SUPPLEMENT TO PROSPECTUS
RANSON UNIT INVESTMENT TRUST, SERIES 62
DEFINED GROWTH STRATEGY 5 & 10 (JANUARY 1998 SERIES)
The table on page 11 is replaced with the following:
<TABLE>
COMPARISON OF TOTAL RETURN (2)
<CAPTION>
Five Lowest Priced Stocks
of the Ten Highest Ten Highest Yielding
Yielding DJIA Stocks (1) DJIA Stocks (1) Dow Jones
One Year Two Year One Year Two Year Industrial
Year Strategy Strategy Strategy Strategy Average (DJIA)
------ ------------------------- --------------------- --------------------
<S> <C> <C> <C> <C> <C>
1977 3.46% 3.46% -.56% -.56% -12.70%
1978 1.50 8.93 0.79 7.55 2.69
1979 12.05 12.05 14.03 14.03 10.52
1980 40.52 35.46 27.25 22.04 21.41
1981 3.80 3.80 7.60 7.60 -3.40
1982 41.88 34.41 25.36 19.35 25.79
1983 36.11 36.11 38.75 38.75 25.68
1984 11.07 12.75 5.96 7.18 1.05
1985 37.84 37.84 29.45 29.45 32.78
1986 30.31 21.77 34.37 21.99 26.92
1987 11.06 11.06 6.02 6.03 6.02
1988 22.63 22.03 24.33 24.18 15.95
1989 10.53 10.53 24.78 24.78 31.71
1990 -15.27 23.17 -7.57 16.00 -0.58
1991 61.94 61.94 35.73 35.73 23.93
1992 23.27 13.24 7.98 10.38 7.35
1993 34.53 34.53 27.26 27.26 16.74
1994 8.08 2.90 4.12 5.89 4.99
1995 30.41 30.41 36.58 36.58 36.49
1996 26.12 33.20 28.58 32.07 28.18
1997 17.22 17.22 18.41 18.41 22.93
</TABLE>
- --------------------
(1) The Five Lowest Priced Stocks of the Ten Highest Yielding DJIA Stocks and
the Ten Highest Yielding DJIA Stocks for any given period were selected by
ranking the dividend yields for each of the stocks in the DJIA as of the
beginning of the period (each year for the One Year Strategy columns and
every other year for the Two Year Strategy columns commencing December 31,
1976), based upon an annualization of the last quarterly or semi-annual
ordinary dividend distribution (which would have been declared in the
preceding year) divided by that stock's market value on the first trading
day on the New York Stock Exchange in the given period.
(2) Total Return represents the sum of the percentage change in market value
of each group of stocks between the first trading day of a period and the
total dividends paid on each group of stocks during the period divided by
the opening market value of each group of stocks as of the first trading
day of a period. Total Return does not take into consideration any sales
charges, commissions, expenses or taxes. Total Return does not take into
consideration any reinvestment of dividend income. Based on the
hypothetical returns contained in the table, over the 21 calendar years
above, the Five Lowest Priced Stocks of the Ten Highest Yielding DJIA
Stocks One Year Strategy and the Ten Highest Yielding DJIA Stocks One Year
Strategy achieved an average annual total return of 20.50% and 18.04%,
respectively, as compared to the average annual total return of the DJIA
which was 14.90%. Based on the hypothetical returns contained in the
table, over the 21 calendar years above, the Five Lowest priced Stocks of
the Ten Highest Yielding DJIA Stocks Two Year Strategy and the Ten Highest
Yielding DJIA Stocks Two Year Strategy achieved an average annual total
return of 21.77% and 19.07%, respectively. Although the Trusts seek to
achieve a better performance than the DJIA, there can be no assurance that
either Trust will outperform the DJIA over its two year life or over
consecutive rollover periods, if available.
January 6, 1998
