CONNECTICUT MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Institutional Service Shares
Supplement to Prospectus dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved a change to the
Fund's fundamental policy of investing in restricted securities. The policy is
now non-fundamental and allows the Fund to invest, without limitation, in
restricted securities which meet the Board of Trustees' guidelines for
liquidity. Therefore, the Fund's policy on restricted securities is as follows:
"The Fund may invest in restricted securities. Restricted securities
are any securities in which the Fund may invest pursuant to its
investment objective and policies but which are subject to
restrictions on resale under federal securities law. Under criteria
established by the Trustees, certain restricted securities are
determined to be liquid. To the extent that restricted securities
are not determined to be liquid the Fund will limit their purchase,
together with other illiquid securities, to 10% of its net assets."
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229105
G00189-02 (4/98)
CONNECTICUT MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Institutional Service Shares
Supplement to Statement of Additional Information dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved the following:
Amend the policy on diversification of investments by removing any specific
restrictions and limitations regarding diversification so that the Fund will
be operated in accordance with Rule 2a-7; and
Change the Fund's fundamental policy of investing in restricted securities
to a non-fundamental policy allowing the Fund to invest, without limitation,
in restricted securities which meet the Board of Trustees' guidelines for
liquidity.
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229105
G00189-03 (4/98)
MASSACHUSETTS MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Boston 1784 Funds Shares
Institutional Service Shares
Supplement to Prospectuses dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved a change to the
Fund's fundamental policy of investing in restricted securities. The policy is
now non-fundamental and allows the Fund to invest, without limitation, in
restricted securities which meet the Board of Trustees' guidelines for
liquidity. Therefore, the Fund's policy on restricted securities is as follows:
"The Fund may invest in restricted securities. Restricted securities
are any securities in which the Fund may invest pursuant to its
investment objective and policies but which are subject to
restrictions on resale under federal securities law. Under criteria
established by the Trustees, certain restricted securities are
determined to be liquid. To the extent that restricted securities
are not determined to be liquid the Fund will limit their purchase,
together with other illiquid securities, to 10% of its net assets."
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229832
Cusip 314229303
G00194-05 (4/98)
MASSACHUSETTS MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Boston 1784 Funds Shares
Institutional Service Shares
Supplement to Statements of Additional Information dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved the following:
Amend the policy on diversification of investments by removing any specific
restrictions and limitations regarding diversification so that the Fund will
be operated in accordance with Rule 2a-7; and
Change the Fund's fundamental policy of investing in restricted securities
to a non-fundamental policy allowing the Fund to invest, without limitation,
in restricted securities which meet the Board of Trustees' guidelines for
liquidity.
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229832
Cusip 314229303
G00194-06 (4/98)
PENNSYLVANIA MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Cash Series Shares
Institutional Shares
Institutional Service Shares
Supplement to Prospectuses dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved a change to the
Fund's fundamental policy of investing in restricted securities. The policy is
now non-fundamental and allows the Fund to invest, without limitation, in
restricted securities which meet the Board of Trustee's guidelines for
liquidity. Therefore, the Fund's policy on restricted securities is as follows:
"The Fund may invest in restricted securities. Restricted
securities are any securities in which the Fund may invest pursuant
to its investment objective and policies but which are subject to
restrictions on resale under federal securities law. Under criteria
established by the Trustees, certain restricted securities are
determined to be liquid. To the extent that restricted securities
are not determined to be liquid the Fund will limit their purchase,
together with other illiquid securities, to 10% of its net assets."
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229881
Cusip314229717
Cusip 314229204
G00215-08 (4/98)
PENNSYLVANIA MUNICIPAL CASH TRUST
(A Portfolio of Federated Municipal Trust)
Cash Series Shares
Institutional Shares
Institutional Service Shares
Supplement to Statement of Additional Information dated December 31, 1997
At the April 23, 1998 shareholder meeting, shareholders approved the following:
Amend the policy on diversification of investments by removing any specific
restrictions and limitations regarding diversification so that the Fund will
be operated in accordance with Rule 2a-7;
Change the Fund's fundamental policy of investing in restricted securities
to a non-fundamental policy allowing the Fund to invest, without limitation,
in restricted securities which meet the Board of Trustees' guidelines for
liquidity; and
Remove the Fund's policy on portfolio trading.
April 30, 1998
Federated Investors
Federated Securities Corp., Distributor
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
1-800-341-7400
www.federatedinvestors.com
Cusip 314229881
Cusip 314229717
Cusip 314229204
G00215-09 (4/98)
