FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 183
497, 1997-03-05
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       The First Trust Special Situations Trust, Series 183

         Supplement to the Prospectus dated March 3, 1997

Notwithstanding anything to the contrary in the Prospectus, the Net
Dealer Concession as a percentage of the Public Offering Price per Unit
payable to broker/dealers and other selling agents shall be 1.90% with
respect to individual sales of $50,000 but less than $100,000, 1.65%
with respect to individual sales of $100,000 but less than $150,000 and
1.30% with respect to individual sales of $150,000 but less than
$1,000,000.

March 5, 1997





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