SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ X ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or
Sec. 240.14a-12
Money Market Obligations Trust.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[ X ] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1. Title of each class of securities to which transaction applies:
2. Aggregate number of securities to which transaction applies:
3. Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
4. Proposed maximum aggregate value of transaction:
5. Total fee paid:
[ ] Fee paid previously with preliminary proxy materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
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2) Form, Schedule or Registration Statement No.:
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3) Filing Party:
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4) Date Filed:
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PROXY STATEMENT
MONEY MARKET OBLIGATIONS TRUST
Government Obligations Fund
Government Obligations Tax-Managed Fund
Prime Obligations Fund
Tax-Free Obligations Fund
Treasury Obligations Fund
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD APRIL 23, 1998
A special meeting of the shareholders of Government Obligations Fund,
Government Obligations Tax-Managed Fund, Prime Obligations Fund, Tax-Free
Obligations Fund, and Treasury Obligations Fund (individually, the "Fund" and
collectively, the "Funds" as the context requires), portfolios of Money Market
Obligations Trust (the "Trust") will be held at Federated Investors Tower, 1001
Liberty Avenue, Pittsburgh, Pennsylvania 15222-3779, at 2:00 p.m. (Eastern
time), on April 23, 1998, for the following purposes:
(1) To elect four Trustees; and
(2) To transact such other business as may properly come before the
meeting or any adjournment thereof.
The Board of Trustees has fixed February 24, 1998, as the record date for
determination of shareholders entitled to vote at the meeting.
By Order of the Trustees
John W. McGonigle
Secretary
March 9, 1998
SIGN, DATE AND RETURN THE ENCLOSED PROXY PROMPTLY TO AVOID ADDITIONAL EXPENSE.
YOU CAN HELP THE TRUST AVOID THE NECESSITY AND EXPENSE OF SENDING
FOLLOW-UP LETTERS TO ENSURE A QUORUM BY PROMPTLY RETURNING THE
ENCLOSED PROXY. IF YOU ARE UNABLE TO ATTEND THE MEETING, PLEASE
MARK, SIGN, DATE AND RETURN THE ENCLOSED PROXY SO THAT THE NECESSARY
QUORUM MAY BE REPRESENTED AT THE SPECIAL MEETING. THE ENCLOSED
ENVELOPE REQUIRES NO POSTAGE IF MAILED IN THE UNITED STATES.
<PAGE>
20
MONEY MARKET OBLIGATIONS TRUST
Government Obligations Fund
Government Obligations Tax-Managed Fund
Prime Obligations Fund
Tax-Free Obligations Fund
Treasury Obligations Fund
Federated Investors Funds
5800 Corporate Drive
Pittsburgh, PA 15237-7000
About the Proxy Solicitation and the Special Meeting
The enclosed proxy is solicited on behalf of the Board of Trustees of the Trust
(the "Board" or "Trustees"). The proxies will be voted at the special meeting of
shareholders of the Funds to be held on April 23, 1998, at Federated Investors
Tower, 19th Floor, 1001 Liberty Avenue, Pittsburgh, Pennsylvania 15222-3779, at
2:00 p.m. (such special meeting and any adjournment or postponement thereof are
referred to as the "Special Meeting").
The cost of the solicitation, including the printing and mailing of proxy
materials, will be borne by Trust In addition to solicitations through the
mails, proxies may be solicited by officers, employees, and agents of the Trust
or, if necessary, a communications firm retained for this purpose. Such
solicitations may be by telephone, telegraph, or otherwise. Any telephonic
solicitations will follow procedures designed to ensure accuracy and prevent
fraud, including requiring identifying shareholder information, recording the
shareholder's instructions, and confirming to the shareholder after the fact.
Shareholders who communicate proxies by telephone or by other electronic means
have the same power and authority to issue, revoke, or otherwise change their
voting instruction as currently exists for instructions communicated in written
form. The Trust will reimburse custodians, nominees, and fiduciaries for the
reasonable costs incurred by them in connection with forwarding solicitation
materials to be beneficial owners of shares held of record by such persons.
The purpose of the Special Meeting is set forth in the accompanying Notice. The
Trustees know of no business other than that mentioned in the Notice that will
be presented for consideration at the Special Meeting. Should other business
properly be brought before the Special Meeting, proxies will be voted in
accordance with the best judgment of the persons named as proxies. This proxy
statement and the enclosed proxy card are expected to be mailed on or about
March 9, 1998, to shareholders of record at the close of business on February
24, 1998 (the "Record Date").
