Rule 497(d)
FT 221
Energy Exploration & Production Trust
Supplement to the Prospectus dated October 27, 1997
Notwithstanding anything to the contrary in the Prospectus,
Unit holders who acquire Units which, as a result of a
reduction in the aggregate underlying value of the Equity
Securities, are not subject to an initial sales charge will
be subject to the deferred sales charge of $.35 per Unit.
In such case the maximum sales charge may exceed 4.5% of the
Public Offering Price per Unit but in no event will the
maximum sales charge exceed 4.9% of the Public Offering
Price per Unit.
January 9, 1998
