FEDERATED STOCK & BOND FUND INC /MD/
NSAR-B, 1997-12-29
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<PAGE>      PAGE  1
000 B000000 10/31/97
000 C000000 0000013386
000 D000000 N
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000 J000000 A
001 A000000 FEDERATED STOCK AND BOND FUND, INC.
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002 A000000 FEDERATED INVESTORS TOWER
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011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
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<PAGE>      PAGE  2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
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013 A000001 DELOITTE AND TOUCHE LLP
013 B010001 PITTSBURGH
013 B020001 PA
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013 B040001 5401
015 A000001 STATE STREET BANK AND TRUST COMPANY
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015 C020001 MA
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015 A000002 PNC BANK, NA
015 B000002 S
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015 B000003 S
015 C010003 CHARLOTTE
015 C020003 NC
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015 A000004 MORGAN GUARANTY BANK & TRUST CO.
015 B000004 S
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015 C020004 NY
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015 B000005 S
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022 A000004 GOLDMAN, SACHS & CO.
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022 B000005 13-2518466
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022 A000006 BARCLAYS DEZOETE WEDD SECURITIES
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080 B000000 THE AETNA CASUALTY AND SURETY COMPANY
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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.            
                                Class A Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Oct-31-1997                                    
<PERIOD-END>                    Oct-31-1997                                    
<INVESTMENTS-AT-COST>           145,513,652                                    
<INVESTMENTS-AT-VALUE>          168,025,678                                    
<RECEIVABLES>                   3,472,430                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  171,498,108                                    
<PAYABLE-FOR-SECURITIES>        1,618,019                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,364,696                                      
<TOTAL-LIABILITIES>             2,982,715                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        124,362,459                                    
<SHARES-COMMON-STOCK>           7,957,520                                      
<SHARES-COMMON-PRIOR>           6,891,406                                      
<ACCUMULATED-NII-CURRENT>       573,526                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         22,067,380                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        21,512,026                                     
<NET-ASSETS>                    162,779,794                                    
<DIVIDEND-INCOME>               1,723,002                                      
<INTEREST-INCOME>               4,849,836                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,884,775                                      
<NET-INVESTMENT-INCOME>         4,688,063                                      
<REALIZED-GAINS-CURRENT>        22,063,804                                     
<APPREC-INCREASE-CURRENT>       4,663,075                                      
<NET-CHANGE-FROM-OPS>           31,414,942                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       4,348,933                                      
<DISTRIBUTIONS-OF-GAINS>        13,236,606                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,977,985                                      
<NUMBER-OF-SHARES-REDEEMED>     2,721,403                                      
<SHARES-REINVESTED>             809,532                                        
<NET-CHANGE-IN-ASSETS>          37,726,467                                     
<ACCUMULATED-NII-PRIOR>         282,059                                        
<ACCUMULATED-GAINS-PRIOR>       13,295,575                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,138,430                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,132,979                                      
<AVERAGE-NET-ASSETS>            151,604,234                                    
<PER-SHARE-NAV-BEGIN>           18.960                                         
<PER-SHARE-NII>                 0.630                                          
<PER-SHARE-GAIN-APPREC>         3.340                                          
<PER-SHARE-DIVIDEND>            0.560                                          
<PER-SHARE-DISTRIBUTIONS>       1.910                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.460                                         
<EXPENSE-RATIO>                 1.21                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Federated Stock and Bond Fund, Inc.            
