LIBERTY HIGH INCOME BOND FUND, INC.
Class A Shares
Class B Shares
Class C Shares
SUPPLEMENT TO COMBINED PROSPECTUS DATED MAY 31, 1995
Effective March 31, 1996, the name of "Liberty High Income Bond Fund, Inc."
has been changed to "Federated High Income Bond Fund, Inc." Accordingly, all
references to Liberty High Income Bond Fund, Inc. in the Combined Prospectus
should reflect this change.
March 29, 1996
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of FEDERATED INVESTORS
Federated Investors Tower
PITTSBURGH, PA 15222-3779
CUSIP 530565100
CUSIP 530565407
CUSIP 530565209
G00301-01 (3/96)
LIBERTY HIGH INCOME BOND FUND, INC.
Class A Shares
Class B Shares
Class C Shares
SUPPLEMENT TO COMBINED STATEMENT OF ADDITIONAL INFORMATION DATED MAY 31, 1995
Effective March 31, 1996, the name of "Liberty High Income Bond Fund, Inc."
has been changed to "Federated High Income Bond Fund, Inc." Accordingly, all
references to Liberty High Income Bond Fund, Inc. in the Combined Statement
of Additional Information should reflect this change.
March 29, 1996
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of FEDERATED INVESTORS
FEDERATED INVESTORS TOWER
PITTSBURGH, PA 15222-3779
CUSIP 530565100
CUSIP 530565407
CUSIP 530565209
