MUNICIPAL SECURITIES TRUST MULTI STATE SERIES 45
497, 1994-05-27
Previous: CENTRAL EQUITY TRUST WORLDWIDE SERIES 1, 424B1, 1994-05-27
Next: ALCO CAPITAL RESOURCE INC, 10-12G/A, 1994-05-27




                                                Rule 497(d)
                                                Registration No. 33-52829


 EARN 100% TAX-FREE INCOME!**...WITH THE MUNICIPAL SECURITIES TRUST, MULTI-
 STATE VIRGINIA SERIES

 5.63% Estimated Current Return+        5.72% Estimated Long Term Return*

                                                                              


 - 100% TAX-FREE INCOME**               - BONDS RATED "A" TO "AAA"
 Interest income is free from Federal     The bonds in the portfolio are rated
 and Virginia State income taxes.         "A" to "AAA/Aaa."

 - DIVERSIFICATION                       - MARKETABILITY

 - LOW $1,000 MINIMUM INVESTMENT         - REINVESTMENT OPTION


                                                                              

 Interest income from Municipal Securities Trust, Multi-State Virginia
 Series is, in  the opinion of bond counsel, currently  exempt from regular
 Federal income taxes  under existing  law and from  Virginia State  income
 taxes.

 Call or write for  a free Prospectus containing more  complete information
 on  Municipal  Securities Trust,  Multi-State  Virginia Series,  including
 sales charges and  expenses.  Read it carefully before  you invest or send
 money.


                                      Dealer
                                 Telephone number
                                    and address



This  announcement is neither  an offer to  sell nor a  solicitation of an
offer to  buy any of  these securities.   The  offer is made  only by  the
Prospectus and only in those States which units may legally be offered.  

+ This represents the estimated  annual current return which  is calculated
  by  dividing  the  estimated net  annual  interest  income  by the  Public
  Offering  Price per Unit on  00/00/00 based upon  the semi-annual interest
  distribution plan.  Return will vary with changes in either amount. 

* Estimated long term return is calculated by computing the average of  the
  yields to maturity (or earlier call date) of the Bonds in the portfolio of
  the  Trust in accordance with accepted bond practices (taking into account
  the amortization of  premiums, accretion of  discounts, market value,  and
  estimated  retirement of each Bond) and subtracting from the average yield
  so calculated, the fees, expenses and sales charge of the Trust. 

** Interest income is exempt, with certain exceptions, from regular Federal
   income tax and state personal income tax. 
                                                                              
   Please send  me a  prospectus on  Municipal Securities  Trust, Multi-State
    Virginia Series

    Name:                                                                     
    Street & City:                                                            
    State:                        Zip                                         
    Home Phone #                  Business Phone #                            
                                                                      




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission