<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 311 842
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.82 - 5.02% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.89 - 5.15% - Diversified Portfolios
DATE OF DEPOSIT: January 5, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal income tax but may
be subject to state and local tax. Capital gains
are taxable.
Total Principal $10,000,000 in 100,000 units
Average Life 25.1 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.98 to $97.02 depending on the purchase amount
Cusip 6710A4 520 monthly payment plan
Numbers 6710A4 538 quarterly payment plan
6710A4 546 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in all states
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
PORTFOLIO INCOME DIVERSIFICATION
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Alabama 10.6 % California 21.8 % Iowa 11.0 %
Massachusetts 2.1 Michigan 7.1 New York 10.9
Pennsylvania 21.5 Virginia 15.0
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2015-18 19.50%
2019-22 40.40%
2023+ 40.10%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/04/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 7.53%
Tax Equivalent Yield 4.82%
Treasury Bonds
Pre-Tax 6.35%
Tax Equivalent Yield 6.03%
Corporate Bonds
Yield 6.87%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE
BOND INDEX. ASSUMES 36% FEDERAL AND 5% STATE INCOME TAX RATES. TREASURY BONDS
ARE SUBJECT TO FEDERAL BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE
GENERALLY SUBJECT TO BOTH. TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE
GUARANTEED BY THE U.S. GOVERNMENT. THE LEHMAN BROTHERS INVESTMENT GRADE LONG
CORPORATE BOND INDEX IS CALCULATED AS OF 12/31/95.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 1,000,000 City of Birmingham, Alabama, General Obligation Street Improvement AAA Aaa
Warrants, Series 1995-B, 5.375% Due 6/1/20. 2005 at 102
1,000,000 State Public Works Board of the State of California, Lease Revenue Bonds AAA Aaa
(Department of Corrections), 1993 Series E (California State Prison-Madera
County (II)), 5.50% Due 6/1/19. 2004 at 102
1,000,000 Contra Costa Water District (Contra Costa County, California), Water AAA Aaa
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.) 2004 at 102
750,000 Metropolitan Pier and Exposition Authority (Illinois), McCormick Place AAA Aaa
Expansion Project Bonds, Series 1992A, 0.00% Due 6/15/17. (Original issue
discount bonds delivered on or about January 5, 1993 at a price of 19.735%
of principal amount.) No Optional
Call
1,000,000 Woodbury County, Iowa, Health System Revenue Refunding Bonds (St. Luke's AAA Aaa
Obligated Group), Series 1995A, 5.55% Due 9/1/20. (Original issue discount
bonds delivered on or about October 26, 1995 at a price of 94.217% of
principal amount.) 2005 at 102
195,000 Town of Andover, Massachusetts, General Obligation Bonds, 5.375% Due AAA Aaa
11/15/15. 2005 at 102
600,000 City of Detroit, Michigan, Water Supply System Revenue Second Lien Bonds, AAA Aaa
Series 1995-A, 5.50% Due 7/1/25. 2005 at 101
50,000 Shelby Public School, County of Oceana, State of Michigan, 1995 School AAA Aaa
Building and Site Bonds, 5.625% Due 5/1/21. (General Obligation Bonds.) 2004 at 101
1,000,000 New York City, New York, Municipal Water Finance Authority, Water and Sewer AAA Aaa
System Revenue Bonds, Fiscal 1996 Series A, 5.50% Due 6/15/23. (Original
issue discount bonds delivered on or about August 16, 1995 at a price of
88.954% of principal amount.) 2005 at 100
1,000,000 Allegheny County Hospital Development Authority (Pennsylvania), Health AAA Aaa
Center Revenue Bonds, Series of 1995 (University of Pittsburgh Medical
Center System), 5.375% Due 12/1/25. 2005 at 102
1,000,000 Chester County (Pennsylvania), Health and Education Facilities Authority, AAA Aaa