<PAGE>
On the Record Date, the Funds had outstanding shares of beneficial interest as
follows:
Government Obligations Fund
Institutional Shares 3,460,600,126.492
Institutional Service Shares 1,357,683,053.460
Government Obligations Tax-Managed Fund
Institutional Shares 845,008,515.640
Institutional Service Shares 806,985,061.570
Prime Obligations Fund
Institutional Shares 4,396,551,220.760
Institutional Service Shares 3,195,192,379.096
Tax-Free Obligations Fund
Institutional Shares 1,622,021,151.420
Institutional Service Shares 801,145,086.320
Treasury Obligations Fund
Institutional Shares 5,217,201,783.190
Institutional Service Shares 4,807,321,056.240
Institutional Capital Shares 49,321,807.030
The Funds' annual prospectuses, which include audited financial statements
for the fiscal year ended July 31, 1997, were previously mailed to shareholders.
Requests for semi-annual reports, which contain unaudited financial statements
for the period ended January 31, 1998, may be made in writing to the Trust's
principal executive offices located at Federated Investors Funds, 5800 Corporate
Drive, Pittsburgh, Pennsylvania 15237-7000 or by calling toll-free
1-800-341-7400 after March 31, 1998.
ELECTION OF FOUR TRUSTEES
The persons named as proxies intend to vote in favor of the election of
Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and John E. Murray, Jr.
as Trustees of the Trust. All of the nominees are presently serving as Trustees.
Please see "Information about the Trust" for current biographical information
about Messrs. Bigley, Conroy, Madden, and Murray.
Messrs. Conroy and Madden were appointed Trustees on August 21, 1991, to
fill vacancies created by the resignation of Mr. Joseph Maloney and the decision
to expand the size of the Board. Messrs. Bigley and Murray were appointed
Trustees on November 15, 1994 and February 14, 1995, respectively, also to fill
vacancies resulting from the decision to expand the size of the Board.
All Nominees have consented to continue to serve if elected. If elected,
the Trustees will hold office without limit in time until death, resignation,
retirement, or removal or until the next meeting of shareholders to elect
Trustees and the election and qualification of their successors. If any nominee
for election as a Trustee named above shall, by reason of death or for any other
reason, become unavailable as a candidate at the Special Meeting, votes pursuant
to the enclosed proxy will be cast for a substitute candidate by the proxies
named on the proxy card, or their substitutes, present and acting at the Special
Meeting. Any such substitute candidate for election as an interested Trustee
shall be nominated by the Executive Committee. The selection of any substitute
candidate for election as a Trustee who is not an interested person shall be
made by a majority of the Trustees who are not interested persons of the Trust.
The Board has no reason to believe that any nominee will become unavailable for
election as a Trustee.
About the Election of Trustees
When elected, the Trustees will hold office during the lifetime of the
Trust except that: (a) any Trustee may resign; (b) any Trustee may be removed by
written instrument signed by at least two-thirds of the number of Trustees prior
to such removal; (c) any Trustee who requests to be retired or who has become
mentally or physically incapacitated may be retired by written instrument signed
by a majority of the other Trustees; and (d) a Trustee may be removed at any
special meeting of the shareholders by a vote of two-thirds of the outstanding
shares of the Trust. In case a vacancy shall exist for any reason, the remaining
Trustees will fill such vacancy by appointment of another Trustee. The Trustees
will not fill any vacancy by appointment if, immediately after filling such
vacancy, less than two-thirds of the Trustees then holding office would have
been elected by the shareholders. If, at any time, less than a majority of the
Trustees holding office have been elected by the shareholders, the Trustees then
in office will call a shareholders' meeting for the purpose of electing Trustees
to fill vacancies. Otherwise, there will normally be no meeting of shareholders
called for the purpose of electing Trustees.
Trustees standing for election and Trustees previously elected are listed
below with their addresses, birthdates, present positions with the Trust, and
principal occupations during the past five years. The companies or organizations
related to the principal occupations of the Trustees standing for election are
not affiliated with the Trust.
Trustees Standing for Election
Thomas G. Bigley
15 Old Timber Trail
Pittsburgh, PA
Birthdate: February 3, 1934
Trustee
Chairman of the Board, Children's Hospital of Pittsburgh; formerly, Senior
Partner, Ernst & Young LLP; Director, MED 3000 Group, Inc.; Director, Member of
Executive Committee, University of Pittsburgh; Director or Trustee of the Funds.
John T. Conroy, Jr.
Wood/IPC Commercial Department
John R. Wood and Associates, Inc., Realtors
3255 Tamiami Trail North
Naples, FL
Birthdate: June 23, 1937
Trustee
President, Investment Properties Corporation; Senior Vice-President, John R.
Wood and Associates, Inc., Realtors; Partner or Trustee in private real estate
ventures in Southwest Florida; formerly, President, Naples Property Management,
Inc. and Northgate Village Development Corporation; Director or Trustee of the
Funds.
