1940 Act File No. 811-07461
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 X
Amendment No. _ 4_ ..................................... X
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FEDERATED INVESTMENT PORTFOLIOS
(Exact name of Registrant as Specified in Charter)
Federated Investors Funds
5800 Corporate Drive, Pittsburgh, Pennsylvania 15222-7000
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
John W. McGonigle, Esquire,
Federated Investors Tower,
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
...... Copies To:
Matthew G. Maloney, Esquire
Dickstein Shapiro Morin & Oshinsky LLP
2101 L Street, N.W.
Washington, D.C. 20037
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EXPLANATORY NOTE
This Amendment to the Registrant's Registration Statement on Form N-1A (the
"Registration Statement") has been filed by the Registrant pursuant to Section
8(b) of the Investment Company Act of 1940. However, beneficial interests in the
series of the Registrant are not registered under the Securities Act of 1933(
the "1933 Act"), because such interests will be issued solely in private
placement transactions that do not involve any "public offering" within the
meaning of Section 4(2) of the 1933 Act. Investments in the Registrant's series
may only be made by investment companies, insurance company separate accounts,
common or commingled trust funds or similar organizations or entities that are
"accredited investors" within the meaning of Regulation D under the 1933 Act.
This Registration Statement does not constitute an offer to sell, or the
solicitation of an offer to buy, any beneficial interests in any series of the
Registrant.
Federated Investment Portfolios
PART A DATED MAY 21, 1998
Responses to Items 1, 2, 3 and 5(a) have been omitted pursuant to paragraph 4 of
Instruction F of the General Instructions to Form N-1A.
Item 4. General Description of Registrant
Federated Investment Portfolios (the "Trust") is an open-end management
investment company which was organized as a Massachusetts business trust under a
Declaration of Trust dated as of September 29, 1995. The Declaration permits the
Trust to offer separate series of shares of beneficial interest representing
interests in separate portfolios of securities ("Series"). The shares in any one
Series may be offered in separate classes. The Board of Trustees ("Trustees") is
currently offering one diversified Series, Bond Index Portfolio (the
"Portfolio").
Beneficial interests in the Portfolio are issued solely in private placement
transactions which do not involve any "public offering" within the meaning of
Section 4(2) of the Securities Act of 1933, as amended (the "1933 Act").
Investments in the Portfolio may only be made by investment companies, insurance
company separate accounts, common or commingled trust funds or similar
organizations or entities that are "accredited investors" within the meaning of
Regulation D under the 1933 Act. This Registration Statement does not constitute
an offer to sell, or the solicitation of an offer to buy, any "security" within
the meaning of the 1933 Act.
Federated Research Corp. is the investment adviser (the "Investment Manager")
for the Portfolio and is responsible for the daily management of the security
holdings of the Portfolio.
The Trust is utilizing certain proprietary rights, know-how and financial
services referred to as Hub and Spoke(R) from Signature Financial Group, Inc.
Hub and Spoke(R) is a two-tier structure master/feeder fund and a registered
service mark of Signature Financial Group, Inc., which is licensed to Federated
Services Company.
Investment Objectives and Policies: Introduction
Unless otherwise stated, the investment objective, policies and strategies
discussed herein and in Part B are deemed "non-fundamental," i.e., the approval
of the investors in the Portfolio is not required to change the Portfolio's
investment objective or any of its investment policies and strategies.
The investment objective of the Portfolio is to provide investment results that
correspond to the investment performance of the Lehman Brothers Aggregate Bond
Index (the "Aggregate Bond Index"), a broad market-weighted index which
encompasses U.S. Treasury and agency securities, corporate investment grade
bonds, and mortgage-backed securities, each with maturities greater than one
year. The Portfolio seeks to achieve its investment objective by replicating the
yield and total return of the Aggregate Bond Index through a statistically
selected sample of debt instruments. The Aggregate Bond Index is a broad
market-weighted index of U.S. investment grade fixed income securities.
Additional information about the investment policies and strategies of the
Portfolio appears in Part B. There can be no assurance that the investment
objective of the Portfolio will be achieved.
