MONEY MARKET OBLIGATIONS TRUST /NEW/
DEFA14A, 1995-03-03
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                                 Erratum
                                    
                        TAX-FREE OBLIGATIONS FUND
             (A portfolio of Money Market Obligations Trust)
                                    
                             PROXY STATEMENT

      The Proxy Statement Dated February 21, 1995 should be amended in
the following places:

      The first sentence of the second paragraph on page 2 should be
replaced with the following sentence:

      "On February 6, 1995 the Fund had outstanding 1,174,110,071.2
shares of beneficial interest, each whole share being entitled to one
vote and fractional shares being entitled to fractional votes."

      The second paragraph on page 5 should be replaced with the
following paragraph:

      "The following list indicates the beneficial ownership of
shareholders who, to the best knowledge of the Fund, are the beneficial
owners of more than 5% of the outstanding shares of the Fund as of
February 6, 1995:  Boatmen's Trust Company, St. Louis, MO, owned
80,586,426.54 Institutional Shares (7.94%); First Union National Bank,
Charlotte, NC, owned 161,427,178 Institutional Shares (15.91%);  Var &
Co., St. Paul, MN, owned 215,820,235 Institutional Shares (21.27%);
Trustman/Trust Company Bank, Atlanta, GA, owned 73,721,643 Institutional
Shares (7.26%);Putnam Trust Company, Greenwich, CT owned 27,130,700
Institutional Service Shares (17.03%);NAIDOT & Co., Woodbridge, NJ,
owned 82,187,400 Institutional Service Shares (51.60%); and Morand &
Company - American National Bank & Trust, Chicago, IL owned
30,807,935.03 Institutional Service Shares (19.34%); Stockyards Bank &
Trust, Louisville, KY owned 11,563,609.98 Institutional Service Shares
(7.26%)."


                                                          March 1,  1995



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