-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JQAupKctxcf7XlIVr19rLmWchX5wB/7w+RbtgShSu5bqzGDONErIFdTbTW0nXTD6
 CVBTyNknhlnLY2IOnLKiUg==

<SEC-DOCUMENT>0000950130-96-000247.txt : 19960126
<SEC-HEADER>0000950130-96-000247.hdr.sgml : 19960126
ACCESSION NUMBER:		0000950130-96-000247
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960125
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR TRUST SERIES 1
		CENTRAL INDEX KEY:			0000884394
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-46080
		FILM NUMBER:		96506920

	BUSINESS ADDRESS:	
		STREET 1:		86 TRINITY PLACE
		STREET 2:		C/O PDR SERVICES CORP/ AMEX INC
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
		BUSINESS PHONE:		2123061490

	MAIL ADDRESS:	
		STREET 1:		86 TRINITY PL
		STREET 2:		PDR SERVICES CORP C/O AMEX INC
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10006
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>FORM 497 SPDR TRUST SERIES 1
<TEXT>

<PAGE>
 
                          PROSPECTUS SUPPLEMENT DATED
 
                                JANUARY 22, 1996
 
                               ----------------
 
  This Prospectus Supplement dated January 22, 1996 modifies the prospectus for
the SPDR Trust Series 1 (the "Trust") dated April 24, 1995 (the "Base
Prospectus") and the prospectus supplements attached thereto dated June 16,
1995 and November 2, 1995, all of which are attached hereto.
 
                               ----------------
 
  The Mandatory Termination Date for the Trust currently listed on page 2 of
the Base Prospectus as January 22, 2018 has been extended. The new Mandatory
Termination date is the earlier of (1) January 22, 2118 or (2) the date 20
years after the death of the last survivor of the eleven persons named in the
Trust Agreement, the oldest of whom was born in 1990 and the youngest of whom
was born in 1993.
 
                               ----------------
 
  The Sponsor has determined to eliminate the waiver of the Transaction Fee
charged in connection with the creation of fifteen (15) or more Creation Units,
as more fully described on pages 4-5 and 25 of the Base Prospectus. Therefore,
effective January 22, 1996 until further notice, the Transaction Fee payable
for a creation through the SPDR Clearing Process of two (2) or more Creation
Units per Participating Party per day will be $3,000.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
