FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 79
497, 1994-04-22
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 The First Trust (registered trademark) Special Situations Trust, Series 79


                Telephone Growth Trust, Series 1
        Telephone Growth & Treasury Securities, Series 2

     Supplement to the Prospectus Dated September 29, 1993,
                 as amended on November 29, 1993

        Notwithstanding anything to the contrary in the Prospectus, 
the initial offering period for the Trusts will be the period 
of up to approximately 360 days after the Initial Date of Deposit 
(or such shorter time period as determined by the Sponsor), during 
which time the Sponsor may deposit additional Securities in the 
Trusts as specified in the Prospectus.

April 22, 1994






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