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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
Exhibit 17 under Form N-1A
Exhibit 27 under Item 601 Reg. S-K
Federated Income Trust
Institutional Shares
<ARTICLE> 6
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Jan-31-1995
<PERIOD-END> Jul-31-1994
<INVESTMENTS-AT-COST> 1,735,692,752
<INVESTMENTS-AT-VALUE> 1,711,711,373
<RECEIVABLES> 171,623,975
<ASSETS-OTHER> 0
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<PAYABLE-FOR-SECURITIES> 110,150,938
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<TOTAL-LIABILITIES> 417,745,406
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,637,439,483
<SHARES-COMMON-STOCK> 142,069,999
<SHARES-COMMON-PRIOR> 164,441,814
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (147,868,162)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 1,413,598,729
<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 4,447,088
<NET-INVESTMENT-INCOME> 53,401,724
<REALIZED-GAINS-CURRENT> (71,193,774)
<MAPPREC-INCREASE-CURRENT> (20,407,533)
<NET-CHANGE-FROM-OPS> (38,199,583)
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<NUMBER-OF-SHARES-SOLD> 18,090,722
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<AVG-DEBT-PER-SHARE> 1.680
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
Exhibit 17 under Form N-1A
Exhibit 27 under Item 601 Reg. S-K
Federated Income Trust
Institutional Service Shares
<ARTICLE> 6
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Jan-31-1995
<PERIOD-END> Jul-31-1994
<INVESTMENTS-AT-COST> 1,735,692,752
<INVESTMENTS-AT-VALUE> 1,711,711,373
<RECEIVABLES> 171,623,975
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,883,335,348
<PAYABLE-FOR-SECURITIES> 110,150,938
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<SHARES-COMMON-STOCK> 5,225,862
<SHARES-COMMON-PRIOR> 6,395,158
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (147,868,162)
<OVERDISTRIBUTION-GAINS> 0
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<PER-SHARE-NAV-END> 9.95
<EXPENSE-RATIO> 77
<AVG-DEBT-OUTSTANDING> 263,909,241
<AVG-DEBT-PER-SHARE> 1.680
</TABLE>
