Exhibit (e) (iii) under Form N-1A
Exhibit 1 under Item 601/Reg S-K
Amendment to Distributor's Contracts
between
the Federated Funds
and
Federated Securities Corp.
This Amendment to the Distributor's Contracts (each an "Agreement" and
together, the "Agreements") between the Federated Funds listed on Exhibit A,
(each a "Fund" and collectively, the "Funds") and Federated Securities Corp.
("Distributor") is made and entered into as of the 1st day of October,
2003.
WHEREAS, each Fund has entered into an Agreement with the
Distributor under and pursuant to which the Distributor is the principal
underwriter of the shares of the Fund;
WHEREAS, the Securities and Exchange Commission and the United
States Treasury Department ("Treasury Department") have adopted a series of
rules and regulations arising out of the USA PATRIOT Act (together with such
rules and regulations, the "Applicable Law"), specifically requiring certain
financial institutions, including the Funds and the Distributor, to establish
a written anti-money laundering and customer identification program
("Program");
WHEREAS, each of the Funds and the Distributor have established a
Program and wish to amend the Agreements to reflect the existence of such
Programs and confirm the allocation of responsibility for the performance of
certain required functions;
NOW, THEREFORE, the parties intending to be legally bound agree
and amend each Agreement as follows:
1. The Funds and the Distributor each represent, warrant and certify that
they have established, and covenant that at all times during the existence
of each respective Agreement they will maintain, a Program in compliance
with Applicable Law.
2. The Funds each represent and warrant that the Funds have entered into
an amendment to the agreement with the transfer agent of the Funds,
pursuant to which the transfer agent has agreed to perform all activities,
including the establishment and verification of customer identities as
required by Applicable Law or its Program, with respect to all customers
on whose behalf Distributor maintains an account with the Funds.
3. Distributor covenants that it will enter into appropriate amendments to
selling or other agreements with financial institutions that establish and
maintain accounts with the Funds on behalf of their customers, pursuant to
which such financial institutions covenant to establish and maintain a
Program with respect to those customers in accordance with Applicable Law.
In all other respects, each Agreement first referenced above shall remain in
full force and effect.
WITNESS the due execution hereof as of the 1st day of October, 2003.
FUNDS
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
federated Securities Corp.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: President - Broker/Dealer
EXHIBIT A
Funds Distributor's Contract Date
Cash Trust Series, Inc. March 1, 1993
Cash Trust Series II January 25, 1991
▇▇▇▇▇▇ ▇▇▇▇▇ Money Market Fund April 1, 2001
▇▇▇▇▇▇ ▇▇▇▇▇ Tax-Free Money Market Fund March 1, 2001
Federated Adjustable Rate Securities Fund April 24, 1992
Federated American Leaders Fund, Inc. March 1, 1993
Federated Equity Funds June 1, 1995
Federated Equity Income Fund, Inc. March 1, 1993
Federated Fixed Income Securities Fund, Inc. December 24, 1991
Federated GNMA Trust May 29, 1992
Federated Government Income Securities, Inc. July 17, 1996
Federated High Income Bond Fund, Inc. March 1, 1993
Federated High Yield Trust August 1, 1989
Federated Income Securities Trust December 31, 1991
Federated Income Trust June 1, 1992
Federated Index Trust September 3, 1991
Federated Institutional Trust September 1, 1994
Federated Insurance Series December 1, 1993
Federated International Series, Inc. February 11, 1991
Federated Investment Series Funds, Inc. June 22, 1992
Federated Limited Duration Government Fund, Inc. July 22, 1991
Federated Managed Allocation Portfolios December 1, 1993
Federated Municipal Opportunities Fund, Inc. July 17, 1996
Federated Municipal Securities Fund, Inc. March 1, 1993
Federated Municipal Securities Income Trust September 9, 1991
Federated Short-Term Municipal Trust June 1, 1993
Federated Stock and Bond Fund, Inc. March 1, 1993
Federated Stock Trust August 1, 1989
Federated Total Return Government Bond Fund September 1, 1995
Federated Total Return Series, Inc. December 1, 1993
Federated U.S. Government Bond Fund August 1, 1989
Federated U.S. Government Securities Fund: 1-3 Years May 29, 1992
Federated U.S. Government Securities Fund: 2-5 Years May 29, 1992
Federated World Investment Series, Inc. March 1, 1994
Intermediate Municipal Trust June 1, 1993
Money Market Obligations Trust March 1, 1994