THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST, SERIES 71
Supplement to the Prospectus dated April 30, 1997
Notwithstanding anything to the contrary in the Prospectus, the Public
Offering Price during the initial offering period is based on the
Evaluator's determination of the aggregate offering price of the
Securities in a Trust, including any money in the Principal Account
other than money required to redeem tendered Units, and includes a sales
charge of 4.25% of the Public Offering Price (equivalent to 4.439% of
the net amount invested). For secondary market sales after the
completion of the initial offering period, the Public Offering Price is
based on the Evaluator's determination of the aggregate bid price of the
Securities in the Trust, including any money in the Principal Account
other than money required to redeem tendered Units, and includes a sales
charge of 4.50% of the Public Offering Price (equivalent to 4.712% of
the net amount invested). In addition, broker/dealers, banks and other
selling agents will receive a concession of 3.00% of the Public Offering
Price for primary and secondary market sales of Units.
The sales charge during the initial offering period is reduced by a
discount as indicated below for volume purchases (except for sales made
pursuant to a "wrap fee account" or similar arrangements as set forth
below):
Discount Expressed as a
Dollar Amount of Transaction at Percentage of Public
Public Offering Price Offering Price
_______________________________ _______________________
$ 100,000-$249,999 0.25%
$ 250,000-$499,999 0.50%
$ 500,000-$999,999 0.75%
$1,000,000 or more 1.50%
November 21, 1997
