<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
VIRGINIA
TRUST 305
(VIRGINIA TRADITIONAL TRUST 305)
Estimated Current Return
5.01% to 5.21%
as of 11/28/95
Estimated Long Term Return
4.99% to 5.28%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds
Cusip:
6706L5 853 Monthly Payment Option
6706L5 861 Quarterly Payment Option
6706L5 879 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 305
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT NOVEMBER 29, 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 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.)
250,000 Virginia Peninsula Regional Jail Authority, Regional Jail 2005 at 101 AAA Aaa
Facility Revenue Bonds, Series 1995, 5.50% Due 10/1/18.
(MBIA Insured.)
250,000 Virginia Public Building Authority, State Building Revenue 2005 at 101 AA Aa
Bonds, Series 1995, 5.20% Due 8/1/16. (When issued.)
500,000 Capital Region Airport Commission, Richmond (Virginia), 2005 at 102 AAA Aaa
International Airport Projects, Airport Revenue Bonds,
Series 1995A, 5.625% Due 7/1/20. (AMBAC Insured.)
500,000 City of Chesapeake, Virginia, Water and Sewer System Revenue 2004 at 102 A+ A1
Refunding Bonds, Series of 1994, 5.125% Due 5/1/21.
500,000 Fairfax County Economic Development Authority (Virginia), 2004 at 102 AA Aa
Lease Revenue Bonds (Government Center Properties), Series
1994, 5.50% Due 5/15/14. (Original issue discount bonds
delivered on or about March 15, 1994 at a price of 94.746%
of principal amount.)
500,000 Industrial Development Authority of Fairfax County, No Optional AA- Aa
Virginia, Hospital Revenue Refunding Bonds (Inova Health Call
System Hospitals Project), Series 1993A, 5.00% Due
8/15/23. (Original issue discount bonds delivered on or
about November 3, 1993 at a price of 94.807% of principal
amount.)
500,000 City of Richmond, Virginia, General Obligation Public 2005 at 102 AA A1
Improvement Bonds, Series 1995A, 5.50% Due 1/15/16.
----------
$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 a compounding factor, 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 % $ 102.14 5.01% 5.04% 5.06%
500-999 50,000-99,999 4.75 101.98 5.01 5.04 5.06
1,000-2,499 100,000-249,999 4.50 101.72 5.03 5.06 5.08
2,500-4,999 250,000-499,999 4.25 101.45 5.04 5.07 5.09
5,000-9,999 500,000-999,999 3.50 100.66 5.08 5.11 5.13
10,000-24,999 1,000,000- 2,499,999 3.00 100.14 5.11 5.14 5.16
25,000-49,999 2,500,000- 4,999,999 2.50 99.63 5.13 5.16 5.18
50,000 and over 5,000,000 and over 2.00 99.12 5.16 5.19 5.21
</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 % $ 102.14 4.99% 5.03% 5.05%
500-999 50,000-99,999 4.75 101.98 5.00 5.04 5.06
1,000-2,499 100,000-249,999 4.50 101.72 5.02 5.06 5.08
2,500-4,999 250,000-499,999 4.25 101.45 5.04 5.08 5.10
5,000-9,999 500,000-999,999 3.50 100.66 5.10 5.14 5.16
10,000-24,999 1,000,000- 2,499,999 3.00 100.14 5.14 5.18 5.20
25,000-49,999 2,500,000- 4,999,999 2.50 99.63 5.18 5.22 5.24
50,000 and over 5,000,000 and over 2.00 99.12 5.22 5.26 5.28
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to 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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4544(1) $ 5.1128
-------- $.4260 every month --------
Quarterly Distribution Plan........... $ .4544(1) $ .4287(2) $ 1.2861 $ 1.2861 $ 1.2861 $ 5.1448
Semi-Annual Distribution Plan......... $ .4544(1) $ 1.7208(3) $ 2.5812 $ 5.1638
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
(1) The first distribution will be paid to all Unitholders, regardless of the
distribution plan selected. Such distribution may be more or less than a
regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a
1-month distribution; subsequent quarterly distributions will be regular
3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a
4-month distribution; subsequent semi-annual distributions will be regular
6-month distributions.
