FIRST TRUST SPECIAL SITUATIONS TRUST SERIES 127
497, 1995-12-19
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          THE FIRST TRUST SPECIAL SITUATIONS TRUST, SERIES 127

                AMERICAN RETAIL GROWTH TRUST, SERIES 1

      Supplement to the Prospectus dated November 13, 1995

   Notwithstanding anything to the contrary in the Prospectus, the 
minimum amount which an investor may purchase in either Trust
for an Individual Retirement Account or other retirement plans
is $250. 

December 18, 1995




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