WORLD INVESTMENT SERIES INC, 497, 1995-12-22

WORLD INVESTMENT SERIES INC
497, 1995-12-22

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WORLD UTILITY FUND
(A Portfolio of World Investment Series, Inc.)
Class A Shares

SUPPLEMENT TO COMBINED PROSPECTUS DATED JULY 26, 1995
     Effective January 1, 1996, the special offering of full dealer
     reallowance plus additional bonus payments on sales of Class A Shares
     will no longer be offered. Accordingly, please delete the last
     paragraph under the section entitled "Dealer Concession" on page 17 of
     the prospectus.
                                                               December 22, 1995














   FEDERATED SECURITIES CORP.

   Distributor                     PA
   A subsidiary of FEDERATED
   INVESTORS
   Federated Investors Tower
   PITTSBURGH, PA  15222-3779
   CUSIP #981487101