KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Alabama
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Alabama Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF ALABAMA MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of
California Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F.
Conner, Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any
one of them, true and lawful attorneys, with the power of substitution of each,
to vote all Shares of California Municipal Cash Trust which the undersigned is
entitled to vote at the Special Meeting of Shareholders to be held on April 23,
1998, at Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and
at any adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF CALIFORNIA
MUNICIPAL CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Florida
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Florida Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF FLORIDA MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Georgia
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Georgia Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF GEORGIA MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Maryland
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Maryland Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MARYLAND MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Michigan
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Michigan Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MICHIGAN MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of
Minnesota Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F.
Conner, Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any
one of them, true and lawful attorneys, with the power of substitution of each,
to vote all Shares of Minnesota Municipal Cash Trust which the undersigned is
entitled to vote at the Special Meeting of Shareholders to be held on April 23,
1998, at Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and
at any adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF MINNESOTA
MUNICIPAL CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of New
Jersey Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of New Jersey Municipal Cash Trust which the undersigned is entitled
to vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF NEW JERSEY
MUNICIPAL CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of New York
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of New York Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF NEW YORK MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSALS.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of North
Carolina Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F.
Conner, Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any
one of them, true and lawful attorneys, with the power of substitution of each,
to vote all Shares of North Carolina Municipal Cash Trust which the undersigned
is entitled to vote at the Special Meeting of Shareholders to be held on April
23, 1998, at Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m.,
and at any adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF NORTH CAROLINA
MUNICIPAL CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of
Tennessee Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F.
Conner, Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any
one of them, true and lawful attorneys, with the power of substitution of each,
to vote all Shares of Tennessee Municipal Cash Trust which the undersigned is
entitled to vote at the Special Meeting of Shareholders to be held on April 23,
1998, at Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and
at any adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF TENNESSEE
MUNICIPAL CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE
MANNER DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS
PROXY WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned Shareholders of Virginia
Municipal Cash Trust hereby appoint Anthony R. Bosch, Patricia F. Conner,
Catherine C. Ryan, Carol B. Kayworth, and Elisabeth A. Miller, or any one of
them, true and lawful attorneys, with the power of substitution of each, to vote
all Shares of Virginia Municipal Cash Trust which the undersigned is entitled to
vote at the Special Meeting of Shareholders to be held on April 23, 1998, at
Federated Investors Tower, Pittsburgh, Pennsylvania, at 2:30 p.m., and at any
adjournment thereof.
The attorneys named will vote the Shares represented by this proxy in accordance
with the choices made on this ballot. If no choice is indicated as to the item,
this proxy will be voted affirmatively on the matters. Discretionary authority
is hereby conferred as to all other matters as may properly come before the
Special Meeting or any adjournment thereof.
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF VIRGINIA MUNICIPAL
CASH TRUST. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER
DIRECTED BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY
WILL BE VOTED "FOR" THE PROPOSAL.
Vote on Proposal
1. To elect Thomas G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E.
Murray, Jr., as Trustees of the Trust
FOR [ ]
AGAINST [ ]
WITHHOLD AUTHORITY
TO VOTE [ ]
FOR ALL EXCEPT [ ]
To withhold authority to vote, mark "For All Except" and
write the nominee's name(s) on the line below.
----------------------------------------------------
YOUR VOTE IS IMPORTANT
Please complete, sign and return ___________________
this card as soon as possible. Date
Mark with an X in the box. _____________________
Signature
------------------------
Signature (Joint Owners)
Please sign this proxy exactly as your name appears on the books of the Trust.
Joint owners should each sign personally. Trustees and other fiduciaries should
indicate the capacity in which they sign, and where more than one name appears,
a majority must sign. If a corporation, this signature should be that of an
authorized officer who should state his or her title.
PROXY STATEMENT
FEDERATED MUNICIPAL TRUST
Alabama Municipal Cash Trust
California Municipal Cash Trust
Florida Municipal Cash Trust
Georgia Municipal Cash Trust
Maryland Municipal Cash Trust
Michigan Municipal Cash Trust
Minnesota Municipal Cash Trust
New Jersey Municipal Cash Trust
New York Municipal Cash Trust
North Carolina Municipal Cash Trust
Tennessee Municipal Cash Trust
Virginia Municipal Cash Trust
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD APRIL 23, 1998
A special meeting of the shareholders of Federated Municipal Trust (the
"Trust") will be held at Federated Investors Tower, 19th Floor, 1001 Liberty
Avenue, Pittsburgh, Pennsylvania 15222-3779, at 2:30 p.m. (Eastern time), on
April 23, 1998, for the following purposes:
(1) To elect four Trustees.
(2) To transact such other business as may properly come before the meeting or
any adjournment thereof.
The Board of Trustees has fixed February 24, 1998, as the record date for
determination of shareholders entitled to vote at the meeting.
