SOUTHTRUST VULCAN FUNDS
497, 1995-09-07
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SouthTrust Vulcan Treasury Obligations Money Market Fund
SouthTrust Vulcan Bond Fund
SouthTrust Vulcan Stock Fund
SUPPLEMENT TO PROSPECTUS DATED JUNE 30, 1995

Please delete the last sentence of the first paragraph under the
subheading "BOND FUND" of the section entitled "Investment
Objectives and Policies of the Fund" on page 4 of the prospectus,
and insert the following sentence:
     "The Adviser expects that the weighted average maturity
     of the Fund's portfolio securities will generally be
     between five and fifteen years; however, the Fund's
     average weighted maturity of portfolio securities may
     be adjusted in light of existing and anticipated market
     trends."

September 8, 1995

   FEDERATED SECURITIES CORP.

   Distributor
   A subsidiary of Federated
   Investors
   Federated Investors Tower
   Pittsburgh, PA  15222-3779
   Cusip 844734103
   Cusip 844734202
   Cusip 844734301
   G01341-01 (9/95)
   SRI ID# STH508038
   




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