Peter E. Madden
One Royal Palm Way
100 Royal Palm Way
Palm Beach, FL
Birthdate: March 16, 1942
Trustee
Consultant; Former State Representative, Commonwealth of Massachusetts;
formerly, President, State Street Bank and Trust Company and State Street Boston
Corporation; Director or Trustee of the Funds.
<PAGE>
John E. Murray, Jr., J.D., S.J.D.
President, Duquesne University
Pittsburgh, PA
Birthdate: December 20, 1932
Trustee
President, Law Professor, Duquesne University; Consulting Partner, Mollica &
Murray; Director or Trustee of the Funds.
Previously Elected Trustees
John F. Donahue#*
Federated Investors Tower
Pittsburgh, PA
Birthdate: July 28, 1924
Chairman and Trustee
Chairman and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; Chairman and Director, Federated Research
Corp. and Federated Global Research Corp.; Chairman, Passport Research, Ltd.;
Chief Executive Officer and Director or Trustee of the Funds. Mr. Donahue is the
father of J. Christopher Donahue, Executive Vice President of the Company.
William J. Copeland
One PNC Plaza - 23rd Floor
Pittsburgh, PA
Birthdate: July 4, 1918
Trustee
Director and Member of the Executive Committee, Michael Baker, Inc.; formerly,
Vice Chairman and Director, PNC Bank, N.A., and PNC Bank Corp.; Director, Ryan
Homes, Inc.; Director or Trustee of the Funds.
J. Christopher Donahue*
Federated Investors Tower
Pittsburgh, PA
Birthdate: April 11, 1949
President and Trustee
President and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; President and Director, Federated Research
Corp. and Federated Global Research Corp.; President, Passport Research, Ltd.;
Trustee, Federated Shareholder Services Company and Federated Shareholder
Services; Director, Federated Services Company; President or Executive Vice
President of the Funds; Director or Trustee of some of the Funds. Mr. Donahue is
the son of John F. Donahue, Chairman and Trustee of the Company.
<PAGE>
James E. Dowd
571 Hayward Mill Road
Concord, MA
Birthdate: May 18, 1922
Trustee
Attorney-at-law; Director, The Emerging Germany Fund, Inc.; Director or Trustee
of the Funds.
Lawrence D. Ellis, M.D.*
3471 Fifth Avenue, Suite 1111
Pittsburgh, PA
Birthdate: October 11, 1932
Trustee
Professor of Medicine, University of Pittsburgh; Medical Director, University of
Pittsburgh Medical Center--Downtown; Member, Board of Directors, University of
Pittsburgh Medical Center; formerly, Hematologist, Oncologist, and Internist,
Presbyterian and Montefiore Hospitals; Director or Trustee of the Funds.
Edward L. Flaherty, Jr.#
Miller, Ament, Henny & Kochuba
205 Ross Street
Pittsburgh, PA
Birthdate: June 18, 1924
Trustee
Attorney of Counsel, Miller, Ament, Henny & Kochuba; Director, Eat'N Park
Restaurants, Inc.; formerly, Counsel, Horizon Financial, F.A., Western Region;
Director or Trustee of the Funds.
Wesley W. Posvar
1202 Cathedral of Learning
University of Pittsburgh
Pittsburgh, PA
Birthdate: September 14, 1925
Trustee
Professor, International Politics; Management Consultant; Trustee, Carnegie
Endowment for International Peace, RAND Corporation, Online Computer Library
Center, Inc., National Defense University and U.S. Space Foundation; President
Emeritus, University of Pittsburgh; Founding Chairman, National Advisory Council
for Environmental Policy and Technology, Federal Emergency Management Advisory
Board and Czech Management Center, Prague; Director or Trustee of the Funds.
<PAGE>
Marjorie P. Smuts
4905 Bayard Street
Pittsburgh, PA
Birthdate: June 21, 1935
Trustee
Public Relations/Marketing/Conference Planning; Director or Trustee of the
Funds.
* This Trustee is deemed to be an "interested person" as defined in the 1940
Act.
# Member of the Executive Committee. The Executive Committee of the Board of
Trustees handles the responsibilities of the Board between meetings of the
Board.
