Federated Funds


                              Fidelity Bond Filing


                     Joint Insureds Agreement and Amendments








         Contents of Submission:


         1)(a) Copy of the Financial Institution Investment Company Asset
         Protection Bond ("Bond") received on January 8, 2010 for filing as
         required by Rule 17g-1(g)(B)(i);*


           (b) Copy of the National Union Fire Insurance Company of Pittsburgh,
         PA Follow Form Bond ("Bond") received on January 20, 2010 for filing as
         required by Rule 17g-1(g)(B)(i);**


           (c) Copy of the Financial Institution Excess Follow Form Certificate
         ("Bond") received on February 23, 2010 for filing as required by Rule
         17g-1(g)(B)(i);


         2) Copy of the resolutions of a majority of the Funds' Board and of the
         Executive Committee of the Funds' Board, respectively, approving the
         amount, type, form and coverage of the Bond, and the portion of the
         premium to be paid by such company as required by Rule
         17g-1(g)(B)(ii);*


         3) Copy of a statement showing the amount of the single insured bond
         which each investment company would have provided and maintained had it
         not been named as an insured under a joint insured bond;*


         4) As required by Rule 17g-1(g)(B)(iv), the period for which premiums
         have been paid is October 1, 2009 to October 1, 2010; and


         5) Copy of the amendment, received February 18, 2010, to the agreement
         between the investment company and all of the other named insureds as
         required by Rule 17g-1(g)(B)(v).





         * Incorporated by reference to the Fidelity Bond filing submitted on
January 15, 2010.


         ** Incorporated by reference to the Fidelity Bond filing submitted on
January 26, 2010.









FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE

The Great American Insurance Company, herein called the UNDERWRITER

Bond Number:            FS 234-61-50 - 02

Name and Address of Insured:            Federated Investors, Inc.
                                        1001 Liberty Avenue
                                        Pittsburgh, PA 15222

The UNDERWRITER, in consideration of an agreed premium, and in reliance upon
the statements and information furnished to the UNDERWRITER by the Insured, and
subject to the terms and conditions of the underlying coverage scheduled in
ITEM 3 below, as excess and not contributing insurance, agrees to pay the
Insured for loss which:

(a) Would have been paid under the Underlying but for the fact that such loss
exceeds the limit of liability of the Underlying Carrier (s) listed in Item 3,
and
(b) for which the Underlying Carrier (s) has (have) made payment, and the
Insured has collected the full amount of the expressed limit of the Underlying
Carriers (s) liability.

ITEM 1.  BOND PERIOD: from 12:01 a.m. on 10/01/2009 to 12:01 a.m. on 10/01/2010
                                         (inception)               (expiration)

ITEM 2.  LIMIT OF LIABILITY AT INCEPTION: $10,000,000 single  loss  Fidelity,
Premises, Transit, Forgery or Alteration, Securities, Counterfeit Currency,
Threat to Person, Computer Systems, Extended Computer, Telefacsimile.

ITEM 3.  UNDERLYING COVERAGE:

  A)   CARRIER:         Federal Insurance Company
       LIMIT:           $15,000,000 single loss subject to a $250,000 deductible
       BOND NUMBER:     8194-80-05
       BOND PERIOD:     10/01/2009  10/01/2010

ITEM 4.  Coverage provided by this Bond is subject to the following attached
Rider(s):  Rider No. 1 (Non-Cumulative)

ITEM 5.  By acceptance of this Bond, you give us notice canceling prior
Bond No. FS 234-61-50 - 01, the cancellation to be effective at the same time
this Bond becomes effective.

In witness whereof, the UNDERWRITER has caused this certificate to be signed by
an Attorney-in-Fact of the UNDERWRITER  this 5th day of February, 2010.

                                  THE GREAT AMERICAN INSURANCE COMPANY

                                  By:  Frank J. Scheckton, Divisional President
                                  (Attorney-in-Fact)
Excess Follow Form Certificate
10/2007 ed.










RIDER NO. 1

NON-CUMULATIVE RIDER


To be attached to and form part of Bond No.      FS 234-61-50 - 02


in favor of     Federated Investors, Inc.

It is agreed that:

1. In the event of a loss covered under this bond and also covered under
Great American Insurance Company Bond FS 234-61-51  02 issued to Federated
Investors, Inc., the Single Loss Limit of Liability under this bond shall be
reduced by any payment under Bond No. FS 234-61-51  02 and only the remainder,
if any, shall be applicable to such loss hereunder.


