<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
MARYLAND
TRUST 310
(MARYLAND TRADITIONAL TRUST 310)
Estimated Current Return
5.13% to 5.34%
as of 09/06/95
Estimated Long Term Return
5.15% to 5.44%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
67102E 220 Monthly Payment Option
67102E 238 Quarterly Payment Option
67102E 246 Semi-Annual Payment Option
Registered in Maryland
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--MARYLAND TRADITIONAL TRUST 310
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT SEPTEMBER 7, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 245,000 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.)
500,000 Anne Arundel County, Maryland, Pollution Control Revenue 2004 at 102 A A2
Refunding Bonds (Baltimore Gas and Electric Company
Project), Series 1994, 6.00% Due 4/1/24.
250,000 City of Baltimore, Maryland (Mayor and City Council of 2004 at 100 AAA Aaa
Baltimore), Convention Center Revenue Bonds, Series 1994,
6.00% Due 9/1/17. (FGIC Insured.)
500,000 City of Baltimore, Maryland (Mayor and City Council of No Optional AAA Aaa
Baltimore), Refunding Revenue Bonds (Wastewater Projects), Call
Series 1994-A, 5.00% Due 7/1/22. (Original issue discount
bonds delivered on or about February 24, 1994 at a price
of 94.22% of principal amount.)(FGIC Insured.)
500,000 Harford County, Maryland, Consolidated Public Improvement 2003 at 102 AA- Aa
and Refunding Bonds, Series 1993, 4.90% Due 12/1/11.
(General Obligation Bonds.)
500,000 Howard County, Maryland, Metropolitan District Project and 2003 at 102 AA+ Aa1
Refunding Bonds, 1993 Series A, 5.50% Due 8/15/22.
(General Obligation Bonds.)
500,000 City of Takoma Park, Maryland, Hospital Facilities Refunding 2005 at 102 AAA Aaa
and Improvement Revenue Bonds (Washington Adventist
Hospital), Series 1995, 5.50% Due 9/1/15. (Original issue
discount bonds delivered on or about June 27, 1995 at a
price of 93.63% of principal amount.)(FSA Insured.)
505,000 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>
50-499 $5,000-$49,999 4.90 % $ 100.85 5.13% 5.16% 5.18%
500-999 50,000-99,999 4.75 100.69 5.14 5.17 5.19
1,000-2,499 100,000-249,999 4.50 100.43 5.15 5.18 5.20
2,500-4,999 250,000-499,999 4.25 100.17 5.17 5.20 5.22
5,000-9,999 500,000-999,999 3.50 99.39 5.21 5.24 5.26
10,000-24,999 1,000,000- 2,499,999 3.00 98.88 5.23 5.27 5.28
25,000-49,999 2,500,000- 4,999,999 2.50 98.37 5.26 5.29 5.31
50,000 and over 5,000,000 and over 2.00 97.87 5.29 5.32 5.34
</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 % $ 100.85 5.15% 5.19% 5.21%
500-999 50,000-99,999 4.75 100.69 5.16 5.20 5.22
1,000-2,499 100,000-249,999 4.50 100.43 5.18 5.22 5.24
2,500-4,999 250,000-499,999 4.25 100.17 5.20 5.24 5.26
5,000-9,999 500,000-999,999 3.50 99.39 5.26 5.30 5.32
10,000-24,999 1,000,000- 2,499,999 3.00 98.88 5.30 5.34 5.36
25,000-49,999 2,500,000- 4,999,999 2.50 98.37 5.34 5.38 5.40
50,000 and over 5,000,000 and over 2.00 97.87 5.38 5.42 5.44
</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
Maryland Traditional 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 10/1 11/1 2/1 5/1
Distribution Date..................... 10/15 11/15 2/15 5/15
--------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3448(1) $ 5.1743
-------- $.4311 every month --------
Quarterly Distribution Plan........... $ .3448(1) $ .4338(2) $ 1.3014 $ 1.3014 $ 5.2063
Semi-Annual Distribution Plan......... $ .3448(1) $ .4353(3) $ 2.6118 $ 5.2253
--------------------------------------------------------------------------------------------------------------------
<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. Distribution Dates under
each distribution plan are the fifteenth day of the month in which the respective Record Date occurred. For additional
information see "WHEN ARE DISTRIBUTIONS MADE TO UNITHOLDERS?" in Part B of this Prospectus.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-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 $.01437 per unit per day.
Consequently, on the first Record Date (10/01/95), accrued interest will total
$0.3448 per unit for the 24-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 10/01/95 is $.3448 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01437 Quarterly - $0.01446
Semi-Annual - $0.01451
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.
--------------------------------------------------------------------------------
823
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.7 years.
The first bond is scheduled to mature in December, 2011, with the last bond
maturity being April, 2024.