+ 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 $.01420 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4544 per unit for the 32-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 01/01/96 is $.4544 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01420 Quarterly - $0.01429
Semi-Annual - $0.01434
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.
- --------------------------------------------------------------------------------
837
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 23.5 years.
The first bond is scheduled to mature in May, 2014, with the last bond maturity
being August, 2023.
- -------------------------------------------------------
QUALITY OF PORTFOLIO AS RATED BY
STANDARD & POOR'S, A DIVISION OF THE MCGRAW HILL COMPANIES
OR MOODY'S INVESTORS SERVICE, INC.
- -------------------------------------------------------
<TABLE>
<S> <C> <C>
Rating Percent of Portfolio
Category Par Value
- --------------------------------------------------------------------
AAA 36%
AA 50
A1/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 Optional 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, The Chase Manhattan Bank, N.A., 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, RISKS
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
NATIONAL
INSURED
TRUST 309
Estimated Current Return
5.11% to 5.31%
as of 11/28/95
Estimated Long Term Return
5.15% to 5.42%
100,000 units in a
diversified $10,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A4 462 Monthly Payment Option
6710A4 470 Quarterly Payment Option
6710A4 488 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, NATIONAL INSURED TRUST 309
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT NOVEMBER 29, 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 City of Industry, California, General Obligation Bonds, 2005 at 102 AAA Aaa
Issue of 1995, 5.85% Due 7/1/21.
500,000 The Metropolitan Water District of Southern California, 2005 at 102 AAA Aaa
Water Revenue Bonds, 1995 Series A, 5.75% Due 7/1/21.
1,000,000 Illinois Health Facilities Authority, Revenue Bonds, Series 2003 at 102 AAA Aaa
1993 (Rush-Presbyterian-St. Luke's Medical Center
Obligated Group), 5.25% Due 11/15/13.
200,000 Metropolitan Pier and Exposition Authority (Illinois), No Optional AAA Aaa
McCormick Place Expansion Project Bonds, Series 1994B, Call
0.00% Due 6/15/24. (Original issue discount bonds
delivered on or about June 23, 1994 at a price of 13.867%
of principal amount.)
1,000,000 Board of Trustees of Oakland University, Michigan, General 2005 at 102 AAA Aaa
Revenue Bonds, Series 1995, 5.75% Due 5/15/26.
1,000,000 Charter County of Wayne, Michigan, Airport Revenue Refunding 2003 at 102 AAA Aaa
Bonds (Detroit Metropolitan Wayne County Airport),
Subordinate Lien, Series 1993C, 5.25% Due 12/1/21.
(Original issue discount bonds delivered on or about
November 23, 1993 at a price of 94.807% of principal
amount.)
1,000,000 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.
1,000,000 Dormitory Authority of the State of New York, University of 2004 at 102 AAA Aaa
Rochester, Strong Memorial Hospital Revenue Bonds, Series
1994, 5.50% Due 7/1/21. (Original issue discount bonds
delivered on or about March 30, 1994 at a price of 93.746%
of principal amount.)
1,000,000 Lehigh County (Pennsylvania), General Purpose Authority, 2005 at 102 AAA Aaa
Hospital Revenue Bonds (Lehigh Valley Hospital), Series B
of 1995, 5.625% Due 7/1/25.
1,000,000 Copperas Cove (Texas), Health Facilities Development 2005 at 102 AAA Aaa
Corporation, Hospital Revenue Bonds, Series 1995
(Adventist Health System/Sunbelt Obligated Group), 5.875%
Due 11/15/25.
300,000 Bellevue Convention Center Authority, King County, No Optional AAA Aaa
Washington, Special Obligation Revenue and Refunding Call
Bonds, Series 1994, 0.00% Due 2/1/23. (Original issue
discount bonds delivered on or about November 30, 1994 at
a price of 12.567% of principal amount.)(General
Obligation Bonds.)
