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<PAGE> PAGE 2
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013 B020001 PA
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<PAGE> PAGE 3
020 A000004 PAINE WEBBER INCORPORATED
020 C000004 4
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020 C000005 4
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020 C000008 2
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020 C000009 2
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020 C000010 2
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022 C000005 4185
022 D000005 3676
022 A000006 PAINE WEBBER INCORPORATED
022 C000006 0
022 D000006 6918
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022 C000007 5435
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022 C000009 2774
022 D000009 2082
022 A000010 RAYMOND JAMES AND ASSOCIATES
022 C000010 2407
022 D000010 663
023 C000000 601270
023 D000000 26269
<PAGE> PAGE 4
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025 A000001 MERRIL LYNCH & CO., INCORPORATED
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE STEVE KEANE
TITLE GENREAL COUSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000013386
<NAME> Federated Stock & Bond Fund, Inc.
<SERIES>
<NUMBER> 011
<NAME> Federated Stock & Bond Fund, Class A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Oct-31-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 234,567,572
<INVESTMENTS-AT-VALUE> 273,131,120
<RECEIVABLES> 3,164,664
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 276,295,784
<PAYABLE-FOR-SECURITIES> 1,224,696
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 442,356
<TOTAL-LIABILITIES> 1,667,052
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,870,349
<SHARES-COMMON-STOCK> 11,008,214
<SHARES-COMMON-PRIOR> 10,249,352
<ACCUMULATED-NII-CURRENT> 375,610
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,819,225
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,563,548
<NET-ASSETS> 216,956,993
<DIVIDEND-INCOME> 1,677,740
<INTEREST-INCOME> 3,447,756
<OTHER-INCOME> 0
<EXPENSES-NET> (1,726,719)
<NET-INVESTMENT-INCOME> 3,398,777
<REALIZED-GAINS-CURRENT> 3,993,309
<APPREC-INCREASE-CURRENT> 15,475,681
<NET-CHANGE-FROM-OPS> 22,867,767
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,856,210)
<DISTRIBUTIONS-OF-GAINS> (9,293,762)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,664,638
<NUMBER-OF-SHARES-REDEEMED> (1,454,417)
<SHARES-REINVESTED> 548,641
<NET-CHANGE-IN-ASSETS> 41,680,229
<ACCUMULATED-NII-PRIOR> 287,550
<ACCUMULATED-GAINS-PRIOR> 10,904,425
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 912,452
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,726,719
<AVERAGE-NET-ASSETS> 203,853,935
<PER-SHARE-NAV-BEGIN> 19.140
<PER-SHARE-NII> 0.270
<PER-SHARE-GAIN-APPREC> 1.470
<PER-SHARE-DIVIDEND> (0.270)
<PER-SHARE-DISTRIBUTIONS> (0.900)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.710
<EXPENSE-RATIO> 1.26
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000013386
<NAME> Federated Stock & Bond Fund, Inc.
<SERIES>
<NUMBER> 012
<NAME> Federated Stock & Bond Fund, Class B Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Oct-31-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 234,567,572
<INVESTMENTS-AT-VALUE> 273,131,120
<RECEIVABLES> 3,164,664
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 276,295,784
<PAYABLE-FOR-SECURITIES> 1,224,696
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 442,356
<TOTAL-LIABILITIES> 1,667,052
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,870,349
<SHARES-COMMON-STOCK> 2,066,505
<SHARES-COMMON-PRIOR> 1,386,561
<ACCUMULATED-NII-CURRENT> 375,610
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,819,225
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,563,548
<NET-ASSETS> 40,652,536
<DIVIDEND-INCOME> 1,677,740
<INTEREST-INCOME> 3,447,756
<OTHER-INCOME> 0
<EXPENSES-NET> (1,726,719)
<NET-INVESTMENT-INCOME> 3,398,777
<REALIZED-GAINS-CURRENT> 3,993,309
<APPREC-INCREASE-CURRENT> 15,475,681
<NET-CHANGE-FROM-OPS> 22,867,767
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (321,239)
<DISTRIBUTIONS-OF-GAINS> (1,272,602)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 784,613
<NUMBER-OF-SHARES-REDEEMED> (182,791)
<SHARES-REINVESTED> 78,122
<NET-CHANGE-IN-ASSETS> 41,680,229
<ACCUMULATED-NII-PRIOR> 287,550
<ACCUMULATED-GAINS-PRIOR> 10,904,425
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 912,452
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,726,719
<AVERAGE-NET-ASSETS> 32,374,425
<PER-SHARE-NAV-BEGIN> 19.100
<PER-SHARE-NII> 0.220
<PER-SHARE-GAIN-APPREC> 1.450
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> (0.900)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.670
<EXPENSE-RATIO> 2.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000013386
<NAME> Federated Stock & Bond Fund, Inc.