-------------------------------------------------------
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 57%
AA 29
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 60
Estimated Current Return
5.25% to 5.47%
as of 09/06/95
Estimated Long Term Return
5.29% to 5.56%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706E9 317 Monthly Payment Option
6706E9 325 Quarterly Payment Option
6706E9 333 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 60
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT SEPTEMBER 7, 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>
--------------------------------------------------------------------------------------------------------------------------
$ 200,000 Colorado Postsecondary Educational Facilities Authority, 2005 at 100 AAA Aaa
Revenue Bonds (The Auraria Foundation Project), Series
1995, 6.00% Due 9/1/15. (When issued.)
120,000 Adams County School District No. 1 (Mapleton Public 2003 at 100 AAA Aaa
Schools), Adams County, Colorado, General Obligation
Refunding Bonds, Series 1993, 5.25% Due 6/1/17.
525,000 E-470 Public Highway Authority, Arapahoe County, Colorado, 2005 at 103 AAA Aaa
Capital Improvement Trust Fund Highway Revenue Bonds
(E-470 Project), Vehicle Registration Fee Bonds,
275M-6.05% Due 8/31/15,
250M-6.15% Due 8/31/26.
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, Hospital Revenue Bonds 2003 at 102 AAA Aaa
(The Children's Hospital Association Project), Series
1993, 6.00% Due 10/1/15.
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.)
275,000 Metro Wastewater Reclamation District, Colorado, Sewer 2003 at 100 AAA Aaa
Refunding Bonds, Series 1993B, 4.75% Due 4/1/12. (Original
issue discount bonds delivered on or about December 29,
1993 at a price of 94.39% of principal amount.)
380,000 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 % $ 100.26 5.25% 5.29% 5.31%
500-999 50,000-99,999 4.75 100.11 5.26 5.29 5.31
1,000-2,499 100,000-249,999 4.50 99.84 5.28 5.31 5.33
2,500-4,999 250,000-499,999 4.25 99.58 5.29 5.32 5.34
5,000-9,999 500,000-999,999 3.50 98.81 5.33 5.36 5.38
10,000-24,999 1,000,000- 2,499,999 3.00 98.30 5.36 5.39 5.41
25,000-49,999 2,500,000- 4,999,999 2.50 97.79 5.39 5.42 5.44
50,000 and over 5,000,000 and over 2.00 97.30 5.41 5.45 5.47
</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 % $ 100.26 5.29% 5.32% 5.34%
500-999 50,000-99,999 4.75 100.11 5.30 5.33 5.35
1,000-2,499 100,000-249,999 4.50 99.84 5.32 5.35 5.37
2,500-4,999 250,000-499,999 4.25 99.58 5.34 5.37 5.39
5,000-9,999 500,000-999,999 3.50 98.81 5.40 5.43 5.45
10,000-24,999 1,000,000- 2,499,999 3.00 98.30 5.44 5.47 5.49
25,000-49,999 2,500,000- 4,999,999 2.50 97.79 5.48 5.51 5.53
50,000 and over 5,000,000 and over 2.00 97.30 5.51 5.54 5.56
</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 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 10/1 11/1 2/1 5/1
Distribution Date..................... 10/15 11/15 2/15 5/15
--------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3511(1) $ 5.2686
-------- $.4389 every month --------
Quarterly Distribution Plan........... $ .3511(1) $ .4416(2) $ 1.3248 $ 1.3248 $ 5.3006
Semi-Annual Distribution Plan......... $ .3511(1) $ .4431(3) $ 2.6586 $ 5.3196
--------------------------------------------------------------------------------------------------------------------
<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. Distribution Dates under
each distribution plan are the fifteenth day of the month in which the respective Record Date occurred. For additional
information see "WHEN ARE DISTRIBUTIONS MADE TO UNITHOLDERS?" in Part B of this Prospectus.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-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 $.01463 per unit per day.
Consequently, on the first Record Date (10/01/95), accrued interest will total
$0.3511 per unit for the 24-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 10/01/95 is $.3511 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01463 Quarterly - $0.01472
Semi-Annual - $0.01477
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.
--------------------------------------------------------------------------------
823
<PAGE>
-------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.1 years.
The first bond is scheduled to mature in April, 2012, with the last bond
maturity being August, 2026.
-------------------------------------------------------
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
MICHIGAN
INSURED
TRUST 62
Estimated Current Return
First
Year: 5.19% to 5.40%
Subsequent
Years: 5.21% to 5.42%
as of 09/06/95
Estimated Long Term Return
5.30% to 5.58%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67095E 377 Monthly Payment Option
67095E 385 Quarterly Payment Option
67095E 393 Semi-Annual Payment Option
Registered in Michigan
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, MICHIGAN INSURED TRUST 62
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT SEPTEMBER 7, 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 Michigan State Hospital Finance Authority, Hospital Revenue 2003 at 102 AAA Aaa
Refunding Bonds (Oakwood Hospital Obligated Group), Series
1993A, 5.50% Due 11/1/13.
370,000 Michigan State Hospital Finance Authority (Michigan), 2003 at 102 AAA Aaa
Hospital Revenue Refunding Bonds (St. John Hospital),
Series 1993A, 5.75% Due 5/15/16. (Original issue discount
bonds delivered on or about January 14, 1993 at a price of
93.313% of principal amount.)
