FT 271
497, 1998-08-28
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                                                  497(d)


                                    FT 271
              Class II, Energy Growth Trust, 1998 Series
          Class II, Financial Services Growth Trust, 1998 Series

           Supplement to the Prospectus dated July 22, 1998

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 maximum remaining deferred sales
charge (initially $.45 per Unit).  In such case the maximum sales charge
may exceed 5.5% of the Public Offering Price per Unit but in no event
will the maximum sales charge exceed 7.5% of the Public Offering Price
per Unit for Class II, Energy Growth Trust, 1998 Series or 6.5% of the
Public Offering Price per Unit for Class II, Financial Services Growth
Trust, 1998 Series.

August 27, 1998
                                                                   



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