Rule 497(d)
FT 417
e-Business Select Portfolio, Series 3
Internet Select Portfolio, Series 3
New e-conomy Select Portfolio, Series 2
e-Business Portfolio, Series 3
Internet Portfolio, Series 10
New e-conomy Portfolio, Series 2
Supplement to the Prospectus dated March 14, 2000
Notwithstanding anything to the contrary in the Prospectus, Unit holders who
acquire Units of e-Business Select Portfolio, Series 3, Internet Select
Portfolio, Series 3, New e-conomy Select Portfolio, Series 2, e-Business
Portfolio, Series 3, Internet Portfolio, Series 10 or New e-conomy
Portfolio, Series 2 which, as a result of a reduction in the aggregate
underlying value of the Securities, are not subject to an initial sales
charge will be subject to the maximum remaining deferred sales charge
(initially $.225 per Unit for e-Business
Select Portfolio, Series 3, Internet Select Portfolio, Series 3 or New
e-conomy Select Portfolio, Series 2, or $.35 per Unit for e-Business Portfolio,
Series 3, Internet Portfolio, Series 10 or New e-conomy Portfolio, Series 2).
In such case the maximum sales charge may exceed 3.25% of the Public Offering
Price for e-Business Select Portfolio, Series 3, Internet Select Portfolio,
Series 3 or New e-conomy Select Portfolio, Series 2 or 4.5% of the Public
Offering Price per Unit for e-Business Portfolio, Series 3, Internet Portfolio,
Series 10 and New e-conomy Portfolio, Series 2, but in no event will the
maximum sales charge exceed 3.75% of the Public Offering Price per Unit for
e-Business Select Portfolio, Series 3, Internet Select Portfolio, Series 3
or New e-conomy Select Portfolio, Series 2 or 5.5% of the Public Offering
Price per Unit for e-Business Portfolio, Series 3, Internet Portfolio,
Series 10 or New e-conomy Portfolio, Series 2.
April 14, 2000
