<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0001034106
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FEDERATED CORE TRUST
001 B000000 811-008519
001 C000000 4122886653
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 Y
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 FEDERATED HIGH YIELD BOND PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
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008 A00AA01 FEDERATED ADVISORS
008 B00AA01 A
008 C00AA01 801-34612
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15222
008 D04AA01 3779
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
<PAGE> PAGE 2
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDERS SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8600
015 E01AA01 X
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022 A000001 BT SECURITIES CORPORATION
022 C000001 2075780
022 D000001 0
022 A000002 WESTDEUTSCHE LANDESBANK
022 C000002 1267360
022 D000002 0
022 A000003 CS FIRST BANK CORPORATION
022 C000003 315630
022 D000003 1188
022 A000004 SALOMON BROTHERS INC.
022 C000004 64386
022 D000004 19776
022 A000005 DLJ CAPITAL MARKETS
022 C000005 52771
022 D000005 4981
022 A000006 BEAR STEARNS SECURITIES
022 C000006 26756
022 D000006 5504
<PAGE> PAGE 3
022 A000007 MORGAN STANLEY & CO
022 C000007 18959
022 D000007 2714
022 A000008 MERRILL LYNCH PIERCE FENNER
022 C000008 13146
022 D000008 5033
022 A000009 CHASE SECURITIES INC
022 C000009 16471
022 D000009 996
022 A000010 SALOMON SMITH BARNEY HOLD
022 C000010 11076
022 D000010 5535
023 C000000 3983440
023 D000000 88523
024 00AA00 N
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<PAGE> PAGE 4
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042 A00AA00 0
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<PAGE> PAGE 5
048 G01AA00 0
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048 H01AA00 0
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048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 0
062 A00AA00 Y
062 B00AA00 0.0
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064 B00AA00 N
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067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
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070 A02AA00 Y
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
<PAGE> PAGE 6
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
070 L01AA00 Y
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
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070 O01AA00 N
070 O02AA00 N
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070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
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<PAGE> PAGE 7
072 Q00AA00 90
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072 Y00AA00 0
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072DD01AA00 38806
072DD02AA00 0
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073 A01AA00 0.8400
073 A02AA00 0.0000
073 B00AA00 0.0500
073 C00AA00 0.0000
074 A00AA00 5
074 B00AA00 42580
074 C00AA00 0
074 D00AA00 494098
074 E00AA00 19960
074 F00AA00 92
074 G00AA00 0
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074 N00AA00 565952
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074 S00AA00 0
074 T00AA00 561806
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<PAGE> PAGE 8
075 A00AA00 444642
075 B00AA00 0
076 00AA00 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 LLOYD'S OF LONDON
080 B00AA00 ZURICH INSURANCE COMPANY;RELIANCE INSURANCE C
080 C00AA00 70000
081 A00AA00 Y
081 B00AA00 159
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> High Yield Bond Portfolio
<SERIES>
<NUMBER>01
<NAME> High Yield Bond Portfolio
<S> <C>
<PERIOD-TYPE> 12-month
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> "571,045,742"
<INVESTMENTS-AT-VALUE> "557,016,822"
<RECEIVABLES> "8,930,454"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> "5,429"
<TOTAL-ASSETS> "565,952,705"
<PAYABLE-FOR-SECURITIES> "4,087,340"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "59,455"
<TOTAL-LIABILITIES> "4,146,795"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> "60,385,120"
<SHARES-COMMON-PRIOR> "45,047,262"
<ACCUMULATED-NII-CURRENT> "29,810"
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "1,412,959"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "(14,028,920)"
<NET-ASSETS> "561,805,910"
<DIVIDEND-INCOME> "1,483,719"
<INTEREST-INCOME> "37,475,642"
<OTHER-INCOME> 0
<EXPENSES-NET> "(152,875)"
<NET-INVESTMENT-INCOME> "38,806,486"
<REALIZED-GAINS-CURRENT> "4,134,201"
<APPREC-INCREASE-CURRENT> "(14,028,920)"
<NET-CHANGE-FROM-OPS> "28,911,767"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(38,806,486)"
<DISTRIBUTIONS-OF-GAINS> "(2,691,432)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "76,779,274"
<NUMBER-OF-SHARES-REDEEMED> "(20,734,326)"
<SHARES-REINVESTED> "4,340,172"
<NET-CHANGE-IN-ASSETS> "561,805,910"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "152,875"
<AVERAGE-NET-ASSETS> "444,642,345"
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.840
<PER-SHARE-GAIN-APPREC> (0.650)
<PER-SHARE-DIVIDEND> (0.840)
<PER-SHARE-DISTRIBUTIONS> (0.050)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.300
<EXPENSE-RATIO> 0.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
ITEM 77Q - EXHIBIT I
Federated Core Trust
Amendment #1
to the By-Laws
(effective February 23, 1998)
Delete Sections 1, 2 and 3 of Article I, OFFICERS AND THEIR ELECTION, and
replace with:
Section 1. Officers. The Officers of the Trust shall be a
President, one or more Vice Presidents, a Treasurer, and a
Secretary. The Board of Trustees, in its discretion, may also
elect or appoint a Chairman of the Board of Trustees (who must be
a Trustee) and other Officers or agents, including one or more
Assistant Vice Presidents, one or more Assistant Secretaries, and
one or more Assistant Treasurers. A Vice President, the Secretary
or the Treasurer may appoint an Assistant Vice President, an
Assistant Secretary or an Assistant Treasurer, respectively, to
serve until the next election of Officers. Two or more offices
may be held by a single person except the offices of President and
Vice President may not be held by the same person concurrently.
