FEDERATED HIGH INCOME BOND FUND INC
497J, 2000-05-31
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                         FEDERATED HIGH INCOME BOND FUND, INC.

                            Federated Investors Funds

                              5800 Corporate Drive

                       Pittsburgh, Pennsylvania 15237-7000

                                  May 31, 2000

EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest

Washington, DC  20549

     RE: FEDERATED HIGH INCOME BOND FUND, INC.  (the "Fund")
         1933 Act File No. 2-60103
         1940 ACT FILE NO. 811-2782

Dear Sir or Madam:

      Pursuant to Rule 497(j) under the Securities Act of 1933, the above-named
Fund hereby certifies that the definitive form of prospectus and statement of
additional information dated May 31, 2000, that would have been filed under Rule
497(c), do not differ from the form of prospectus and statement of additional
information contained in the most recent registration statement for the Fund.
This registration statement was electronically filed under Rule 485(b) as
Post-effective amendment No. 46 on May 29, 2000.

      If you have any questions regarding this certification, please call me at
(412) 288-8160.

                                          Very truly yours,



                                          /s/ C. Grant Anderson
                                          C. Grant Anderson
                                          Assistant Secretary



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