SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.

                                    FORM 8-A


                FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                     PURSUANT TO SECTION 12(b) OR (g) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                 FIRST TRUST TAX-ADVANTAGED PREFERRED INCOME FUND
            --------------------------------------------------------
             (Exact name of registrant as specified in its charter)

              MASSACHUSETTS                             84-1708592
- ----------------------------------------   ------------------------------------
(State of Incorporation or Organization)   (I.R.S. Employer Identification No.)

1001 Warrenville Road, Suite 300, Lisle, Illinois      60532
- -------------------------------------------------   -----------
    (Address of Principal Executive Offices)         (Zip Code)

If this form relates to the registration of a class of securities pursuant to
Section 12(b) of the Exchange Act and is effective pursuant to General
Instruction A. (c), check the following box. [X]

If this form relates to the registration of a class of securities pursuant to
Section 12(g) of the Exchange Act and is effective pursuant to General
Instruction A. (d), check the following box. [ ]

Securities Act registration statement file number to which this form relates:
333-132639.

Securities to be registered pursuant to Section 12(b) of the Act:

        TITLE OF EACH CLASS              NAME OF EACH EXCHANGE ON WHICH EACH
        TO BE SO REGISTERED                   CLASS IS TO BE REGISTERED

Common Shares of Beneficial Interest       American Stock Exchange, Inc.
     $.01 par value per share

Securities to be registered pursuant to Section 12(g) of the Act:

                                      NONE
                      ------------------------------------
                                (Title of Class)





                    INFORMATION REQUIRED IN REGISTRATION STATEMENT

ITEM 1.     DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED

         The securities to be registered hereunder are common shares of
beneficial interest, $.01 par value per share (the "Shares"), of First Trust
Tax-Advantaged Preferred Income Fund (the "Registrant"). An application for
listing of the Shares has been filed with the American Stock Exchange, Inc. A
description of the Shares is contained under the caption "Description of
Shares," at page 35 of the Preliminary Prospectus, which is a part of the
initial Registration Statement on Form N-2 (Registration Nos. 333-132639 and
811-21876), filed with the Securities and Exchange Commission on March 22, 2006.
Such description is incorporated by reference herein.

ITEM 2.     EXHIBITS

         Pursuant to the "Instruction as to Exhibits" of Form 8-A, no exhibits
are filed herewith or incorporated by reference.






                                    SIGNATURE

         Pursuant to the requirements of Section 12(b) of the Securities
Exchange Act of 1934, the Registrant has duly caused this registration statement
to be signed on its behalf by the undersigned, thereto duly authorized.


                             FIRST TRUST TAX-ADVANTAGED PREFERRED INCOME FUND


                             By: /s/ W. Scott Jardine
                                 -----------------------------
                                 W. Scott Jardine, Secretary

June 19, 2006