TRUST FOR SHORT-TERM U.S. GOVERNMENT SECURITIES
SUPPLEMENT TO PROSPECTUS DATED JANUARY 31, 1998
At a meeting to be held on March 22, 1999, shareholders of the Fund will be
asked to vote on the changes described below. If approved by shareholders, these
changes will take effect as of April 1, 1999, except Proposal 6, which will
occur on or after April 23, 1999. Shareholders will be notified if any of these
changes are not approved.
Please keep this supplement for your records.
Shareholders will be asked to consider proposals:
(1) To elect nine Trustees.
(2) To ratify the selection of the Trust's independent auditors.
(3) To make changes to the Trust's fundamental investment policies:
(a) To make non-fundamental, and to amend, the Trust's fundamental
investment policy regarding maturity of money market instruments;
and
(b) To amend the Trust's fundamental investment policy regarding
pledging securities to permit the Trust to pledge assets to
secure permitted borrowings.
(4) To approve a clarifying amendment to the Trust's Investment Advisory
Agreement to exclude Rule 12b-1 fees and shareholder service fees from
the expense cap.
(5) To approve an amendment and restatement to the Trust's Declaration of
Trust to require the approval of a "1940 Act" majority of shareholders
in the event of the sale and conveyance of the assets of the Trust to
another trust or corporation.
(6) To approve a proposed Agreement and Plan of Reorganization between the
Trust and Money Market Obligations Trust, on behalf of its series,
Trust for Short-Term U.S. Government Securities (the "New Fund"),
whereby the New Fund would acquire all of the assets of the Trust in
exchange for shares of the New Fund to be distributed PRO RATA by the
Trust to its shareholders in complete liquidation and termination of
the Trust.
January 21, 1999
[Graphic]
Federated Investors
Federated Securities Corp., Distributor
Federated Investors, Inc.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
www.federatedinvestors.com
Cusip 898331103
G02545-02(1/99)
