Rule 497(d)
FT 492
Supplement to the Prospectus dated December 29, 2000
as amended January 2, 2001
Notwithstanding anything to the contrary in the Prospectus, companies which,
based on publicly available information as of two business days prior to Initial
Date of Deposit set forth in the Prospectus, are the subject of an announced
business combination which we expect will happen within six months of the
Initial Date of Deposit have been excluded from the universe of securities from
which each Trust's securities are selected.
January 5, 2001
