FEDERATED AMRs FUND
Federated Investors
5800 Corporate Drive
Pittsburgh, Pennsylvania 15237-7000
November 2, 1998
EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest
Washington, DC 20549
RE: FEDERATED ARMs FUND (the "TRUST")
1933 Act File No. 2-98491
1940 Act File No. 811-4539
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, the above-named
Trust hereby certifies that the definitive forms of prospectuses and statement
of additional information dated October 31, 1998, that would have been filed
under Rule 497(c), do not differ from the forms of prospectuses and statement of
additional information contained in the most recent registration statement for
the Trust. This registration statement was electronically filed under 485(b) as
Post-Effective amendment No. 23 on October 29, 1998.
If you have any questions regarding this certification, please call me at
(412) 288-9634.
Very truly yours,
/s/ Nicholas J. Seitanakis
Nicholas J. Seitanakis
Assistant Secretary