Investment Policies and Strategies
The Registrant incorporates by reference information concerning the Portfolio's
investment objective and policies and the risk factors associated with
investments in the Portfolio from the sections entitled "Investment Philosophy
and Strategies", "Additional Investment Strategies and Techniques; Risk
Factors," "Investment Limitations," and "Special Information Concerning Hub and
Spoke" in the Spoke Fund's Prospectuses ("Spoke Fund's Prospectuses"). Further
information about the policies of the Portfolio and risk factors associated with
investments in the Portfolio is incorporated herein by reference from the
sections entitled "Investment Limitations" and "Appendix" in the Spoke Fund's
Statement of Additional Information ("Spoke Fund's SAI").
Item 5. Management of the Registrant
(b-e) Registrant incorporates by reference information concerning the
management of the Portfolio from "Management of the Trust and Federated
Portfolios" and "Service Providers of the Portfolio" in the Spoke Fund's
Prospectuses. Further information about the service providers of the Portfolio
is incorporated herein by reference from the section entitled "Service
Providers" in the Spoke Fund's SAI.
(f) Registrant incorporates by reference information concerning the expenses of
the Trust from the Annual Report to Investors dated May 31, 1997 (File No.
811-07461).
(g) Not applicable.
Item 6. Capital Stock and Other Securities
(a) The Portfolio is a series of the Trust, which is organized as a series
trust under the laws of the Commonwealth of Massachusetts. Under the Declaration
of Trust, the Trustees are authorized to issue beneficial interests in one or
more Series. Currently, only the Bond Index Portfolio is being offered to
investors.
Investments in a Series may not be transferred, but an investor may withdraw all
or any portion of its investment. Certificates of shares of beneficial interests
in the Trust will not be issued. Investors in a Series (e.g., investment
companies, insurance company separate accounts and common and commingled trust
funds) will each be liable for all obligations of that Series (and of no other
Series) or of the overall obligations of the Trust. However, the risk of an
investor in a Series incurring financial loss on account of such liability is
limited to circumstances in which the Series itself is unable to meet its
obligations. Investors in a Series have no preemptive or conversion rights and
are fully paid and non-assessable, except as set forth below.
Each investor is entitled to a vote in proportion to the amount of its
investment in a Series. Investors in a Series do not have cumulative voting
rights, and a plurality of the aggregate beneficial interests in all outstanding
Series may elect all of the Trustees if they choose to do so and in such event
other investors would not be able to elect any Trustees. Investors in each
Series will vote as a separate class, except as to voting for the election or
removal of Trustees, the termination of the Trust, as otherwise required by the
1940 Act, or if determined by the Trustees to be a matter which affects all
Series. As to any matter which does not affect a particular Series, only
investors in the one or more affected Series are entitled to vote. The Trust is
not required and has no current intention of holding annual meetings of
investors, but the Trust will hold special meetings of investors when, in the
judgment of the Trust's Trustees, it is necessary or desirable to submit matters
for an investor vote. Changes in fundamental policies will be submitted to
investors for approval. Investors under certain circumstances (e.g., upon
application and submission of certain specified documents to the Trustees by a
specified number of investors) have the right to communicate with other
investors in connection with requesting a meeting of investors for the purpose
of removing one or more Trustees. Investors also have the right to remove one or
more Trustees without a meeting by a declaration in writing by a specified
number of investors. Upon liquidation of a Series, investors would be entitled
to share pro rata in the net assets of that Series (and no other Series)
available for distribution to investors.
(b) As of May 21, 1998, Federated Bond Index Fund owned 100% of the
beneficial interests of the Portfolio and therefore, may, for certain purposes,
be deemed to control the Portfolio and be able to affect the outcome of certain
matters presented for a vote of shareholders.
(c) Not applicable.
(d) Registrant incorporates by reference information concerning the Portfolio's
capital stock from the section entitled "Description of Federated Portfolios --
Beneficial Interests" in the Spoke Fund's SAI.
(e) Investor inquiries regarding the Trust may be directed to the Trust,
Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779 (1-800-341-7400).
