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UNIT TRUSTS ISSUE $732.0 MILLION IN MAY

 WASHINGTON, June 28 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in May of $732.0 million for a total of $3.95 billion in 1993, compared with $3.57 billion for the first five months of 1992, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in May with deposits of $359.9 million, for a total of $2.15 billion in 1993, compared with $2.01 billion the first five months of 1992. Shares issued by taxable bond trusts reached $134.8 million in May for a total of $695.9 million in 1993, compared with $944.6 million for the same period in 1992. Deposits to equity trusts totaled $237.2 million in May, for a year-to-date total of $1.10 billion, compared with $615.4 million through May of 1992.
 There were 62 new tax-free bond trusts issuing shares in May, five new taxable bond trusts, and nine 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 May with $349.6 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- 6/28/93
 /CONTACT: Betty Hart, 202-955-3532, or John Collins, 202-955-3535, both of the Investment Company Institute/


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

TW -- DC008 -- 5489 06/28/93 09:58 EDT
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Date:Jun 28, 1993
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