<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
VIRGINIA
TRUST 302
(VIRGINIA TRADITIONAL TRUST 302)
Estimated Current Return
5.36% to 5.57%
as of 07/28/95
Estimated Long Term Return
5.45% to 5.66%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
6706L5 762 Monthly Payment Option
6706L5 770 Quarterly Payment Option
6706L5 788 Semi-Annual Payment Option
Registered in Virginia
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--VIRGINIA TRADITIONAL TRUST 302
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 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>
--------------------------------------------------------------------------------------------------------------------------
$ 400,000 Metropolitan Washington Airports Authority (District of 2003 at 102 AAA Aaa
Columbia and Virginia), Airport System Revenue and
Refunding Bonds, Series 1993A, 5.25% Due 10/1/22. (MBIA
Insured.)
500,000 Washington Metropolitan Area Transit Authority (District of 2004 at 102 AAA Aaa
Columbia), Gross Revenue Transit Refunding Bonds, Series
1993, 5.25% Due 7/1/14. (FGIC Insured.)
365,000 Virginia Commonwealth University, General Revenue Pledge 2005 at 102 AA- A1
Bonds, Series 1995, 5.75% Due 5/1/15.
510,000 Industrial Development Authority of Fairfax County, No Optional AAA Aaa
Virginia, Hospital Revenue Refunding Bonds (Inova Health Call
System Hospitals Project), Series 1993A, 5.00% Due
8/15/14. (FSA Insured.)
225,000 City of Norfolk, Virginia, Water Revenue Bonds, Series 1993, 2003 at 102 AAA Aaa
5.375% Due 11/1/23. (AMBAC Insured.)
500,000 Industrial Development Authority of the County of Prince 2005 at 102 -- A
William (Virginia), Hospital Facility Revenue Bonds
(Potomac Hospital Corporation of Prince William), Series
1995, 6.75% Due 10/1/15.
500,000 Riverside Regional Jail Authority (Virginia), Jail Facility 2005 at 102 AAA Aaa
Revenue Bonds, Series 1995, 5.875% Due 7/1/14. (MBIA
Insured.)
500,000 City of Roanoke, Virginia, General Obligation Public 2004 at 102 AA Aa
Improvement Bonds, Series 1994, 5.25% Due 8/1/19.
----------
$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>
50-499 $5,000-$49,999 4.90 % $ 99.57 5.36% 5.39% 5.41%
500-999 50,000-99,999 4.75 99.41 5.37 5.40 5.42
1,000-2,499 100,000-249,999 4.50 99.15 5.38 5.41 5.43
2,500-4,999 250,000-499,999 4.25 98.89 5.39 5.43 5.45
5,000-9,999 500,000-999,999 3.50 98.12 5.44 5.47 5.49
10,000-24,999 1,000,000- 2,499,999 3.00 97.62 5.46 5.50 5.52
25,000-49,999 2,500,000- 4,999,999 2.50 97.12 5.49 5.53 5.55
50,000 and over 5,000,000 and over 2.00 96.62 5.52 5.55 5.57
</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 % $ 99.57 5.45% 5.48% 5.50%
500-999 50,000-99,999 4.75 99.41 5.46 5.48 5.50
1,000-2,499 100,000-249,999 4.50 99.15 5.47 5.50 5.52
2,500-4,999 250,000-499,999 4.25 98.89 5.48 5.51 5.53
5,000-9,999 500,000-999,999 3.50 98.12 5.53 5.56 5.58
10,000-24,999 1,000,000- 2,499,999 3.00 97.62 5.56 5.59 5.61
25,000-49,999 2,500,000- 4,999,999 2.50 97.12 5.59 5.62 5.64
50,000 and over 5,000,000 and over 2.00 96.62 5.62 5.65 5.66
</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
Virginia 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............. $ .4591(1) $ 5.3347
-------- $.4443 every month --------
Quarterly Distribution Plan........... $ .4591(1) $ .8940(2) $ 1.3410 $ 1.3410 $ 5.3667
Semi-Annual Distribution Plan......... $ .4591(1) $ .8976(3) $ 2.6928 $ 5.3857
--------------------------------------------------------------------------------------------------------------------
<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 $.03 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 $.01481 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4591 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 09/01/95 is $.4591 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01481 Quarterly - $0.01490
Semi-Annual - $0.01496
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.
