CHAPMAN AND CUTLER LLP
                             111 WEST MONROE STREET
                               CHICAGO, IL 60603


                                January 30, 2013


Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C.  20549


                 Re: Guggenheim Defined Portfolios, Series 1016

Ladies and Gentlemen:

     Enclosed please find a copy of the Registration Statement on Form S-6 for
the registration under the Securities Act of 1933 of Units representing the
ownership of interests in the subject Fund. This Registration Statement is filed
on January 30, 2013, on behalf of Guggenheim Funds Distributors, LLC (the
"Sponsor").

     Inasmuch as the Fund is not yet operative, no filings have been required
under any of the acts administered by the Commission. Therefore, for purposes of
Securities Act Release No. 5196 there are no delinquencies to be reported or
other references to be made to filings under the 1934 Act.

     No notification of registration or Registration Statement under the
Investment Company Act of 1940 is currently being submitted to the Commission,
as the filings under the 1940 Act (File No. 811-03763) are intended to apply not
only to that series of the Fund, but to all "subsequent series" as well.

     The Fund is expected to be comprised of the following unit investment
trust: All Cap Growth Strategy Portfolio, Series 1 (the "Trust"). The Trust will
invest in the portfolio of common shares or depository receipts in accordance
with a quantitative, objective investment strategy. We have asked that the
Commission review the Trust due to the inclusion of hypothetical performance
information.

     We are advised that the Sponsor proposes to deposit securities and to
activate the subject Fund as soon as practicable after the effective date of the
Registration Statement.

     In the event that you may have any questions with regard hereto or if there
is any way which we can be of assistance, please do not hesitate to telephone
Eric F. Fess collect at (312) 845-3781 or Morrison C. Warren (312) 845-3484.

                                                               Very truly yours,


                                                      /s/ Chapman and Cutler LLP
                                                          CHAPMAN AND CUTLER LLP