
<CAPTION>
<S>                                             <C>                                        
Trustee's Annual Fee <F8>.......................$.008 per Unit                         
Income and Capital Account Record                                                          
 Dates .........................................November 10, 1996 and June 19, 1997        
Income and Capital Account Distribution Dates...November 25, 1996 and June 29, 1997        
                                                Close of the relevant stock market         
                                                (generally 4:00 P.M. New York time for a   
                                                United States Trust, 11:30 A.M. New York   
                                                time for the United Kingdom Trust and 3:30 
Evaluation Time.................................A.M. New York time for the Hong Kong Trust)
   

<FN>
   
<F1>As of the close of business on May 8, 1996 (May 9, 1996 for the Strategic
Ten Hong Kong Trust), the number of Units of each Trust may be adjusted so 
that the Public Offering Price per Unit will equal approximately $10. 
Therefore, to the extent of any such adjustment the fractional undivided 
interest per Unit will increase or decrease accordingly from the amounts 
indicated above.
   

<F2>Each Equity Security is valued at the closing sale price. The aggregate value
of Securities in each of the Foreign Trusts represents the U.S. dollar value
based on the offering side value of the currency exchange rates for the
related currency, at the relevant Evaluation Time on the date of this "
Summary of Essential Financial Information" and includes the commissions
and stamp taxes associated with acquiring such Securities. 

   
<F3>The Maximum Sales Charge consists of an initial sales charge and a deferred
sales charge. The initial sales charge is applicable to all Units and
represents an amount equal to the difference between the Maximum Sales Charge
for a Trust (2.9% and 2.7% of the Public Offering Price for the Strategic Ten
and Strategic Five Trusts, respectively) and the amount of the maximum
deferred sales charge ($0.19 per Unit). Subsequent to the Initial Date of
Deposit, the amount of the initial sales charge will vary with changes in the
aggregate value of the Securities in the Trust. Units purchased subsequent to
the initial deferred sales charge payment will be subject only to that portion
of the deferred sales charge payments not yet collected. These deferred sales
charge payments will be paid from funds in the Capital Account, if sufficient,
or from the periodic sale of Securities. The total maximum sales charge will
be 2.9% and 2.7% of the Public Offering Price (2.987% and 2.775% of the
aggregate value of the Securities less the deferred sales charge for the
Strategic Ten and Strategic Five Trusts, respectively). See the "Fee
Table" below and "Public Offering Price--Offering Price" . 
   

<F4>On the Initial Date of Deposit there will be no cash in the Income or Capital
Accounts. Anyone ordering Units after such date will have included in the
Public Offering Price a pro rata share of any cash in such Accounts. In the
case of the Foreign Trusts, the Public Offering Price per Unit is based on the
aggregate value of the Securities computed on the basis of the offering side
value of the relevant currency exchange rate expressed in U.S. dollars and
includes the commissions and stamp taxes associated with acquiring such
Securities. 

<F5>The Maximum Redemption Price per Unit and the Initial Secondary Market
Repurchase Price per Unit are reduced by the unpaid portion of the deferred
sales charge. In the case of the Foreign Trusts, the Redemption Price per Unit
is based on the aggregate value of the Securities computed on the basis of the
bid side value of the relevant currency exchange rate expressed in U.S.
dollars and includes each Trust's estimated costs of liquidating Securities to
meet redemptions (approximately $0.01 and $0.046 per Unit for the United
Kingdom Trust and Hong Kong Trust, respectively). 

<F6>Estimated annual dividends are based on the most recently declared dividends
or, in the case of the Foreign Trusts, on the most recent interim and final
dividends declared. Estimated Annual Dividends per Unit are based on the
number of Units, the fractional undivided interest in the Securities per Unit
and the aggregate value of the Securities per Unit as of the Initial Date of
Deposit. Investors should note that the actual annual dividends received per
Unit will vary from the estimated amount due to changes in the factors
described in the preceding sentence and actual dividends declared and paid by
the issuers of the Securities.

   
<F7>Each Trust (and therefore Unitholders of the respective Trust) will bear all
or a portion of its organizational costs (including costs of preparing the
registration statement, the trust indenture and other closing documents,
registering Units with the Securities and Exchange Commission and states, the
initial audit of the Trust portfolio and the initial fees and expenses of the
Trustee but not including the expenses incurred in the preparation and
printing of brochures and other advertising materials and any other selling
expenses) as is common for mutual funds. Total organizational expenses will be
amortized over the life of the Trusts. See "Fund Operating Expenses" 
and "Statements of Condition" . Historically, the sponsors of unit
investment trusts have paid all of the costs of establishing such trusts.
Estimated Annual Organizational Expenses per Unit have been estimated based on
a projected trust size of $70,000,000, $8,000,000,              $11,000,000
and $13,000,000 for the Strategic Ten United States, Strategic Ten United
Kingdom, Strategic Ten Hong Kong and Strategic Five United States Trusts. To
the extent a Trust is larger or smaller, the actual organizational expenses
paid by such Trust (and therefore by its Unitholders) will vary from the
estimated amount set forth above.
   

<F8>In connection with the Foreign Trusts the Trustee will receive additional
annual compensation, payable at the end of the initial offering and in monthly
installments thereafter, of $.30 per $1,000 and $1.10 per $1,000 of market
value of Equity Securities held in a sub-custodian account at month end, for
the Strategic Ten United Kingdom Trust and Strategic Ten Hong Kong Trust,
respectively.
</TABLE>

FEE TABLE    

This Fee Table is intended to assist investors in understanding the 
costs and expenses that an investor in a Trust will bear       
directly or  indirectly. See "Public Offering Price--Offering Price" 
and "Fund Operating Expenses" . Although each Trust has a term of 
approximately thirteen  months, and is a unit investment trust rather 
than a mutual fund, this information is presented to permit a 
comparison of fees. The examples  below assume that the principal 
amount of and distributions on an investment are rolled over each 
year into a new Series subject only to the  anticipated reduced 
sales charge applicable to Rollover Unitholders. See "Right of 
Unitholders--Special Redemption and Rollover in New  Fund." 
Investors should note that while these examples are based on the
public offering price and the estimated fees for the current Trust
series, the actual public offering price and fees for any new Series 
created in the future periods indicated could vary from those of 
the current Trust series.


   
<TABLE>
                              Strategic Ten United States Trust

<CAPTION>
Unitholder Transaction Expenses (as of the Initial Date of Deposit)                           Amount Per    
         (as a percentage of offering price)                                                  100 Units     
<S>                                                                             <C>          <C>            
 Initial Sales Charge Imposed on Purchase                                       1.00%<F1>    $         10.00
 Deferred Sales Charge                                                          1.90%<F2>              19.00
                                                                                2.90%        $         29.00
 Maximum Sales Charge Imposed on Reinvested Dividends                           1.90%<F3>    $         19.00
Estimated Annual Fund Operating Expenses (as of the Initial Date of Deposit)                                
(as a percentage of net assets)                                                                             
 Trustee's Fee                                                                  0.081%       $          0.80
 Portfolio Supervision and Evaluation Fees                                      0.051%                  0.50
 Organizational Costs                                                           0.088%                  0.87
 Other Operating Expenses                                                       0.035%                  0.35
Total                                                                           0.255%       $          2.52
</TABLE>



<TABLE>
                                           Example 

<CAPTION>
                                                                                         Cumulative Expenses Paid for Period of:   
<S>                                                                                     <C>         <C>         <C>       <C>   
                                                                                                                            10     
                                                                                         1 Year      3 Years     5 Years    Years  
An investor would pay the following expenses on a $1,000 investment, assuming a 5%                                                 
annual return and redemption at the end of each time period                             $    32      $  77         N/A     N/A
</TABLE>




<TABLE>
                                  Strategic Ten United Kingdom Trust 

<CAPTION>
Unitholder Transaction Expenses (as of the Initial Date of Deposit)                                 Amount Per    
(as a percentage of offering price)                                                                 100 Units     
<S>                                                                             <C>                <C>            
 Initial Sales Charge Imposed on Purchase                                       1.02%<F1>          $         10.00
 Deferred Sales Charge                                                          1.88%<F2>                    19.00
                                                                                2.90%              $         29.00
 Maximum Sales Charge Imposed on Reinvested Dividends                           1.88%<F3>          $         19.00
Estimated Annual Fund Operating Expenses (as of the Initial Date of Deposit)                                      
(as a percentage of net assets)                                                                                   
 Trustee's Fee                                                                  0.080%             $          0.80
 Portfolio Supervision and Evaluation Fees                                      0.050%                        0.50
 Organizational Costs                                                           0.382%                        3.82
 Other Operating Expenses                                                       0.065%                        0.65
Total                                                                           0.577%             $          5.77
</TABLE>


<TABLE>
                                            Example 
<CAPTION>
                                                                                         Cumulative Expenses Paid for Period of:   
<S>                                                                                     <C>         <C>         <C>       <C>   
                                                                                                                            10     
                                                                                         1 Year      3 Years     5 Years    Years  
An investor would pay the following expenses on a $1,000 investment, assuming a 5%                                                 
annual return and redemption at the end of each time period                             $    35      $  86         N/A     N/A
</TABLE>


<TABLE>
                               Strategic Ten Hong Kong Trust 
<CAPTION>
Unitholder Transaction Expenses (as of the Initial Date of Deposit)                           Amount Per    
(as a percentage of offering price)                                                           100 Units     
<S>                                                                             <C>          <C>            
 Initial Sales Charge Imposed on Purchase                                       1.00%<F1>    $         10.00
 Deferred Sales Charge                                                          1.90%<F2>              19.00
                                                                                2.90%        $         29.00
 Maximum Sales Charge Imposed on Reinvested Dividends                           1.90%<F3>    $         19.00
Estimated Annual Fund Operating Expenses (as of the Initial Date of Deposit)                                
(as a percentage of net assets)                                                                             
 Trustee's Fee                                                                  0.081%       $          0.80
 Portfolio Supervision and Evaluation Fees                                      0.051%                  0.50
 Organizational Costs                                                           0.227%                  2.24
 Other Operating Expenses                                                       0.145%                  1.43
Total                                                                           0.504%       $          4.97
</TABLE>


<TABLE>
                                               Example 
<CAPTION>
                                                                                         Cumulative Expenses Paid for Period of:   
<S>                                                                                     <C>         <C>         <C>        <C>   
                                                                                                                            10     
                                                                                         1 Year      3 Years     5 Years    Years  
An investor would pay the following expenses on a $1,000 investment, assuming a 5%                                                 
annual return and redemption at the end of each time period                             $    34      $   83         N/A     N/A
</TABLE>


<TABLE>
                                    Strategic Five United States Trust
<CAPTION>
Unitholder Transaction Expenses (as of the Initial Date of Deposit)                           Amount Per    
(as a percentage of offering price)                                                           100 Units     
<S>                                                                             <C>          <C>            
 Initial Sales Charge Imposed on Purchase                                       0.80%<F1>    $          8.00
 Deferred Sales Charge                                                          1.90%<F2>              19.00
                                                                                2.70%        $         27.00
 Maximum Sales Charge Imposed on Reinvested Dividends                           1.90%<F3>    $         19.00
Estimated Annual Fund Operating Expenses (as of the Initial Date of Deposit)                                
(as a percentage of net assets)                                                                             
 Trustee's Fee                                                                  0.081%       $          0.80
 Portfolio Supervision and Evaluation Fees                                      0.051%                  0.50
 Organizational Costs                                                           0.218%                  2.16
 Other Operating Expenses                                                       0.035%                  0.35
Total                                                                           0.385%       $          3.81
</TABLE>

<TABLE>
                                      Example 
<CAPTION>
                                                                                         Cumulative Expenses Paid for Period of:   
<S>                                                                                     <C>         <C>        <C>         <C>   
                                                                                                                            10     
                                                                                         1 Year      3 Years     5 Years    Years  
An investor would pay the following expenses on a $1,000 investment, assuming a 5%                                                 
annual return and redemption at the end of each time period                             $   33       $  80         N/A        N/A
</TABLE>
   


The examples assume reinvestment of all dividends and distributions and
utilize a 5% annual rate of return as mandated by Securities and Exchange
Commission regulations applicable to mutual funds. For purposes of the
examples, the deferred sales charge imposed on reinvestment of dividends is
not reflected until the year following payment of the dividend; the cumulative
expenses would be higher if sales charges on reinvested dividends were
reflected in the year of reinvestment. The examples should not be considered
representations of past or future expenses or annual rate of return; the
actual expenses and annual rate of return may be more or less than those
assumed for purposes of the examples. 

The Initial Sales Charge is actually the difference between 2.9% and 2.7% for
the Strategic Ten and Strategic Five Trusts, respectively, and the maximum
deferred sales charge ($19.00 per 100 Units) and would exceed 1.00% or 0.80%,
as applicable, if the Public Offering Price exceeds $1,000 per 100 Units.

The actual fee is $1.90 per month per 100 Units, irrespective of purchase or
redemption price, deducted over the 10 months commencing August 7, 1996. If a
holder sells or redeems Units before all of these deductions have been made,
the balance of the deferred sales charge payments remaining will be deducted
from the sales or redemption proceeds. If Unit price exceeds $10 per Unit, the
deferred portion of the sales charge will be less than 1.90%; if Unit price is
less than $10 per Unit, the deferred portion of the sales charge will exceed
1.90%. Units purchased subsequent to the initial deferred sales charge payment
will be subject to only that portion of the deferred sales charge payments not
yet collected.

Reinvested dividends will be subject only to the deferred sales charge
remaining at the time of reinvestment. See "Rights of
Unitholders--Reinvestment Option" .

THE FUND

Van Kampen American Capital Equity Opportunity Trust, Series 30 is comprised
of the following separate underlying unit investment trusts: Strategic Ten
Trust United States Portfolio, Series 8, Strategic Ten Trust United Kingdom
Portfolio, Series 8, Strategic Ten Trust Hong Kong Portfolio, Series 8 and
Strategic Five Trust United States Portfolio, Series 2. The Fund was created
under the laws of the State of New York pursuant to a Trust Indenture and
Trust Agreement (the "Trust Agreement" ), dated the date of this
Prospectus (the "Initial Date of Deposit" ), among Van Kampen American
Capital Distributors, Inc., as Sponsor, Van Kampen American Capital Investment
Advisory Corp., as Supervisor, The Bank of New York, as Trustee, and American
Portfolio Evaluation Services, a division of Van Kampen American Capital
Investment Advisory Corp., as Evaluator. 

The Fund offers investors the opportunity to purchase Units representing
proportionate interests in portfolios of actively traded equity securities
which are components of the Dow Jones Industrial Average, the FT Index, or the
Hang Seng Index. The Strategic Ten Trusts consist of common stocks of the ten
companies in these indexes having the highest dividend yield as of the close
of business three business days prior to the Initial Date of Deposit. The
Strategic Five Trust consists of common stocks of the five companies having
the 2nd through 6th lowest per share price of the ten companies in the Dow
Jones Industrial Average having the highest dividend yield as of the close of
business three business days prior to the Initial Date of Deposit. These
yields are historical and there is no assurance that any dividends will be
declared or paid in the future on the Securities in the Trusts. See "Risk
Factors" . As used herein the terms "Equity Securities" and "
Securities" mean the securities (including contracts to purchase such
securities) listed in "Portfolio" for each Trust and any additional
securities deposited into each Trust as provided herein. The publishers of the
Dow Jones Industrial Average, FT Index, and Hang Seng Index have not
participated in any way in the creation of the Fund or in selection of the
stocks included in the Trusts and have not approved any information herein
relating thereto. The Fund may be an appropriate medium for investors who
desire to participate in portfolios of common stocks with greater
diversification than they might be able to acquire individually and who are
seeking to achieve a better performance than the related indexes through an
investment in the highest dividend yielding stocks of these indexes. An
investment in approximately equal values of such stocks each year has in most
instances provided a higher total return than investments in all of the stocks
which are components of the respective indexes. See "Trust Portfolios" 
 . Unless terminated earlier, the Trusts will terminate on the Mandatory
Termination Date set forth under "Summary of Essential Financial
Information" and any securities then held will, within a reasonable time
thereafter, be liquidated or distributed by the Trustee. Any Securities
liquidated at termination will be sold at the then current market value for
such Securities; therefore, the amount distributable in cash to a Unitholder
upon termination may be more or less than the amount such Unitholder paid for
his Units. Upon liquidation, Unitholders may choose either to reinvest their
proceeds into a subsequent Series of Strategic Ten Trust or Strategic Five
Trust, if available, at a reduced sales charge, to receive, in the case of a
United States Trust, a pro rata distribution of the Securities then included
in such Trust (if they own the requisite minimum number of Units) or to
receive a cash distribution. 

On the Initial Date of Deposit, the Sponsor deposited with the Trustee the
Securities indicated under "Portfolios" herein, including delivery
statements relating to contracts for the purchase of certain such Securities
and an irrevocable letter of credit issued by a financial institution in the
amount required for such purchases. Thereafter, the Trustee, in exchange for
such Securities (and contracts) so deposited, delivered to the Sponsor
documentation evidencing the ownership of that number of Units of the Trusts
indicated in "Summary of Essential Financial Information" . Unless
otherwise terminated as provided in the Trust Agreement, the Trusts will
terminate on the Mandatory Termination Date, and Securities then held will
within a reasonable time thereafter be liquidated or distributed by the
Trustee.

Additional Units of a Trust may be issued at any time by depositing in such
Trust additional Securities or contracts to purchase securities together with
irrevocable letters of credit or cash. As additional Units are issued by a
Trust as a result of the deposit of additional Securities by the Sponsor, the
aggregate value of the Securities in such Trust will be increased and the
fractional undivided interest in such Trust represented by each Unit will be
decreased. The Sponsor may continue to make additional deposits of Securities
into a Trust following the Initial Date of Deposit, provided that such
additional deposits will be in amounts which will maintain, as nearly as
practicable, the same percentage relationship among the number of shares of
each Equity Security in such Trust's portfolio that existed immediately prior
to any such subsequent deposit. Any deposit by the Sponsor of additional
Equity Securities will duplicate, as nearly as is practicable, this actual
proportionate relationship and not the original proportionate relationship on
the Initial Date of Deposit, since the actual proportionate relationship may
be different than the original proportionate relationship. Any such difference
may be due to the sale, redemption or liquidation of any of the Equity
Securities deposited in a Trust on the Initial, or any subsequent, Date of
Deposit.

Each Unit of a Trust initially offered represents an undivided interest in
such Trust. To the extent that any Units are redeemed by the Trustee or
additional Units are issued as a result of additional Securities being
deposited by the Sponsor, the fractional undivided interest in a Trust
represented by each unredeemed Unit will increase or decrease accordingly,
although the actual interest in such Trust represented by such fraction will
remain unchanged. Units will remain outstanding until redeemed upon tender to
the Trustee by Unitholders, which may include the Sponsor, or until the
termination of the Trust Agreement. 

OBJECTIVES AND SECURITIES SELECTION 

The objective of each Strategic Ten Trust is to provide an above average total
return through a combination of potential capital appreciation and dividend
income by investing in a portfolio of common stocks of the ten companies in
the Dow Jones Industrial Average, FT Index, and Hang Seng Index, respectively,
having the highest dividend yield as of the close of business three business
days prior to the Initial Date of Deposit. The objective of the Strategic Five
Trust is to provide an above average total return through a combination of
potential capital appreciation and dividend income, consistent with the
preservation of invested capital, by investing in a portfolio of five actively
traded equity securities having the 2nd through 6th lowest per share price of
the ten companies in the Dow Jones Industrial Average having the highest
dividend yield as of the close of business three business days prior to the
Initial Date of Deposit. In seeking the Trusts' objectives, the Sponsor also
considered the ability of the Equity Securities to outpace inflation. While
inflation is currently relatively low, the United States has historically
experienced periods of double-digit inflation. While the prices of equity
securities will fluctuate, over time equity securities have outperformed the
rate of inflation, and other less risky investments, such as government bonds
and U.S. Treasury bills. Past performance is, however, no guarantee of future
results.

   
The Fund will terminate approximately thirteen months from the date of this
Prospectus. The companies represented in the Trusts are some of the most
well-known and highly capitalized companies in the United States, the United
Kingdom and Hong Kong. An investment in approximately equal values of the ten
highest yielding stocks in the Dow Jones Industrial Average for a period of
one year would have, in 14 of the last 20 years, yielded a higher total return
than an investment in all of the stocks comprising the Dow Jones Industrial
Average. A similar investment in the ten highest yielding stocks in the FT
Index for a period of one year would have, in 13 of the last 20 years, yielded
a higher total return than an investment in all of the stocks comprising the
FT Index. Furthermore, a similar investment in the ten highest yielding stocks
in the Hang Seng Index for a period of one year would have, in 11 of the last
18 years, yielded a higher total return than an investment in all of the
stocks comprising the Hang Seng Index. An investment in approximately equal
values of the five companies having the 2nd through 6th lowest per share price
of the ten highest yielding stocks in the Dow Jones Industrial Average for a
period of one year would have, in 13 of the last 20 years, yielded a higher
total return than an investment in all of the stocks comprising the Dow Jones
Industrial Average. See the table entitled "Comparison of Total
Returns" for the applicable Trust under "Trust Portfolios" . It
should be noted that the foregoing yield comparisons do not take into account
any expenses or sales commissions which would arise from an investment in
Units of the Trusts. The Trusts seek to achieve better performances than the
related indexes through similar investment strategy. Investment in a number of
companies having high dividends relative to their stock prices (usually
because their stock prices are undervalued) is designed to increase each
Trust's potential for higher returns. There is, of course, no assurance that a
Trust (which includes expenses and sales charges) will achieve its objective.
   

The Strategic Ten United Kingdom Trust and the Strategic Ten Hong Kong Trust
may be particularly suitable for investors who seek to diversify their equity
holdings with investments in foreign equity securities. Today's international
market offers many opportunities. Foreign equity markets (as measured by the
Morgan Stanley Capital International Europe, Asia, Far East Index) have
outperformed U.S. markets (as measured by the Standard & Poor's 500 Index) in
16 of the past 25 years. International markets can experience different
performances and while some markets may be experiencing rapid growth, others
may be in temporary declines. These market movements may offer attractive
growth potential and possible portfolio diversification for investors seeking
to add to their existing equity portfolio. The Foreign Trusts seek to combine
the growth potential of undervalued stocks with the strength of stocks listed
on a foreign stock market index. Typically, companies listed on a major market
index are widely recognized, firmly established and financially strong.
Therefore, when undervalued, these stocks may provide investors with
significant growth opportunities.

Investors will be subject to taxation on the dividend income received by the
Trusts and on gains from the sale or liquidation of Securities. The tax
consequences affecting Unitholders will vary in each of the respective Trusts
(see "Taxation" ). Investors should be aware that there is not any
guarantee that the objective of the Trusts will be achieved because it is
subject to the continuing ability of the respective issuers to declare and pay
dividends and because the market value of the Securities can be affected by a
variety of factors. Common stocks may be especially susceptible to general
stock market movements and to volatile increases and decreases of value as
market confidence in and perceptions of the issuers change. Investors should
be aware that there can be no assurance that the value of the underlying
Securities will increase or that the issuers of the Securities will pay
dividends on outstanding common shares. Any distribution of income will
generally depend upon the declaration of dividends by the issuers of the
Securities and the declaration of any dividends depends upon several factors
including the financial condition of the issuers and general economic
conditions. In addition, a decrease in the value of the British pound sterling
or Hong Kong dollar relative to the U.S. dollar will adversely affect the
value of the relevant Trust's assets and income and the value of the Units of
that Trust. See "Risk Factors" .

Investors should note that the above criteria were applied to the Securities
for inclusion in the Trusts as of three business days prior to the Initial
Date of Deposit. Subsequent to this date, the Securities may no longer be
included in the Dow Jones Industrial Average, FT Index, or Hang Seng Index,
may not be providing one of the ten highest dividend yields within these
indexes or may not have one of the 2nd through 6th lowest per share prices
within the relevant index. Should a Security no longer be included in these
indexes or meet the criteria used for selection for a Trust, such Security
will not as a result thereof be removed from a Trust portfolio.

Investors should be aware that the Fund is not a "managed" fund and as
a result the adverse financial condition of a company will not result in its
elimination from the portfolio except under extraordinary circumstances (see
"Fund Administration--Portfolio Administration" ). In addition,
Securities will not be sold by a Trust to take advantage of market
fluctuations or changes in anticipated rates of appreciation. Investors should
note in particular that the Securities were selected by the Sponsor three
business days prior to the date the Securities were purchased by the Trusts.
The Trusts may continue to hold Securities originally selected through this
process even though the evaluation of the attractiveness of the Securities may
have changed and, if the evaluation were performed again at that time, the
Securities would not be selected for the Trusts.

