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INVESTMENT COMPANY INSTITUTE: UNIT TRUSTS ISSUE $662.9 MILLION IN NOVEMBER

 WASHINGTON, Jan. 4 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in November 1993 of $662.9 million for a total of $8.90 billion in 1993, compared with $8.17 billion for the first 11 months of 1992, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in November 1993, with deposits of $242.1 million, for a total of $4.29 billion in 1993, compared with $4.32 billion the first 11 months of 1992. Shares issued by taxable bond trusts reached $134.5 million in November 1993 for a total of $1.45 billion in 1993, compared with $2.21 billion for the same period in 1992. Deposits to equity trusts totaled $286.3 million in November, for a year-to-date total of $3.15 billion, compared with $1.64 billion through November of 1992.
 There were 48 new tax-free bond trusts issuing shares in November, six new taxable bond trusts and four new equity trusts.
 In terms of maturity, long-term bond trusts with an average weighted maturity of more than 15 years were the most commonly offered in November with $263.6 million in shareholder deposits.
 1992 YEAR-END TOTALS
 Data on the market value of unit trusts issued and outstanding at the end of 1992 indicates a total of 13,598 unit trusts with a market value of $97.9 billion. According to reports of 17 sponsors, there were a total of 12,623 tax-free bond trusts representing a year-end 1992 market value of $81.47 billion, 745 taxable bond trusts representing year-end 1992 market value of $9.98 billion, and 230 equity unit trusts reporting year-end 1992 market value of $6.48 billion.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 1/4/94
 /CONTACT: Betty Hart, 202-326-5862, or John Collins, 202-326-5864, of the Investment Company Institute/


CO: Investment Company Institute ST: District of Columbia IN: FIN SU:

DT-IH -- DC014 -- 8997 01/04/94 15:29 EST
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Date:Jan 4, 1994
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