FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 177
497, 1997-02-24
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      The First Trust Special Situations Trust, Series 177
                                
         Diversified Income & Growth Trust, Series 1997
                                
                                
      Supplement to the Prospectus dated February 20, 1997

     
     Notwithstanding anything to the contrary in the  Prospectus,
     employees, officers and directors (including their immediate
     family  members,  as  defined  in  the  Prospectus)  of  the
     Sponsor, broker/dealers, banks and other selling agents  and
     their affiliates can purchase Units of the Trust during  the
     primary  and  secondary  offering  periods  at  the   Public
     Offering  Price  less the concession the  Sponsor  typically
     allows broker/dealers.

February 24, 1997



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