The First Trust Special Situations Trust, Series 161
Baird Growth Opportunity Trust Telecommunications Series
Supplement to the Prospectus dated September 17, 1996
Notwithstanding anything to the contrary in the Prospectus,
employees, officers and directors (including, as defined in the
Prospectus, their immediate family members) of the companies represented
in the Trust's portfolio may purchase Units of the Trust at the Public
Offering Price set forth in the Prospectus less the concession the
Sponsor typically allows to dealers and other selling agents.
October 16, 1996
