FIRST TRUST SPECIAL SITUATION TRUST SERIES 95
497, 1997-01-31
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      The First Trust Special Situations Trust, Series 95

       Financial Institutions Opportunity Trust, Series 1

        Supplement to the Prospectus dated May 25, 1994

Effective January 31, 1997, the portfolio of Financial Institutions
Opportunity Trust, Series 1 no longer includes shares of common stock of
Mercury Finance Co.

January 31, 1997 





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