Health System Revenue Bonds, Series A of 1994 (Main Line Health System),
5.50% Due 5/15/15. 2004 at 102
1,405,000 Industrial Development Authority of the City of Alexandria, Virginia, AAA Aaa
Pollution Control Revenue Refunding Bonds (Potomac Electric Project), 1994
Series, 5.375% Due 2/15/24. 2004 at 102
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 12 BONDS FROM 9 STATES
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 01/04/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 99.98 4.90 % 4.82% 4.89% 4.86% 4.92% 4.87% 4.94 %
500 / $50,000 99.82 4.75 4.83 4.90 4.86 4.92 4.88 4.94
1,000 / $100,000 99.56 4.50 4.84 4.92 4.88 4.95 4.90 4.97
2,500 / $250,000 99.30 4.25 4.86 4.93 4.89 4.96 4.91 4.98
5,000 / $500,000 98.53 3.50 4.89 4.99 4.93 5.02 4.95 5.04
10,000 / $1,000,000 98.02 3.00 4.92 5.03 4.95 5.06 4.97 5.08
25,000 / $2,500,000 97.52 2.50 4.95 5.06 4.98 5.10 5.00 5.11
50,000 / $5,000,000 97.02 2.00 4.97 5.10 5.00 5.13 5.02 5.15
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 28.0% 31.0% 36.0% 39.6%
<C> <S> <C> <C> <C> <C>
4.82 % 6.69% 6.99% 7.53% 7.98%
4.83 6.71 7.00 7.55 8.00
4.84 6.72 7.01 7.56 8.01
4.86 6.75 7.04 7.59 8.05
4.89 6.79 7.09 7.64 8.10
4.92 6.83 7.13 7.69 8.15
4.95 6.88 7.17 7.73 8.20
4.97 6.90 7.20 7.77 8.23
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
02/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/96 $ .3481
Monthly plan 3/15/96 .4017 $ 4.8228
Quarterly plan 5/15/96 1.2132
8/15/96 1.2132 4.8548
Semi-annual plan 5/15/96 1.2177
11/15/96 2.4354 4.8738
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.05 = 99.950
investment offering price # of units
(as of and accrued purchased
01/04/96) interest
99.950 X $4.8228 = $482.04
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MASSACHUSETTS
INSURED UNIT TRUST 132 842
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.74 - 4.94% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.77 - 5.03% - Diversified Portfolios
DATE OF DEPOSIT: January 5, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 24.9 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $102.93 to $99.89 depending on the purchase amount
Cusip 670947 555 monthly payment plan
Numbers 670947 563 quarterly payment plan
670947 571 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Massachusetts
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2011-14 35.40%
2015-19 9.40%
2020-23 0.00%
2024-27 42.90%
2028+ 12.30%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/04/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.39%
Tax Equivalent Yield 4.74%
Treasury Bonds
Pre-Tax 6.85%
Tax Equivalent Yield 6.03%
Corporate Bonds
</TABLE>
<PAGE>
<TABLE>
<S> <C>
Yield 6.87%
</TABLE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 43.5% FEDERAL AND STATE INCOME TAX
RATE AND A 12.00% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL
BUT NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 12/31/95.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 200,000 The Commonwealth of Massachusetts, General Obligation Bonds, Consolidated 2004 at 102 AAA Aaa
Loan of 1994, Series A, 5.00% Due 1/1/12.
500,000 Massachusetts Bay Transportation Authority, General Transportation System 2005 at 101 AAA Aaa
Bonds, 1995 Series B, 5.375% Due 3/1/25. (Original issue discount bonds
delivered on or about October 3, 1995 at a price of 92.994% of principal
amount.)(General Obligation Bonds.)
430,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2005 at 102 AAA Aaa
Harvard University Issue, Series P, 5.375% Due 11/1/32. (Original issue
discount bonds delivered on or about June 13, 1995 at a price of 94.007% of
principal amount.)
500,000 Massachusetts Health and Educational Facilities Authority, Revenue Bonds, 2004 at 102 AAA Aaa
New England Medical Center Hospitals Issue, Series G-1, 5.375% Due 7/1/24.
