SHAWMUT FUNDS, 497, 1994-04-25

SHAWMUT FUNDS
497, 1994-04-25

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  THE SHAWMUT FUNDS - INVESTMENT 
  SHARES                                                                       
  
  Supplement to Prospectuses dated February 28, 1994
  
  1.        Please delete the final paragraph of the cover page of the 
       Prospectus and substitute the following in its place:
  
       INVESTMENT SHARES OF THE SHAWMUT FUNDS ARE AVAILABLE THROUGH 
       REGISTERED REPRESENTATIVES OF SHAWMUT BROKERAGE, INC. OR MDS 
       SECURITIES, INC., MEMBERS NASD/SIPC.  SHAWMUT BROKERAGE, INC. IS AN 
       AFFILIATE OF SHAWMUT BANK.  MDS SECURITIES, INC. IS NOT AN 
       AFFILIATE OF SHAWMUT BANK.
  
  
                                                  March 28, 1994
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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  FEDERATED SECURITIES 
  CORP.                                                                   
  Distributor
  4030705A (3/94)