This Supplement is filed pursuant to Rule 497(d) with regard to
Equity Income Fund, Concept Series - Real Estate Income Fund, Defined Asset
Funds
The text of the supplement to the Prospectus dated August 16, 1996
is as follows:
Supplement dated January 9, 1997
to Prospectus dated August 16, 1996, of
Equity Income Fund
Concept Series - Real Estate Income Fund (RET001)
Defined Asset Funds
_______________________________________________
Effective immediately, the up-front sales charge for regular
purchases of this Series is reduced to 1.50% (1.523% of the net
amount invested), without any further reduction for quantity
purchases. In addition, deferred sales charges of $1.625 per
1,000 Units ($6.50 per year) will be deducted on the 10th day
of February, May, August and November. Therefore, based on the
net asset value on January 8, 1997, the maximum aggregate sales
charges for Units purchased at the new rate and held for the remaining
life of the Fund is approximately 2.35% of the public offering price
(2.407% of the net amount invested). The dealer concession is 0.975%
of the public offering price and all of the deferred sales charges.
Units purchased at this price will not be eligible for exchange at a
reduced sales charge under the Exchange Option.
14865 - 8/96
