GOVERNMENT INCOME SECURITIES, INC.
Supplement to Prospectus dated April 30, 1994
There will be a special offering period during which
shares of the Fund may be purchased with no sales
load. This offering period will commence November 1,
1994 and end December 31, 1994. The following
sections in the Prospectus should be noted in regard
to this offering only for the aforementioned time
period: "Summary of Fund Expenses"; "What Shares
Cost"; and "Eliminating the Sales Charge."
October 31, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
383733102
G00772-01(10/94)