750,000 Washington Health Care Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
Series 1993A (The Heart Institute of Spokane), 5.80% Due
8/15/18.
----------
$10,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect a compounding factor, 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 % $ 99.89 5.11% 5.14% 5.16%
500-999 50,000-99,999 4.75 99.74 5.11 5.15 5.16
1,000-2,499 100,000-249,999 4.50 99.48 5.13 5.16 5.18
2,500-4,999 250,000-499,999 4.25 99.22 5.14 5.17 5.19
5,000-9,999 500,000-999,999 3.50 98.45 5.18 5.21 5.23
10,000-24,999 1,000,000- 2,499,999 3.00 97.94 5.21 5.24 5.26
25,000-49,999 2,500,000- 4,999,999 2.50 97.44 5.23 5.27 5.29
50,000 and over 5,000,000 and over 2.00 96.94 5.26 5.29 5.31
</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 % $ 99.89 5.15% 5.19% 5.21%
500-999 50,000-99,999 4.75 99.74 5.16 5.20 5.22
1,000-2,499 100,000-249,999 4.50 99.48 5.18 5.22 5.24
2,500-4,999 250,000-499,999 4.25 99.22 5.19 5.23 5.25
5,000-9,999 500,000-999,999 3.50 98.45 5.25 5.29 5.31
10,000-24,999 1,000,000- 2,499,999 3.00 97.94 5.29 5.33 5.35
25,000-49,999 2,500,000- 4,999,999 2.50 97.44 5.32 5.36 5.38
50,000 and over 5,000,000 and over 2.00 96.94 5.36 5.40 5.42
</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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4531(1) $ 5.1003
-------- $.4248 every month --------
Quarterly Distribution Plan........... $ .4531(1) $ .4275(2) $ 1.2825 $ 1.2825 $ 1.2825 $ 5.1323
Semi-Annual Distribution Plan......... $ .4531(1) $ 1.7160(3) $ 2.5740 $ 5.1513
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
(1) The first distribution will be paid to all Unitholders, regardless of the
distribution plan selected. Such distribution may be more or less than a
regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a
1-month distribution; subsequent quarterly distributions will be regular
3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a
4-month distribution; subsequent semi-annual distributions will be regular
6-month distributions.
+ 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 $.01416 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4531 per unit for the 32-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 01/01/96 is $.4531 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01416 Quarterly - $0.01425
Semi-Annual - $0.01430
This daily rate of accrual, and the annual distributions shown above, will
remain the same as long as the portfolio size and composition remain the same.
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------
DIVERSIFICATION OF PORTFOLIO INCOME
There are 13 Tax-exempt bond issues in this trust; this diversified portfolio
yields current income from issuers in 8 states .
<TABLE>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------
Percent Percent
of Total of Total
Income Income
- -------------------------------------------------------
California 13.6 % New York 15.7 %
Illinois 9.9 Pennsylvania 10.6
Michigan 20.6 Texas 11.0
New Jersey 10.4 Washington 8.2
</TABLE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 27.8 years.
The first bond is scheduled to mature in November, 2013, with the last bond
maturity being November, 2033.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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.
837
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
SHORT INTERMEDIATE
INSURED
TRUST 44
Estimated Current Return
First
Year: 3.78% to 3.89%
Subsequent
Years: 3.80% to 3.91%
as of 11/28/95
Estimated Long Term Return
3.60% to 4.00%
60,000 units in a
diversified $6,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6710A0 619 Monthly Payment Option
6710A0 627 Quarterly Payment Option
6710A0 635 Semi-Annual Payment Option
Registered in all states
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, SHORT INTERMEDIATE INSURED TRUST 44
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT NOVEMBER 29, 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 North Slope Borough, Alaska, General Obligation Bonds, No Optional AAA Aaa
Series 1993B, 0.00% Due 1/1/01. (Original issue discount Call
bonds delivered on or about October 5, 1993 at a price of
69.942% of principal amount.)
