Rule 497(d)

                  The First Trust Combined Series
                 The First Trust Advantage Series
              The First Trust Tax-Exempt Trust Series

                  Supplement to the Prospectus

Commencing June 24, 2004, The Bank of New York will replace JPMorgan
Chase Bank as Trustee of the Trusts. The Bank of New York has acted as
trustee of unit investment trusts for more than 30 years and currently
acts as trustee for over 3,200 unit investment trusts holding
approximately $20 billion in assets. The Bank of New York, a trust
company organized under the laws of New York, has its unit investment
trust division offices at 101 Barclay Street, New York, New York 10286,
telephone (800) 813-3074. The Bank of New York is subject to supervision
and examination by the Superintendent of Banks of the State of New York
and the Board of Governors of the Federal Reserve System, and its
deposits, but not Trust Units, are insured by the Federal Deposit
Insurance Corporation to the extent permitted by law. No increase in the
Trustee's compensation will result from this change.

In order to assure a smooth transition, JPMorgan Chase Bank will
continue to provide trust services while The Bank of New York integrates
the various trust records into its computer systems. The Bank of New
York will notify you of your new customer service number and addresses
shortly before it begins providing trust services. Until then, please
continue to contact JPMorgan Chase Bank as set forth in the Prospectus.

June 24, 2004