2. This rider shall become effective as of 12:01 a.m. on 10/01/2009 standard
time.







                            JOINT INSUREDS AGREEMENT
Cash Trust  Series,  Inc.;  Cash Trust Series II; Edward Jones Money Market
Fund;   Federated  American  Leaders  Fund,  Inc.;   Federated  Adjustable  Rate
Securities Fund; 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  Managed   Allocation
Portfolios;  Federated  Managed Pool  Series;  Federated  MDT Series;  Federated
Municipal  Securities Fund, Inc.;  Federated Municipal  Securities Income Trust;
Federated  Premier   Intermediate   Municipal  Income  Fund;  Federated  Premier
Municipal Income Fund;  Federated  Short-Intermediate  Duration Municipal Trust;
Federated  Stock and Bond Fund,  Inc.;  Federated  Stock Trust;  Federated Total
Return Series, Inc.; Federated Total Return Government Bond Fund; 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;  Money Market  Obligations Trust;
(hereinafter  referred to as the  "Parties") do hereby enter into this Agreement
to be effective December 3, 2007, and agree as follows:


                               W I T N E S E TH :

         WHEREAS, the Parties have procured a joint insured fidelity bond
program from Federal Insurance Company, Great American Insurance Company,
National Union Fire Insurance Company of Pittsburgh, PA and St. Paul Mercury
Insurance Company, which the parties have approved in form and amount
(hereinafter referred to as "the Bond");

         WHEREAS, the Parties have determined that separate fidelity bond
insurance should be arranged for Capital Preservation Fund, Federated
International Funds, PLC, Federated Strategic Investment Series Fund, L.P. and
Federated Unit Trust, these entities have been removed from this Agreement;

      WHEREAS, the Parties procured the Bond for the purpose of protecting their
respective assets against events of loss, theft or misappropriation by their
respective officers and employees; and

      WHEREAS, the Parties hereto desire to enter into an agreement so as to be
in compliance with 17 CFR 270.17g-1(f).

      NOW THEREFORE, the Parties hereto, intending to be legally bound hereby,
agree as follows:

      1. In the event recovery is received under the Bond as a result of a loss
sustained by any registered management investment company that is named in the
Bond and one or more of the other Parties to the Bond, the registered investment
company shall receive an equitable and proportionate share of the recovery, at
least equal to the amount which it would have received had it provided and
maintained a single insured bond with the minimum coverage as provided, by 17
CFR 270.17g-1(d)(1).

      2. Registered management investment companies, collective investment
funds, and investment companies exempt from registration under the Investment
Company Act of 1940, or series thereof, which become effective in the future,
and future established series of registered management investment companies,
collective investment funds, or investment companies exempt from registration
under the Investment Company Act of 1940, which are currently Parties, are
hereafter referred to as "Future Funds". Such Future Funds which are advised
and/or distributed and/or administered by companies which are subsidiaries or
affiliates of Federated Investors, Inc. may undertake action to become parties
to the Bond by executing a counterpart signature page to this Agreement.

      3. This Agreement may be amended or modified by a written agreement
executed by the Parties.

      4. This Agreement shall be construed and the provisions thereof
interpreted in accordance with the laws of Pennsylvania.

      5. This Agreement constitutes the entire agreement among the parties
hereto and supersedes any prior agreement with respect to the subject hereof,
whether oral or written, among any or all of the parties.












         IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
executed in their names and on their behalf under their seals by and through
their duly authorized officers, as of the day and year first above written.

                           Cash Trust Series, Inc.
                           Cash Trust Series II
                           Edward Jones Money Market Fund
                           Federated American Leaders Fund, Inc.
                           Federated Adjustable Rate Securities Fund
                           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 Managed Allocation Portfolios
                           Federated Managed Pool Series
                           Federated MDT Series
                           Federated Municipal Securities Fund, Inc.
                           Federated Municipal Securities Income Trust
                           Federated Premier Intermediate Municipal Income Fund
                           Federated Premier Municipal Income Fund
                           Federated Short-Intermediate Duration Municipal Trust
                           Federated Stock and Bond Fund, Inc.
                           Federated Stock Trust
                           Federated Total Return Series, Inc.
                           Federated Total Return Government Bond Fund
                           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
                           Money Market Obligations Trust


                             /s/ John W. McGonigle
                           John W. McGonigle, Secretary





                       Federated Joint Insured's Agreement
                                  Amendment #1
                            Dated September 30, 2008



The entities designated below require that the Joint Insured's Agreement filed
with the Securities and Exchange Commission on December 3, 2007 be amended as
follows:



Entity Name                                       Effective Date

CHANGE Federated Stock & Bond Fund, Inc. to       9/5/2008
         Federated Stock & Bond Fund




                                            /s/ John W. McGonigle
                                            John W. McGonigle, Secretary









                       Federated Joint Insured's Agreement
                                  Amendment #2
                            Dated September 30, 2009



The entities designated below require that the Joint Insured's Agreement filed
with the Securities and Exchange Commission on December 3, 2007 be amended as
follows:



Entity Name                                                     Effective Date

DELETE Federated American Leaders Fund, Inc.                    9/18/2009

ADD Federated Core Trust III                                    8/1/2009




                                            /s/ John W. McGonigle
                                            John W. McGonigle, Secretary







                       Federated Joint Insured's Agreement
                                  Amendment #3
                             Dated January 29, 2010



The entities designated below require that the Joint Insured's Agreement filed
with the Securities and Exchange Commission on December 3, 2007 be amended as
follows:



Entity Name                                                      Effective Date

CHANGE Federated Stock Trust to Federated MDT Stock Trust            1/29/2010





                                            /s/ John W. McGonigle
                                            John W. McGonigle, Secretary