As referred to in the preceding table, "The Funds" or "Funds" includes the
following investment companies: 111 Corcoran Funds; Automated Government Money
Trust; Blanchard Funds; Blanchard Precious Metals Fund, Inc.; Cash Trust Series
II; Cash Trust Series, Inc.; DG Investor Series; Edward D. Jones & Co. Daily
Passport Cash Trust; Federated Adjustable Rate U.S. Government Fund, Inc.;
Federated American Leaders Fund, Inc.; Federated ARMs Fund; Federated Core
Trust; Federated Equity Funds; Federated Equity Income Fund, Inc.; Federated
Fund for U.S. Government Securities, Inc.; Federated GNMA Trust; Federated
Government Income Securities, Inc.; Federated Government Trust; Federated High
Income Bond Fund, Inc.; Federated High Yield Trust; Federated Income Securities
Trust; Federated Income Trust; Federated Index Trust; Federated Institutional
Trust; Federated Insurance Series; Federated Investment Portfolios; Federated
Investment Trust; Federated Master Trust; Federated Municipal Opportunities
Fund, Inc.; Federated Municipal Securities Fund, Inc.; Federated Municipal
Trust; Federated Short-Term Municipal Trust; Federated Short-Term U.S.
Government Trust; Federated Stock and Bond Fund, Inc.; Federated Stock Trust;
Federated Tax-Free Trust; Federated Total Return Series, Inc.; Federated U.S.
Government Bond Fund; Federated U.S. Government Securities Fund: 1-3 Years;
Federated U.S. Government Securities Fund: 2-5 Years; Federated U.S. Government
Securities Fund: 5-10 Years; Federated Utility Fund, Inc.; First Priority Funds;
Fixed Income Securities, Inc.; High Yield Cash Trust; Intermediate Municipal
Trust; International Series, Inc.; Investment Series Funds, Inc.; Investment
Series Trust; Liberty Term Trust, Inc. - 1999; Liberty U.S. Government Money
Market Trust; Liquid Cash Trust; Managed Series Trust; Money Market Management,
Inc.; Money Market Obligations Trust; Money Market Obligations Trust II; Money
Market Trust; Municipal Securities Income Trust; Newpoint Funds; RIMCO Monument
Funds; Targeted Duration Trust; Tax-Free Instruments Trust; The Planters Funds;
The Virtus Funds; Trust for Financial Institutions; Trust for Government Cash
Reserves; Trust for Short-Term U.S. Government Securities; Trust for U.S.
Treasury Obligations; WCT Funds; WesMark Funds; and World Investment Series,
Inc.
Share Ownership of the Fund
Officers and Trustees own less than 1% of the Trust's outstanding shares.
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Institutional Service
Shares of Government Obligations Fund: Fleet Securities Corporation, Rochester,
New York, owned approximately 219,774,191.16 (6.35%) and Mertru and Company,
Muncie, Indiana, owned approximately 195,636,693.49 shares (5.65%). The
following persons owned, to the knowledge of management, more than 5% of the
outstanding Institutional Shares of Government Obligations Fund: County of San
Bernadino, San Bernadino, California, owned approximately 140,000,000 shares
(10.31%); and Lane & Co. owned approximately 94,091,812.46 shares (6.93%).
<PAGE>
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Institutional Service
Shares of Government Obligations Tax-Managed Fund: Willou & Co., Greenville,
South Carolina, owned approximately 109,953,629.65 shares (13.63%); Citizens
Bank of Rhode Island, Providence , Rhode Island, owned approximately
90,211,788.08 shares (11.18%); Currier & Co, Salem, Massachusetts, owned
approximately 64,818,937.74 shares (8.03%); and Perry Baker & Co, Westerly,
Rhode Island, owned approximately 61,857,162.38 shares (7.67%). The following
persons owned, to the knowledge of management, more than 5% of the outstanding
Institutional Shares of Government Obligations Tax-Managed Fund: Scaup & Co,
Boston, Massachusetts, owned approximately 106,990,136.77 shares (12.66%); Chase
Manhattan Bank, New York, New York, owned approximately 89,855,553 shares
(10.63%); Santa Monica Bank, Santa Monica, California owned approximately
79,707,983.81 shares (9.43%); BDG & Co, Boston, Massachusetts, owned
approximately 73,788,375 shares (8.73%);.and PANABCO, Newark, Ohio owned
approximately 42,507,415.40 shares (5.03%).
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Institutional Service
Shares of Prime Obligations Fund: Morand & Company, Chicago, Illinois, owned
approximately 651,934,854.50 shares (20.40%); LABA & Co, Chicago, Illinois,
owned approximately 549,051,546 shares (17.18%); VAR & Co, St. Paul, Minnesota,
owned approximately 330,754,532 shares (10.35%); and Peoples Bank, Bridgeport,
Connecticut, owned approximately 200,685,767 shares (6.28%). The following
persons owned, to the knowledge of management, more than 5% of the outstanding
Institutional Shares of Prime Obligations Fund: VAR & Co, St. Paul, Minnesota,
owned approximately 398,784,727 shares (9.07%); and Star Bank, Cincinnati, Ohio
owned approximately 223,970,451.32 shares (5.09%).
