<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NATIONAL
INSURED
TRUST 289
Estimated Current Return
5.91% to 6.15%
as of 01/30/95
Estimated Long Term Return
5.98% to 6.21%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A3 555 Monthly Payment Option
6710A3 563 Quarterly Payment Option
6710A3 571 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NATIONAL INSURED TRUST 289
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JANUARY 31, 1995
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$1,000,000 California Statewide Communities Development Authority, 2003 at 102 AAA Aaa
Certificates of Participation, Sutter Health Obligated
Group, 5.50% Due 8/15/23.
500,000 City of Chicago (Illinois), Chicago-O'Hare International 2005 at 102 AAA Aaa
Airport, General Airport Second Lien Revenue Refunding
Bonds, 1994 Series A, 6.375% Due 1/1/12.
1,000,000 Illinois Development Finance Authority, Pollution Control 2003 at 102 AAA Aaa
Revenue Refunding Bonds (Central Illinois Public Service
Company), 1993 Series B-2, 5.90% Due 6/1/28.
500,000 Illinois Educational Facilities Authority, Revenue Bonds, 2003 at 102 AAA Aaa
Illinois Wesleyan University, Series 1993, 5.625% Due
9/1/18.
500,000 City of Indianapolis, Indiana, Gas Utility System Revenue 2004 at 102 AAA Aaa
Bonds, Series 1994 A, 5.875% Due 6/1/24.
1,000,000 The Pollution Control Financing Authority of Salem County 2004 at 102 AAA Aaa
(New Jersey), Pollution Control Revenue Refunding Bonds,
1994 Series D (Public Service Electric and Gas Company
Project), 6.55% Due 10/1/29.
1,000,000 Metropolitan Transportation Authority (New York), Transit 2004 at 101 AAA Aaa
Facilities Revenue Bonds, Series O, 6.375% Due 7/1/20. 1/2
500,000 Metropolitan Transportation Authority, New York, Commuter 2004 at 101 AAA Aaa
Facilities Revenue Bonds, Series 1994A, 6.50% Due 7/1/24. 1/2
1,000,000 Lehigh County Industrial Development Authority, Pollution 2004 at 102 AAA Aaa
Control Revenue Refunding Bonds, 1994 Series B
(Pennsylvania Power & Light Company Project), 6.40% Due
9/1/29.
350,000 Bexar County (Texas), Health Facilities Development 2004 at 102 AAA Aaa
Corporation, Hospital Revenue Bonds (Baptist Memorial
Hospital System Project), Series 1994, 6.75% Due 8/15/19.
500,000 Tarrant County (Texas), Health Facilities Development 2004 at 102 AAA Aaa
Corporation, Health System Revenue Bonds (Harris Methodist
Health System), Series 1994, 6.00% Due 9/1/24. (Original
issue discount bonds delivered on or about August 4, 1994
at a price of 93.425% of principal amount.)
950,000 King County, Washington, Department of Metropolitan 2004 at 102 AAA Aaa
Services, General Obligation Sewer Revenue Bonds, 1994
Series A, 6.25% Due 1/1/34.
500,000 City of Seatac, Washington, Local Option Transportation Tax 2003 at 102 AAA Aaa
Revenue Bonds, Series 1994, 6.50% Due 12/1/13.
700,000 Washington Public Power Supply System, Nuclear Project No. 3 2003 at 102 AAA Aaa
Refunding Revenue Bonds, Series 1993B, 5.60% Due 7/1/15.
----------
$10,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect expenses and sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.15 5.91% 5.95% 5.97%
500-999 50,000-99,999 4.75 99.99 5.92 5.96 5.98
1,000-2,499 100,000-249,999 4.50 99.73 5.94 5.97 5.99
2,500-4,999 250,000-499,999 4.25 99.47 5.96 5.99 6.01
5,000-9,999 500,000-999,999 3.50 98.69 6.00 6.03 6.05
10,000-24,999 1,000,000- 2,499,999 3.00 98.19 6.03 6.07 6.08
25,000-49,999 2,500,000- 4,999,999 2.50 97.68 6.06 6.10 6.12
50,000 and over 5,000,000 and over 2.00 97.18 6.10 6.13 6.15
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.15 5.98% 6.01% 6.03%
500-999 50,000-99,999 4.75 99.99 5.99 6.02 6.04
1,000-2,499 100,000-249,999 4.50 99.73 6.01 6.04 6.06
2,500-4,999 250,000-499,999 4.25 99.47 6.02 6.05 6.07
5,000-9,999 500,000-999,999 3.50 98.69 6.07 6.10 6.12
10,000-24,999 1,000,000- 2,499,999 3.00 98.19 6.10 6.13 6.15
25,000-49,999 2,500,000- 4,999,999 2.50 97.68 6.13 6.16 6.18
50,000 and over 5,000,000 and over 2.00 97.18 6.16 6.19 6.21
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
National Insured Trust 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------ --------------
Record Date*.......................... 3/1 5/1 8/1 11/1
Distribution Date..................... 3/15 5/15 8/15 11/15
- ----------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5099(1) $ 5.9238
-------- $.4935 every month --------
Quarterly Distribution Plan........... $ .5099(1) $ .9924(2) $ 1.4886 $ 1.4886 $ 5.9558
Semi-Annual Distribution Plan......... $ .5099(1) $ .9954(3) $ 2.9862 $ 5.9748
- ----------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 2-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.10 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01645 per unit per day.
