Date of Deposit:      September 19, 2006
Termination Date:  November 29, 2007
CUSIP:                       29475P117
Ticker:                       PFDOWX
Status:                       Closed

Additional information about this series:
Distribution frequency and tax reporting
Performance, holdings and fees

Objectives

• The Equity Opportunity Trust, Value Select Ten Series (‘‘Trust’’) seeks total return through a combination of current dividend income and capital appreciation by investing for approximately one year in a fixed portfolio of 10 stocks (‘‘Portfolio’’) chosen by the Sponsor, UBS Financial Services Inc., from the 30 stocks in the Dow Jones Industrial Average (referred to herein either as ‘‘DJIA’’ or the ‘‘Index’’).*
• The 10 stocks included in the Portfolio were chosen by the Sponsor two business days before the date of the prospectus, because at that time they had the highest dividend yield of all the stocks in the DJIA and the Sponsor believes have capital appreciation potential.
• You can invest in the Portfolio by purchasing units of the Trust (‘‘Units’’). Each Unit represents an equal share of the Portfolio stocks and is entitled to an equal share of dividend income generated by such stocks after deducting Trust expenses.

The Value Select Ten Series Investment Strategy
The strategy of the Trust is ‘‘Value’’ oriented, meaning that it emphasizes the earning power or value of a company’s equity securities, and focuses on stocks that are undervalued (priced low) in relation to a company’s underlying projected earnings stream with the hope that the stock will rebound over time. One indication that a stock is undervalued is a high dividend yield. The Value-oriented strategy consists of the Trust holding a fixed portfolio of approximately equal amounts of the 10 highest dividend yielding stocks in the DJIA, selected on the second business day prior to the date of the Prospectus. The Sponsor believes these stocks may be well priced relative to their ability to recover and their total return potential.

After approximately one year, investors wishing to continue with this strategy may elect to liquidate their investment in the Trust and invest the proceeds in a new Value Select Ten Trust, if one is then available. Investors not wishing to continue with this strategy will receive their share of the liquidation proceeds of the Portfolio stocks (‘‘Liquidation Proceeds’’) upon termination of the Trust, approximately two weeks later. The stocks in the portfolio of the new Value Select Ten Trust will be the 10 highest dividend-yielding stocks of the Index on the date they are chosen for the new Value Select Ten Trust, which generally will be one to two business days prior to the date of the prospectus offering units of such new trust.

The Investment Strategy is based upon three investment principles: (i) time in the market is more important than timing of investment, (ii) the stocks to buy are the ones that are out of favor and (iii) dividends can be an important element of total return.

Following the Value Select Ten Series Strategy Over a Period of Time.

• Investors can sell their Trust Units at any time, or receive their share of the Liquidation Proceeds once this Value Select Ten Trust is terminated. The Sponsor believes, however, that to obtain the benefits of the Investment Strategy investors should reinvest or ‘‘rollover’’ into the next available series of the Value Select Ten Trust for a period of at least 3 to 5 years.
• While there is no guarantee that future trusts will be available for purchase, UBS Financial Services Inc. anticipates several Value Select Ten offerings next year. Unitholders of this Trust may elect the Rollover Option and roll into the subsequent Value Select Ten Series, if available, at a reduced sales charge (see ‘‘Public Offering of Units - Rollover Option’’ in Part B of the Prospectus).
• The Trust is a unit investment trust which means that, unlike a mutual fund, the Trust’s Portfolio is not managed and Portfolio stocks are not sold because of market changes.

Tax Law Applicable to Dividends and Long-Term Capital Gain
Dividends received by noncorporate Unitholders, and long-term capital gain realized by noncorporate Unitholders, generally are subject to a reduced maximum tax rate of 15 percent through December 31, 2010. The rate reduction does not apply to dividends received in respect of certain short-term or hedged positions or in certain other situations.  U.S. Holders should consult their own tax advisors regarding the implications of these rules in light of their particular circumstances. Please be advised that neither UBS Financial Services Inc. nor its employees offer tax and/or legal advice.

*‘‘DJIA ®’’, ‘‘Dow Jones ®’’, ‘‘The Dow ®’’ and ‘‘Dow Jones Industrial Average (SM) ’’ are the property of Dow Jones & Company, Inc., which is not affiliated with the Sponsor, has not participated in the creation of the Trust or the Investment Strategy, and has not reviewed or approved any information in the Prospectus. The index is unmanaged and is not available for direct investment. 

Distributions & Taxes

Distribution Frequency
Dividends, if any, payable monthly commencing 10/25/06 for holders of record on the 10th of the month.

Tax Reporting
This information should not be used for tax purposes. Trust distributions are categorized when paid by the trustee and may be reclassified for tax purposes at year end. Please refer to the prospectus or consult your tax advisor regarding the tax implications of these distributions.

Reinvestment Option
Investors may elect to reinvest dividend and capital distributions, if any, into the Trust at the then-current net asset value with no initial sales charge. Such units will be subject to the deferred sales charges remaining on units received.

UITs are sold by prospectus only.

Investors should consider the investment objectives, risks, charges and expenses associated with this investment and should carefully review the prospectus containing this and other information, before investing.

Please contact your Financial Advisor for a prospectus. Please read it carefully before you invest or send money.