450,000 City of Whittier (California), Insured Health Facility No Optional AAA Aaa
Revenue Bonds (Presbyterian Intercommunity Hospital), Call
Series 1995, 4.40% Due 6/1/01. (When issued.)
500,000 Massachusetts Water Pollution Abatement Trust, Water No Optional AAA Aaa
Pollution Abatement Revenue Bonds (MWRA Loan Program), Call
Series 1995A, 4.40% Due 8/1/00.
450,000 City of Detroit, Michigan, Water Supply System Revenue No Optional AAA Aaa
Second Lien Bonds, Series 1995-A, 4.45% Due 7/1/00. Call
500,000 Southern Minnesota Municipal Power Agency, Power Supply No Optional AAA Aaa
System Revenue Bonds, Series 1993 A, 4.60% Due 1/1/01. Call
500,000 Kansas City Municipal Assistance Corporation (Missouri), No Optional AAA Aaa
Leasehold Refunding Revenue Bonds, Series 1995A (H. Roe Call
Bartle Convention Center Project), 4.50% Due 4/15/01.
370,000 City of Santa Fe, New Mexico, Subordinate Lien Gross No Optional AAA Aaa
Receipts Tax Revenue Bonds, Series November 15, 1995A, Call
4.35% Due 6/1/00. (When issued.)
600,000 The City of New York (New York), General Obligation Bonds, No Optional AAA Aaa
Fiscal 1991 Series F, 3.00% Due 11/15/00. (Original issue Call
discount bonds delivered on or about June 13, 1991 at a
price of 66.321% of principal amount.)
600,000 The State of New York, Certificates of Participation, 5.00% No Optional AAA Aaa
Due 9/1/00. (When issued.) Call
600,000 City of Middleburg Heights, Ohio, Hospital Improvement No Optional AAA Aaa
Refunding Revenue Bonds, Series 1995 (Southwest General Call
Health Center Project), 4.60% Due 8/15/00.
500,000 City of Pittsburgh (Commonwealth of Pennsylvania), General No Optional AAA Aaa
Obligation Refunding Bonds, Series B of 1995, 4.30% Due Call
3/1/01. (When issued.)
530,000 City of Bryan, Texas (Brazos County), Lease Revenue Bonds No Optional AAA Aaa
(Blinn College Project), Series 1995, 4.50% Due 10/1/00. Call
(When issued.)
----------
$6,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect a compounding factor, expenses and sales charges.
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Current Return (2)
AMOUNT PURCHASED Public -----------------------------------------------------------
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- --------------- --------------- ---------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.00 % $ 101.19 (3.78%) 3.80% (3.81%) 3.83% (3.83%) 3.85%
500-999 50,000-99,999 2.80 100.98 (3.78) 3.81 (3.82) 3.84 (3.84) 3.86
1,000-2,499 100,000-249,999 2.60 100.77 (3.79) 3.82 (3.82) 3.85 (3.84) 3.87
2,500-4,999 250,000-499,999 2.35 100.51 (3.80) 3.83 (3.83) 3.86 (3.85) 3.88
5,000-9,999 500,000-999,999 2.10 100.26 (3.81) 3.84 (3.84) 3.87 (3.86) 3.89
10,000-24,999 1,000,000- 2,499,999 1.85 100.00 (3.82) 3.85 (3.85) 3.88 (3.87) 3.90
25,000-49,999 2,500,000- 4,999,999 1.80 99.95 (3.82) 3.85 (3.86) 3.88 (3.87) 3.90
50,000 and over 5,000,000 and over 1.50 99.64 (3.84) 3.86 (3.87) 3.89 (3.89) 3.91
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Estimated Long Term Return (3)
-----------------------------------------------------
AMOUNT PURCHASED Public
- ------------------------------------- Sales Offering Monthly Quarterly Semi-Annual
Units Dollars Charge Price (1) Payment Payment Payment
- ---------------- ------------------- ------ ----------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
50-499 $5,000-$49,999 3.00 % $ 101.19 3.60% 3.63% 3.65%
500-999 50,000-99,999 2.80 100.98 3.65 3.68 3.70
1,000-2,499 100,000-249,999 2.60 100.77 3.70 3.73 3.74
2,500-4,999 250,000-499,999 2.35 100.51 3.74 3.77 3.79
5,000-9,999 500,000-999,999 2.10 100.26 3.81 3.84 3.86
10,000-24,999 1,000,000- 2,499,999 1.85 100.00 3.85 3.89 3.90
25,000-49,999 2,500,000- 4,999,999 1.80 99.95 3.88 3.91 3.93
50,000 and over 5,000,000 and over 1.50 99.64 3.95 3.98 4.00
</TABLE>
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
(1) As of the business day prior to the Date of Deposit. Units are offered at
the Public Offering Price plus accrued interest.