(f) The Portfolio determines its net income and realized capital gains, if
any, on each Portfolio Business Day (as defined below) and allocates all such
income and gain pro rata among the investors in the Portfolio at the time of
such determination.
The "net income" of the Portfolio shall consist of (i) all income accrued, less
the amortization of any premium, on the assets of the Portfolio, less (ii) all
actual and accrued expenses of the Portfolio determined in accordance with
generally accepted accounting principles. Interest income includes discount
earned (including both original issue and market discount) on discount paper
accrued ratably to the date of maturity and any net realized gains or losses on
the assets of the Portfolio. All the net income of the Portfolio is allocated
pro rata among the investors in the Portfolio (and no other Series).
(g) Under its anticipated method of operation, the Portfolio will not be subject
to any income tax. However, each investor in the Portfolio will be taxable on
its share (as determined in accordance with the governing instruments of the
Trust) of the Portfolio's ordinary income and capital gain in determining its
income tax liability. The determination of such share will be made in accordance
with the Internal Revenue Code of 1986 (the "Code"), and regulations promulgated
thereunder.
It is intended that the Portfolio's assets, income and distributions will be
managed in such a way that an investor in the Portfolio will be able to satisfy
the requirements of Subchapter M of the Code, assuming that the investor
invested all of its assets in the Portfolio.
For more information on tax matters, see Item 20 in Part B.
(h) Not applicable.
Item 7. Purchase of Securities Being Offered
(a) Beneficial interests in the Portfolio are issued solely in private placement
transactions which do not involve any "public offering" within the meaning of
Section 4(2) of the 1933 Act. See Item 4 above.
(b) Registrant incorporates by reference information concerning the
Portfolio's placement agent and valuation of securities from the sections
entitled "Service Providers of the Portfolio" and "Investing in Institutional
(or Institutional Service) Shares -- What Shares Cost" in the Spoke Fund's
Prospectuses and "Determining Net Asset Value -- Determining Market Value of
Securities" in the Spoke Fund's SAI.
For additional information on the valuation of the Portfolio's securities, see
Item 19 in Part B.
The Trust reserves the right to cease accepting investments in the Portfolio at
any time or to reject any investment order.
(c) An investment in the Portfolio may be made without sales charge at the net
asset value next determined if an order is received "in good order" by the
Trust.
(d) There is no minimum initial or subsequent investment in the Portfolio.
However, because the Portfolio intends to be as fully invested at all times as
is reasonably practicable in order to enhance the yield on its assets,
investments must be made in federal funds (i.e., monies credited to the account
of the Portfolio's custodian bank by a Federal Reserve Bank).
(e) Not applicable.
(f) Not applicable.
Item 8. Redemption or Repurchase
(a) An investor in the Portfolio may withdraw all or any portion of its
investment at the net asset value next determined if a withdrawal request in
proper form is furnished by the investor to the Trust by the designated cutoff
time for each accredited investor. The proceeds of a reduction or withdrawal
will be paid by the Trust in federal funds normally on the Portfolio Business
Day the withdrawal is effected, but in any event within seven days. The Trust,
on behalf of the Portfolio, reserves the right to pay redemptions in kind. See
Item 19 in Part B. Investments in the Portfolio may not be transferred.
The right of any investor to receive payment with respect to any withdrawal may
be suspended or the payment of the withdrawal proceeds postponed during any
period in which the New York Stock Exchange ("NYSE") is closed (other than
weekends or holidays) or trading on the NYSE is restricted or, to the extent
otherwise permitted by the 1940 Act, if an emergency exists.
(b) Not applicable.
(c) Not applicable.
(d) See Item 8(a) above.
Item 9. Pending Legal Proceedings
None.
Federated Investment Portfolios
PART B DATED MAY 21, 1998
Item 10. Cover Page
This Part B, dated May 21, 1998, sets forth information which may be of
interest to investors but which is not necessarily included in Part A, dated May
21, 1998, as it may be amended from time to time. This Part B should be read
only in conjunction with Part A, a copy of which may be obtained by an investor
without charge by writing the Trust or calling 1-800-341-7400.
