<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NATIONAL
INSURED
TRUST 296
Estimated Current Return
First
Year: 5.39% to 5.61%
Subsequent
Years: 5.42% to 5.63%
as of 05/17/95
Estimated Long Term Return
5.43% to 5.65%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A3 761 Monthly Payment Option
6710A3 779 Quarterly Payment Option
6710A3 787 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 296
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 18, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 100,000 The Special Care Facilities Financing Authority of the City 2005 at 102 AAA Aaa
of Birmingham (Alabama), Baptist Medical Centers, Revenue
Bonds, Series 1995-B (Baptist Health System, Inc.), 6.00%
Due 11/15/24.
900,000 City of Chicago (Illinois), Wastewater Transmission Revenue 2005 at 102 AAA Aaa
Bonds, Series 1994, 6.375% Due 1/1/24.
1,000,000 Illinois Health Facilities Authority, Revenue Bonds, Series 2004 at 102 AAA Aaa
1994A (Northwestern Memorial Hospital), 6.00% Due 8/15/24.
500,000 Metropolitan Pier and Exposition Authority (Illinois), Mc No Optional AAA Aaa
Cormick Place Expansion Project Bonds, Series 1994B, 0.00% Call
Due 6/15/22. (Original issue discount bonds delivered on
or about June 23, 1994 at a price of 15.821% of principal
amount.)
250,000 Indiana Health Facility Financing Authority, Hospital 2005 at 102 AAA Aaa
Revenue Bonds, Series 1995 (Marion General Hospital
Project), 6.00% Due 7/1/16.
250,000 Leslie Public Schools, Counties of Ingham and Jackson, State 2005 at 101 AAA Aaa
of Michigan, 1995 School Building and Site and Refunding
Bonds, 6.00% Due 5/1/25. (General Obligation Bonds.) (When
issued.)
1,000,000 Pennsylvania Intergovernmental Cooperation Authority, 2003 at 100 AAA Aaa
Special Tax Revenue Refunding Bonds (City of Philadelphia
Funding Program), Series of 1993A, 5.00% Due 6/15/22.
(Original issue discount bonds delivered on or about
September 14, 1993 at a price of 92.134% of principal
amount.)
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.
1,000,000 Rhode Island Health and Educational Building Corporation, 2003 at 102 AAA Aaa
Higher Education Facility Revenue and Refunding Bonds,
Board of Governors For Higher Education, Various Purpose
Educational Facilities Issue, Series 1993 B, 5.25% Due
9/15/23. (Original issue discount bonds delivered on or
about July 29, 1993 at a price of 91.625% of principal
amount.)
1,000,000 Tyler Junior College District (Smith and Van Zandt Counties, 2004 at 100 AAA Aaa
Texas), Combined Fee Improvement Revenue and Refunding
Bonds, Series 1994, 5.90% Due 8/15/14.
1,500,000 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 Wisconsin Health and Educational Facilities Authority, 2004 at 102 AAA Aaa
Revenue Bonds, Series 1994A (Froedtert Memorial Lutheran
Hospital, Inc.), 6.00% Due 10/1/19.
1,000,000 Natrona County, Wyoming, Hospital Revenue Bonds (Wyoming 2006 at 101 AAA Aaa
Medical Center Project), Series 1995, 6.00% Due 9/15/24.
(When issued.)