TRUST PORTFOLIOS 

Each Strategic Ten Trust consists of the ten common stocks of the respective
indices having the highest dividend yield as of the close of business three
business days prior to the Initial Date of Deposit. The Strategic Five Trust
consists of the five common stocks with the 2nd through 6th lowest per share
stock price of the ten companies in the Dow Jones Industrial Average having
the highest dividend yield as of the close of business three business days
prior to the Initial Date of Deposit. In the case of the United States Trusts,
the yield for each Equity Security was calculated by annualizing the last
dividend paid and dividing the result by the market value of the Equity
Security as of the close of business three business days prior to the Initial
Date of Deposit. In the case of Foreign Trusts, the yield for each Equity
Security was calculated by adding together the most recent interim and final
dividends paid (foreign companies generally pay one interim and one final
dividend per fiscal year) and dividing the result by the market value of the
Equity Security as of the close of business three business days prior to the
Initial Date of Deposit. An investment in each Trust involves the purchase of
a quality portfolio of attractive equities with high dividend yields in one
convenient purchase. 

Each Trust consists (a) of the Equity Securities (including contracts for the
purchase thereof) listed under the applicable "Portfolio" as may
continue to be held from time to time in such Trust, (b) any additional Equity
Securities acquired and held by such Trust pursuant to the provisions of the
Trust Agreement and (c) any cash held in the related Income and Capital
Accounts. Neither the Sponsor nor the Trustee shall be liable in any way for
any failure in any of the Equity Securities. However, should any contract for
the purchase of any of the Equity Securities initially deposited hereunder
fail, the Sponsor will, unless substantially all of the moneys held in such
Trust to cover such purchase are reinvested in substitute Equity Securities in
accordance with the Trust Agreement, refund the cash and sales charge
attributable to such failed contract to all Unitholders on or before the next
scheduled distribution date. 

Investors should note that the above criteria were applied to the Equity
Securities selected for inclusion in each Trust portfolio as of the date
indicated above. Since the Sponsor may deposit additional Equity Securities
which were originally selected through this process, the Sponsor may continue
to sell Units of a Trust even though yields on these Equity Securities may
have changed subsequent to the Initial Date of Deposit or the Equity
Securities may no longer be included in the respective index, and therefore
the Equity Securities would no longer be chosen for deposit into a Trust if
the selection process were to be made again at a later time. 

The United States Trusts

The Dow Jones Industrial Average. The Dow Jones Industrial Average ("
DJIA" ) was first published in The Wall Street Journal in 1896. Initially
consisting of just 12 stocks, the DJIA expanded to 20 stocks in 1916 and its
present size of 30 stocks on October 1, 1928. The companies which make up the
DJIA have remained relatively constant over the life of the DJIA. Taking into
account name changes, 9 of the original DJIA companies are still in the DJIA
today. For two periods of 17 consecutive years, March 14, 1939-July 1956 and
June 1, 1959-August 6, 1976, there were no changes to the list. The following
is the list as it currently appears:     

<TABLE>
<CAPTION>
<S>                                       <C>                                           
 Allied Signal                             Goodyear Tire & Rubber Company                
 Aluminum Company of America               International Business Machines Corporation   
 American Express Company                  International Paper Company                   
 American Telephone & Telegraph Company    McDonald's Corporation                        
 Bethlehem Steel Corporation               Merck & Company, Inc.                         
 Boeing Company                            Minnesota Mining & Manufacturing Company      
 Caterpillar, Inc.                         J.P. Morgan & Company, Inc.                   
 Chevron Corporation                       Philip Morris Companies, Inc.                 
 Coca-Cola Company                         Procter & Gamble Company                      
 Walt Disney Company                       Sears, Roebuck and Company                    
 E.I. du Pont de Nemours & Company         Texaco, Inc.                                  
 Eastman Kodak Company                     Union Carbide Corporation                     
 Exxon Corporation                         United Technologies Corporation               
 General Electric Company                  Westinghouse Electric Corporation             
 General Motors Corporation                Woolworth Corporation                         
</TABLE>

   
Strategic Ten United States Trust Portfolio 

The Strategic Ten United States Trust consists of common stocks of those ten
companies in the Dow Jones Industrial Average which had the highest dividend
yield as of the close of business three business days prior to the Initial
Date of Deposit. The Strategic Ten United States Trust consists of common
stocks of the following ten companies: 

Chevron Corporation. Chevron Corporation is an international oil company with
activities in the United States and abroad. The company is involved in
worldwide, integrated petroleum operations which consist of exploring for,
developing and producing petroleum liquids and natural gas as well as
transporting the products. The company is also active in the mineral and
chemical industry.

E.I. du Pont de Nemours & Company. E.I. du Pont de Nemours & Company is a
diversified international company primarily involved in petroleum, coal and
other energy sources. The company is also a large chemical manufacturer with
interests in chemicals, fibers, transportation, construction, electronics,
health care and agriculture. DuPont Nylon, a company division, produces nylon
textiles, flooring, resins and specialties.

Exxon Corporation. Exxon Corporation explores for and produces crude oil and
natural gas and manufactures petroleum products. The company explores for and
mines coal and minerals, and transports/sells crude oil, natural gas and
petroleum products. Operations are both domestic and international, and
include a representative office in Almaty, Kazakhstan (former Soviet Union).

General Electric Company. General Electric Company has business interests in
appliances, broadcasting, communications and transportation. The company
manufactures home appliances, lightbulbs, satellites, jet engines, electricity
distribution products, diagnostic imaging systems and diesel locomotives.
General Electric also owns the National Broadcasting Company.

General Motors Corporation. General Motors Corporation
manufactures and sells vehicles worldwide under the brands 
"Chevrolet" , "Buick" , "Cadillac" , "Oldsmobile" , 
"Pontiac" , "Saturn" and "GMC" trucks.

International Paper Company. International Paper Company manufactures paper,
paperboard, packaging products, wood pulp, lumber, photosensitive films and
chemicals. The company produces writing and office supply products, envelopes,
business forms, photographic supplies and building products. International
Paper sells its products worldwide.

Minnesota Mining & Manufacturing Company. Minnesota Mining & Manufacturing
Company operates in the industrial and consumer, information, imaging and
electronic and life sciences business segments. The company manufactures
industrial, commercial, healthcare and consumer products, including adhesives,
abrasives, laser imagers and "Scotch Brand" products which are
marketed worldwide.

J.P. Morgan & Company, Inc. J. P. Morgan & Company, Inc., through
subsidiaries, offers financial services to corporations, governments,
financial institutions, institutional investors, professional firms,
privately-held companies and individuals. The company offers loans, advises on
mergers, acquisitions and privatizations, underwrites debt and equity issues
and deals in government-issued securities worldwide.

Philip Morris Companies, Inc. Philip Morris Companies, Inc. has five principal
operating companies which include Philip Morris U.S.A., Philip Morris
International, Inc., Kraft Foods, Inc., Miller Brewing Company and Philip
Morris Capital Corporation. Philip Morris Capital Corporation provides
financial services.

Texaco, Inc. Texaco, Inc. and its subsidiaries, explore for, produce,
transport, refine and market crude oil, natural gas and petroleum products,
including petrochemicals, worldwide. The company owns, leases or has interests
in extensive production, manufacturing, marketing, transportation and other
facilities throughout the world.

The following table sets forth a comparison of the total return of the ten
highest yielding DJIA common stocks (the "DJIA Ten" ) with those of all
common stocks comprising the DJIA. It should be noted that the common stocks
comprising the DJIA Ten may not be the same stocks from year to year and may
not be the same common stocks as those included in the Strategic Ten United
States Trust.     



<TABLE>
<CAPTION>
COMPARISON OF TOTAL RETURNS                                  
         DJIA Ten             Dow Jones Industrial Average   
Year     Total Return <F1>    Total Return <F1>              
<S>      <C>                  <C>                            
1976     34.93%               22.72%                         
1977     (1.75)               (12.70)                        
1978     0.11                 2.69                           
1979     12.96                10.52                          
1980     27.23                21.41                          
1981     7.42                 (3.40)                         
1982     26.05                25.79                          
1983     38.76                25.65                          
1984     9.55                 1.08                           
1985     29.45                32.78                          
1986     35.77                26.92                          
1987     5.93                 6.02                           
1988     24.64                15.95                          
1989     25.08                31.71                          
1990     (7.57)               (0.58)                         
1991     33.97                23.93                          
1992     7.84                 7.35                           
1993     27.01                16.74                          
1994     4.01                 4.95                           
1995     36.58                36.49                          

* Source: Barron's, Bloomberg L.P. and Dow Jones Corporation. The Sponsor has
not independently verified this data but has no reason to believe that this
data is incorrect in any material respect. Reasonable assumptions were relied
on where data was either unavailable or only partially available and these
assumptions could have a material impact on the historical performance
calculations.

<FN>
<F1>The DJIA Ten for each period were identified by ranking the dividend yield for
each of the stocks in the DJIA by annualizing the last dividend paid (the last
dividend declared was used in cases when the stock was trading ex-dividend as
of the last day of the year) and dividing the result by the stock's market
value on the first day of trading on the New York Stock Exchange in the
period. Total Return for each period was calculated by taking the difference
between period-end prices and prices at the end of the following period
(adjusted for any stock splits and corporate spinoffs) and adding dividends
for the period. Historical total returns thus represent actual stocks and real
time; the results illustrate what an investor would have obtained had the
investor been invested in the related stocks in the periods indicated. Total
Return does not take into consideration any sales charges, commissions,
expenses or taxes that will be incurred by the Trust. 
</TABLE>

Based on the total returns set forth in the table above, the average annual
total returns for the DJIA Ten for the most recent three, five, ten and twenty
years periods was 21.74%, 21.12%, 18.37% and 18.01%, respectively. On the
other hand, based on the total returns set forth in the table above, the
average annual total returns for the DJIA for the most recent three, five, ten
and twenty year periods was 18.70%, 17.34%, 16.35% and 14.00%, respectively.

The returns shown above represent past performance and are not guarantees of
future performance and should not be used as a predictor of returns to be
expected in connection with the Strategic Ten United States Trust. Among other
factors, both stock prices (which may appreciate or depreciate) and dividends
(which may be increased, reduced or eliminated) will affect the returns. Had
the portfolio been available over the periods indicated in the above table,
after deductions for expenses and sales charges and not accounting for taxes,
it would have underperformed the DJIA in 10 of the last 20 years and there can
be no assurance that the Strategic Ten United States Trust will outperform the
DJIA over the life of such Trust or over consecutive rollover periods, if
available. A Unitholder in the Strategic Ten United States Trust would not
necessarily realize as high a total return on an investment in the stocks upon
which the returns shown above are based. The total return figures shown above
do not reflect sales charges, commissions, Trust expenses or taxes, and such
Trust may not be able to invest equally in the DJIA Ten and may not be fully
invested at all times. 

The chart below represents past performance of the DJIA and the DJIA Ten (but
does not represent possible performance of the Strategic Ten United States
Trust which, as indicated above, includes certain expenses and commissions not
included in the chart) and should not be considered indicative of future
results. Further, results are hypothetical. The chart assumes that all
dividends during a year (including those on stocks trading ex-dividend as of
the last day of the year) are reinvested at the end of that year and does not
reflect sales charges, commissions, expenses or income taxes. Based on the
foregoing assumptions, the average annual returns (which represent the
percentage return derived by taking the sum of the initial investment and all
appreciation and dividends for the specified investment period) during the
period referred to in the table were 18.01% and 14.00% for the DJIA Ten and
the DJIA, respectively. There can be no assurance that the Strategic Ten
United States Trust will outperform the DJIA over its life or over consecutive
rollover periods, if available.   


<TABLE>
<CAPTION>
Value of $10,000 Invested       
January 1, 1976                 
Period    DJIA Ten    DJIA      
<S>      <C>         <C>        
1976     $13,493     $12,272    
1977      13,257      10,713    
1978      13,271      11,002    
1979      14,991      12,159    
1980      19,074      14,762    
1981      20,489      14,260    
1982      25,826      17,938    
1983      35,836      22,539    
1984      39,259      22,783    
1985      50,821      30,251    
1986      68,999      38,394    
1987      73,091      40,706    
1988      91,000      47,198    
1989      113,948     62,165    
1990      105,322     61,804    
1991      141,100     76,594    
1992      152,163     82,224    
1993      193,262     95,988    
1994      201,012     100,739   
1995      274,542     137,499   
</TABLE>


Strategic Five United States Trust Portfolio 

The Strategic Five United States Trust consists of common stocks of those five
companies which had the 2nd through 6th lowest per share stock price of the
ten companies in the Dow Jones Industrial Average which had the highest
dividend yield as of the close of business three business days prior to the
Initial Date of Deposit. Historically, the lowest priced stock in the Dow
Jones Industrial Average has been a company experiencing difficulties. The
Strategic Five United States Trust consists of common stocks of the following
five companies: 

Chevron Corporation. Chevron Corporation is an international oil company with
activities in the United States and abroad. The company is involved in
worldwide, integrated petroleum operations which consist of exploring for,
developing and producing petroleum liquids and natural gas as well as
transporting the products. The company is also active in the mineral and
chemical industry.

E.I. du Pont de Nemours & Company. E.I. du Pont de Nemours & Company is a
diversified international company primarily involved in petroleum, coal and
other energy sources. The company is also a large chemical manufacturer with
interests in chemicals, fibers, transportation, construction, electronics,
health care and agriculture. DuPont Nylon, a company division, produces nylon
textiles, flooring, resins and specialties.

General Electric Company. General Electric Company has business interests in
appliances, broadcasting, communications and transportation. The company
manufactures home appliances, lightbulbs, satellites, jet engines, electricity
distribution products, diagnostic imaging systems and diesel locomotives.
General Electric also owns the National Broadcasting Company.

General Motors Corporation. General Motors Corporation manufactures 
and sells vehicles worldwide under the brands "Chevrolet" , "Buick" , "
Cadillac" , "Oldsmobile" , "Pontiac" , "Saturn" and "GMC" trucks.

Minnesota Mining & Manufacturing Company. Minnesota Mining & Manufacturing
Company operates in the industrial and consumer, information, imaging and
electronic and life sciences business segments. The company manufactures
industrial, commercial, healthcare and consumer products, including adhesives,
abrasives, laser imagers and "Scotch Brand" products which are
marketed worldwide.   

 The following table sets forth a comparison of the total return of the 2nd
through 6th lowest priced stocks of the ten highest yielding DJIA common
stocks (the "DJIA Five" ) with those of all common stocks comprising
the DJIA. It should be noted that the common stocks comprising the DJIA Five
may not be the same stocks from year to year and may not be the same common
stocks as those included in the Strategic Five United States Trust.    

<TABLE>
<CAPTION>
COMPARISON OF TOTAL RETURNS                                  
         DJIA Five            Dow Jones Industrial Average   
Year     Total Return <F1>    Total Return <F1>              
<S>      <C>                  <C>                            
1976     31.66%               22.72%                         
1977     1.85                 (12.70)                        
1978     (1.86)               2.69                           
1979     11.31                10.52                          
1980     31.07                21.41                          
1981     10.26                (3.40)                         
1982     19.91                25.79                          
1983     53.14                25.65                          
1984     1.20                 1.08                           
1985     28.47                32.78                          
1986     36.04                26.92                          
1987     5.52                 6.02                           
1988     21.16                15.95                          
1989     36.02                31.71                          
1990     (17.66)              (0.58)                         
1991     23.09                23.93                          
1992     28.44                7.35                           
1993     38.38                16.74                          
1994     2.70                 4.95                           
1995     42.57                36.49                          

 * Source: Barron's, Bloomberg L.P. and Dow Jones Corporation. The Sponsor has
not independently verified this data but has no reason to believe that this
data is incorrect in any material respect. Reasonable assumptions were relied
on where data was either unavailable or only partially available and these
assumptions could have a material impact on the historical performance
calculations.

<FN>
<F1>The DJIA Five for each period were identified by ranking the dividend yield
for each of the stocks in the DJIA by annualizing the last dividend paid (the
last dividend declared was used in cases when the stock was trading
ex-dividend as of the last day of the year) and dividing the result by the
stock's market value on the first day of trading on the New York Stock
Exchange in the period. The top ten highest dividend yielding stocks were then
ranked by price from highest to lowest. The absolute lowest priced stock was
eliminated and the next five lowest priced stocks were selected for the
comparison. Total Return for each period was calculated by taking the
difference between period-end prices and prices at the end of the following
period (adjusted for any stock splits and corporate spinoffs) and adding
dividends for the period. Historical total returns thus represent actual
stocks and real time; the results illustrate what an investor would have
obtained had the investor been invested in the related stocks in the periods
indicated. Total Return does not take into consideration any sales charges,
commissions, expenses or taxes that will be incurred by the Trust. 
</TABLE>

Based on the total returns set forth in the table above, the average annual
total returns for the DJIA Five for the most recent three, five, ten and
twenty years periods was 26.54%, 26.22%, 20.09% and 18.83%, respectively. On
the other hand, based on the total returns set forth in the table above, the
average annual total returns for the DJIA for the most recent three, five, ten
and twenty year periods was 18.70%, 17.34%, 16.35% and 14.00%, respectively.

The returns shown above represent past performance and are not guarantees of
future performance and should not be used as a predictor of returns to be
expected in connection with the Strategic Five United States Trust. Among
other factors, both stock prices (which may appreciate or depreciate) and
dividends (which may be increased, reduced or eliminated) will affect the
returns. Had the portfolio been available over the periods indicated in the
above table, after deductions for expenses and sales charges and not
accounting for taxes, it would have underperformed the DJIA in 9 of the last
20 years and there can be no assurance that the Strategic Five United States
Trust will outperform the DJIA over the life of such Trust or over consecutive
rollover periods, if available. A Unitholder in the Strategic Five United
States Trust would not necessarily realize as high a total return on an
investment in the stocks upon which the returns shown above are based. The
total return figures shown above do not reflect sales charges, commissions,
Trust expenses or taxes, and such Trust may not be able to invest equally in
the DJIA Five and may not be fully invested at all times. 

The chart below represents past performance of the DJIA and the DJIA Five (but
does not represent possible performance of the Strategic Five United States
Trust which, as indicated above, includes certain expenses and commissions not
included in the chart) and should not be considered indicative of future
results. Further, results are hypothetical. The chart assumes that all
dividends during a year (including those on stocks trading ex-dividend as of
the last day of the year) are reinvested at the end of that year and does not
reflect sales charges, commissions, expenses or income taxes. Based on the
foregoing assumptions, the average annual returns (which represent the
percentage return derived by taking the sum of the initial investment and all
appreciation and dividends for the specified investment period) during the
period referred to in the table were 18.83% and 14.00% for the DJIA Five and
the DJIA, respectively. There can be no assurance that the Strategic Five
United States Trust will outperform the DJIA over its life or over consecutive
rollover periods, if available.     

<TABLE>
<CAPTION>
Value of $10,000 Invested        
January 1, 1976                  
Period    DJIA Five    DJIA      
<S>      <C>          <C>        
1976     $      13,166 $12,272
1977            13,410  10,713
1978            13,160  11,002
1979            14,649  12,159
1980            19,200  14,762
1981            21,170  14,260
1982            25,385  17,938
1983            38,874  22,539    
1984            39,341  22,783    
1985            50,541  30,251    
1986            68,756  38,394    
1987            72,551  40,706    
1988            87,903  47,198    
1989           119,566  62,165    
1990            98,450  61,804    
1991           121,182  76,594    
1992           155,647  82,224    
1993           215,384  95,988    
1994           221,199 100,739   
1995           315,364 137,499   
</TABLE>
   

United Kingdom Trust

   
The Financial Times Industrial Ordinary Share Index. The Financial Times
Industrial Ordinary Share Index (the "FT Index" ) is comprised of 30
common stocks chosen by the editors of The Financial Times as representative
of British industry and commerce. The FT Index began as the Financial News
Industrial Ordinary Share Index in London in 1935 and became the Financial
Times Industrial Ordinary Share Index in 1947. The following stocks are
currently represented in the FT Index: 

<TABLE>
<CAPTION>
<S>                           <C>                                              
 ASDA Group                    Grand Metropolitan                               
 Allied Domecq Plc             Guest Keen & Nettlefolds (GKN) Plc               
 BICC Plc                      Guinness                                         
 BOC Group                     Hanson Plc                                       
 BTR Plc                       Imperial Chemical Industries Plc                 
 Blue Circle Industries Plc    Lucas Industries Plc                             
 Boots Co                      Marks & Spencer                                  
 British Gas Plc               National Westminster Bank Plc                        
 British Petroleum             Peninsular & Oriental Steam Navigation Company   
 British Telecom Plc           Reuters Holdings                                 
 British Airways               Royal Insurance Holdings Plc                     
 Cadbury Schweppes             SmithKline Beecham                               
 Courtaulds Plc                Tate & Lyle                                      
 General Electric Plc          Thorn EMI                                        
 Glaxo Wellcome Plc            Vodaphone Plc                                    
</TABLE>

United Kingdom Trust Portfolio 

The United Kingdom Trust consists of common stocks of those ten companies in
the Financial Times Industrial Ordinary Share Index which had the highest
dividend yield as of the close of business three business days prior to the
Initial Date of Deposit. The United Kingdom Trust consists of common stocks of
the following ten companies: 

Allied Domecq Plc. Allied Domecq Plc is an international food, drink and
hospitality group. The company owns the "Baskin Robbins" ice cream and
"Dunkin' Donuts" food chains and "Firkin" pubs chain. Through
Hiram Walker, the company also produces a wide range of brands, including "
Ballantine's" scotch whiskey, "Canadian Club" Canadian whiskey,
"Kahlua" , "Tia Maria" , "Beefeater Gin" and other
brands.

BICC Plc. BICC Plc manufactures cables and provides construction and
engineering services. The company's construction and engineering activities
are primarily located in North America and Asia-Pacific while the cable
business is managed through regional operations based in Europe, North
America, Australia and Asia-Pacific. BICC serves the power, communications,
transport and building sectors.

BTR Plc. BTR Plc is a holding company with subsidiaries in industrial,
transportation, construction, control systems, electrical and consumer related
divisions. The company produces and sells building products, agricultural
equipment and aircraft equipment and distributes electrical, health care,
environmental control and paper and printing products.

British Gas Plc. British Gas Plc's principal activity is the purchase,
transmission, distribution and supply of gas in Great Britain, supported by a
broad range of services to customers and the marketing of gas appliances. The
company also has significant operations exploring for and producing oil and
gas in the United Kingdom and overseas. 

British Telecom Plc. British Telecom Plc provides telecommunications services.
The company provides local and long-distance telephone call products and
services in the United Kingdom, telephone exchange lines to homes and
businesses, international telephone calls to and from the United Kingdom and
telecommunications equipment for customers' premises. The company has
operations internationally.

Glaxo Wellcome Plc. Glaxo Wellcome Plc researches, develops, manufactures and
markets pharmaceuticals. Over half of the company's sales are derived from
"Zantac," an anti-ulcer drug. In the United States, Glaxo, Inc.
researches, develops and produces prescription medicines that treat
gastrointestinal, respiratory, infectious and cardiovascular diseases. The
company also produces AZT for the treatment of AIDS.

Hanson Plc. Hanson Plc is an industrial management company with operations in
the United Kingdom, the United States and to a lesser extent in Australia,
South Africa and other regions of the world. Some of the company's business
activities include the manufacture and sale of chemicals, building materials
and consumer and recreational products, the mining of coal, house building and
the sale and distribution of propane.

National Westminster Bank Plc. National Westminster Bank Plc, a London-based
retail bank, provides a variety of banking and financial services to both the
domestic and international markets.

Peninsular & Oriental Steam Navigation Company. Peninsular & Oriental Steam
Navigation Company's primary activities include container and bulk shipping,
house building, property investment, construction and development and cruise,
ferry and transport services. Peninsular & Oriental operates worldwide.

Royal Insurance Holdings Plc. Royal Insurance Holdings Plc is a holding
company for businesses that offer all forms of insurance and provide financial
services. Royal Insurance offers general life insurance and reinsurance and
conducts investment and asset management services. Royal Insurance operates in
the United Kingdom, the United States, Canada and elsewhere.
   

The following table compares the actual performance of the FT Index and the
ten stocks in the FT Index having the highest dividend yield in each of the
past 20 years (the "FT Ten" ), as of December 31 in each of those
years. The FT Index statistics are based on a geometric, unweighted average of
30 companies, while the statistics for the FT Ten are based on an
approximately equal distribution (based on market price) of each of the ten
stocks. The figures have been adjusted to take into account the effect of
currency exchange rate fluctuations of the U.S. dollar. It should be noted
that the common stocks comprising the FT Ten may not be the same stocks from
year to year and may not be the same common stocks as those included in the
United Kingdom Trust.

<TABLE>
<CAPTION>
COMPARISON OF TOTAL RETURNS*                                                    
         FT Ten               Financial Times Industrial Ordinary Share Index   
Year     Total Return <F1>    Total Return <F1>                                 
<S>      <C>                  <C>                                               
1976     (18.99)%             (13.90)%                                          
1977     74.74                50.33                                             
1978     9.99                 8.57                                              
1979     4.56                 10.46                                             
1980     28.21                29.14                                             
1981     (5.56)               (3.50)                                            
1982     4.23                 2.81                                              
1983     44.54                17.25                                             
1984     7.81                 (5.45)                                            
1985     75.73                51.91                                             
1986     27.21                21.51                                             
1987     46.38                37.94                                             
1988     12.66                7.52                                              
1989     25.66                21.82                                             
1990     15.02                9.23                                              
1991     8.95                 22.39                                             
1992     4.72                 (4.19)                                            
1993     36.41                16.07                                             
1994     2.49                 3.39                                              
1995     11.46                17.34                                             

* Source: Datastream International, Inc. and Extell Financial LTD. The Sponsor
has not independently verified this data but has no reason to believe that
this data is incorrect in any material respect. Reasonable assumptions were
relied on where data was either unavailable or only partially available and
these assumptions could have a material impact on the historical performance
calculations.

