FEDERATED INTERNATIONAL INCOME FUND
(A Portfolio of Federated International Series, Inc.)
CLASS A SHARES
CLASS B SHARES
CLASS C SHARES
SUPPLEMENT TO PROSPECTUS DATED MARCH 31, 2000
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The following was approved at the Fund's September 18, 2000, Special
Meeting of shareholders:
CHANGING THE FUND'S FUNDAMENTAL INVESTMENT OBJECTIVE FROM SEEKING A HIGH
LEVEL OF CURRENT INCOME IN U.S. DOLLARS CONSISTENT WITH PRUDENT INVESTMENT
RISK, AND SECONDARILY, CAPITAL APPRECIATION, TO OBTAINING A TOTAL RETURN
ON ITS ASSETS.
In order to reflect this change to the Fund's investment objective, the
Fund has changed its name to "Federated International Bond Fund."
September 18, 2000
[Graphic]
Federated International Income Fund
Federated Investors Funds
5800 Corporate Drive
Pittsburgh, PA 15222-7000
1-800-341-7400
WWW.FEDERATEDINVESTORS.COM
Federated Securities Corp., Distributor
Cusip 31420G408
Cusip 31420G507
Cusip 31420G606
25804 (9/00)