Item 11. Table of Contents
General Information and History.......................B-1
Investment Objective and Policies.....................B-1
Management of the Registrant..........................B-1
Control Persons and Principal Holders of Securities...B-1
Investment Advisory and Other Services................B-2
Brokerage Allocation and Other Practices..............B-2
Capital Stock and Other Securities....................B-2
Purchase, Redemption, and Pricing of Securities being Offered B-2
Tax Status............................................B-3
Underwriters..........................................B-3
Calculation of Performance Data.......................B-3
Financial Statements..................................B-3
Item 12. General Information and History
Not applicable.
Item 13. Investment Objective and Policies
(a-c) Part A contains additional information about the investment objectives and
policies and management techniques of the Portfolio. This Part B should only be
read in conjunction with Part A of the registration statement.
Registrant incorporates by reference information concerning the Portfolio's
investment objective and policies from the sections entitled "Investment
Objective and Policies," "Investment Limitations" and "Appendix" in the Spoke
Fund's SAI.
(d) Registrant incorporates by reference information concerning the Portfolio's
portfolio turnover from the section entitled "Portfolio Turnover" in the Spoke
Fund's SAI.
Item 14. Management of the Registrant
(a-c) Registrant incorporates by reference information concerning the management
of the Portfolio from the sections entitled "Management of the Trust and
Federated Portfolios" and "Trustees' Compensation" in the Spoke Fund's SAI.
Item 15. Control Persons and Principal Holders of Securities
(a) As of May 21, 1998, the following investors of record owned 25% or more
of the Portfolio's outstanding beneficial interests:
Federated Bond Index Fund, a portfolio of Federated Investment Trust, a
registered, open-end investment company organized under the laws of the
Commonwealth of Massachusetts, located at Federated Investors Tower, Pittsburgh,
Pennsylvania, 15222-3779, owned 100% of the Portfolio's outstanding beneficial
interests.
(b) See Item 15(a) above.
(c) Officers and Trustees own less than 1% of the Registrant's outstanding
shares.
Item 16. Investment Advisory and Other Services
(a-b) Registrant incorporates by reference information concerning the
investment management and other services of the Portfolio from "Management of
the Trust and Federated Portfolios" and "Service Providers of the Portfolio" in
the Spoke Fund's Prospectuses. Further information about the service providers
of the Portfolio is incorporated herein by reference from the sections entitled
"Investment Advisory Services," "Service Providers," and "Financial Statements"
in the Spoke Fund's SAI.
(c) Federated Investors, Inc. has agreed to maintain total operating expenses
(after waivers and reimbursements) of the Portfolio at no greater than 0.20% of
average net assets.
(d) Registrant incorporates by reference information concerning the
administration of the Portfolio from the sections entitled "Service Providers --
Administration" in the Spoke Fund's SAI.
(e) Not applicable.
(f) Not applicable.
(g) Not applicable.
(h-i) Registrant incorporates by reference information concerning the Custodian,
Portfolio Recordkeeper and Independent Auditors of the Portfolio from the
sections entitled "Service Providers -- Custodian and Portfolio Recordkeeper and
Independent Auditors" in the Spoke Fund's SAI.
Item 17. Brokerage Allocation and Other Practices
Research services provided by brokers and dealers may be used by the
Investment Manager or by its affiliates in advising the Portfolio and other
accounts. To the extent that receipt of these services may supplant services for
which the Investment Manager or its affiliates might otherwise have paid, it
would tend to reduce their expenses.
Registrant incorporates by reference information concerning the Brokerage
Allocation and Other Practices of the Portfolio from the section entitled
"Brokerage Transactions" in the Spoke Fund's SAI.
Item 18. Capital Stock and Other Securities
(a) Registrant incorporates by reference information concerning the Capital
Stock and Other Securities of the Portfolio from the section entitled
"Description of Federated Portfolios -- Beneficial Interests" in the Spoke
Fund's SAI.
