UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
FORM 4
/ / Check this box if no longer subject to Section 16, Form 4 or Form 5
obligations may continue. See Instruction 1(b)
(Print or Type Responses)
1. NAME AND ADDRESS OF REPORTING PERSON*
Maloney Eugene F.
(LAST) (FIRST) (MIDDLE)
c/o Federated Investors, Inc.
Federated Investors Tower
(STREET)
Pittsburgh PA 15222-3779
(CITY) (STATE) (ZIP)
2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Federated Investors, Inc. FII
3. I.R.S. IDENTIFICATION NUMBER OF REPORTING PERSON, IF AN ENTITY (VOLUNTARY)
4. STATEMENT FOR MONTH/YEAR
11/98
5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER
(CHECK ALL APPLICABLE)
___X_____ Director ________ 10% Owner
___X_____ Officer (give title below) ________ Other (specify below)
EXECUTIVE VICE PRESIDENT, FEDERATED INVESTORS MANAGEMENT
7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LIMIT)
___X___ Form filed by One Reporting Person
_______ Form filed by More than One Reporting Person
<PAGE>
<TABLE>
<CAPTION>
TABLE I -- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount 6. 7. Nature of
Security Date Code or Disposed of (D) of Ownership Indirect
(Instr. 3) (Instr. 8) (Instr. 3, 4, and 5) Securities Form: Beneficial
(Month/day/year) Beneficially Direct (D) Onwership
Owned at End or (Instr. 4)
of Month Indirect
(Instr. 3 (I)
and 4) (Instr. 4)
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Code V Amount (A) or Price
(D)
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Class B Common 11/12/98 Code S 100,000 D 18.00(1) 110,000 I by spouse
Stock
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Class B Common 11/12/98 Code S 8,500 D 18.00(1) 324,087 D
Stock
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Class B Common 11/11/98 Code S 2,000 D 18 1/16(1) 324,087 D
Stock
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Class B Common 11/11/98 Code S 6,800 D 18 3/16(1) 324,087 D
Stock
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
Class B Common 11/11/98 Code S 32,700 D 18.00(1) 324,087 D
Stock
</TABLE>
Reminder: Report on a separate line for each class of securities
beneficially owned directly or indirectly. If the form is filed by more than one
reporting person, see Instruction 4(b)(v).
(1) Includes 83,237 shares of Issuer's Class B Common Stock acquired by the
Reporting Person, in an Exempt, Non-Reportable transaction under the
Federated Investors Profit Sharing Plan.
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (continued)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, COVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C>
1. Title of 2. Conversion or 3. Transaction 4.Transation 5. Number of 6. Date 7. Title and
Derivative Exercise Price of Date Code Derivative Exercisable Amount of
Security Derivative (Month/Day/Year) (Instr. 8) Securities and Underlying
(Instr. 3) Security Acquired (A) Expiration Date Securities
or Disposed of (Month/Day/Year) (Instr. 3 and
(D) 4)
(Instr. 3, 4 and 5)
Code V (A) (D) Date Expiration Title Amount or
Number of
Shares
8. Price of 9. Number of 10. Ownership Form of 11. Nature of
Derivative Derivative Derivative Security: Indirect
Security Securities Direct (D) or Beneficial
(Instr. 5) Beneficially Indirect (I) Ownership
Owned at (Instr. 4) (Instr. 4)
End of
Month
(Instr. 4)
</TABLE>
Explanation of Responses:
** Intentional misstaments or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure. Potential persons
who are to respond to the collection of information contained in this form
are not required to respond unless the form displays a currently valid OMB
number.
/S/EUGENE F. MALONEY DECEMBER 9, 1998
**Signature of Reporting Person Date
