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MONEY MARKET MANAGEMENT, INC.
Supplement to Prospectus Dated February 28, 1999
At a special meeting of shareholders to be held on November 30,
1999, shareholders of the above-named Fund will be asked to vote
on the changes described below. If approved by shareholders, these
changes will take effect on or after December 1, 1999.
Shareholders will be notified if any of these changes are not
approved at the special meeting or any adjournment thereof. Please
keep this supplement for your records.
Shareholders will be asked to consider the following proposals:
(1) To elect three Directors.
(2) To approve an amendment to, and a restatement of, the
Fund's Articles of Incorporation to permit the Board
to liquidate assets of the Fund, its series or
classes, and distribute the proceeds of such assets
to the holders of such shares representing such
interests, without seeking shareholder approval, to
the extent permitted under Maryland law.
(3) To approve a proposed Agreement and Plan of
Reorganization between the Fund and Money Market
Obligations Trust, on behalf of its series, Money
Market Management (the "New Fund"), whereby the New
Fund would acquire all of the assets of the Fund in
exchange for shares of the New Fund to be distributed
pro rata by the Fund to its shareholders in complete
liquidation and termination of the Fund.
October 12, 1999
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Cusip 09346200
