<PAGE>
NUVEEN
NUVEEN VIRGINIA
TRADITIONAL UNIT TRUST 306 845
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
ESTIMATED CURRENT RETURN: NUVEEN TAX-FREE UNIT TRUSTS:
4.90 - 5.10% For the tax-sensitive, conservative investor.
ESTIMATED LONG-TERM RETURN: - Double Tax-Free
4.92 - 5.18% - Dependable Income
DATE OF DEPOSIT: January 30, 1996 - Diversified Portfolios
- Investment Grade 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 $3,000,000 in 30,000 units
Average Life 28.5 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.44 to $98.44 depending on the purchase amount
Cusip 6706LB 108 monthly payment plan
Numbers 6706LB 116 quarterly payment plan
6706LB 124 semi-annual payment plan
Ratings of As rated by Standard & Poor's, a division of The McGraw
Portfolio Hill Companies
or Moody's Investors Service, Inc.
AAA 85%
A 15
---------
100%
Registration Registered in Virginia
</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>
- --------------------------------------------------------------------------------
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>
----------------------------------------------------------------------------------------------------------------
$ 450,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1995 (General AAA Aaa
Obligation Bonds.), 5.375% Due 7/1/22. (Original issue discount bonds
delivered on or about May 4, 1995 at a price of 93.916% of principal
amount.)(MBIA Insured.) 2005 at 101
1/2
450,000 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. (MBIA Insured.) 2004 at 102
300,000 County of Hanover, Virginia, Water and Sewer System Revenue Bonds, Series AAA Aaa
1996, 5.25% Due 2/1/26. (MBIA Insured.) 2006 at 102
450,000 Loudoun County Sanitation Authority (Virginia), Water and Sewer System AAA Aaa
Revenue Bonds, Series 1994A, 5.25% Due 1/1/25. (Original issue discount
bonds delivered on or about March 30, 1994 at a price of 90.50% of
principal amount.)(MBIA Insured.) 2004 at 102
450,000 Industrial Development Authority of the Town of Louisa, Virginia, Pollution A A2
Control Revenue Bonds (Virginia Electric and Power Company Project), Series
1994, 5.45% Due 1/1/24. 2004 at 102
450,000 City of Richmond, Virginia, General Obligation Public Improvement Refunding AAA Aaa
Bonds, Series 1995B, 5.00% Due 1/15/21. (FGIC Insured.) 2006 at 102
450,000 Upper Occoquan Sewage Authority (Virginia), Regional Sewerage System AAA Aaa
Revenue Bonds, Series of 1995A, 4.75% Due 7/1/29. (Original issue discount
bonds delivered on or about January 9, 1996 at a price of 91.422% of
principal amount.)(MBIA Insured.) 2006 at 100
----------------------------------------------------------------------------------------------------------------
$ 3,000,000 TOTAL 7 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 01/29/96.
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 $.03. 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 $ 101.44 4.90 % 4.90% 4.92% 4.93% 4.96% 4.95% 4.98 %
500 / $50,000 101.28 4.75 4.90 4.92 4.93 4.96 4.95 4.98
1,000 / $100,000 101.02 4.50 4.92 4.94 4.95 4.98 4.97 5.00
2,500 / $250,000 100.75 4.25 4.93 4.96 4.96 5.00 4.98 5.02
5,000 / $500,000 99.97 3.50 4.97 5.01 5.00 5.05 5.02 5.07
10,000 / $1,000,000 99.45 3.00 4.99 5.05 5.03 5.09 5.04 5.11
25,000 / $2,500,000 98.94 2.50 5.02 5.08 5.05 5.12 5.07 5.14
50,000 / $5,000,000 98.44 2.00 5.04 5.12 5.08 5.16 5.10 5.18
</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 32.0% 35.0% 39.5% 43.0%
<C> <S> <C> <C> <C> <C>
4.90 % 7.21% 7.54% 8.10% 8.60%
4.90 7.21 7.54 8.10 8.60
4.92 7.24 7.57 8.13 8.63
4.93 7.25 7.58 8.15 8.65
4.97 7.31 7.65 8.21 8.72
4.99 7.34 7.68 8.25 8.75
5.02 7.38 7.72 8.30 8.81
5.04 7.41 7.75 8.33 8.84
</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
03/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/96 $ .4274
Monthly plan 4/15/96 .4137 $ 4.9656
Quarterly plan 5/15/96 .8328
8/15/96 1.2492 4.9976
Semi-annual plan 5/15/96 .8358
11/15/96 2.5074 5.0166
