<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NORTH CAROLINA
TRUST 290
(NORTH CAROLINA TRADITIONAL TRUST 290)
Estimated Current Return
First
Year: 5.10% to 5.30%
Subsequent
Years: 5.12% to 5.33%
as of 07/19/95
Estimated Long Term Return
5.21% to 5.43%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
6710A2 409 Monthly Payment Option
6710A2 417 Quarterly Payment Option
6710A2 425 Semi-Annual Payment Option
Registered in North Carolina
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--NORTH CAROLINA TRADITIONAL TRUST 290
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 20, 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 North Carolina Medical Care Commission, Hospital Revenue 2003 at 102 AA Aa
Refunding Bonds (Presbyterian Health Services Corp.
Project), Series 1993, 5.50% Due 10/1/20.
500,000 City of Charlotte, North Carolina, General Obligation Water 2004 at 102 AAA Aaa
and Sewer Bonds, Series 1994, 5.80% Due 2/1/16.
500,000 City of Charlotte, North Carolina, Refunding Certificates of 2003 at 100 AAA Aaa
Participation (Convention Facility Project), Series 1993C,
5.00% Due 12/1/21. (Original issue discount bonds
delivered on or about August 25, 1993 at a price of
90.737% of principal amount.)(AMBAC Insured.)
500,000 Craven Regional Medical Authority (North Carolina), Insured 2003 at 102 AAA Aaa
Health Care Facilities Revenue Bonds, Series 1993, 5.625%
Due 10/1/17. (MBIA Insured.)
500,000 City of Durham, North Carolina, Public Improvement Bonds, 2004 at 102 AAA Aa1
Series 1994, 4.90% Due 2/1/13. (General Obligation Bonds.)
500,000 City of Greensboro, North Carolina, Combined Enterprise 2005 at 102 AA- A1
System Revenue Bonds, Series 1995A, 5.375% Due 6/1/19.
500,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2005 at 101 AAA Aaa
1995 (General Obligation Bonds.), 5.375% Due 7/1/22. 1/2
(Original issue discount bonds delivered on or about May
4, 1995 at a price of 93.916% of principal amount.)(MBIA
Insured.)
----------
$3,500,000
----------
----------
</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 % $ 100.75 (5.10%) 5.12% (5.13%) 5.15% (5.15%) 5.17%
500-999 50,000-99,999 4.75 100.59 (5.11) 5.13 (5.14) 5.16 (5.16) 5.18
1,000-2,499 100,000-249,999 4.50 100.32 (5.12) 5.14 (5.15) 5.17 (5.17) 5.19
2,500-4,999 250,000-499,999 4.25 100.06 (5.13) 5.15 (5.16) 5.19 (5.18) 5.21
5,000-9,999 500,000-999,999 3.50 99.29 (5.17) 5.19 (5.20) 5.23 (5.22) 5.25
10,000-24,999 1,000,000- 2,499,999 3.00 98.77 (5.20) 5.22 (5.23) 5.25 (5.25) 5.27
25,000-49,999 2,500,000- 4,999,999 2.50 98.27 (5.23) 5.25 (5.26) 5.28 (5.28) 5.30
50,000 and over 5,000,000 and over 2.00 97.77 (5.25) 5.28 (5.29) 5.31 (5.30) 5.33
</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 % $ 100.75 5.21% 5.25% 5.27%
500-999 50,000-99,999 4.75 100.59 5.22 5.26 5.27
1,000-2,499 100,000-249,999 4.50 100.32 5.23 5.27 5.29
2,500-4,999 250,000-499,999 4.25 100.06 5.24 5.28 5.30
5,000-9,999 500,000-999,999 3.50 99.29 5.29 5.33 5.35
10,000-24,999 1,000,000- 2,499,999 3.00 98.77 5.32 5.35 5.37
25,000-49,999 2,500,000- 4,999,999 2.50 98.27 5.34 5.38 5.40
50,000 and over 5,000,000 and over 2.00 97.77 5.37 5.41 5.43
</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.
