<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
INTERMEDIATE
INSURED
TRUST 81
Estimated Current Return
4.45% to 4.59%
as of 08/02/95
Estimated Long Term Return
4.70% to 4.84%
75,000 units in a
diversified $7,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67093J 162 Monthly Payment Option
67093J 170 Quarterly Payment Option
67093J 188 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, INTERMEDIATE INSURED TRUST 81
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT AUGUST 3, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 750,000 Alabama Mental Health Finance Authority, Special Tax Bonds, No Optional AAA Aaa
Series 1995, 5.00% Due 5/1/05. Call
400,000 Gilbert Unified School District No. 41 of Maricopa County, No Optional AAA Aaa
Arizona, Refunding Bonds, Series 1994, 0.00% Due 7/1/05. Call
(Original issue discount bonds delivered on or about June
7, 1994 at a price of 51.428% of principal
amount.)(General Obligation Bonds.)
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, 5.00% Due 6/1/05.
310,000 City of Northlake, Cook County, Illinois, General Obligation No Optional AAA Aaa
Bonds, Series 1995, Subseries A, 5.10% Due 12/1/05. Call
750,000 The City of Grand Haven, Michigan, Electric System Revenue No Optional AAA Aaa
Refunding Bonds, 1993 Series, 5.10% Due 7/1/05. Call
435,000 Omaha Public Power District (Nebraska), Electric System No Optional AAA Aaa
Revenue Bonds, 1993, Series E, 4.50% Due 2/1/05. Call
750,000 Suffolk County Water Authority, New York, Water System No Optional AAA Aaa
Revenue Bonds, Series 1993 Refunding, 5.10% Due 6/1/05. Call
500,000 City of Cleveland, Ohio, Waterworks Improvement First No Optional AAA Aaa
Mortgage Refunding Revenue Bonds, Series G, 1993, 5.30% Call
Due 1/1/05.
355,000 Delaware County Authority (Commonwealth of Pennsylvania), No Optional AAA Aaa
Hospital Revenue Bonds, Series of 1995 (Delaware County Call
Memorial Hospital), 5.00% Due 8/15/05.
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, 4.80% Due 9/1/05.
750,000 The Health, Educational and Housing Facilities Board of the No Optional AAA Aaa
County of Knox (Tennessee), Hospital Revenue Refunding Call
Bonds, Series 1993 (Fort Sanders Alliance Obligated
Group), 4.90% Due 1/1/06.
1,000,000 Washington Public Power Supply System, Nuclear Project No. 3 No Optional AAA Aaa
Refunding Revenue Bonds, Series 1993C, 5.00% Due 7/1/05. Call
----------
$7,500,000
----------
----------
</TABLE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect expenses and sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.90 % $ 100.81 4.45% 4.49% 4.51%
500-999 50,000-99,999 3.70 100.60 4.46 4.50 4.51
1,000-2,499 100,000-249,999 3.50 100.39 4.47 4.51 4.52
2,500-4,999 250,000-499,999 3.25 100.13 4.48 4.52 4.54
5,000-9,999 500,000-999,999 3.00 99.88 4.50 4.53 4.55
10,000-24,999 1,000,000- 2,499,999 2.75 99.62 4.51 4.54 4.56
25,000-49,999 2,500,000- 4,999,999 2.50 99.36 4.52 4.55 4.57
50,000 and over 5,000,000 and over 2.00 98.86 4.54 4.57 4.59
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.90 % $ 100.81 4.70% 4.73% 4.75%
500-999 50,000-99,999 3.70 100.60 4.71 4.74 4.76
1,000-2,499 100,000-249,999 3.50 100.39 4.72 4.75 4.77
2,500-4,999 250,000-499,999 3.25 100.13 4.73 4.76 4.78
5,000-9,999 500,000-999,999 3.00 99.88 4.74 4.77 4.79
10,000-24,999 1,000,000- 2,499,999 2.75 99.62 4.75 4.78 4.80
25,000-49,999 2,500,000- 4,999,999 2.50 99.36 4.77 4.80 4.82
50,000 and over 5,000,000 and over 2.00 98.86 4.79 4.82 4.84
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to Date of Deposit. The estimated
current return for purchases made on such date will be as shown, as long as
the portfolio size and composition remain the same.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
Intermediate Insured Trust 1995 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............. $ .3491(1) $ 4.4907
-------- $.3741 every month --------
Quarterly Distribution Plan........... $ .3491(1) $ .7536(2) $ 1.1304 $ 1.1304 $ 4.5227
Semi-Annual Distribution Plan......... $ .3491(1) $ .7566(3) $ 2.2698 $ 4.5417
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C>
<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 $.01247 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.3491 per unit for the 28-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 $.3491 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01247 Quarterly - $0.01256
Semi-Annual - $0.01261
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 12 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 10 states.
