TAX-FREE INSTRUMENTS TRUST
SUPPLEMENT TO PROSPECTUSES DATED MAY 31, 1999
At a special meeting of shareholders to be held on June 30, 2000,
shareholders of the above-named Trust will be asked to vote on the
changes described below. If approved by shareholders, these changes
will take effect on or after August 1, 2000. Shareholders will be
notified if any of these changes are not approved at the special
meeting or any adjournment thereof. Please keep this supplement for
your records.
Shareholders will be asked to consider the following proposals:
(1)To elect seven Trustees.
(2)To approve an amendment to, and a restatement of, the Trust's
Declaration of Trust to permit the Board of Trustees to
liquidate the assets of the Trust, or of any series or class
of the Trust, without seeking shareholder approval.
(3)To approve a proposed Agreement and Plan of Reorganization
between the Trust and Money Market Obligations Trust, on
behalf of its series, Tax-Free Instruments Trust (the "New
Fund"), whereby the New Fund would acquire all of the assets
of the Trust in exchange for shares of the New Fund to be
distributed PRO RATA by the Trust to its shareholders in
complete liquidation and termination of the Trust.
To transact such other business as may properly come before
the special meeting of shareholders or any adjournment
thereof.
May 24, 2000
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Cusip 876924101
876924200