By Order of the Trustees
John W. McGonigle
Secretary
March 9, 1998
- --------------------------------------------------------------------------------
SIGN, DATE AND RETURN THE ENCLOSED PROXY PROMPTLY TO AVOID ADDITIONAL EXPENSE.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
YOU CAN HELP THE TRUST AVOID THE NECESSITY AND EXPENSE OF SENDING FOLLOW-UP
LETTERS TO ENSURE A QUORUM BY PROMPTLY RETURNING THE ENCLOSED PROXY. IF YOU ARE
UNABLE TO ATTEND THE MEETING, PLEASE MARK, SIGN, DATE AND RETURN THE ENCLOSED
PROXY SO THAT THE NECESSARY QUORUM MAY BE REPRESENTED AT THE SPECIAL MEETING.
THE ENCLOSED ENVELOPE REQUIRES NO POSTAGE IF MAILED IN THE UNITED STATES.
- --------------------------------------------------------------------------------
2
PROXY STATEMENT
FEDERATED MUNICIPAL TRUST
Alabama Municipal Cash Trust
California Municipal Cash Trust
Florida Municipal Cash Trust
Georgia Municipal Cash Trust
Maryland Municipal Cash Trust
Michigan Municipal Cash Trust
Minnesota Municipal Cash Trust
New Jersey Municipal Cash Trust
New York Municipal Cash Trust
North Carolina Municipal Cash Trust
Tennessee Municipal Cash Trust
Virginia Municipal Cash Trust
Federated Investors Funds
5800 Corporate Drive
Pittsburgh, PA 15237-7000
About the Proxy Solicitation and the Special Meeting
The enclosed proxy is solicited on behalf of the Board of Trustees of the Trust
(the "Board" or "Trustees"). The proxies will be voted at the special meeting of
shareholders of the funds listed above (each fund individually referred to as a
"Fund" or collectively as the "Funds") to be held on April 23, 1998, at
Federated Investors Tower, 19th Floor, 1001 Liberty Avenue, Pittsburgh,
Pennsylvania 15222-3779, at 2:30 p.m. (such special meeting and any adjournment
or postponement thereof are referred to as the "Special Meeting").
The cost of the solicitation, including the printing and mailing of proxy
materials, will be borne by the Funds. In addition to solicitations through the
mails, proxies may be solicited by officers, employees, and agents of the Funds
or, if necessary, a communications firm retained for this purpose. Such
solicitations may be by telephone, telegraph, or otherwise. Any telephonic
solicitations will follow procedures designed to ensure accuracy and prevent
fraud, including requiring identifying shareholder information, recording the
shareholder's instructions, and confirming to the shareholder after the fact.
Shareholders who communicate proxies by telephone or by other electronic means
have the same power and authority to issue, revoke, or otherwise change their
voting instruction as currently exists for instructions communicated in written
form. The Funds will reimburse custodians, nominees, and fiduciaries for the
reasonable costs incurred by them in connection with forwarding solicitation
materials to be beneficial owners of Shares held of record by such persons.
The purpose of the Special Meeting is set forth in the accompanying Notice. The
Trustees know of no business other than that mentioned in the Notice that will
be presented for consideration at the Special Meeting. Should other business
properly be brought before the Special Meeting, proxies will be voted in
accordance with the best judgment of the persons named as proxies. This proxy
statement and the enclosed proxy card are expected to be mailed on or about
March 9, 1998, to shareholders of record at the close of business on February
24, 1998 (the "Record Date").
The following table sets forth the number of Shares of beneficial interest
("Shares") of each Fund, by class, which were outstanding as of the Record Date,
each Share being entitled to one vote.
Number of Shares
___Outstanding___
Alabama Municipal Cash Trust 181,551,591
California Municipal Cash Trust
Institutional Service Shares 315,256,611
Institutional Shares 47,476,328
Florida Municipal Cash Trust
Cash II Shares 110,315,768
Institutional Shares 665,216,403
Georgia Municipal Cash Trust 167,038,697
Maryland Municipal Cash Trust 56,245,105
Michigan Municipal Cash Trust
Institutional Service Shares 160,720,910
Institutional Shares 18,565,732
Minnesota Municipal Cash Trust
Cash Series Shares 271,633,144
Institutional Shares 337,072,432
New Jersey Municipal Cash Trust
Institutional Service Shares 58,645,133
Institutional Shares 161,662,683
New York Municipal Cash Trust
Cash II Shares 27,711,433
Institutional Service Shares 544,423,651
North Carolina Municipal Cash Trust 199,202,224
Tennessee Municipal Cash Trust
Institutional Service Shares 31,588,145
Institutional Shares 25,155,806
Virginia Municipal Cash Trust
Institutional Service Shares 208,517,233
Institutional Shares 35,756,618
The Funds' annual prospectuses, which include audited financial statements
for the fiscal year ended October 31, 1997, were previously mailed to
shareholders. Requests for reports or other information may be made in writing
to the Trust's principal executive offices located at Federated Investors Funds,
5800 Corporate Drive, Pittsburgh, Pennsylvania 15237-7000 or by calling
toll-free 1-800-341-7400.
- -----------------------------------------------------------------------------
ELECTION OF FOUR TRUSTEES
- ------------------------------------------------------------------------------
The persons named as proxies intend to vote in favor of the election of Thomas
G. Bigley, John T. Conroy, Jr., Peter E. Madden and John E. Murray, Jr. as
Trustees of the Trust. All of the nominees are presently serving as Trustees.
Please see "Information about the Trust" for current biographical information
about Messrs. Bigley, Conroy, Madden and Murray.