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Institutional Service
Shares of Tax-Free Obligations Fund: Naidot & Co, Woodbridge, New Jersey, owned
approximately 201,790,100 shares (25.19%); Kaw & Co, Charleston, West Virginia,
owned approximately 53,230,340 shares (6.64%); Morand & Company, Chicago,
Illinois, owned approximately 50,321,207.37 shares (6.28%); FM Co., Zeeland,
Michigan, owned approximately 46,417,735.62 shares (5.79%); and Danco, Fort
Wayne, Indiana, owned approximately 40,811,893.15 shares (5.09%). The following
persons owned, to the knowledge of management, more than 5% of the outstanding
Institutional Shares of Tax-Free Obligations Fund: Wachovia Bank of North
Carolina, Winston-Salem, North Carolina, owned approximately 195,475,916.55
shares (12.05%); VAR & Co, St. Paul, Minnesota, owned approximately 148,550,117
shares (9.16%); Maril & Co., Milwaukee, Wisconsin, owned approximately
109,711,091.63 shares (6.76%); Fleet Securities Corp., Rochester, New York,,
owned approximately 94,969,666.38 shares (5.86%); and The Chase Manhattan Bank,
NA, New York, New York, owned approximately 90,082,729 shares (5.55%).
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Institutional Service
Shares of Treasury Obligations Fund: American Online, Dulles, Virginia, owned
approximately 447,683,890.37 shares (9.31%); Morand & Co., Chicago, Illinois,
owned approximately 384,715,943.64 shares (8.00%); The Chase Manhattan Bank, New
York, New York, owned approximately 312,574,478 shares (6.50%); District of
Columbia Corrections, Washington, D.C., owned approximately 303,958,908.42
shares (6.32%); and SUNTRUST Bank, Atlanta, Georgia, owned approximately
290,247,213.77 shares (6.04%). The following persons owned, to the knowledge of
management, more than 5% of the outstanding Institutional Shares of Treasury
Obligations Fund: State Street Bank and Trust Company, North Quincy,
Massachusetts, owned approximately 795,773,795.53 shares (15.25%); Fleet
Securities Corp., Rochester, New York, owned approximately 618,056,435.29 shares
(11.85%);VAR & Co., St. Paul, Minnesota, owned approximately 444,326,211 shares
(8.52%); and Plitt & Co., Baltimore, Maryland, owned approximately
358,968,086.13 shares (6.88%). The
<PAGE>
following persons owned, to the knowledge of management, more than 5% of the
outstanding Institutional Capital Shares of Treasury Obligations Fund: Giant
Industries Arizona Inc., Scottsdale, Arizona, owned approximately 20,074,959.40
shares (40.70%);Excelsior-Henderson Motorcycle, Burnsville, Minnesota, owned
approximately 8,283,489.79 shares (16.79%); and Onbank & Trust Co., Syracuse,
New York, owned approximately 3,432,751.37 shares (6.96%).
Trustee Compensation
<TABLE>
<CAPTION>
<S> <C> <C>
Aggregate
Name, Compensation
Position With From Total Compensation Paid
Trust Trust*# From Fund Complex+
John F. Donahue, $0 $-0- for the Trust and
Chairman and Trustee 56 other investment companies in the Complex
Thomas G. Bigley $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
John T. Conroy $1,597 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
William J. Copeland $1,597 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
J. Christopher Donahue $0 $0 for the Trust and
President and Trustee 18 other investment companies in the Complex
James E. Dowd $1,597 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
Lawrence D. Ellis, M.D. $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Edward L. Flaherty, Jr. $1,597 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
Peter E. Madden $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
John E. Murray, Jr. $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Wesley W. Posvar $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Marjorie P. Smuts $1,452 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
</TABLE>
* Information is furnished for the fiscal year ended July 31, 1997.
# The aggregate compensation is provided for the Trust which is comprised of six
portfolio.
The information is provided for the last calendar year.
During the fiscal year ended July 31, 1997, there were four meetings of
the Board of Trustees. The interested Trustees, other than Dr. Ellis, do not
receive fees from the Trust. Dr. Ellis is an interested person by reason of the
employment of his son-in-law by Federated Securities Corp. All Trustees were
reimbursed for expenses for attendance at Board of Trustees meetings.
Other than its Executive Committee, the Trust has one Board committee, the
Audit Committee. Generally, the function of the Audit Committee is to assist the
Board of Trustees in fulfilling its duties relating to the Trust's accounting
and financial reporting practices and to serve as a direct line of communication
between the Board of Trustees and the independent auditors. The specific
functions of the Audit Committee include recommending the engagement or
retention of the independent auditors, reviewing with the independent auditors
the plan and the results of the auditing engagement, approving professional
services provided by the independent auditors prior to the performance of such
services, considering the range of audit and non-audit fees, reviewing the
independence of the independent auditors, reviewing the scope and results of the
Trust's procedures for internal auditing, and reviewing the Trust's system of
internal accounting controls.
