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THE FIRST TRUST (REGISTERED TRADEMARK) SPECIAL SITUATIONS TRUST, SERIES 165 OILFIELD SERVICES GROWTH TRUST, SERIES 1 Supplement to the Prospectus dated October 1, 1996 Notwithstanding anything to the contrary in the Prospectus, effective November 20, 1996, the Trust's Managing Underwriter, Rauscher Pierce Refsnes, Inc., will receive a gross sales commission of 3.4% of the Public Offering Price per Unit sold. November 20, 1996
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