<FN>
<F1>The FT Ten for each period were identified by ranking the dividend yield for
each of the stocks in the FT Index by adding together the interim and final
dividends paid in the prior period and dividing the result by that stock's
market value on the first trading day on the London Stock Exchange in the then
current period. Total Return for each period was calculated by taking the
difference between the market value of such stocks as of the last trading day
on the London Stock Exchange in the period from the market value of such
stocks as of the first trading day in that period (adjusted for any stock
splits and corporate spinoffs), and adding dividends for the period.
Historical total returns thus represent actual stocks and real time; the
results illustrate what an investor would have obtained had the investor been
invested in the related stocks in the periods indicated. Total Return does not
take into consideration any sales charges, commissions, expenses or taxes that
will be incurred by the United Kingdom Trust.
</TABLE>

Based on the total returns set forth in the table above, the average annual
total returns for the FT Ten for the most recent three, five, ten and twenty
year periods was 14.86%, 12.20%, 18.35% and 18.60%, respectively. On the other
hand, based on the total returns set forth in the table above, the average
annual total returns for the FT Index for the most recent three, five, ten and
twenty year periods was 11.04%, 10.55%, 14.75% and 13.80%, respectively.

The returns shown above represent past performance and are not guarantees of
future performance and should not be used as a predictor of returns to be
expected in connection with the United Kingdom Trust. Among other factors,
both stock prices (which may appreciate or depreciate) and dividends (which
may be increased, reduced or eliminated) will affect the returns. Had the
portfolio been available over the periods indicated in the above table, after
deductions for expenses and sales charges and not accounting for taxes, it
would have underperformed the FT Index in 10 of the last 20 years and there
can be no assurance that such Trust will outperform the FT Index over the life
of such Trust or over consecutive rollover periods, if available. A Unitholder
in the United Kingdom Trust would not necessarily realize as high a total
return on an investment in the stocks upon which the returns shown above are
based. The total return figures shown above do not reflect sales charges,
commissions, Trust expenses or taxes, and such Trust may not be able to invest
equally in the FT Ten and may not be fully invested at all times. 

The chart below represents past performance of the FT Index and the FT Ten
(but not the United Kingdom Trust which as indicated above includes certain
expenses and commissions not included in the chart) and should not be
considered indicative of future results. Further, results are hypothetical.
The chart assumes that all dividends during a year are reinvested at the end
of that year and does not reflect commissions, custodial fees or income taxes.
The annual figures in the following table have been adjusted to take into
account the effect of currency exchange rate fluctuations of the U.S. dollar
as described in the footnotes below. Based on the foregoing assumptions, the
compound annual returns (which represent the percentage return derived by
taking the sum of the initial investment and all appreciation and dividends
for the specified investment period) during the period referred to in the
table were 18.60% and 13.80% for the FT Ten and the FT Index, respectively.
There can be no assurance that the United Kingdom Trust will outperform the FT
Index over its life or over consecutive rollover periods, if available.

<TABLE>
<CAPTION>
Value of $10,000 Invested       
January 1, 1976<F1><F2>         
Period    FT Ten     FT Index   
<S>      <C>        <C>         
1976     $     8,101$      8,610
1977          14,156      12,943
1978          15,570      14,052
1979          16,280      15,522
1980          20,872      20,045
1981          19,713      19,344
1982          20,546      19,887
1983          29,697      23,318
1984          32,016      22,047
1985          56,262      33,491
1986          71,570      40,697
1987         104,761      56,138
1988         118,028      60,358
1989         148,316      73,530
1990         170,596      80,316
1991         185,858      98,299
1992         194,627      94,182
1993         265,498     109,315
1994         272,113     113,023
1995         303,288     132,626

<FN>
<F1>The $10,000 initial investment was converted into British pounds sterling
using the opening exchange rate at the beginning of each period.

<F2>The year-end total in British pounds sterling was converted into U.S. dollars
using the ending exchange rate. This amount was then converted back into
British pounds sterling using the opening exchange rate at the beginning of
the next period.
</TABLE>

Hong Kong Trust

The Hang Seng Index. The Hang Seng Index, first published in 1969, consists of
33 of the 358 stocks currently listed on the Stock Exchange of Hong Kong Ltd.
(the "Hong Kong Exchange" ). The Hang Seng Index, which is
representative of commerce and industry, finance, properties and utilities, is
comprised of the following companies.:

<TABLE>
<CAPTION>
 <S>                                        <C>                                   
 Amoy Properties Ltd.                       HSBC Holdings Plc                     
 Bank of East Asia                          Hutchison Whampoa                     
 Cathay Pacific Airways                     Hysan Development Company Ltd.        
 Cheung Kong                                Johnson Electric Holdings             
 China Light & Power                        Miramar Hotel and Investment          
 Citic Pacific                              New World Development Co. Ltd.        
 Great Eagle Holdings                       Oriental Press Group                  
 Guangdong Investment                       Shangri-La Asia Ltd.                  
 Hang Lung Development Company              Shun Tak Holdings Ltd.                
 Hang Seng Bank                             Sino Land Co. Ltd.                    
 Henderson Land Development Co. Ltd.        South China Morning Post (Holdings)   
 Hong Kong Aircraft Engineering Co. Ltd.    Sun Hung Kai Properties Ltd.          
 Hong Kong and China Gas                    Swire Pacific (A)                     
 Hong Kong Electric Holdings Ltd.           TV Broadcasts                         
 Hong Kong and Shanghai Hotels              Wharf Holdings                        
 Hong Kong Telecommunications               Wheelock & Co.                        
 Hopewell Holdings                                                                
</TABLE>

Hong Kong Trust Portfolio 

   
The Hong Kong Trust consists of common stocks of those ten companies in the
Hang Seng Index which had the highest dividend yield as of the close of
business three business days prior to the Initial Date of Deposit. The Hong
Kong Trust consists of common stocks of the following ten companies: 

Amoy Properties Ltd. Amoy Properties Ltd. is a property investment company and
a subsidiary of Hang Lung Development Company Ltd. The company invests in
commercial, office, residential and industrial properties in Hong Kong. The
company is also involved in car park management and property management. 

Hang Lung Development Company. Hang Lung Development Company is an investment
holding company. Its subsidiary Amoy Properties invests in commercial, office,
residential and industrial properties. Another subsidiary Grand Hotel Holdings
operates hotels in Hong Kong. Its associated companies operate department 
stores, restaurants and dry cleaners. The company mainly operates in Hong 
Kong, and plans to extend to Shanghai, China.

Hang Seng Bank. Hang Seng Bank offers commercial banking and related financial
services. The company has 135 branches in Hong Kong, three branches in the
United States, and three representative offices in China. In 1994, the company
was reorganized into three divisions: Retail Banking, Corporate Banking and
Treasury. Its subsidiaries also provide insurance, fund management, and
stockbroking services. 

Hong Kong Aircraft Engineering Co. Ltd. Hong Kong Aircraft Engineering Co.
Ltd. maintains and overhauls commercial aircraft. The company performs
comprehensive checks, refurbishments and reconfigurations of airframes and
engines. Hong Kong Aircraft Engineering Company has contracts with several
airways. The ultimate holding company is Swire Pacific Ltd. a company
incorporated and listed in Hong Kong.

Hong Kong Electric Holdings Ltd. Hong Kong Electric Holdings Ltd. generates
and supplies electricity, engineering consultancy and project management.

Hong Kong Telecommunications. Hong Kong Telecommunications provides
telecommunication, computer, engineering, and other services in Hong Kong. The
company also sells and rents telecommunication equipment.

Hysan Development Company Ltd. Hysan Development Company Ltd. is an investment
holding company. Its subsidiaries are active in the field of property
investment, property development and capital market investment. The company's
revenues mainly come from commercial rental income and luxury residential
property located in Hong Kong.

Oriental Press Group. Oriental Press Group is an investment holding company.
The company publishes newspapers and magazines and is involved in property
investment and building management. Publication titles include "Oriental
Daily News" , "Oriental Sunday" , "Sun Racing Journal" , "
Jade Magazine" , "Eastweek" and "Eastern Express" .

Shun Tak Holdings Ltd. Shun Tak Holdings Ltd. is involved in shipping,
property, restaurants, air transportation and hotels in the Asia-Pacific
region. The company operates jet-foil services, develops residential and
commercial properties in Hong Kong, Macau and Australia, has interests in
three restaurants and five hotels and operates air cargo services to nine
destinations in Europe and Asia.

South China Morning Post (Holdings). South China Morning Post (Holdings)
publishes, prints and distributes the "South China Morning Post" , "
South China Sunday Morning Post" and Wah Kiu Yat Po. The company also has
operations in book selling, magazine publishing and distribution. All of their
activities are based in Hong Kong, with 90% of the company's turnover
resulting from publishing and printing of newspaper. 
   

The following table compares the actual performance of the Hang Seng Index and
the ten stocks in the Hang Seng Index having the highest dividend yield (the
"Hang Seng Ten" ) in each of the past 18 years, as of December 31 in
each of those years. The Hang Seng Index statistics are based on a geometric,
unweighted average of 33 companies, while the statistics for the Hang Seng Ten
are based on an approximately equal distribution (based on market price) of
each of the ten stocks. The figures have been adjusted to take into account
the effect of currency exchange rate fluctuations of the U.S. dollar. It
should be noted that the common stocks comprising the Hang Seng Ten may not be
the same stocks from year to year and may not be the same common stocks as
those included in the Hong Kong Trust.

<TABLE>
<CAPTION>
COMPARISON OF TOTAL RETURNS*                      
         Hang Seng Ten        Hang Seng Index     
Year     Total Return <F1>    Total Return <F1>   
<S>      <C>                  <C>                 
1978      17.92%               10.64%             
1979     67.81                70.76               
1980     38.03                49.08               
1981     (5.87)               (12.81)             
1982     (38.76)              (52.64)             
1983     (3.30)               (10.44)             
1984     57.36                29.12               
1985     43.29                46.45               
1986     62.35                58.93               
1987     (1.22)               (11.57)             
1988     43.24                29.90               
1989     7.85                 11.27               
1990     6.03                 3.73                
1991     51.11                48.91               
1992     38.79                34.76               
1993     109.72               121.59              
1994     (35.63)              (30.91)             
1995     16.07                26.34               
</TABLE>

* Source: Datastream International, Inc. and The Hong Kong Stock Exchange. The
Sponsor has not independently verified this data but has no reason to believe
that this data is incorrect in any material respect. Reasonable assumptions
were relied on where data was either unavailable or only partially available
and these assumptions could have a material impact on the historical
performance calculations. 

The Hang Seng Ten for each period were identified by ranking the dividend
yield for each of the stocks in the Hang Seng Index by adding together the
interim and final dividends paid in the prior period and dividing the result
by that stock's market value on the first trading day on the Hong Kong Stock
Exchange in the then current period. Total Return for each period was
calculated by taking the difference between the market value of such stocks as
of the last trading day on the Hong Kong Stock Exchange in the period from the
market value of such stocks as of the first trading day in that period
(adjusted for any stock splits and corporate spinoffs), and adding dividends
for the period. Historical total returns thus represent actual stocks and real
time; the results illustrate what an investor would have obtained had the
investor been invested in the related stocks in the periods indicated. Total
Return does not take into consideration any sales charges, commissions,
expenses or taxes that will be incurred by the Hong Kong Trust.

Based on the total returns set forth in the table above, the average annual
total returns for the Hang Seng Ten for the most recent three, five, ten and
eighteen year periods was 16.14%, 26.86%, 24.05% and 18.46%, respectively. On
the other hand, based on the total returns set forth in the table above, the
average annual total returns for the Hang Seng Index for the most recent
three, five, ten and eighteen year periods was 24.59%, 31.16%, 23.39% and
16.70%, respectively.

The returns shown above represent past performance and are not guarantees of
future performance and should not be used as a predictor of returns to be
expected in connection with the Hong Kong Trust. Among other factors, both
stock prices (which may appreciate or depreciate) and dividends (which may be
increased, reduced or eliminated) will affect the returns. Had the portfolio
been available over the periods indicated in the above table, after deductions
for expenses and sales charges and not accounting for taxes, it would have
underperformed the Hang Seng Index in 11 of the last 18 years and there can be
no assurance that the Hong Kong Trust will outperform the Hang Seng Index over
the life of such Trust or over consecutive rollover periods, if available. A
Unitholder in the Hong Kong Trust would not necessarily realize as high a
total return on an investment in the 10 stocks upon which the returns shown
above are based. The total return figures shown above do not reflect sales
charges, commissions, Trust expenses or taxes, and such Trust may not be able
to invest equally in the Hang Seng Ten and may not be fully invested at all
times. 

The chart below represents past performance of the Hang Seng Index and the
Hang Seng Ten (but not the Hong Kong Trust which as indicated above includes
certain expenses and commissions not included in the chart) and should not be
considered indicative of future results. Further, results are hypothetical.
The chart assumes that all dividends during a year are reinvested at the end
of that year and does not reflect commissions, custodial fees or income taxes.
The annual figures in the following table have been adjusted to take into
account the effect of currency exchange rate fluctuations on the U.S. dollar
as described in the footnotes below. Based on the foregoing assumptions, the
compound annual returns (which represent the percentage return derived by
taking the sum of the initial investment and all appreciation and dividends
for the specified investment period) during the period referred to in the
table were 18.46% and 16.70% for the Hang Seng Ten and the Hang Seng Index,
respectively. There can be no assurance that the Hong Kong Trust will
outperform the Hang Seng Index over its life or over consecutive rollover
periods, if available.

<TABLE>
<CAPTION>
         Value of $10,000                                                                 
         Invested January 1,                                                              
         1978<F1><F2>                                                                     
Period         Hang Seng Ten        Hang Seng Index                             
<S>       <C>                   <C>                                        
1978      $     11,792          $            11,064
1979            19,788                       18,893
1980            27,314                       28,166
1981            25,712                       24,559
1982            15,745                       11,632
1983            15,226                       10,418
1984            23,961                       13,451
1985            34,334                       19,698
1986            55,743                       31,306
1987            55,060                       27,683
1988            78,867                       35,961
1989            85,057                       40,013
1990            90,182                       41,507
1991           136,271                       61,809
1992           189,132                       83,294
1993           396,649                      184,574
1994           255,313                      127,519
1995           296,334                      161,108

<FN>
<F1>The $10,000 initial investment was converted into Hong Kong dollars using the
opening exchange rate at the beginning of each period.

<F2>The year-end total in Hong Kong dollars was converted into U.S. dollars using
the ending exchange rate. This amount was then converted back into Hong Kong
dollars using the opening exchange rate at the beginning of the next period.
</TABLE>

Combined Strategies

The following tables compare cumulative performances of hypothetical
investments. Combined Strategy 1 illustrates both a single investment of
$10,000 in each of the DJIA Ten, FT Ten and the Hang Seng Ten, and a single
investment of $10,000 diversified among all three index strategies. Combined
Strategy 2 illustrates both a single investment of $10,000 in each of the DJIA
Five, FT Ten and the Hang Seng Ten, and a single investment of $10,000
diversified among all three index strategies. These figures do not reflect
commissions or taxes, nor the performance of the Fund, which is subject to
sales charges and expenses. This represents past performance and should not be
considered indicative of future results. Both stock prices (which may
appreciate or depreciate) and dividends (which may be increased, reduced or
eliminated) will affect future returns. Also, in the case of the Foreign
Trusts there are additional risks associated with investments denominated in
foreign currencies. All figures in the following tables have been adjusted by
taking into account currency exchange rates for U.S. dollars as of the end of
each period shown. 

   
                          Combined Strategy 1    
<TABLE>
<CAPTION>
                                                      Combined   
         DJIA Ten    FT Ten      Hang Seng Ten        Strategy 1 
         Value of    Value of    Value of             Value of   
Year     Investment  Investment  Investment           Investment 
<S>      <C>         <C>         <C>                  <C>       
         $    10,000 $    10,000 $             10,000 $    10,000
1978          10,011      10,999               11,792      10,934
1979          11,308      11,501               19,788      14,199
1980          14,388      14,745               27,314      18,816
1981          15,455      13,926               25,712      18,364
1982          19,481      14,514               15,745      16,580
1983          27,032      20,979               15,226      21,079
1984          29,614      22,617               23,961      25,397
1985          38,335      39,745               34,334      37,471
1986          52,048      50,559               55,743      52,783
1987          55,134      74,006               55,060      61,400
1988          68,719      83,378               78,867      76,988
1989          85,954     104,774               85,057      91,928
1990          79,447     120,513               90,182      96,714
1991         106,436     131,295              136,271     124,667
1992         114,780     137,490              189,132     147,134
1993         145,782     187,555              396,649     243,329
1994         151,628     192,228              255,313     199,723
1995         207,094     214,251              296,334     239,226
</TABLE>
   

The total returns from the three indices are taken from the previous $10,000
investment strategies charts. Therefore, all figures are presented in U.S.
dollars. For a complete computation of the information presented in this
table, investors are encouraged to review the tables entitled "Value of
$10,000 Invested" . This data has been obtained from a variety of sources
(including Bloomberg LP, Barron's, Dow Jones Corporation, Extell Financial
LTD, Datastream International, Inc., and the Hong Kong Stock Exchange) and is
generally considered reliable. However, reasonable assumptions were relied on
where data was either unavailable or only partially available and these
assumptions could have a material impact on the historical performance
calculations.

Combined Strategy 2   

   
<TABLE>
<CAPTION>
                                                      Combined   
         DJIA Five   FT Ten      Hang Seng Ten        Strategy 2 
         Value of    Value of    Value of             Value of   
Year     Investment  Investment  Investment           Investment 
<S>      <C>         <C>         <C>                  <C>       
         $    10,000 $    10,000 $             10,000 $    10,000
1978           9,814      10,999               11,792      10,868
1979          10,924      11,501               19,788      14,071
1980          14,318      14,745               27,314      18,792
1981          15,787      13,926               25,712      18,475
1982          18,930      14,514               15,745      16,397
1983          28,990      20,979               15,226      21,732
1984          29,338      22,617               23,961      25,305
1985          37,690      39,745               34,334      37,256
1986          51,274      50,559               55,743      52,525
1987          54,104      74,006               55,060      61,057
1988          65,552      83,378               78,867      75,933
1989          89,164     104,774               85,057      92,999
1990          73,418     120,513               90,182      94,705
1991          90,370     131,295              136,271     119,312
1992         116,071     137,490              189,132     147,565
1993         160,620     187,555              396,649     248,274
1994         164,956     192,228              255,313     204,166
1995         235,178     214,251              296,334     248,588
</TABLE>
   

The total returns from the three indices are taken from the previous $10,000
investment strategies charts. Therefore, all figures are presented in U.S.
dollars. For a complete computation of the information presented in this
table, investors are encouraged to review the tables entitled "Value of
$10,000 Invested" . This data has been obtained from a variety of sources
(including Bloomberg LP, Barron's, Dow Jones Corporation, Extell Financial
LTD, Datastream International, Inc., and the Hong Kong Stock Exchange) and is
generally considered reliable. However, reasonable assumptions were relied on
where data was either unavailable or only partially available and these
assumptions could have a material impact on the historical performance
calculations.

RISK FACTORS 

General. An investment in Units of a Trust should be made with an
understanding of the risks which an investment in common stocks entails,
including the risk that the financial condition of the issuers of the Equity
Securities or the general condition of the common stock market may worsen and
the value of the Equity Securities and therefore the value of the Units may
decline. Common stocks are especially susceptible to general stock market
movements and to volatile increases and decreases of value as market
confidence in and perceptions of the issuers change. These perceptions are
based on unpredictable factors including expectations regarding government,
economic, monetary and fiscal policies, inflation and interest rates, economic
expansion or contraction, and global or regional political, economic or
banking crises. Shareholders of common stocks have rights to receive payments
from the issuers of those common stocks that are generally subordinate to
those of creditors of, or holders of debt obligations or preferred stocks of,
such issuers. Shareholders of common stocks of the type held by the Trusts
have a right to receive dividends only when and if, and in the amounts,
declared by each issuer's board of directors and have a right to participate
in amounts available for distribution by such issuer only after all other
claims on such issuer have been paid or provided for. Common stocks do not
represent an obligation of the issuer and, therefore, do not offer any
assurance of income or provide the same degree of protection of capital as do
debt securities. The issuance of additional debt securities or preferred stock
will create prior claims for payment of principal, interest and dividends
which could adversely affect the ability and inclination of the issuer to
declare or pay dividends on its common stock or the rights of holders of
common stock with respect to assets of the issuer upon liquidation or
bankruptcy. The value of common stocks is subject to market fluctuations for
as long as the common stocks remain outstanding, and thus the value of the
Equity Securities in a portfolio may be expected to fluctuate over the life of
a Trust to values higher or lower than those prevailing on the Initial Date of
Deposit.

Holders of common stocks incur more risk than holders of preferred stocks and
debt obligations because common stockholders, as owners of the entity, have
generally inferior rights to receive payments from the issuer in comparison
with the rights of creditors of, or holders of debt obligations or preferred
stocks issued by, the issuer. Cumulative preferred stock dividends must be
paid before common stock dividends and any cumulative preferred stock dividend
omitted is added to future dividends payable to the holders of cumulative
preferred stock. Preferred stockholders are also generally entitled to rights
on liquidation which are senior to those of common stockholders.

Whether or not the Equity Securities are listed on a national securities
exchange, the principal trading market for the Equity Securities may be in the
over-the-counter market. As a result, the existence of a liquid trading market
for the Equity Securities may depend on whether dealers will make a market in
the Equity Securities. There can be no assurance that a market will be made
for any of the Equity Securities, that any market for the Equity Securities
will be maintained or of the liquidity of the Equity Securities in any markets
made. In addition, the Trusts may be restricted under the Investment Company
Act of 1940 from selling Equity Securities to the Sponsor. The price at which
the Equity Securities may be sold to meet redemption, and the value of a
Trust, will be adversely affected if trading markets for the Equity Securities
are limited or absent.

As described under "Fund Operating Expenses," all of the expenses of
the Trusts will be paid from the sale of the Securities in such Trust. It is
expected that such sales will be made at the end of the initial offering
period and each month thereafter through termination of the Trust. Such sales
will result in capital gains or losses (both of which will generally be
characterized for U.S. federal income tax purposes as short term capital gains
or losses) and may be made at times and prices which adversely affect the
Trust. For a discussion of the tax consequences of such sales, see "
Taxation." 

Unitholders will be unable to dispose of any of the Equity Securities in a
Trust, as such, and will not be able to vote the Equity Securities. As the
holder of the Equity Securities, the Trustee will have the right to vote all
of the voting stocks in each Trust and will vote such stocks in accordance
with the instructions of the Sponsor. In the absence of any such instructions
by the Sponsor, the Trustee will vote such stocks so as to insure that the
stocks are voted as closely as possible in the same manner and the same
general proportion as are stocks held by owners other than the Trust.

Petroleum Companies. The Trusts may include securities which are issued by
companies engaged in refining and marketing oil and related products.
According to the U.S. Department of Commerce, the factors which will most
likely shape the industry to 1996 and beyond include the price and
availability of oil from the Middle East, changes in United States
environmental policies and the continued decline in U.S. production of crude
oil. Possible effects of these factors may be increased U.S. and world
dependence on oil from the Organization of Petroleum Exporting Countries ("
OPEC" ) and highly uncertain and potentially more volatile oil prices.
Factors which the Sponsor believes may increase the profitability of oil and
petroleum operations include increasing demand for oil and petroleum products
as a result of the continued increases in annual miles driven and the
improvement in refinery operating margins caused by increases in average
domestic refinery utilization rates. The existence of surplus crude oil
production capacity and the willingness to adjust production levels are the
two principal requirements for stable crude oil markets. Without excess
capacity, supply disruptions in some countries cannot be compensated for by
others. Surplus capacity in Saudi Arabia and a few other countries and the
utilization of that capacity prevented during the Persian Gulf crisis, and
continue to prevent, severe market disruption. Although unused capacity
contributed to market stability in 1990 and 1991, it ordinarily creates
pressure to overproduce and contributes to market uncertainty. The likely
restoration of a large portion of Kuwait and Iraq's production and export
capacity over the next few years could lead to such a development in the
absence of substantial growth in world oil demand. Formerly, OPEC members
attempted to exercise control over production levels in each country through a
system of mandatory production quotas. Because of the crisis in the Middle
East, the mandatory system has since been replaced with a voluntary system.
Production under the new system has had to be curtailed on at least one
occasion as a result of weak prices, even in the absence of supplies from
Kuwait and Iraq. The pressure to deviate from mandatory quotas, if they are
reimposed, is likely to be substantial and could lead to a weakening of
prices. In the longer term, additional capacity and production will be
required to accommodate the expected large increases in world oil demand and
to compensate for expected sharp drops in U.S. crude oil production and
exports from the Soviet Union. Only a few OPEC countries, particularly Saudi
Arabia, have the petroleum reserves that will allow the required increase in
production capacity to be attained. Given the large-scale financing that is
required, the prospect that such expansion will occur enough to meet the
increased demand is uncertain.