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.47 = 98.551
investment offering price # of units
(as of and accrued purchased
01/29/96) interest
98.551 X $4.9656 = $489.36
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NATIONAL
INSURED UNIT TRUST 312 845
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
5.01 - 5.22% - Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.98 - 5.26% - Diversified Portfolios
DATE OF DEPOSIT: January 30, 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 26.3 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $101.80 to $98.79 depending on the purchase amount
Cusip 6710A4 553 monthly payment plan
Numbers 6710A4 561 quarterly payment plan
6710A4 579 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>
California 15.5 % Illinois 7.9 % Kentucky 2.6 %
Michigan 10.3 New York 21.1 Pennsylvania 22.3
Texas 10.3 Virginia 10.0
</TABLE>
<TABLE>
<S> <C>
MATURITY DATES (Descrtiption of Chart)
2015-18 10.0%
2019-22 47.5%
2023-2026 32.0%
</TABLE>
<PAGE>
<TABLE>
<S> <C>
2027+ 10.5%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/29/96*
(Descrition of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 7.83%
Tax Equivalent Yield 5.01%
Treasury Bonds
Pre-Tax 6.41%
Tax Equivalent Yield 6.09%
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>
----------------------------------------------------------------------------------------------------------------
$ 500,000 California Statewide Communities Development Authority, Certificates of AAA Aaa
Participation (Sutter Health Obligated Group), 5.50% Due 8/15/22. (Original
issue discount bonds delivered on or about July 18, 1995 at a price of
92.464% of principal amount.) 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
750,000 The Board of Trustees of the University of Illinois, University of Illinois AAA Aaa
Auxiliary Facilities System Revenue Bonds, Series 1996, 5.60% Due 10/1/22.
(When issued.) 2006 at 102
250,000 County of Boone, Kentucky, Collateralized Pollution Control Revenue AAA Aaa
Refunding Bonds, 1994 Series A (The Cincinnati Gas & Electric Company
Project), 5.50% Due 1/1/24. 2004 at 102
1,000,000 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
1,000,000 Dormitory Authority of the State of New York, State University Educational AAA Aaa
Facilities Revenue Bonds, Series 1994B, 5.75% Due 5/15/24. (Original issue
discount bonds delivered on or about September 13, 1994 at a price of
91.125% of principal amount.) 2004 at 100
500,000 New York State Energy Research and Development Authority, Gas Facilities AAA Aaa
Revenue Bonds, 1996 Series (The Brooklyn Union Gas Company Project), 5.50%
Due 1/1/21. 2006 at 102
500,000 New York City (New York), Municipal Water Finance Authority, Water and AAA Aaa
Sewer System Revenue Bonds, Fixed Rate Fiscal 1994 Series B, 5.50% Due
6/15/19. 2004 at 101
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
1,000,000 Lehigh County Industrial Development Authority, Pollution Control Revenue AAA Aaa
Refunding Bonds, 1994 Series B (Pennsylvania Power & Light Company
Project), 6.40% Due 9/1/29. 2004 at 102
1,000,000 City of Austin, Texas, Combined Utility Systems Revenue Refunding Bonds, AAA Aaa
Series 1995, 5.50% Due 5/15/20. 2005 at 100
950,000 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
50,000 Upper Occoquan Sewage Authority (Virginia), Regional Sewerage System AAA Aaa
Revenue Bonds, Series of 1995A, 4.75% Due 7/1/29. (Original issue discount
bonds delivered on or about January 9, 1996 at a price of 91.422% of
principal amount.) 2006 at 100
500,000 Wisconsin Center District, Senior Dedicated Tax Revenue Bonds, Series AAA Aaa
1996A, 0.00% Due 12/15/19. (Original issue discount bonds will be delivered
on or about February 1, 1996 at a price of 25.838% of principal
amount.)(When issued.) No Optional
Call
----------------------------------------------------------------------------------------------------------------
$10,000,000 TOTAL 14 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 01/29/96.
