CASH TRUST SERIES II
Municipal Cash Series II
Treasury Cash Series II
Supplement to Prospectuses, dated July 31, 1998.
At the June 28, 1999 shareholder meeting, shareholders approved the following
changes:
1. Elected seven Directors.
2. Ratified the selection of the Trust's independent auditors.
The meeting was adjourned to August 11, 1999, 2:00 p.m., (Eastern time), at 2800
Corporate Drive, Pittsburgh, PA 15237-7000 with respect to the following
proposals:
3. To make the following changes to the Trust's fundamental limitations:
(a) To amend Municipal Cash Series II's fundamental investment
limitation on diversification of its investments;
(b) To amend the Funds' investment limitation regarding borrowing
money and issuing senior securities to the maximum extent
permitted under the 1940 Act;
(c) To amend Municipal Cash Series II's fundamental investment
limitation regarding investment in real estate;
(d) To amend Municipal Cash Series II's fundamental investment
limitation regarding investments in commodities;
(e) To amend Municipal Cash Series II's fundamental investment
limitation regarding underwriting securities;
(f) To amend the Funds' fundamental investment limitation regarding
lending;
(g) To amend Municipal Cash Series II's fundamental investment
policy regarding concentration of the Fund's investments in
securities of companies in the same industry;
(h) To amend and make non-fundamental the Funds' fundamental
investment limitation regarding buying securities on margin;
(i) To amend and make non-fundamental the Funds' fundamental investment
limitation regarding pledging assets;
(j) To remove the Funds' fundamental investment limitation on investing
in restricted securities;
(k) To remove the Funds' fundamental investment policy on selling
securities short.
June 28, 1999
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Federated Investors
Federated Securities, Distributors
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
www.federatedinvestors.com
Cusip 147552103
Cusip 147552301
G02299-03
