CORPORATE INCOME FUND MON PYMT SER 317 DEFINED ASSET FDS, 497, 1994-12-27

CORPORATE INCOME FUND MON PYMT SER 317 DEFINED ASSET FDS
497, 1994-12-27

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                      SUPPLEMENT DATED DECEMBER 20, 1994
                     TO PROSPECTUS DATED DECEMBER 6, 1994
                             DEFINED ASSET FUNDS
                            CORPORATE INCOME FUND,
                         MONTHLY PAYMENT SERIES--317
 
   A corrected description of the Security in Portfolio Number 14 is as follows:
 
             Southern Bell Telephone & Telegraph, Debentures
 
   All other information concerning that security remains the same.
 
                                                                  15027--12/94