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 $.03. 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 $ 101.80 4.90 % 5.01% 4.98% 5.04% 5.01% 5.06% 5.03 %
500 / $50,000 101.64 4.75 5.02 4.99 5.05 5.02 5.07 5.04
1,000 / $100,000 101.37 4.50 5.03 5.02 5.06 5.04 5.08 5.06
2,500 / $250,000 101.11 4.25 5.05 5.03 5.08 5.06 5.10 5.08
5,000 / $500,000 100.32 3.50 5.09 5.09 5.12 5.12 5.14 5.14
10,000 / $1,000,000 99.80 3.00 5.11 5.13 5.14 5.16 5.16 5.18
25,000 / $2,500,000 99.29 2.50 5.14 5.17 5.17 5.20 5.19 5.22
50,000 / $5,000,000 98.79 2.00 5.16 5.21 5.20 5.24 5.22 5.26
</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>
5.01 % 6.96% 7.26% 7.83% 8.29%
5.02 6.97 7.28 7.84 8.31
5.03 6.99 7.29 7.86 8.33
5.05 7.01 7.32 7.89 8.36
5.09 7.07 7.38 7.95 8.43
5.11 7.10 7.41 7.98 8.46
5.14 7.14 7.45 8.03 8.51
5.16 7.17 7.48 8.06 8.54
</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
03/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/96 $ .4381
Monthly plan 4/15/96 .4251 $ 5.1016
Quarterly plan 5/15/96 .8556
8/15/96 1.2834 5.1336
Semi-annual plan 5/15/96 .8586
11/15/96 2.5758 5.1526
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 101.83 = 98.202
investment offering price # of units
(as of and accrued purchased
01/29/96) interest
98.202 X $5.1016 = $500.99
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN CALIFORNIA
INSURED UNIT TRUST 260 845
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.88 - 5.09% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.95 - 5.21% - Diversified Portfolios
DATE OF DEPOSIT: January 30, 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 25.8 years
Call Protection Earliest ordinary optional call is 2004
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.46 to $97.49 depending on the purchase amount
Cusip 67064W 499 monthly payment plan
Numbers 67064W 507 quarterly payment plan
67064W 515 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 California
</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 27.9%
2019-22 28.6%
2023+ 43.5%
The earliest ordinary optional call date is 2004
YIELD COMPARISON AS OF 01/29/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.41%
Tax Equivalent Yield 4.88%
Treasury Bonds
Pre-Tax 6.71%
Tax Equivalent Yield 6.09%
Corporate Bonds
Yield 6.87%
</TABLE>
<PAGE>
*COMPARES TRUST WITH 30-YEAR TREASURY BONDS AND LEHMAN BROTHERS INVESTMENT
GRADE LONG CORPORATE BOND INDEX. ASSUMES 42% FEDERAL AND STATE INCOME TAX RATE
AND A 9.3% 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 California Statewide Communities Development Authority, Certificates of 2005 at 102 AAA Aaa
Participation (Sutter Health Obligated Group), 5.50% Due 8/15/22. (Original
issue discount bonds delivered on or about July 18, 1995 at a price of
92.464% of principal amount.)
350,000 California Health Facilities Financing Authority, Insured Hospital Revenue 2006 at 102 AAA Aaa
Refunding Bonds (Children's Hospital-San Diego), Series 1996, 5.375% Due
7/1/16. (When issued.)
500,000 State Public Works Board of the State of California, Lease Revenue Bonds 2004 at 102 AAA Aaa
(Department of Corrections), 1993 Series E (California State Prison-Madera
County (II)), 5.50% Due 6/1/19.
525,000 Los Angeles County Metropolitan Transportation Authority (California), 2005 at 100 AAA Aaa
Proposition C Sales Tax Revenue Bonds, Second Senior Bonds, Series 1995-A,
5.00% Due 7/1/25. (Original issue discount bonds delivered on or about July
26, 1995 at a price of 88.18% of principal amount.)
500,000 Department of Water and Power of The City of Los Angeles, California, 2004 at 102 AAA Aaa
Electric Plant Revenue Bonds, Issue of 1994, 5.30% Due 2/15/25.
