Hi,
that command does not exist on this platform, although, if you have route 0.0.0.0/0 x.x.x.x configured on the 5400s and you do redistribute static routes into OSPF then that route should be learned by the 2930F.
If you want to filter out which routes are going to be redistributed then you can apply a route-map to the redistribute static.
Not sure if it's the answer you were looking for but, if you are already redistributing the connected and static routes, then the outcome would be pretty much the same.
If you learn the default route from a different routing protocol like BGP then use the approach before mentioned: redistribute bgp route-map xxx to just allow the default route to go into OSPF.
If you have a different scenario/need please ellaborate so maybe we can try to find a solution.
Hope this helps a bit.
Cheers,
Aarón