FT 332
497, 2000-05-02
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Rule 497(d)
FT 332


Supplement to the Prospectus dated May 19, 1999

Sales Charge Discount for Eligible Purchasers

Notwithstanding anything to the contrary in the Prospectus, you can use your
redemption or termination proceeds from any Nike Securities L.P. sponsored unit
investment trust to purchase Units of the Trust in FT 332 during the initial
offering period at the Public Offering Price less 1%.  Dealers and other
selling agents will receive a concession or agency commission of 2.2% (2.5% for
volume purchasers) of the sales price of Units sold pursuant to this provision.

May 3, 2000




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