PAINEWEBBER EQUITY TRUST GROWTH STOCK SERIES 19, 497, 1997-07-01

PAINEWEBBER EQUITY TRUST GROWTH STOCK SERIES 19
497, 1997-07-01

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                              Filed Pursuant to Rule 497 (e)
                              Registration File No.:   033-
59117



                    PROSPECTUS SUPPLEMENT
                     DATED JULY 1, 1997

     This Prospectus Supplement dated July 1, 1997 modifies
the Prospectus for the PaineWebber Equity Trust, Growth
Stock Series 19 (the Demogrowthics Trust) dated March 25,
1997 (referred to herein as the "Trust") attached hereto
(the "Prospectus").

     Alliance Entertainment Corporation, an issuer of one of
the equity securities held in the Trust, has been sold from
the Trust portfolio.  The Sponsor directed the Trustee to
liquidate all such Alliance Entertainment Corporation
securities reflecting the occurrence of materially adverse
credit factors, that in the opinion of the Sponsor, made
retention of such securities not in the best interests of
the Unitholders.