CALIFORNIA MUNICIPAL INCOME FUND
(A Portfolio of Municipal Securities Income Trust)
Fortress Shares
Supplement to the Prospectus dated October 31, 1994
Please add the following as the third paragraph under the section entitled
"Adviser's Background" which begins on page 16 of the prospectus:
Jonathan C. Conley has been the Fund's portfolio manager since its
inception. Mr. Conley joined Federated Investors in 1979 and has been a
Vice President of the Fund's investment adviser since 1982. Mr. Conley
is a Chartered Financial Analyst and received his M.B.A. in Finance from
the University of Virginia.
April 21, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922109
G01056-02 (4/95)
MICHIGAN INTERMEDIATE MUNICIPAL TRUST
(formerly, Michigan Municipal Income Fund)
(A Portfolio of Municipal Securities Income Trust)
Supplement to the Prospectus dated October 31, 1994
Please add the following as the second paragraph under the section entitled
"Adviser's Background" which appears on page 16 of the prospectus:
Jonathan C. Conley has been the Fund's portfolio manager since its
inception. Mr. Conley joined Federated Investors in 1979 and has been a
Vice President of the Fund's investment adviser since 1982. Mr. Conley
is a Chartered Financial Analyst and received his M.B.A. in Finance from
the University of Virginia.
April 21, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922703
G01106-01 (4/95)
NEW YORK MUNICIPAL INCOME FUND
(A Portfolio of Municipal Securities Income Trust)
Fortress Shares
Supplement to the Prospectus dated October 31, 1994
Please add the following as the third paragraph under the section entitled
"Adviser's Background" which begins on page 16 of the prospectus:
Jonathan C. Conley has been the Fund's portfolio manager since its
inception. Mr. Conley joined Federated Investors in 1979 and has been a
Vice President of the Fund's investment adviser since 1982. Mr. Conley
is a Chartered Financial Analyst and received his M.B.A. in Finance from
the University of Virginia.
April 21, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922208
G01057-02 (4/95)
OHIO MUNICIPAL INCOME FUND
(A Portfolio of Municipal Securities Income Trust)
Fortress Shares
Supplement to the Prospectus dated October 31, 1994
Please add the following as the third paragraph under the section entitled
"Adviser's Background" which appears on page 16 of the prospectus:
Jonathan C. Conley has been the Fund's portfolio manager since its
inception. Mr. Conley joined Federated Investors in 1979 and has been a
Vice President of the Fund's investment adviser since 1982. Mr. Conley
is a Chartered Financial Analyst and received his M.B.A. in Finance from
the University of Virginia.
April 21, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922307
G00910-03 (4/95)
PENNSYLVANIA MUNICIPAL INCOME FUND
(A Portfolio of Municipal Securities Income Trust)
Class A Shares
Supplement to the Prospectus dated October 31, 1994
Please add the following as the second paragraph under the section entitled
"Adviser's Background" which begins on page 16 of the prospectus:
Jonathan C. Conley has been the Fund's portfolio manager since its
inception. Mr. Conley joined Federated Investors in 1979 and has been a
Vice President of the Fund's investment adviser since 1982. Mr. Conley
is a Chartered Financial Analyst and received his M.B.A. in Finance from
the University of Virginia.
April 21, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
625922505
G01058-02 (4/95)