(2) All figures as of the business day prior to the Date of Deposit. Figures in
brackets represent the current return. The first year's estimated current
returns are slightly lower than those for subsequent years because a portion
of the monies received in the first year only will be treated as a return of
principal due to the inclusion in the portfolio of "when issued" or other
Bonds having delivery dates after the date of settlement for a purchase made
on the Date of Deposit.
(3) In contrast to Estimated Current Return, Estimated Long Term Return reflects
the amortization of premium or accretion of discount, if any, on the bonds
in the Trust's portfolio.
- --------------------------------------------------------------------------------
REINVESTMENT OPTIONS Specify automatic reinvestment of trust income, with no
sales charge, to earn compounded dividends with Nuveen mutual funds.
- --------------------------------------------------------------------------------
INTEREST DISTRIBUTIONS TO UNITHOLDERS Unitholders may elect to have interest
distributions made on a monthly, quarterly, or semi-annual basis. Record Dates
are May 1 and November 1 for semi-annual distributions; February 1, May 1,
August 1 and November 1 for quarterly distributions; and the first of each month
for monthly distributions. Details of interest distributions per unit under the
various plans appear in the following table based upon estimated net annual
interest income at the Date of Deposit:
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Normal
Distributions
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .3397(1) $ 3.8481
-------- $.3204 every month --------
Quarterly Distribution Plan........... $ .3397(1) $ .3231(2) $ .9693 $ .9693 $ .9693 $ 3.8801
Semi-Annual Distribution Plan......... $ .3397(1) $ 1.2996(3) $ 1.9494 $ 3.8991
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
(1) The first distribution will be paid to all Unitholders, regardless of the
distribution plan selected. Such distribution may be more or less than a
regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a
1-month distribution; subsequent quarterly distributions will be regular
3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a
4-month distribution; subsequent semi-annual distributions will be regular
6-month distributions.
+ Interest for Unitholders of this series began to accrue as of the Date of
Deposit. Units purchased on the Date of Deposit will have $.05 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 $.01062 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.3397 per unit for the 32-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 01/01/96 is $.3397 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01068 Quarterly - $0.01077
Semi-Annual - $0.01083
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>
<S> <C> <C> <C> <C> <C>
- -------------------------------------------------------
Percent Percent
of Total of Total
Income Income
- -------------------------------------------------------
California 8.1 % New Mexico 6.6 %
Massachusetts 9.0 New York 19.6
Michigan 8.2 Ohio 11.3
Minnesota 9.4 Pennsylvania 8.8
Missouri 9.2 Texas 9.8
</TABLE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity
of portfolio bonds is 4.9 years.
<TABLE>
<CAPTION>
Year Bonds Mature Amount Percent
- ------------------------------------- ---------- -----------
<S> <C> <C>
2000................................. 3,650 60.8%
2001................................. 2,350 39.2
</TABLE>
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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.
