FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 183
497, 1997-03-14
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      The First Trust Special Situations Trust, Series 183

Supplement to page 23 of Part II of the Prospectus dated March 3, 1997

Notwithstanding anything to the contrary in the Prospectus,
an  investor  may also aggregate purchases of Units of  Target  5
Trust, March B 1997 Series, Target 10 Trust, March B 1997 Series,
Global Target 15 Trust, March B 1997 Series and Global Target  30
Trust,  March B 1997 Series with purchases of Units of the Trusts
contained in The First Trust Special Situations Trust, Series 183
for  purposes of qualifying for volume purchase discounts  listed
on page 23 of Part II of the Prospectus.


March 14, 1997



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