UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE TO
(Rule 14d-100)

Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the
Securities Exchange Act of 1934

FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND
(Name of Subject Company (Issuer))

FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND
(Name of Filing Person (Issuer))

MONEY MARKET CUMULATIVE PREFERRED (MMP(R)) SHARES,
PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)

33733Q206
(CUSIP Number of Class of Securities)

W. Scott Jardine, Esq.
Secretary
First Trust/Four Corners Senior Floating Rate Income Fund
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
Telephone: (800) 621-1675

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Person(s))

With a Copy to:


Eric F. Fess

Chapman and Cutler LLP 111 West Monroe Street Chicago, Illinois 60603 Telephone: (312) 845-3000

Calculation of Filing Fee

Transaction Valuation Amount of Filing Fee $20,907,905.33(a) $1,166.66(b)

(a) Calculated as the aggregate maximum purchase price to be paid for 880 shares in the offer, based upon a price of 95% of the liquidation preference of $25,000 per share plus unpaid dividends accrued through July 14, 2009 at an assumed rate equal to the current dividend rate.
(b) Calculated at $55.80 per $1,000,000 of the Transaction Valuation.

[ ] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid: Not Applicable Filing Party: Not Applicable Form or Registration No.: Not Applicable Date Filed: Not Applicable

Check the appropriate boxes below to designate any transactions to which the statement relates:

[ ] third party tender offer subject to Rule 14d-1.
[X] issuer tender offer subject to Rule 13e-4.
[ ] going-private transaction subject to Rule 13e-3.
[ ] amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer:
[ ]

ITEMS 1 THROUGH 11.

This Tender Offer Statement on Schedule TO is filed by First Trust/Four Corners Senior Floating Rate Income Fund, a Massachusetts business trust (the "Fund"). This Schedule TO relates to the Fund's offer to purchase for cash up to 100% of its outstanding Money Market Cumulative Preferred Shares, par value $0.01 per share (the "MMP Shares"), upon the terms and subject to the conditions set forth in the Fund's Offer to Purchase dated June 16, 2009 and the related Letter of Transmittal, copies of which are attached hereto as Exhibits
(a)(1)(i) and (a)(1)(ii), respectively (which together, as amended, supplemented or otherwise modified from time to time, constitute the "Offer"). The price to be paid for the MMP Shares is an amount per share, net to the seller in cash, equal to 95% of the liquidation preference of $25,000 per share, plus any unpaid dividends accrued through the Expiration Date (as defined herein). The information set forth in the Offer to Purchase and the related Letter of Transmittal is incorporated herein by reference with respect to Items 1 through Item 11 of this Tender Offer Statement on Schedule TO.

ITEM 12. EXHIBITS. 

Exhibit No. Document
--------------------------------------------------------------------------------
(a)(1)(i) Offer to Purchase dated June 16, 2009.
(a)(1)(ii) Letter of Transmittal (including Guidelines for Certification of
 Taxpayer Identification Number on Substitute Form W-9).
(a)(1)(iii) Notice of Guaranteed Delivery.
(a)(1)(iv) Letter to Brokers, Dealers, Commercial Banks, Trust Companies
 and Other Nominees.
(a)(1)(v) Letter to Clients for use by Brokers, Dealers, Commercial
 Banks, Trust Companies and Other Nominees.
(a)(1)(vi) Notice of Withdrawal
(a)(5) Press Release issued by the Fund dated June 16, 2009.
(b)(1) Credit Agreement dated as of May 13, 2008 (the "Credit
 Agreement") between the Fund and Bank of Nova Scotia
 (the "Bank");
(b)(2) Security Agreement dated as of May 13, 2008 between the Fund
 and the Bank (the "Security Agreement")
(b)(3) Consent No. 1 and Amendment No. 1 to the Credit Agreement and
 Amendment No. 1 to the Security Agreement dated as of
 July 11, 2008
(b)(4) Amendment No. 2 to the Credit Agreement and Amendment No. 2 to
 the Security Agreement dated May 12, 2009
(b)(5) Amendment No. 3 to the Credit Agreement dated June 2, 2009.
(d) Letter Agreement dated June 15, 2009 among the Fund and
 Karpus Management, Inc.

ITEM 13. NOT APPLICABLE.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FIRST TRUST/FOUR CORNERS SENIOR
FLOATING RATE INCOME FUND 

 By: /s/ James A. Bowen
 -------------------------------
 Name: James A. Bowen
 Title: President

Dated: June 16, 2009

EXHIBIT INDEX 

Exhibit No. Document
--------------------------------------------------------------------------------
(a)(1)(i) Offer to Purchase dated June 16, 2009.
(a)(1)(ii) Letter of Transmittal (including Guidelines for Certification of
 Taxpayer Identification Number on Substitute Form W-9).
(a)(1)(iii) Notice of Guaranteed Delivery.
(a)(1)(iv) Letter to Brokers, Dealers, Commercial Banks, Trust Companies
 and Other Nominees.
(a)(1)(v) Letter to Clients for use by Brokers, Dealers, Commercial
 Banks, Trust Companies and Other Nominees.
(a)(1)(vi) Notice of Withdrawal
(a)(5) Press Release issued by the Fund dated June 16, 2009.
(b)(1) Credit Agreement dated as of May 13, 2008 (the "Credit
 Agreement") between the Fund and Bank of Nova Scotia (the
 "Bank");
(b)(2) Security Agreement dated as of May 13, 2008 between the Fund and
 the Bank (the "Security Agreement")
(b)(3) Consent No. 1 and Amendment No. 1 to the Credit Agreement and
 Amendment No. 1 to the Security Agreement dated as of July 11,
 2008
(b)(4) Amendment No. 2 to the Credit Agreement and Amendment No. 2 to
 the Security Agreement dated May 12, 2009
(b)(5) Amendment No. 3 to the Credit Agreement dated June 2, 2009.
(d) Letter Agreement dated June 15, 2009 among the Fund and
 Karpus Management, Inc.

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