Federated Investors is one of the largest institutional investment managers in the United States, and has been a money market leader for over thirty years. Federated manages approximately $260 billion in assets as of 30 June 2007, of which $193.4 billion are money market assets.

The firm offers more than 50 U.S. and offshore money market funds to more than 5,400 institutions and financial intermediaries through its offices in the United States and Europe. Federated was the first U.S. mutual fund company to register in Dublin, Ireland for distribution of funds to the European Union.

For more information about Federated, visit www.federatedinvestors.com.