Messrs. Conroy and Madden were appointed Trustees on August 21, 1991, to
fill vacancies created by the resignation of Mr. Joseph Maloney and the decision
to expand the size of the Board. Messrs. Bigley and Murray were appointed
Trustees on November 15, 1994 and February 14, 1995, respectively, also to fill
vacancies resulting from the decision to expand the size of the Board.
All Nominees have consented to continue to serve if elected. If elected,
the Trustees will hold office without limit in time until death, resignation,
retirement, or removal or until the next meeting of shareholders to elect
Trustees and the election and qualification of their successors. Election of a
Trustee requires the affirmative vote of a plurality of the votes cast at the
Special Meeting. A "plurality" is defined as more votes cast for than against
each Nominee.
If any nominee for election as a Trustee named above shall by reason of
death or for any other reason become unavailable as a candidate at the Special
Meeting, votes pursuant to the enclosed proxy will be cast for a substitute
candidate by the proxies named on the proxy card, or their substitutes, present
and acting at the Special Meeting. Any such substitute candidate for election as
an interested Trustee shall be nominated by the Executive Committee. The
selection of any substitute candidate for election as a Trustee who is not an
interested person shall be made by a majority of the Trustees who are not
interested persons of the Trust. The Board has no reason to believe that any
nominee will become unavailable for election as a Trustee.
INFORMATION ABOUT THE TRUST
Quorum and Voting Requirements
Election of a Trustee requires the affirmative vote of a plurality of the
votes cast at the Special Meeting. A "plurality" is defined as more votes cast
for than against each Nominee.
Only shareholders of record on the Record Date will be entitled to vote at
the Special Meeting. Each Share of each Fund is entitled to one vote. Fractional
Shares are entitled to proportionate Shares of one vote.
Any person giving a proxy has the power to revoke it any time prior to its
exercise by executing a superseding proxy or by submitting a written notice of
revocation to the Secretary of the Funds. In addition, although mere attendance
at the Special Meeting will not revoke a proxy, a shareholder present at the
Special Meeting may withdraw his or her proxy and vote in person. All properly
executed and unrevoked proxies received in time for the Special Meeting will be
voted in accordance with the instructions contained in the proxies. If no
instruction is given on the proxy, the persons named as proxies will vote the
Shares represented thereby in favor of the matters set forth in the attached
Notice.
In order to hold the Special Meeting, a "quorum" of shareholders must be
present. Holders of more than fifty percent of the total number of outstanding
Shares of the Funds, present in person or by proxy, shall be required to
constitute a quorum for the purpose of voting on the proposals made.
For purposes of determining a quorum for transacting business at the
Special Meeting, abstentions and broker "non-votes" (that is, proxies from
brokers or nominees indicating that such persons have not received instructions
from the beneficial owner or other persons entitled to vote Shares on a
particular matter with respect to which the brokers or nominees do not have
discretionary power) will be treated as Shares that are present but which have
not been voted. For this reason, abstentions and broker non-votes will have the
effect of a "no" vote for purposes of obtaining the requisite approval of the
proposals.
If a quorum is not present, the Special Meeting may be adjourned to a
later date by the affirmative vote of a plurality of the shares present or
represented by proxy. In the event that a quorum is present but sufficient votes
in favor of one or more of the proposals have not been received, the persons
named as proxies may propose one or more adjournments of the Special Meeting to
permit further solicitations of proxies with respect to such proposal(s). Any
adjournment for this purpose will require the affirmative vote of a majority of
the shares cast in person or by proxy. at the session of the Special Meeting to
be adjourned. The persons named as proxies will vote those proxies which they
are entitled to vote FOR the proposal in favor of such an adjournment and will
vote those proxies required to be voted AGAINST the proposal against any
adjournment. A shareholder vote may be taken on the proposals in this proxy
statement prior to any such adjournment if sufficient votes have been received
for approval.
About the Election of Trustees
When elected, the Trustees will hold office during the lifetime of the
Trust except that: (a) any Trustee may resign; (b) any Trustee may be removed by
written instrument signed by at least two-thirds of the number of Trustees prior
to such removal; (c) any Trustee who requests to be retired or who has become
mentally or physically incapacitated may be retired by written instrument signed
by a majority of the other Trustees; and (d) a Trustee may be removed at any
special meeting of the shareholders by a vote of two-thirds of the outstanding
Shares of the Trust. In case a vacancy shall exist for any reason, the remaining
Trustees will fill such vacancy by appointment of another Trustee. The Trustees
will not fill any vacancy by appointment if, immediately after filling such
vacancy, less than two-thirds of the Trustees then holding office would have
been elected by the shareholders. If, at any time, less than a majority of the
Trustees holding office have been elected by the shareholders, the Trustees then
in office will call a shareholders' meeting for the purpose of electing Trustees
to fill vacancies. Otherwise, there will normally be no meeting of shareholders
called for the purpose of electing Trustees.
Trustees standing for election and Trustees previously elected are listed
below with their addresses, birthdates, present positions with the Trust, and
principal occupations during the past five years. The companies or organizations
related to the principal occupations of Trustees standing for election are not
affiliated with the Funds.
