Federated Florida Municipal Cash Trust (IS) FLMXX

All dividends are exempt from federal regular income tax. Due to the provisions of the Tax Increase Prevention and Reconciliation Act of 2005, these dividends are now required to be reported to you and the Internal Revenue Service on Form 1099-INT.

A portion of the fund's income results from investments in private activity municipal bonds (as described in the prospectus). While these bonds generally offer higher yields than traditional municipal bonds, the income they generate will be a preference item for purposes of calculating the Alternative Minimum Tax (AMT). Fund holdings of AMT securities will vary throughout the year. The amount reported in Box 9 of your Form 1099-INT was calculated using the average AMT percentage for the year. The table below lists the actual percentage of the each distribution paid by the fund which relates to AMT. Please note that the Alternative Minimum Tax percentage does not apply to Short-Term or Long-Term Capital Gain distributions. Your tax advisor can provide you with more information about this tax and your reporting of the fund distributions.

California Residents: Any distributions earned on bonds issued by a state other than California are reported to the California Franchise Tax Board, pursuant to California Revenue and Taxation Code Section 18639.

Some states may exempt from tax the portion of dividends generated by its own municipal obligations. Because of this, a percentage of your dividends may be exempt from state or local taxes.

State tax laws vary, please consult your tax advisor to determine if your state allows this exemption.

Additional tax-free income of 0.42% cannot be allocated to any particular state.

A portion (0.80%) of the fund's income was earned from Puerto Rican securities. These are fully exempt from federal regular income tax and may be exempt from state and local taxes.