CASH TRUST SERIES, INC.
GOVERNMENT CASH SERIES
MUNICIPAL CASH SERIES
PRIME CASH SERIES
TREASURY CASH SERIES
SUPPLEMENT TO PROSPECTUS DATED SEPTEMBER 30, 1998
At a Special Meeting of Shareholders to be held on June 30, 1999, shareholders
of the Funds will be asked to vote on the changes described below. If approved
by shareholders, these changes will take effect as of July 1, 1999. Shareholders
will be notified if any of these changes are not approved. Please keep this
supplement for your records.
Shareholders will be asked to consider the following proposals:
(1) To elect three Directors.
(2) To ratify the selection of the Company's independent auditors.
(3) To make changes to the Funds' fundamental investment policies:
(a) To amend the Funds' fundamental investment policy regarding
diversification (Government Cash Series and Treasury Cash Series
only);
(b) To amend the Funds' fundamental investment policy regarding
borrowing money and issuing senior securities;
(c) To amend the Funds' fundamental investment policies regarding
investments in real estate (Government Cash Series, Municipal
Cash Series and Prime Cash Series only);
(d) To amend the Funds' fundamental investment policy regarding
investments in commodities;
(e) To amend the Funds' fundamental investment policies regarding
underwriting securities;
(f) To amend the Funds' fundamental investment policies regarding
lending by the Funds;
(g) To amend the Funds' fundamental investment policies regarding
concentration of the Funds' investments in the securities of
companies in the same industry;
(h) To amend, and to make non-fundamental, the Funds' fundamental
investment policy regarding buying securities on margin;
(i) To amend, and to make non-fundamental, the Funds' fundamental
investment policy regarding pledging assets; and
(j) To make non-fundamental the Fund's fundamental investment policy
on investing in restricted securities (Treasury Cash Series
only).
(4) To eliminate the Funds' fundamental investment policy on selling
securities short.
(5) To approve amendments to the Company's Articles of Incorporation to
permit the Board of Directors to liquidate assets of a series or class
without seeking shareholder approval to the extent permitted under
Maryland law.
April 19, 1999
Cusip 147551204
147551303
147551105
147551402
G02613-02 (4/99)