837
<PAGE>
NUVEEN Tax-Exempt Unit Trusts
NUVEEN
CALIFORNIA
INSURED
TRUST 258
Estimated Current Return
5.05% to 5.26%
as of 11/28/95
Estimated Long Term Return
5.08% to 5.34%
50,000 units in a
diversified $5,000,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
67064W 432 Monthly Payment Option
67064W 440 Quarterly Payment Option
67064W 457 Semi-Annual Payment Option
Registered in California
John Nuveen & Co. Incorporated
Investment Bankers
<TABLE>
<S> <C>
Chicago: Atlanta
333 W. Wacker Dr. Austin
Chicago, Illinois 60606 Boca Raton
Telephone: 312.917.7700 Boston
Columbus
New York: Dallas/Ft. Worth
Swiss Bank Tower Irvine
10 East 50th Street Philadelphia
New York, New York 10022 Phoenix
Telephone: 212.207.2000 San Francisco
Seattle
Tampa
Washington, D.C.
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
NUVEEN TAX-EXEMPT UNIT TRUST--INSURED, CALIFORNIA INSURED TRUST 258
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT NOVEMBER 29, 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 State Public Works Board of the State of California, Lease 2003 at 102 AAA Aaa
Revenue Bonds (Department of Corrections), 1993 Series B
(California State Prison-Fresno County, Coalinga), 5.375%
Due 12/1/19. (Original issue discount bonds delivered on
or about April 14, 1993 at a price of 94.522% of principal
amount.)
750,000 Abag Finance Authority for Nonprofit Corporations, 2003 at 102 AAA Aaa
Certificates of Participation (Stanford University
Hospital), California, Series 1993, 5.25% Due 11/1/20.
275,000 Contra Costa Water District (Contra Costa County, 2004 at 102 AAA Aaa
California), Water Revenue Bonds, Series G, 5.50% Due
10/1/19. (Original issue discount bonds delivered on or
about September 7, 1994 at a price of 90.795% of principal
amount.)
750,000 Encinitas Public Financing Authority (California), 1993 2003 at 102 AAA Aaa
Water Revenue Bonds, Series A (San Dieguito Water
District), 5.25% Due 10/1/23.
475,000 City of Fresno (California), Sewer System Revenue Bonds, 2003 at 100 AAA Aaa
1993 Series A-1, 4.50% Due 9/1/23. (Original issue
discount bonds delivered on or about October 6, 1993 at a
price of 88.059% of principal amount.)
750,000 City of Industry, California, General Obligation Bonds, 2005 at 102 AAA Aaa
Issue of 1995, 5.85% Due 7/1/21.
750,000 Sacramento, California, Municipal Utility District, Electric 2003 at 102 AAA Aaa
Revenue Refunding Bonds, 1993 Series D, 5.25% Due
11/15/20. (Original issue discount bonds delivered on or
about May 6, 1993 at a price of 93.784% of principal
amount.)
500,000 The Metropolitan Water District of Southern California, 2005 at 102 AAA Aaa
Water Revenue Bonds, 1995 Series A, 5.75% Due 7/1/21.
