SUPPLEMENT
(To Prospectus dated August 21, 1998)
Receipts on Corporate Securities Trust, Series FDX 1997-1
Offer to Exchange Receipts of Corporate Securities, Series FDX
1997-1, Amortizing Class, which have been registered under the
Securities Act of 1933, as amended, for any and all outstanding
Receipts of Corporate Securities, Series FDX 1997-1, Amortizing
Class
This Supplement amends and should be attached to the cover
page of the Prospectus dated August 21, 1998 relating to the
above referenced exchange offer.
The third and fourth sentences of the fourth full paragraph
on page 28 should be replaced in their entirety with the
following: "Under recently enacted legislation, long-term capital
gain recognized by an individual holder generally will be subject
to a maximum tax rate of 20 percent in respect of Trust
Certificates held for more than one year, effective for amounts
properly taken into account on or after January 1, 1998."
The date of this Supplement is August 27, 1998
