AMERICAN LEADERS FUND, INC.
Class A Shares
Class B Shares
Class C Shares
Fortress Shares
SUPPLEMENT TO THE PROSPECTUSES DATED MAY 31, 1995
Effective March 31, 1996, the name of "American Leaders Fund, Inc." has
been changed to "Federated American Leaders Fund, Inc." In addition, the
name of the Fortress Shares has been changed to Class F Shares.
Accordingly, all references to American Leaders Fund, Inc. and Fortress
Shares in the Prospectuses should reflect these changes.
March 29, 1996
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of FEDERATED INVESTORS
Federated Investors Tower
PITTSBURGH, PA 15222-3779
CUSIP 027128107
CUSIP 027128404
CUSIP 027128206
CUSIP 027128305
G00982-4 (3/96)
AMERICAN LEADERS FUND, INC.
Class A Shares
Class B Shares
Class C Shares
Fortress Shares
SUPPLEMENT TO THE COMBINED STATEMENT OF ADDITIONAL INFORMATION DATED MAY
31, 1995
Effective March 31, 1996, the name of "American Leaders Fund, Inc." has
been changed to "Federated American Leaders Fund, Inc." In addition, the
name of the Fortress Shares has been changed to Class F Shares.
Accordingly, all references to American Leaders Fund, Inc. and Fortress
Shares in the combined Statement of Additional Information should reflect
these changes.
March 29, 1996
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of FEDERATED INVESTORS
Federated Investors Tower
PITTSBURGH, PA 15222-3779
CUSIP 027128107
CUSIP 027128404
CUSIP 027128206
CUSIP 027128305
