FEDERATED SHORT TERM MUNICIPAL TRUST
NSAR-A/A, 2000-02-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  10
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SIGNATURE   STEVE KEANE
TITLE       ASST. GEN. COUNSEL


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000353101
<NAME>                            Federated Short-Term Municipal Trust
<SERIES>
     <NUMBER>                     011
     <NAME>                       Federated Short-Term Municipal Trust - Institutional Shares

<S>                               <C>
<PERIOD-TYPE>                     6-MOS
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<PERIOD-END>                      Dec-31-1999
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<INVESTMENTS-AT-VALUE>            214,665,531
<RECEIVABLES>                     3,236,449
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<SENIOR-EQUITY>                   0
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<SHARES-COMMON-STOCK>             19,306,327
<SHARES-COMMON-PRIOR>             19,834,188
<ACCUMULATED-NII-CURRENT>         0
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           (4,558,746)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          (1,376,971)
<NET-ASSETS>                      194,583,545
<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 5,106,736
<OTHER-INCOME>                    0
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<PER-SHARE-NAV-END>               10.080
<EXPENSE-RATIO>                   0.47
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000353101
<NAME>                            Federated Short-Term Municipal Trust
<SERIES>
     <NUMBER>                     012
     <NAME>                       Federated Short-Term Municipal Trust - Institutional Service Shares

<S>                               <C>
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Jun-30-2000
<PERIOD-END>                      Dec-31-1999
<INVESTMENTS-AT-COST>             216,042,502
<INVESTMENTS-AT-VALUE>            214,665,531
<RECEIVABLES>                     3,236,449
<ASSETS-OTHER>                    0
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<SHARES-COMMON-STOCK>             1,863,945
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<ACCUMULATED-NET-GAINS>           (4,558,746)
<OVERDISTRIBUTION-GAINS>          0
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<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 5,106,736
<OTHER-INCOME>                    0
<EXPENSES-NET>                    541,655
<NET-INVESTMENT-INCOME>           4,565,081
<REALIZED-GAINS-CURRENT>          (333,270)
<APPREC-INCREASE-CURRENT>         (2,163,117)
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<EQUALIZATION>                    0
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<NUMBER-OF-SHARES-REDEEMED>       (593,595)
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<EXPENSE-RATIO>                   0.72
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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