Declining U.S. crude oil production will likely lead to increased dependence
on OPEC oil, putting refiners at risk of continued and unpredictable supply
disruptions. Increasing sensitivity to environmental concerns will also pose
serious challenges to the industry over the coming decade. Refiners are likely
to be required to make heavy capital investments and make major production
adjustments in order to comply with increasingly stringent environmental
legislation, such as the 1990 Amendments to the Clean Air Act. If the cost of
these changes is substantial enough to cut deeply into profits, smaller
refiners may be forced out of the industry entirely. Moreover, lower consumer
demand due to increases in energy efficiency and conservation, due to gasoline
reformulations that call for less crude oil, due to warmer winters or due to a
general slowdown in economic growth in this country and abroad could
negatively affect the price of oil and the profitability of oil companies. No
assurance can be given that the demand for or prices of oil will increase or
that any increases will not be marked by great volatility. Some oil companies
may incur large cleanup and litigation costs relating to oil spills and other
environmental damage. Oil production and refining operations are subject to
extensive federal, state and local environmental laws and regulations
governing air emissions and the disposal of hazardous materials. Increasingly
stringent environmental laws and regulations are expected to require companies
with oil production and refining operations to devote significant financial
and managerial resources to pollution control. General problems of the oil and
petroleum products industry include the ability of a few influential producers
significantly to affect production, the concomitant volatility of crude oil
prices and increasing public and governmental concern over air emissions,
waste product disposal, fuel quality and the environmental effects of
fossil-fuel use in general.

In addition, any future scientific advances concerning new sources of energy
and fuels or legislative changes relating to the energy industry or the
environment could have a negative impact on the petroleum products industry.
While legislation has been enacted to deregulate certain aspects of the oil
industry, no assurances can be given that new or additional regulations will
not be adopted. Each of the problems referred to could adversely affect the
financial stability of the issuers of any petroleum industry stocks in the
Trusts. The Trusts may also include securities which are issued by companies
engaged in the exploration for and mining of various minerals, including coal,
and/or the manufacture, transportation, or marketing of chemical products and
plastics. The problems faced by such companies are similar to those discussed
with regard to petroleum companies.

Other Equity Risks. Since the Equity Securities included in the United Kingdom
Trust and the Hong Kong Trust (the "Foreign Trusts" ) consist of
securities of foreign issuers, an investment in these Trusts involves certain
investment risks that are different in some respects from an investment in the
United States Trust which invests entirely in the securities of domestic
issuers. These investment risks include future political or governmental
restrictions which might adversely affect the payment or receipt of payment of
dividends on the relevant Equity Securities, the possibility that the
financial condition of the issuers of the Equity Securities may become
impaired or that the general condition of the relevant stock market may worsen
(both of which would contribute directly to a decrease in the value of the
Equity Securities and thus in the value of the Units), the limited liquidity
and relatively small market capitalization of the relevant securities market,
expropriation or confiscatory taxation, economic uncertainties and foreign
currency devaluations and fluctuations. In addition, for foreign issuers that
are not subject to the reporting requirements of the Securities Exchange Act
of 1934, there may be less publicly available information than is available
from a domestic issuer. Also, foreign issuers are not necessarily subject to
uniform accounting, auditing and financial reporting standards, practices and
requirements comparable to those applicable to domestic issuers. The
securities of many foreign issuers are less liquid and their prices more
volatile than securities of comparable domestic issuers. In addition, fixed
brokerage commissions and other transaction costs on foreign securities
exchanges are generally higher than in the United States and there is
generally less government supervision and regulation of exchanges, brokers and
issuers in foreign countries than there is in the United States. However, due
to the nature of the issuers of the Equity Securities selected for the Foreign
Trusts, the Sponsor believes that adequate information will be available to
allow the Supervisor to provide portfolio surveillance for each Trust.

Equity securities issued by non-U.S. issuers generally pay dividends in
foreign currencies and are principally traded in foreign currencies.
Therefore, there is a risk that the United States dollar value of these
securities will vary with fluctuations in the U.S. dollar foreign exchange
rates for the various Equity Securities. See "Exchange Rate" below.

On the basis of the best information available to the Sponsor at the present
time, none of the Equity Securities in either the United Kingdom or Hong Kong
Trusts are subject to exchange control restrictions under existing law which
would materially interfere with payment to the Trusts of dividends due on, or
proceeds from the sale of, the Equity Securities. However, there can be no
assurance that exchange control regulations might not be adopted in the future
which might adversely affect payment to either Trust. In addition, the
adoption of exchange control regulations and other legal restrictions could
have an adverse impact on the marketability of international securities in the
Foreign Trusts and on the ability of such Trusts to satisfy their obligation
to redeem Units tendered to the Trustee for redemption.

Investors should be aware that it may not be possible to buy all Equity
Securities at the same time because of the unavailability of any Equity
Security, and restrictions applicable to the Trusts relating to the purchase
of an Equity Security by reason of the federal securities laws or otherwise.

Foreign securities generally have not been registered under the Securities Act
of 1933 and may not be exempt from the registration requirements of such Act.
Sales of non-exempt Equity Securities by a Trust in the United States
securities markets are subject to severe restrictions and may not be
practicable. Accordingly, sales of these Equity Securities by a Trust will
generally be effected only in foreign securities markets. Although the Sponsor
does not believe that a Trust will encounter obstacles in disposing of the
Equity Securities, investors should realize that the Equity Securities may be
traded in foreign countries where the securities markets are not as developed
or efficient and may not be as liquid as those in the United States. The value
of the Equity Securities will be adversely affected if trading markets for the
Equity Securities are limited or absent.

Foreign Trust Information. The information provided below details certain
important factors which impact the economies of both the United Kingdom and
Hong Kong. This information has been extracted from various governmental and
private publications, but no representation can be made as to its accuracy;
furthermore, no representation is made that any correlation exists between the
economies of the United Kingdom and Hong Kong and the value of the Equity
Securities held by the United Kingdom and Hong Kong Trusts, respectively.

   
United Kingdom. The emphasis of United Kingdom's economy is in the private
services sector, which includes the wholesale and retail sector, banking,
finance, insurance, and tourism. Services as a whole account for a majority of
the United Kingdom's gross national product and makes a significant
contribution to the country's balance of payments. The United Kingdom
experienced a recovery of output in 1993-1994 accompanied by falling rates of
inflation despite expectations to the contrary.  Quarterly changes in real
gross domestic product in the United Kingdom grew moderately during 1994 and
1995 with an approximate .5% increase in the last quarter of 1995 over the
previous quarter.  The average quarterly rate of GDP growth in the United
Kingdom (as well as in Europe generally) has been decelerating since 1994.

The United Kingdom is a member of the European Union (the "EU" ),
formerly known as the European Economic Community (the "EEC" ). The EU
was created through the formation of the Maastricht Treaty on European Union
in late 1993. It is expected that the Treaty will have the effect of
eliminating most remaining trade barriers between the 15 member nations and
make Europe one of the largest common markets in the world. The EU has the
potential to become a powerful trade bloc with a population of over 350
million people and an annual gross national product of more than $4 trillion.
However, the effective implementation of the Treaty provisions and the rate at
which trade barriers are eliminated is uncertain at this time. Furthermore,
the rapid political and social change throughout Europe make the extent and
nature of future economic development in the United Kingdom and Europe and the
impact of such development upon the value of the Equity Securities in the
United Kingdom Trust impossible to predict. Volatility in oil prices could
slow economic development throughout Western Europe. Moreover, it is not
possible to accurately predict the effect of the current political and
economic situation upon long-term inflation and balance of trade cycles and
how these changes would affect the currency exchange rate between the U.S.
dollar and the British pound sterling.

Hong Kong. Hong Kong, established as a British colony in the 1840's, is
currently ruled by the British Government through an appointed Governor. The
Hong Kong government generally follows a laissez-faire policy towards
industry. There are no major import, export or foreign exchange restrictions.
Regulation of business is generally minimal with certain exceptions, including
regulated entry into certain sectors of the economy and a fixed exchange rate
regime by which the Hong Kong dollar has been pegged to the U.S. dollar. Over
the ten year period between 1983 and 1993, real gross domestic product
increased at an average annual rate of approximately 6%.

In December, 1984, Great Britain and China signed an agreement (the "
Sino-British Accord" ) under which Hong Kong will revert to Chinese
sovereignty effective July 1, 1997. Although China has committed by treaty to
preserve for 50 years the economic and social freedoms currently enjoyed in
Hong Kong, the continuation of the economic system in Hong Kong after the
reversion will be dependent on the Chinese government. Legislation has
recently been enacted in Hong Kong that will extend democratic voting
procedures for Hong Kong's legislature. China has expressed disagreement with
this legislation which it states is in contravention of the principles evinced
in the Basic Law of the Hong Kong SAR. The National People's Congress of China
has passed a resolution to the effect that the Legislative Council and certain
other councils and boards of the Hong Kong Government will be terminated on
June 30, 1997. It is expected that such bodies will be subsequently
reconstitued in accordance with China's interpretation of the Basic Law. China
and Great Britain have also yet to resolve their differences on other issues
relating to the reversion to sovereignty including the financing of and
construction of a new international airport on Lantau Island. Any increase in
uncertainty as to the future economic status of Hong Kong could have a
materially adverse effect on the value of the Equity Securities in the Hong
Kong Trust.

China currently enjoys a most favored nation status ("MFN Status" )
with the United States. MFN status is subject to annual review by the
President of the United States. On June 3, 1995, President Clinton signed an
executive order renewing China's MFN status for another year. Congress, which
has to review China's standing every year, renewed the MFN Status on July 20,
1995.  Revocation of the MFN Status would have a severe effect on China's
trade and thus could have a materially adverse effect on the value of the Hong
Kong Trust.
   

Securities prices on the Hong Kong Exchange and, specifically the Hang Seng
Index, can be highly volatile and are sensitive to developments in Hong Kong
and China, as well as other world markets. For example, in 1989, the Hang Seng
Index dropped 1,216 points (approximately 58%) in early June following the
events at Tiananmen Square. The Hang Seng Index gradually climbed in
subsequent months but fell by 181 points on October 13, 1989 (approximately
6.5%) following a substantial fall in the U.S. stock markets. Despite these
events, the Hang Seng 1989 year-end closing price of 2,837 was ahead of its
1988 year-end level. The Hong Kong Trust is considered to be concentrated in
common stocks of companies engaged in real estate asset management,
development, leasing, property sale and other related activities. Investment
in securities issued by these real estate companies should be made with an
understanding of the many factors which may have an adverse impact on the
equity securities of a particular company or industry. Generally, these
include economic recession, the cyclical nature of real estate markets,
competitive overbuilding, unusually adverse weather conditions, changing
demographics, changes in governmental regulations (including tax laws and
environmental, building, zoning and sales regulation), increases in real
estate taxes or costs of material and labor, the inability to secure
performance guarantees or insurance as required, the unavailability of
investment capital and the inability to obtain construction financing or
mortgage loans at rates acceptable to builders and purchasers of real estate.
With recent Chinese economic development and reform, certain Hong Kong real
estate companies and other investors began purchasing and developing real
estate in southern China. By 1992, however, southern China began to experience
a rise in real estate prices and construction costs, a growing supply of real
estate and a tightening of credit markets. Any worsening of these conditions
could affect the profitability and financial condition of Hong Kong real
estate companies and could have a materially adverse effect on the value of
the Hong Kong Trust.

Exchange Rate. The Foreign Trusts are comprised of Equity Securities that are
principally traded in foreign currencies and as such involve investment risks
that are substantially different from an investment in a fund which invests in
securities that are principally traded in United States dollars. The United
States dollar value of a portfolio (and hence of the Units) and of the
distributions from the portfolio will vary with fluctuations in the United
States dollar foreign exchange rates for the relevant currencies. Most foreign
currencies have fluctuated widely in value against the United States dollar
for many reasons, including supply and demand of the respective currency, the
rate of inflation in the respective economies compared to the United States,
the impact of interest rate differentials between different currencies on the
movement of foreign currency rates, the balance of imports and exports of
goods and services, the soundness of the world economy and the strength of the
respective economy as compared to the economies of the United States and other
countries.

The post-World War II international monetary system was, until 1973, dominated
by the Bretton Woods Treaty, which established a system of fixed exchange
rates and the convertibility of the United States dollar into gold through
foreign central banks. Starting in 1971, growing volatility in the foreign
exchange markets caused the United States to abandon gold convertibility and
to effect a small devaluation of the United States dollar. In 1973, the system
of fixed exchange rates between a number of the most important industrial
countries of the world, among them the United States and most Western European
countries, was completely abandoned. Subsequently, major industrialized
countries have adopted "floating" exchange rates, under which daily
currency valuations depend on supply and demand in a freely fluctuating
international market. Many smaller or developing countries have continued to
"peg" their currencies to the United States dollar although there has
been some interest in recent years in "pegging" currencies to "
baskets" of other currencies or to a Special Drawing Right administered by
the International Monetary Fund. Since 1983, the Hong Kong dollar has been
pegged to the U.S. dollar. In Europe a European Currency Unit ("ECU" )
has been developed. Currencies are generally traded by leading international
commercial banks and institutional investors (including corporate treasurers,
money managers, pension funds and insurance companies). From time to time,
central banks in a number of countries also are major buyers and sellers of
foreign currencies, mostly for the purpose of preventing or reducing
substantial exchange rate fluctuations.

Exchange rate fluctuations are partly dependent on a number of economic
factors including economic conditions within countries, the impact of actual
and proposed government policies on the value of currencies, interest rate
differentials between the currencies and the balance of imports and exports of
goods and services and transfers of income and capital from one country to
another. These economic factors are influenced primarily by a particular
country's monetary and fiscal policies (although the perceived political
situation in a particular country may have an influence as well--particularly
with respect to transfers of capital). Investor psychology may also be an
important determinant of currency fluctuations in the short run. Moreover,
institutional investors trying to anticipate the future relative strength or
weakness of a particular currency may sometimes exercise considerable
speculative influence on currency exchange rates by purchasing or selling
large amounts of the same currency or currencies. However, over the long term,
the currency of a country with a low rate of inflation and a favorable balance
of trade should increase in value relative to the currency of a country with a
high rate of inflation and deficits in the balance of trade. 

The following tables set forth, for the periods indicated, the range of
fluctuation concerning the equivalent U.S. dollar rates of exchange and end of
month equivalent U.S. dollar rates of exchange for the United Kingdom pound
sterling and the Hong Kong dollar:

<TABLE>
<CAPTION>
FOREIGN EXCHANGE RATES                                                                 
Range of Fluctuations in                                                               
Foreign Currencies                                                                     
Annual Period     United Kingdom Pound 
                  Sterling/U.S. Dollar           Hong Kong/U.S. Dollar   
<S>               <C>                            <C>                     
1983                       0.616-0.707              6.480-8.700
1984                       0.670-0.864              7.774-8.050
1985                       0.672-0.951              7.729-7.990
1986                       0.643-0.726              7.768-7.819
1987                       0.530-0.680              7.751-7.822
1988                       0.525-0.601              7.764-7.912
1989                       0.548-0.661              7.775-7.817
1990                       0.504-0.627              7.740-7.817
1991                       0.499-0.624              7.716-7.803
1992                       0.499-0.667              7.697-7.781
1993                       0.630-0.705              7.722-7.766
1994                       0.610-0.684              7.723-7.750
1995                       0.610-0.653              7.726-7.763
</TABLE>
Source: Bloomberg L.P.     

   
<TABLE>
<CAPTION>
End of Month Exchange Rates                     End of Month Exchange Rates
for Foreign Currencies                          for Foreign Currencies (continued)
                   United                                           United
                   Kingdom   Hong                                   Kingdom                       Hong               
Monthly Period     Pound     Kong/U.S. Dollar    Monthly Period     Pound Sterling/U.S. Dollar    Kong/U.S. Dollar   
<S>                <C>      <C>                 <C>                 <C>                           <C>                
1992                                            1994                                                                               
January               .559               7.762  January                                   .664               7.724 
February              .569               7.761  February                                  .673               7.727
March                 .576               7.740  March                                     .674               7.737
April                 .563               7.757  April                                     .659               7.725
May                   .546               7.749  May                                       .662               7.726
June                  .525               7.731  June                                      .648               7.730
July                  .519               7.732  July                                      .648               7.725
August                .503               7.729  August                                    .652               7.728
September             .563               7.724  September                                 .634               7.727
October               .641               7.736  October                                   .611               7.724
November              .659               7.742  November                                  .639               7.731
December              .662               7.744  December                                  .639               7.738
1993                                            1995                                                                               
January               .673               7.734  January                                   .633               7.732
February              .701               7.734  February                                  .631               7.730
March                 .660               7.731  March                                     .617               7.733
April                 .635               7.730  April                                     .620               7.742 
May                   .640               7.724  May                                       .630               7.735
June                  .671               7.743  June                                      .627               7.736
July                  .674               7.761  July                                      .626               7.738
August                .670               7.755  August                                    .645               7.741
September             .668               7.734  September                                 .631               7.732
October               .676               7.733  October                                   .633               7.727
November              .673               7.725  November                                  .652               7.731
December              .677               7.723  December                                  .645               7.733
                                                1996                                                                               
                                                January                                   .661               7.728
                                                February                                  .653               7.731
                                                March                                     .655               7.734
                                                April                                     .664               7.735
</TABLE>
   


Source: Bloomberg L.P. 

The Evaluator will estimate current exchange rates for the relevant currencies
based on activity in the various currency exchange markets. However, since
these markets are volatile and are constantly changing, depending on the
activity at any particular time of the large international commercial banks,
various central banks, large multi-national corporations, speculators and
other buyers and sellers of foreign currencies, and since actual foreign
currency transactions may not be instantly reported, the exchange rates
estimated by the Evaluator may not be indicative of the amount in United
States dollars a Trust would receive had the Trustee sold any particular
currency in the market. The foreign exchange transactions of a Trust will be
concluded by the Trustee with foreign exchange dealers acting as principals on
a spot (i.e., cash) buying basis. Although foreign exchange dealers trade on a
net basis, they do realize a profit based upon the difference between the
price at which they are willing to buy a particular currency (bid price) and
the price at which they are willing to sell the currency (offer price). 

TAXATION

United States Federal Taxation

General. The following is a general discussion of certain of the federal
income tax consequences of the purchase, ownership and disposition of the
Units. The summary is limited to investors who hold the Units as capital
assets (generally, property held for investment) within the meaning of Section
1221 of the Internal Revenue Code of 1986 (the "Code" ). Unitholders
should consult their tax advisers in determining the federal, state, local and
any other tax consequences of the purchase, ownership and disposition of Units
in a Trust.

The Sponsor has been advised by the Trustee that U.S. Unitholders may not be
able to obtain directly Treaty Payments (as described in "United Kingdom
Taxation" below) to which they are entitled under the U.K./U.S. Treaty but
that the U.K. Inland Revenue has approved a special procedure whereby the
Trustee can claim Treaty Payments on behalf of U.S. Unitholders of the United
Kingdom Trust and distribute those payments to Unitholders. To the extent the
Trustee obtains Treaty Payments, U.S. Unitholders will report as gross income
earned their pro rata portion of dividends received by the United Kingdom
Trust as well as the amount of the associated tax credit. Because, under the
grantor trust rules, an investor is deemed to have paid directly his share of
foreign tax credits that have been paid or accrued, if any, an investor may be
entitled to a foreign tax credit or deduction for United States tax purposes
with respect to such taxes. Investors should consult their tax advisers with
respect to foreign withholding taxes and foreign tax credits.

In the opinion of Chapman and Cutler, special counsel for the Sponsor, under
existing law:

1. Each Trust is not an association taxable as a corporation for federal
income tax purposes; each Unitholder will be treated as the owner of a pro
rata portion of each of the assets of a Trust under the Code; and the income
of each Trust will be treated as income of the Unitholders thereof under the
Code. Each Unitholder will be considered to have received his pro rata share
of income derived from each Security when such income is considered to be
received by a Trust.

2. A Unitholder will be considered to have received all of the dividends paid
on his pro rata portion of each Equity Security when such dividends are
received by a Trust regardless of whether such dividends are used to pay a
portion of the deferred sales charge. Unitholders will be taxed in this manner
regardless of whether distributions from a Trust are actually received by the
Unitholder or are automatically reinvested (see "Rights of
Unitholders--Reinvestment Option" ).

3. Each Unitholder will have a taxable event when a Trust disposes of a
Security (whether by sale, exchange, liquidation, redemption, or otherwise) or
upon the sale or redemption of Units by such Unitholder (except to the extent
an in kind distribution of stock is received by such Unitholder from a Trust
as described below). The price a Unitholder pays for his Units generally,
including sales charges, is allocated among his pro rata portion of each
Security held by a Trust (in proportion to the fair market values thereof on
the valuation date closest to the date the Unitholder purchases his Units) in
order to determine his tax basis for his pro rata portion of each Security
held by a Trust. For federal income tax purposes, a Unitholder's pro rata
portion of dividends as defined by Section 316 of the Code paid with respect
to a Security held by a Trust is taxable as ordinary income to the extent of
such corporation's current and accumulated "earnings and profits" . A
Unitholder's pro rata portion of dividends paid on such Security which exceed
such current and accumulated earnings and profits will first reduce a
Unitholder's tax basis in such Security, and to the extent that such dividends
exceed a Unitholder's tax basis in such Security shall generally be treated as
capital gain. In general, any such capital gain will be short-term unless a
Unitholder has held his Units for more than one year.

4. A Unitholder's portion of gain, if any, upon the sale or redemption of
Units or the disposition of Securities held by a Trust will generally be
considered a capital gain except in the case of a dealer or a financial
institution and, will generally be long-term if the Unitholder has held his
Units for more than one year (the date on which the Units are acquired (i.e.,
the "trade date" ) is excluded for purposes of determining whether the
Units have been held for more than one year). A Unitholder's portion of loss,
if any, upon the sale or redemption of Units or the disposition of Securities
held by a Trust will generally be considered a capital loss (except in the
case of a dealer or a financial institution) and, in general, will be
long-term if the Unitholder has held his Units for more than one year.
Unitholders should consult their tax advisers regarding the recognition of
gains and losses for federal income tax purposes. In particular, a Rollover
Unitholder should be aware that a Rollover Unitholder's loss, if any, incurred
in connection with the exchange of Units for units in the next new series of
the Strategic Ten Trust or Strategic Five Trust (the "1997 Fund" ) will
generally be disallowed with respect to the disposition of any Securities
pursuant to such exchange to the extent that such Unitholder is considered the
owner of substantially identical securities under the wash sale provisions of
the Code taking into account such Unitholder's deemed ownership of the
securities underlying the Units in the 1997 Fund in the manner described
above, if such substantially identical securities were acquired within a
period beginning 30 days before and ending 30 days after such disposition.
However, any gains incurred in connection with such an exchange by a Rollover
Unitholder would be recognized.

Deferred Sales Charge. Generally, the tax basis of a Unitholder includes sales
charges, and such charges are not deductible. A portion of the sales charge
for the Trusts is deferred. It is possible that for federal income tax
purposes a portion of the deferred sales charge may be treated as interest
which would be deductible by a Unitholder subject to limitations on the
deduction of investment interest. In such a case, the non-interest portion of
the deferred sales charge would be added to the Unitholder's tax basis in his
Units. The deferred sales charge could cause the Unitholder's Units to be
considered to be debt-financed under Section 246A of the Code which would
result in a small reduction of the dividends-received deduction. In any case,
the income (or proceeds from redemption) a Unitholder must take into account
for federal income tax purposes is not reduced by amounts deducted to pay the
deferred sales charge. Unitholders should consult their own tax advisers as to
the income tax consequences of the deferred sales charge.

Dividends Received Deduction. A corporation that owns Units will generally be
entitled to a 70% dividends received deduction with respect to such
Unitholder's pro rata portion of dividends received by a Trust (to the extent
such dividends are taxable as ordinary income, as discussed above, and are
attributable to domestic corporations) in the same manner as if such
corporation directly owned the Securities paying such dividends (other than
corporate shareholders, such as "S" corporations, which are not
eligible for the deduction because of their special characteristics and other
than for purposes of special taxes such as the accumulated earnings tax and
the personal holding corporation tax). However, a corporation owning Units
should be aware that Sections 246 and 246A of the Code impose additional
limitations on the eligibility of dividends for the 70% dividends received
deduction. These limitations include a requirement that stock (and therefore
Units) must generally be held at least 46 days (as determined under Section
246(c) of the Code). Final regulations have been recently issued which address
special rules that must be considered in determining whether the 46 day
holding period requirement is met. Moreover, the allowable percentage of the
deduction will be reduced from 70% if a corporate Unitholder owns certain
stock (or Units) the financing of which is directly attributable to
indebtedness incurred by such corporation. It should be noted that various
legislative proposals that would affect the dividends received deduction have
been introduced. Unitholders should consult with their tax advisers with
respect to the limitations on and possible modifications to the dividends
received deduction.

