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UNIT TRUSTS ISSUE $734.3 MILLION IN DECEMBER

 WASHINGTON, Feb. 3 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in December of $734.3 million for a 1992 12-month total of $8.91 billion in 1992, compared with $8.20 billion for calendar 1991, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in December, with deposits of $427.7 million for a total of $4.75 billion in all of 1992, compared with $5.61 billion for the total 12-month period in 1991. Shares issued by taxable bond trusts reached $173.6 million in December for a yearly total of $2.38 billion in 1992, compared to $1.69 billion through December in 1991. Deposits to equity trusts totaled $132.9 million in December, for a 12-month total of $1.77 billion, compared with $899.7 million in 1991.
 There were 62 new tax-free bond trusts issuing shares in December, five new taxable bond trusts, and 15 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 December with $367.2 million in shareholder deposits.
 1991 Year-End Totals
 Data on the market value of unit trusts issued and outstanding at the end of 1991 indicates a total of 12,388 unit trusts with a market value of $102.83 billion. According to reports of 16 sponsors, there were a total of 11,542 tax-free bond trusts representing a year-end 1991 market value of $88.17 billion, 678 taxable bond trusts representing year-end 1991 market value of $9.72 billion, and 168 equity unit trusts reporting year-end 1991 market value of $4.94 billion.
 Year-end totals for the prior year are usually reported in April.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 2/3/93
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/


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

MH -- DC015 -- 2355 02/03/93 11:39 EST
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Date:Feb 3, 1993
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