                                Class B Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Oct-31-1997                                    
<PERIOD-END>                    Oct-31-1997                                    
<INVESTMENTS-AT-COST>           145,513,652                                    
<INVESTMENTS-AT-VALUE>          168,025,678                                    
<RECEIVABLES>                   3,472,430                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  171,498,108                                    
<PAYABLE-FOR-SECURITIES>        1,618,019                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,364,696                                      
<TOTAL-LIABILITIES>             2,982,715                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        124,362,459                                    
<SHARES-COMMON-STOCK>           226,059                                        
<SHARES-COMMON-PRIOR>           4,930                                          
<ACCUMULATED-NII-CURRENT>       573,526                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         22,067,380                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        21,512,026                                     
<NET-ASSETS>                    4,622,062                                      
<DIVIDEND-INCOME>               1,723,002                                      
<INTEREST-INCOME>               4,849,836                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,884,775                                      
<NET-INVESTMENT-INCOME>         4,688,063                                      
<REALIZED-GAINS-CURRENT>        22,063,804                                     
<APPREC-INCREASE-CURRENT>       4,663,075                                      
<NET-CHANGE-FROM-OPS>           31,414,942                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       38,375                                         
<DISTRIBUTIONS-OF-GAINS>        45,261                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         229,204                                        
<NUMBER-OF-SHARES-REDEEMED>     12,259                                         
<SHARES-REINVESTED>             4,184                                          
<NET-CHANGE-IN-ASSETS>          37,726,467                                     
<ACCUMULATED-NII-PRIOR>         282,059                                        
<ACCUMULATED-GAINS-PRIOR>       13,295,575                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,138,430                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,132,979                                      
<AVERAGE-NET-ASSETS>            151,604,234                                    
<PER-SHARE-NAV-BEGIN>           18.960                                         
<PER-SHARE-NII>                 0.510                                          
<PER-SHARE-GAIN-APPREC>         3.340                                          
<PER-SHARE-DIVIDEND>            0.450                                          
<PER-SHARE-DISTRIBUTIONS>       1.910                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.450                                         
<EXPENSE-RATIO>                 1.96                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     Federated Stock and Bond Fund, Inc.            
                                Class C Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Oct-31-1997                                    
<PERIOD-END>                    Oct-31-1997                                    
<INVESTMENTS-AT-COST>           145,513,652                                    
<INVESTMENTS-AT-VALUE>          168,025,678                                    
<RECEIVABLES>                   3,472,430                                      
<ASSETS-OTHER>                  0                                              
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  171,498,108                                    
<PAYABLE-FOR-SECURITIES>        1,618,019                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,364,696                                      
<TOTAL-LIABILITIES>             2,982,715                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        124,362,459                                    
<SHARES-COMMON-STOCK>           54,539                                         
<SHARES-COMMON-PRIOR>           98                                             
<ACCUMULATED-NII-CURRENT>       573,526                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         22,067,380                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        21,512,026                                     
<NET-ASSETS>                    1,113,537                                      
<DIVIDEND-INCOME>               1,723,002                                      
<INTEREST-INCOME>               4,849,836                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,884,775                                      
<NET-INVESTMENT-INCOME>         4,688,063                                      
<REALIZED-GAINS-CURRENT>        22,063,804                                     
<APPREC-INCREASE-CURRENT>       4,663,075                                      
<NET-CHANGE-FROM-OPS>           31,414,942                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       9,286                                          
<DISTRIBUTIONS-OF-GAINS>        10,132                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         56,460                                         
<NUMBER-OF-SHARES-REDEEMED>     2,889                                          
<SHARES-REINVESTED>             870                                            
<NET-CHANGE-IN-ASSETS>          37,726,467                                     
<ACCUMULATED-NII-PRIOR>         282,059                                        
<ACCUMULATED-GAINS-PRIOR>       13,295,575                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           1,138,430                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 2,132,979                                      
<AVERAGE-NET-ASSETS>            151,604,234                                    
<PER-SHARE-NAV-BEGIN>           18.960                                         
<PER-SHARE-NII>                 0.470                                          
<PER-SHARE-GAIN-APPREC>         3.350                                          
<PER-SHARE-DIVIDEND>            0.450                                          
<PER-SHARE-DISTRIBUTIONS>       1.910                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.420                                         
<EXPENSE-RATIO>                 1.96                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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