To the extent dividends received by a Trust are attributable to foreign
corporations, a corporation that owns Units will not be entitled to the
dividends received deduction with respect to its pro rata portion of such
dividends, since the dividends received deduction is generally available only
with respect to dividends paid by domestic corporations.

Limitations on Deductibility of Trust Expenses by Unitholders. Each
Unitholder's pro rata share of each expense paid by the Trust is deductible by
the Unitholder to the same extent as though the expense had been paid directly
by him. It should be noted that as a result of the Tax Reform Act of 1986,
certain miscellaneous itemized deductions, such as investment expenses, tax
return preparation fees and employee business expenses will be deductible by
an individual only to the extent they exceed 2% of such individual's adjusted
gross income. Unitholders may be required to treat some or all of the expenses
of the Trust as miscellaneous itemized deductions subject to this limitation.

Recognition of Taxable Gain or Loss Upon Disposition of Securities by a Trust
or Disposition of Units. As discussed above, a Unitholder may recognize
taxable gain (or loss) when a Security is disposed of by a Trust or if the
Unitholder disposes of a Unit (although losses incurred by Rollover
Unitholders may be subject to disallowance, as discussed above). For taxpayers
other than corporations, net capital gains are subject to a maximum marginal
stated tax rate of 28%. However, it should be noted that legislative proposals
are introduced from time to time that affect tax rates and could affect
relative differences at which ordinary income and capital gains are taxed.

"The Revenue Reconciliation Act of 1993" (the "Tax Act" )
raised tax rates on ordinary income while capital gains remain subject to a
28% maximum stated rate for taxpayers other than corporations. Because some or
all capital gains are taxed at a comparatively lower rate under the Tax Act,
the Tax Act includes a provision that recharacterizes capital gains as
ordinary income in the case of certain financial transactions that are "
conversion transactions" effective for transactions entered into after
April 30, 1993. Unitholders and prospective investors should consult with
their tax advisers regarding the potential effect of this provision on their
investment in Units.

If a Unitholder disposes of a Unit he is deemed thereby to have disposed of
his entire pro rata interest in all assets of the Trust involved including his
pro rata portion of all Securities represented by a Unit.

Special Tax Consequences of In Kind Distributions Upon Redemption of Units or
Termination of a United States Trust. As discussed in "Rights of
Unitholders--Redemption of Units," under certain circumstances a
Unitholder in a United States Trust tendering Units for redemption may request
an In Kind Distribution. A Unitholder in a United States Trust may also under
certain circumstances request an In Kind Distribution upon the termination of
such Trust. See "Rights of Unitholders--Redemption of Units" . The
Unitholder requesting an In Kind Distribution will be liable for expenses
related thereto (the "Distribution Expenses" ) and the amount of such
In Kind Distribution will be reduced by the amount of the Distribution
Expenses. See "Rights of Unitholders--Redemption of Units" . As
previously discussed, prior to the redemption of Units or the termination of
such Trust, a Unitholder is considered as owning a pro rata portion of each of
such Trust assets for federal income tax purposes. The receipt of an In Kind
Distribution will result in a United States Trust Unitholder receiving an
undivided interest in whole shares of stock plus, possibly, cash.

The potential tax consequences that may occur under an In Kind Distribution
with respect to each Security owned by a United States Trust will depend on
whether or not a Unitholder receives cash in addition to Securities. A "
Security" for this purpose is a particular class of stock issued by a
particular corporation. A Unitholder will not recognize gain or loss if a
Unitholder only receives Securities in exchange for his or her pro rata
portion in the Securities held by the Trust. However, if a Unitholder also
receives cash in exchange for a fractional share of a Security held by the
Trust, such Unitholder will generally recognize gain or loss based upon the
difference between the amount of cash received by the Unitholder and his tax
basis in such fractional share of a Security held by the Trust.

Because each United States Trust will own many Securities, a Unitholder who
requests an In Kind Distribution will have to analyze the tax consequences
with respect to each Security owned by such United States Trust. The amount of
taxable gain (or loss) recognized upon such exchange will generally equal the
sum of the gain (or loss) recognized under the rules described above by such
Unitholder with respect to each Security owned by such Trust. Unitholders who
request an In Kind Distribution are advised to consult their tax advisers in
this regard. 

As discussed in "Rights of Unitholders--Special Redemption and Rollover in
New Fund," a Unitholder may elect to become a Rollover Unitholder. To the
extent a Rollover Unitholder exchanges his Units for Units of the 1997 Fund in
a taxable transaction, such Unitholder will recognize gains, if any, but
generally will not be entitled to a deduction for any losses recognized upon
the disposition of any Securities pursuant to such exchange to the extent that
such Unitholder is considered the owner of substantially identical securities
under the wash sale provisions of the Code taking into account such
Unitholder's deemed ownership of the securities underlying the Units in the
1997 Fund in the manner described above, if such substantially identical
securities were acquired within a period beginning 30 days before and ending
30 days after such disposition under the wash sale provisions contained in
Section 1091 of the Code. In the event a loss is disallowed under the wash
sale provisions, special rules contained in Section 1091(d) of the Code apply
to determine the Unitholder's tax basis in the securities acquired. Rollover
Unitholders are advised to consult their tax advisers. 

Computation of the Unitholder's Tax Basis. Initially, a Unitholder's tax basis
in his Units will generally equal the price paid by such Unitholder for his
Units. The cost of the Units is allocated among the Securities held in the
Trust in accordance with the proportion of the fair market values of such
Securities on the valuation date nearest the date the Units are purchased in
order to determine such Unitholder's tax basis for his pro rata portion of
each Security.

A Unitholder's tax basis in his Units and his pro rata portion of a Security
held by the Trust will be reduced to the extent dividends paid with respect to
such Security are received by the Trust which are not taxable as ordinary
income as described above.

Other Matters. Each Unitholder will be requested to provide the Unitholder's
taxpayer identification number to the Trustee and to certify that the
Unitholder has not been notified that payments to the Unitholder are subject
to back-up withholding. If the proper taxpayer identification number and
appropriate certification are not provided when requested, distributions by a
Trust to such Unitholder (including amounts received upon the redemption of
Units) will be subject to back-up withholding. Distributions by a Trust (other
than those that are not treated as United States source income, if any) will
generally be subject to United States income taxation and withholding in the
case of Units held by non-resident alien individuals, foreign corporations or
other non-United States persons. Such persons should consult their tax
advisers. On December 7, 1995 the U.S. Treasury Department 
released proposed legislation that, if adopted, could affect the United 
States Federal income taxation of such non-United States Unitholders and the 
portion of the Trust's income allocable to non-United States Unitholders. 
Similar language, which would be effective on the date of enactment, was 
included in the Health Insurance Reform Bill passed by the U.S. Senate 
on April 23, 1996.

In general, income that is not effectively connected to the conduct of a trade
or business within the United States that is earned by non-U.S. Unitholders
and derived from dividends of foreign corporations will not be subject to U.S.
withholding tax provided that less than 25 percent of the gross income of the
foreign corporation for a three-year period ending with the close of its
taxable year preceding payment was not effectively connected to the conduct of
a trade and business within the United States. In addition, such earnings may
be exempt from U.S. withholding pursuant to a specific treaty between the
United States and a foreign country. Non-U.S. Unitholders should consult their
own tax advisers regarding the imposition of U.S. withholding on distributions
from a Trust.

It should be noted that payments to the Trusts of dividends on Securities that
are attributable to foreign corporations may be subject to foreign withholding
taxes and Unitholders should consult their tax advisers regarding the
potential tax consequences relating to the payment of any such withholding
taxes by the Trusts. Any dividends withheld as a result thereof will
nevertheless be treated as income to the Unitholders. Because, under the
grantor trust rules, an investor is deemed to have paid directly his share of
foreign taxes that have been paid or accrued, if any, an investor may be
entitled to a foreign tax credit or deduction for United States tax purposes
with respect to such taxes. Investors should consult their tax advisers with
respect to foreign withholding taxes and foreign tax credits.

At the termination of a Trust, the Trustee will furnish to each Unitholder of
such Trust a statement containing information relating to the dividends
received by such Trust on the Securities, the gross proceeds received by such
Trust from the disposition of any Security (resulting from redemption or the
sale of any Security), and the fees and expenses paid by such Trust. The
Trustee will also furnish annual information returns to Unitholders and to the
Internal Revenue Service.

Unitholders desiring to purchase Units for tax-deferred plans and IRAs should
consult their broker-dealers for details on establishing such accounts. Units
may also be purchased by persons who already have self-directed plans
established. 

In the opinion of Kroll & Tract, special counsel to the Fund for New York tax
matters, each Trust is not an association taxable as a corporation and the
income of the Trusts will be treated as the income of the Unitholders under
the existing income tax laws of the State and City of New York.

The foregoing discussion relates only to the tax treatment of U.S. Unitholders
("U.S. Unitholders" ) with regard to federal and certain aspects of New
York State and City income taxes. Unitholders may be subject to taxation in
New York or in other jurisdictions and should consult their own tax advisers
in this regard. As used herein, the term "U.S. Unitholder" means an
owner of a Unit in one of the Trusts that (a) is (i) for United States federal
income tax purposes a citizen or resident of the United States, (ii) a
corporation, partnership or other entity created or organized in or under the
laws of the United States or of any political subdivision thereof, or (iii) an
estate or trust the income of which is subject to United States federal income
taxation regardless of its source or (b) does not qualify as a U.S. Unitholder
in paragraph (a) but whose income from a Unit is effectively connected with
such Unitholder's conduct of a United States trade or business. The term also
includes certain former citizens of the United States whose income and gain on
the Units will be taxable.

United Kingdom Taxation

   
Tax Consequences of Ownership of Ordinary Shares. In the opinion of Linklaters
& Paines, United Kingdom special counsel to the Sponsor, based on the terms of
the United Kingdom Trust as described in the Prospectus and on certain
representations made by special U.S. counsel to the Sponsor, the following
summary accurately describes the U.K. tax consequences to certain U.S.
Unitholders who beneficially hold Units of the United Kingdom Trust as capital
assets. This summary is based upon current U.S. law, U.K. taxation law and
Inland Revenue practice in the U.K., the U.S./U.K. convention relating to
taxes on income and capital gains ("the Treaty" ), and the U.S./U.K. 
convention relating to estate and gift taxes (the "Estate Tax Treaty" ). The
summary is a general guide only and is subject to any changes in U.K. or U.S.
law, or the practice relating thereto and in the Treaty or Estate Tax Treaty
occurring after the date of this Prospectus which may affect (including
possibly on a retroactive basis) the tax consequences described herein.
Accordingly, Unitholders should consult their own tax advisers as to the U.K.
tax consequences applicable to their particular circumstances of ownership of
the Units of the United Kingdom Trust.
   

Taxation of Dividends. Where a U.K. resident receives a dividend from a U.K.
corporation (other than a foreign income dividend (see below)), such resident
is generally entitled to a tax credit, which may be offset against such
resident's U.K. taxes, or, in certain circumstances, repaid. Under the Treaty,
a U.S. Unitholder, who is resident in the U.S. for the purposes of the Treaty,
may, in appropriate circumstances, be entitled to a repayment of that tax
credit, but any such repayment is subject to U.K. withholding tax at the rate
of 15% of the sum of the dividend and the credit. The tax credit, before such
withholding, is equal to one quarter of the dividend (the "Tax Credit
Amount" ). Although such a U.S. Unitholder who is resident in the U.S. for
the purposes of the Treaty and who held shares directly in a corporation
resident in the U.K. for the purposes of the Treaty, could generally claim a
refund of a portion of the Tax Credit Amount attributable to the dividend (a
"Treaty Payment" ) pursuant to the terms of the Treaty, the ability of
a U.S. Unitholder of Units in the United Kingdom Trust to claim such a Treaty
Payment is unclear where dividend payments are made directly to an entity such
as the United Kingdom Trust. Any claim for such a Treaty Payment would have to
be supported by evidence of such U.S. Unitholder's entitlement to the relevant
dividend. There is no established procedure for proving such entitlement where
the U.K. corporation pays the dividend to a person such as the United Kingdom
Trust unless a specific procedure is negotiated in advance with the U.K.
Inland Revenue. In the absence of agreeing such a special procedure,
Unitholders who are U.S. Persons should note that they may not in practice be
able to claim a Treaty Payment from the U.K. Inland Revenue.

Certain U.K. corporations which themselves receive income from other
jurisdictions which is subject to withholding of tax at source may elect to
pay some or all of their distributions as foreign income dividends. If a
company the shares of which are held in the United Kingdom Trust pays a
foreign income dividend, no tax credit will be attributable to such dividend.
Accordingly, a U.S. Unitholder would not be entitled to any repayment of a tax
credit under the Treaty.

Taxation of Capital Gains. U.S. Unitholders who are not resident nor
ordinarily resident for tax purposes in the U.K. will not be liable for U.K.
tax on capital gains realized on the disposal of their Units unless such Units
are used, held or acquired for the purposes of a trade, profession or vocation
carried on in the U.K. through a branch or agency or for the purposes of such
branch or agency.

U.K. Inheritance Tax. An individual Unitholder who is domiciled in the U.S.
for the purposes of the Estate Tax Treaty and who is not a national of the
U.K. for the purposes of the Estate Tax Treaty will generally not be subject
to U.K. inheritance tax in respect of Units in the United Kingdom Trust on the
individual's death or on a gift or other non-arm's length transfer of such
Units during the individual's lifetime provided that any applicable U.S.
federal gift or estate tax liability is paid, unless the Units are part of the
business property of a permanent establishment of the individual in the U.K.
or pertain to a fixed base in the U.K. used by an individual for the
performance of independent personal services. Where the Units have been placed
in trust by a settlor, the Units will generally not be subject to U.K.
inheritance tax if the settlor, at the time of settlement, was domiciled in
the U.S. for the purposes of the Estate Tax Treaty and was not a U.K.
national, provided that any applicable U.S. federal gift or estate tax
liability is paid. In the exceptional case where the Units are subject both to
U.K. inheritance tax and to U.S. federal gift or estate tax, the Estate Tax
Treaty generally provides for the tax paid in the U.K. to be credited against
tax paid in the U.S. or for tax paid in the U.S. to be credited against tax
payable in the U.K. based on priority rules set out in that Treaty.

Stamp Tax. In connection with a transfer of Securities in the United Kingdom
Trust, there is generally imposed a U.K. stamp duty or stamp duty reserve tax
payable upon transfer, which tax is usually imposed on the purchaser of such
Securities. Upon acquisition of the Securities in the United Kingdom Trust,
the Trust paid such tax. It is anticipated that upon the sale of such
Securities such tax will be paid by the purchaser thereof and not by the
United Kingdom Trust.

Hong Kong Taxation

The Sponsor has been advised that the following summary accurately describes
the Hong Kong tax consequences under existing law to U.S. Unitholders of Units
of the Hong Kong Trust. This discussion is for general purposes only and
assumes that such Unitholder is not carrying on a trade, profession or
business in Hong Kong and has no profits sourced in Hong Kong arising from the
carrying on of such trade, profession or business. Unitholders should consult
their tax advisers as to the Hong Kong tax consequences of ownership of the
Units of the Hong Kong Trust applicable to their particular circumstances.

Taxation of Dividends. Amounts in respect of dividends paid to Unitholders of
the Hong Kong Trust are not taxable and therefore will not be subject to the
deduction of any withholding tax.

Profits Tax. A Unitholder of the Hong Kong Trust (other than a person carrying
on a trade, profession or business in Hong Kong) will not be subject to
profits tax on any gain or profits made on the realization or other disposal
of his units.

Hong Kong Estate Duty. Units of the Hong Kong Trust will not give rise to a
liability to Hong Kong estate duty.

FUND OPERATING EXPENSES 

Compensation of Sponsor and Evaluator. The Sponsor will not receive any fees
in connection with its activities relating to the Fund. However, Van Kampen
American Capital Investment Advisory Corp., which is an affiliate of the
Sponsor, will receive an annual supervisory fee, which is not to exceed the
amount set forth under "Summary of Essential Financial Information" ,
for providing portfolio supervisory services for the Fund. Such fee (which is
based on the number of Units of each Trust outstanding on January 1 of each
year except during the initial offering period in which event the calculation
is based on the number of Units of each Trust outstanding at the end of the
month of such calculation) may exceed the actual costs of providing such
supervisory services for these Trusts, but at no time will the total amount
received for portfolio supervisory services rendered to Series 2 and
subsequent series of Van Kampen Merritt Equity Opportunity Trust or its
successors (Van Kampen American Capital Equity Opportunity Trust) and to any
other unit investment trusts sponsored by the Sponsor for which the Supervisor
provides portfolio supervisory services in any calendar year exceed the
aggregate cost to the Supervisor of supplying such services in such year. In
addition, American Portfolio Evaluation Services, which is a division of Van
Kampen American Capital Investment Advisory Corp., shall receive for regularly
providing evaluation services to the Fund the annual per Unit evaluation fee
set forth under "Summary of Essential Financial Information" (which is
based on the number of Units of each Trust outstanding on January 1 of each
year for which such compensation relates except during the initial offering
period in which event the calculation is based on the number of Units of each
Trust outstanding at the end of the month of such calculation) for regularly
evaluating the Fund portfolios. The foregoing fees are payable as described
under "General" below. Both of the foregoing fees may be increased
without approval of the Unitholders by amounts not exceeding proportionate
increases under the category "All Services Less Rent of Shelter" in
the Consumer Price Index published by the United States Department of Labor
or, if such category is no longer published, in a comparable category. The
Sponsor will receive sales commissions and may realize other profits (or
losses) in connection with the sale of Units and the deposit of the Securities
as described under "Public Offering--Sponsor and Other Compensation" .

Trustee's Fee. For its services the Trustee will receive the annual per Unit
fee from each Trust set forth under "Summary of Essential Financial
Information" (which is based on the number of Units of each Trust
outstanding at the end of the month of such calculation until July 6, 1996 at
which time such calculation is based on the number of Units of each Trust
outstanding on such date) and in connection with the Foreign Trusts the
additional amounts set forth in footnote (7) in the "Summary of Essential
Financial Information" . The Trustee's fees are payable as described under
"General" below. The Trustee benefits to the extent there are funds
for future distributions, payment of expenses and redemptions in the Capital
and Income Accounts since these Accounts are non-interest bearing and the
amounts earned by the Trustee are retained by the Trustee. Part of the
Trustee's compensation for its services to each Trust is expected to result
from the use of these funds. Such fees may be increased without approval of
the Unitholders by amounts not exceeding proportionate increases under the
category "All Services Less Rent of Shelter" in the Consumer Price
Index published by the United States Department of Labor or, if such category
is no longer published, in a comparable category. For a discussion of the
services rendered by the Trustee pursuant to its obligations under the Trust
Agreement, see "Rights of Unitholders--Reports Provided" and "Fund
Administration" . 

Miscellaneous Expenses. Expenses incurred in establishing each Trust,
including the cost of the initial preparation of documents relating to such
Trust (including the Prospectus, Trust Agreement and closing documents),
federal and state registration fees, the initial fees and expenses of the
Trustee, legal and accounting expenses, payment of closing fees and any other
out-of-pocket expenses, will be paid by such Trust and amortized over the life
of such Trust. The following additional charges are or may be incurred by a
Trust: (a) normal expenses (including the cost of mailing reports to
Unitholders) incurred in connection with the operation of such Trust, (b) fees
of the Trustee for extraordinary services, (c) expenses of the Trustee
(including legal and auditing expenses) and of counsel designated by the
Sponsor, (d) various governmental charges, (e) expenses and costs of any
action taken by the Trustee to protect a Trust and the rights and interests of
Unitholders, (f) indemnification of the Trustee for any loss, liability or
expenses incurred in the administration of a Trust without negligence, bad
faith or wilful misconduct on its part, (g) foreign custodial and transaction
fees and (h) expenditures incurred in contacting Unitholders upon termination
of a Trust. The expenses set forth herein are payable as described under "
General" below.

General. During the initial offering period of each Trust, all of the fees and
expenses of such Trust will accrue on a daily basis and will be charged to
such Trust, in arrears, at the end of the initial offering period. After the
initial offering period, all of the fees and expenses of each Trust will
accrue on a daily basis and will be charged to such Trust, in arrears, on a
monthly basis on or before the twenty-fifth day of each month. The fees and
expenses are payable out of the Capital Account of the related Trust. When
such fees and expenses are paid by or owing to the Trustee, they are secured
by a lien on the related Trust's portfolio. It is expected that the balance in
the Capital Account of each Trust will be insufficient to provide for amounts
payable by the related Trust, and that Equity Securities will be sold from
such Trust to pay such amounts. These sales will result in capital gains or
losses to Unitholders. See "Taxation" and "Risk Factors" .

PUBLIC OFFERING 

   
General. Units are offered at the Public Offering Price. During the initial
offering period and for secondary market transactions after the initial
offering period the Public Offering Price is based on the aggregate underlying
value of the Securities in each Trust's portfolio, the initial sales charge
described below, and cash, if any, in the Income and Capital Accounts held or
owned by such Trust. The initial sales charge is equal to the difference
between the maximum total sales charge for a Trust (2.9% and 2.7% of the
Public Offering Price for the Strategic Ten and Strategic Five Trusts,
respectively) and the maximum deferred sales charge ($0.19 per Unit). The
monthly deferred sales charge ($0.019 per Unit) will begin accruing on a daily
basis on July 7, 1996 and will continue to accrue through May 6, 1997. The
monthly deferred sales charge will be charged to each Trust, in arrears,
commencing August 7, 1996 and will be charged on the 7th day of each month
thereafter through May 7, 1997. Unitholders will be assessed that portion of
the deferred sales charge accrued from the time they became Unitholders of
record. Units purchased subsequent to the initial deferred sales charge
payment will be subject to only that portion of the deferred sales charge
payments not yet collected. This deferred sales charge will be paid from funds
in the Capital Account, if sufficient, or from the periodic sale of
Securities. The total maximum sales charge assessed to Unitholders on a per
Unit basis will be 2.90% and 2.70% of the Public Offering Price for the
Strategic Ten and Strategic Five Trusts, respectively (2.987% and 2.775% of
the aggregate value of the Securities in such Trusts less the deferred sales
charge). In the case of the Foreign Trusts, such underlying value is based on
the aggregate value of the Securities computed on the basis of the offering
side value of the relevant currency exchange rate expressed in U.S. dollars as
of the Evaluation Time during the initial offering period and on the bid side
value for secondary market transactions and in each case includes the
estimated costs of acquiring or liquidating the Securities, as the case may
be. The initial sales charge applicable to quantity purchases is reduced on a
graduated basis to any person acquiring 2,500 or more Units as follows: 
   

<TABLE>
<CAPTION>
Aggregate Number of                                                               
Units Purchased         Percentage of Sales Charge  Reduction Per Unit            
<S>                      <C>                                                      
2,500-4,999              0.15%                                                    
5,000-9,999              0.30                                                     
10,000-24,999            0.65                                                     
25,000 or more           0.90                                                     
</TABLE>

The sales charge reduction will primarily be the responsibility of the selling
broker, dealer or agent. This reduced sales charge structure will apply on all
purchases by the same person from any one dealer of units of Van Kampen
American Capital-sponsored unit investment trusts which are being offered in
the initial offering period (a) on any one day (the "Initial Purchase
Date" ) or (b) on any day subsequent to the Initial Purchase Date if (1)
the units purchased are of a unit investment trust purchased on the Initial
Purchase Date, and (2) the person purchasing the units purchased a sufficient
amount of units on the Initial Purchase Date to qualify for a reduced sales
charge on such date. In the event units of more than one trust are purchased
on the Initial Purchase Date, the aggregate dollar amount of such purchases
will be used to determine whether purchasers are eligible for a reduced sales
charge. Such aggregate dollar amount will be divided by the public offering
price per unit (on the day preceding the date of purchase) of each respective
trust purchased to determine the total number of units which such amount could
have purchased of each individual trust. Purchasers must then consult the
applicable trust's prospectus to determine whether the total number of units
which could have been purchased of a specific trust would have qualified for a
reduced sales charge and, if so qualified, the amount of such reduction.
Assuming a purchaser qualified for a sales charge reduction or reductions, to
determine the applicable sales charge reduction or reductions it is necessary
to accumulate all purchases made on the Initial Purchase Date and all
purchases made in accordance with (b) above. Units purchased in the name of
the spouse of a purchaser or in the name of a child of such purchaser under 21
years of age will be deemed for the purposes of calculating the applicable
sales charge to be additional purchases by the purchaser. The reduced sales
charges will also be applicable to a trustee or other fiduciary purchasing
securities for one or more trust estate or fiduciary accounts. 

Units may be purchased in the primary or secondary market at the Public
Offering Price (for purchases which do not qualify for a sales charge
reduction for quantity purchases) less the concession the Sponsor typically
allows to brokers and dealers for purchases (see "Public Offering--Unit
Distribution" ) by (1) investors who purchase Units through registered
investment advisers, certified financial planners and registered
broker-dealers who in each case either charge periodic fees for financial
planning, investment advisory or asset management service, or provide such
services in connection with the establishment of an investment account for
which a comprehensive "wrap fee" charge is imposed, (2) bank trust
departments investing funds over which they exercise exclusive discretionary
investment authority and that are held in a fiduciary, agency, custodial or
similar capacity, (3) any person who for at least 90 days, has been an
officer, director or bona fide employee of any firm offering Units for sale to
investors or their immediate family members (as described above) and (4)
officers and directors of bank holding companies that make Units available
directly or through subsidiaries or bank affiliates. Notwithstanding anything
to the contrary in this Prospectus, such investors, bank trust departments,
firm employees and bank holding company officers and directors who purchase
Units through this program will not receive sales charge reductions for
quantity purchases.