500,000 Massachusetts Municipal Wholesale Electric Company, Power Supply System 2004 at 102 AAA Aaa
Revenue Bonds, 1994 Series B, 5.00% Due 7/1/13.
320,000 Massachusetts State General Obligation Bonds, Metropolitan Water District, No Optional AAA Aaa
4.10% Due 5/1/11. (Original issue discount bonds delivered on or about May Call
1, 1971 at a price of 78.782% of principal amount.)
500,000 Massachusetts Water Resources Authority, General Revenue Bonds, 1995 Series 2005 at 102 AAA Aaa
B, 5.00% Due 12/1/25. (Original issue discount bonds delivered on or about
January 4, 1996 at a price of 94.801% of principal amount.)
330,000 Town of Andover, Massachusetts, General Obligation Bonds, 5.375% Due 2005 at 102 AAA Aaa
11/15/15.
220,000 Town of Franklin, Massachusetts, General Obligation Bonds, 5.25% Due 2005 at 102 AAA Aaa
11/15/14.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 9 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 01/04/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 102.93 4.90 % 4.74% 4.77% 4.77% 4.80% 4.79% 4.82 %
500 / $50,000 102.77 4.75 4.75 4.78 4.78 4.80 4.80 4.82
1,000 / $100,000 102.50 4.50 4.76 4.80 4.79 4.83 4.81 4.85
2,500 / $250,000 102.24 4.25 4.77 4.81 4.81 4.84 4.82 4.86
5,000 / $500,000 101.44 3.50 4.81 4.87 4.84 4.90 4.86 4.92
10,000 / $1,000,000 100.92 3.00 4.84 4.91 4.87 4.94 4.89 4.96
25,000 / $2,500,000 100.40 2.50 4.86 4.94 4.89 4.97 4.91 4.99
50,000 / $5,000,000 99.89 2.00 4.89 4.98 4.92 5.01 4.94 5.03
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 36.5% 39.5% 43.5% 47.0%
<C> <S> <C> <C> <C> <C>
4.74 % 7.46% 7.83% 8.39% 8.94%
4.75 7.48 7.85 8.41 8.96
4.76 7.50 7.87 8.42 8.98
4.77 7.51 7.88 8.44 9.00
4.81 7.57 7.95 8.51 9.08
4.84 7.62 8.00 8.57 9.13
4.86 7.65 8.03 8.60 9.17
4.89 7.70 8.08 8.65 9.23
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
02/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/96 $ .3525
Monthly plan 3/15/96 .4068 $ 4.8818
Quarterly plan 5/15/96 1.2276
8/15/96 1.2276 4.9138
Semi-annual plan 5/15/96 1.2330
11/15/96 2.4660 4.9328
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 103.00 = 97.087
investment offering price # of units
(as of and accrued purchased
01/04/96) interest
97.087 X $4.8818 = $473.96
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN MICHIGAN
INSURED UNIT TRUST 63 842
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.83 - 5.03% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.86 - 5.12% - Diversified Portfolios
DATE OF DEPOSIT: January 5, 1996 - Top-Rated Municipal Bonds
</TABLE>
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 FDIC OR
ANY OTHER FEDERAL AGENCY AND INVOLVE INVESTMENT RISK, INCLUDING THE POSSIBLE
LOSS OF PRINCIPAL.
- --------------------------------------------------------------------------------
QUICK FACTS ABOUT THIS UNIT TRUST
<TABLE>
<S> <C>
Tax Status Income is exempt from federal and state income
taxes. Capital gains are taxable.
Total Principal $3,500,000 in 35,000 units
Average Life 25.6 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.79 to $97.81 depending on the purchase amount
Cusip 67095E 401 monthly payment plan
Numbers 67095E 419 quarterly payment plan
67095E 427 semi-annual payment plan
Insurance Individual bonds (not units) are fully insured by
MBIA Insurance Corporation, which guarantees
timely payment of interest and principal.