Messrs. Flaherty, Conroy, Copeland, and Dowd serve on the Audit Committee.
These Trustees are not interested Trustees of the Trust. During the fiscal year
ended July 31, 1997, there were four meetings of the Audit Committee. All of the
members of the Audit Committee were present for each meeting. Each member of the
Audit Committee receives an annual fee of $100 plus $25 for attendance at each
meeting and is reimbursed for expenses of attendance.
Officers of the Trust
The executive officers of the Trust are elected annually by the Board of
Trustees. Each officer holds the office until qualification of his successor.
The names and birthdates of the executive officers of the Trust and their
principal occupations during the last five years are as follows:
John F. Donahue
Federated Investors Tower
Pittsburgh, PA
Birthdate: July 28, 1924
Chairman and Trustee
Chairman and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; Chairman and Director, Federated Research
Corp. and Federated Global Research Corp.; Chairman, Passport Research, Ltd.;
Chief Executive Officer and Director or Trustee of the Funds. Mr. Donahue is the
father of J. Christopher Donahue, Executive Vice President of the Company.
J. Christopher Donahue*
Federated Investors Tower
Pittsburgh, PA
Birthdate: April 11, 1949
President and Trustee
President and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; President and Director, Federated Research
Corp. and Federated Global Research Corp.; President, Passport Research, Ltd.;
Trustee, Federated Shareholder Services Company and Federated Shareholder
Services; Director, Federated Services Company; President or Executive Vice
President of the Funds; Director or Trustee of some of the Funds. Mr. Donahue is
the son of John F. Donahue, Chairman and Trustee of the Company.
<PAGE>
Edward C. Gonzales
Federated Investors Tower
Pittsburgh, PA
Birthdate: October 22, 1930
Executive Vice President
Vice Chairman, Treasurer, and Trustee, Federated Investors; Vice President,
Federated Advisers, Federated Management, Federated Research, Federated Research
Corp., Federated Global Research Corp. and Passport Research, Ltd.; Executive
Vice President and Director, Federated Securities Corp.; Trustee, Federated
Shareholder Services Company; Trustee or Director of some of the Funds;
President, Executive Vice President and Treasurer of some of the Funds.
John W. McGonigle
Federated Investors Tower
Pittsburgh, PA
Birthdate: October 26, 1938
Executive Vice President, Secretary, and Treasurer
Executive Vice President, Secretary, and Trustee, Federated Investors; Trustee,
Federated Advisers, Federated Management, and Federated Research; Director,
Federated Research Corp. and Federated Global Research Corp.; Trustee, Federated
Shareholder Services Company; Director, Federated Services Company; President
and Trustee, Federated Shareholder Services; Director, Federated Securities
Corp.; Executive Vice President and Secretary of the Funds; Treasurer of some of
the Funds.
Richard B. Fisher
Federated Investors Tower
Pittsburgh, PA
Birthdate: May 17, 1923
Vice President
Executive Vice President and Trustee, Federated Investors; Chairman and
Director, Federated Securities Corp.; President or Vice President of some of the
Funds; Director or Trustee of some of the Funds.
None of the Officers of the Trust received salaries from the Trust during the
fiscal year ended July 31, 1997.
Federated Services Company, a subsidiary of Federated Investors, is the
Trust's administrator and provides administrative personnel and services to the
Trust for a fee as described in the prospectus. For the fiscal year ended July
31, 1997, Federated Services Company earned $1,402,868.
<PAGE>
INFORMATION ABOUT THE TRUST
Quorum and Voting Requirements
Election of a Trustee requires the affirmative vote of a plurality of the
votes cast at the Special Meeting. A "plurality" is defined as more votes cast
for than against each Nominee.
Only shareholders of record on the Record Date will be entitled to vote at
the Special Meeting. Each share of the Trust is entitled to one vote. Fractional
shares are entitled to proportionate shares of one vote.
Any person giving a proxy has the power to revoke it any time prior to its
exercise by executing a superseding proxy or by submitting a written notice of
revocation to the Secretary of the Trust. In addition, although mere attendance
at the Special Meeting will not revoke a proxy, a shareholder present at the
Special Meeting may withdraw his or her proxy and vote in person. All properly
executed and unrevoked proxies received in time for the Special Meeting will be
voted in accordance with the instructions contained in the proxies. If no
instruction is given on the proxy, the persons named as proxies will vote the
shares represented thereby in favor of the matters set forth in the attached
Notice.