It shall not be necessary for any Trustee or any Officer to be a
holder of shares in any Series or Class of the Trust.
Section 2. Election of Officers. The Officers shall be elected
annually by the Trustees. Each Officer shall hold office for one
year and until the election and qualification of his successor, or
until earlier resignation or removal. The Chairman of the Board
of Trustees, if there is one, shall be elected annually by and
from the Trustees, and serve until a successor is so elected and
qualified, or until earlier resignation or removal.
Section 3. Resignations and Removals and Vacancies. Any Officer
of the Trust may resign at any time by filing a written
resignation with the Board of Trustees (or Chairman of the
Trustees, if there is one), with the President, or with the
Secretary. Any such resignation shall take effect at the time
specified therein or, if no time is specified, at the time of
receipt. Unless otherwise specified therein, the acceptance of
such resignation shall not be necessary to make it effective. Any
Officer elected by the Board of Trustees or whose appointment has
been ratified by the Board of Trustees may be removed with or
without cause at any time by a majority vote of all of the
Trustees. Any other employee of the Trust may be removed or
dismissed at any time by the President. Any vacancy in any of the
offices, whether by resignation, removal or otherwise, may be
filled for the unexpired portion of the term by the President. A
vacancy in the office of Assistant Vice President may be filled by
a Vice President; in the office of Assistant Secretary by the
Secretary; or in the office of Assistant Treasurer by the
Treasurer. Any appointment to fill any vacancy shall serve
subject to ratification by the Board of Trustees at its next
regular meeting.
ITEM 77Q - EXHIBIT II
Federated Core Trust
Amendment #2
to the By-Laws
(effective February 27, 1998)
Delete Section 5 Proxies of Article IV Investors' Meetings, and replace with
the following:
Section 5. Proxies. Any shareholder entitled to vote at any
meeting of shareholders may vote either in person, by telephone,
by electronic means including facsimile, or by proxy, but no proxy
which is dated more than six months before the meeting named
therein shall be accepted unless otherwise provided in the proxy.
Every proxy shall be in writing, subscribed by the shareholder or
his duly authorized agent or be in such other form as may be
permitted by law, including documents conveyed by electronic
transmission. Every proxy shall be dated, but need not be sealed,
witnessed or acknowledged. The placing of a shareholder's name on
a proxy or authorizing another to act as the shareholder's agent,
pursuant to telephone or electronically transmitted instructions
obtained in accordance with procedures reasonably designed to
verify that such instructions have been authorized by such
shareholder, shall constitute execution of a proxy by or on behalf
of such shareholder. Where Shares are held of record by more than
one person, any co-owner or co-fiduciary may execute the proxy or
give authority to an agent, unless the Secretary of the Trust is
notified in writing by any co-owner or co-fiduciary that the
joinder of more than one is to be required. All proxies shall be
filed with and verified by the Secretary or an Assistant Secretary
of the Trust, or the person acting as Secretary of the Meeting.
Unless otherwise specifically limited by their term, all proxies
shall entitle the holders thereof to vote at any adjournment of
such meeting but shall not be valid after the final adjournment of
such meeting.
ITEM 77Q - EXHIBIT III
Federated Core Trust
Amendment #3
to the By-Laws
(effective May 12, 1998)
Strike Section 3 - Place of Meeting of Article IV - Shareholders' Meetings and
replace it with the following:
Section 3. Place of Meeting. Meetings of the shareholders of the
Trust or a particular Series or Class shall be held at such place
within or without The Commonwealth of Massachusetts as may be
fixed from time to time by resolution of the Trustees.
Strike Section 6 - Place of Meeting of Article V - Trustees' Meetings
and replace it with the following:
Section 6. Place of Meeting. Meetings of the Trustees shall be
held at such place within or without The Commonwealth of
Massachusetts as fixed from time to time by resolution of the
Trustees, or as the person or persons requesting said meeting to
be called may designate, but any meeting may adjourn to any other
place.
ITEM 77Q - EXHIBIT IV
FEDERATED CORE TRUST
Amendment No. 1
DECLARATION OF TRUST
dated August 21, 1996
THIS Declaration of Trust is amended as follows:
Delete the first paragraph of Section 1 of Article XII from the
Declaration of Trust and substitute in its place the following:
"Section 1. Indemnification of Investors.
Each Investor of any Series shall not be liable for any debt,
claim, action, demand, suit, proceeding, judgment, decree,
liability or obligation of any kind, against or with respect to
the Trust or any Series arising out of any action taken or omitted
for or on behalf of the Trust or such Series."
The undersigned hereby certify that the above stated Amendment is a true
and correct Amendment to the Declaration of Trust, as adopted by the Board of
Trustees on the 2nd day of February, 1998.
WITNESS the due execution hereof this 23rd day of February, 1998.
/s/ John F. Donahe /s/ Edward L. Flaherty, Jr.
John F. Donahue Edward L. Flaherty, Jr.
/s/ Thomas G. Bigley /s/ Peter E. Madden
Thomas G. Bigley Peter E. Madden
/s/ John T. Conroy, Jr. /s/ John E. Murray, Jr.
John T. Conroy, Jr. John E. Murray, Jr.
/s/ William J. Copeland /s/ Wesley W. Posvar
William J. Copeland Wesley W. Posvar
/s/ James E. Dowd /s/ Marjorie P. Smuts
James E. Dowd Marjorie P. Smuts
/s/ Lawrence D. Ellis, M.D.
Lawrence D. Ellis, M.D.
Current as of: 8/18/94