----------
$5,000,000
----------
----------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
UNIT PRICE, ESTIMATED CURRENT RETURN AND ESTIMATED LONG TERM RETURN DEPEND ON
AMOUNT PURCHASED AND PAYMENT OPTION The sales charges/volume discounts below
apply on all concurrent purchases of any Nuveen trust units, unless any such
purchases are made by a class of investors for which a separate sales charge is
applicable as described more fully in the Prospectus. Estimated Current Return
equals net income divided by offering price. Estimated Long Term Return
represents an average of the yields to maturity (or call) of the Bonds in the
Trust adjusted to reflect a compounding factor, 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 % $ 101.12 5.05% 5.08% 5.10%
500-999 50,000-99,999 4.75 100.97 5.06 5.09 5.11
1,000-2,499 100,000-249,999 4.50 100.70 5.07 5.10 5.12
2,500-4,999 250,000-499,999 4.25 100.44 5.09 5.12 5.14
5,000-9,999 500,000-999,999 3.50 99.66 5.13 5.16 5.18
10,000-24,999 1,000,000- 2,499,999 3.00 99.14 5.15 5.19 5.20
25,000-49,999 2,500,000- 4,999,999 2.50 98.64 5.18 5.21 5.23
50,000 and over 5,000,000 and over 2.00 98.13 5.21 5.24 5.26
</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 % $ 101.12 5.08% 5.11% 5.13%
500-999 50,000-99,999 4.75 100.97 5.08 5.11 5.13
1,000-2,499 100,000-249,999 4.50 100.70 5.11 5.14 5.16
2,500-4,999 250,000-499,999 4.25 100.44 5.12 5.15 5.17
5,000-9,999 500,000-999,999 3.50 99.66 5.18 5.21 5.23
10,000-24,999 1,000,000- 2,499,999 3.00 99.14 5.22 5.25 5.27
25,000-49,999 2,500,000- 4,999,999 2.50 98.64 5.26 5.29 5.31
50,000 and over 5,000,000 and over 2.00 98.13 5.29 5.32 5.34
</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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4540(1) $ 5.1086
-------- $.4257 every month --------
Quarterly Distribution Plan........... $ .4540(1) $ .4281(2) $ 1.2843 $ 1.2843 $ 1.2843 $ 5.1406
Semi-Annual Distribution Plan......... $ .4540(1) $ 1.7196(3) $ 2.5794 $ 5.1596
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
(1) The first distribution will be paid to all Unitholders, regardless of the
distribution plan selected. Such distribution may be more or less than a
regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a
1-month distribution; subsequent quarterly distributions will be regular
3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a
4-month distribution; subsequent semi-annual distributions will be regular
6-month distributions.
+ 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 $.01419 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4540 per unit for the 32-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 01/01/96 is $.4540 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01419 Quarterly - $0.01427
Semi-Annual - $0.01433
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.
- --------------------------------------------------------------------------------
837
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 25.6 years.
The first bond is scheduled to mature in October, 2019, with the last bond
maturity being October, 2023.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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, The Chase Manhattan Bank, N.A., 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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 200
Estimated Current Return
First
Year: 5.00% to 5.20%
Subsequent
Years: 5.03% to 5.24%
as of 11/28/95
Estimated Long Term Return
5.07% to 5.33%
35,000 units in a
diversified $3,500,000
portfolio of tax-exempt
bonds rated "AAA"
Cusip:
6706LA 258 Monthly Payment Option
6706LA 266 Quarterly Payment Option
6706LA 274 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 200
SCHEDULE OF INVESTMENTS
DATE OF DEPOSIT NOVEMBER 29, 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 Building Authority, State Building Revenue Bonds, 2003 at 102 AAA Aaa
1994 Series, 5.00% Due 6/15/19.
200,000 New Jersey Health Care Facilities Financing Authority, 2005 at 101 AAA Aaa
Revenue Bonds, JFK Health Systems, Obligated Group Issue,
Series 1995, 5.625% Due 7/1/20.
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.
500,000 School Bonds of the Board of Education of the Township of 2007 at 100 AAA Aaa
Branchburg, in the County of Somerset, New Jersey, 5.625%
Due 2/1/24. (General Obligation Bonds.)
50,000 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 Delaware River and Bay Authority, Revenue Bonds 2004 at 102 AAA Aaa
(Delaware and New Jersey), Series 1993, 4.75% Due 1/1/24.
(Original issue discount bonds delivered on or about
October 27, 1993 at a price of 94.631% of principal
amount.)
500,000 The Evesham Municipal Utilities Authority (Burlington 2005 at 100 AAA Aaa
County, New Jersey), Revenue Bonds, 1995 Series A, 5.70%
Due 7/1/20.
250,000 The Township of Hillsborough Municipal Utilities Authority 2005 at 101 AAA Aaa
(Somerset County, New Jersey), Revenue Bonds (Series 1/2
1995), 5.375% Due 5/1/20. (General Obligation Bonds.)
