MONEY MARKET OBLIGATIONS TRUST
Automated Cash Management Trust
Government Obligations Fund
Government Obligations Tax-Managed Fund
Prime Obligations Fund
Tax-Free Obligations Fund
Treasury Obligations Fund
Supplement to Prospectuses dated September 30, 1998
At a Special Meeting of Shareholders to be held on June 24, 1999, shareholders
of the above named Funds will be asked to vote on the changes described below.
If approved by shareholders, these changes will take effect as of July 1, 1999.
Shareholders will be notified if any of these changes are not approved. Please
keep this supplement for your records.
Shareholders will be asked to consider the following proposals:
(1) To elect three Trustees.
(2) To ratify the selection of the Trust's independent
auditors.
(3) To make changes to the Funds' fundamental investment
policies:
(a) To amend the Funds' fundamental investment
policy regarding diversification (all Funds
except Cash Management Fund);
(b) To amend the Funds' fundamental investment
policies regarding borrowing money and issuing
senior securities;
(c) To amend the Funds' fundamental investment
policies regarding investing in real estate;
(d) To amend the Funds' fundamental investment
policies regarding investing in commodities;
(e) To amend the Funds' fundamental investment
policies regarding underwriting securities;
(f) To amend the Funds' fundamental investment
policies regarding lending assets;
(g) To amend the Funds' fundamental investment
policies regarding concentration of the Funds'
investments in the securities of companies in
the same industry;
(h) To amend, and to make non-fundamental, the Funds'
fundamental policies regarding pledging assets;
(i) To amend, and to make non-fundamental, the
Funds' fundamental investment policies regarding
buying securities on margin;
(j) To amend, and to make non-fundamental, the Cash
Management Fund's fundamental investment
policies regarding the types of money market
instruments that the Fund is permitted to
purchase (Cash Management Fund only);
(k) To amend, and to make non-fundamental, the Cash
Management Fund's fundamental investment policy
regarding investing in other investment
companies (Cash Management Fund only);
(l) To make non-fundamental the Cash Management
Fund's fundamental investment policy regarding
investing in U.S. government securities (Cash
Management Fund only);
(m) To make non-fundamental the Cash Management
Fund's fundamental investment policy regarding
purchasing bank instruments (Cash Management
Fund only);
(n) To make non-fundamental the Cash Management
Fund's fundamental investment policy regarding
purchasing commercial paper (Cash Management
Fund only);
(o) To make non-fundamental the Cash Management
Fund's fundamental investment policy regarding
engaging in repurchase agreement transactions
(Cash Management Fund only); and
(p) To make non-fundamental the Cash Management
Fund's fundamental investment policy regarding
engaging in when-issued and delayed delivery
transactions (Cash Management Fund only).
(4) To eliminate certain of the Funds' fundamental
investment policies:
(a) To remove the Funds' fundamental investment
policies regarding selling securities short;
(b) To remove the Prime Fund's and the Tax-Free
Fund's fundamental investment policies regarding
investing in restricted securities (Tax-Free
Fund and Prime Fund only);
(c) To remove the Cash Management Fund's fundamental
investment policy regarding investing for the
purpose of control (Cash Management Fund only);
and
(d) To remove the Cash Management Fund's fundamental
investment policy regarding the purchase of
securities of certain issuers (Cash Management
Fund only).
(5) To transact such other business as may properly come before the meeting or
any adjournment thereof.
April 26, 1999
[Graphic]
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779 Cusip 60934N104 Cusip 60934N807 Cusip 60934N203 Cusip
60934N708 Cusip 60934N401 Cusip 60934N880 Cusip 60934N500 Cusip 60934N872 Cusip
60934N823 Cusip 60934N831 Cusip 60934N864 Cusip 60934N856 Cusip 60934N849
G02621-02 (4/99)