--------------------------------------------------------------------------------
815
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 21.5 years.
The first bond is scheduled to mature in July, 2014, with the last bond maturity
being November, 2023.
-------------------------------------------------------
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 61%
AA 25
A 14
---
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
COLORADO
INSURED
TRUST 59
Estimated Current Return
5.28% to 5.49%
as of 07/28/95
Estimated Long Term Return
5.39% to 5.61%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706E9 283 Monthly Payment Option
6706E9 291 Quarterly Payment Option
6706E9 309 Semi-Annual Payment Option
Registered in Colorado
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, COLORADO INSURED TRUST 59
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 Board of Trustees of the State Colleges in Colorado, 2004 at 101 AAA Aaa
Auxiliary Facilities System Enterprise Revenue Bonds,
Western State College of Colorado Project, Series C 1994,
5.625% Due 5/15/15.
500,000 Colorado Water Resources and Power Development Authority, 2003 at 102 AAA Aaa
Clean Water Revenue Bonds, 1995 Series A, 5.85% Due
9/1/15.
505,000 Adams County School District No. 1 (Mapleton Public 2003 at 100 AAA Aaa
Schools), Adams County, Colorado, General Obligation
Bonds, Series 1993, 5.25% Due 6/1/17.
500,000 City of Colorado Springs, Colorado, Utilities System 2004 at 100 AAA Aaa
Improvement and Refunding Revenue Bonds, Series 1994A,
5.125% Due 11/15/23.
500,000 City and County of Denver, Colorado, Airport System Revenue 2005 at 102 AAA Aaa
Bonds, Series 1995A, 5.70% Due 11/15/25.
500,000 City and County of Denver, Colorado, Revenue Bonds, Series 2003 at 102 AAA Aaa
1994 (Sisters of Charity of Leavenworth Health Services
Corporation), 5.00% Due 12/1/23. (Original issue discount
bonds delivered on or about February 2, 1994 at a price of
94.00% of principal amount.)
495,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 2005 at 101 AAA Aaa
1995 (General Obligation Bonds.), 5.75% Due 7/1/24. 1/2
----------
$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>
50-499 $5,000-$49,999 4.90 % $ 99.06 5.28% 5.31% 5.33%
500-999 50,000-99,999 4.75 98.91 5.29 5.32 5.34
1,000-2,499 100,000-249,999 4.50 98.65 5.30 5.33 5.35
2,500-4,999 250,000-499,999 4.25 98.39 5.32 5.35 5.37
5,000-9,999 500,000-999,999 3.50 97.63 5.36 5.39 5.41
10,000-24,999 1,000,000- 2,499,999 3.00 97.12 5.39 5.42 5.44
25,000-49,999 2,500,000- 4,999,999 2.50 96.63 5.41 5.45 5.47
50,000 and over 5,000,000 and over 2.00 96.13 5.44 5.47 5.49
</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 % $ 99.06 5.39% 5.42% 5.44%
500-999 50,000-99,999 4.75 98.91 5.40 5.43 5.45
1,000-2,499 100,000-249,999 4.50 98.65 5.42 5.44 5.46
2,500-4,999 250,000-499,999 4.25 98.39 5.43 5.46 5.47
5,000-9,999 500,000-999,999 3.50 97.63 5.47 5.50 5.52
10,000-24,999 1,000,000- 2,499,999 3.00 97.12 5.50 5.53 5.55
25,000-49,999 2,500,000- 4,999,999 2.50 96.63 5.53 5.56 5.58
50,000 and over 5,000,000 and over 2.00 96.13 5.56 5.59 5.61
</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
Colorado 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............. $ .4501(1) $ 5.2307
-------- $.4356 every month --------
Quarterly Distribution Plan........... $ .4501(1) $ .8766(2) $ 1.3149 $ 1.3149 $ 5.2627
Semi-Annual Distribution Plan......... $ .4501(1) $ .8802(3) $ 2.6406 $ 5.2817
--------------------------------------------------------------------------------------------------------------------
<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 $.03 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 $.01452 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4501 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 09/01/95 is $.4501 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01452 Quarterly - $0.01461
Semi-Annual - $0.01467
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.
--------------------------------------------------------------------------------
815
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.4 years.
The first bond is scheduled to mature in May, 2015, with the last bond maturity
being November, 2025.
