TRADEMARK EQUITY FUND
TRADEMARK KENTUCKY MUNICIPAL BOND FUND
TRADEMARK SHORT-INTERMEDIATE GOVERNMENT FUND
TRADEMARK GOVERNMENT  INCOME FUND
(PORTFOLIOS OF THE TRADEMARK FUNDS)
Supplement to the Combined Statement of Additional Information
dated March 31, 1994
In the section entitled Officers and Trustees on pages 11, 12 and
13 of the Combined Statement of Additional Information, please
delete the table containing the former Trustees'  Names and
Addresses, Positions with the Trust, and Principal Occupations
During Past Five Years, and replace it  with the following table:

                         Position with     Principal Occupations
Name and Address           the Trust      During Past Five Years

Peter C. Marshall        Chairman and   From 1992 to present, DCI
2727 W. Good Hope Road   Trustee        Marketing, Inc., President
Milwaukee, WI  53209                    and Treasurer;  From
                                        August 1987 to 1992, has
                                        served as an officer in
                                        the corporate finance
                                        group of Blunt, Ellis &
                                        Loewi and its successor
                                        corporation, Kemper
                                        Securities, Inc.; since
                                        1985, has served as
                                        Trustee of the One Group.

Charles I. Post          Trustee        From July 1986 to present,
7615 4th Avenue West                    has been self employed as
Bradenton, FL  34209                    a consultant; since 1985 has
                                        served as Trustee of the
                                        One Group.

John S. Randall          Trustee        Since 1972, has been self-
3505 North Lake Drive                   employed as a management
Milwaukee, WI  53211                    consultant; since 1985,
                                        has served as Trustee of
                                        the One Group.

Frederick W. Ruebeck     Trustee        From June 1988, to present
307 East McCarty                        has been Director of
Indianapolis, IN  46285                 Investments, Eli Lilly and
                                        Company; since 1990, has
                                        served as Trustee of the
                                        One Group.

Edward C. Gonzales       President and  Vice President, Treasurer
Federated Investors Tower Treasurer     and Trustee, Federated
Pittsburgh, PA                          Investors, Vice President
                                        and Treasurer, Federated
                                        Advisers, Federated
                                        Management, and Federated
                                        Research; Executive Vice
                                        President, Treasurer and
                                        Director, Federated
                                        Securities Corp., Trustee,
                                        Federated Services Company
                                        and Federated Shareholder
                                        Services; Chairman,
                                        Treasurer or Director of
                                        some of the Funds; Vice
                                        President and Treasurer of
                                        the Funds.

Craig P. Churman         Vice President Vice President, Federated
Federated Investors Towerand Assistant  Administrative Services;
Pittsburgh, PA           Treasurer      Vice President and
                                        Assistant Treasurer of
                                        some of the Funds.

C. Grant Anderson        Secretary      Corporate Counsel, Federated
Federated Investors Tower               Investors; Partner of
Pittsburgh, PA                          Rogers and wells, a New York
                                        based law firm, from 1973
                                        to June 1991.

     
     
                                                    July 26, 1994
   
   
   
FEDERATED SECURITIES CORP.
Distributor
G00490-01 (7/94)