FEDERATED UTILITY FUND, INC.
CLASS A SHARES
CLASS B SHARES
CLASS C SHARES
CLASS F SHARES
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SUPPLEMENT TO PROSPECTUSES DATED APRIL 30, 2000
On page 17 of the prospectus under the section entitled "The Fund's Portfolio
Managers Are" please delete the biographical information of Steven J. Lehman and
Linda A. Duessel and add the following as the as the first, second and third
paragraphs:
JOHN L. NICHOL
John L. Nichol has been the Fund's Portfolio Manager since December 2000. Mr.
Nichol joined Federated in September 2000 as an Assistant Vice President/Senior
Investment Analyst. Mr. Nichol served as a portfolio manager and analyst for the
Public Employees Retirement System of Ohio from 1992 through August 2000. Mr.
Nichol is a Chartered Financial Analyst. He received his M.B.A. with an emphasis
in finance and management and information science from the Ohio State
University.
ADRIAN G. DAVIES
Adrian G. Davies has been the Fund's portfolio manager since December 2000. Mr.
Davies joined Federated in August 1999 as an Investment Analyst and was named a
Senior Investment Analyst/Portfolio Manager in August 2000. Mr. Davies was an
Investment Analyst/Manager with Shenyin Wanguo Securities (H.K.) Ltd. from 1994
through 1997. Mr. Davies is a Chartered Financial Analyst. He completed his
M.B.A. at the University of Virginia in May 1999. Mr. Davies has a B.A. from the
University of California at Berkeley.
RICHARD WINKOWSKI
Richard Winkowski is a portfolio manager for foreign securities and has been the
Fund's Portfolio Manager since December 2000. Mr Winkowski joined Federated as a
Senior Investment Analyst in April 1998. He became an Assistant Vice President
of the Fund's Adviser in July 1999 and became a Vice President of the Fund's
Adviser in July 2000. He served as a Senior Research Analyst with Union Bank of
Switzerland from October 1997 through March 1998. He was employed with American
Express Financial Corp. as a Statistical Analyst from 1994 through January 1995
and then as a Portfolio Manager Assistant until September 1997. Mr. Winkowski
earned his B.A. from the University of Wisconsin.
Richard J. Lazarchic remains as a Portfolio Manager of the Fund's foreign
securities.
Cusip 314286105
Cusip 314286204
Cusip 314286303
Cusip 314286402
26052 (12/00)
December 20, 2000
