File No. 33-41837
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
POST-EFFECTIVE
AMENDMENT NO. 4
TO
FORM S-6
For Registration Under the Securities Act of 1933 of
Securities of Unit Investment Trust Registered on Form N-8B-2
THE FIRST TRUST SPECIAL SITUATIONS TRUST, SERIES 15
THE FIRST TRUST CORPORATE INSURED SERIES 2
(Exact Name of Trust)
NIKE SECURITIES L.P.
(Exact Name of Deopositor)
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 29, 1996
: : 60 days after filing purusuant 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 indefininte amount of
securities. A 24 f-2 Notice for the offering was last filed
on September 13, 1996.
CONTENTS OF POST-EFFECTIVE AMENDMENT
OF REGISTRATION STATEMENT
This Post-Effective Amendment of Registration Statement
comprises the following papers and docuements:
The facing sheet
The prospectus
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 Special Situations Trust, Series 15
are no longer being offered for sale in the secondary
market. A final Rule 24f-2 Notice with respect to such
sereis has been filed concurrently with this filing.
S-1
SIGNATURES
Pursuant to the requriements of the Securities Act of
1933, the Registrant, The First Trust Special Situations
Trust, Series 15, certifies that it meets all of the
requriements 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 29, 1996.
THE FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 15,
THE FIRST TRUST CORPORATE INSURED SERIES 2
(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 ) November 29, 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 Special Situations Trust, Series 18 (File No. 33-
42683) and the same is hereby incorporated herein by this
reference.
S-2
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 31,
1996 in this Post-Effective Amendment to the Registration
Statement and related Prospectus of The First Trust Special
Situations Trust dated November 26, 1996.
ERNST & YOUNG LLP
Chicago, Illinois
November 25, 1996
