% Crop Marks
.5 setlinewidth
/markl 9 def
/whitel 4 def
/top 72 def
/bottom 122 def
/left 45 def
/right 45 def
%horizontals
left markl sub whitel sub wp$y wp$top sub moveto markl 0 rlineto
wp$x right sub left sub whitel 2 mul add 0 rmoveto markl 0 rlineto
left markl sub whitel sub bottom moveto markl 0 rlineto
wp$x right sub left sub whitel 2 mul add 0 rmoveto markl 0 rlineto
%verticals
left bottom markl sub whitel sub moveto 0 markl rlineto
0 wp$y wp$top sub bottom sub whitel 2 mul add rmoveto 0 markl rlineto
wp$x right sub bottom markl sub whitel sub moveto 0 markl rlineto
0 wp$y wp$top sub bottom sub whitel 2 mul add rmoveto 0 markl rlineto
stroke
FEDERATED GROWTH TRUST
Supplement to Prospectus dated December 31, 1994
1. Under the section entitled "Adviser's Background" on page 7, please
delete the second, third and forth paragraphs and replace them with the
following information:
"Peter R. Anderson has been the Trust's senior portfolio manager since
August , 1994. Mr. Anderso
n joined Federated Investors in 1972 as, and is presently, a
Senior Vice President of the Trust's investment adviser. Mr.
Anderson is a Chartered Financial Analyst and received his
M.B.A. in Finance from the University of Wisconsin.
James E. Grefenstette has been the Trust's co-portfolio manager
since December, 1994. Mr. Grefenstette joined Federated
Investors in 1992 and has been an Assistant Vice President of
the Trust's investment adviser since October, 1994. Mr.
Grefenstette served as an investment analyst of the Adviser from
1992 to 1994. Mr. Grefenstette was a credit analyst at
Westinghouse Credit Corp. from 1990 until 1992, and served as a
bond trader and an Investment Officer at Pittsburgh National
Bank from 1987 until 1990. Mr. Grefenstette is a Chartered
Financial Analyst and received his M.S.I.A. in Finance from
Carnegie Mellon University."
January 30, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
314190109
G00590-02(1/95)
