File No. 2-83731
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
POST-EFFECTIVE
AMENDMENT NO. 14
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 - PENNSYLVANIA SERIES
1
(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_: November 28, 1997
:____: 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
September 15, 1997.
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 Combined Series 1 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 -
Pennsylvania Series 1, 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
November 28, 1997.
THE FIRST TRUST OF INSURED MUNICIPAL
BONDS - PENNSYLVANIA SERIES 1
(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 Director of )
Nike Securities )
Corporation, the )
General Partner ) November 28, 1997
of Nike Securities L.P. )
)
)
David J. Allen Director of Nike )Robert M. Porcellino
Securities Corporation, )Attorney-in-Fact**
the General Partner of
Nike Securities L.P.
*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 wi
th 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 October 24, 1997 in
this Post-Effective Amendment to the Registration Statement and
related Prospectus of The First Trust of Insured Municipal Bonds
- - Pennsylvania Series dated November 25, 1997.
ERNST & YOUNG LLP
Chicago, Illinois
November 24, 1997