500,000 The Metropolitan Water District of Southern California, Water Revenue 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.50% Due 7/1/25. (Original issue discount bonds
delivered on or about July 13, 1995 at a price of 93.081% of principal
amount.)
125,000 Southern California Public Power Authority, Transmission Project Revenue No Optional AAA Aaa
Bonds, 1992 Subordinate Refunding Series (Southern Transmission Project), Call
0.00% Due 7/1/15. (Original issue discount bonds delivered on or about July
29, 1992 at a price of 23.86% of principal amount.)
500,000 County of Stanislaus (California), Refunding Certificates of Participation 2006 at 102 AAA Aaa
(Capital Improvement Program), Series A of 1996, 5.25% Due 5/1/18.
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 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 01/29/96.
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 $.03. 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 $ 100.46 4.90 % 4.88% 4.95% 4.92% 4.98% 4.94% 5.00 %
500 / $50,000 100.30 4.75 4.89 4.96 4.92 4.99 4.94 5.01
1,000 / $100,000 100.04 4.50 4.91 4.98 4.94 5.01 4.96 5.03
2,500 / $250,000 99.78 4.25 4.92 5.00 4.95 5.03 4.97 5.04
5,000 / $500,000 99.01 3.50 4.96 5.05 4.99 5.08 5.01 5.10
10,000 / $1,000,000 98.50 3.00 4.98 5.09 5.01 5.12 5.03 5.14
25,000 / $2,500,000 97.99 2.50 5.01 5.13 5.04 5.16 5.06 5.18
50,000 / $5,000,000 97.49 2.00 5.03 5.16 5.07 5.19 5.09 5.21
</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 34.5% 37.5% 42.0% 45.0%
<C> <S> <C> <C> <C> <C>
4.88 % 7.45% 7.81% 8.41% 8.87%
4.89 7.47 7.82 8.43 8.89
4.91 7.50 7.86 8.47 8.93
4.92 7.51 7.87 8.48 8.95
4.96 7.57 7.94 8.55 9.02
4.98 7.60 7.97 8.59 9.05
5.01 7.65 8.02 8.64 9.11
5.03 7.68 8.05 8.67 9.15
</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
03/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/96 $ .4225
Monthly plan 4/15/96 .4089 $ 4.9071
Quarterly plan 5/15/96 .8226
8/15/96 1.2339 4.9391
Semi-annual plan 5/15/96 .8262
11/15/96 2.4786 4.9581
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.49 = 99.512
investment offering price # of units
(as of and accrued purchased
01/29/96) interest
99.512 X $4.9071 = $488.32
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN GEORGIA
INSURED UNIT TRUST 49 845
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.73 - 4.93% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.85 - 5.12% - Diversified Portfolios
DATE OF DEPOSIT: January 30, 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 $3,000,000 in 30,000 units
Average Life 22.3 years
Call Protection Earliest ordinary optional call is 2003
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $99.89 to $96.94 depending on the purchase amount
Cusip 67101M 769 monthly payment plan
Numbers 67101M 777 quarterly payment plan
67101M 785 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 Georgia
</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)
2013-16 45.0%
2017-20 38.7%
2021-24 0.0%
2025+ 16.3%
The earliest ordinary optional call date is 2003
YIELD COMPARISON AS OF 01/29/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 7.88%
Tax Equivalent Yield 4.73%
Treasury Bonds
Pre-Tax 6.48%
Tax Equivalent Yield 6.09%
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% 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>
----------------------------------------------------------------------------------------------------------------
$ 450,000 State of Georgia, General Obligation Bonds, 1993F, 2.50% Due 12/1/13. No Optional AAA Aaa
(Original issue discount bonds delivered on or about December 8, 1993 at a Call
price of 66.692% of principal amount.)
450,000 Municipal Electric Authority of Georgia, Power Revenue Bonds, Series EE, 2004 at 100 AAA Aaa
5.50% Due 1/1/26. (Original issue discount bonds delivered on or about June
1, 1994 at a price of 87.008% of principal amount.)
450,000 City of Atlanta, Georgia, General Obligation School Improvement Bonds, 2003 at 102 AAA Aaa
Series 1993, 5.60% Due 12/1/18.
