FIRST TRUST COMBINED SERIES 237
497, 1994-12-30
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   THE FIRST TRUST (registered trademark) COMBINED SERIES 237
                                
      Supplement to the Prospectus dated December 15, 1994

     Nothwithstanding anything to the contrary in the Prospectus,
the  sales  charge for a purchase $1,000,000 or more of  the  The
First Trust of Insured Municipal Bonds, Discount Trust, Series 17
shall be reduced by .75% of the Public Offering Price.

December 30, 1994



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