EXHIBIT (I) UNDER FORM N-1A
Exhibit 5 under Item 601/Reg. S-K
October 11, 2000
The Trustees of
4 Winds Family of Funds
Federated Investors
Pittsburgh Office Research Park
5800 Corporate Drive - Building 2
Pittsburgh, PA 15237-5829
Gentlemen:
The 4 Winds Family of Funds ("Trust") proposes to offer and sell a
series of shares of beneficial interest representing interests in a portfolio of
securities known as 4 W inds Treasury Money Market Fund (such shares of
beneficial interest being herein referred to as "Shares") in the manner and on
the terms set forth in its Registration Statement filed with the Securities and
Exchange Commission under the Securities Act of 1933, as amended.
As counsel, I have participated in the organization of the Trust, its
registration under the Investment Company Act of 1940 and the preparation and
filing of its Registration Statement under the Securities Act of 1933. I have
examined and am familiar with the provisions of the written Certificate of Trust
dated August 31, 2000, an Amended and Restated Agreement and Declaration of
Trust dated September 28, 2000 ("Declaration of Trust"), the Bylaws of the Trust
and such other documents and records deemed relevant. I have also reviewed
questions of law and consulted with counsel thereon as deemed necessary or
appropriate by me for the purposes of this opinion.
Based upon the foregoing, it is my opinion that:
1. The Trust is duly organized and validly existing pursuant to the
Certificate of Trust.
The Trustees of
4 Winds Family of Funds
Page 2
October 11, 2000
2. The Shares which are currently being registered by the Registration
Statement referred to above may be legally and validly issued from time to time
in accordance with the Declaration of Trust upon receipt of consideration
sufficient to comply with the provisions of Article III of the Declaration of
Trust and subject to compliance with the Securities Act of 1933, as amended, the
Investment Company Act of 1940, as amended, and applicable state laws regulating
the sale of securities. Such Shares, when so issued, will be fully paid and
non-assessable.
I consent to your filing this opinion as an exhibit to the
Registration Statement referred to above and to any application or registration
statement filed under the securities laws of any of the States of the United
States. This opinion is limited to the federal laws of the United States and to
the laws of the State of Delaware.
...... ......Very truly yours,
...... ....../s/ C. Grant Anderson
...... ......C. Grant Anderson
...... ......Corporate Counsel
...... ......Federated Services Company