Consequently, on the first Record Date (03/01/95), accrued interest will total
$0.5099 per unit for the 31-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 03/01/95 is $.5099 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01645 Quarterly - $0.01654
Semi-Annual - $0.01659
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 14 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 8 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 9.0
Illinois 19.4
Indiana 4.8
New Jersey 10.7
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
New York 15.7
Pennsylvania 10.4
Texas 8.7
Washington 21.3
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 29.0 years. The first bond is scheduled to mature in
January, 2012, with the last bond maturity being January, 2034.
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR 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.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
782
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
INTERMEDIATE
INSURED
TRUST 77
Estimated Current Return
5.28% to 5.43%
as of 01/30/95
Estimated Long Term Return
5.43% to 5.59%
75,000 units in a
diversified $7,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67093H 836 Monthly Payment Option
67093H 844 Quarterly Payment Option
67093H 851 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, INTERMEDIATE INSURED TRUST 77
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JANUARY 31, 1995
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Ratings
Optional -----------------------
Aggregate Name of Issuer and Title of Issue Represented Redemption Standard
Principal by Sponsor's Contracts to Purchase Bonds Provisions & Poor's Moody's
<C> <C> <S> <C> <C> <C>
--------------------------------------------------------------------------------------------------------------------------
$ 300,000 City of Phoenix, Arizona, General Obligation Refunding No Optional AAA Aaa
Bonds, Series 1993A, 5.20% Due 7/1/05. Call
750,000 Pulaski County, Arkansas, Health Facilities Board (St. No Optional AAA Aaa
Vincent Infirmary), Sisters of Charity of Nazareth Health Call
Corporation, Revenue Refunding Bonds, Series 1992, 5.80%
Due 11/1/04.
500,000 State of Hawaii, General Obligation Bonds of 1995, Series No Optional AAA Aaa
CJ, 5.80% Due 1/1/05. Call
750,000 Metropolitan Water Reclamation District of Greater Chicago No Optional AAA Aaa
(Illinois), General Obligation Capital Improvement Bonds, Call
Series of January, 1995, 5.90% Due 12/1/04.
750,000 City of Worcester, Massachusetts, General Obligation Bonds, No Optional AAA Aaa
Medical City Project Loan of 1995, Series A, 6.00% Due Call
5/1/05. (When issued.)
750,000 New Jersey Economic Development Authority, Market Transition 2004 at 102 AAA Aaa
Facility Senior Lien Revenue Bonds, Series 1994A, 5.70%
Due 7/1/05.
750,000 Harris County, Texas, Toll Road Senior Lien Revenue Bonds, No Optional AAA Aaa
Series 1994A, 5.60% Due 8/15/04. Call
750,000 City of Houston, Texas, Water and Sewer System, Junior Lien No Optional AAA Aaa
Revenue Refunding Bonds, Series 1992C, 5.90% Due 12/1/05. Call
200,000 Intermountain Power Agency (Utah), Power Supply Revenue No Optional AAA Aaa
Refunding Bonds, 1989 Series B, 0.00% Due 7/1/04. Call
(Original issue discount bonds delivered on or about June
20, 1989 at a price of 35.04% of principal amount.)
500,000 Municipal Building Authority of Salt Lake County, Utah, No Optional AAA Aaa
Lease Revenue Bonds, Series 1994A, 5.70% Due 10/1/04. Call
750,000 Washington Public Power Supply System, Nuclear Project No. 1 No Optional AAA Aaa
Refunding Revenue Bonds, Series 1993A, 5.50% Due 7/1/04. Call
750,000 Wisconsin Health and Educational Facilities Authority, No Optional AAA Aaa
Wheaton Franciscan Services, Inc. System, Revenue Bonds, Call
Series 1993, 5.80% Due 8/15/04.
