X0101 EFFECT 33 LIVE 2006-08-02

N-14AE

0000201801 FEDERATED MUNICIPAL SECURITIES FUND INC 333-135227 0000201801 FEDERATED MUNICIPAL SECURITIES FUND INC S000009070 FEDERATED MUNICIPAL SECURITIES FUND INC C000024642 Class A Shares 0000225843 SENTINEL GROUP FUNDS INC S000009623 Sentinel Tax-Free Income Fund C000026352 Sentinel Tax-Free Income Fund Class A