- -------------------------------------------------------
<TABLE>
<CAPTION>
Percent
of Total
Income
<S> <C> <C>
- ------------------------
%
Alabama 10.6
California 10.6
Illinois 4.5
Michigan 10.8
Nebraska 5.5
<CAPTION>
Percent
of Total
Income
- ------------------------
<S> <C> <C>
%
New York 10.8
Ohio 7.5
Pennsylvania 15.2
Tennessee 10.4
Washington 14.1
</TABLE>
- -------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 9.9 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2005................................. 6,750 90.0%
2006................................. 750 10.0
</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.
816
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
OHIO
INSURED
TRUST 127
Estimated Current Return
5.30% to 5.51%
as of 08/02/95
Estimated Long Term Return
5.37% to 5.60%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67101Y 763 Monthly Payment Option
67101Y 771 Quarterly Payment Option
67101Y 789 Semi-Annual Payment Option
Registered in Ohio
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, OHIO INSURED TRUST 127
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT AUGUST 3, 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 State of Ohio (Ohio Higher Educational Facility Commission), 2004 at 102 AAA Aaa
Higher Educational Facility Revenue Bonds (University of
Dayton 1994 Project), 5.80% Due 12/1/19.
500,000 Ohio Water Development Authority, State of Ohio, Water 2005 at 102 AAA Aaa
Development Revenue Bonds, 1995 Fresh Water Series, 5.90%
Due 12/1/15.
500,000 Adams County/Ohio Valley School District, Counties of Adams 2005 at 102 AAA Aaa
and Highland, Ohio, School Improvement Unlimited Tax
General Obligation Bonds, Series 1995, 5.25% Due 12/1/21.
(Original issue discount bonds delivered on or about June
8, 1995 at a price of 91.969% of principal amount.)
500,000 City of Cuyahoga Falls, Ohio, General Obligation (Limited 2005 at 102 AAA Aaa
Tax), Various Purpose Bonds, Series 1995, 6.00% Due
12/1/15.
500,000 City of Hamilton], Ohio, Gas System Revenue Bonds, 1993 2003 at 100 AAA Aaa
Series A, 4.75% Due 10/15/23. (Original issue discount
bonds delivered on or about November 2, 1993 at a price of
93.49% of principal amount.)
500,000 City of Maumee, Ohio, Hospital Facilities Revenue Bonds, 2004 at 102 AAA Aaa
Series 1994 (St. Luke's Hospital Project), 5.80% Due
12/1/14.
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.)
----------
$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 % $ 100.25 5.30% 5.33% 5.35%
500-999 50,000-99,999 4.75 100.09 5.31 5.34 5.36
1,000-2,499 100,000-249,999 4.50 99.83 5.32 5.36 5.37
2,500-4,999 250,000-499,999 4.25 99.57 5.34 5.37 5.39
5,000-9,999 500,000-999,999 3.50 98.80 5.38 5.41 5.43
10,000-24,999 1,000,000- 2,499,999 3.00 98.29 5.41 5.44 5.46
25,000-49,999 2,500,000- 4,999,999 2.50 97.78 5.43 5.47 5.49
50,000 and over 5,000,000 and over 2.00 97.29 5.46 5.49 5.51
</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 % $ 100.25 5.37% 5.41% 5.43%
500-999 50,000-99,999 4.75 100.09 5.38 5.42 5.44
1,000-2,499 100,000-249,999 4.50 99.83 5.40 5.43 5.45
2,500-4,999 250,000-499,999 4.25 99.57 5.41 5.45 5.46
5,000-9,999 500,000-999,999 3.50 98.80 5.45 5.49 5.51
10,000-24,999 1,000,000- 2,499,999 3.00 98.29 5.48 5.52 5.54
25,000-49,999 2,500,000- 4,999,999 2.50 97.78 5.51 5.55 5.57
50,000 and over 5,000,000 and over 2.00 97.29 5.54 5.58 5.60
</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
Ohio 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............. $ .4132(1) $ 5.3140
-------- $.4428 every month --------
Quarterly Distribution Plan........... $ .4132(1) $ .8904(2) $ 1.3356 $ 1.3356 $ 5.3460
Semi-Annual Distribution Plan......... $ .4132(1) $ .8940(3) $ 2.6820 $ 5.3650
- --------------------------------------------------------------------------------------------------------------------
<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 $.01476 per unit per day.
Consequently, on the first Record Date (09/01/95), accrued interest will total
$0.4132 per unit for the 28-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 $.4132 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01476 Quarterly - $0.01484
Semi-Annual - $0.01490
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.
- --------------------------------------------------------------------------------
816
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.7 years.
The first bond is scheduled to mature in December, 2014, with the last bond
maturity being October, 2023.
- -------------------------------------------------------
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.