----------
$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> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 100.13 (5.39%) 5.42% (5.43%) 5.45% (5.45%) 5.47%
500-999 50,000-99,999 4.75 99.97 (5.40) 5.42 (5.44) 5.46 (5.45) 5.48
1,000-2,499 100,000-249,999 4.50 99.71 (5.42) 5.44 (5.45) 5.47 (5.47) 5.49
2,500-4,999 250,000-499,999 4.25 99.45 (5.43) 5.45 (5.46) 5.49 (5.48) 5.50
5,000-9,999 500,000-999,999 3.50 98.67 (5.47) 5.50 (5.51) 5.53 (5.53) 5.55
10,000-24,999 1,000,000- 2,499,999 3.00 98.17 (5.50) 5.52 (5.53) 5.56 (5.55) 5.58
25,000-49,999 2,500,000- 4,999,999 2.50 97.66 (5.53) 5.55 (5.56) 5.59 (5.58) 5.61
50,000 and over 5,000,000 and over 2.00 97.16 (5.56) 5.58 (5.59) 5.61 (5.61) 5.63
</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 % $ 100.13 5.43% 5.46% 5.48%
500-999 50,000-99,999 4.75 99.97 5.44 5.46 5.48
1,000-2,499 100,000-249,999 4.50 99.71 5.45 5.48 5.50
2,500-4,999 250,000-499,999 4.25 99.45 5.46 5.49 5.51
5,000-9,999 500,000-999,999 3.50 98.67 5.51 5.54 5.56
10,000-24,999 1,000,000- 2,499,999 3.00 98.17 5.54 5.57 5.59
25,000-49,999 2,500,000- 4,999,999 2.50 97.66 5.57 5.60 5.62
50,000 and over 5,000,000 and over 2.00 97.16 5.60 5.63 5.65
</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 the Date of Deposit. Figures in
brackets represent the current return. The first year's estimated current
returns are slightly lower than those for subsequent years because a portion
of the monies received in the first year only will be treated as a return of
principal due to the inclusion in the portfolio of "when issued" or other
Bonds having delivery dates after the date of settlement for a purchase made
on the Date of Deposit.
(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 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 7/1 8/1 11/1 2/1 5/1
Distribution Date..................... 7/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .6475(1) $ 5.4231
-------- $.4518 every month --------
Quarterly Distribution Plan........... $ .6475(1) $ .4545(2) $ 1.3635 $ 1.3635 $ 1.3635 $ 5.4551
Semi-Annual Distribution Plan......... $ .6475(1) $ 1.8240(3) $ 2.7360 $ 5.4741
- ---------------------------------------------------------------------------------------------------------------------------------
<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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 4-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 $.11 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 $.01506 per unit per day.
Consequently, on the first Record Date (07/01/95), accrued interest will total
$0.6475 per unit for the 43-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 07/01/95 is $.6475 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01506 Quarterly - $0.01515
Semi-Annual - $0.01520
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 13 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>
- ------------------------
%
Alabama 1.1
Illinois 20.7
Indiana 2.7
Michigan 2.7
Pennsylvania 20.3
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Rhode Island 9.3
Texas 10.5
Washington 16.7
Wisconsin 5.3
Wyoming 10.7
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 29.3 years. The first bond is scheduled to mature in
August, 2014, 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.
803
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
INTERMEDIATE
INSURED
TRUST 79
Estimated Current Return
First
Year: 4.58% to 4.72%
Subsequent
Years: 4.63% to 4.77%
as of 05/17/95
Estimated Long Term Return
4.82% to 4.96%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67093J 105 Monthly Payment Option
67093J 113 Quarterly Payment Option
67093J 121 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 79
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT MAY 18, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 San Francisco (California), Bay Area Rapid Transit District, No Optional AAA Aaa
Sales Tax Revenue Bonds, Series 1995, 5.15% Due 7/1/05. Call
(When issued.)
500,000 Delaware Transportation Authority, Transportation System No Optional AAA Aaa
Junior Revenue Bonds, 1993 Series, 5.00% Due 7/1/05. Call
500,000 Douglas County School District (Georgia), General Obligation No Optional AAA Aaa
School Bonds, Series 1995, 5.25% Due 1/1/05. (When Call
issued.)
500,000 City of Chicago (Illinois), Chicago-O'Hare International 2004 at 102 AAA Aaa
Airport, General Airport Revenue Refunding Bonds, 1993
Series A, 4.80% Due 1/1/05.
500,000 Indiana Educational Facilities Authority, Educational No Optional AAA Aaa
Facilities Revenue Bonds, Series 1995 (Rose-Hulman Call
Institute of Technology Project), 5.25% Due 6/1/05. (When
issued.)
250,000 City of New Orleans, Louisiana, General Obligation Refunding No Optional AAA Aaa
Bonds, Series 1991, 0.00% Due 9/1/05. (Original issue Call
discount bonds delivered on or about September 30, 1991 at
a price of 39.159% of principal amount.)
500,000 Massachusetts Bay Transportation Authority, General No Optional AAA Aaa
Transportation System Bonds, 1993 Series A Refunding, Call
5.30% Due 3/1/05. (General Obligation Bonds.)
