STOCK & BOND FUND INC
NSAR-A, 1996-07-01
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<PAGE>      PAGE  1
000 A000000 04/30/96
000 C000000 0000013386
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 FEDERATED STOCK AND BOND FUND, INC.
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002 A000000 FEDERATED INVESTORS TOWER
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<PAGE>      PAGE  2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
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013 A000001 DELOITTTE AND TOUCHE LLP
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015 A000002 BANKERS TRUST CO.
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015 A000003 BANK OF NEW YORK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
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015 A000004 CHEMICAL BANK AND TRUST CO.
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015 C020004 NY
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015 A000005 MORGAN GUARANTY BANK AND TRUST CO.
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<PAGE>      PAGE  3
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020 A000002 LEHMAN BROTHERS, INC.
020 B000002 13-2518466
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020 A000003 AUTRANET, INC.
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<PAGE>      PAGE  4
022 B000005 13-2655998
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022 A000006 TUCKER ANTHONY, INC.
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<PAGE>      PAGE  7
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SIGNATURE   S.ELLIOTT COHAN                              
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Federated Stock And Bond Fund, Inc.            
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Oct-31-1996                                    
<PERIOD-END>                    Apr-30-1996                                    
<INVESTMENTS-AT-COST>           118,128,346                                    
<INVESTMENTS-AT-VALUE>          136,192,462                                    
<RECEIVABLES>                   2,447,982                                      
<ASSETS-OTHER>                  7,392                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  138,647,836                                    
<PAYABLE-FOR-SECURITIES>        957,641                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       92,602                                         
<TOTAL-LIABILITIES>             1,050,243                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        111,174,732                                    
<SHARES-COMMON-STOCK>           7,628,183                                      
<SHARES-COMMON-PRIOR>           7,327,906                                      
<ACCUMULATED-NII-CURRENT>       2,622,024                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         5,736,720                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        18,064,117                                     
<NET-ASSETS>                    137,597,593                                    
<DIVIDEND-INCOME>               882,730                                        
<INTEREST-INCOME>               2,325,228                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  737,834                                        
<NET-INVESTMENT-INCOME>         2,470,124                                      
<REALIZED-GAINS-CURRENT>        5,663,685                                      
<APPREC-INCREASE-CURRENT>       1,461,411                                      
<NET-CHANGE-FROM-OPS>           9,595,220                                      
<EQUALIZATION>                  61,865                                         
<DISTRIBUTIONS-OF-INCOME>       2,443,968                                      
<DISTRIBUTIONS-OF-GAINS>        9,454,029                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         973,035                                        
<NUMBER-OF-SHARES-REDEEMED>     1,216,390                                      
<SHARES-REINVESTED>             543,632                                        
<NET-CHANGE-IN-ASSETS>          2,928,797                                      
<ACCUMULATED-NII-PRIOR>         2,534,003                                      
<ACCUMULATED-GAINS-PRIOR>       9,527,064                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           518,434                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 916,805                                        
<AVERAGE-NET-ASSETS>            137,010,243                                    
<PER-SHARE-NAV-BEGIN>           18.380                                         
<PER-SHARE-NII>                 0.330                                          
<PER-SHARE-GAIN-APPREC>         0.940                                          
<PER-SHARE-DIVIDEND>            0.330                                          
<PER-SHARE-DISTRIBUTIONS>       1.280                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.040                                         
<EXPENSE-RATIO>                 1.07                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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