[LOGO OMITTED] FIRST TRUST IMPORTANT NOTICE REGARDING
ADVISORS L.P. YOUR INVESTMENT
FIRST TRUST STRATEGIC HIGH INCOME FUND
1001 Warrenville Road
Lisle, Illinois 60532
-------------------------------------------------------------------------------
May 14, 2007
Dear Shareholder:
Our records indicate that we have not yet received your important proxy
vote on the proposal to change the concentration policy of the First
Trust Strategic High Income Fund (the "Fund"). If you have voted since
this letter was mailed we thank you for casting your vote. If your shares
have not yet been voted, please note than an important change is being
voted on that will affect your investment in the Fund. It is critical
that we receive enough votes to complete the business of this meeting
without additional delay.
Approval of the proposal of a change in concentration policy now requires
the affirmative vote of less than 4% of the Fund's outstanding shares. IN
ORDER TO OBTAIN THE NECESSARY VOTES WE NEED YOUR VOTE TODAY. The meeting
has been adjourned once again to provide you additional time to cast your
vote. Please vote today so that your shares may be represented for the
adjourned Meeting of shareholders on May 29th, 2007.
The Board of Trustees of First Trust Strategic High Income Fund
unanimously recommends that shareholders vote FOR the change in
concentration policy. More information can be found in the proxy
statement you were sent around March 20, 2007. If you need any
assistance, or have any questions, please call 1-800-761-6707 weekdays
from 9:00 a.m. to 10:00 p.m. Eastern Time.
PLEASE UTILIZE ONE OF THE FOLLOWING METHODS TO SUBMIT YOUR VOTE TODAY:
[GRAPHIC OMITTED] 1. VOTE BY TELEPHONE. You may cast your vote by calling our
toll-free proxy hotline at 1-800-761-6707. Representatives
are available to record your vote Monday through Friday 9:00
a.m. to 10:00 p.m. Eastern Time.
[GRAPHIC OMITTED] 2. VOTE BY TOUCH-TONE PHONE. You may cast your vote by
telephone by calling the toll-free number found on the
enclosed proxy ballot(s).
[GRAPHIC OMITTED] 3. VOTE THROUGH THE INTERNET. You may cast your vote using
the Internet by logging into the Internet address located on
the enclosed proxy ballot(s) and following the instructions
on the website.
[GRAPHIC OMITTED] 4. VOTE BY MAIL. You may cast your vote by signing, dating
and mailing the enclosed proxy ballot in the postage-prepaid
return envelope provided. Please allow enough time so that
your vote will be received no later than May 29, 2007.
Please do not hesitate to CALL TOLL-FREE 1-800-761-6707 if you have any
questions regarding this matter. Thank you for your assistance with this
important matter.
Sincerely,
/s/ James A. Bowen
James A. Bowen
Chairman of the Board
NOBO
[LOGO OMITTED] FIRST TRUST IMPORTANT NOTICE REGARDING
ADVISORS L.P. YOUR INVESTMENT
FIRST TRUST STRATEGIC HIGH INCOME FUND
1001 Warrenville Road
Lisle, Illinois 60532
-------------------------------------------------------------------------------
May 14, 2007
Dear Shareholder:
Our records indicate that we have not yet received your important proxy
vote on the proposal to change the concentration policy of the First
Trust Strategic High Income Fund (the "Fund"). If you have voted since
this letter was mailed we thank you for casting your vote. If your shares
have not yet been voted, please note than an important change is being
voted on that will affect your investment in the Fund. It is critical
that we receive enough votes to complete the business of this meeting
without additional delay.
Approval of the proposal of a change in concentration policy now requires
the affirmative vote of less than 4% of the Fund's outstanding shares. IN
ORDER TO OBTAIN THE NECESSARY VOTES WE NEED YOUR VOTE TODAY. The meeting
has been adjourned once again to provide you additional time to cast your
vote. Please vote today so that your shares may be represented for the
adjourned Meeting of shareholders on May 29th, 2007.
The Board of Trustees of First Trust Strategic High Income Fund
unanimously recommends that shareholders vote FOR the change in
concentration policy. More information can be found in the proxy
statement you were sent around March 20, 2007. If you need any
assistance, or have any questions, please call 1-800-761-6707 weekdays
from 9:00 a.m. to 10:00 p.m. Eastern Time.
PLEASE UTILIZE ONE OF THE FOLLOWING METHODS TO SUBMIT YOUR VOTE TODAY:
[GRAPHIC OMITTED] 1. VOTE BY TOUCH-TONE PHONE. You may cast your vote by
telephone by calling the toll-free number found on the
enclosed proxy ballot(s).
[GRAPHIC OMITTED] 2. VOTE THROUGH THE INTERNET. You may cast your vote using
the Internet by logging into the Internet address located on
the enclosed proxy ballot(s) and following the instructions
on the website.
[GRAPHIC OMITTED] 3. VOTE BY MAIL. You may cast your vote by signing, dating
and mailing the enclosed proxy ballot in the postage-prepaid
return envelope provided. Please allow enough time so that
your vote will be received no later than May 29, 2007.
Please do not hesitate to CALL TOLL-FREE 1-800-761-6707 if you have any
questions regarding this matter. Thank you for your assistance with this
important matter.
Sincerely,
/s/ James A. Bowen
James A. Bowen
Chairman of the Board
OBO