<SERIES>
<NUMBER> 013
<NAME> Federated Stock & Bond Fund, Class C Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Oct-31-1999
<PERIOD-END> Apr-30-1999
<INVESTMENTS-AT-COST> 234,567,572
<INVESTMENTS-AT-VALUE> 273,131,120
<RECEIVABLES> 3,164,664
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 276,295,784
<PAYABLE-FOR-SECURITIES> 1,224,696
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 442,356
<TOTAL-LIABILITIES> 1,667,052
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 231,870,349
<SHARES-COMMON-STOCK> 867,087
<SHARES-COMMON-PRIOR> 540,693
<ACCUMULATED-NII-CURRENT> 375,610
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,819,225
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,563,548
<NET-ASSETS> 17,019,203
<DIVIDEND-INCOME> 1,677,740
<INTEREST-INCOME> 3,447,756
<OTHER-INCOME> 0
<EXPENSES-NET> (1,726,719)
<NET-INVESTMENT-INCOME> 3,398,777
<REALIZED-GAINS-CURRENT> 3,993,309
<APPREC-INCREASE-CURRENT> 15,475,681
<NET-CHANGE-FROM-OPS> 22,867,767
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (133,268)
<DISTRIBUTIONS-OF-GAINS> (512,145)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 381,620
<NUMBER-OF-SHARES-REDEEMED> (89,312)
<SHARES-REINVESTED> 34,086
<NET-CHANGE-IN-ASSETS> 41,680,229
<ACCUMULATED-NII-PRIOR> 287,550
<ACCUMULATED-GAINS-PRIOR> 10,904,425
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 912,452
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,726,719
<AVERAGE-NET-ASSETS> 13,770,601
<PER-SHARE-NAV-BEGIN> 19.070
<PER-SHARE-NII> 0.220
<PER-SHARE-GAIN-APPREC> 1.440
<PER-SHARE-DIVIDEND> (0.200)
<PER-SHARE-DISTRIBUTIONS> (0.900)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.630
<EXPENSE-RATIO> 2.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
EXHIBIT 77Q(1)
ITEM 77C - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
A Annual Meeting of the Fund's shareholders was held on March 26, 1999.
The following items, which are required to be reported under this Item 77C,
were approved at the meeting:
1. Election of Directors:
Thomas G. Bigley
For 8,682,109
Against --
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 193,162
John T. Conroy, Jr.
For 8,682,735
Against --
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,536
Nicholas P. Constantakis
For 8,682,735
Against --
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,536
John F. Cunningham
For 8,682,887
Against--
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
J. Christopher Donohue
For 8,682,887
Against--
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
Peter E. Madden
For 8,682,887
Against--
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
Charles F. Mansfield, Jr.
For 8,682,887
Against--
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
John E. Murray, Jr.
For 8,682,887
Against --
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
John S. Welsh
For 8,682,887
Against --
Abstentions and Broker Non-Votes --
Withheld Authority To Vote 192,384
1 The following Directors of the Trust continued their terms as
Directors of the Trust: John F. Donohue, Lawrence D. Ellis,
and Marjorie P. Smuts.
2. To ratify the selection of Deloitte & Touche LLP as the
Fund's Independent Auditors.
For 8,655,676
Against 15,748
Abstentions and Broker Non-Votes 203,846
Withheld Authority To Vote --
3. To make changes to the Fund's fundamental investment policies.
a. To approve amending the Fund's fundamental investment
policy with regard to diversification of its investments.
For 6,543,601
Against 568,433
Abstentions and Broker Non-Votes 1,763,237
Withheld Authority To Vote --
b. To approve amending the Fund's fundamental investment policy
regarding borrowing to permit the purchase of securities while
borrowings are outstanding.
For 6,448,142
Against 625,573
Abstentions and Broker Non-Votes 1,80,1556
Withheld Authority To Vote --
c. To approve making non-fundamental the prohibition of the Fund's
investments in securities to exercise control of an issuer.
For 6,670,641
Against 385,399
Abstentions and Broker Non-Votes 1,819,231
Withheld Authority To Vote --
d. To approve amending the Fund's fundamental policy to allow
investments in real estate investment trusts.
For 6,425,651
Against 684,815
Abstentions and Broker Non-Votes 1,764,805
Withheld Authority To Vote --
4. To approve removing the Fund's fundamental investment policy
regarding selling securities.
For 6,631,574
Against 448,046
Abstentions and Broker Non-Votes 1,795,651
Withheld Authority To Vote --
5. To approve amendments to the Fund's Amended and Restated Articles
of Incorporation to permit the Board of Directors to liquidate assets
of a series or class without shareholder approval to the extent
permitted under Maryland law.
For 6,527,097
Against 538,414
Abstentions and Broker Non-Votes 1,809,760
Withheld Authority To Vote --
The Definitive Proxy Statement for the Annual Meeting held on
March 26, 1999 was filed with the Securities and Exchange
Commission on January 25, 1999,
and is incorporated by reference. (File Nos. 811-1 and 2-10415)
