This Supplement is filed pursuant to Rule 497(d) with regard to
Equity Investor Fund, Concept Series - Blue Chip Stock Series 3 (BCS003)
Premier American Portfolio, Defined Asset Funds
The text of the supplement to the Prospectus dated May 15, 1997
is as follows:
Supplement dated May 15, 1997
to Prospectus dated October 25, 1996, of
Equity Income Fund
Concept Series - Blue Chip Stock Series 3 (BCS003)
Premier American Portfolio
Defined Asset Funds
_______________________________________________
Effective immediately, the initial sales charge for regular
purchases of this Series is reduced to 2.00% (2.041% 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 May 14, 1997, the maximum
aggregate sales charge for Units purchased hereafter and held for
the remaining life of the Fund is approximately 2.95% of the public
offering price (3.040% of the net amount invested). The dealer concession
will be a total of 1.30% of the public offering price plus all deferred
sales charges. Units purchased at this price will not be eligible for
exchange at a reduced sales charge under the Exchange Option.
The Fund name is now Equity Investor Fund.
15140 - 10/96