Registration Registered in Michigan
</TABLE>
<TABLE>
<S> <C>
Payment Investors may choose to receive monthly, quarterly
Plans or semi-annual interest payments.
Bond Calls Most municipal bonds are subject to optional bond
calls. Bonds are usually called at a premium price
and generally not below par value.
Sales Charge The sales charge is a one-time expense included in
the Public Offering Price.
Letter Investors may use a Letter of Intent to get
of Intent reduced sales charges on purchases made over a
(LOI) 13-month period (and to take advantage of dollar
cost averaging). Minimum LOI investment $50,000.
Redemptions Units can be redeemed on any business day at no
charge. Units are redeemed at their current market
value.
Reinvestment Interest income and returned principal can be
reinvested with no sales charge into Nuveen tax-
free mutual or money market funds. For more
information obtain a prospectus.
</TABLE>
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
MATURITY DATES (Description of Chart)
2015-18 20.10%
2019-22 52.00%
2023+ 27.90%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/04/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.05%
Tax Equivalent Yield 4.83%
Treasury Bonds
Pre-Tax 6.43%
Tax Equivalent Yield 6.03%
Corporate Bonds
Yield 6.87%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 40% FEDERAL AND STATE INCOME TAX RATE
AND A 6.15% STATE INCOME TAX RATE. TREASURY BONDS ARE SUBJECT TO FEDERAL BUT
NOT STATE INCOME TAXES; CORPORATE BONDS ARE GENERALLY SUBJECT TO BOTH.
TREASURY BONDS, UNLIKE MUNICIPAL BONDS, ARE GUARANTEED BY THE U.S. GOVERNMENT.
THE LEHMAN BROTHERS INVESTMENT GRADE LONG CORPORATE BOND INDEX IS CALCULATED
AS OF 12/31/95.
CALL 1.800.257.8787 FOR A PROSPECTUS CONTAINING MORE COMPLETE INFORMATION
INCLUDING CHARGES AND EXPENSES.
<PAGE>
- --------------------------------------------------------------------------------
BONDS THIS UNIT TRUST CONTAINS
<TABLE>
<CAPTION>
RATINGS
PRINCIPAL EARLIEST CALL ----------
AMOUNT BOND ISSUE DATE AND PRICE S&P MOODY'S
<C> <S> <C> <C><C>
----------------------------------------------------------------------------------------------------------------
$ 500,000 Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds 2004 at 102 AAA Aaa
(Mercy Memorial Hospital, Monroe, Michigan), Series 1994, 5.25% Due 6/1/21.
100,000 Michigan Municipal Bond Authority, Local Government Loan Program, Revenue No Optional AAA Aaa
Bonds, Series 1994G, 0.00% Due 5/1/15. (Original issue discount bonds Call
delivered on or about December 21, 1994 at a price of 25.127% of principal
amount.)
500,000 City of Detroit, Michigan, Sewage Disposal System Revenue Refunding Bonds, 2005 at 101 AAA Aaa
Series 1995-B, 5.25% Due 7/1/21. (Original issue discount bonds delivered
on or about November 21, 1995 at a price of 93.88% of principal amount.)
325,000 Board of Trustees of Ferris State University (Michigan), General Revenue 2005 at 101 AAA Aaa
and Refunding Bonds, Series 1995, 5.25% Due 10/1/20.
500,000 Holly Area School District, County of Oakland, State of Michigan, 1995 2005 at 101 AAA Aaa
School Building and Site Bonds, 5.625% Due 5/1/25. (General Obligation
Bonds.)
500,000 City of Kalamazoo Hospital Finance Authority (Michigan), Hospital Revenue 2004 at 102 AAA Aaa
Refunding Bonds (Borgess Medical Center), Series 1994A, 5.25% Due 6/1/17.
