THE MEDALIST FUNDS
(formerly the Signet Select Funds)
The U.S. Government Securities Fund
The Stock Fund
The Virginia Municipal Bond Fund
The Maryland Municipal Bond Fund
The Treasury Money Market Fund
The Money Market Fund
The Tax-Free Money Market Fund
TRUST SHARES
Supplement to Combined Prospectus dated January 31, 1995
Under the section entitled " Share Purchases" on page 24, insert the
following as the final sentence of the second and third paragraphs:
"Texas residents must purchase shares of the Funds through
Federated
Securities Corp. at 1-800-356-2805."
January 31, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
CUSIP #s
007696-TR (1/95)
THE MEDALIST FUNDS
(formerly the Signet Select Funds)
The U.S. Government Securities Fund
The Stock Fund
The Virginia Municipal Bond Fund
The Maryland Municipal Bond Fund
The Treasury Money Market Fund
The Money Market Fund
The Tax-Free Money Market Fund
INVESTMENT SHARES
Supplement to Combined Prospectus dated January 31, 1995
Under the section entitled " Share Purchases," which begins on page 23
and continues on page 24, insert the following as the final sentence of
the second and third paragraphs:
"Texas residents must purchase shares of the Funds through
Federated
Securities Corp. at 1-800-356-2805."
January 31, 1995
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
CUSIP #s
007695-INV (1/95)
