FT 1081
TRUST AGREEMENT
Dated: October 28, 2005
This Trust Agreement among First Trust Portfolios, L.P., as
Depositor, The Bank of New York, as Trustee, Securities
Evaluation Service, Inc., as Evaluator, and First Trust Advisors
L.P., as Portfolio Supervisor, sets forth certain provisions in
full and incorporates other provisions by reference to the
document entitled "Standard Terms and Conditions of Trust for FT
906 and certain subsequent Series, effective October 19, 2004"
(herein called the "Standard Terms and Conditions of Trust"), and
such provisions as are set forth in full and such provisions as
are incorporated by reference constitute a single instrument. All
references herein to Articles and Sections are to Articles and
Sections of the Standard Terms and Conditions of Trust.
WITNESSETH THAT:
In consideration of the premises and of the mutual
agreements herein contained, the Depositor, the Trustee, the
Evaluator and Portfolio Supervisor agree as follows:
PART I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the Provisions of Part II and Part III hereof,
all the provisions contained in the Standard Terms and Conditions
of Trust are herein incorporated by reference in their entirety
and shall be deemed to be a part of this instrument as fully and
to the same extent as though said provisions had been set forth
in full in this instrument.
PART II
SPECIAL TERMS AND CONDITIONS OF TRUST
CORPORATE INVESTMENT GRADE PORTFOLIO-LONG-TERM, SERIES 4
The following special terms and conditions are hereby agreed
to:
(a) The Bonds defined in Section 1.01(5) listed in
Schedule A hereto have been deposited in trust under this
Trust Agreement.
(b) The fractional undivided interest in and ownership
of the Trust Fund represented by each Unit for a Trust is the
amount set in the "Summary of Essential Information" in the
Prospectus.
(c) The number of units in a Trust referred to in
Section 2.03 is set forth in the "Summary of Essential
Information" in the Prospectus.
(d) For each Trust the First General Record Date and
the amount of the second distribution of funds from the
Interest Account shall be the record date for the Interest
Account and the amount set forth in the "Summary of Essential
Information" in the Prospectus.
(e) For each Trust the "First Settlement Date" is the
date set forth in the "Summary of Essential Information" in
the Prospectus.
(f) the term "Bonds" as set forth in the standard
Terms and Conditions of Trust shall be replaced with the term
"Securities."
(g) First Trust Advisors L.P.'s compensation as
referred to in Section 3.15 of the Standard Terms and
Conditions of Trust shall be in the amount of $.45 per Unit.
(h) The Evaluator's compensation as referred to in
Section 4.03 of the Standard Terms and Conditions of Trust
shall be in the amount of $.50 per Unit.
(i) The Trustee's compensation as referred to in
Section 6.04 of the Standard Terms and Conditions of Trust
shall be an annual fee in the amount of $1.05 and $0.80 per
Unit for those portions of the Trust representing monthly and
semi-annual distribution plans, respectively.
PART III
A. Notwithstanding anything to the contrary in the
Standard Terms and Conditions of Trust, Section 3.07 shall be
amended to include the following section after section (g):
"(h) that there has been a public tender offer made for
a Security or a merger or acquisition is announced affecting
a Security, and that in the opinion of the Sponsor the sale
or tender of the Security is in the best interest of the Unit
holders."
IN WITNESS WHEREOF, First Trust Portfolios, L.P., The Bank
of New York, Securities Evaluation Service, Inc. and First Trust
Advisors L.P. have each caused this Trust Agreement to be
executed and the respective corporate seal to be hereto affixed
and attested (if applicable) by authorized officers; all as of
the day, month and year first above written.
FIRST TRUST PORTFOLIOS, L.P.,
Depositor
By ▇▇▇▇▇ ▇. ▇▇▇▇▇
Senior Vice President
THE BANK OF NEW YORK, Trustee
By ▇▇▇▇ ▇. ▇▇▇▇▇▇
Vice President
(SEAL)
Attest:
▇▇▇▇▇▇▇ ▇▇▇▇
Assistant Vice President
SECURITIES EVALUATION SERVICE,
INC., Evaluator
By ▇▇▇▇▇ ▇▇▇▇▇▇▇
President
(SEAL)
Attest:
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Vice President and
Assistant Secretary
FIRST TRUST ADVISORS L.P.,
Portfolio Supervisor
By ▇▇▇▇▇ ▇. ▇▇▇▇▇
Senior Vice President
SCHEDULE A TO TRUST AGREEMENT
Securities Initially Deposited
FT 1081
(Note: Incorporated herein and made a part hereof is the
"Schedule of Investments" as set forth for each Trust in the
Prospectus.)