300,000 Mona Shores Public Schools, County of Muskegon, State of No Optional AAA Aaa
Michigan, 1995 School Building and Site Bonds, 5.20% Due Call
5/1/05. (General Obligation Bonds.) (When issued.)
200,000 Industrial Development Authority of the City of Chesapeake 2004 at 102 AAA Aaa
(Virginia), Public Facility Lease Revenue Bonds (City of
Chesapeake Jail Project), Series of 1994, 5.40% Due
6/1/05.
750,000 Washington Public Power Supply System, Nuclear Project No. 3 No Optional AAA Aaa
Refunding Revenue Bonds, Series 1993C, 5.00% Due 7/1/05. Call
500,000 Natrona County, Wyoming, Hospital Revenue Bonds (Wyoming No Optional AAA Aaa
Medical Center Project), Series 1995, 5.45% Due 9/15/05. Call
(When issued.)
----------
$5,000,000
----------
----------
</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> <C> <C> <C>
50-499 $5,000-$49,999 3.90 % $ 101.45 (4.58%) 4.63% (4.61%) 4.66% (4.63%) 4.68%
500-999 50,000-99,999 3.70 101.24 (4.59) 4.64 (4.62) 4.67 (4.64) 4.69
1,000-2,499 100,000-249,999 3.50 101.03 (4.60) 4.65 (4.63) 4.68 (4.65) 4.70
2,500-4,999 250,000-499,999 3.25 100.76 (4.61) 4.66 (4.64) 4.69 (4.66) 4.71
5,000-9,999 500,000-999,999 3.00 100.51 (4.62) 4.67 (4.65) 4.70 (4.67) 4.72
10,000-24,999 1,000,000- 2,499,999 2.75 100.25 (4.63) 4.68 (4.66) 4.71 (4.68) 4.73
25,000-49,999 2,500,000- 4,999,999 2.50 99.99 (4.64) 4.69 (4.68) 4.73 (4.69) 4.74
50,000 and over 5,000,000 and over 2.00 99.48 (4.67) 4.72 (4.70) 4.75 (4.72) 4.77
</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 % $ 101.45 4.82% 4.84% 4.86%
500-999 50,000-99,999 3.70 101.24 4.83 4.85 4.87
1,000-2,499 100,000-249,999 3.50 101.03 4.84 4.86 4.88
2,500-4,999 250,000-499,999 3.25 100.76 4.85 4.87 4.89
5,000-9,999 500,000-999,999 3.00 100.51 4.86 4.89 4.91
10,000-24,999 1,000,000- 2,499,999 2.75 100.25 4.87 4.90 4.92
25,000-49,999 2,500,000- 4,999,999 2.50 99.99 4.89 4.91 4.93
50,000 and over 5,000,000 and over 2.00 99.48 4.91 4.94 4.96
</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 the Date of Deposit. Figures in
brackets represent the current return. The first year's estimated current
returns are slightly lower than those for subsequent years because a portion
of the monies received in the first year only will be treated as a return of
principal due to the inclusion in the portfolio of "when issued" or other
Bonds having delivery dates after the date of settlement for a purchase made
on the Date of Deposit.
(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 1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 7/1 8/1 11/1 2/1 5/1
Distribution Date..................... 7/15 8/15 11/15 2/15 5/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5602(1) $ 4.6930
-------- $.3909 every month --------
Quarterly Distribution Plan........... $ .5602(1) $ .3936(2) $ 1.1808 $ 1.1808 $ 1.1808 $ 4.7250
Semi-Annual Distribution Plan......... $ .5602(1) $ 1.5804(3) $ 2.3706 $ 4.7440
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
</TABLE>
<PAGE>
<TABLE>
<S> <C>
* 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 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 4-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 $.01303 per unit per day.
Consequently, on the first Record Date (07/01/95), accrued interest will total
$0.5602 per unit for the 43-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 07/01/95 is $.5602 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01303 Quarterly - $0.01312
Semi-Annual - $0.01317
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 11 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>
- ------------------------
%
California 10.5
Delaware 10.2
Georgia 10.7
Illinois 9.8
Indiana 10.7
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Massachusetts 10.8
Michigan 6.4
Virginia 4.4
Washington 15.4
Wyoming 11.1
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 10.0 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2005................................. 5,000 100%
</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.
803
