AMENDMENT #9
TO THE BY-LAWS
OF
MONEY MARKET OBLIGATIONS TRUST
Effective January 1, 2006
Strike Section 1, Officers, and Section 2, Election of Officers from
Article I - OFFICERS AND THEIR ELECTION, and replace with the
following:
Section 1.  Officers. The Officers of the Trust shall be a President,
one or more Executive Vice Presidents, one or more Senior Vice
Presidents, one or more Vice Presidents, a Treasurer, and a Secretary.
The Board of Trustees, in its discretion, may also elect or appoint one
or more Vice Chairmen of the Board of Trustees (who need not be a
Trustee), and other Officers or agents, including one or more Assistant
Vice Presidents, one or more Assistant Secretaries, and one or more
Assistant Treasurers.  An Executive Vice President, Senior Vice
President or Vice President, the Secretary or the Treasurer may appoint
an Assistant Vice President, an Assistant Secretary or an Assistant
Treasurer, respectively, to serve until the next election of Officers.
Two or more offices may be held by a single person except the offices
of President and Executive Vice President, Senior Vice President or
Vice President may not be held by the same person concurrently.  It
shall not be necessary for any Trustee or any Officer to be a holder of
shares in any Series or Class of the Trust.  Any officer, or such other
person as the Board may appoint, may preside at meetings of the
shareholders.
Section 2.  Election of Officers.  The Officers shall be elected
annually by the Trustees.  Each Officer shall hold office for one year
and until the election and qualification of his successor, or until
earlier resignation or removal.

Strike Sections 1, Chairman of the Trustees, Section 2, Vice Chairman
of the Trustees, Section 3, President, and Section 4, Vice President
from Article II - POWERS AND DUTIES OF TRUSTEES AND OFFICERS, and
replace with the following:
Section 1.  Chairman of the Board.  The Board may elect from among its
members a Chairman of the Board.  The Chairman shall at all times be a
Trustee who meets all applicable regulatory and other relevant
requirements for serving in such capacity.  The Chairman shall not be
an officer of the Trust, but shall preside over meetings of the Board
and shall have such other responsibilities in furthering the Board
functions as may be assigned from time to time by the Board of Trustees
or prescribed by these By-Laws.  It shall be understood that the
election of any Trustee as Chairman shall not impose on that person any
duty, obligation, or liability that is greater than the duties,
obligations, and liabilities imposed on that person as a Trustee in the
absence of such election, and no Trustee who is so elected shall be
held to a higher standard of care by virtue thereof.  In addition,
election as Chairman shall not affect in any way that Trustee's rights
or entitlement to indemnification under the By-Laws or otherwise by the
Trust.  The Chairman shall be elected by the Board annually to hold
office until his successor shall have been duly elected and shall have
qualified, or until his death, or until he shall have resigned, or have
been removed, as herein provided in these By-Laws.  Each Trustee,
including the Chairman, shall have one vote.

Resignation.  The Chairman may resign at any time by giving written
notice of resignation to the Board.  Any such resignation shall take
effect at the time specified in such notice, or, if the time when it
shall become effective shall not be specified therein, immediately upon
its receipt; and, unless otherwise specified therein, the acceptance of
such resignation shall not be necessary to make it effective.

Removal.  The Chairman may be removed by majority vote of the Board
with or without cause at any time.

Vacancy.  Any vacancy in the office of Chairman, arising from any cause
whatsoever, may be filled for the unexpired portion of the term of the
office which shall be vacant by the vote of the Board.

Absence.  If, for any reason, the Chairman is absent from a meeting of
the Board, the Board may select from among its members who are present
at such meeting a Trustee to preside at such meeting.

Section 2.  Vice Chairman of the Trustees.  Any Vice Chairman shall
perform such duties as may be assigned to him from time to time by the
Trustees.  The Vice Chairman need not be a Trustee.
Section 3.  President.  The President shall be the principal executive
officer of the Trust.  He shall counsel and advise the Chairman.  He
shall have general supervision over the business of the Trust and
policies of the Trust.  He shall employ and define the duties of all
employees, shall have power to discharge any such employees, shall
exercise general supervision over the affairs of the Trust and shall
perform such other duties as may be assigned to him from time to time
by the Trustees, the Chairman or the Executive Committee.  The
President shall have the power to appoint one or more Assistant
Secretaries or other junior officers, subject to ratification of such
appointments by the Board.  The President shall have the power to sign,
in the name of and on behalf of the Trust, powers of attorney, proxies,
waivers of notice of meeting, consents and other instruments relating
to securities or other property owned by the Trust, and may, in the
name of and on behalf of the Trust, take all such action as the
President may deem advisable in entering into agreements to purchase
securities or other property in the ordinary course of business, and to
sign representation letters in the course of buying securities or other
property.

Section 4.  Vice President.  The Executive Vice President, Senior Vice
President or Vice President, if any, in order of their rank as fixed by
the Board or if not ranked, a Vice President designated by the Board,
in the absence of the President shall perform all duties and may
exercise any of the powers of the President subject to the control of
the Trustees.  Each Executive Vice President, Senior Vice President and
Vice President shall perform such other duties as may be assigned to
him from time to time by the Trustees, the Chairman, the President, or
the Executive Committee.  Each Executive Vice President, Senior Vice
President and Vice President shall be authorized to sign documents on
behalf of the Trust.  The Executive Vice President, Senior Vice
President and Vice President shall have the power to sign, in the name
of and on behalf of the Trust and subject to Article VIII, Section 1,
powers of attorney, proxies, waivers of notice of meeting, consents and
other instruments relating to securities or other property owned by the
Trust, and may, in the name of and on behalf of the Trust, take all
such action as the Executive Vice President, Senior Vice President or
Vice President may deem advisable in entering into agreements to
purchase securities or other property in the ordinary course of
business, and to sign representation letters in the course of buying
securities or other property.