In order to hold the Special Meeting, a "quorum" of shareholders must be
present. Holders of one-fourth of the total number of outstanding shares of the
Trust, present in person or by proxy, shall be required to constitute a quorum
for the purpose of voting on the proposals made.
For purposes of determining a quorum for transacting business at the
Special Meeting, abstentions and broker "non-votes" (that is, proxies from
brokers or nominees indicating that such persons have not received instructions
from the beneficial owner or other persons entitled to vote shares on a
particular matter with respect to which the brokers or nominees do not have
discretionary power) will be treated as shares that are present but which have
not been voted. For this reason, abstentions and broker non-votes will have the
effect of a "no" vote for purposes of obtaining the requisite approval of the
proposals.
If a quorum is not present, the Special Meeting may be adjourned to a
later date by the affirmative vote of a majority of the shares present or
represented by proxy. In the event that a quorum is present but sufficient votes
in favor of one or more of the proposals have not been received, the persons
named as proxies may propose one or more adjournments of the Special Meeting to
permit further solicitations of proxies with respect to such proposal(s). Any
adjournment for this purpose will require the affirmative vote of a majority of
the shares cast in person or by proxy. at the session of the Special Meeting to
be adjourned. The persons named as proxies will vote those proxies which they
are entitled to vote FOR the proposal in favor of such an adjournment and will
vote those proxies required to be voted AGAINST the proposal against any
adjournment. A shareholder vote may be taken on the proposals in this proxy
statement prior to any such adjournment if sufficient votes have been received
for approval.
<PAGE>
OTHER MATTERS AND DISCRETION OF ATTORNEYS NAMED IN THE PROXY
The Trust is not required, and does not intend, to hold annual meetings of
shareholders. Shareholders wishing to submit proposals for consideration for
inclusion in a proxy statement for the next meeting of shareholders should send
their written proposals to Money Market Obligations Trust, Federated Investors
Funds, 5800 Corporate Drive, Pittsburgh, Pennsylvania 15237-7000, so that they
are received within a reasonable time before any such meeting.
No business other than the matter described above is expected to come
before the Special Meeting, but should any other matter requiring a vote of
shareholders arise, including any question as to an adjournment or postponement
of the Special Meeting, the persons named on the enclosed proxy card will vote
on such matters according to their best judgment in the interests of the Trust.
SHAREHOLDERS ARE REQUESTED TO COMPLETE,
DATE AND SIGN THE ENCLOSED
PROXY CARD AND RETURN IT IN
THE ENCLOSED ENVELOPE, WHICH
NEEDS NO POSTAGE IF MAILED IN
THE UNITED STATES.
By Order of the Trustees
John W. McGonigle
Secretary
March 9, 1998
<PAGE>
MONEY MARKET OBLIGATIONS TRUST
Government Obligations Fund
Government Obligations Tax-Managed Fund
Prime Obligations Fund
Tax-Free Obligations Fund
Treasury Obligations Fund
Investment Adviser
FEDERATED MANAGEMENT
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Distributor
FEDERATED SECURITIES CORP.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Administrator
FEDERATED SERVICES COMPANY
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Cusip 60934N807 60934N104 60934N849 60934N856 60934N708 60934N203 60934N880
60934N401 60934N872 60934N500 60934N823
G02303-02(3/98)
<PAGE>
GOVERNMENT OBLIGATIONS FUND
(A Portfolio of Money Market Obligations Trust)
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned shareholders of
Government Obligations Fund hereby appoint Anthony R. Bosch, Patricia F. Conner,
Marie M. Hamm, Carol B. Kayworth, and Elisabeth A. Miller, or any one of them,
true and lawful attorneys, with the power of substitution of each, to vote all
shares of Government Obligations Fund which the undersigned is entitled to vote
at the Special Meeting to be held on April 23, 1998, at Federated Investors
Tower, Pittsburgh, Pennsylvania, at 2:00 p.m., and at any adjournment thereof.
The attorneys named will vote the shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MONEY MARKET
OBLIGATIONS TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Proposal To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and
John E. Murray, Jr. as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
If you do not wish your shares to be voted "FOR" a particular
nominee, mark the "For All Except" box and strike a line
through the nominee(s') name. Your shares will be voted for
the remaining nominees.
