LIBERTY U.S. GOVERNMENT MONET MARKET TRUST
TAX-FREE INSTRUMENTS TRUST
Investment Shares
Supplement to Prospectuses dated May 31, 1994
Please delete the first paragraph of the section entitled "Contingent Deferred
Sales Charge" and insert the following in its place:
"Shareholders who purchase Shares of funds in the Liberty Family of Funds with
proceeds of a redemption of shares of a mutual fund sold with a sales load and
not distributed by
Federated Securities Corp. prior to June 1, 1994, and during the period from
December 5, 1994 to January 6, 1995, and subsequently exchange into the
Trust, will be charged a contingent deferred sales charge by the Fund's
distributor of .50 of 1% for redemptions made within one year of the
purchase. Purchases under the program not made during those periods will
not be subject to any type of contingent deferred sales charge."
December 5, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
531485100
876924101
G00813-01 (12/94)
