FEDERATED HIGH INCOME BOND FUND INC
NSAR-A, EX-27, 2000-11-27
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<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000225318
<NAME>                            Federated High Income Bond Fund, Inc.
<SERIES>
     <NUMBER>                     001
     <NAME>                       Federated High Income Bond Fund - Class A

<S>                               <C>
<PERIOD-TYPE>                     6-mos
<FISCAL-YEAR-END>                 Mar-31-2001
<PERIOD-END>                      Sep-30-2000
<INVESTMENTS-AT-COST>             2,284,205,578
<INVESTMENTS-AT-VALUE>            1,910,779,865
<RECEIVABLES>                     48,880,071
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
<TOTAL-ASSETS>                    1,959,659,936
<PAYABLE-FOR-SECURITIES>          5,500,000
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         2,934,679
<TOTAL-LIABILITIES>               8,434,679
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          2,399,704,685
<SHARES-COMMON-STOCK>             73,917,039
<SHARES-COMMON-PRIOR>             73,594,147
<ACCUMULATED-NII-CURRENT>         2,980,239
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           (78,033,954)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          (373,425,713)
<NET-ASSETS>                      699,252,671
<DIVIDEND-INCOME>                 4,378,506
<INTEREST-INCOME>                 110,250,044
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (17,280,089)
<NET-INVESTMENT-INCOME>           97,348,461
<REALIZED-GAINS-CURRENT>          (23,784,744)
<APPREC-INCREASE-CURRENT>         (49,080,563)
<NET-CHANGE-FROM-OPS>             24,483,154
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (37,071,157)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           11,514,563
<NUMBER-OF-SHARES-REDEEMED>       (13,514,771)
<SHARES-REINVESTED>               2,323,100
<NET-CHANGE-IN-ASSETS>            (81,446,414)
<ACCUMULATED-NII-PRIOR>           4,098,827
<ACCUMULATED-GAINS-PRIOR>         (54,249,210)
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             7,562,551
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   17,281,473
<AVERAGE-NET-ASSETS>              721,509,641
<PER-SHARE-NAV-BEGIN>             9.820
<PER-SHARE-NII>                   0.490
<PER-SHARE-GAIN-APPREC>           (0.350)
<PER-SHARE-DIVIDEND>              (0.500)
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               9.460
<EXPENSE-RATIO>                   1.23
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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