Trustees Standing for Election
Thomas G. Bigley
15 Old Timber Trail
Pittsburgh, PA
Birthdate: February 3, 1934
Trustee
Chairman of the Board, Children's Hospital of Pittsburgh; formerly, Senior
Partner, Ernst & Young LLP; Director, MED 3000 Group, Inc.; Director, Member of
Executive Committee, University of Pittsburgh; Director or Trustee of the Funds.
John T. Conroy, Jr.
Wood/IPC Commercial Department
John R. Wood and Associates, Inc., Realtors
3255 Tamiami Trail North
Naples, FL
Birthdate: June 23, 1937
Trustee
President, Investment Properties Corporation; Senior Vice-President, John R.
Wood and Associates, Inc., Realtors; Partner or Trustee in private real estate
ventures in Southwest Florida; formerly, President, Naples Property Management,
Inc. and Northgate Village Development Corporation; Director or Trustee of the
Funds.
Peter E. Madden
One Royal Palm Way
100 Royal Palm Way
Palm Beach, FL
Birthdate: March 16, 1942
Trustee
Consultant; Former State Representative, Commonwealth of Massachusetts;
formerly, President, State Street Bank and Trust Company and State Street Boston
Corporation; Director or Trustee of the Funds.
John E. Murray, Jr., J.D., S.J.D.
President, Duquesne University
Pittsburgh, PA
Birthdate: December 20, 1932
Trustee
President, Law Professor, Duquesne University; Consulting Partner, Mollica &
Murray; Director or Trustee of the Funds.
Previously Elected Trustees
John F. Donahue#*
Federated Investors Tower
Pittsburgh, PA
Birthdate: July 28, 1924
Chairman and Trustee
Chairman and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; Chairman and Director, Federated Research
Corp. and Federated Global Research Corp.; Chairman, Passport Research, Ltd.;
Chief Executive Officer and Director or Trustee of the Funds. Mr. Donahue is the
father of J. Christopher Donahue, Executive Vice President of the Company.
Glen R. Johnson
Federated Investors Tower
Pittsburgh, PA
Birthdate: May 29, 1929
President and Trustee
Trustee, Federated Investors; President and/or Trustee of some of the Funds;
staff member, Federated Securities Corp.
William J. Copeland
One PNC Plaza - 23rd Floor
Pittsburgh, PA
Birthdate: July 4, 1918
Trustee
Director and Member of the Executive Committee, Michael Baker, Inc.; formerly,
Vice Chairman and Director, PNC Bank, N.A., and PNC Bank Corp.; Director, Ryan
Homes, Inc.; Director or Trustee of the Funds.
James E. Dowd
571 Hayward Mill Road
Concord, MA
Birthdate: May 18, 1922
Trustee
Attorney-at-law; Director, The Emerging Germany Fund, Inc.; Director or Trustee
of the Funds.
Lawrence D. Ellis, M.D.*
3471 Fifth Avenue, Suite 1111
Pittsburgh, PA
Birthdate: October 11, 1932
Trustee
Professor of Medicine, University of Pittsburgh; Medical Director, University of
Pittsburgh Medical Center--Downtown; Member, Board of Directors, University of
Pittsburgh Medical Center; formerly, Hematologist, Oncologist, and Internist,
Presbyterian and Montefiore Hospitals; Director or Trustee of the Funds.
Edward L. Flaherty, Jr.#
Miller, Ament, Henny & Kochuba
205 Ross Street
Pittsburgh, PA
Birthdate: June 18, 1924
Trustee
Attorney of Counsel, Miller, Ament, Henny & Kochuba; Director, Eat'N Park
Restaurants, Inc.; formerly, Counsel, Horizon Financial, F.A., Western Region;
Director or Trustee of the Funds.
Wesley W. Posvar
1202 Cathedral of Learning
University of Pittsburgh
Pittsburgh, PA
Birthdate: September 14, 1925
Trustee
Professor, International Politics; Management Consultant; Trustee, Carnegie
Endowment for International Peace, RAND Corporation, Online Computer Library
Center, Inc., National Defense University and U.S. Space Foundation; President
Emeritus, University of Pittsburgh; Founding Chairman, National Advisory Council
for Environmental Policy and Technology, Federal Emergency Management Advisory
Board and Czech Management Center, Prague; Director or Trustee of the Funds.
Marjorie P. Smuts
4905 Bayard Street
Pittsburgh, PA
Birthdate: June 21, 1935
Trustee
Public Relations/Marketing/Conference Planning; Director or Trustee of the
Funds.
* This Trustee is deemed to be an "interested person" as defined in the 1940
Act.
# Member of the Executive Committee. The Executive Committee of the Board of
Trustees handles the responsibilities of the Board between meetings of the
Board.