Any property of the Trust is allocated and belongs to a specific Series to the
exclusion of all other Series. All consideration received by the Trust for the
issuance and sale of beneficial interests in a particular Series, together with
all assets in which such consideration is invested or reinvested, all income,
earnings and proceeds thereof, and any funds or payments derived from any
reinvestment of such proceeds, is held by the Trustees in a separate account or
accounts (a Series) for the benefit of investors in that Series and irrevocably
belongs to that Series for all purposes.
(b) Not applicable.
Item 19. Purchase, Redemption, and Pricing of Securities Being Offered
(a) Beneficial interests in the Portfolio are issued solely in private placement
transactions that do not involve any "public offering" within the meaning of
Section 4(2) of the 1933 Act. See Item 4 in Part A of this Registration
Statement.
(b) Registrant incorporates by reference information concerning Determining the
Portfolio's Net Asset Value from the section entitled "Determining Net Asset
Value -- Determining Market Value of Securities" in the Spoke Fund's SAI.
(c) The Portfolio reserves the right, at its complete discretion, to redeem its
shares of beneficial interest wholly or partly in portfolio securities
("redemption in kind") instead of in cash, and to deliver one or more portfolio
securities in satisfaction of the redemption request regardless of which
securities were deposited by the investor or the composition of the portfolio of
the Portfolio at the time of redemption.
Item 20. Tax Status
The Trust is organized as a Massachusetts business trust. The Portfolio is not
subject to any income or franchise tax in the Commonwealth of Massachusetts.
However, each investor in the Portfolio will be taxable on its share (as
determined in accordance with the governing instruments of the Trust) of the
Portfolio's ordinary income and capital gains in determining its income tax
liability. The determination of such share will be made in accordance with the
Code and regulations promulgated thereunder.
Registrant incorporates by reference information concerning the Portfolio's Tax
Status from the section entitled "Tax Status -- The Fund's Tax Status" in the
Spoke Fund's SAI.
The Portfolio's taxable year-end will be May 31st. Although, as described above,
the Portfolio will not be subject to federal income tax, it will file
appropriate income tax returns.
There are certain tax issues that will be relevant to only certain of the
investors, specifically investors that are segregated asset accounts and
investors who contribute assets rather than cash to the Portfolio. It is
intended that such segregated asset accounts will be able to satisfy
diversification requirements applicable to them and that such contributions of
assets will not be taxable provided certain requirements are met. Such investors
are advised to consult their own tax advisors as to the tax consequences of an
investment in the Portfolio.
Other Taxation. Investors are advised to consult their own tax advisers with
respect to the particular tax consequences to them of an investment in the
Portfolio.
Item 21. Underwriters
The exclusive placement agent for the Trust is Federated Securities Corp.
which receives no additional compensation for serving in this capacity.
Investment companies, insurance company separate accounts, common and commingled
trust funds and similar organizations and entities may continuously invest in
the Portfolio.
Item 22. Calculation of Performance Data
Not applicable.
Item 23. Financial Statements
(a) Investors of record will receive unaudited semi-annual reports and annual
reports audited by the Portfolio's independent auditors.
(b) The Financial Statements of the Portfolio are incorporated by reference
from the Annual Report to Investors dated May 31, 1997 (File No. 811-07461). The
information contained in the Annual Report represents financial information for
Bond Market Portfolio, a portfolio of St. James Portfolios, for the fiscal year
ended May 31, 1995 (audited) and for the period from June 1, 1995 to January 2,
1996. Effective January 2, 1996 (the "Transaction Date"), the Portfolio received
all of the assets of Excelsior Institutional Bond Index Fund, a series of
Excelsior Institutional Trust, which had invested all of its assets in Bond
Market Portfolio (the "Predecessor Portfolio"), a portfolio of the St. James
Portfolios in exchange for shares of beneficial interest in the Portfolio. These
assets represented substantially all of the Predecessor Portfolio's assets as of
the Transaction Date. The Predecessor Portfolio's information is deemed relevant
with respect to the Portfolio and its investors since the Portfolio's investment
objective, policies, and limitations are essentially identical to those of the
Predecessor Portfolio, and the Portfolio has succeeded to the financial history
and performance of the Predecessor Portfolio.
