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/ John W. McGonigle

                          Name:  John W. McGonigle

                          Title:   Executive Vice President





                          federated Securities Corp.



                          By:  /s/ James F. Getz

                          Name:  James F. Getz

                          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

Edward Jones Money Market Fund                        April 1, 2001

Edward Jones 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