IMPORTANT INFORMATION REGARDING THE FEDERATED FUNDS

SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION

1.  Effective January 31, 2009, the address of the Federated Funds and of the Independent Directors/Trustees of the Federated Funds will change from 5800 Corporate Drive, Pittsburgh, Pennsylvania, 15237-7000 to:

4000 Ericsson Drive, Warrendale, Pennsylvania  15086-7561.

Please note that any correspondence for the Independent Directors/Trustees should include the following:  “Attention:  Mutual Fund Board.”

2.  As of January 1, 2009, John E. Murray, Jr., J.D., S.J.D. and Marjorie P. Smuts retired from their positions on the Federated Funds Board.  Dr. Murray retired as Chairman, Director/Trustee and member of the Executive and Nominating Committees.  Mrs. Smuts retired as Director/Trustee and member of the Nominating Committee. On January 1, 2009, Peter E. Madden became Chairman of the Federated Funds Board in addition to his existing positions as Director/Trustee and member of the Executive Committee.

January 30, 2009

39907 (01/09)

The Federated Funds are all of the following registrants (including any of their portfolios and/or share classes):

Cash Trust Series, Inc.

Cash Trust Series II

Federated Adjustable Rate Securities Fund

Federated American Leaders Fund, Inc.

Federated Core Trust

Federated Core Trust II, L.P.

Federated Equity Funds

Federated Equity Income Fund, Inc.

Federated Fixed Income Securities, Inc.

Federated GNMA Trust

Federated Government Income Securities, Inc.

Federated High Income Bond Fund, Inc.

Federated High Yield Trust

Federated Income Securities Trust

Federated Income Trust

Federated Index Trust

Federated Institutional Trust

Federated Insurance Series

Federated Intermediate Government Fund, Inc.

Federated International Series, Inc.

Federated Investment Series Funds, Inc.

Federated MDT Series

Federated Managed Allocation Portfolios

Federated Managed Pool Series

Federated Municipal Securities Fund, Inc.

Federated Municipal Securities Income Trust

Federated Short-Intermediate Duration Municipal Trust

Federated Stock and Bond Fund

Federated Stock Trust

Federated Total Return Government Bond Fund

Federated Total Return Series, Inc.

Federated U.S. Government Bond Fund

Federated U.S. Government Securities Fund:  1-3 Years

Federated U.S. Government Securities Fund:  2-5 Years

Federated World Investment Series, Inc.

Intermediate Municipal Trust

Edward Jones Money Market Fund

Money Market Obligations Trust