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Federated Emerging Market Debt Fund
A Portfolio of Federated World Investment Series, Inc.
CLASS A SHARES (TICKER IHIAX)
CLASS B SHARES (TICKER IHIBX)
CLASS C SHARES (TICKER IHICX)
INSTITUTIONAL SHARES (TICKER EMDIX)

SUPPLEMENT TO SUMMARY PROSPECTUS, 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 Emerging Market Debt Fund. Please remove all references to Ruggero de'Rossi in the documents listed above.
August 10, 2016
Federated Emerging Market Debt Fund
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
Q453294 (8/16)
Federated is a registered trademark of Federated Investors, Inc.
2016 ©Federated Investors, Inc.