Exhibit b (vii ) under Form N-1A
                                           Exhibit 3(ii) under Item 601/Reg. S-K



                                  AMENDMENT #11
                                 TO THE BY-LAWS
                                       OF
               FEDERATED MUNICIPAL HIGH YIELD ADVANTAGE FUND, INC.

                          Effective September 21, 2004



Insert the  following  into  Article IV,  Officers  and  renumber  Section 15 as
Section 16:

     Section 15. Chief Compliance Officer. The Chief Compliance Officer shall be
     responsible for administering the Trust's policies and procedures  approved
     by the Board under Rule 38a-1 of the  Investment  Company  Act of 1940,  as
     amended.   Notwithstanding  any  other  provision  of  these  By-Laws,  the
     designation,  removal  and  compensation  of Chief  Compliance  Officer are
     subject to Rule 38a-1 under the Investment Company Act of 1940, as amended.