Rule 497(d)
FT 416
Supplement to the Prospectus dated March 1, 2000
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 416 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
