Unit Investment Trust Data
January 2004

Washington, DC, February 20, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.91 billion in January, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.36 billion in December 2003 and $1.15 billion in January 2003.

Total Deposits by Trust Type
(thousands of dollars)

		January 2004	December 2003	January 2003
Equity		1,680,970	1,122,938	906,295
Taxable Debt		82,934	73,063	60,613
Tax-Free Debt		142,321	160,587	184,801
Total		1,906,225	1,356,588	1,151,709

There were 64 new trusts issuing shares in January. Of that total, 38 were equity trusts and 18 tax-free bond trusts, and 8 taxable bond trusts.

In terms of maturity, intermediate bond trusts having an average weighted maturity between 5 and 15 years were the most commonly offered in January, with $116.9 million in shareholder deposits.

Data on the market value of unit investment trusts issued and outstanding as of year-end 2003 are not yet available. Year-end 2002 data indicates a total of 8,303 trusts with a value of $36.02 billion. According to reports of sponsors, at year-end 2002 there were 6,690 tax-free bond trusts, with a market value of $17.35 billion; 366 taxable bond trusts, with a market value of $4.02 billion; and 1,247 equity trusts, with a market value of $14.65 billion.