- --------------------------------------------------------------------------------
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
North Carolina Traditional Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 9/1 11/1 2/1 5/1
Distribution Date..................... 9/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .5871(1) $ 5.1581
-------- $.4296 every month --------
Quarterly Distribution Plan........... $ .5871(1) $ .8646(2) $ 1.2969 $ 1.2969 $ 5.1901
Semi-Annual Distribution Plan......... $ .5871(1) $ .8676(3) $ 2.6028 $ 5.2091
- --------------------------------------------------------------------------------------------------------------------
<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 $.07 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 $.01432 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.5871 per unit for the 41-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 09/01/95 is $.5871 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01432 Quarterly - $0.01441
Semi-Annual - $0.01446
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.
- --------------------------------------------------------------------------------
813
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.2 years.
The first bond is scheduled to mature in February, 2013, with the last bond
maturity being July, 2022.
- -------------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S CORPORATION
OR MOODY'S INVESTORS SERVICES
- -------------------------------------------------------
<TABLE>
<S> <C> <C>
Rating Percent of Portfolio
Category Par Value
- --------------------------------------------------------------------
AAA 71%
AA 29
---
100%
</TABLE>
- -------------------------------------------------------
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.
- -------------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------------
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.
- -------------------------------------------------------
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.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
SHORT INTERMEDIATE
INSURED
TRUST 43
Estimated Current Return
First
Year: 3.95% to 4.06%
Subsequent
Years: 3.96% to 4.07%
as of 07/19/95
Estimated Long Term Return
4.16% to 4.28%
75,000 units in a
diversified $7,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A0 585 Monthly Payment Option
6710A0 593 Quarterly Payment Option
6710A0 601 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, SHORT INTERMEDIATE INSURED TRUST 43
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 20, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 550,000 State Public Works Board of the State of California, Lease No Optional AAA Aaa
Revenue Bonds (Department of Corrections), 1993 Series E Call
(California State Prison-Madera County (II)), 4.50% Due
6/1/00.
525,000 Clovis Unified School District (Fresno County, California), No Optional AAA Aaa
1993 General Obligation Bonds, Series B Bonds, 0.00% Due Call
8/1/00. (Original issue discount bonds delivered on or
about June 30, 1993 at a price of 69.265% of principal
amount.)
750,000 Desert Sands Unified School District (California), Refunding No Optional AAA Aaa
Certificates of Participation (Measure O Project), 1993 Call
Series C, 4.65% Due 3/1/00.
175,000 State of Connecticut, Special Assessment Unemployment No Optional AAA Aaa
Compensation, Advance Fund Revenue Bonds, 1993 Series A, Call
4.60% Due 5/15/00.
750,000 The County of Cook, Illinois, General Obligation Bonds, No Optional AAA Aaa
Series 1993A, 4.60% Due 11/15/00. Call
750,000 Indiana Transportation Finance Authority, Highway Revenue No Optional AAA Aaa
Bonds, Series 1993A, 4.80% Due 6/1/00. Call
750,000 Omaha Public Power District (Nebraska), Electric System No Optional AAA Aaa
Revenue Bonds, 1993, Series A, 4.85% Due 2/1/00. Call
750,000 New York State Medical Care Facilities Finance Agency, No Optional AAA Aaa
Mental Health Services Facilities Improvement Revenue Call
Bonds, 1995 Series D,
500M-4.45% Due 8/15/00,
250M-4.60% Due 2/15/01.
(General Obligation Bonds.) (When issued.)
750,000 Delaware County Authority (Commonwealth of Pennsylvania), No Optional AAA Aaa
Hospital Revenue Bonds, Series of 1995 (Delaware County Call
Memorial Hospital), 4.40% Due 8/15/00. (When issued.)
750,000 The Pittsburgh (Pennsylvania) Water and Sewer Authority, No Optional AAA Aaa
Water and Sewer System Subordinate Revenue Bonds, Series B Call
of 1995, 4.25% Due 9/1/00. (When issued.)
1,000,000 Anderson County, South Carolina, Hospital Revenue Bonds No Optional AAA Aaa
(Anderson Area Medical Center, Inc.), Series 1993, 4.40% Call
Due 2/1/00.
