FIRST TRUST OF INSURED MUNICIPAL BONDS SERIES 95
485BPOS, 1996-10-31
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                                                 File No. 2-80893


                   SECURITIES AND EXCHANGE COMMISSION
                       WASHINGTON, D.C. 20549-1004
                                    
                             POST-EFFECTIVE
                            AMENDMENT NO. 12
                                    
                                   TO
                                    
                                FORM S-6

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


          THE FIRST TRUST OF INSURED MUNICIPAL BONDS, SERIES 95
                          (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)

:____:    immediately upon filing pursuant to paragraph (b)
:__X_:    October 31, 1996
:____:    60 days after filing pursuant to paragraph (a)
:____:    on (date) pursuant to paragraph (a) of rule (485 or 486)
     
     Pursuant to Rule 24f-2 under the Investment Company Act of 1940, the
issuer has registered an indefinite amount of securities.  A 24f-2 Notice
for the offering was last filed on June 14, 1996.

                                    
                                    
                  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 purpose of the Amendment

                          The signatures

                          The Consent of Independent Auditors

                          Financial Data Schedule

                                    
                                    
                                    
                      THE PURPOSE OF THE AMENDMENT
     
     The  purpose of this amendment is to terminate the declaration  made
pursuant  to Rule 24f-2 promulgated under the Investment Company  Act  of
1940,  as  amended, because Units of The First Trust of Insured Municipal
Bonds,  Series  95 are no longer being offered for sale in the  secondary
market.   A final Rule 24f-2 Notice with respect to such series has  been
filed concurrently with this filing.
                                    
                               SIGNATURES
     
     Pursuant  to  the requirements of the Securities Act  of  1933,  the
Registrant,  The  First  Trust  of Insured Municipal  Bonds,  Series  95,
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 October 31, 1996.
                                    
                         THE FIRST TRUST OF INSURED MUNICIPAL BONDS,
                           SERIES 95
                                                             (Registrant)
                         By      NIKE SECURITIES L.P.
                                                              (Depositor)
                         
                         
                         By      Robert M. Porcellino
                                 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

Robert D. Van Kampen  Sole Director of    )
                      Nike Securities     )
                     Corporation, the     )
                      General Partner     ) October 31, 1996
                  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., the Depositor.

**An executed  copy of the related power of attorney was filed  with  the
     Securities and Exchange Commission in connection with 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.
                     CONSENT OF INDEPENDENT AUDITORS
                                    
We  consent to the reference to our firm under the caption "Experts"  and
to  the use of our report dated September 27, 1996 in this Post-Effective
Amendment  to  the Registration Statement and related Prospectus  of  the
First Trust of Insured Municipal Bonds dated October 25, 1996.


                                    ERNST & YOUNG LLP



Chicago, Illinois
October 24, 1996




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