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)
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1. NAME AND ADDRESS OF REPORTING PERSON*
Donahue Thomas R.
(LAST) (FIRST) (MIDDLE)
c/o Federated Investors, Inc.
Federated Investors Tower
(STREET)
Pittsburgh PA 15222-3779
(CITY) (STATE) (ZIP)
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2. ISSUER NAME AND TICKER OR TRADING SYMBOL
Federated Investors, Inc. FII
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3. I.R.S. IDENTIFICATION NUMBER OF REPORTING PERSON, IF AN ENTITY (VOLUNTARY)
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4. STATEMENT FOR MONTH/YEAR
5/98
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5. IF AMENDMENT, DATE OF ORIGINAL (MONTH/YEAR)
5/98
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6. RELATIONSHIP OF REPORTING PERSON(S) TO ISSUER
(CHECK ALL APPLICABLE)
___X____ Director ________ 10% Owner
___X____ Officer (give title below) ________ Other (specify below) Vice
President, Chief Financial Officer
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7. INDIVIDUAL OR JOINT/GROUP FILING (CHECK APPLICABLE LIMIT) __X___ Form filed
by One Reporting Person _______ Form filed by More than One Reporting Person
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<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)
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Code V Amount (A) or Price
(D)
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Class B Common 5/19/98 Code P 40,000 A 19.00 565,418 D
Stock
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Class B Common 5/19/98 Code P 100 A 20.00 565,418 D
Stock
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</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).
<PAGE>
FORM 4 (continued)
TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, COVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C>
1.Title of 2.Conversion or 3.Transaction 4. Transaction 5. Number of 6.Date Exercisable 7.Title and 8.Price
Derivative Exercise Price of Date Code (Instr. 8) Derivative and Expiration Amount of of
Security Derivative Security (Month/Day/Year) Securities Date Underlying Derivative
(Instr. 3) Acquired (A) (Month/Day/Year) Securities Security
or Disposed of (Instr.3and4) (Instr.5)
(D)
(Instr. 3,4,
and 5)
Code V (A) (D) Date Expiration Title Amount
or
Exercisable Date Number
of
Shares
9.Number 10. Ownership 11. Nature
of derivative Form of of Indirect
Securities Derivative Beneficial
Benficially Security:Direct Ownership
Owned at End (D) or Indirect (Instr. 4)
of Month (I) (Instr.4)
(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/ THOMAS R. DONAHUE JUNE 10, 1998
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**Signature of Reporting Person Date