----------
$7,500,000
----------
----------
</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 3.00 % $ 101.90 (3.95%) 3.96% (3.98%) 3.99% (4.00%) 4.01%
500-999 50,000-99,999 2.80 101.69 (3.96) 3.97 (3.99) 4.00 (4.01) 4.02
1,000-2,499 100,000-249,999 2.60 101.48 (3.96) 3.98 (4.00) 4.01 (4.01) 4.03
2,500-4,999 250,000-499,999 2.35 101.22 (3.97) 3.99 (4.01) 4.02 (4.02) 4.04
5,000-9,999 500,000-999,999 2.10 100.96 (3.98) 4.00 (4.02) 4.03 (4.04) 4.05
10,000-24,999 1,000,000- 2,499,999 1.85 100.70 (3.99) 4.01 (4.03) 4.04 (4.05) 4.06
25,000-49,999 2,500,000- 4,999,999 1.80 100.65 (4.00) 4.01 (4.03) 4.04 (4.05) 4.06
50,000 and over 5,000,000 and over 1.50 100.35 (4.01) 4.02 (4.04) 4.05 (4.06) 4.07
</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 3.00 % $ 101.90 4.16% 4.19% 4.21%
500-999 50,000-99,999 2.80 101.69 4.17 4.20 4.22
1,000-2,499 100,000-249,999 2.60 101.48 4.18 4.21 4.23
2,500-4,999 250,000-499,999 2.35 101.22 4.19 4.22 4.24
5,000-9,999 500,000-999,999 2.10 100.96 4.20 4.23 4.25
10,000-24,999 1,000,000- 2,499,999 1.85 100.70 4.21 4.24 4.26
25,000-49,999 2,500,000- 4,999,999 1.80 100.65 4.21 4.24 4.26
50,000 and over 5,000,000 and over 1.50 100.35 4.23 4.26 4.28
</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
Short Intermediate Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 9/1 11/1 2/1 5/1
Distribution Date..................... 9/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4596(1) $ 4.0370
-------- $.3363 every month --------
Quarterly Distribution Plan........... $ .4596(1) $ .6780(2) $ 1.0170 $ 1.0170 $ 4.0690
Semi-Annual Distribution Plan......... $ .4596(1) $ .6810(3) $ 2.0430 $ 4.0880
- --------------------------------------------------------------------------------------------------------------------
<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 $.06 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 $.01121 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4596 per unit for the 41-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 09/01/95 is $.4596 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01121 Quarterly - $0.01130
Semi-Annual - $0.01135
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 8 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
California 18.7
Connecticut 2.5
Illinois 10.9
Indiana 11.4
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
Nebraska 11.5
New York 10.6
Pennsylvania 20.5
South Carolina 13.9
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 4.9 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2000................................. 7,250 96.7%
2001................................. 250 3.3
</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.
813
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
CALIFORNIA
INSURED
TRUST 3
Estimated Current Return
First
Year: 3.92% to 4.04%
Subsequent
Years: 3.94% to 4.05%
as of 07/19/95
Estimated Long Term Return
4.18% to 4.30%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67100N 164 Monthly Payment Option
67100N 172 Quarterly Payment Option
67100N 180 Semi-Annual Payment Option
Registered in California
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, CALIFORNIA SHORT INTERMEDIATE
INSURED TRUST 3
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 20, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 365,000 California Health Facilities Financing Authority, Insured No Optional AAA Aaa
Health Facility Refunding Revenue Bonds (Catholic Call
Healthcare West), 1994 Series A, 4.25% Due 7/1/00.
750,000 State Public Works Board of the State of California, Lease No Optional AAA Aaa
Revenue Bonds (Department of Corrections), 1993 Series E Call
(California State Prison-Madera County (II)), 4.50% Due
6/1/00.
375,000 Clovis Unified School District (Fresno County, California), No Optional AAA Aaa
1993 General Obligation Bonds, Series B Bonds, 0.00% Due Call
8/1/00. (Original issue discount bonds delivered on or
about June 30, 1993 at a price of 69.265% of principal
amount.)
750,000 Desert Sands Unified School District (California), Refunding No Optional AAA Aaa
Certificates of Participation (Measure O Project), 1993 Call
Series C, 4.65% Due 3/1/00.
750,000 East Bay Municipal Utility District (Alameda and Contra No Optional AAA Aaa
Costa Counties, California), Water System Subordinated Call
Revenue Refunding Bonds, Series 1993A, 4.40% Due 6/1/00.
