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UNIT TRUSTS ISSUE $811.5 MILLION IN MARCH

 WASHINGTON, May 4 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in March of $811.5 million for a total of $2.46 billion in 1993, compared with $2.24 billion for the first three months of 1992, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in March with deposits of $444.4 million, for a total of $1.38 billion in 1993, compared with $1.27 billion the first three months of 1992. Shares issued by taxable bond trusts reached $112.9 million in March for a total of $395.5 million in 1993, compared with $563.6 million for the same period in 1992. Deposits to equity trusts totaled $254.2 million in March, for a year-to-date total of $681.1 million, compared with $401.8 million through March of 1992.
 There were 75 new tax-free bond trusts issuing shares in March, two new taxable bond trusts, and ten 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 March with $466.7 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- 5/4/93
 /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:

MH-TW -- DC022 -- 4424 05/04/93 14:58 EDT
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Date:May 4, 1993
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