450,000 Chatham County School District (Georgia), General Obligation Refunding 2004 at 101 AAA Aaa
School Bonds, Series 1995B, 5.50% Due 8/1/20.
260,000 Cobb-Marietta Coliseum and Exhibit Hall Authority (Georgia), Revenue No Optional AAA Aaa
Refunding Bonds, Series 1993, 5.50% Due 10/1/18. Call
450,000 Development Authority of Fulton County (Georgia), Revenue Bonds (Clark 2006 at 102 AAA Aaa
Atlanta University Project), Series 1995, 5.25% Due 1/1/13.
450,000 Hospital Authority of Fulton County (Georgia), Refunding Revenue 2004 at 102 AAA Aaa
Anticipation Certificates (Northside Hospital Project), Series 1993A,
5.125% Due 10/1/16. (Original issue discount bonds delivered on or about
February 2, 1994 at a price of 94.795% of principal amount.)
40,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. (When issued.) 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,000,000 TOTAL 8 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 01/29/96.
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 $.03. 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 $ 99.89 4.90 % 4.73% 4.85% 4.76% 4.88% 4.78% 4.90 %
500 / $50,000 99.74 4.75 4.74 4.85 4.77 4.88 4.79 4.90
1,000 / $100,000 99.48 4.50 4.75 4.88 4.78 4.91 4.80 4.93
2,500 / $250,000 99.22 4.25 4.76 4.89 4.80 4.92 4.81 4.94
5,000 / $500,000 98.45 3.50 4.80 4.96 4.83 4.99 4.85 5.01
10,000 / $1,000,000 97.94 3.00 4.83 4.99 4.86 5.02 4.88 5.04
25,000 / $2,500,000 97.44 2.50 4.85 5.03 4.88 5.06 4.90 5.08
50,000 / $5,000,000 96.94 2.00 4.88 5.07 4.91 5.10 4.93 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% 43.0%
<C> <S> <C> <C> <C> <C>
4.73 % 7.01% 7.28% 7.88% 8.30%
4.74 7.02 7.29 7.90 8.32
4.75 7.04 7.31 7.92 8.33
4.76 7.05 7.32 7.93 8.35
4.80 7.11 7.38 8.00 8.42
4.83 7.16 7.43 8.05 8.47
4.85 7.19 7.46 8.08 8.51
4.88 7.23 7.51 8.13 8.56
</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
03/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/96 $ .4067
Monthly plan 4/15/96 .3936 $ 4.7264
Quarterly plan 5/15/96 .7926
8/15/96 1.1889 4.7584
Semi-annual plan 5/15/96 .7962
11/15/96 2.3886 4.7774
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 99.92 = 100.080
investment offering price # of units
(as of and accrued purchased
01/29/96) interest
100.080 X $4.7264 = $473.02
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
<PAGE>
NUVEEN
NUVEEN NEW JERSEY
INSURED UNIT TRUST 202 845
- --------------------------------------------------------------------------------
<TABLE>
<S> <C>
RATED: "AAA" NUVEEN TAX-FREE UNIT TRUSTS:
ESTIMATED CURRENT RETURN: For the tax-sensitive, conservative investor.
4.84 - 5.04% - Double Tax-Free
ESTIMATED LONG-TERM RETURN: - Dependable Income
4.86 - 5.12% - Diversified Portfolios
DATE OF DEPOSIT: January 30, 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 25.7 years
Call Protection Earliest ordinary optional call is 2005
Minimum $5,000 or 50 units, whichever is lower
Investment
Offering Price $100.89 to $97.91 depending on the purchase amount
Cusip 6706LA 316 monthly payment plan
Numbers 6706LA 324 quarterly payment plan
6706LA 332 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 New Jersey
</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)
2013-16 14.3%
2017-20 36.4%
2021-24 12.9%
2025-28 22.1%
2029+ 14.3%
The earliest ordinary optional call date is 2005
YIELD COMPARISON AS OF 01/29/96*
(Description of Yield Comparison Chart)
Nuveen UIT
Pre-Tax 8.07%
Tax Equivalent Yield 4.84%
Treasury Bonds
Pre-Tax 6.50%
Tax Equivalent Yield 6.09%
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 40% FEDERAL AND STATE INCOME TAX RATE
AND A 6.37% 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 New Jersey Educational Facilities Authority, Revenue Bonds, New Jersey 2005 at 101 AAA Aaa
Institute of Technology, Series 1995 E, 5.375% Due 7/1/25.
