FUND FOR U S GOVERNMENT SECURITIES INC
497, 1995-03-20
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FUND FOR U.S. GOVERNMENT SECURITIES, INC.
(CLASS A SHARES, CLASS B SHARES AND CLASS C SHARES)
Supplement to Prospectuses dated December 31, 1994
1.   Under the section entitled "Adviser's Background", please delete the
third and fourth paragraphs and replace with the following information:
     "James D. Roberge has been the Fund's portfolio manager since 
      March 1, 1995.
      Mr. Roberge joined Federated Investors in 1990 and has been a 
      Vice President of
      the Fund's investment adviser since October, 1994.  Prior to
      this, Mr. Roberge served as an Assistant Vice President of
      the Fund's investment adviser.  From 1990 until 1992, Mr.
      Roberge acted as an investment analyst.  Mr. Roberge is a
      Chartered Financial Analyst and received his M.B.A. in
      Finance from Wharton Business School in 1990.
      Kathleen M. Foody-Malus has been the Fund's portfolio
      manager since July, 1993.  Ms. Foody-Malus joined Federated
      Investors in 1983 and has been a Vice President of the
      Fund's investment adviser since 1993.  Ms. Foody-Malus
      served as an Assistant Vice President of the investment
      adviser from 1990 until 1992, and from 1986 until 1989 she
      acted as an investment analyst.  Ms. Foody-Malus received
      her M.B.A. in Accounting/Finance from the University of
      Pittsburgh."
      

March 15, 1995


    FEDERATED SECURITIES CORP.

    Distributor
    A subsidiary of Federated Investors
    Federated Investors Tower
    Pittsburgh, PA  15222-3779
    360799100
    360799407
    360799209
    G01052-01 (3/95)





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