The First Trust Special Situations Trust, Series 79
Telephone Growth Trust, Series 1
Telephone Growth & Treasury Securities Trust, Series 2
Supplement to pages 32 and 34 of the Prospectus
Dated September 29, 1993
as amended on November 29, 1993
In addition to those Underwriters set forth in the Prospectus
on page 32 as having committed to purchase Units of Telephone
Growth Trust, Series 1 subsequent to the Initial Date of Deposit,
the Underwriters named below have severally purchased Units subsequent
to the Initial Date of Deposit in the following respective amounts:
<TABLE>
<CAPTION>
Number of
Name Address Units
____ _______ ________
<S> <C> <C>
Underwriters
Stern (M.L.) & Co., Inc. 8350 Wilshire Blvd., Beverly Hills, CA 90211 100
</TABLE>
In addition to those Underwriters set forth in the Prospectus
on page 34 as having committed to purchase Units of Telephone
Growth & Treasury Securities Trust, Series 2 subsequent to the
Initial Date of Deposit, the Underwriters named below have severally
purchased Units subsequent to the Initial Date of Deposit in the
following respective amounts:
<TABLE>
<CAPTION>
Number of
Name Address Units
____ _______ ________
<S> <C> <C>
Underwriters
Stern (M.L.) & Co., Inc. 8350 Wilshire Blvd., Beverly Hills, CA 90211 100
</TABLE>
February 24, 1994
