FT 416
485BPOS, 2000-03-08
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                                               File No. 333-30750

               SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549-1004

                         POST-EFFECTIVE
                         AMENDMENT NO. 1

                               TO
                            FORM S-6

For Registration Under the Securities Act of 1933 of Securities
of Unit Investment Trusts Registered on Form N-8B-2

                             FT 416
              Utilities Income Portfolio, Series 2
                      (Exact Name of Trust)

                      NIKE SECURITIES L.P.
                    (Exact Name of Depositor)

                      1001 Warrenville Road
                     Lisle, Illinois  60532

  (Complete address of Depositor's principal executive offices)


          NIKE SECURITIES L.P.      CHAPMAN AND CUTLER
          Attn:  James A. Bowen     Attn:  Eric F. Fess
          1001 Warrenville Road     111 West Monroe Street
          Lisle, Illinois  60532    Chicago, Illinois  60603

        (Name and complete address of agents for service)

It is proposed that this filing will become effective (check
appropriate box)

:  x :  immediately upon filing pursuant to paragraph (b)
:    :  60 days after filing pursuant to paragraph (a)
:    :  on (date) pursuant to paragraph (a) of rule (485 or 486)


                            Exhibits

2.2     Copy  of  Code  of Ethics (incorporated by  reference  to
        Amendment  No.  1 to form S-6 [File No. 333-31176]  filed
        on behalf of FT 415).


              CONTENTS OF POST-EFFECTIVE AMENDMENT
                    OF REGISTRATION STATEMENT


     This  Post-Effective  Amendment  of  Registration  Statement
comprises the following papers and documents:

                          The facing sheet

                          The exhibit

                          The signatures


                               S-1
                           SIGNATURES

     Pursuant to the requirements of the Securities Act of  1933,
the  Registrant,  FT 416, Utilities Income Portfolio,  Series  2,
certifies that it meets all of the requirements for effectiveness
of  this Registration Statement pursuant to Rule 485(b) under the
Securities  Act  of 1933 and has duly caused this  Post-Effective
Amendment  of  its  Registration Statement to be  signed  on  its
behalf  by  the  undersigned thereunto  duly  authorized  in  the
Village of Lisle and State of Illinois on March 8, 2000.

                     FT 416
                     Utilities Income Portfolio, Series 2
                                    (Registrant)
                     By NIKE SECURITIES L.P.
                                    (Depositor)


                     By Robert M. Porcellino
                      Senior Vice President

     Pursuant to the requirements of the Securities Act of  1933,
this  Post-Effective Amendment of Registration Statement has been
signed  below by the following person in the capacity and on  the
date indicated:

Signature                  Title                      Date

David J. Allen        Sole Director of    )
                      Nike Securities     )
                        Corporation,      )    March 8, 2000
                    the General Partner   )
                  of Nike Securities L.P. )
                                          )
                                          )  Robert M. Porcellino
                                          )    Attorney-in-Fact**


*  The  title of the person named herein represents his  capacity
   in and relationship to Nike Securities L.P., Depositor.

** An  executed copy of the related power of attorney  was  filed
   with  the  Securities  and Exchange Commission  in  connection
   with  the  Amendment  No. 1 to Form S-6  of  The  First  Trust
   Combined  Series  258  (File No. 33-63483)  and  the  same  is
   hereby incorporated herein by this reference.


                               S-2




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