500,000 The Port Authority of New York and New Jersey, Consolidated Bonds, One 2005 at 101 AAA Aaa
Hundredth Series, 5.75% Due 6/15/30.
500,000 New Jersey Transportation Trust Fund Authority, Transportation System 2005 at 102 AAA Aaa
Bonds, 1995 Series A, 5.50% Due 6/15/13.
525,000 School Bonds of the Board of Education of the Township of Branchburg, In 2007 at 100 AAA Aaa
the County of Somerset, New Jersey, 5.625% Due 2/1/20. (General Obligation
Bonds.)
250,000 The Camden County Municipal Utilities Authority (New Jersey), County No Optional AAA Aaa
Agreement Sewer Revenue Capital Appreciation Bonds, 1990A Series, 0.00% Due Call
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 Township of Hillsborough Municipal Utilities Authority (Somerset 2005 at 101 AAA Aaa
County, New Jersey), Revenue Bonds (Series 1995), 5.375% Due 5/1/20. 1/2
(General Obligation Bonds.)
450,000 The Board of Education of the Township of Union, In the County of Union, 2006 at 102 AAA Aaa
New Jersey, School Bonds, 5.50% Due 1/1/21. (General Obligation Bonds.)
275,000 Commonwealth of Puerto Rico, Public Improvement Bonds of 1996 (General 2006 at 101 AAA Aaa
Obligation Bonds.), 5.40% Due 7/1/25. (When issued.) 1/2
----------------------------------------------------------------------------------------------------------------
$ 3,500,000 TOTAL 8 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 01/29/96.
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 $.03. 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 $ 100.89 4.90 % 4.84% 4.86% 4.87% 4.89% 4.89% 4.91 %
500 / $50,000 100.73 4.75 4.85 4.87 4.88 4.90 4.90 4.92
1,000 / $100,000 100.47 4.50 4.86 4.89 4.89 4.92 4.91 4.94
2,500 / $250,000 100.21 4.25 4.87 4.91 4.91 4.94 4.93 4.96
5,000 / $500,000 99.43 3.50 4.91 4.96 4.94 4.99 4.96 5.01
10,000 / $1,000,000 98.92 3.00 4.94 5.00 4.97 5.03 4.99 5.05
25,000 / $2,500,000 98.41 2.50 4.96 5.04 5.00 5.07 5.02 5.09
50,000 / $5,000,000 97.91 2.00 4.99 5.07 5.02 5.10 5.04 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 32.0% 35.0% 40.0% 43.5%
<C> <S> <C> <C> <C> <C>
4.84 % 7.12% 7.45% 8.07% 8.57%
4.85 7.13 7.46 8.08 8.58
4.86 7.15 7.48 8.10 8.60
4.87 7.16 7.49 8.12 8.62
4.91 7.22 7.55 8.18 8.69
4.94 7.26 7.60 8.23 8.74
4.96 7.29 7.63 8.27 8.78
4.99 7.34 7.68 8.32 8.83
</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
03/01/96.
<TABLE>
<CAPTION>
Annual
First Payment Payment Income
Payment Plan Date (per unit) (per unit)
<S> <C> <C> <C> <C>
Initial partial
payment (all
plans) 3/15/96 $ .4203
Monthly plan 4/15/96 .4068 $ 4.8847
Quarterly plan 5/15/96 .8190
8/15/96 1.2285 4.9167
Semi-annual plan 5/15/96 .8226
11/15/96 2.4678 4.9357
EXAMPLE OF HOW TO CALCULATE YOUR ESTIMATED INCOME:
$10,000 DIVIDED BY 100.92 = 99.088
investment offering price # of units
(as of and accrued purchased
01/29/96) interest
99.088 X $4.8847 = $484.02
# of units annual income annual income
purchased per unit
(monthly plan)
</TABLE>
