American Leaders Fund, Inc.
Class A Shares
Class C Shares
Fortress Shares
Fund for U.S. Government Securities, Inc.
Class A Shares
Class C Shares
Liberty Municipal Securities Fund, Inc.
Class A Shares
Class C Shares
(Supplement to the Prospectuses dated July 31, 1994)
Please revise the last paragraph of the Summary of Fund Expenses
table on page 1 of the above noted prospectuses to reflect that
Class B Shares of the respective Fund will be sold with a
maximum contingent deferred sales charge of 5.5%.
July 31, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
027128107
027128206
027128305
360799100
360799209
530900109
530900208
005448 (7/94)