750,000 Department of Airports of the City of Los Angeles, No Optional AAA Aaa
California, Los Angeles International Airport Refunding Call
Revenue Bonds, 1995 Series C, 5.00% Due 5/15/01. (When
issued.)
715,000 Los Angeles County Metropolitan Transportation Authority No Optional AAA Aaa
(California), Proposition C Sales Tax Revenue Bonds, Call
Second Senior Bonds, Series 1995-A, 4.40% Due 7/1/00.
(When issued.)
545,000 Templeton Unified School District, San Luis Obispo County, No Optional AAA Aaa
California, Certificates of Participation for Measure C Call
Capital Projects, Series 1993A for Project Phase III,
4.50% Due 3/1/00.
----------
$5,000,000
----------
----------
</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 3.00 % $ 101.76 (3.92%) 3.94% (3.96%) 3.97% (3.97%) 3.99%
500-999 50,000-99,999 2.80 101.55 (3.93) 3.95 (3.96) 3.98 (3.98) 4.00
1,000-2,499 100,000-249,999 2.60 101.34 (3.94) 3.96 (3.97) 3.99 (3.99) 4.01
2,500-4,999 250,000-499,999 2.35 101.09 (3.95) 3.97 (3.98) 4.00 (4.00) 4.02
5,000-9,999 500,000-999,999 2.10 100.83 (3.96) 3.98 (3.99) 4.01 (4.01) 4.03
10,000-24,999 1,000,000- 2,499,999 1.85 100.57 (3.97) 3.99 (4.00) 4.02 (4.02) 4.04
25,000-49,999 2,500,000- 4,999,999 1.80 100.52 (3.97) 3.99 (4.00) 4.02 (4.02) 4.04
50,000 and over 5,000,000 and over 1.50 100.21 (3.98) 4.00 (4.02) 4.03 (4.04) 4.05
</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 3.00 % $ 101.76 4.18% 4.21% 4.23%
500-999 50,000-99,999 2.80 101.55 4.19 4.22 4.24
1,000-2,499 100,000-249,999 2.60 101.34 4.20 4.23 4.25
2,500-4,999 250,000-499,999 2.35 101.09 4.21 4.24 4.26
5,000-9,999 500,000-999,999 2.10 100.83 4.22 4.25 4.27
10,000-24,999 1,000,000- 2,499,999 1.85 100.57 4.23 4.26 4.28
25,000-49,999 2,500,000- 4,999,999 1.80 100.52 4.23 4.26 4.28
50,000 and over 5,000,000 and over 1.50 100.21 4.25 4.28 4.30
</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.
- --------------------------------------------------------------------------------
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
California Short Intermediate Insured Distributions
Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 9/1 11/1 2/1 5/1
Distribution Date..................... 9/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4567(1) $ 4.0107
-------- $.3342 every month --------
Quarterly Distribution Plan........... $ .4567(1) $ .6732(2) $ 1.0098 $ 1.0098 $ 4.0427
Semi-Annual Distribution Plan......... $ .4567(1) $ .6768(3) $ 2.0304 $ 4.0617
- --------------------------------------------------------------------------------------------------------------------
<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 $.06 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 $.01114 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4567 per unit for the 41-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 09/01/95 is $.4567 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01114 Quarterly - $0.01122
Semi-Annual - $0.01128
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.
- --------------------------------------------------------------------------------
813
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 5.0 years.
The first bond is scheduled to mature in March, 2000, with the last bond
maturity being May, 2001.
- -------------------------------------------------------
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.
- -------------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------------
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.
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
NEW YORK
INSURED
TRUST 238
Estimated Current Return
5.38% to 5.60%
as of 07/19/95
Estimated Long Term Return
5.49% to 5.70%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101K 433 Monthly Payment Option
67101K 441 Quarterly Payment Option
67101K 458 Semi-Annual Payment Option
Registered in New York, Connecticut & Florida
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, NEW YORK INSURED TRUST 238
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 20, 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 Dormitory Authority of the State of New York, Mount Sinai 2004 at 102 AAA Aaa
School of Medicine, Insured Revenue Bonds, Series 1994A,
5.00% Due 7/1/21.
