497 1 form.txt FEDERATED AMERICAN LEADERS FUND, INC. CLASS B SHARES FEDERATED CAPITAL APPRECIATION FUND FEDERATED KAUFMANN FUND FEDERATED KAUFMANN SMALL CAP FUND FEDERATED LARGE CAP GROWTH FUND FEDERATED MARKET OPPORTUNITY FUND FEDERATED MID-CAP GROWTH STRATEGIES FUND FEDERATED TECHNOLOGY FUND CLASS B SHARES PORTFOLIOS OF FEDERATED EQUITY FUNDS FEDERATED EQUITY INCOME FUND, INC. CLASS B SHARES FEDERATED STRATEGIC INCOME FUND CLASS B SHARES A PORTFOLIO OF FEDERATED FIXED INCOME SECURITIES, INC. FEDERATED GOVERNMENT INCOME SECURITIES, INC. CLASS B SHARES FEDERATED HIGH INCOME BOND FUND, INC. CLASS B SHARES FEDERATED CAPITAL INCOME FUND FEDERATED FUND FOR U.S. GOVERNMENT SECURITIES FEDERATED MUNI AND STOCK ADVANTAGE FUND CLASS B SHARES PORTFOLIOS OF FEDERATED INCOME SECURITIES TRUST FEDERATED INTERNATIONAL BOND FUND FEDERATED INTERNATIONAL EQUITY FUND CLASS B SHARES PORTFOLIOS OF FEDERATED INTERNATIONAL SERIES, INC. FEDERATED BOND FUND CLASS B SHARES A PORTFOLIO OF FEDERATED INVESTMENT SERIES FUNDS, INC. FEDERATED BALANCED ALLOCATION FUND CLASS B SHARES A PORTFOLIO OF FEDERATED MANAGED ALLOCATION PORTFOLIOS FEDERATED MUNICIPAL SECURITIES FUND, INC. CLASS B SHARES FEDERATED CALIFORNIA MUNICIPAL INCOME FUND FEDERATED MUNICIPAL HIGH YIELD ADVANTAGE FUND FEDERATED NEW YORK MUNICIPAL INCOME FUND FEDERATED PENNSYLVANIA MUNICIPAL INCOME FUND CLASS B SHARES PORTFOLIOS OF FEDERATED MUNICIPAL SECURITIES INCOME TRUST FEDERATED STOCK AND BOND FUND, INC. CLASS B SHARES FEDERATED TOTAL RETURN BOND FUND CLASS B SHARES A PORTFOLIO OF FEDERATED TOTAL RETURN SERIES, INC. FEDERATED INTERNATIONAL CAPITAL APPRECIATION FUND FEDERATED INTERNATIONAL HIGH INCOME FUND FEDERATED INTERNATIONAL SMALL COMPANY FUND FEDERATED INTERNATIONAL VALUE FUND CLASS B SHARES PORTFOLIOS OF FEDERATED WORLD INVESTMENT SERIES, INC. LIBERTY U.S. GOVERNMENT MONEY MARKET TRUST CLASS B SHARES A PORTFOLIO OF MONEY MARKET OBLIGATIONS TRUST SUPPLEMENT TO CURRENT PROSPECTUSES OF THE ABOVE LISTED FUNDS. EFFECTIVE MARCH 1, 2007, THE 5.50% MAXIMUM ADVANCE COMMISSION A FINANCIAL INTERMEDIARY MAY RECEIVE ON THE PURCHASE OF CLASS B SHARES OF THE ABOVE-LISTED FUNDS ("FUNDS") WILL BE LOWERED TO 5.00%. PLEASE MAKE THE FOLLOWING CHANGE TO THE CURRENT PROSPECTUSES OF THE FUNDS 1. Under the sections entitled "How is the Fund Sold - Payments to Financial Intermediaries-Advance Commissions," please replace "Up to 5.50%" with "Up to 5.00%." February 8, 2007 36179 (2/07) Cusip 313914 20 2Cusip 313911 20 8 Cusip 314172 80 0Cusip 31428Q 81 2 Cusip 314172 66 9Cusip 31428U 79 7 Cusip 314172 62 8Cusip 31428U 76 3 Cusip 314172 83 4Cusip 31428U 73 0 Cusip 314172 73 5Cusip 31428U 83 9 Cusip 314172 20 6Cusip 60934N 72 4 Cusip 314172 79 2 Cusip 313915 20 9 Cusip 31417P 60 1 Cusip 313912 30 5 Cusip 314195 20 7 Cusip 31420C 86 0 Cusip 31420C 80 3 Cusip 31420C 82 9 Cusip 31420G 50 7 Cusip 31420G 20 0 Cusip 31420F 20 2 Cusip 314212 87 9 Cusip 313913 20 4 Cusip 313923 20 3 Cusip 313923 85 6 Cusip 313923 88 0 Cusip 313923 80 7