THE FIRST TRUST (registered trademark) SPECIAL SITUATIONS TRUST,
SERIES 107
STRATEGIC RECOVERY TRUST, SERIES 1
Supplement to the Prospectus dated October 20, 1994
Notwithstanding anything to the contrary in the Prospectus, the
sales charge for the Strategic Recovery Trust, Series 1 is 2.75%
of the Public Offering Price per Unit (2.828% of the net amount
invested) for all sales from March 2, 1995 to March 31, 1995.
The 2.75% sales charge is not subject to any further reductions.
References to the previous sales charge of 5.5% of the Public
Offering Price per Unit (5.820% of the net amount invested) for
the primary offering period should be disregarded during the period
in which the sales charge is reduced. Subsequent to the reduced
sales charge period, the sales charge for all sales shall remain
as stated in the Prospectus.
February 6, 1995