FEDERATED STOCK TRUST
SUPPLEMENT TO PROSPECTUS DATED DECEMBER 31, 1997
Scott B. Schermerhorn is no longer a portfolio manager for Federated Stock
Trust. In the subsection of the prospectus entitled "Adviser's Background,"
please delete the biography of Scott B. Schermerhorn in its entirety. Michael P.
Donnelly remains as portfolio manager of the Trust. Following the section
containing Mr. Donnelly's biography please add the following:
Charles A. Ritter has been the Trust's portfolio manager since October
1998. Mr. Ritter joined Federated Investors, Inc. in 1983 and has been a
Vice President of the Trust's investment adviser since 1992. Mr. Ritter is
a Chartered Financial Analyst and received his M.B.A. in Finance from the
University of Chicago and his M.S. in Economics from Carnegie Mellon
University.
October 29, 1998
[GRAPHIC OMITTED]
Cusip 313900102
GO1406-06 (10/98)
502899 [GRAPHIC OMITTED]
