FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 182
497, 1997-07-23
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          THE FIRST TRUST SPECIAL SITUATIONS TRUST, SERIES 182
                                    


Supplement to the Prospectus dated January 16, 1997

Notwithstanding anything to the contrary in the Prospectus, investors
may aggregate primary offering period purchases of Units of the Trusts
contained in The First Trust Special Situations Trust Series 182, 193,
205 and 206 for purposes of qualifying for the volume concession as set
forth in "Public Offering Price."

July 23, 1997





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