(When issued.)
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.
----------
$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 a compounding factor, 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 % $ 101.22 (5.00%) 5.03% (5.03%) 5.06% (5.05%) 5.08%
500-999 50,000-99,999 4.75 101.06 (5.01) 5.04 (5.04) 5.07 (5.06) 5.09
1,000-2,499 100,000-249,999 4.50 100.80 (5.02) 5.05 (5.05) 5.08 (5.07) 5.10
2,500-4,999 250,000-499,999 4.25 100.53 (5.03) 5.06 (5.06) 5.10 (5.08) 5.12
5,000-9,999 500,000-999,999 3.50 99.75 (5.07) 5.10 (5.10) 5.14 (5.12) 5.16
10,000-24,999 1,000,000- 2,499,999 3.00 99.24 (5.10) 5.13 (5.13) 5.16 (5.15) 5.18
25,000-49,999 2,500,000- 4,999,999 2.50 98.73 (5.12) 5.16 (5.16) 5.19 (5.18) 5.21
50,000 and over 5,000,000 and over 2.00 98.22 (5.15) 5.18 (5.18) 5.22 (5.20) 5.24
</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 % $ 101.22 5.07% 5.11% 5.13%
500-999 50,000-99,999 4.75 101.06 5.07 5.11 5.13
1,000-2,499 100,000-249,999 4.50 100.80 5.09 5.13 5.15
2,500-4,999 250,000-499,999 4.25 100.53 5.11 5.15 5.17
5,000-9,999 500,000-999,999 3.50 99.75 5.17 5.20 5.23
10,000-24,999 1,000,000- 2,499,999 3.00 99.24 5.20 5.24 5.26
25,000-49,999 2,500,000- 4,999,999 2.50 98.73 5.24 5.28 5.30
50,000 and over 5,000,000 and over 2.00 98.22 5.27 5.31 5.33
</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
1996 per Year +
<S> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------- --------------
Record Date*.......................... 1/1 2/1 5/1 8/1 11/1
Distribution Date..................... 1/15 2/15 5/15 8/15 11/15
- ---------------------------------------------------------------------------------------------------------------------------------
Monthly Distribution Plan............. $ .4503(1) $ 5.0917
-------- $.4242 every month --------
Quarterly Distribution Plan........... $ .4503(1) $ .4269(2) $ 1.2807 $ 1.2807 $ 1.2807 $ 5.1237
Semi-Annual Distribution Plan......... $ .4503(1) $ 1.7136(3) $ 2.5704 $ 5.1427
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
* 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.
(1) The first distribution will be paid to all Unitholders, regardless of the
distribution plan selected. Such distribution may be more or less than a
regular monthly distribution.
(2) The second distribution under the quarterly distribution plan represents a
1-month distribution; subsequent quarterly distributions will be regular
3-month distributions.
(3) The second distribution under the semi-annual distribution plan represents a
4-month distribution; subsequent semi-annual distributions will be regular
6-month distributions.
+ 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 $.01407 per unit per day.
Consequently, on the first Record Date (01/01/96), accrued interest will total
$0.4503 per unit for the 32-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 01/01/96 is $.4503 per unit.
After the first Record Date daily rates of accrual are:
Monthly - $0.01414 Quarterly - $0.01423
Semi-Annual - $0.01428
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.
- --------------------------------------------------------------------------------
837
<PAGE>
- -------------------------------------------------------
AVERAGE PORTFOLIO LIFE The average maturity of portfolio bonds is 28.7 years.
The first bond is scheduled to mature in September, 2017, with the last bond
maturity being November, 2033.
- -------------------------------------------------------
BONDS INSURED BY MBIA Each bond in this Nuveen Insured series has been
insured* by the MBIA Insurance 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 Optional 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, The Chase Manhattan Bank, N.A., 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.
- -------------------------------------------------------
FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION, INCLUDING CHARGES, RISKS
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.