YOUR VOTE IS IMPORTANT
Please complete, sign and return _____________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
Cusip 60934N807
60934N104
<PAGE>
GOVERNMENT OBLIGATIONS TAX-MANAGED FUND
(A Portfolio of Money Market Obligations Trust)
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned shareholders of
government Obligations Tax-Managed Fund hereby appoint Anthony R. Bosch,
Patricia F. Conner, Marie M. Hamm, Carol B. Kayworth, and Elisabeth A. Miller,
or any one of them, true and lawful attorneys, with the power of substitution of
each, to vote all shares of Government Obligations Tax-Managed Fund which the
undersigned is entitled to vote at the Special Meeting to be held on April 23,
1998, at Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:00 p.m., and
at any adjournment thereof. The attorneys named will vote the shares represented
by this proxy in accordance with the choices made on this ballot. If no choice
is indicated as to the item, this proxy will be voted affirmatively on the
matters. Discretionary authority is hereby conferred as to all other matters as
may properly come before the Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MONEY MARKET
OBLIGATIONS TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Proposal To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and
John E. Murray, Jr. as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
If you do not wish your shares to be voted "FOR" a particular
nominee, mark the "For All Except" box and strike a line
through the nominee(s') name. Your shares will be voted for
the remaining nominees.
YOUR VOTE IS IMPORTANT
Please complete, sign and return _____________________
this card as soon as possible. Date
Mark with an X in the box.
- ---------------------
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
Cusip 60934N849
60934N856
<PAGE>
PRIME OBLIGATIONS FUND
(A Portfolio of Money Market Obligations Trust)
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned shareholders of Prime
Obligations Fund hereby appoint Anthony R. Bosch, Patricia F. Conner, Marie M.
Hamm, Carol B. Kayworth, and Elisabeth A. Miller, or any one of them, true and
lawful attorneys, with the power of substitution of each, to vote all shares of
Prime Obligations Fund which the undersigned is entitled to vote at the Special
Meeting to be held on April 23, 1998, at Federated Investors Tower, Pittsburgh,
Pennsylvania, at 2:00 p.m., and at any adjournment thereof. The attorneys named
will vote the shares represented by this proxy in accordance with the choices
made on this ballot. If no choice is indicated as to the item, this proxy will
be voted affirmatively on the matters. Discretionary authority is hereby
conferred as to all other matters as may properly come before the Special
Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MONEY MARKET
OBLIGATIONS TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Proposal To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and
John E. Murray, Jr. as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
If you do not wish your shares to be voted "FOR" a particular
nominee, mark the "For All Except" box and strike a line
through the nominee(s') name. Your shares will be voted for
the remaining nominees.
YOUR VOTE IS IMPORTANT ___________________
Please complete, sign and return Date
this card as soon as possible.
Mark with an X in the box.
- ---------------------
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
Cusip 60934N708
60934N203
<PAGE>
TAX-FREE OBLIGATIONS FUND
(A Portfolio of Money Market Obligations Trust)
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned shareholders of Tax-Free
Obligations Fund hereby appoint Anthony R. Bosch, Patricia F. Conner, Marie M.
Hamm, Carol B. Kayworth, and Elisabeth A. Miller, or any one of them, true and
lawful attorneys, with the power of substitution of each, to vote all shares of
Tax-Free Obligations Fund which the undersigned is entitled to vote at the
Special Meeting to be held on April 23, 1998, at Federated Investors Tower,
Pittsburgh, Pennsylvania, at 2:00 p.m., and at any adjournment thereof. The
attorneys named will vote the shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MONEY MARKET
OBLIGATIONS TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Proposal To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and
John E. Murray, Jr. as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
If you do not wish your shares to be voted "FOR" a particular
nominee, mark the "For All Except" box and strike a line
through the nominee(s') name. Your shares will be voted for
the remaining nominees.
YOUR VOTE IS IMPORTANT
Please complete, sign and return _____________________
this card as soon as possible. Date
Mark with an X in the box.
- ---------------------
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
Cusip 60934N880
60934N401
<PAGE>
TREASURY OBLIGATIONS FUND
(A Portfolio of Money Market Obligations Trust)
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned shareholders of Treasury
Obligations Fund hereby appoint Anthony R. Bosch, Patricia F. Conner, Marie M.
Hamm, Carol B. Kayworth, and Elisabeth A. Miller, or any one of them, true and
lawful attorneys, with the power of substitution of each, to vote all shares of
Treasury Obligations Fund which the undersigned is entitled to vote at the
Special Meeting to be held on April 23, 1998, at Federated Investors Tower,
Pittsburgh, Pennsylvania, at 2:00 p.m., and at any adjournment thereof. The
attorneys named will vote the shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MONEY MARKET
OBLIGATIONS TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Proposal To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden, and
John E. Murray, Jr. as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
If you do not wish your shares to be voted "FOR" a particular
nominee, mark the "For All Except" box and strike a line
through the nominee(s') name. Your shares will be voted for
the remaining nominees.
YOUR VOTE IS IMPORTANT
Please complete, sign and return _____________________
this card as soon as possible. Date
Mark with an X in the box.
- ---------------------
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
Cusip 60934N872
60934N500
60934N823