200,000 Michigan Municipal Bond Authority, Local Government Loan No Optional AAA Aaa
Program, Revenue Bonds, Series 1994G, 0.00% Due 5/1/16. Call
(Original issue discount bonds delivered on or about
December 21, 1994 at a price of 22.999% of principal
amount.)
240,000 Leslie Public Schools, Counties of Ingham and Jackson, State 2005 at 101 AAA Aaa
of Michigan, 1995 School Building and Site and Refunding
Bonds, 6.00% Due 5/1/15. (General Obligation Bonds.)
500,000 Board of Trustees of Oakland University, Michigan, General 2005 at 102 AAA Aaa
Revenue Bonds, Series 1995, 5.75% Due 5/15/26.
535,000 County of Ottawa, State of Michigan, Ottawa County Refunding 2005 at 100 AAA Aaa
Bonds (Northwest Ottawa Water-1976-Second Refunding),
5.875% Due 1/1/15. (General Obligation Bonds.) (When
issued.)
500,000 Reeths-Puffer Schools, County of Muskegon, State of 2005 at 101 AAA Aaa
Michigan, 1995 School Building and Site and Refunding
Bonds, 6.00% Due 5/1/25. (General Obligation Bonds.)
155,000 Warren Consolidated Schools, Counties of Macomb and Oakland, 2003 at 102 AAA Aaa
State of Michigan, 1993 Refunding Bonds, 5.50% Due 5/1/14.
(General Obligation Bonds.)
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> <C> <C> <C>
50-499 $5,000-$49,999 4.90 % $ 98.95 (5.19%) 5.21% (5.22%) 5.24% (5.24%) 5.26%
500-999 50,000-99,999 4.75 98.79 (5.19) 5.22 (5.23) 5.25 (5.25) 5.27
1,000-2,499 100,000-249,999 4.50 98.53 (5.21) 5.23 (5.24) 5.26 (5.26) 5.28
2,500-4,999 250,000-499,999 4.25 98.28 (5.22) 5.24 (5.25) 5.28 (5.27) 5.29
5,000-9,999 500,000-999,999 3.50 97.51 (5.26) 5.28 (5.29) 5.32 (5.31) 5.34
10,000-24,999 1,000,000- 2,499,999 3.00 97.01 (5.29) 5.31 (5.32) 5.34 (5.34) 5.36
25,000-49,999 2,500,000- 4,999,999 2.50 96.51 (5.32) 5.34 (5.35) 5.37 (5.37) 5.39
50,000 and over 5,000,000 and over 2.00 96.02 (5.34) 5.37 (5.38) 5.40 (5.40) 5.42
</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 % $ 98.95 5.30% 5.33% 5.35%
500-999 50,000-99,999 4.75 98.79 5.31 5.34 5.36
1,000-2,499 100,000-249,999 4.50 98.53 5.33 5.36 5.38
2,500-4,999 250,000-499,999 4.25 98.28 5.35 5.38 5.40
5,000-9,999 500,000-999,999 3.50 97.51 5.41 5.44 5.46
10,000-24,999 1,000,000- 2,499,999 3.00 97.01 5.45 5.48 5.50
25,000-49,999 2,500,000- 4,999,999 2.50 96.51 5.49 5.52 5.54
50,000 and over 5,000,000 and over 2.00 96.02 5.53 5.56 5.58
</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
Michigan Insured 1995 1996 per Year +
<S> <C> <C> <C> <C> <C>
---------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 10/1 11/1 2/1 5/1
Distribution Date..................... 10/15 11/15 2/15 5/15
--------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3434(1) $ 5.1523
-------- $.4293 every month --------
Quarterly Distribution Plan........... $ .3434(1) $ .4320(2) $ 1.2960 $ 1.2960 $ 5.1843
Semi-Annual Distribution Plan......... $ .3434(1) $ .4335(3) $ 2.6010 $ 5.2033
--------------------------------------------------------------------------------------------------------------------
<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. Distribution Dates under
each distribution plan are the fifteenth day of the month in which the respective Record Date occurred. For additional
information see "WHEN ARE DISTRIBUTIONS MADE TO UNITHOLDERS?" in Part B of this Prospectus.
(1) The first distribution will be paid to all Unitholders, regardless of the distribution plan selected. Such distribution may
be more or less than a regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a 1-month distribution; subsequent quarterly
distributions will be regular 3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a 1-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 $.01431 per unit per day.
Consequently, on the first Record Date (10/01/95), accrued interest will total
$0.3434 per unit for the 24-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 10/01/95 is $.3434 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01431 Quarterly - $0.01440
Semi-Annual - $0.01445
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.
--------------------------------------------------------------------------------
823
<PAGE>
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AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.5 years.
The first bond is scheduled to mature in November, 2013, with the last bond
maturity being May, 2026.
-------------------------------------------------------
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.