-------------------------------------------------------
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 JERSEY
INSURED
TRUST 195
Estimated Current Return
5.27% to 5.48%
as of 07/28/95
Estimated Long Term Return
5.37% to 5.59%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706LA 100 Monthly Payment Option
6706LA 118 Quarterly Payment Option
6706LA 126 Semi-Annual Payment Option
Registered in New Jersey
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 JERSEY INSURED TRUST 195
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 New Jersey Economic Development Authority, Market Transition 2004 at 102 AAA Aaa
Facility Senior Lien Revenue Bonds, Series 1994A, 5.875%
Due 7/1/11.
500,000 New Jersey Economic Development Authority, Water Facilities 2004 at 102 AAA Aaa
Revenue Refunding Bonds (Hackensack Water Company
Project-1994 Series A), 5.80% Due 3/1/24.
500,000 New Jersey Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
New Jersey Institute of Technology Issue, Series 1994A,
6.00% Due 7/1/24.
355,000 New Jersey Transportation Trust Fund Authority, 2005 at 102 AAA Aaa
Transportation System Bonds, 1995 Series A, 5.50% Due
6/15/11. (When issued.)
145,000 The Camden County Municipal Utilities Authority (New No Optional AAA Aaa
Jersey), County Agreement Sewer Revenue Capital Call
Appreciation Bonds, 1990A Series, 0.00% Due 9/1/17.
(Original issue discount bonds delivered on or about
February 21, 1990 at a price of 13.71% of principal
amount.)(General Obligation Bonds.)
500,000 The Board of Education of the Great Meadows Regional School 2005 at 102 AAA Aaa
District in the County of Warren, New Jersey, School
Bonds,
110M-5.90% Due 1/15/18,
285M-5.90% Due 1/15/20,
105M-5.90% Due 1/15/22.
(General Obligation Bonds.)
500,000 The Pollution Control Financing Authority of Salem County 2003 at 102 AAA Aaa
(New Jersey), Pollution Control Revenue Refunding Bonds,
1993 Series C (Public Service Electric and Gas Company
Project), 5.55% Due 11/1/33.
500,000 The Port Authority of New York and New Jersey, Consolidated 2005 at 101 AAA Aaa
Bonds, One Hundredth Series, 5.75% Due 6/15/30.
----------
$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>
50-499 $5,000-$49,999 4.90 % $ 100.47 5.27% 5.30% 5.32%
500-999 50,000-99,999 4.75 100.32 5.28 5.31 5.33
1,000-2,499 100,000-249,999 4.50 100.05 5.29 5.32 5.34
2,500-4,999 250,000-499,999 4.25 99.79 5.31 5.34 5.36
5,000-9,999 500,000-999,999 3.50 99.02 5.35 5.38 5.40
10,000-24,999 1,000,000- 2,499,999 3.00 98.51 5.37 5.41 5.43
25,000-49,999 2,500,000- 4,999,999 2.50 98.00 5.40 5.43 5.45
50,000 and over 5,000,000 and over 2.00 97.50 5.43 5.46 5.48
</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 % $ 100.47 5.37% 5.40% 5.42%
500-999 50,000-99,999 4.75 100.32 5.38 5.41 5.43
1,000-2,499 100,000-249,999 4.50 100.05 5.40 5.42 5.44
2,500-4,999 250,000-499,999 4.25 99.79 5.41 5.44 5.46
5,000-9,999 500,000-999,999 3.50 99.02 5.45 5.48 5.50
10,000-24,999 1,000,000- 2,499,999 3.00 98.51 5.48 5.51 5.53
25,000-49,999 2,500,000- 4,999,999 2.50 98.00 5.51 5.54 5.56
50,000 and over 5,000,000 and over 2.00 97.50 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.
--------------------------------------------------------------------------------
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 Jersey 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............. $ .4557(1) $ 5.2942
-------- $.4410 every month --------
Quarterly Distribution Plan........... $ .4557(1) $ .8874(2) $ 1.3311 $ 1.3311 $ 5.3262
Semi-Annual Distribution Plan......... $ .4557(1) $ .8904(3) $ 2.6712 $ 5.3452
--------------------------------------------------------------------------------------------------------------------
<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 $.03 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 $.01470 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4557 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 09/01/95 is $.4557 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01470 Quarterly - $0.01479
Semi-Annual - $0.01484
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.
--------------------------------------------------------------------------------
815
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 27.0 years.
