SES Securities Evaluation Service, Inc. Suite 200 531 E. Roosevelt Road Wheaton, Illinois 60187 September 29, 1999 Nike Securities L.P. 1001 Warrenville Road Lisle, IL 60532 Re: THE FIRST TRUST COMBINED SERIES 272 Gentlemen: We have examined the Registration Statement File No. 333-22615 for the above captioned fund. We hereby consent to the use in the Registration Statement of the references to Securities Evaluation Service, Inc. as evaluator. You are hereby authorized to file a copy of this letter with the Securities and Exchange Commission. Sincerely, Securities Evaluation Service, Inc. James R. Couture President