During the initial offering period, unitholders of any Van Kampen American
Capital-sponsored unit investment trust may utilize their redemption or
termination proceeds to purchase Units of a Strategic Ten or Strategic Five
Trust subject to a reduced sales charge of 1.9% of the Public Offering Price
(all of which will be deferred as provided herein).

During the initial offering period of the Trusts, unitholders of unaffiliated
unit investment trusts having an investment strategy similar to the investment
strategy of the Strategic Ten or Strategic Five Trusts may utilize proceeds
received upon termination or upon redemption immediately preceding termination
of such unaffiliated trust to purchase Units of a Strategic Ten or Strategic
Five Trust subject to a sales charge of 1.9% of the Public Offering Price (all
of which will be deferred as provided herein).

Employees of Van Kampen American Capital Distributors, Inc. and its
subsidiaries may purchase Units of a Trust at the current Public Offering
Price less the underwriting commission or the dealer's concession in the
absence of an underwriting commission. Registered representatives of selling
brokers, dealers, or agents may purchase Units of a Trust at the current
Public Offering Price less the dealer's concession during the initial offering
period and for secondary market transactions.

Offering Price. The Public Offering Price of the Units will vary from the
amounts stated under "Summary of Essential Financial Information" in
accordance with fluctuations in the prices of the underlying Securities in the
Trusts. In the case of the Foreign Trusts, the Public Offering Price per Unit
is based on the aggregate value of the Securities computed on the basis of the
offering side or bid side value of the relevant currency exchange rate
expressed in U.S. dollars during the initial offering period or secondary
market, respectively, and in each case includes the estimated costs of
acquiring or liquidating the Securities.

As indicated above, the price of the Units was established by adding to the
determination of the aggregate underlying value of the Securities in each
Trust an amount equal to the difference between the maximum total sales charge
for a Trust and the maximum deferred sales charge for a Trust and dividing the
sum so obtained by the number of Units in each Trust outstanding. In addition,
the Public Offering Price shall include the proportionate share of any cash
held in the Income and Capital Accounts in each Trust. Such price
determination as of the close of the relevant stock market on May 6, 1996 (for
the United States Trusts) and May 7, 1996 (for the Foreign Trusts) was made on
the basis of an evaluation of the Securities in the Trusts prepared by
Interactive Data Corporation, a firm regularly engaged in the business of
evaluating, quoting or appraising comparable securities. Thereafter, the
Evaluator on each business day will appraise or cause to be appraised the
value of the underlying Securities in the applicable Trust as of the relevant
Evaluation Time and will adjust the Public Offering Price of the Units
commensurate with such valuation. Such Public Offering Price will be effective
for all orders received prior to the Evaluation Time on each such day. Orders
received by the Trustee or Sponsor for purchases, sales or redemptions after
that time, or on a day which is not a business day for the related Trust, will
be held until the next determination of price. The term "business day" 
, as used herein and under "Rights of Unitholders--Redemption of Units" 
, shall exclude Saturdays, Sundays and the following holidays as observed by
the New York Stock Exchange, Inc.: New Year's Day, President's Day, Good
Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas
Day. In addition, for the United Kingdom Trust, "business day" shall
exclude the following U.K. holidays: Easter Monday, Bank Holiday, Spring Bank
Holiday, Summer Bank Holiday, and Boxing Day, and for the Hong Kong Trust "
business day" shall exclude the following Hong Kong holidays: Lunar New
Year's Day and the two following days, Ching Ming Festival, Easter Monday, 
Queen's Birthday Holiday, Tuen Ng Festival, Summer Bank Holiday, 
Liberation Day, Chinese Mid-Autumn Festival and the following day, 
Chang Yeung Festival Holiday, Christmas Day and the following weekday. 
Unitholders who purchase Units subsequent to the Initial Date of Deposit 
will pay an initial sales charge equal to the difference between the maximum 
total sales charge of 2.9% of and 2.7% the Public Offering Price for the 
Strategic Ten and Strategic Five Trusts, respectively, and the maximum 
deferred sales charge ($0.19 per Unit) and will be assessed a deferred 
sales charge of $0.019 per Unit on each of the remaining deferred sales 
charge payment dates as set forth in "Public Offering--General" . 
The Sponsor currently does not intend to maintain a secondary market 
after November 6, 1996.

The aggregate underlying value of the Equity Securities during the initial
offering period is determined on each business day by the Evaluator in the
following manner: if the Equity Securities are listed on a national securities
exchange, this evaluation is generally based on the closing sale prices on
that exchange (unless it is determined that these prices are inappropriate as
a basis for valuation) or, if there is no closing sale price on that exchange,
at the closing ask prices. If the Equity Securities are not so listed or, if
so listed and the principal market therefore is other than on the exchange,
the evaluation shall generally be based on the current ask price on the
over-the-counter market (unless it is determined that these prices are
inappropriate as a basis for evaluation). If current ask prices are
unavailable, the evaluation is generally determined (a) on the basis of
current ask prices for comparable securities, (b) by appraising the value of
the Equity Securities on the ask side of the market or (c) by any combination
of the above. In the case of the Foreign Trusts, the value of the Equity
Securities during the initial offering period is based on the aggregate
underlying value of the Securities computed on the basis of the offering side
value of the relevant currency exchange rate expressed in U.S. dollars as of
the Evaluation Time and includes the costs of acquiring the Securities.

In offering the Units to the public, neither the Sponsor nor any
broker-dealers are recommending any of the individual Securities in the Trusts
but rather the entire pool of Securities, taken as a whole, which are
represented by the Units.

Unit Distribution. During the initial offering period, Units will be
distributed to the public by the Sponsor, broker-dealers and others at the
Public Offering Price. Upon the completion of the initial offering period,
Units repurchased in the secondary market, if any, may be offered by this
Prospectus at the secondary market Public Offering Price in the manner
described above.

The Sponsor intends to qualify the Units for sale in a number of states.
Brokers, dealers and others will be allowed a concession or agency commission
in connection with the distribution of Units during the initial offering
period as set forth in the following table. A portion of such concessions or
agency commissions represents amounts paid by the Sponsor to such brokers,
dealers and others out of its own assets as additional compensation. 

<TABLE>
<CAPTION>
                                                                             Initial Offering
                                                                                       Period
                                                                                Concession or
                                                                                       Agency
                                                                               Commission per
                                                                                         Unit
<S>                               <C>                                    <C>
Aggregate Number of                                                                          
Units Purchased                   Strategic Ten Trusts                   Strategic Five Trust
1 - 2,499.............                           2.00%                                  1.80%
2,500 - 4,999.........                           1.85                                   1.65 
5,000 - 9,999.........                           1.70                                   1.50 
10,000 - 24,999.......                           1.45                                   1.30 
25,000 or more........                           1.35                                   1.20 
</TABLE>

   
Any quantity discount provided to investors will be borne by the selling
dealer or agent as indicated under "General" above. For transactions
involving Rollover Unitholders the total concession or agency commission will
amount to 1.0% per Unit (or such lesser amount resulting from quantity sales
discounts). For all secondary market transactions the total concession or
agency commission will amount to 2.0% per Unit. Notwithstanding anything to
the contrary herein, in no case shall the total of any concessions, agency
commissions and any additional compensation allowed or paid to any broker,
dealer or other distributor of Units with respect to any individual
transaction exceed the total sales charge applicable to such transaction.
   

Certain commercial banks are making Units of the Trusts available to their
customers on an agency basis. A portion of the sales charge (equal to the
agency commission referred to above) is retained by or remitted to the banks.
Under the Glass-Steagall Act, banks are prohibited from underwriting Trust
Units; however, the Glass-Steagall Act does permit certain agency transactions
and the banking regulators have not indicated that these particular agency
transactions are not permitted under such Act. In addition, state securities
laws on this issue may differ from the interpretations of federal law
expressed herein and banks and financial institutions may be required to
register as dealers pursuant to state law. 

To facilitate the handling of transactions, sales of Units shall normally be
limited to transactions involving a minimum of 100 Units except as stated
herein. In connection with fully disclosed transactions with the Sponsor, the
minimum purchase requirement will be that number of Units set forth in the
contract between the Sponsor and the related broker or agent. The Sponsor
reserves the right to reject, in whole or in part, any order for the purchase
of Units and to change the amount of the concession or agency commission to
dealers and others from time to time. Brokers and dealers of a Trust, banks
and/or others are eligible to participate in a program in which such firms
receive from the Sponsor a nominal award for each of their registered
representatives who have sold a minimum number of units of unit investment
trusts created by the Sponsor during a specified time period. In addition, at
various times the Sponsor may implement other programs under which the sales
forces of brokers, dealers, banks and/or others may be eligible to win other
nominal awards for certain sales efforts, or under which the Sponsor will
reallow to any such brokers, dealers, banks and/or others that sponsor sales
contests or recognition programs conforming to criteria established by the
Sponsor, or participate in sales programs sponsored by the Sponsor, an amount
not exceeding the total applicable sales charges on the sales generated by
such person at the public offering price during such programs. Also, the
Sponsor in its discretion may from time to time pursuant to objective criteria
established by the Sponsor pay fees to qualifying brokers, dealers, banks
and/or others for certain services or activities which are primarily intended
to result in sales of Units of the Fund. Such payments are made by the Sponsor
out of its own assets and not out of the assets of the Fund. These programs
will not change the price Unitholders pay for their Units or the amount that a
Trust will receive from the Units sold.

Sponsor and Other Compensation. The Sponsor will receive the gross sales
commission equal to 2.9% and 2.7% of the Public Offering Price of the Units in
the Strategic Ten and Strategic Five Trusts, respectively, less any reduced
sales charge for quantity purchases as described under "General" 
above. Any such quantity discount provided to investors will be borne by the
selling dealer or agent.

In addition, the Sponsor will realize a profit or will sustain a loss, as the
case may be, as a result of the difference between the price paid for the
Securities by the Sponsor and the cost of such Securities to each Trust on the
Initial Date of Deposit as well as on subsequent deposits. See "
Portfolios" . The Sponsor has not participated as sole underwriter or as
manager or as a member of the underwriting syndicates or as an agent in a
private placement for any of the Securities in the Fund portfolios. The
Sponsor may further realize additional profit or loss during the initial
offering period as a result of the possible fluctuations in the market value
of the Securities in the Trusts after a date of deposit, since all proceeds
received from purchasers of Units.

Cash, if any, made available to the Sponsor prior to the date of settlement
for the purchase of Units may be used in the Sponsor's business and may be
deemed to be a benefit to the Sponsor, subject to the limitations of the
Securities Exchange Act of 1934. 

As stated under "Public Market" below, the Sponsor currently intends
to maintain a secondary market for Units of the Trusts for the period
indicated. In so maintaining a market, the Sponsor will also realize profits
or sustain losses in the amount of any difference between the price at which
Units are purchased and the price at which Units are resold (which price
includes the applicable sales charge). In addition, the Sponsor will also
realize profits or sustain losses resulting from a redemption of such
repurchased Units at a price above or below the purchase price for such Units,
respectively.

Public Market. Although it is not obligated to do so, the Sponsor currently
intends to maintain a market for the Units offered hereby through November 6,
1996 and offer continuously to purchase Units at prices, subject to change at
any time, based upon the aggregate underlying value of the Equity Securities
in the Trusts (computed as indicated under "Offering Price" above and
"Rights of Unitholders--Redemption of Units" ). In the case of the
Foreign Trusts, the aggregate underlying value of the Equity Securities is
computed on the basis of the bid side value of the relevant currency exchange
rate (offer side during the initial offering period) expressed in U.S.
dollars. If the supply of Units exceeds demand or if some other business
reason warrants it, the Sponsor may either discontinue all purchases of Units
or discontinue purchases of Units at such prices. In the event that a market
is not maintained for the Units and the Unitholder cannot find another
purchaser, a Unitholder desiring to dispose of his Units will be able to
dispose of such Units by tendering them to the Trustee for redemption at the
Redemption Price. See "Rights of Unitholders--Redemption of Units" . A
Unitholder who wishes to dispose of his Units should inquire of his broker as
to current market prices in order to determine whether there is in existence
any price in excess of the Redemption Price and, if so, the amount thereof.
Units sold prior to such time as the entire deferred sales charge on such
Units has been collected will be assessed the amount of the remaining deferred
sales charge at the time of sale.

Tax-Sheltered Retirement Plans. Units of the Trusts are available for purchase
in connection with certain types of tax-sheltered retirement plans, including
Individual Retirement Accounts for the individuals, Simplified Employee
Pension Plans for employees, qualified plans for self-employed individuals,
and qualified corporate pension and profit sharing plans for employees. The
purchase of Units of the Trusts may be limited by the plans' provisions and
does not itself establish such plans.

RIGHTS OF UNITHOLDERS 

Certificates. The Trustee is authorized to treat as the record owner of Units
that person who is registered as such owner on the books of the Trustee.
Ownership of Units of the Trusts will be evidenced by certificates unless a
Unitholder or the Unitholder's registered broker-dealer makes a written
request to the Trustee that ownership be in book entry form. Units are
transferable by making a written request to the Trustee and, in the case of
Units evidenced by a certificate, by presentation and surrender of such
certificate to the Trustee properly endorsed or accompanied by a written
instrument or instruments of transfer. A Unitholder must sign such written
request, and such certificate or transfer instrument, exactly as his name
appears on the records of the Trustee and on the face of any certificate
representing the Units to be transferred with the signature guaranteed by a
participant in the Securities Transfer Agents Medallion Program ("
STAMP" ) or such other signature guarantee program in addition to, or in
substitution for, STAMP as may be accepted by the Trustee. In certain
instances the Trustee may require additional documents such as, but not
limited to, trust instruments, certificates of death, appointments as executor
or administrator or certificates of corporate authority. Certificates will be
issued in denominations of one Unit or any whole multiple thereof.

Although no such charge is now made or contemplated, the Trustee may require a
Unitholder to pay a reasonable fee for each certificate reissued or
transferred and to pay any governmental charge that may be imposed in
connection with each such transfer or interchange. Destroyed, stolen,
mutilated or lost certificates will be replaced upon delivery to the Trustee
of satisfactory indemnity, evidence of ownership and payment of expenses
incurred. Mutilated certificates must be surrendered to the Trustee for
replacement.

Distributions of Income and Capital. Any dividends received by a Trust with
respect to the Equity Securities therein are credited by the Trustee to the
Income Account of such Trust. Other receipts (e.g., capital gains, proceeds
from the sale of Securities, etc.) are credited to the Capital Account of such
Trust. Proceeds from the sale of Securities made to meet redemptions of Units
shall be segregated within the Capital Account of a Trust from proceeds from
the sale of Securities made to satisfy the fees, expenses and charges of such
Trust. In the case of the Foreign Trusts, dividends to be credited to such
accounts are first converted into U.S. dollars at the applicable exchange rate.

The Trustee will distribute any income received with respect to any of the
Securities in a Trust on or about the Income Account Distribution Dates to
Unitholders of record on the preceding Income Account Record Dates. See "
Summary of Essential Financial Information" . Proceeds received on the sale
of any Securities in a Trust, to the extent not used to meet redemptions of
Units, pay the deferred sales charge or pay fees and expenses, will be
distributed semi-annually on the Capital Account Distribution Dates to
Unitholders of record on the preceding Capital Account Record Dates. Proceeds
received from the disposition of any of the Securities after a record date and
prior to the following distribution date will be held in the Capital Account
of the appropriate Trust and not distributed until the next distribution date
applicable to such Capital Account. The Trustee is not required to pay
interest on funds held in the Capital or Income Accounts (but may itself earn
interest thereon and therefore benefits from the use of such funds).

The distribution to Unitholders as of each record date will be made on the
following distribution date or shortly thereafter and shall consist of each
Unitholder's pro rata share of the cash in the Income Account. Persons who
purchase Units will commence receiving distributions only after such person
becomes a record owner. Notification to the Trustee of the transfer of Units
is the responsibility of the purchaser, but in the normal course of business
such notice is provided by the selling broker-dealer.

At the end of the initial offering period for each Trust and on or before the
twenty-fifth day of each month thereafter, the Trustee will deduct from the
Capital Account of the appropriate Trust amounts necessary to pay the fees and
expenses of such Trust (as determined on the basis set forth under "Fund
Operating Expenses" ). The Trustee also may withdraw from the Income and
Capital Accounts such amounts, if any, as it deems necessary to establish a
reserve for any governmental charges payable out of each Trust. Amounts so
withdrawn shall not be considered a part of such Trust's assets until such
time as the Trustee shall return all or any part of such amounts to the
appropriate accounts. In addition, the Trustee may withdraw from the Income
and Capital Accounts of the appropriate Trust such amounts as may be necessary
to cover redemptions of Units. 

It is anticipated that the deferred sales charge will be collected from the
Capital Account. To the extent that amounts in the Capital Account are
insufficient to satisfy the then current deferred sales charge obligation,
Equity Securities will be sold to meet such shortfall. Distributions of
amounts necessary to pay the deferred portion of the sales charge will be made
to an account maintained by the Trustee for purposes of satisfying
Unitholders' deferred sales charge obligations.

Reinvestment Option. Unitholders of a Trust will initially have each
distribution of dividend income, capital gains and/or principal on their Units
automatically reinvested in additional Units of such Trust under the "
Automatic Reinvestment Option" (to the extent Units may be lawfully
offered for sale in the state in which the Unitholder resides). Brokers and
dealers who distribute Units to Unitholders pursuant to the Automatic
Reinvestment Option must do so via the Dividend Reinvestment Service through
the Depository Trust Company. In order for a broker or dealer to utilize the
Automatic Reinvestment Option on behalf of a Unitholder, the broker or dealer
must have a PTS terminal equipped with the Elective Dividend System function
(EDS) prior to the first Record Date set forth under "Summary of Essential
Financial Information" . Unitholders receiving Units of a Trust pursuant to
participation in the Automatic Reinvestment Option will be subject to the
remaining deferred sales charge payments due on Units (assuming for these
purposes such Units had been outstanding during the primary offering period).
Unitholders may also elect to receive distributions of dividend income,
capital gains and/or principal on their Units in cash. To receive cash, a
Unitholder may either contact his or her broker or agent or file with the
Trustee a written notice of election at least five days prior to the Record
Date for which the first distribution is to apply. A Unitholder's election to
receive cash will apply to all Units of a Trust owned by such Unitholder and
such election will remain in effect until changed by the Unitholder.

Reinvestment plan distributions may be reinvested in Units already held in
inventory by the Sponsor (see "Public Offering--Public Market" ) or,
until such time as additional Units cease to be issued by a Trust (see "
The Fund" ), distributions may be reinvested in such additional Units. If
Units are unavailable in the secondary market, distributions which would
otherwise have been reinvested shall be paid in cash to the Unitholder on the
applicable Distribution Date.

Purchases of additional Units made pursuant to the reinvestment plan will be
made at the net asset value for Units of a Trust as of the Evaluation Time on
the related Income or Capital Account Distribution Dates. Under the
reinvestment plan, a Trust will pay the Unitholder's distributions to the
Trustee which in turn will purchase for such Unitholder full and fractional
Units of a Trust and will send such Unitholder a statement reflecting the
reinvestment.

Unitholders may also elect to have each distribution of interest income,
capital gains and/or principal on their Units automatically reinvested in
shares of any Van Kampen American Capital mutual funds (except for B shares)
which are registered in the Unitholder's state of residence. Such mutual funds
are hereinafter collectively referred to as the "Reinvestment Funds" .

Each Reinvestment Fund has investment objectives which differ in certain
respects from those of the Trusts. The prospectus relating to each
Reinvestment Fund describes the investment policies of such fund and sets
forth the procedures to follow to commence reinvestment. A Unitholder may
obtain a prospectus for the respective Reinvestment Funds from Van Kampen
American Capital Distributors, Inc. at One Parkview Plaza, Oakbrook Terrace,
Illinois 60181. Texas residents who desire to reinvest may request that a
broker-dealer registered in Texas send the prospectus relating to the
respective fund.

After becoming a participant in a reinvestment plan, each distribution of
interest income, capital gains and/or principal on the participant's Units
will, on the applicable distribution date, automatically be applied, as
directed by such person, as of such distribution date by the Trustee to
purchase shares (or fractions thereof) of the applicable Reinvestment Fund at
a net asset value as computed as of the close of trading on the New York Stock
Exchange on such date. Unitholders with an existing Guaranteed Reinvestment
Option (GRO) Program account (whereby a sales charge is imposed on
distribution reinvestments) may transfer their existing account into a new GRO
account which allows purchases of Reinvestment Fund shares at net asset value
as described above. Confirmations of all reinvestments by a Unitholder into a
Reinvestment Fund will be mailed to the Unitholder by such Reinvestment Fund.

A participant may at any time prior to five days preceding the next succeeding
distribution date, by so notifying the Trustee in writing, elect to terminate
his or her reinvestment plan and receive future distributions on his or her
Units in cash. There will be no charge or other penalty for such termination.
The Sponsor, each Reinvestment Fund, and its investment adviser shall have the
right to suspend or terminate the reinvestment plan at any time.

Reports Provided. The Trustee shall furnish Unitholders of a Trust in
connection with each distribution a statement of the amount of income and the
amount of other receipts (received since the preceding distribution), if any,
being distributed, expressed in each case as a dollar amount representing the
pro rata share of each Unit of a Trust outstanding. Within a reasonable period
of time after the end of each calendar year, the Trustee shall furnish to each
person who at any time during the calendar year was a registered Unitholder of
a Trust a statement (i) as to the Income Account: income received, deductions
for applicable taxes and for fees and expenses of such Trust, for redemptions
of Units, if any, and the balance remaining after such distributions and
deductions, expressed in each case both as a total dollar amount and as a
dollar amount representing the pro rata share of each Unit outstanding on the
last business day of such calendar year; (ii) as to the Capital Account: the
dates of disposition of any Securities and the net proceeds received
therefrom, deductions for payment of applicable taxes, fees and expenses of
such Trust held for distribution to Unitholders of record as of a date prior
to the determination and the balance remaining after such distributions and
deductions expressed both as a total dollar amount and as a dollar amount
representing the pro rata share of each Unit outstanding on the last business
day of such calendar year; (iii) a list of the Securities held by such Trust
and the number of Units of such Trust outstanding on the last business day of
such calendar year; (iv) the Redemption Price per Unit of such Trust based
upon the last computation thereof made during such calendar year; and (v)
amounts actually distributed during such calendar year from the Income and
Capital Accounts of such Trust, separately stated, expressed as total dollar
amounts.

In order to comply with federal and state tax reporting requirements,
Unitholders will be furnished, upon request to the Trustee, evaluations of the
Securities in a Trust furnished to it by the Evaluator. 

Redemption of Units. A Unitholder may redeem all or a portion of his Units by
tender to the Trustee at its unit investment trust division office at 101
Barclay Street, 20th Floor, New York, New York 10286 and, in the case of Units
evidenced by a certificate, by tendering such certificate to the Trustee, duly
endorsed or accompanied by proper instruments of transfer with signature
guaranteed as described above (or by providing satisfactory indemnity, as in
connection with lost, stolen or destroyed certificates) and by payment of
applicable governmental charges, if any. No redemption fee will be charged. On
the third business day following such tender, the Unitholder will be entitled
to receive in cash (unless the redeeming Unitholder in a United States Trust
elects an In Kind Distribution as described below) an amount for each Unit
equal to the Redemption Price per Unit next computed after receipt by the
Trustee of such tender of Units and in the case of the Foreign Trusts
converted into U.S. dollars as of the Evaluation Time set forth under "
Summary of Essential Financial Information" . The "date of tender" 
is deemed to be the date on which Units are received by the Trustee, except
that with respect to Units received after the applicable Evaluation Time the
date of tender is the next business day as defined under "Public
Offering--Offering Price" and such Units will be deemed to have been
tendered to the Trustee on such day for redemption at the redemption price
computed on that day. The London Stock Exchange and the Hong Kong Exchange are
open for trading on certain days which are U.S. holidays on which the Fund
will not transact business. The Securities will continue to trade on those
days and thus the value of the Foreign Trusts may be significantly affected on
days when a Unitholder cannot sell or redeem his Units. 

The Trustee is empowered to sell Securities of a Trust in order to make funds
available for redemption if funds are not otherwise available in the Capital
and Income Accounts of such Trust to meet redemptions. The Securities to be
sold will be selected by the Trustee from those designated on a current list
provided by the Supervisor for this purpose. Units so redeemed shall be
cancelled. Units tendered for redemption prior to such time as the entire
deferred sales charge on such Units has been collected will be assessed the
amount of the remaining deferred sales charge at the time of redemption.