Past performance is not indicative of future performance. Investment returns and
principal values will vary and beneficial interests in the Portfolio may be
worth more or less at redemption than their original cost.
PART C. OTHER INFORMATION
Responses to Items 24(b)(6), 24(b)(10), 24(b)(11), and
24(b)(12) have been omitted pursuant to paragraph 4 of Instruction F of
the General Instructions to Form N-1A.
Item 24. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements
Incorporated herein by reference to the Annual Report to
Investors, dated May 31, 1997, pursuant to Rule 411 under
the Securities Act of 1933 (File No. 811-07461)
(b) Exhibits
(1) (i) Conformed copy of Registrant's Declaration of Trust; 1
(ii) Conformed copy of Registrant's Amended and
Restated Declaration of Trust (effective March 1,
1996); 2
(2) (i) Copy of By-Laws of the Registrant; 1
(ii) Copy of By-Laws of the Registrant as Amended and
Restated (Effective March 1, 1996); 2
(3) Not applicable;
(4) Not applicable;
(5) (i) Conformed copy of Investment Advisory
Contract of the Registrant; 3
(ii) Conformed copy of the Sub-Advisory Agreement of
the Registrant; 3
(6) Not applicable;
(7) Not applicable;
(8) Conformed copy of the Custodian Agreement of the
Registrant; 3
(9) (i) Conformed copy of Fund Accounting, Administrative
Services and Custody Services Procurement; 3
(ii) Conformed copy of Assignment of Fund Accounting,
Administrative Services and Custody Services
Procurement; 3
(iii) Conformed copy of the Placement Agent Contract of
the Registrant; 2
(iv) Conformed copy of Exhibits A and B to Placement
Agent Contract of the Registrant; 4
(10) Not applicable; (11) Not applicable; (12) Not applicable; (13)
Not applicable; (14) Not applicable; (15) Not applicable; (16) Not
applicable;
(17) Financial Data Schedule; + (18) Not applicable; (19) Conformed
copy of Power of Attorney; 4
+ All exhibits have been filed electronically.
1. Response is incorporated by Reference to Registrant's Initial Registration
Statement on Form N-1A filed December 21, 1995. (File No. 811-07461).
2. Response is incorporated by Reference to Amendment No. 1 to the
Registration Statement of the Registrant on Form N-1A filed March 7, 1996
(File No. 811-07461).
3. Response is incorporated by Reference to Amendment No. 2 to the
Registration Statement of the Registrant on Form N-1A filed September 24,
1996 (File No. 811-07461).
4. Response is incorporated by Reference to Amendment No. 2 to the
Registration Statement of the Registrant on Form N-1A filed September 29,
1997 (File No. 811-07461).
<PAGE>
ITEM 25. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT.
None.
ITEM 26. NUMBER OF HOLDERS OF SECURITIES.
Number of Record Holders Title of Class (as of May 21, 1998)
Bond Index Portfolio 1
ITEM 27. INDEMNIFICATION: (1)
Item 28. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER:
(a) For a description of the other business of the investment adviser, see
the section entitled "Management of the Registrant" in Part A. The
affiliations with the Registrant of four of the Trustees and one of the
Officers of the investment adviser are included in Part B of this
Registration Statement under "Management of the Registrant." The
remaining Trustee of the investment adviser, his position with the
investment adviser, and, in parentheses, his principal occupation is:
Mark D. Olson (Partner, Wilson, Halbrook & Bayard), 107 W. Market
Street, Georgetown, Delaware 19947.
