PARSIPPANY, N.J. -- Hennion and Walsh is pleased to announce the introduction of its SmartTrust[TM] Diversified Dividend Trust (2007 Series A), a unit investment trust (UIT) whose objective is to provide investors with the potential for capital appreciation and current dividend income.

The portfolio of The SmartTrust Diversified Dividend Trust (2007 Series A), which came to market on May 10, 2007, invests in the common stock of a diversified group of 19 closed-end investment companies from among 13 investment managers each with its own disciplined investment strategy. These individual closed-end funds were carefully chosen by Hennion & Walsh for their quality management, high liquidity, current low levels of leverage, and distribution history, a large portion of which may qualify for a Federal Tax Rate of 15%. In addition, the closed-end funds in the portfolio overall have not been trading at a significant premium on a weighted basis.

"The SmartTrust Diversified Dividend Trust, like other UITs we have sponsored and that investors have wholeheartedly embraced, offers many of the features that demanding investors and their advisors want built in to investment products today," said Bill Walsh, President of Hennion & Walsh. "Specifically, they desire portfolio transparency, the option of reinvesting or receiving their dividends in cash, a predictable predetermined maturity date, and the potential opportunity to roll the assets at maturity into a succeeding investment trust, if one is offered, at a reduced sales charge," he added.

"In addition, The SmartTrust Diversified Dividend Trust allows investors to tap into the investment prowess of a variety of extremely talented and very successful investment firms and their managers, all in one, easy-to-access portfolio that we have assembled," added Rich Hennion, Executive Vice President of Hennion & Walsh. Included in this SmartTrust UIT are closed-end funds from Allianz Global Investors Fund Management, Alpine Woods Capital Investors, Alps Advisers, BlackRock Advisors, Calamos Advisors, Eaton Vance Management, Evergreen Investments, ING Investments, IQ Investment Advisors, Legg Mason, Morgan Keegan, Nuveen Asset Management, and Pioneer Investments.

Hennion and Walsh's newest SmartTrust Diversified Dividend Trust offers access to a diversified portfolio structured so that approximately 85% of assets are invested in closed-end funds that currently focus on different areas of the domestic equity and/or global equity and real estate markets, while approximately 15% of the remaining portfolio invests in those closed-end funds which currently employ fixed-income oriented strategies.

"The change in the taxation policy on dividends, coupled with investors' growing appetite for dividend-generating investments, has facilitated Hennion & Walsh's development of an appealing investment vehicle that can help to provide for an attractive total return," said Kevin D. Mahn, Chief Investment Officer at Hennion & Walsh Asset Management, the Portfolio Supervisor for the Trust. "By investing across a mix of diversified closed-end funds with an emphasis on generating dividends and the opportunity for capital appreciation, we hope to achieve returns for investors that have the potential to mimic pure-equity returns." Consequently, the SmartTrust Diversified Dividend Trust could be an appropriate investment vehicle for qualified retirement plans including IRAs.

The SmartTrust Diversified Dividend Trust is being offered now through August 10, 2007 and has a two-year term which will end on/about May 12, 2009. Dividends are expected to be paid monthly, with the first dividend payment due on June 29, 2007 to shareholders of record as of June 15, 2007.

Hennion and Walsh, Inc., a full-service broker/dealer, serves as the sponsor and underwriter of this UIT. Hennion & Walsh Asset Management, an affiliated company, serves as the portfolio supervisor.

About Hennion & Walsh

Hennion and Walsh, Inc., Member NASD, SIPC, was founded by Richard Hennion and William Walsh and has been serving clients as a full-service securities firm, specializing in municipal bonds since 1990. The firm has built its reputation on developing strong, mutually beneficial relationships designed to last a lifetime.

Hennion and Walsh offers 13 proprietary unit investment trusts under the SmartTrust[TM] brand, as well as managed money portfolios to both individuals and retirement plans. Hennion & Walsh Asset Management Company serves as the investment advisor to three mutual funds under the SmartGrowth Lipper Funds name. These funds track to Lipper's proprietarily-created optimal indices comprised of Exchange Traded Funds ("ETFs"). Additional information is available at: www.hennionandwalsh.com.

An investor can lose money by investing in this Trust. The Trust is not actively managed and will not sell securities in response to ordinary market fluctuations. There is no guarantee that the Trust will meet its investment objectives, that the stocks comprising the portfolio will pay dividends, or that the unit price will not decline. Past performance is not a guarantee of future results.