SUPPLEMENT TO THE PROSPECTUS
VOYAGEUR TAX-EXEMPT TRUST, SERIES 5
NATIONAL INSURED SERIES 1
COLORADO INSURED SERIES 5
TERRITORIAL INSURED SERIES 2
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SUPPLEMENT DATED MARCH 12, 1996 TO PROSPECTUS DATED OCTOBER 19, 1995
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The second sentence of the second paragraph under the heading "Public
Offering -- Unit Distribution" on page 41 of the prospectus is amended to read:
"Broker-dealers or others will be allowed a concession or agency commission
in connection with the distribution of Units during the initial offering
period equal to $.33 per Unit ($.34 per Unit for the portion of aggregate
sales of each Series which exceed $250,000 by broker-dealers or others in
the primary offering who did not act as Underwriters) and in the secondary
market equal to 4.0% of the Public Offering Price per Unit. In addition,
broker-dealers or others will be allowed a concession or agency commission
in connection with the distribution of Units of National Insured Trust,
Series 1 during the initial offering period equal to $.45 per Unit."
The purpose of this supplement is to add the parenthetical language in the
amended sentence to clarify certain available sales compensation.