475,000 Paw Paw Public Schools, County of Van Buren, State of Michigan, 1995 School 2005 at 100 AAA Aaa
Building and Site Bonds, 5.625% Due 5/1/25. (General Obligation Bonds.)
100,000 Romulus Community Schools, County of Wayne, State of Michigan, 1993 No Optional AAA Aaa
Refunding Bonds, 0.00% Due 5/1/18. (Original issue discount bonds delivered Call
on or about May 4, 1993 at a price of 22.274% of principal amount.)(General
Obligation Bonds.)
500,000 Shelby Public School, County of Oceana, State of Michigan, 1995 School 2004 at 101 AAA Aaa
Building and Site Bonds, 5.625% Due 5/1/21. (General Obligation Bonds.)
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 9 BONDS
</TABLE>
- --------------------------------------------------------------------------------
HOW TO DETERMINE YOUR INCOME AND YIELD
HOW TO CALCULATE YOUR RETURN
<TABLE>
<S> <C>
The estimated current return is the net income the sales charge, and returns are as of 01/04/96.
divided by the offering price. Estimated long-term As of this date, Units are offered at the public
return is a measure of the return to the investor offering price plus accrued interest to the
expected to be earned over the estimated life of settlement date of $.07. Returns and prices will
the Unit Trust. The public offering prices, which fluctuate.
include
</TABLE>
<TABLE>
<CAPTION>
Public Estimated Return (CURRENT/Long Term)
Breakpoints Offering Sales -------------------------------------------------
Units / Dollars Price Charge Monthly Plan Quarterly Plan Semi-Annual Plan
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
50 / $5,000 $ 100.79 4.90 % 4.83% 4.86% 4.87% 4.89% 4.89% 4.91 %
500 / $50,000 100.63 4.75 4.84 4.87 4.87 4.90 4.89 4.92
1,000 / $100,000 100.37 4.50 4.85 4.89 4.89 4.92 4.91 4.94
2,500 / $250,000 100.10 4.25 4.87 4.91 4.90 4.94 4.92 4.96
5,000 / $500,000 99.33 3.50 4.91 4.96 4.94 4.99 4.96 5.01
10,000 / $1,000,000 98.81 3.00 4.93 5.00 4.96 5.03 4.98 5.05
25,000 / $2,500,000 98.31 2.50 4.96 5.04 4.99 5.07 5.01 5.09
50,000 / $5,000,000 97.81 2.00 4.98 5.07 5.01 5.10 5.03 5.12
</TABLE>
HOW TO DETERMINE YOUR
TAXABLE EQUIVALENT YIELD
The table shows the approximate yield an investor must get from a taxable
investment to match the estimated current return from this Unit Trust.
<TABLE>
<CAPTION>
Taxable Equivalent Yield (by
UNIT TRUST tax bracket)
RETURN 32.5% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
4.83 % 7.16% 7.43% 8.05% 8.55%
4.84 7.17 7.45 8.07 8.57
4.85 7.19 7.46 8.08 8.58
4.87 7.21 7.49 8.12 8.62
4.91 7.27 7.55 8.18 8.69
4.93 7.30 7.58 8.22 8.73
4.96 7.35 7.63 8.27 8.78
4.98 7.38 7.66 8.30 8.81
</TABLE>
JOHN NUVEEN & CO. INCORPORATED
333 WEST WACKER DRIVE, CHICAGO, IL 60606
HOW TO CALCULATE YOUR INCOME
The table shows expected interest payments for monthly, quarterly and
semi-annual plans. Payments will remain relatively constant as long as the Unit
Trust's size, composition and expenses remain the same. The first record date is
02/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 2/15/96 $ .3517
Monthly plan 3/15/96 .4059 $ 4.8727
Quarterly plan 5/15/96 1.2258
8/15/96 1.2258 4.9047
Semi-annual plan 5/15/96 1.2303
11/15/96 2.4606 4.9237
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.86 = 99.147
investment offering price # of units
(as of and accrued purchased
01/04/96) interest
99.147 X $4.8727 = $483.11
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
