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Federated International Bond Strategy Portfolio
A Portfolio of Federated Managed Pool Series

SUPPLEMENT TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION DATED JANUARY 31, 2016
Effective August 9, 2016, Ruggero de'Rossi no longer serves as portfolio manager for Federated International Bond Strategy Portfolio. Please remove all references to Ruggero de'Rossi in the documents listed above.
August 10, 2016
Federated International Bond Strategy Portfolio
Federated Investors Funds
4000 Ericsson Drive
Warrendale, PA 15086-7561
Contact us at FederatedInvestors.com
or call 1-800-341-7400.
Federated Securities Corp., Distributor
Q453295 (8/16)
Federated is a registered trademark of Federated Investors, Inc.
2016 ©Federated Investors, Inc.