FT 446
497, 2000-09-13
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                                                                     Rule 497(d)
                                     FT 446

                 Financial Services Select Portfolio, Series 8
                     Financial Services Portfolio, Series 8

                Supplement to the Prospectus dated July 20, 2000

Notwithstanding anything to the contrary in the Prospectus, during the initial
offering period, neither Financial Services Select Portfolio, Series 8 nor
Financial Services Portfolio, Series 8 will invest more than 5% of their
respective portfolios in shares of any one securities-related issuer.


September 13, 2000



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