497(d)
FT 233
America's Leading Brands Growth Trust, Series 3
Business Services 2000 Growth Trust Series
Financial Services Growth Trust, Series 4
Investment Services Growth Trust, Series 3
Pharmaceutical Growth Trust, Series 4
Technology Growth Trust, Series 7
Supplement to the Prospectus dated January 15, 1998
Notwithstanding anything to the contrary in the Prospectus, an investor
may aggregate same day purchases of primary Units of the Trusts
contained in the Prospectus and units of other unit investment trusts
containing equity securities of which the Sponsor acts as Principal
Underwriter and which are currently in the initial offering period for
purposes of qualifying for the volume purchase discounts listed in the
Prospectus. In addition, investors may utilize their redemption or
termination proceeds received from trusts sponsored by the Sponsor to
purchase Units of the Trusts subject only to any remaining deferred
sales charge payments on such Units, deferred as described in the
Prospectus. Unit holders who redeem units of trusts sponsored by the
Sponsor should note that they will be assessed the amount of any
remaining deferred sales charge on such units at the time of redemption.
Dealers and other selling agents will be allowed a concession or agency
commission on the sale of Units sold subject only to any remaining
deferred sales charge payments on such Units equal to (i) $.22 per Unit
on Units sold subject to a deferred sales charge of $.35 per Unit or
(ii) 63% of the then current maximum remaining deferred sales charge on
Units sold subject to a deferred sales charge of less than $.35 per Unit.
January 11, 1999