750,000 Dormitory Authority of the State of New York, State 2004 at 102 AAA Aaa
University Educational Facilities Revenue Bonds, Series
1993C, 5.40% Due 5/15/23.
750,000 Dormitory Authority of the State of New York, Revenue Bonds, 2004 at 102 AAA Aaa
Upstate Community Colleges, Series 1994A, 5.70% Due
7/1/21.
750,000 New York State Energy Research and Development Authority, 2003 at 102 AAA Aaa
Facilities Refunding Revenue Bonds, Series 1993 B
(Consolidated Edison Company of New York, Inc. Project),
5.25% Due 8/15/20.
750,000 The City of New York, New York, General Obligation Bonds, 2003 at 101 AAA Aaa
Fiscal 1994 Series C, 5.625% Due 10/1/12. 1/2
750,000 Metropolitan Transportation Authority (New York), Transit 2004 at 101 AAA Aaa
Facilities Revenue Bonds, Series O, 6.00% Due 7/1/24. 1/2
(Original issue discount bonds delivered on or about July
12, 1994 at a price of 94.875% of principal amount.)
750,000 New York City (New York), Municipal Water Finance Authority, 2004 at 101 AAA Aaa
Water and Sewer System Revenue Bonds, Fixed Rate Fiscal 1/2
1994 Series F, 5.75% Due 6/15/20.
----------
$5,000,000
----------
----------
</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 % $ 99.42 5.38% 5.41% 5.43%
500-999 50,000-99,999 4.75 99.27 5.39 5.42 5.44
1,000-2,499 100,000-249,999 4.50 99.01 5.40 5.43 5.45
2,500-4,999 250,000-499,999 4.25 98.75 5.42 5.45 5.47
5,000-9,999 500,000-999,999 3.50 97.98 5.46 5.49 5.51
10,000-24,999 1,000,000- 2,499,999 3.00 97.47 5.49 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 96.97 5.51 5.55 5.57
50,000 and over 5,000,000 and over 2.00 96.48 5.54 5.58 5.60
</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 % $ 99.42 5.49% 5.52% 5.54%
500-999 50,000-99,999 4.75 99.27 5.49 5.52 5.54
1,000-2,499 100,000-249,999 4.50 99.01 5.51 5.54 5.56
2,500-4,999 250,000-499,999 4.25 98.75 5.52 5.55 5.57
5,000-9,999 500,000-999,999 3.50 97.98 5.57 5.60 5.62
10,000-24,999 1,000,000- 2,499,999 3.00 97.47 5.60 5.63 5.65
25,000-49,999 2,500,000- 4,999,999 2.50 96.97 5.63 5.66 5.68
50,000 and over 5,000,000 and over 2.00 96.48 5.66 5.68 5.70
</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.
- --------------------------------------------------------------------------------
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
New York Insured Trust 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 9/1 11/1 2/1 5/1
Distribution Date..................... 9/15 11/15 2/15 5/15
- --------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .6088(1) $ 5.3477
-------- $.4455 every month --------
Quarterly Distribution Plan........... $ .6088(1) $ .8964(2) $ 1.3446 $ 1.3446 $ 5.3797
Semi-Annual Distribution Plan......... $ .6088(1) $ .8994(3) $ 2.6982 $ 5.3987
- --------------------------------------------------------------------------------------------------------------------
<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 $.07 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 $.01485 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.6088 per unit for the 41-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 09/01/95 is $.6088 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01485 Quarterly - $0.01494
Semi-Annual - $0.01499
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.
- --------------------------------------------------------------------------------
813
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.1 years.
The first bond is scheduled to mature in October, 2012, with the last bond
maturity being July, 2024.
- -------------------------------------------------------
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.
- -------------------------------------------------------
NO CHARGE FOR REDEMPTION The Trustee, United States Trust Company of New York,
will redeem units at net asset value. In addition, John Nuveen & Co.
Incorporated intends to maintain a secondary market for this Nuveen Tax-Exempt
Unit Trust. Inasmuch as all securities investments are subject to market price
fluctuation, net asset value at the time of redemption could be more or less
than the initial investment.
- -------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- -------------------------------------------------------
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.