IMPORTANT INFORMATION REGARDING THE FEDERATED FUNDS

SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION

1.  Effective August, 2009, Maureen Lally-Green began serving as a Director/Trustee of the below-named funds and as a member of the Board of Directors/Trustees Nominating Committee.

INDEPENDENT DIRECTORS/TRUSTEES BACKGROUND AND COMPENSATION

Name Birth Date Positions Held with Fund/Trust/Corporation Date Service Began	Principal Occupation(s) for Past Five Years, Other Directorships Held and Previous Position(s)	Aggregate Compensation From Fund/Trust/ Corporation (past fiscal year)	Total Compensation From Fund and Federated Fund Complex (past calendar year)
Maureen Lally-Green Birth Date: July 5, 1949 DIRECTOR / TRUSTEE Began serving: August 2009	Principal Occupation: Director or Trustee of the Federated Fund Complex; Director, Office of Church Relations, Diocese of Pittsburgh; Adjunct professor of law, Duquesne University School of Law. Other Directorships Held: Director, Auberle; Trustee, St. Francis University; Director, Ireland Institute of Pittsburgh; Director, UPMC Mercy Hospital; Regent, St. Vincent Seminary; Director, Epilepsy Foundation of Western and Central Pennsylvania; Director, Saint Thomas More Society, Allegheny County. Previous Positions: Pennsylvania Superior Court Judge.	$0	$0

2.  For the below-named funds, please add the following for Maureen Lally-Green to the Board ownership table:

BOARD OWNERSHIP OF SHARES IN THE FUND AND IN THE FEDERATED FAMILY OF INVESTMENT COMPANIES AS OF DECEMBER 31, 2008

Independent Board Member Name	Dollar Range of Shares Owned in Fund	Aggregate Dollar Range of Shares Owned in Federated Family of Investment Companies
Maureen Lally-Green	None	None

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

Government Cash Series

Municipal Cash Series

Prime Cash Series

Treasury Cash Series

PORTFOLIOS OF CASH TRUST SERIES

Treasury Cash Series II

A PORTFOLIO OF CASH TRUST SERIES II

Edward Jones Money Market Fund

Federated Capital Appreciation Fund

Federated Clover Mid Value Fund

Federated Clover Small Value Fund

Federated Clover Value Fund

Federated InterContinental Fund

Federated International Strategic Value Fund

Federated Kaufmann Fund

Federated Kaufmann Large Cap Fund

Federated Kaufmann Small Cap Fund

Federated Market Opportunity Fund

Federated Mid Cap Growth Strategies Fund

Federated Prudent Bear Fund

Federated Strategic Value Fund

PORTFOLIOS OF FEDERATED EQUITY FUNDS

Federated Equity Income Fund, Inc.

Federated Municipal Ultrashort Fund

Federated Strategic Income Fund

PORTFOLIOS OF FEDERATED FIXED INCOME SECURITIES, INC.

Federated GNMA Trust

Federated Government Income Securities, Inc.

Federated High Income Bond Fund, Inc.

Federated High Yield Trust

Federated Max-Cap Index Fund

Federated Mid-Cap Index Fund

PORTFOLIOS OF FEDERATED INDEX TRUST

Federated Income Trust

Federated Capital Income Fund

Federated Fund for U.S. Government Securities

Federated Intermediate Corporate Bond Fund

Federated Muni and Stock Advantage Fund

Federated Prudent Global Income Fund

Federated Real Return Bond Fund

Federated Short-Term Income Fund

PORTFOLIOS OF FEDERATED INCOME SECURITIES TRUST

Federated Institutional High Yield Bond Fund

A PORTFOLIO OF FEDERATED INSTITUTIONAL TRUST

Federated  Capital Appreciation Fund II

Federated Capital Income Fund II

Federated Clover Value Fund II

Federated Equity Income Fund II

Federated Fund for U.S. Government Securities II

Federated High Income Bond Fund II

Federated International Equity Fund II

Federated Kaufmann Fund II

Federated Market Opportunity Fund II

Federated Mid Cap Growth Strategies Fund II

Federated Prime Money Fund II

Federated Quality Bond Fund II

PORTFOLIOS OF FEDERATED INSURANCE SERIES

Federated Intermediate Government Fund, Inc.

Federated International Bond Fund

Federated International Equity Fund

PORTFOLIOS OF FEDERATED INTERNATIONAL SERIES, INC.

Federated Bond Fund

A PORTFOLIO OF FEDERATED INVESTMENT SERIES FUNDS, INC.

Federated Balanced Allocation Fund

A PORTFOLIO OF FEDERATED MANAGED ALLOCATION PORTFOLIOS

Federated Corporate Bond Strategy Portfolio

Federated High Yield Strategy Portfolio

FederatedInternational Bond Strategy Portfolio

Federated Mortgage Strategy Portfolio

PORTFOLIOS OF FEDERATED MANAGED POOL SERIES

Federated Municipal Securities Fund, Inc.

Federated Total Return Government Bond Fund

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

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

Federated Short-Intermediate Duration Municipal Trust

Federated Stock and Bond Fund

Federated Mortgage Fund

Federated Total Return Bond Fund

Federated Ultrashort Bond Fund

PORTFOLIOS OF FEDERATED TOTAL RETURN SERIES, INC.

Federated International High Income Fund

Federated International Leaders Fund

Federated International Small-Mid Company Fund

PORTFOLIOS OF FEDERATED WORLD INVESTMENT SERIES, INC.

Federated Intermediate Municipal Trust

A PORTFOLIO OF INTERMEDIATE MUNICIPAL TRUST

Alabama Municipal Cash Trust

Arizona Municipal Cash Trust

Automated Government Cash reserves

California Municipal Cash Trust

Connecticut Municipal Cash Trust

Federated Tax-Free Trust

Florida Municipal Cash Trust

Georgia Municipal Cash Trust

Maryland Municipal Cash Trust

Massachusetts Municipal Cash Trust

Michigan Municipal Cash Trust

Minnesota Municipal Cash Trust

New Jersey Municipal Cash Trust

New York Municipal Cash Trust

North Carolina Municipal Cash Trust

Ohio Municipal Cash Trust

Pennsylvania Municipal Cash Trust

Tax-Free Instruments Trust

U.S. Treasury Cash Reserves

Virginia Municipal Cash Trust

PORTFOLIOS OF MONEY MARKET OBLIGATIONS TRUST

October 21, 2009

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