The remaining Officers of the investment adviser are:
Executive Vice Presidents: William D. Dawson, III
Henry A. Frantzen
J. Thomas Madden
Senior Vice Presidents: Joseph M. Balestrino
Drew J. Collins
Jonathan C. Conley
Deborah A. Cunningham
Mark E. Durbiano
Sandra L. McInerney
J. Alan Minteer
Susan M. Nason
Mary Jo Ochson
Robert J. Ostrowski
<PAGE>
Vice Presidents: Todd A. Abraham
J. Scott Albrecht
Randall S. Bauer
David A. Briggs
Micheal W. Casey
Kenneth J. Cody
Alexandre de Bethmann
Michael P. Donnelly
Linda A. Duessel
Donald T. Ellenberger
Kathleen M. Foody-Malus
Thomas M. Franks
Edward C. Gonzales
James E. Grefenstette
Susan R. Hill
Stephen A. Keen
Robert K. Kinsey
Robert M. Kowit
Jeff A. Kozemchak
Steven Lehman
Marian R. Marinack
Charles A. Ritter
Scott B. Schermerhorn
Frank Semack
Aash M. Shah
Christopher Smith
William F. Stotz
Tracy P. Stouffer
Edward J. Tiedge
Paige M. Wilhelm
Jolanta M. Wysocka
Assistant Vice Presidents:
Stefanie L. Bachhuber
Arthur J. Barry
Robert E. Cauley
Lee R. Cunningham, II
Paul S. Drotch
Salvatore A. Esposito
Donna M. Fabiano
John T. Gentry
William R. Jamison
Constantine Kartsonsas
Natalie F. Metz
Joseph M. Natoli
Keith J. Sabol
John Sheehy
Michael W. Sirianni
Gregg S. Tenser
Leonardo A. Vila
Lori A. Wolff
Secretary: Stephen A. Keen
Treasurer: Thomas R. Donahue
Assistant Secretaries: Thomas R. Donahue
Richard B. Fisher
Christine I. McGonigle
Assistant Treasurer: Richard B. Fisher
<PAGE>
The business address of each of the Officers of the investment adviser
is Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779.
These individuals are also officers of a majority of the investment
advisers to the Funds listed in Part B of this Registration Statement.
ITEM 29. PRINCIPAL UNDERWRITERS.
(a) Federated Securities Corp. the Distributor for shares of the
Registrant, acts as principal underwriter for the following
open-end investment companies, including the Registrant:
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 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; Independence One Mutual
Funds; Intermediate Municipal Trust; International Series, Inc.; Investment
Series Funds, Inc.; Investment Series Trust; Liberty U.S. Government Money
Market Trust; Liquid Cash Trust; Managed Series Trust; Marshall Funds, Inc.;
Money Market Management, Inc.; Money Market Obligations Trust; Money Market
Obligations Trust II; Money Market Trust; Municipal Securities Income Trust;
Newpoint Funds; Peachtree Funds; RIMCO Monument Funds; SouthTrust Vulcan Funds;
Star Funds; Targeted Duration Trust; Tax-Free Instruments Trust; The Planters
Funds; The Virtus Funds; The Wachovia Funds; The Wachovia Municipal Funds; Tower
Mutual Funds; Trust for Financial Institutions; Trust for Government Cash
Reserves; Trust for Short-Term U.S. Government Securities; Trust for U.S.
Treasury Obligations; Vision Group of Funds, Inc.; and World Investment Series,
Inc.
Federated Securities Corp. also acts as principal underwriter for the following
closed-end investment company: Liberty Term Trust, Inc.- 1999.
<PAGE>
(b)
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
Richard B. Fisher Director, Chairman, Chief --
Federated Investors Tower Executive Officer, Chief
Pittsburgh, PA 15222-3779 Operating Officer, Asst.
Secretary and Asst.
Treasurer, Federated
Securities Corp.
Edward C. Gonzales Director, Executive Vice --
Federated Investors Tower President, Federated,
Pittsburgh, PA 15222-3779 Securities Corp.
Thomas R. Donahue Director, Assistant Secretary --
Federated Investors Tower and Assistant Treasurer
Pittsburgh, PA 15222-3779 Federated Securities Corp.
