FEDERATED U S GOVERNMENT SECURITIES FUND 1-3 YEARS, 497, 1997-10-30

FEDERATED U S GOVERNMENT SECURITIES FUND 1-3 YEARS
497, 1997-10-30

Previous: NUVEEN TAX EXEMPT UNIT TRUST STATE SERIES 127, 24F-2NT, 1997-10-30

Next: FEDERATED U S GOVERNMENT SECURITIES FUND 1-3 YEARS, NSAR-A, 1997-10-30






FEDERATED U.S. GOVERNMENT SECURITIES FUND: 1-3 YEARS

Institutional Shares
Institutional Service Shares
Supplement to Prospectuses dated April 30, 1997

[GRAPHIC OMITTED]

        Cusip 31428M100
        Cusip 31428M209
        G01516-03 (10/97)
[GRAPHIC OMITTED]

In the sub-section entitled "Adviser's Background," which begins on page 5 of
the respective prospectuses, please delete the fifth paragraph and replace it
with the following:

     "Robert J. Ostrowski has been the Trust's  portfolio  manager since October
     1997. Mr. Ostrowski  joined Federated in 1987 as an Investment  Analyst and
     has been a Senior Vice  President of the Trust's  adviser  since  September
     1997. Mr.  Ostrowski  served as Vice President of the Trust's  adviser from
     1993 to 1997,  and as an Assistant  Vice  President  from 1992 to 1993.  Mr
     Ostrowski  is a  Chartered  Financial  Analyst.  He  received  his M.S.  in
     Industrial Administration from Carnegie Mellon University."



                                October 30, 1997