Rule 497(d) FT 408
Supplement to the Prospectus dated April 19, 2000
Sales Charge Discount for Eligible Purchasers
Notwithstanding anything to the contrary in the
Prospectus, investors purchasing Units through registered
broker/dealers who charge periodic fees in lieu of
commissions or who charge for financial planning,
investment advisory or asset management services or
provide these or comparable services as part of an
investment account where a comprehensive "wrap fee"
or similar charge is imposed will not be assessed the
initial or deferred sales charge as described in the
section entitled "Public Offering" in the Prospectus
on the purchase of Trust Units.
At the time of purchase of Units pursuant to
this provision you may elect to have distributions on
your Units reinvested into additional Units of the
Trust or distributed to you in cash. We reserve the
right to limit or deny purchases of Units pursuant to
this provision by investors whose frequent trading
activity we determine to be detrimental to the Trust.
Dealers and other selling agents will not receive a
concession on sales described above, but such sales
will be included in determining whether dealers are
eligible to receive additional volume concessions.
July 5, 2000
