MONEY MARKET OBLIGATIONS TRUST II
MUNICIPAL OBLIGATIONS FUND
PRIME CASH OBLIGATIONS FUND
PRIME VALUE OBLIGATIONS FUND
SUPPLEMENT TO PROSPECTUSES DATED MARCH 31, 1999
At a Special Meeting of Shareholders to be held on September 23, 1999,
shareholders of the above-named Funds will be asked to vote on the
changes described below. If approved by shareholders, these changes will
take effect on or after October 1, 1999. Shareholders will be notified
if any of these changes is not approved at the meeting or any
adjournment thereof. Please keep this supplement for your records.
Shareholders will be asked to consider the following proposals:
1. To elect five Trustees.
2. To approve a proposed Agreement and Plan of Reorganization
between the Trust, on behalf of its portfolio, the Municipal
Obligations Fund (the "Municipal Fund"), and Money Market
Obligations Trust, on behalf of its series, Municipal Obligations
Fund (the "New Municipal Fund"), whereby the New Municipal Fund
would acquire all of the assets of the Municipal Fund in exchange
for shares of the New Municipal Fund to be distributed PRO RATA
by the Municipal Fund to its shareholders in complete liquidation
and termination of the Municipal Fund (Municipal Fund ONLY).
3. To approve a proposed Agreement and Plan of Reorganization
between the Trust, on behalf of its portfolio, the Prime Cash
Obligations Fund (the "Prime Cash Fund"), and Money Market
Obligations Trust, on behalf of its series, Prime Cash
Obligations Fund (the "New Prime Cash Fund"), whereby the New
Prime Cash Fund would acquire all of the assets of the Prime Cash
Fund in exchange for shares of the New Prime Cash Fund to be
distributed PRO RATA by the Prime Cash Fund to its shareholders
in complete liquidation and termination of the Prime Cash Fund
(Prime Cash Fund ONLY).
4. To approve a proposed Agreement and Plan of Reorganization
between the Trust, on behalf of its portfolio, the Prime Value
Obligations Fund (the "Prime Value Fund"), and Money Market
Obligations Trust, on behalf of its series, Prime Value
Obligations Fund (the "New Prime Value Fund"), whereby the New
Prime Value Fund would acquire all of the assets of the Prime
Value Fund in exchange for shares of the New Prime Value Fund to
be distributed PRO RATA by the Prime Value Fund to its
shareholders in complete liquidation and termination of the Prime
Value Fund (Prime Value Fund ONLY).
To transact such other business as may properly come before the
meeting or any adjournment thereof.
July 28, 1999
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
Cusip 608912200
Cusip 608912804
Cusip 608912507
