MARK TWAIN FUNDS
497, 1994-09-12
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MARK TWAIN EQUITY PORTFOLIO

MARK TWAIN FIXED INCOME PORTFOLIO

MARK TWAIN MUNICIPAL INCOME PORTFOLIO
(Portfolios of Mark Twain Funds)
Supplement to combined prospectus dated November 30, 1993
Please delete the fourth sentence of the first paragraph under
the section entitled "Synopsis" on page 1 and replace with the
following:
     "In addition, the Trust offers another investment
     portfolio, the Mark Twain Government Money Market
     Portfolio."
                                             September  12, 1994



   FEDERATED SECURITIES CORP.

   Distributor
   A subsidiary of Federated
   Investors
   Federated Investors Tower
   Pittsburgh, PA  15222-3779
   570464107
   570464206
   570464305
   G00608-01 (9/94)



MARK TWAIN GOVERNMENT MONEY MARKET PORTFOLIO
(A Portfolio of Mark Twain Funds)
Trust Shares
Supplement to prospectus date November 30, 1993
1.   As of August  25, 1994, the Investment Shares of the Mark
     Twain Government Money Market Portfolio will no longer be
     offered.  Accordingly, orders, exchanges and redemptions
     may be made in the following manner:  Trust customers
     should contact the Mark Twain Bank Trust Department by
     telephone at (314) 889-0715. Texas residents should
     telephone Federated Services Company  at 1-800-618-8573.
     Customers of Mark Twain Brokerage Services, Inc. should
     contact their individual Mark Twain broker.  Other
     shareholders should telephone Mark Twain Brokerage
     Services, Inc. at 1-800-866-6040.

2.   The  minimum initial investment in the Mark Twain
     Government Money Market Portfolio is $1,000.
                                              September 12, 1994


   FEDERATED SECURITIES CORP.

   Distributor
   A subsidiary of Federated
   Investors
   Federated Investors Tower
   Pittsburgh, PA  15222-3779
   570464503
   G00608-02 (9/94)





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