As referred to in the preceding table, "The Funds" or "Funds" includes the
following investment companies: 111 Corcoran Funds; Automated Government Money
Trust; Blanchard Funds; Blanchard Precious Metals Fund, Inc.; Cash Trust Series
II; Cash Trust Series, Inc.; DG Investor Series; Edward D. Jones & Co. Daily
Passport Cash Trust; Federated Adjustable Rate U.S. Government Fund, Inc.;
Federated American Leaders Fund, Inc.; Federated ARMs Fund; Federated Core
Trust; Federated Equity Funds; Federated Equity Income Fund, Inc.; Federated
Fund for U.S. Government Securities, Inc.; Federated GNMA Trust; Federated
Government Income Securities, Inc.; Federated Government Trust; Federated High
Income Bond Fund, Inc.; Federated High Yield Trust; Federated Income Securities
Trust; Federated Income Trust; Federated Index Trust; Federated Institutional
Trust; Federated Insurance Series; Federated Investment Portfolios; Federated
Investment Trust; Federated Master Trust; Federated Municipal Opportunities
Fund, Inc.; Federated Municipal Securities Fund, Inc.; Federated Municipal
Trust; Federated Short-Term Municipal Trust; Federated Short-Term U.S.
Government Trust; Federated Stock and Bond Fund, Inc.; Federated Stock Trust;
Federated Tax-Free Trust; Federated Total Return Series, Inc.; Federated U.S.
Government Bond Fund; Federated U.S. Government Securities Fund: 1-3 Years;
Federated U.S. Government Securities Fund: 2-5 Years; Federated U.S. Government
Securities Fund: 5-10 Years; Federated Utility Fund, Inc.; First Priority Funds;
Fixed Income Securities, Inc.; High Yield Cash Trust; Intermediate Municipal
Trust; International Series, Inc.; Investment Series Funds, Inc.; Investment
Series Trust; Liberty Term Trust, Inc. - 1999; Liberty U.S. Government Money
Market Trust; Liquid Cash Trust; Managed Series Trust; Money Market Management,
Inc.; Money Market Obligations Trust; Money Market Obligations Trust II; Money
Market Trust; Municipal Securities Income Trust; Newpoint Funds; RIMCO Monument
Funds; Targeted Duration Trust; Tax-Free Instruments Trust; The Planters Funds;
The Virtus Funds; Trust for Financial Institutions; Trust for Government Cash
Reserves; Trust for Short-Term U.S. Government Securities; Trust for U.S.
Treasury Obligations; WCT Funds; WesMark Funds; and World Investment Series,
Inc.
Share Ownership of the Trust
Officers and Trustees of the Funds own less than 1% of the Funds' outstanding
Shares.
At the close of business on the Record Date, the following persons owned, to the
knowledge of management, more than 5% of the outstanding Shares of the Funds:
Alabama Municipal Cash Trust: Hubco, Birmingham, Alabama, owned approximately
45,983,724 shares (25.33%); and Lynspen & Co., Birmingham, Alabama, owned
approximately 33,303,678 shares (18.34%). California Municipal Cash Trust
(Institutional Service Shares): Piper Jaffray Inc., Minneapolis, Minnesota,
owned approximately 40,779,851 shares (12.94%); Swiss Bank Corporation, New
York, New York, owned approximately 35,340,030 shares (11.21%); Naidot & Co.,
Woodbridge, New Jersey, owned approximately 27,978,400 shares (8.88%); State
Street Bank & Trust, North Quincy, Massachusetts, owned approximately 20,924,038
shares (6.64%); and Citibank NA, Long Island City, New York, owned approximately
20,072,723 shares (6.37%). California Municipal Cash Trust (Institutional
Shares): Repub & Co., Los Angeles, California, owned approximately 13,699,300
shares (28.86%); Palsan Company, San Francisco, California, owned approximately
9,636,348 shares (20.30%); SBT & Co., La Jolla, California, owned approximately
6,011,508 shares (12.66%); Santa Monica Bank, Santa Monica, California, owned
approximately 5,933,185 shares (12.50%); Key Trust Co., Cleveland, Ohio, owned
approximately 4,100,000 shares (8.64%); and Union Safe Deposit Bank, Stockton,
California, owned approximately 3,583,509 shares (7.55%). Florida Municipal Cash
Trust (Cash II Shares): Trustman-Suntrust Bank, Atlanta, Georgia, owned
approximately 109,136,540 shares (98.93%). Florida Municipal Cash Trust
(Institutional Shares): Charles Schwab & Co. Inc., San Francisco, California,
owned approximately 444,412,359 shares (66.80%); and Calhoun & Co., Detroit,
Michigan, owned approximately 48,237,547 shares (7.25%). Georgia Municipal Cash
Trust: Wachovia Bank of North Carolina, Winston-Salem, North Carolina, owned
approximately 23,560,380 shares (14.10%); Cobatco, Columbus, Georgia, owned
approximately 22,679,596 shares (13.58%); First Union National Bank, Charlotte,
North Carolina, owned approximately 17,016,889 shares (10.19%); BHC Securities
Inc., Philadelphia, Pennsylvania, owned approximately 15,902,129 shares (9.52%).
