Rule 497(d)
FT 220
CORPORATE HIGH YIELD TRUST, SERIES 1
Supplement to the Prospectus dated October 27, 1997
APS, Inc., an issuer of securities included in the Trust, failed to make an
interest payment due January 15, 1998 to the Trust. Under the terms of the
Indenture governing these APS, Inc. Bonds, the failure to make this payment
will not constitute an event of default until February 14, 1998. It is
anticipated that APS, Inc. will default on these Bonds. The Sponsor, in
consultation with the Portfolio Supervisor, is considering what actions,
if any, it should take, which may include the sale of the APS, Inc. Bonds
from the Trust.
February 9, 1998
