FEDERATED MUNICIPAL SECURITIES FUND INC
497J, 1999-08-03
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                    FEDERATED MUNICIPAL SECURITIES FUND, INC.

                            Federated Investors Funds

                              5800 Corporate Drive

                       Pittsburgh, Pennsylvania 15237-7000

                                 August 3, 1999

EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest

Washington, DC  20549

      RE:  FEDERATED MUNICIPAL SECURITIES FUND, INC.

           1933 Act File No. 2-57181

           1940 ACT FILE NO. 811-2677

Dear Sir or Madam:

        Pursuant to Rule 497(j) under the Securities Act of 1933, the
above-named Trust hereby certifies that the definitive form of prospectus and
statement of additional information dated July 31, 1999, that would have been
filed under Rule 497(c), does not differ from the form of prospectus and
statement of additional information contained in the most recent registration
statement for the Trust. This registration statement was electronically filed
under Rule 485(b) as Post-Effective Amendment No.

54 on July 30, 1999.

        If you have any questions regarding this certification, please call me
at (412) 288-7404.

                                                   Very truly yours,

                                                   /s/ Leslie K. Ross
                                                   Leslie K. Ross
                                                   Assistant Secretary






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