FEDERATED COMPLEX FUNDS
SUPPLEMENT TO STATEMENTS OF ADDITIONAL INFORMATION
Please add an asterisk * to the end of J. Christopher Donahue's name, which
appears along with his bio under the section entitled "BOARD OF
DIRECTORS/TRUSTEES."
It should be noted that this asterisk denotes a Director/Trustee who is deemed
to be an interested person as defined in the 1940 Act.
<TABLE>
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FEDERATED COMPLEX FUNDS
<S> <C>
Alabama Municipal Cash Trust Government Obligations Fund
Arizona Municipal Cash Trust Government Obligations Tax-Managed Fund
Automated Cash Management Trust Maryland Municipal Cash Trust
Automated Government Money Trust Massachusetts Municipal Cash Trust
California Municipal Cash Trust Michigan Municipal Cash Trust
Connecticut Municipal Cash Trust Minnesota Municipal Cash Trust
Edward D. Jones & Co. Daily Passport Cash Trust Municipal Obligations Fund
Federated American Leaders Fund New Jersey Municipal Cash Trust
Federated Asia Pacific Growth Fund New York Municipal Cash Trust
Federated Emerging Markets Fund North Carolina Municipal Cash Trust
Federated Equity Funds Ohio Municipal Cash Trust
Federated Global Equity Income Fund Pennsylvania Municipal Cash Trust
Federated Income Securities Trust Prime Obligations Fund
Federated Intl. High Income Fund Prime Cash Obligations Fund
Federated International Series, Inc. Prime Value Obligations Fund
Federated Master Trust Tax-Free Obligations Fund
Federated Municipal Securities Fund, Inc. Tennessee Municipal Cash Trust
Federated New York Municipal Income Fund Treasury Obligations Fund
Federated North Carolina Municipal Income Fund Trust for Government Cash Reserves
Federated Ohio Municipal Income Fund Trust for Short-Term U.S. Government Securities
Federated Stock & Bond Fund, Inc. Trust for U.S. Treasury Obligations
Federated Tax-Free Trust Liberty U.S. Government Money Market Trust
Federated U.S. Govt. Securities Fund: 2-5 Years Money Market Management
Federated Utility Fund, Inc. Money Market Trust
Florida Municipal Cash Trust Virginia Municipal Cash Trust
Georgia Municipal Cash Trust
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August 15, 2000
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Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
www.federatedinvestors.com
25724 (08/00)