Maryland Municipal Cash Trust: Arthur L. Smith & Lola L. Smith, Baltimore,
Maryland, owned approximately 9,022,997 shares (16.04%); First Union Capital
Markets Corp., Charlotte, North Carolina, owned approximately 8,821,873 shares
(15.68%); David Ritz, Potomac, Maryland, owned approximately 3,387,392 shares
(6.02%). Michigan Municipal Cash Trust (Institutional Service Shares): McDonald
& Co. Securities Inc., Cincinnati, Ohio, owned approximately 56,580,631 shares
(35.20%); Enbanco, Traverse City, Michigan, owned approximately 8,456,584 shares
(5.26%). Michigan Municipal Cash Trust (Institutional Shares): First Mar & Co.,
Marquette, Michigan, owned approximately 9,697,960 shares (52.24%); Sunatco
Partnership, Hancock, Michigan, owned approximately 6,071,067 shares (32.70%);
and Huntington Tax-Free Bond Fund, Holland, Michigan, owned approximately
1,005,924 shares (5.42%). Minnesota Municipal Cash Trust (Cash Series Shares):
Norwest Investment Services Inc., Minneapolis, Minnesota, owned approximately
68,194,115 shares (25.11%); Piper Jaffray Inc., Minneapolis, Minnesota, owned
approximately 47,105,521 shares (17.34%); FBS Investment Services Inc.,
Minneapolis, Minnesota, owned approximately 37,976,114 shares (13.98%); MJK
Clearing, Minneapolis, Minnesota, owned approximately 28,584,098 shares
(10.52%); and Regional Operations Group-Interra Clearing Services, Minneapolis,
Minnesota, owned approximately 22,487,549 shares (8.28%). Minnesota Municipal
Cash Trust (Institutional Shares): VAR & Co., St. Paul, Minnesota, owned
approximately 219,295,473 shares (65.06%); and Resource Bank & Trust Co.,
Minneapolis, Minnesota, owned approximately 50,667,790 shares (15.03%). New
Jersey Municipal Cash Trust (Institutional Service Shares): Fiduciary Tr. Co.
International, New York, New York, owned approximately 10,940,500 shares
(18.66%); First Union National Bank, Charlotte, North Carolina, owned
approximately 6,687,993 shares (11.40%); Radnor Alloys Inc., Cranbury, New
Jersey, owned approximately 5,604,659 shares (9.56%); Managed Healthcare System
of NJ, New York, New York, owned approximately 5,264,823 shares (8.98%); and
Victers Three D Inc., Maywood, New Jersey, owned approximately 4,040,440 shares
(6.89%). New Jersey Municipal Cash Trust (Institutional Shares): Fleet
Securities Corp., Rochester, New York, owned approximately 46,598,172 shares
(28.82%); Fiduciary Tr. Co. International, New York, New York, owned
approximately 36,748,000 shares (22.73%); United National Bank, Bridgewater, New
Jersey, owned approximately 21,530,107 shares (13.32%); Corestates Bank NA,
Philadelphia, Pennsylvania, owned approximately 15,871,766 shares (9.82%);
Tellson & Co., Gladstone, New Jersey, owned approximately 15,760,532 shares
(9.75%); and The Bopac Company, Clifton, New Jersey, owned approximately
11,658,560 shares (7.21%). New York Municipal Cash Trust (Cash II Shares): North
Fork Bank, Mattituck, New York, owned approximately 4,723,265 shares (17.04%);
Barrons Educational Series Inc., Hauppa, New York, owned approximately 4,223,474
shares (15.24%); Compass Investment Svcs Corp., Melville, New York, owned
approximately 2,738,001 shares (9.88%); and Kent Michael Wolgemuth, New York,
New York, owned approximately 1,481,443 shares (5.35%). New York Municipal Cash
Trust (Institutional Service Shares): Fiduciary Tr Co International, New York,
New York, owned approximately 112,335,000 shares (20.63%); and Fleet Securities
Corp., Rochester, New York, owned approximately 63,312,412 shares (11.63%).
North Carolina Municipal Cash Trust: First Union National Bank, Charlotte, North
Carolina, owned approximately 56,804,670 shares (28.52%); Nations Housing Fund,
Columbia, Maryland, owned approximately 12,037,659 shares (6.04%); Stephens
Inc., Little Rock, Arkansas, owned approximately 11,753,811 shares (5.90%); and
Scott & Stringfellow Inc., Richmond, Virginia, owned approximately 9,968,785
shares (5.00%). Tennessee Municipal Cash Trust (Institutional Service Shares):
Okeena & Co., Dyersburg, Tennessee, owned approximately 4,789,578 shares
(15.16%); BHC Securities Inc., Philadelphia, Pennsylvania, owned approximately
4,264,659 shares (13.50%); Lassiter, Tidwell & Hildebrand PLLC, Nashville,
Tennessee, owned approximately 3,106,125 shares (9.83%); Derril Reeves &
Margaret Reeves, Brentwood, Tennessee, owned approximately 2,060,376 shares
(6.52%); and Joseph C. Hutts & Sandra H. Hutts, Brentwood Tennessee, owned
approximately 1,750,803 shares (5.54%). Tennessee Municipal Cash Trust
(Institutional Shares): Trust Co. of Knoxville, Knoxville, Tennessee, owned
approximately 10,703,702 shares (42.55%); Reep & Co., Chattanooga, Tennessee,
owned approximately 8,456,235 shares (33.62%); Sharp Market & Company,
Knoxville, Tennessee, owned approximately 3,363,750 shares (13.37%); Chase
Manhattan Bank, Brooklyn, New York, owned approximately 1,265,466 shares
(5.03%). Virginia Municipal Cash Trust (Institutional Service Shares): Scott &
Stringfellow Inc., Richmond, Virginia, owned approximately 44,277,954 shares
(21.23%); and First Union National Bank, Charlotte, North Carolina, owned
approximately 12,883,689 shares (6.18%). Virginia Municipal Cash Trust
(Institutional Shares): Old Dominion Trust Co., Norfolk, Virginia, owned
approximately 6,144,194 shares (17.18%); Comfort & Co., Hampton, Virginia, owned
approximately 5,470,717 shares (15.30%); Eamco, Washington, DC, owned
approximately 5,089,081 shares (14.23%); Warrtrust & Company, Warrenton,
Virginia, owned approximately 4,678,644 shares (13.08%); and Vatco, Richmond,
Virginia, owned approximately 4,307,901 shares (12.05%).
