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TAX-FREE INSTRUMENTS TRUST
SUPPLEMENT TO PROSPECTUSES DATED MAY 31, 2000
The special meeting of shareholders of the above named Trust, held on
June 30, 2000, was adjourned to August 23, 2000. At the adjourned
meeting, shareholders will be asked to vote on the changes described
below. If approved by shareholders, these changes will take effect on
or after September 1, 2000. Shareholders will be notified if any of
these changes are not approved at the adjournment of the special
meeting. 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.
July 6, 2000
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Cusip 876924101
876924200
25617 (7/00)