Unitholders in a United States Trust tendering 1,000 or more Units for
redemption may request from the Trustee in lieu of a cash redemption an in
kind distribution ("In Kind Distribution" ) of an amount and value of
Securities per Unit equal to the Redemption Price per Unit as determined as of
the evaluation next following the tender. An In Kind Distribution on
redemption of Units will be made by the Trustee through the distribution of
each of the Securities in book-entry form to the account of the Unitholder's
bank or broker-dealer at Depository Trust Company. The tendering Unitholder
will receive his pro rata number of whole shares of each of the Securities
comprising a United States Trust portfolio and cash from the Capital Account
equal to the fractional shares to which the tendering Unitholder is entitled.
The Trustee may adjust the number of shares of any issue of Securities
included in a Unitholder's In Kind Distribution to facilitate the distribution
of whole shares, such adjustment to be made on the basis of the value of
Securities on the date of tender. If funds in the Capital Account are
insufficient to cover the required cash distribution to the tendering
Unitholder, the Trustee may sell Securities according to the criteria
discussed above.

To the extent that Securities are redeemed in kind or sold, the size of a
Trust will be, and the diversity of such Trust may be, reduced. Sales may be
required at a time when Securities would not otherwise be sold and may result
in lower prices than might otherwise be realized. The price received upon
redemption may be more or less than the amount paid by the Unitholder
depending on the value of the Securities in the portfolio at the time of
redemption. Special U.S. federal income tax consequences will result if a
Unitholder in a United States Trust requests an In Kind Distribution. See "
Taxation" .

The Redemption Price per Unit (as well as the secondary market Public Offering
Price) will be determined on the basis of the aggregate underlying value of
the Equity Securities in each Trust, plus or minus cash, if any, in the Income
and Capital Accounts of such Trust (net of applicable commissions and stamp
taxes in the case of the Foreign Trusts). On the Initial Date of Deposit, the
Public Offering Price per Unit (which includes the sales charge) exceeded the
values at which Units could have been redeemed by the amounts shown under "
Summary of Essential Financial Information" . The Redemption Price per Unit
is the pro rata share of each Unit in each Trust determined on the basis of
(i) the cash on hand in such Trust, (ii) the value of the Securities in such
Trust and (iii) dividends receivable on the Equity Securities of such Trust
trading ex-dividend as of the date of computation, less (a) amounts
representing taxes or other governmental charges payable out of such Trust and
(b) the accrued expenses of such Trust. The Evaluator may determine the value
of the Equity Securities in a Trust in the following manner: if the Equity
Securities are listed on a national securities exchange, this evaluation is
generally based on the closing sale prices on that exchange (unless it is
determined that these prices are inappropriate as a basis for valuation) or,
if there is no closing sale price on that exchange, at the closing bid prices.
If the Equity Securities of a Trust are not so listed or, if so listed and the
principal market therefore is other than on the exchange, the evaluation shall
generally be based on the current bid price on the over-the-counter market
(unless these prices are inappropriate as a basis for evaluation). If current
bid prices are unavailable, the evaluation is generally determined (a) on the
basis of current bid prices for comparable securities, (b) by appraising the
value of the Equity Securities of such Trust on the bid side of the market or
(c) by any combination of the above. In the case of the Foreign Trusts, the
value of the Equity Securities in the secondary market is based on the
aggregate value of the Securities computed on the basis of the bid side value
of the relevant currency exchange rate expressed in U.S. dollars as of the
Evaluation Time. 

The right of redemption may be suspended and payment postponed for any period
during which the New York Stock Exchange is closed, other than for customary
weekend and holiday closings, or any period during which the Securities and
Exchange Commission determines that trading on that Exchange is restricted or
an emergency exists, as a result of which disposal or evaluation of the
Securities in a Trust is not reasonably practicable, or for such other periods
as the Securities and Exchange Commission may by order permit.

Special Redemption and Rollover in New Fund. It is expected that a special
redemption will be made of all Units of each Trust held by any Unitholder (a
"Rollover Unitholder" ) who affirmatively notifies the Trustee in
writing that he desires to rollover his Units by the Rollover Notification
Date specified in the "Summary of Essential Financial Information" .

All Units of Rollover Unitholders will be redeemed on the Special Redemption
Date and the underlying Securities will be distributed to the Distribution
Agent on behalf of the Rollover Unitholders. On the Special Redemption Date
(as set forth in "Summary of Essential Financial Information" ), the
Distribution Agent will be required to sell all of the underlying Securities
on behalf of Rollover Unitholders. The sales proceeds will be net of brokerage
fees, governmental charges or any expenses involved in the sales.

The Distribution Agent will attempt to sell the Securities as quickly as is
practicable on the Special Redemption Date. The Sponsor does not anticipate
that the period will be longer than one day given that the Securities are
usually highly liquid. However, certain of the factors discussed under "
Risk Factors" could affect the ability of the Sponsor to sell the
Securities of the Foreign Trusts and thereby affect the length of the sale
period somewhat. The liquidity of any Security depends on the daily trading
volume of the Security and the amount that the Sponsor has available for sale
on any particular day.

Pursuant to an exemptive order, each terminating Strategic Ten Trust or
Strategic Five Trust (and the Distribution Agent on behalf of Rollover
Unitholders) can sell Securities to a New Series if those Securities continue
to meet the Strategic Ten Strategy or Strategic Five Strategy by remaining
among the ten highest dividend-yielding securities in their respective index
or the 2nd through 6th lowest share price of the ten highest dividend-yielding
securities of the respective index. The exemption will enable each Trust to
eliminate commission costs on these transactions. The price for those
securities will be the closing sale price on the sale date on the exchange
where the Securities are principally traded, as certified by the Trustee.

The Rollover Unitholders' proceeds will be invested in the next subsequent
series of the Strategic Ten Trust or Strategic Five Trust (the "1997
Fund" ), if then being offered, the portfolios of which will contain the
ten highest yielding stocks in the Dow Jones Industrial Average, FT Index, and
Hang Seng Index, respectively, as of the close of business three business days
prior to the initial date of deposit of the 1997 Fund and the stocks having
the 2nd through 6th lowest share price of the ten highest yielding stocks in
the Dow Jones Industrial Average as of such date. The proceeds of redemption
will be used to buy 1997 Fund units in the appropriate portfolio as the
proceeds become available.

The Sponsor intends to create the 1997 Fund shortly prior to the Special
Redemption Date, dependent upon the availability and reasonably favorable
prices of the Securities included in the 1997 Fund portfolios, and it is
intended that Rollover Unitholders will be given first priority to purchase
the 1997 Fund units. There can be no assurance, however, as to the exact
timing of the creation of the 1997 Fund units or the aggregate number of 1997
Fund units in each trust portfolio which the Sponsor will create. The Sponsor
may, in its sole discretion, stop creating new units in each trust portfolio
at any time it chooses, regardless of whether all proceeds of the Special
Redemption have been invested on behalf of Rollover Unitholders. Cash which
has not been invested on behalf of the Rollover Unitholders in 1997 Fund units
will be distributed shortly after the Special Redemption Date.

Any Rollover Unitholder may thus be redeemed out of the Fund and become a
holder of an entirely different unit investment trust in the 1997 Fund with a
different portfolio of Securities. The Rollover Unitholders' Units will be
redeemed and the distributed Securities shall be sold on the Special
Redemption Date. In accordance with the Rollover Unitholders' offer to
purchase the 1997 Fund units, the proceeds of the sales (and any other cash
distributed upon redemption) will be invested in the 1997 Fund in the
appropriate portfolio at the public offering price, including the applicable
sales charge per Unit (which for Rollover Unitholders is currently expected to
be 1.9% of the Public Offering Price of the 1997 Fund units).

This process of redemption and rollover into a new trust is intended to allow
for the fact that the portfolios selected by the Sponsor are chosen on the
basis of growth and income potential only for a year, at which point a new
portfolio is chosen. It is contemplated that a similar process of redemption
and rollover in new unit investment trusts will be available for the 1997 Fund
and each subsequent series of the Fund, approximately a year after that
Series' creation.

There can be no assurance that the redemption and rollover will avoid any
negative market price consequences stemming from the trading of large volumes
of securities and of the underlying Securities. The above procedures may be
insufficient or unsuccessful in avoiding such price consequences. In fact,
market price trends may make it advantageous to sell or buy more quickly or
more slowly than permitted by these procedures.

It should also be noted that Rollover Unitholders may realize taxable capital
gains on the Special Redemption and Rollover but, in certain circumstances,
will not be entitled to a deduction for certain capital losses and, due to the
procedures for investing in the subsequent Strategic Ten Trust or Strategic
Five Trust, no cash would be distributed at that time to pay any taxes.
Included in the cash for the Special Redemption and Rollover will be any
amount of cash attributable to the last distribution of dividend income;
accordingly, Rollover Unitholders also will not have such cash distributed to
pay any taxes. See "Taxation" . Unitholders who do not inform the
Distribution Agent that they wish to have their Units so redeemed and
liquidated will not realize capital gains or losses due to the Special
Redemption and Rollover and will not be charged any additional sales charge.

The Sponsor may for any reason, in its sole discretion, decide not to sponsor
the 1997 Fund or any subsequent series of the Fund, without penalty or
incurring liability to any Unitholder. If the Sponsor so decides, the Sponsor
shall notify the Unitholders before the Special Redemption Date would have
commenced. The Sponsor may modify the terms of the 1997 Fund or any subsequent
series of the Fund. The Sponsor may also modify the terms of the Special
Redemption and Rollover in the 1997 Fund upon notice to the Unitholders prior
to the Rollover Notification Date specified in the related "Summary of
Essential Financial Information" .

FUND ADMINISTRATION 

Sponsor Purchases of Units. The Trustee shall notify the Sponsor of any Units
tendered for redemption. If the Sponsor's bid in the secondary market at that
time equals or exceeds the Redemption Price per Unit, it may purchase such
Units by notifying the Trustee before the close of business on the next
succeeding business day and by making payment therefor to the Unitholder not
later than the day on which the Units would otherwise have been redeemed by
the Trustee. Units held by the Sponsor may be tendered to the Trustee for
redemption as any other Units.

The offering price of any Units acquired by the Sponsor will be in accord with
the Public Offering Price described in the then currently effective prospectus
describing such Units. Any profit resulting from the resale of such Units will
belong to the Sponsor which likewise will bear any loss resulting from a lower
offering or redemption price subsequent to its acquisition of such Units.

Portfolio Administration. The portfolios of the Fund are not "managed" 
by the Sponsor, Supervisor or the Trustee; their activities described herein
are governed solely by the provisions of the Trust Agreement. Traditional
methods of investment management for a managed fund typically involve frequent
changes in a portfolio of securities on the basis of economic, financial and
market analyses. The Fund, however, will not be managed. The Trust Agreement,
however, provides that the Sponsor may (but need not) direct the Trustee to
dispose of an Equity Security in certain events such as the issuer having
defaulted on the payment on any of its outstanding obligations or the price of
an Equity Security has declined to such an extent or other such credit factors
exist so that in the opinion of the Sponsor the retention of such Securities
would be detrimental to a Trust. Pursuant to the Trust Agreement and with
limited exceptions, the Trustee may sell any securities or other properties
acquired in exchange for Equity Securities such as those acquired in
connection with a merger or other transaction. If offered such new or
exchanged securities or property, the Trustee shall reject the offer. However,
in the event such securities or property are nonetheless acquired by a Trust,
they may be accepted for deposit in such Trust and either sold by the Trustee
or held in such Trust pursuant to the direction of the Sponsor (who may rely
on the advice of the Supervisor). Proceeds from the sale of Securities (or any
securities or other property received by the Fund in exchange for Equity
Securities) are credited to the Capital Account for distribution to
Unitholders, pay an accrued deferred sales charge or to meet redemptions.
Except as stated under "Trust Portfolios" for failed securities and as
provided in this paragraph, the acquisition by a Trust of any securities other
than the Securities is prohibited.

As indicated under "Rights of Unitholders--Redemption of Units" above,
the Trustee may also sell Securities designated by the Supervisor, or if no
such designation has been made, in its own discretion, for the purpose of
redeeming Units of a Trust tendered for redemption and the payment of expenses.

The Supervisor, in designating Equity Securities to be sold by the Trustee,
will generally make selections in order to maintain, to the extent
practicable, the proportionate relationship among the number of shares of
individual issues of Equity Securities in a Trust. To the extent this is not
practicable, the composition and diversity of the Equity Securities in such
Trust may be altered. In order to obtain the best price for a Trust, it may be
necessary for the Supervisor to specify minimum amounts (generally 100 shares)
in which blocks of Equity Securities are to be sold. 

Amendment or Termination. The Trust Agreement may be amended by the Trustee
and the Sponsor without the consent of any of the Unitholders (1) to cure any
ambiguity or to correct or supplement any provision thereof which may be
defective or inconsistent, or (2) to make such other provisions as shall not
adversely affect the Unitholders (as determined in good faith by the Sponsor
and the Trustee), provided, however, that the Trust Agreement may not be
amended to increase the number of Units (except as provided in the Trust
Agreement). The Trust Agreement may also be amended in any respect by the
Trustee and Sponsor, or any of the provisions thereof may be waived, with the
consent of the holders representing 51% of the Units of a Trust then
outstanding, provided that no such amendment or waiver will reduce the
interest in such Trust of any Unitholder without the consent of such
Unitholder or reduce the percentage of Units required to consent to any such
amendment or waiver without the consent of all Unitholders. The Trustee shall
advise the Unitholders of any amendment promptly after execution thereof.

A Trust may be liquidated at any time by consent of Unitholders representing
66 2/3% of the Units of such Trust then outstanding or by the Trustee when the
value of the Equity Securities owned by a Trust, as shown by any evaluation,
is less than that amount set forth under Minimum Termination Value in the "
Summary of Essential Financial Information." A Trust will be liquidated by
the Trustee in the event that a sufficient number of Units of such Trust not
yet sold are tendered for redemption by the Sponsor, so that the net worth of
such Trust would be reduced to less than 40% of the value of the Securities at
the time they were deposited in such Trust. If a Trust is liquidated because
of the redemption of unsold Units by the Sponsor, the Sponsor will refund to
each purchaser of Units the entire sales charge paid by such purchaser. The
Trust Agreement will terminate upon the sale or other disposition of the last
Security held thereunder, but in no event will it continue beyond the
Mandatory Termination Date stated under "Summary of Essential Financial
Information" . 

Commencing on the Mandatory Termination Date, Equity Securities will begin to
be sold in connection with the termination of the Fund. The Sponsor will
determine the manner, timing and execution of the sales of the Equity
Securities. The Sponsor shall direct the liquidation of the Securities in such
manner as to effectuate orderly sales and a minimal market impact. In the
event the Sponsor does not so direct, the Securities shall be sold within a
reasonable period and in such manner as the Trustee, in its sole discretion,
shall determine. At least 30 days before the Mandatory Termination Date the
Trustee will provide written notice of any termination to all Unitholders of
the appropriate Trust and in the case of a United States Trust will include
with such notice a form to enable Unitholders owning 1,000 or more Units to
request an In Kind Distribution rather than payment in cash upon the
termination of such Trust. To be effective, this request must be returned to
the Trustee at least five business days prior to the Mandatory Termination
Date. On the Mandatory Termination Date (or on the next business day
thereafter if a holiday) the Trustee will deliver each requesting Unitholder's
pro rata number of whole shares of each of the Securities in a United States
Trust to the account of the broker-dealer or bank designated by the Unitholder
at Depository Trust Company. The value of the Unitholder's fractional shares
of the Securities will be paid in cash. Unitholders with less than 1,000
Units, Unitholders in a United States Trust with 1,000 or more Units not
requesting an In Kind Distribution and Unitholders who do not elect the
Rollover Option will receive a cash distribution from the sale of the
remaining Securities within a reasonable time following the Mandatory
Termination Date. Regardless of the distribution involved, the Trustee will
deduct from the funds of the appropriate Trust any accrued costs, expenses,
advances or indemnities provided by the Trust Agreement, including estimated
compensation of the Trustee, costs of liquidation and any amounts required as
a reserve to provide for payment of any applicable taxes or other governmental
charges. Any sale of Securities in a Trust upon termination may result in a
lower amount than might otherwise be realized if such sale were not required
at such time. The Trustee will then distribute to each Unitholder of each
Trust his pro rata share of the balance of the Income and Capital Accounts of
such Trust.

The Sponsor currently intends to, but is not obligated to, offer for sale
units of a subsequent series of the Strategic Ten and Strategic Five Trusts
pursuant to the Rollover Option (see "Rights of Unitholders--Special
Redemption and Rollover in New Fund" ). There is, however, no assurance
that units of any new series of such Fund will be offered for sale at that
time, or if offered, that there will be sufficient units available for sale to
meet the requests of any or all Unitholders.

Within 60 days of the final distribution Unitholders will be furnished a final
distribution statement of the amount distributable. At such time as the
Trustee in its sole discretion will determine that any amounts held in reserve
are no longer necessary, it will make distribution thereof to Unitholders in
the same manner.

Limitations on Liabilities. The Sponsor, the Evaluator, the Supervisor and the
Trustee shall be under no liability to Unitholders for taking any action or
for refraining from taking any action in good faith pursuant to the Trust
Agreement, or for errors in judgment, but shall be liable only for their own
willful misfeasance, bad faith or gross negligence in the performance of their
duties or by reason of their reckless disregard of their obligations and
duties hereunder.

The Trustee shall not be liable for depreciation or loss incurred by reason of
the sale by the Trustee of any of the Securities. In the event of the failure
of the Sponsor to act under the Trust Agreement, the Trustee may act
thereunder and shall not be liable for any action taken by it in good faith
under the Trust Agreement. The Trustee shall not be liable for any taxes or
other governmental charges imposed upon or in respect of the Securities or
upon the interest thereon or upon it as Trustee under the Trust Agreement or
upon or in respect of a Trust which the Trustee may be required to pay under
any present or future law of the United States of America or of any other
taxing authority having jurisdiction. In addition, the Trust Agreement
contains other customary provisions limiting the liability of the Trustee.

The Trustee, Sponsor, Supervisor and Unitholders may rely on any evaluation
furnished by the Evaluator and shall have no responsibility for the accuracy
thereof. Determinations by the Evaluator under the Trust Agreement shall be
made in good faith upon the basis of the best information available to it,
provided, however, that the Evaluator shall be under no liability to the
Trustee, Sponsor or Unitholders for errors in judgment. This provision shall
not protect the Evaluator in any case of willful misfeasance, bad faith, gross
negligence or reckless disregard of its obligations and duties.

Sponsor. Van Kampen American Capital Distributors, Inc., a Delaware
corporation, is the Sponsor of the Trust. Van Kampen American Capital
Distributors, Inc. is primarily owned by Clayton, Dubilier & Rice, Inc., a New
York-based private investment firm. Van Kampen American Capital Distributors,
Inc. management owns a significant minority equity position. Van Kampen
American Capital Distributors, Inc. specializes in the underwriting and
distribution of unit investment trusts and mutual funds with roots in money
management dating back to 1926. The Sponsor is a member of the National
Association of Securities Dealers, Inc. and has offices at One Parkview Plaza,
Oakbrook Terrace, Illinois 60181, (708) 684-6000 and 2800 Post Oak Boulevard,
Houston, Texas 77056, (713) 993-0500. It maintains a branch office in
Philadelphia and has regional representatives in Atlanta, Dallas, Los Angeles,
New York, San Francisco, Seattle and Tampa. As of March 31, 1996 the total
stockholders' equity of Van Kampen American Capital Distributors, Inc. was
$123,020,000 (unaudited). (This paragraph relates only to the Sponsor and not
to the Trusts. The information is included herein only for the purpose of
informing investors as to the financial responsibility of the Sponsor and its
ability to carry out its contractual obligations. More detailed financial
information will be made available by the Sponsor upon request.)

As of March 31, 1996, the Sponsor and its affiliates managed or supervised
approximately $57.2 billion of investment products, of which over $24.8
billion is invested in municipal securities. The Sponsor and its affiliates
managed $45.4 billion of assets, consisting of $22.5 billion for 63 open-end
mutual funds (of which 47 are distributed by Van Kampen American Capital
Distributors, Inc.), $11.9 billion for 38 closed-end funds and $5.6 billion
for 93 institutional accounts. The Sponsor has also deposited approximately
$26 billion of unit investment trusts. All Van Kampen American Capital
open-end funds, closed-end funds and unit investment trusts are professionally
distributed by leading financial firms nationwide. Based on cumulative assets
deposited, the Sponsor believes that it is the largest sponsor of insured
municipal unit investment trusts, primarily through the success of its Insured
Municipals Income Trust(R)or the IM-IT(R)trust. The Sponsor also
provides surveillance and evaluation services at cost for approximately $13
billion of unit investment trust assets outstanding. Since 1976, the Sponsor
has serviced over two million investor accounts, opened through retail
distribution firms. 

If the Sponsor shall fail to perform any of its duties under the Trust
Agreement or become incapable of acting or shall become bankrupt or its
affairs are taken over by public authorities, then the Trustee may (i) appoint
a successor Sponsor at rates of compensation deemed by the Trustee to be
reasonable and not exceeding amounts prescribed by the Securities and Exchange
Commission, (ii) terminate the Trust Agreement and liquidate the Trusts as
provided therein or (iii) continue to act as Trustee without terminating the
Trust Agreement.

Trustee. The Trustee is The Bank of New York, a trust company organized under
the laws of New York. The Bank of New York has its offices at 101 Barclay
Street, New York, New York 10286 (800) 221-7668. The Bank of New York is
subject to supervision and examination by the Superintendent of Banks of the
State of New York and the Board of Governors of the Federal Reserve System,
and its deposits are insured by the Federal Deposit Insurance Corporation to
the extent permitted by law.

The duties of the Trustee are primarily ministerial in nature. It did not
participate in the selection of Securities for the Trust portfolios.

In accordance with the Trust Agreement, the Trustee shall keep proper books of
record and account of all transactions at its office for each Trust. Such
records shall include the name and address of, and the number of Units of each
Trust held by, every Unitholder of the Fund. Such books and records shall be
open to inspection by any Unitholder at all reasonable times during the usual
business hours. The Trustee shall make such annual or other reports as may
from time to time be required under any applicable state or federal statute,
rule or regulation (see "Rights of Unitholders--Reports Provided" ).
The Trustee is required to keep a certified copy or duplicate original of the
Trust Agreement on file in its office available for inspection at all
reasonable times during the usual business hours by any Unitholder, together
with a current list of the Securities held in each Trust. 

Under the Trust Agreement, the Trustee or any successor trustee may resign and
be discharged of its responsibilities created by the Trust Agreement by
executing an instrument in writing and filing the same with the Sponsor. The
Trustee or successor trustee must mail a copy of the notice of resignation to
all Unitholders then of record, not less than 60 days before the date
specified in such notice when such resignation is to take effect. The Sponsor
upon receiving notice of such resignation is obligated to appoint a successor
trustee promptly. If, upon such resignation, no successor trustee has been
appointed and has accepted the appointment within 30 days after notification,
the retiring Trustee may apply to a court of competent jurisdiction for the
appointment of a successor. The Sponsor may remove the Trustee and appoint a
successor trustee as provided in the Trust Agreement at any time with or
without cause. Notice of such removal and appointment shall be mailed to each
Unitholder by the Sponsor. Upon execution of a written acceptance of such
appointment by such successor trustee, all the rights, powers, duties and
obligations of the original trustee shall vest in the successor. The
resignation or removal of a Trustee becomes effective only when the successor
trustee accepts its appointment as such or when a court of competent
jurisdiction appoints a successor trustee.

Any corporation into which a Trustee may be merged or with which it may be
consolidated, or any corporation resulting from any merger or consolidation to
which a Trustee shall be a party, shall be the successor trustee. The Trustee
must be a banking corporation organized under the laws of the United States or
any state and having at all times an aggregate capital, surplus and undivided
profits of not less than $5,000,000.

OTHER MATTERS 

Legal Opinions. The legality of the Units offered hereby has been passed upon
by Chapman and Cutler, 111 West Monroe Street, Chicago, Illinois 60603, as
counsel for the Sponsor. Kroll & Tract has acted as counsel for the Trustee.

Independent Certified Public Accountants. The statements of condition and the
related securities portfolios at the Initial Date of Deposit included in this
Prospectus have been audited by Grant Thornton LLP, independent certified
public accountants, as set forth in their report in this Prospectus, and are
included herein in reliance upon the authority of said firm as experts in
accounting and auditing.

 REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

To the Board of Directors of Van Kampen American Capital Distributors, Inc.
and the Unitholders of Van Kampen American Capital Equity Opportunity Trust,
Series 30:

We have audited the accompanying statements of condition and the related
portfolios of Van Kampen American Capital Equity Opportunity Trust, Series 30
as of May 7, 1996. The statements of condition and portfolios are the
responsibility of the Sponsor. Our responsibility is to express an opinion on
such financial statements based on our audit.

We conducted our audit 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. Our
procedures included confirmation of irrevocable letters of credit deposited to
purchase securities by correspondence with the Trustee. An audit also includes
assessing the accounting principles used and significant estimates made by the
Sponsor, as well as evaluating the overall financial statement presentation.

We believe our audit provides 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 Van Kampen American Capital
Equity Opportunity Trust, Series 30 as of May 7, 1996, in conformity with
generally accepted accounting principles.