James F. Getz President-Broker/Dealer, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John B. Fisher President-Institutional Sales, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David M. Taylor Executive Vice President --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark W. Bloss Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard W. Boyd Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Laura M. Deger Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Theodore Fadool, Jr. Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Bryant R. Fisher Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Christopher T. Fives Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James S. Hamilton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
<PAGE>
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
James M. Heaton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Keith Nixon Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Solon A. Person, IV Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Timothy C. Pillion Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Thomas E. Territ Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Ernest G. Anderson Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Teresa M. Antoszyk Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John B. Bohnet Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Byron F. Bowman Vice President, Secretary, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jane E. Broeren-Lambesis Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David J. Callahan Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mary J. Combs Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
R. Edmond Connell, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
R. Leonard Corton, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Kevin J. Crenny Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
<PAGE>
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
Daniel T. Culbertson Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
G. Michael Cullen Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Marc C. Danile Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William C. Doyle Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jill Ehrenfeld Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark D. Fisher Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Joseph D. Gibbons Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John K. Goettlicher Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Craig S. Gonzales Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Gonzales Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Raymond Hanley Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Bruce E. Hastings Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Beth A. Hetzel Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James E. Hickey Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Charlene H. Jennings Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
<PAGE>
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
Brian G. Kelly Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
H. Joseph Kennedy Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael W. Koenig Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael R. Manning Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark J. Miehl Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Mihm Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
J. Michael Miller Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Alec H. Neilly Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Thomas A. Peters III Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert F. Phillips Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard A. Recker Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Eugene B. Reed Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Paul V. Riordan Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John Rogers Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Brian S. Ronayne Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
<PAGE>
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
Thomas S. Schinabeck Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward L. Smith Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David W. Spears Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John A. Staley Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Colin B. Starks Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jeffrey A. Stewart Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William C. Tustin Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Paul A. Uhlman Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Miles J. Wallace Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John F. Wallin Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard B. Watts Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward J. Wojnarowski Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael P. Wolff Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward R. Bozek Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Terri E. Bush Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
<PAGE>
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Distributor With Registrant
Beth C. Dell Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David L. Immonen Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Renee L. Martin Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert M. Rossi Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Denis McAuley Treasurer, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Leslie K. Platt Assistant Secretary, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
ITEM 30. LOCATION OF ACCOUNTS AND RECORDS.
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and Rules 31a-1 through 31a-3 promulgated
thereunder are maintained at one of the following locations:
Registrant Federated Investors Funds
5800 Corporate Drive
Pittsburgh, PA 15222-7000
Federated Services Federated Investors Tower
Company Pittsburgh, PA 15222-3779
Federated Administrative Federated Investors Tower
Services, Inc. Pittsburgh, PA 15222-3779
(Administrator and
Portfolio Accountant)
Federated Research Corp. Federated Investors Tower
(Adviser) Pittsburgh, PA 15222-3779
State Street Bank and P.O. Box 8600
Trust Company Boston, MA 02266-8600
(Custodian)
ITEM 31. MANAGEMENT SERVICES.
Not applicable.
ITEM 32. UNDERTAKINGS
Not applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
Registrant, Federated Investment Portfolios, has duly caused this Amendment No.
4 to its Registration Statement on Form N-1A to be signed on its behalf by the
undersigned, thereto duly authorized, in the City of Pittsburgh and Commonwealth
of Pennsylvania on the 21st day of May, 1998.
FEDERATED INVESTMENT PORTFOLIOS
By: /s/ Anthony R. Bosch
Anthony R. Bosch, Secretary
May 21, 1998
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> Federated Investment
Portfolios
Bond Index Portfolio
<PERIOD-TYPE> 11-mos
<FISCAL-YEAR-END> May-31-1998
<PERIOD-END> Apr-30-1998
<INVESTMENTS-AT-COST> 57,113,021
<INVESTMENTS-AT-VALUE> 58,121,401
<RECEIVABLES> 926,860
<ASSETS-OTHER> 98,543
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,146,804
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<OTHER-ITEMS-LIABILITIES> 25,230
<TOTAL-LIABILITIES> 25,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,121,574
<SHARES-COMMON-STOCK> 0
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<INTEREST-INCOME> 3,248,748
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<EXPENSES-NET> 99,797
<NET-INVESTMENT-INCOME> 3,148,951
<REALIZED-GAINS-CURRENT> 488,743
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,637,694
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,637,694
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 124,746
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<GROSS-EXPENSE> 295,479
<AVERAGE-NET-ASSETS> 49,600,000
<PER-SHARE-NAV-BEGIN> 0.000
<PER-SHARE-NII> 0.000
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.000
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<AVG-DEBT-PER-SHARE> 0.000
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