FT 253
GREAT PLAINS EQUITY GROWTH TRUST, SERIES 3
Supplement to the Prospectus dated May 27, 1998
Notwithstanding anything to the contrary in the Prospectus, an investor may
aggregate same day purchases of primary Units of the Trust 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. Investors
who have executed a letter of intent indicating their intention to
purchase a specified dollar amount of Units of any unit investment trust
containing equity securities of which the Sponsor acts as Principal
Underwriter from any broker/dealer during the initial offering period
are eligible to receive a volume discount as set forth in the Prospectus
based on the amount of intended aggregate purchases. The letter of
intent will specify the amount of intended aggregate purchases which
must be purchased over a 13-month period. The initial purchase made
pursuant to a letter of intent must equal at least 5% of the amount of
intended aggregate purchases. Units purchased with rollover proceeds,
reinvested dividends, redemption or termination proceeds from other unit
investment trusts or other similar transactions will not be counted to
reach the amount of intended aggregate purchases. In the event that
total purchases by an investor pursuant to a letter of intent over the
13-month period are less than the amount specified in the letter of
intent, the selling broker/dealer shall take such action as is necessary
to receive from the investor the difference between the amount the
investor paid for units pursuant to the letter of intent and the amount
which the investor would have paid if the higher sales charge had been
applied. It is the responsibility of the selling broker/dealer to notify
the Sponsor of each sale made pursuant to a letter of intent. In
addition, investors may utilize their redemption or termination proceeds
received from trusts sponsored by the Sponsor to purchase Units of the
Trust 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.
December 4, 1998