                                                    GRANT THORNTON LLP

Chicago, Illinois
May 7, 1996

   
<TABLE>
VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST,
SERIES 30
STATEMENTS OF CONDITION
As of May 7, 1996

<CAPTION>
                                                Strategic   Strategic   Strategic   Strategic
                                                Ten         Ten         Ten         Five
                                                United      United      Hong        United
INVESTMENT IN SECURITIES                        States      Kingdom     Kong        States
                                                Trust       Trust       Trust       Trust
<S>                                             <C>         <C>         <C>         <C>          
Contracts to purchase Securities <F1>.......... $   148,167 $   150,031 $   246,755 $     148,544
Organizational costs <F2>......................      61,108      30,584      24,638        28,128
Total.......................................... $   209,275 $   180,615 $   271,393 $     176,672
LIABILITY AND INTEREST OF UNITHOLDERS                                                           
Liability--....................................                                                 
Accrued organizational costs <F2>.............. $    61,108 $    30,584 $    24,638 $      28,128
Interest of Unitholders-- .....................                                                 
Cost to investors <F3>.........................     152,550     154,350     254,000       152,550
Less: Gross underwriting commission <F3><F4>...       4,383       4,319       7,245         4,006
Net interest to Unitholders <F3>...............     148,167     150,031     246,755       148,544
Total.......................................... $   209,275 $   180,615 $   271,393 $     176,672

<FN>
<F1>The aggregate value of the Securities listed under "Portfolios" herein
and their cost to each Trust are the same. The value of the Securities is
determined by Interactive Data Corporation on the bases set forth under "
Public Offering--Offering Price" . The contracts to purchase Securities are
collateralized by separate irrevocable letters of credit of $148,167,
$150,031, $246,755 and $148,544 which have been deposited with the Trustee
with respect to the Strategic Ten United States Trust, Strategic Ten United
Kingdom Trust, Strategic Ten Hong Kong Trust and Strategic Five United States
Trust.

<F2>Each Trust will bear all or a portion of its organizational costs, which will
be deferred and amortized to interest to Unitholders over the life of such
Trust. Organizational costs have been estimated based on a projected Trust
size of $70,000,000, $8,000,000, $11,000,000 and $13,000,000 for the Strategic
Ten United States Trust, Strategic Ten United Kingdom Trust, Strategic Ten
Hong Kong Trust and Strategic Five United States Trust. To the extent a Trust
is larger or smaller, the estimate will vary. Securities will be sold to pay
organizational costs.

<F3>The aggregate public offering price and the aggregate initial sales charge are
computed on the bases set forth under "Public Offering--Offering Price" 
 and "Public Offering--Sponsor and Other Compensation" and assume all
single transactions involve less than 2,500 Units. For single transactions
involving 2,500 or more Units, the sales charge is reduced (see "Public
Offering--General" ) resulting in an equal reduction in both the Cost to
investors and the Gross underwriting commission while the Net interest to
Unitholders remains unchanged. 

<F4>Gross underwriting commission includes a deferred sales charge of $0.19 per
Unit.
</TABLE>
   

   
<TABLE>
STRATEGIC TEN TRUST UNITED STATES PORTFOLIO, SERIES 8
PORTFOLIO (VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST, SERIES 30)
as of the Initial Date of Deposit: May 7, 1996

<CAPTION>
                                                                           Estimated                    
                                                                           Annual         Cost of       
Number                                                    Market Value     Dividends per  Securities    
of Shares    Name of Issuer <F1>                          per Share <F2>   Share <F2>     to Trust <F2> 
<S>          <C>                                          <C>              <C>            <C>           
263                                  Chevron Corporation  $       56.000   $        2.00  $    14,728.00
188                    E.I. du Pont de Nemours & Company          78.250            2.28       14,711.00
179                                    Exxon Corporation          82.750            3.16       14,812.25
194                             General Electric Company          76.250            1.84       14,792.50
271                           General Motors Corporation          54.375            1.60       14,735.63
368                          International Paper Company          40.250            1.00       14,812.00
230             Minnesota Mining & Manufacturing Company          65.750            1.88       15,122.50
180                          J.P. Morgan & Company, Inc.          82.625            3.24       14,872.50
170                        Philip Morris Companies, Inc.          87.750            4.00       14,917.50
183                                         Texaco, Inc.          80.125            3.20       14,662.88
2,226                                                                                     $   148,166.76
</TABLE>

<TABLE>
STRATEGIC TEN TRUST UNITED KINGDOM PORTFOLIO, SERIES 8
PORTFOLIO (VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST, SERIES 30)
as of the Initial Date of Deposit: May 7, 1996
<CAPTION>
                                                                                Estimated                    
                                                                                Annual                       
                                                                                Dividends     Cost of        
Number                                                          Market Value    per Share     Securities     
of Shares    Name of Issuer <F1>                                per Share <F2>  <F2>          to Trust <F2>  
<S>          <C>                                                <C>             <C>           <C>            
1,985                                        Allied Domecq Plc  $       7.571   $       0.31  $    15,028.01 
2,938                                                 BICC Plc          5.093           0.20       14,962.62 
3,115                                                  BTR Plc          4.759           0.25       14,823.60 
4,252                                          British Gas Plc          3.315           0.23       14,097.11 
2,797                                      British Telecom Plc          5.108           0.29       14,288.46 
1,209                                       Glaxo Wellcome Plc         11.845           0.56       14,320.56 
5,010                                               Hanson Plc          3.002           0.19       15,042.43 
1,575                                National Westminster Bank          9.563           0.41       15,060.99 
1,893           Peninsular & Oriental Steam Navigation Company          8.057           0.49       15,252.41 
2,661                             Royal Insurance Holdings Plc          6.447           0.26       17,154.33 
27,435                                                                                        $   150,030.52 
</TABLE>

<TABLE>
STRATEGIC TEN TRUST HONG KONG PORTFOLIO, SERIES 8
PORTFOLIO (VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST, SERIES 30)
as of the Initial Date of Deposit: May 7, 1996
<CAPTION>
                                                                         Estimated                     
                                                                         Annual         Cost of        
Number                                                   Market Value    Dividends per  Securities     
of Shares    Name of Issuer <F1>                         per Share <F2>  Share <F2>     to Trust <F2>  
<S>          <C>                                         <C>             <C>            <C>            
22,500                             Amoy Properties Ltd.  $       1.115   $        0.06  $    25,084.89 
13,000                    Hang Lung Development Company          1.841            0.09       23,932.25 
2,500                                    Hang Seng Bank          9.853            0.37       24,631.99 
9,600           Hong Kong Aircraft Engineering Co. Ltd.          2.599            0.10       24,953.39 
8,000                  Hong Kong Electric Holdings Ltd.          3.176            0.14       25,409.76 
12,400                     Hong Kong Telecommunications          2.022            0.08       25,077.27 
8,000                    Hysan Development Company Ltd.          3.027            0.14       24,216.93 
54,000                             Oriental Press Group          0.470            0.02       25,377.21 
34,000                           Shun Tak Holdings Ltd.          0.668            0.04       22,700.58 
38,000                         South China Morning Post          0.668            0.04       25,370.86 
202,000                                                                                 $   246,755.13 
</TABLE>

<TABLE>
STRATEGIC FIVE TRUST UNITED STATES PORTFOLIO, SERIES 2
PORTFOLIO (VAN KAMPEN AMERICAN CAPITAL EQUITY OPPORTUNITY TRUST, SERIES 30)
as of the Initial Date of Deposit: May 7, 1996
<CAPTION>
                                                                           Estimated                     
                                                                           Annual         Cost of        
Number                                                    Market Value     Dividends per  Securities     
of Shares    Name of Issuer <F1>                          per Share <F2>   Share <F2>     to Trust <F2>  
<S>          <C>                                          <C>              <C>            <C>            
528                                  Chevron Corporation  $       56.000   $        2.00  $    29,568.00 
377                    E.I. du Pont de Nemours & Company          78.250            2.28       29,500.25 
388                             General Electric Company          76.250            1.84       29,585.00 
544                           General Motors Corporation          54.375            1.60       29,580.00 
461             Minnesota Mining & Manufacturing Company          65.750            1.88       30,310.75 
2,298                                                                                     $   148,544.00 
   

NOTES TO PORTFOLIOS 

   
<FN>
<F1>All of the Securities are represented by "regular way" contracts for
the performance of which an irrevocable letter of credit has been deposited
with the Trustee. At the Initial Date of Deposit, the Sponsor has assigned to
the Trustee all of its right, title and interest in and to such Securities.
Contracts to acquire Securities were entered into on May 3, 1996, May 6, 1996
and May 7, 1996 and are expected to settle on May 9, 1996 and May 7, 1996.
(see "The Fund" ).

<F2>The market value of each of the Equity Securities is based on the closing sale
price of each Security on the applicable exchange (converted into U.S. dollars
at the offer side of the exchange rate at the Evaluation Time and includes the
commissions and stamp taxes associated with acquiring the Securities in the
case of the Foreign Trusts) on the day prior to the Initial Date of Deposit
for the United States Trusts and on the Initial Date of Deposit for the
Foreign Trusts. Estimated annual dividends are based on the most recently
declared dividends or, in the case of the Foreign Trusts, on the most recent
interim and final dividends declared (converted into U.S. dollars at the offer
side of the exchange rate at the Evaluation Time). Other information regarding
the Securities in the Fund, as of the Initial Date of Deposit (converted into
U.S. dollars at the offer side of the exchange rate at the Evaluation Time in
the case of the Foreign Trusts), is as follows:  
</TABLE>

<TABLE>
<CAPTION>
                                                                     Aggregate         
                                       Cost To      Profit (Loss)    Estimated Annual  
                                       Sponsor      To Sponsor       Dividends         
<S>                                    <C>          <C>              <C>               
Strategic Ten United States Trust      $   148,167  $            --  $           4,960 
Strategic Ten United Kingdom Trust     $   150,822  $         (791)  $           7,695 
Strategic Ten Hong Kong Trust          $   247,011  $         (256)  $          11,649 
Strategic Five United States Trust     $   148,544  $            --  $           4,367 
</TABLE>

<TABLE>
<CAPTION>
Title                                       Page
<S>                                      <C>    
Summary of Essential Financial                  
Information                                    5
The Fund                                      10
Objectives and Securities Selection           11
Trust Portfolios                              13
Risk Factors                                  26
Taxation                                      34
Fund Operating Expenses                       39
Public Offering                               41
Rights of Unitholders                         45
Fund Administration                           51
Other Matters                                 55
Report of Independent Certified Public          
Accountants                                   55
Statements of Condition                       56
Portfolios                                    57
Notes to Portfolios                          591
</TABLE>
   


TABLE OF CONTENTS

This Prospectus contains information concerning the Fund and the Sponsor, but
does not contain all of the information set forth in the registration
statements and exhibits relating thereto, which the Fund has filed with the
Securities and Exchange Commission, Washington, D.C., under the Securities Act
of 1933 and the Investment Company Act of 1940, and to which reference is
hereby made.

No person is authorized to give any information or to make any representations
not contained in this Prospectus; and any information or representation not
contained herein must not be relied upon as having been authorized by the
Fund, the Sponsor or the Underwriters. This Prospectus does not constitute an
offer to sell, or a solicitation of an offer to buy, securities in any state
to any person to whom it is not lawful to make such offer in such state.

PROSPECTUS

May 7, 1996

Van Kampen American Capital Equity Opportunity Trust, Series 30
             
Strategic Ten Trust
  United States Portfolio, 
     Series 8

  United Kingdom Portfolio, 
     Series 8

  Hong Kong Portfolio, 
      Series 8

Strategic Five Trust
  United States Portfolio,
      Series 2


       A Wealth of Knowledge A Knowledge of Wealth

               VAN KAMPEN AMERICAN CAPITAL
                
                    One Parkview Plaza
             Oakbrook Terrace, Illinois 60181

                 2800 Post Oak Boulevard
                  Houston, Texas 77056

Please retain this Prospectus for future reference.
                                    
                  Contents of Post-Effective Amendment
                        to Registration Statement
     
     This   Post-Effective   Amendment  to  the  Registration   Statement
comprises the following papers and documents:
                                    
                                    
                            The facing sheet
                                    
                                    
                             The prospectus
                                    
                                    
                             The signatures
                                    
                                    
                         Financial Data Schedule
                                    

                               Signatures
     
     Pursuant  to  the requirements of the Securities Act  of  1933,  the
Registrant, Van Kampen American Capital Equity Opportunity Trust,  Series
30, certifies that it meets all of the requirements for effectiveness  of
this  Registration Statement pursuant to Rule 485(b) under the Securities
Act  of  1933  and has duly caused this Post-Effective Amendment  to  its
Registration  Statement  to be signed on its behalf  by  the  undersigned
thereunto  duly  authorized,  and its seal to  be  hereunto  affixed  and
attested, all in the City of Chicago and State of Illinois on the 8th day
of May, 1996.
                         
                         Van Kampen American Capital Equity Opportunity
                           Trust, Series 30
                           (Registrant)
                         
                         By Van Kampen American Capital Distributors,
                            Inc.
                            (Depositor)
                         
                         By: Sandra A. Waterworth
                             Vice President
     
     Pursuant  to  the requirements of the Securities Act of  1933,  this
Post  Effective Amendment to the Registration Statement has  been  signed
below by the following persons in the capacities on May 8, 1996:

 Signature                  Title

Don G. Powell         Chairman and Chief           )
                      Executive Officer            )
                                                   )
William R. Molinari   President and Chief          )
                      Operating Officer            )
                                                   )
Ronald A. Nyberg      Executive Vice President     )
                      and General Counsel          )
                                                   )
William R. Rybak      Executive Vice President and )
                       Chief  Financial Officer    )

                                                   Sandra A. Waterworth
                                                   (Attorney in Fact)*
____________________

*    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 Insured  Municipals  Income
     Trust  and  Investors'  Quality Tax-Exempt Trust,  Multi-Series  203
     (File No. 33-65744) and with the Registration Statement on Form  S-6
     of Insured Municipals Income Trust, 170th Insured Multi-Series (File
     No.  33-55891) and the same are hereby incorporated herein  by  this
     reference.


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This report reflects the current period taken from 487 on May 7, 1996 it is
unaudited
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> DFIV
       
<CAPTION>
<S>                         <C>                  
<PERIOD-TYPE>               YEAR                 
<FISCAL-YEAR-END>               JUN-19-1997     
<PERIOD-START>                  MAY-07-1996     
<PERIOD-END>                    MAY-07-1996     
<INVESTMENTS-AT-COST>                148544     
<INVESTMENTS-AT-VALUE>               148544     
<RECEIVABLES>                         28128     
<ASSETS-OTHER>                            0     
<OTHER-ITEMS-ASSETS>                      0     
<TOTAL-ASSETS>                       176672     
<PAYABLE-FOR-SECURITIES>                  0     
<SENIOR-LONG-TERM-DEBT>                   0     
<OTHER-ITEMS-LIABILITIES>             28128     
<TOTAL-LIABILITIES>                   28128     
<SENIOR-EQUITY>                           0     
<PAID-IN-CAPITAL-COMMON>             148544     
<SHARES-COMMON-STOCK>                 15000     
<SHARES-COMMON-PRIOR>                     0     
<ACCUMULATED-NII-CURRENT>                 0     
<OVERDISTRIBUTION-NII>                    0     
<ACCUMULATED-NET-GAINS>                   0     
<OVERDISTRIBUTION-GAINS>                  0     
<ACCUM-APPREC-OR-DEPREC>                  0     
<NET-ASSETS>                         148544     
<DIVIDEND-INCOME>                         0     
<INTEREST-INCOME>                         0     
<OTHER-INCOME>                            0     
<EXPENSES-NET>                            0     
<NET-INVESTMENT-INCOME>                   0     
<REALIZED-GAINS-CURRENT>                  0     
<APPREC-INCREASE-CURRENT>                 0     
<NET-CHANGE-FROM-OPS>                     0     
<EQUALIZATION>                            0     
<DISTRIBUTIONS-OF-INCOME>                 0     
<DISTRIBUTIONS-OF-GAINS>                  0     
<DISTRIBUTIONS-OTHER>                     0     
<NUMBER-OF-SHARES-SOLD>                   0     
<NUMBER-OF-SHARES-REDEEMED>               0     
<SHARES-REINVESTED>                       0     
<NET-CHANGE-IN-ASSETS>                    0     
<ACCUMULATED-NII-PRIOR>                   0     
<ACCUMULATED-GAINS-PRIOR>                 0     
<OVERDISTRIB-NII-PRIOR>                   0     
<OVERDIST-NET-GAINS-PRIOR>                0     
<GROSS-ADVISORY-FEES>                     0     
<INTEREST-EXPENSE>                        0     
<GROSS-EXPENSE>                           0     
<AVERAGE-NET-ASSETS>                      0     
<PER-SHARE-NAV-BEGIN>                     0     
<PER-SHARE-NII>                           0     
<PER-SHARE-GAIN-APPREC>                   0     
<PER-SHARE-DIVIDEND>                      0     
<PER-SHARE-DISTRIBUTIONS>                 0     
<RETURNS-OF-CAPITAL>                      0     
<PER-SHARE-NAV-END>                       0     
<EXPENSE-RATIO>                           0     
<AVG-DEBT-OUTSTANDING>                    0     
<AVG-DEBT-PER-SHARE>                      0     
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This report reflects the current period taken from 487 on May 7, 1996 it is
unaudited
</LEGEND>
<SERIES>
<NUMBER> 081
<NAME> DTEN
       
<CAPTION>
<S>                         <C>                  
<PERIOD-TYPE>               YEAR                 
<FISCAL-YEAR-END>               JUN-19-1997     
<PERIOD-START>                  MAY-07-1996     
<PERIOD-END>                    MAY-07-1996     
<INVESTMENTS-AT-COST>                148167     
<INVESTMENTS-AT-VALUE>               148167     
<RECEIVABLES>                         61108     
<ASSETS-OTHER>                            0     
<OTHER-ITEMS-ASSETS>                      0     
<TOTAL-ASSETS>                       209275     
<PAYABLE-FOR-SECURITIES>                  0     
<SENIOR-LONG-TERM-DEBT>                   0     
<OTHER-ITEMS-LIABILITIES>             61108     
<TOTAL-LIABILITIES>                   61108     
<SENIOR-EQUITY>                           0     
<PAID-IN-CAPITAL-COMMON>             148167     
<SHARES-COMMON-STOCK>                 15000     
<SHARES-COMMON-PRIOR>                     0     
<ACCUMULATED-NII-CURRENT>                 0     
<OVERDISTRIBUTION-NII>                    0     
<ACCUMULATED-NET-GAINS>                   0     
<OVERDISTRIBUTION-GAINS>                  0     
<ACCUM-APPREC-OR-DEPREC>                  0     
<NET-ASSETS>                         148167     
<DIVIDEND-INCOME>                         0     
<INTEREST-INCOME>                         0     
<OTHER-INCOME>                            0     
<EXPENSES-NET>                            0     
<NET-INVESTMENT-INCOME>                   0     
<REALIZED-GAINS-CURRENT>                  0     
<APPREC-INCREASE-CURRENT>                 0     
<NET-CHANGE-FROM-OPS>                     0     
<EQUALIZATION>                            0     
<DISTRIBUTIONS-OF-INCOME>                 0     
<DISTRIBUTIONS-OF-GAINS>                  0     
<DISTRIBUTIONS-OTHER>                     0     
<NUMBER-OF-SHARES-SOLD>                   0     
<NUMBER-OF-SHARES-REDEEMED>               0     
<SHARES-REINVESTED>                       0     
<NET-CHANGE-IN-ASSETS>                    0     
<ACCUMULATED-NII-PRIOR>                   0     
<ACCUMULATED-GAINS-PRIOR>                 0     
<OVERDISTRIB-NII-PRIOR>                   0     
<OVERDIST-NET-GAINS-PRIOR>                0     
<GROSS-ADVISORY-FEES>                     0     
<INTEREST-EXPENSE>                        0     
<GROSS-EXPENSE>                           0     
<AVERAGE-NET-ASSETS>                      0     
<PER-SHARE-NAV-BEGIN>                     0     
<PER-SHARE-NII>                           0     
<PER-SHARE-GAIN-APPREC>                   0     
<PER-SHARE-DIVIDEND>                      0     
<PER-SHARE-DISTRIBUTIONS>                 0     
<RETURNS-OF-CAPITAL>                      0     
<PER-SHARE-NAV-END>                       0     
<EXPENSE-RATIO>                           0     
<AVG-DEBT-OUTSTANDING>                    0     
<AVG-DEBT-PER-SHARE>                      0     
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This report reflects the current period taken from 487 on May 7, 1996 it is
unaudited
</LEGEND>
<SERIES>
<NUMBER> 082
<NAME> HTEN
       
<CAPTION>
<S>                         <C>                  
<PERIOD-TYPE>               YEAR                 
<FISCAL-YEAR-END>               JUN-19-1997     
<PERIOD-START>                  MAY-07-1996     
<PERIOD-END>                    MAY-07-1996     
<INVESTMENTS-AT-COST>                246755     
<INVESTMENTS-AT-VALUE>               246755     
<RECEIVABLES>                         24638     
<ASSETS-OTHER>                            0     
<OTHER-ITEMS-ASSETS>                      0     
<TOTAL-ASSETS>                       271393     
<PAYABLE-FOR-SECURITIES>                  0     
<SENIOR-LONG-TERM-DEBT>                   0     
<OTHER-ITEMS-LIABILITIES>             24638     
<TOTAL-LIABILITIES>                   24638     
<SENIOR-EQUITY>                           0     
<PAID-IN-CAPITAL-COMMON>             246755     
<SHARES-COMMON-STOCK>                 25000     
<SHARES-COMMON-PRIOR>                     0     
<ACCUMULATED-NII-CURRENT>                 0     
<OVERDISTRIBUTION-NII>                    0     
<ACCUMULATED-NET-GAINS>                   0     
<OVERDISTRIBUTION-GAINS>                  0     
<ACCUM-APPREC-OR-DEPREC>                  0     
<NET-ASSETS>                         246755     
<DIVIDEND-INCOME>                         0     
<INTEREST-INCOME>                         0     
<OTHER-INCOME>                            0     
<EXPENSES-NET>                            0     
<NET-INVESTMENT-INCOME>                   0     
<REALIZED-GAINS-CURRENT>                  0     
<APPREC-INCREASE-CURRENT>                 0     
<NET-CHANGE-FROM-OPS>                     0     
<EQUALIZATION>                            0     
<DISTRIBUTIONS-OF-INCOME>                 0     
<DISTRIBUTIONS-OF-GAINS>                  0     
<DISTRIBUTIONS-OTHER>                     0     
<NUMBER-OF-SHARES-SOLD>                   0     
<NUMBER-OF-SHARES-REDEEMED>               0     
<SHARES-REINVESTED>                       0     
<NET-CHANGE-IN-ASSETS>                    0     
<ACCUMULATED-NII-PRIOR>                   0     
<ACCUMULATED-GAINS-PRIOR>                 0     
<OVERDISTRIB-NII-PRIOR>                   0     
<OVERDIST-NET-GAINS-PRIOR>                0     
<GROSS-ADVISORY-FEES>                     0     
<INTEREST-EXPENSE>                        0     
<GROSS-EXPENSE>                           0     
<AVERAGE-NET-ASSETS>                      0     
<PER-SHARE-NAV-BEGIN>                     0     
<PER-SHARE-NII>                           0     
<PER-SHARE-GAIN-APPREC>                   0     
<PER-SHARE-DIVIDEND>                      0     
<PER-SHARE-DISTRIBUTIONS>                 0     
<RETURNS-OF-CAPITAL>                      0     
<PER-SHARE-NAV-END>                       0     
<EXPENSE-RATIO>                           0     
<AVG-DEBT-OUTSTANDING>                    0     
<AVG-DEBT-PER-SHARE>                      0     
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This report reflects the current period taken from 487 on May 7, 1996 it is
unaudited
</LEGEND>
<SERIES>
<NUMBER> 083
<NAME> UTEN
       
<CAPTION>
<S>                         <C>                  
<PERIOD-TYPE>               YEAR                 
<FISCAL-YEAR-END>               JUN-19-1997     
<PERIOD-START>                  MAY-07-1996     
<PERIOD-END>                    MAY-07-1996     
<INVESTMENTS-AT-COST>                150031     
<INVESTMENTS-AT-VALUE>               150031     
<RECEIVABLES>                         30584     
<ASSETS-OTHER>                            0     
<OTHER-ITEMS-ASSETS>                      0     
<TOTAL-ASSETS>                       180615     
<PAYABLE-FOR-SECURITIES>                  0     
<SENIOR-LONG-TERM-DEBT>                   0     
<OTHER-ITEMS-LIABILITIES>             30584     
<TOTAL-LIABILITIES>                   30584     
<SENIOR-EQUITY>                           0     
<PAID-IN-CAPITAL-COMMON>             150031     
<SHARES-COMMON-STOCK>                 15000     
<SHARES-COMMON-PRIOR>                     0     
<ACCUMULATED-NII-CURRENT>                 0     
<OVERDISTRIBUTION-NII>                    0     
<ACCUMULATED-NET-GAINS>                   0     
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