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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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012 A000401 FEDERATED SERVICES COMPANY
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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012 A000601 FEDERATED SERVICES COMPANY
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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012 A000801 FEDERATED SERVICES COMPANY
012 B000801 84-1869
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015 A000801 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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012 B000901 84-1869
012 C010901 PITTSBURGH
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015 A000901 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 48
015 E010906 X
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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012 A001001 FEDERATED SERVICES COMPANY
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015 A001001 STATE STREET BANK AND TRUST CO.
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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012 A001101 FEDERATED SERVICES COMPANY
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
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<PAGE> PAGE 62
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012 A001201 FEDERATED SERVICES COMPANY
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012 C021201 PA
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012 C041201 3779
015 A001201 U.S. TRUST CO.
015 B001201 S
015 C011201 NEW YORK
015 C021201 NY
015 C031201 10036
015 E011201 X
015 A001202 BANK OF NEW YORK
015 B001202 S
015 C011202 NEW YORK
015 C021202 NY
015 C031202 10006
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015 A001203 CHEMICAL BANK & TRUST CO.
015 B001203 S
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015 A001204 PNC BANK, NA
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015 C021204 PA
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015 A001205 MORGAN GUARANTY BANK & TRUST CO.
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<PAGE> PAGE 63
015 C031206 10015
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015 A001207 NATIONSBANK OF NORTH CAROLINA
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015 B001208 S
015 C011208 RICHMOND
015 C021208 VA
015 C031208 23261
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028 A011200 8054
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<PAGE> PAGE 64
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<PAGE> PAGE 65
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<PAGE> PAGE 66
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<PAGE> PAGE 67
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015 A001301 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 68
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<PAGE> PAGE 69
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<PAGE> PAGE 70
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<PAGE> PAGE 71
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
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<NAME> Fed Muni Trust - ALABAMA MUNICIPAL CASH TRUST
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 4
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> MASS. MUNI CASH TRUST-BAYFUNDS SHARES
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> MASS. MUNI CASH TRUST-INST. SERVICE SHARES
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<NAME>Fed. Muni. Trust-MARYLAND MUNICIPAL CASH TRUST
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<NUMBER> 9
<NAME>MINNESOTA MUNI CASH TRUST-CASH SERIES SHARES
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<NAME>Fed Muni Trust--MINNESOTA MUNI CASH TRUST-INST SHARES
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<NAME>Fed. Muni Trust--NORTH CAROLINA MUNICIPAL CASH TRUST
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<NAME> NEW JERSEY MUNI CASH TRUST-INST SHARES
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<NAME> NEW JERSEY MUNI CASH TRUST-INST SERV SHARES
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<NUMBER> 14
<NAME> NEW YORK MUNCIPAL CASH TRUST-CASH II SH
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