----------
$7,500,000
----------
----------
</TABLE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect expenses and sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.90 % $ 102.00 5.28% 5.31% 5.33%
500-999 50,000-99,999 3.70 101.79 5.29 5.32 5.34
1,000-2,499 100,000-249,999 3.50 101.58 5.30 5.33 5.35
2,500-4,999 250,000-499,999 3.25 101.31 5.31 5.34 5.36
5,000-9,999 500,000-999,999 3.00 101.05 5.33 5.36 5.38
10,000-24,999 1,000,000- 2,499,999 2.75 100.79 5.34 5.37 5.39
25,000-49,999 2,500,000- 4,999,999 2.50 100.53 5.35 5.39 5.40
50,000 and over 5,000,000 and over 2.00 100.02 5.38 5.41 5.43
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.90 % $ 102.00 5.43% 5.46% 5.48%
500-999 50,000-99,999 3.70 101.79 5.44 5.47 5.49
1,000-2,499 100,000-249,999 3.50 101.58 5.45 5.48 5.50
2,500-4,999 250,000-499,999 3.25 101.31 5.46 5.49 5.51
5,000-9,999 500,000-999,999 3.00 101.05 5.48 5.51 5.53
10,000-24,999 1,000,000- 2,499,999 2.75 100.79 5.49 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 100.53 5.51 5.54 5.56
50,000 and over 5,000,000 and over 2.00 100.02 5.54 5.57 5.59
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Intermediate Insured Trust 1995 per Year +
<S> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------ --------------
Record Date*.......................... 3/1 5/1 8/1 11/1
Distribution Date..................... 3/15 5/15 8/15 11/15
- ----------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4617(1) $ 5.3821
-------- $.4485 every month --------
Quarterly Distribution Plan........... $ .4617(1) $ .9018(2) $ 1.3527 $ 1.3527 $ 5.4141
Semi-Annual Distribution Plan......... $ .4617(1) $ .9054(3) $ 2.7162 $ 5.4331
- ----------------------------------------------------------------------------------------------------------------
<FN>
* Record Dates for semi-annual distributions are May 1 and November 1; for quarterly distributions, they are February 1, May 1,
August 1 and November 1. Record Dates for monthly distributions are the first day of each month.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
</TABLE>
<PAGE>
<TABLE>
<S> <C>
(2) The second distribution under the quarterly distribution plan represents a 2-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 2-month distribution; subsequent semi-annual
distributions will be regular 6-month distributions.
</TABLE>
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.09 of accrued
interest that will be added to the Public Offering Price on the Settlement Date.
After provision for expenses of the Fund, the daily rate of accrual from the
Date of Deposit to the first Record Date is $.01495 per unit per day.
Consequently, on the first Record Date (03/01/95), accrued interest will total
$0.4617 per unit for the 31-day period. All interest accrued from the Date of
Deposit to the first Record Date, less expenses, will be distributed on the
first Distribution Date to Unitholders of Record as of the first Record Date.
The first payment to all Unitholders of Record on 03/01/95 is $.4617 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01495 Quarterly - $0.01503
Semi-Annual - $0.01509
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 12 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 10 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
Arkansas 10.4
Arizona 3.7
Hawaii 6.9
Illinois 10.5
Massachusetts 10.7
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
New Jersey 10.2
Texas 20.6
Utah 6.8
Washington 9.8
Wisconsin 10.4
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 9.9 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2004................................. 4,450 59.3%
2005................................. 3,050 40.7
</TABLE>
- -------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the Municipal Bond Investors Assurance Corporation, which guarantees
timely payments of principal and interest. Premium payments have been fully paid
by the Date of Deposit.
- -------------------------------------------------
CALL PROTECTION Bonds are first subject to optional redemption by the issuers
in the years and at the prices shown under the Redemption Provisions column in
the Schedule of Investments. Unless otherwise stated, in subsequent years, bonds
are redeemable at declining prices, but not usually below par value. Some issues
or some portions of issues may also be subject to sinking fund redemption or
extraordinary redemption without premium prior to the dates shown.
- -------------------------------------------------
UNITS OF THE TRUST ARE NOT DEPOSITS OR OBLIGATIONS OF, OR 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.
- -------------------------------------------------
* Insurance relates specifically to the bonds and not to the units or to the
market value of units. Terms of the insurance are more fully described in the
prospectus. No representation is made as to the insurer's ability to meet its
commitments. See Section 5 of the prospectus for details.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES AND
EXPENSES, ON THIS NUVEEN TAX-EXEMPT UNIT TRUST AND ANY OTHER NUVEEN FUND, CALL
YOUR BROKER . . . OR NUVEEN AT
1-800-257-8787
READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST OR SEND MONEY.
782
