PENNSYLVANIA MUNICIPAL INCOME FUND - CLASS A SHARES
(A Portfolio of Municipal Securities Income Trust)
Supplement to Prospectus dated October 31, 1994
On or about November 18, 1994, Pennsylvania Municipal Income
Fund - Income Shares, will be converted into Class A Shares of
the Pennsylvania Municipal Income Fund. A sales load will not
be imposed on those Income Shares that convert into Class A
Shares.
October 31, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922505
006611 (10/94)