Trustee Compensation
Aggregate
Name, Compensation
Position With From Total Compensation Paid
Trust Trust*# From Fund Complex
- --------------------------------------------------------------------------------
John F. Donahue, $0 $-0- for the Trust and
Chairman and Trustee 56 other investment companies in the Complex
Glen R. Johnson $0 $0 for the Trust and
President and Trustee 18 other investment companies in the Complex
Thomas G. Bigley $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
John T. Conroy $4,443 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
William J. Copeland $4,443 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
James E. Dowd $4,443 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
Lawrence D. Ellis, M.D. $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Edward L. Flaherty, Jr. $4,443 $122,362 for the Trust and
Trustee 56 other investment companies in the Complex
Peter E. Madden $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
John E. Murray, Jr. $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Wesley W. Posvar $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
Marjorie P. Smuts $4,038 $111,222 for the Trust and
Trustee 56 other investment companies in the Complex
* Information is furnished for the fiscal year ended October 31, 1997.
# The aggregate compensation is provided for the Trust which is comprised of 16
portfolios.
The information is provided for the last calendar year.
During the fiscal year ended October 31, 1997, there were four meetings of
the Board of Trustees. The interested Trustees, other than Dr. Ellis, do not
receive fees from the Trust. Dr. Ellis is an interested person by reason of the
employment of his son-in-law by Federated Securities Corp. All Trustees were
reimbursed for expenses for attendance at Board of Trustees meetings.
Other than its Executive Committee, the Trust has one Board committee, the
Audit Committee. Generally, the function of the Audit Committee is to assist the
Board of Trustees in fulfilling its duties relating to the Funds' accounting and
financial reporting practices and to serve as a direct line of communication
between the Board of Trustees and the independent auditors. The specific
functions of the Audit Committee include recommending the engagement or
retention of the independent auditors, reviewing with the independent auditors
the plan and the results of the auditing engagement, approving professional
services provided by the independent auditors prior to the performance of such
services, considering the range of audit and non-audit fees, reviewing the
independence of the independent auditors, reviewing the scope and results of the
Funds' procedures for internal auditing, and reviewing the Funds' system of
internal accounting controls.
Messrs. Flaherty, Conroy, Copeland, and Dowd serve on the Audit Committee.
These Trustees are not interested Trustees of the Trust. During the fiscal year
ended October 31, 1997, there were four meetings of the Audit Committee. All of
the members of the Audit Committee were present for each meeting. Each member of
the Audit Committee receives an annual fee of $100 plus $25 for attendance at
each meeting and is reimbursed for expenses of attendance.
Officers of the Trust
The executive officers of the Trust are elected annually by the Board of
Trustees. Each officer holds the office until qualification of his successor.
The names and birthdates of the executive officers of the Trust and their
principal occupations during the last five years are as follows:
John F. Donahue#*
Federated Investors Tower
Pittsburgh, PA
Birthdate: July 28, 1924
Chairman and Trustee
Chairman and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; Chairman and Director, Federated Research
Corp. and Federated Global Research Corp.; Chairman, Passport Research, Ltd.;
Chief Executive Officer and Director or Trustee of the Funds. Mr. Donahue is the
father of J. Christopher Donahue, Executive Vice President of the Company.
Glen R. Johnson
Federated Investors Tower
Pittsburgh, PA
Birthdate: May 29, 1929
President and Trustee
Trustee, Federated Investors; President and/or Trustee of some of the Funds;
staff member, Federated Securities Corp.
J. Christopher Donahue
Federated Investors Tower
Pittsburgh, PA
Birthdate: April 11, 1949
Executive Vice President
President and Trustee, Federated Investors, Federated Advisers, Federated
Management, and Federated Research; President and Director, Federated Research
Corp. and Federated Global Research Corp.; President, Passport Research, Ltd.;
Trustee, Federated Shareholder Services Company and Federated Shareholder
Services; Director, Federated Services Company; President or Executive Vice
President of the Funds; Director or Trustee of some of the Funds. Mr. Donahue is
the son of John F. Donahue, Chairman and Trustee of the Company.
