FEDERATED MUNICIPAL TRUST
497, 1995-06-09
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MICHIGAN MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
SUPPLEMENT TO PROSPECTUS DATED JUNE 15, 1995 FOR INVESTORS IN THE STATE OF
OHIO

      Ohio Administrative Code 1301: 6 - 3 - 09 (E) (12) prohibits an
      investment company from investing more than fifteen percent of its
      total assets in restricted securities.  Ohio Administrative Code 1301:
      6 - 3 - 09 (F) permits an investment company to exceed this fifteen
      percent limit provided that the investment company informs investors
      of its intentions.

      The purpose of this supplement is to inform Ohio investors that the
      Fund, through its investment in certain securities determined by the
      Fund's Board of Trustees to be liquid, may exceed the fifteen percent
      limitation established by the State of Ohio with respect to restricted
      securities.

                                                               June 15, 1995


    FEDERATED SECURITIES CORP.

    Distributor
    A subsidiary of Federated Investors
    Federated Investors Tower
    Pittsburgh, PA  15222-3779
    314229725
    G01213-01 (6/95)
                                                                            



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