FIRST TRUST OF INSURED MUNICIPAL BONDS SERIES 155
485BPOS, 1997-11-28
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                                                File No. 33-10463


               SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C. 20549-1004
                                
                         POST-EFFECTIVE
                        AMENDMENT NO. 11
                                
                               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 155
                      (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
of Insured Municipal Bonds, Series 155 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
155, 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, SERIES 155
                                              (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 Securities     )Robert M. Porcellino
                  Corporation, the General)Attorney-in-Fact**   
                      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
dated November 25, 1997.



                                    ERNST & YOUNG LLP




Chicago, Illinois
November 24, 1997




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