Edward C. Gonzales
Federated Investors Tower
Pittsburgh, PA
Birthdate: October 22, 1930
Executive Vice President
Vice Chairman, Treasurer, and Trustee, Federated Investors; Vice President,
Federated Advisers, Federated Management, Federated Research, Federated Research
Corp., Federated Global Research Corp. and Passport Research, Ltd.; Executive
Vice President and Director, Federated Securities Corp.; Trustee, Federated
Shareholder Services Company; Trustee or Director of some of the Funds;
President, Executive Vice President and Treasurer of some of the Funds.
John W. McGonigle
Federated Investors Tower
Pittsburgh, PA
Birthdate: October 26, 1938
Executive Vice President, Secretary, and Treasurer
Executive Vice President, Secretary, and Trustee, Federated Investors; Trustee,
Federated Advisers, Federated Management, and Federated Research; Director,
Federated Research Corp. and Federated Global Research Corp.; Trustee, Federated
Shareholder Services Company; Director, Federated Services Company; President
and Trustee, Federated Shareholder Services; Director, Federated Securities
Corp.; Executive Vice President and Secretary of the Funds; Treasurer of some of
the Funds.
Richard B. Fisher
Federated Investors Tower
Pittsburgh, PA
Birthdate: May 17, 1923
Vice President
Executive Vice President and Trustee, Federated Investors; Chairman and
Director, Federated Securities Corp.; President or Vice President of some of the
Funds; Director or Trustee of some of the Funds.
None of the Officers of the Trust received salaries from the Trust during the
fiscal year ended October 31, 1997.
Federated Services Company, a subsidiary of Federated Investors, is the
Funds' administrator and provides administrative personnel and services to the
Funds for a fee as described in the prospectus. For the fiscal year ended
October 31, 1997, Federated Services Company earned the amounts set forth below:
Alabama Municipal Cash Trust $166,497
California Municipal Cash Trust $167,256
Florida Municipal Cash Trust $437,669
Georgia Municipal Cash Trust $125,351
Maryland Municipal Cash Trust $125,000
Michigan Municipal Cash Trust $155,000
Minnesota Municipal Cash Trust $338,975
New Jersey Municipal Cash Trust $669,639 ($176,158 waived)
New York Municipal Cash Trust $337,389
North Carolina Municipal Cash Trust $126,345
Tennessee Municipal Cash Trust $154,970
Virginia Municipal Cash Trust $166,299
OTHER MATTERS AND DISCRETION OF ATTORNEYS NAMED IN THE PROXY
The Funds are not required, and do not intend, to hold annual meetings of
shareholders. Shareholders wishing to submit proposals for consideration for
inclusion in a proxy statement for the next meeting of shareholders should send
their written proposals to Federated Municipal Trust, Federated Investors Funds,
5800 Corporate Drive, Pittsburgh, Pennsylvania 15237-7000, so that they are
received within a reasonable time before any such meeting.
No business other than the matter described above is expected to come
before the Special Meeting, but should any other matter requiring a vote of
shareholders arise, including any question as to an adjournment or postponement
of the Special Meeting, the persons named on the enclosed proxy card will vote
on such matters according to their best judgment in the interests of the Funds.
SHAREHOLDERS ARE REQUESTED TO COMPLETE,
DATE AND SIGN THE ENCLOSED
PROXY CARD AND RETURN IT IN
THE ENCLOSED ENVELOPE, WHICH
NEEDS NO POSTAGE IF MAILED IN
THE UNITED STATES.
By Order of the Trustees
John W. McGonigle
Secretary
March 9, 1998
FEDERATED MUNICIPAL TRUST
Alabama Municipal Cash Trust
California Municipal Cash Trust
Florida Municipal Cash Trust
Georgia Municipal Cash Trust
Maryland Municipal Cash Trust
Michigan Municipal Cash Trust
Minnesota Municipal Cash Trust
New Jersey Municipal Cash Trust
New York Municipal Cash Trust
North Carolina Municipal Cash Trust
Tennessee Municipal Cash Trust
Virginia Municipal Cash Trust
Investment Adviser
FEDERATED MANAGEMENT
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Distributor
FEDERATED SECURITIES CORP.
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Administrator
FEDERATED SERVICES COMPANY
Federated Investors Tower
1001 Liberty Avenue
Pittsburgh, Pennsylvania 15222-3779
Cusip 314229790 Cusip 314229402
Cusip 314229766 Cusip 314229600
Cusip 314229675 Cusip 314229709
Cusip 314229758 Cusip 314229741
Cusip 314229683 Cusip 314229733
Cusip 314229691 Cusip 314229782
Cusip 314229774 Cusip 314229634
Cusip 314229725 Cusip 314229642
Cusip 314229667 Cusip 314229816
Cusip 314229873 Cusip 314229824
G02300-02 (3/98)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
[ X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or
Sec. 240.14a-12
FEDERATED MUNICIPAL TRUST
................................................................................
(Name of Registrant as Specified In Its Charter)
Federated Investors
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X ]No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
1. Title of each class of securities to which transaction applies:
2. Aggregate number of securities to which transaction applies:
3. Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
4. Proposed maximum aggregate value of transaction:
5. Total fee paid:
[ ] Fee paid previously with preliminary proxy materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
---------------------------------------------------------------
2) Form, Schedule or Registration Statement No.:
---------------------------------------------------------------
3) Filing Party:
---------------------------------------------------------------
4) Date Filed: