Exhibit 17


KNOW ALL PERSONS BY THESE PRESENTS that the  undersigned  shareholders of Golden
Oak(R) Michigan Tax Free Bond Portfolio (the "Portfolio"), a portfolio of Golden
Oak(R)  Family of Funds (the "Golden  Oak(R)  Trust"),  hereby  appoint C. Grant
Anderson, M. Cole Dolinger, Catherine C. Ryan, Ann M. Faust, and William Haas or
any one of them,  true and lawful  attorneys,  with the power of substitution of
each, to vote all shares of the Portfolio  which the  undersigned is entitled to
vote at the Special Meeting of Shareholders  (the "Special  Meeting") to be held
on September __, 2004, at 5800 Corporate  Drive,  Pittsburgh,  Pennsylvania,  at
2:00 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 matter. 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 THE GOLDEN  OAK(R)
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.

Proposal 1.-      To approve or  disapprove a proposed  Agreement  and Plan of
            Reorganization  pursuant to which Federated Michigan  Intermediate
            Municipal Trust (the "Fund"),  a portfolio of Federated  Municipal
            Securities  Income  Trust,  would  acquire  all of the  assets  of
            Golden Oak(R) Michigan Tax Free Bond (the "Portfolio"),  a portfolio
            of Golden  Oak(R)  Family of Funds,  in  exchange  for Shares of the
            Fund to be  distributed  pro rata by the  Portfolio to its Class A
            and  Institutional  shareholders,   in  complete  liquidation  and
            termination of the Portfolio.

                        FOR                     [   ]

                        AGAINST                 [   ]

                        ABSTAIN                 [   ]



                                       YOUR VOTE IS IMPORTANT

                                       Please complete, sign and return

                                       this card as soon as possible.


                                       Dated


                                       Signature



Please sign this proxy  exactly as your name  appears on the books of the Trust.
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.