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NUVEEN TAX-EXEMPT UNIT TRUSTS
Supplement to the Prospectus
The Prospectus currently provides that Units may be purchased in the
primary or secondary market at the Public Offering Price for non-breakpoint
purchases minus the concession the Sponsor typically allows to brokers and
dealers for non-breakpoint purchases by (1) investors who purchase Units
through registered investment advisors, certified financial planners and
registered broker-dealers who in each case either charge periodic fees for
financial planning, investment advisory or asset management services, or
provide such services in connection with the establishment of an investment
account for which a comprehensive "wrap fee" charge is imposed and (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. Effective as of the date of this Supplement,
the Sponsor has extended this attractive purchase offer to: (1) any person and
his or her immediate family (which includes his or her spouse and children
under 21 years of age) who for at least 90 days, has been an officer, director
or bona fide employee of any firm offering Units for sale to investors; and
(2) 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.
February 14, 1995
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NUVEEN TAX-EXEMPT UNIT TRUSTS
SUPPLEMENT TO THE PROSPECTUS
Commencing September 1, 1995, The Chase Manhattan Bank (National Association)
will become successor to United States Trust Company of New York as Trustee of
the Nuveen Tax-Exempt Unit Trusts. This change will have no material effect
upon Unitholders of the Nuveen Tax-Exempt Unit Trusts. In addition, the
address and phone number for the Trustee listed in the Prospectus will remain
the same.
Also commencing September 1, 1995, the calculation of Estimated Long Term
Return as set forth in the Prospectus for each Nuveen Tax-Exempt Unit Trust
will be modified in accordance with accepted unit investment trust industry
practice as follows:
"In the calculation of Estimated Long Term Return, the average yield for the
Trust's portfolio is derived by weighting each Bond's yield by the market value
of the Bond and by the amount of time remaining to the date to which the Bond
is priced. The weighted average yield is then adjusted to reflect estimated
expenses, is compounded, and is reduced by a factor which represents the
amortization of the sales charge over the expected average life of the Trust.
August 31, 1995
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Nuveen Tax-Exempt Unit Trust, Series 763
RULE 497(d)
SEC FILE NO. 33-55859
September 5, 1995
This is the first page of the Prospectus Supplement dated August 31, 1995 of
the Prospectus for the above named series.