The first bond is scheduled to mature in June, 2011, with the last bond maturity
being November, 2033.
-------------------------------------------------------
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
PENNSYLVANIA
INSURED
TRUST 200
Estimated Current Return
5.39% to 5.60%
as of 07/28/95
Estimated Long Term Return
5.46% to 5.67%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706H8 225 Monthly Payment Option
6706H8 233 Quarterly Payment Option
6706H8 241 Semi-Annual Payment Option
Registered in Pennsylvania & 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, PENNSYLVANIA INSURED TRUST 200
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT JULY 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>
--------------------------------------------------------------------------------------------------------------------------
$ 500,000 County of Allegheny, Pennsylvania, General Obligation Bonds, 2005 at 100 AAA Aaa
Series C-44, 5.375% Due 6/1/15.
500,000 Beaver County (Pennsylvania) Industrial Development 2003 at 102 AAA Aaa
Authority, Pollution Control Revenue Refunding Bonds, 1993
Series A (Ohio Edison Company Mansfield Project), 5.45%
Due 9/15/33.
500,000 Lancaster County Hospital Authority, Lancaster, 2004 at 102 AAA Aaa
Pennsylvania, Health Center Revenue Refunding Bonds,
Series of 1994 (Masonic Homes Project), 5.00% Due
11/15/20. (Original issue discount bonds delivered on or
about March 1, 1994 at a price of 92.378% of principal
amount.)
500,000 Lehigh County (Pennsylvania) General Purpose Authority, 2005 at 102 AAA Aaa
Hospital Revenue Bonds (Lehigh Valley Hospital, Inc.),
Series A of 1995, 5.875% Due 7/1/15.
500,000 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.
500,000 City of Philadelphia, Pennsylvania, Water and Wastewater 2005 at 102 AAA Aaa
Revenue Bonds, Series 1995, 5.60% Due 8/1/18.
500,000 The Pittsburgh (Pennsylvania) Water and Sewer Authority, 2005 at 100 AAA Aaa
Water and Sewer System Subordinate Revenue Bonds, Series B
of 1995, 5.70% Due 9/1/20.
----------
$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>
50-499 $5,000-$49,999 4.90 % $ 99.94 5.39% 5.42% 5.44%
500-999 50,000-99,999 4.75 99.78 5.39 5.43 5.45
1,000-2,499 100,000-249,999 4.50 99.52 5.41 5.44 5.46
2,500-4,999 250,000-499,999 4.25 99.26 5.42 5.46 5.47
5,000-9,999 500,000-999,999 3.50 98.49 5.47 5.50 5.52
10,000-24,999 1,000,000- 2,499,999 3.00 97.98 5.49 5.53 5.55
25,000-49,999 2,500,000- 4,999,999 2.50 97.48 5.52 5.55 5.57
50,000 and over 5,000,000 and over 2.00 96.98 5.55 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 % $ 99.94 5.46% 5.49% 5.51%
500-999 50,000-99,999 4.75 99.78 5.46 5.49 5.51
1,000-2,499 100,000-249,999 4.50 99.52 5.48 5.51 5.53
2,500-4,999 250,000-499,999 4.25 99.26 5.49 5.52 5.54
5,000-9,999 500,000-999,999 3.50 98.49 5.54 5.57 5.59
10,000-24,999 1,000,000- 2,499,999 3.00 97.98 5.57 5.60 5.62
25,000-49,999 2,500,000- 4,999,999 2.50 97.48 5.60 5.63 5.65
50,000 and over 5,000,000 and over 2.00 96.98 5.63 5.66 5.67
</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
Pennsylvania 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............. $ .4634(1) $ 5.3830
-------- $.4485 every month --------
Quarterly Distribution Plan........... $ .4634(1) $ .9024(2) $ 1.3536 $ 1.3536 $ 5.4150
Semi-Annual Distribution Plan......... $ .4634(1) $ .9054(3) $ 2.7162 $ 5.4340
--------------------------------------------------------------------------------------------------------------------
<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 $.03 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 (09/01/95), accrued interest will total
$0.4634 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 09/01/95 is $.4634 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01495 Quarterly - $0.01504
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.
--------------------------------------------------------------------------------
815
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 26.5 years.
The first bond is scheduled to mature in June, 2015, with the last bond maturity
being September, 2033.
-------------------------------------------------------
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.
