<PAGE> PAGE 1
000 A000000 07/31/96
000 C000000 357052
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FEDERATED INCOME TRUST
001 B000000 811-3352
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 FEDERATED MANAGEMENT
008 B000001 A
008 C000001 801-34610
008 D010001 PITTSBURGH
008 D020001 PA
008 D030001 15222
008 D040001 3779
010 A000001 FEDERATED SERVICES COMPANY
010 C010001 PITTSBURGH
010 C020001 PA
010 C030001 15222
010 C040001 3779
011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
011 C010001 PITTSBURGH
011 C020001 PA
011 C030001 15222
011 C040001 3779
<PAGE> PAGE 2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
012 C010001 PITTSBURGH
012 C020001 PA
012 C030001 15222
012 C040001 3779
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PITTSBURGH
013 B020001 PA
013 B030001 15222
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8602
015 E010001 X
015 A000002 BANK OF NEW YORK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10006
015 E010002 X
015 A000003 BANKERS TRUST CO.
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10015
015 E010003 X
015 A000004 THE CHASE MANHATTAN CORPORATION
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10006
015 E010004 X
015 A000005 MORGAN GUARANTY BANK & TRUST CO.
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10015
015 E010005 X
015 A000006 NATIONSBANK OF NORTH CAROLINA
015 B000006 S
015 C010006 CHARLOTTE
015 C020006 NC
015 C030006 28255
015 E010006 X
015 A000007 PNC BANK, NA
015 B000007 S
015 C010007 PITTSBURGH
015 C020007 PA
<PAGE> PAGE 3
015 C030007 15265
015 E010007 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 N/A
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 B.T. SECURITIES CORP.
022 C000001 3913115
022 D000001 0
022 A000002 LEHMAN BROTHERS, INC.
022 B000002 13-2518466
022 C000002 372394
022 D000002 432788
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003 304525
022 D000003 156415
022 A000004 BEAR, STEARNS & CO., INC.
022 B000004 13-3299429
022 C000004 298869
022 D000004 130073
022 A000005 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000005 13-2642206
022 C000005 195646
022 D000005 115761
022 A000006 SALOMON BROTHERS, INC.
022 B000006 13-3082694
022 C000006 175230
022 D000006 127093
022 A000007 UBS SECURITIES, INC.
022 B000007 13-2932996
022 C000007 265547
022 D000007 0
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 199234
022 D000008 63585
022 A000009 CS FIRST BOSTON CORP.
022 B000009 13-5659485
022 C000009 244500
<PAGE> PAGE 4
022 D000009 15990
022 A000010 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000010 13-5123346
022 C000010 207850
022 D000010 50102
023 C000000 6708079
023 D000000 1301706
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
028 A010000 20698
028 A020000 1283
028 A030000 0
028 A040000 27354
028 B010000 11882
028 B020000 1237
028 B030000 0
028 B040000 23006
028 C010000 27594
028 C020000 1437
028 C030000 0
028 C040000 28453
028 D010000 10795
028 D020000 1472
028 D030000 0
028 D040000 26154
028 E010000 11422
028 E020000 1428
028 E030000 0
028 E040000 24544
028 F010000 16256
028 F020000 0
028 F030000 0
028 F040000 27711
028 G010000 98647
<PAGE> PAGE 5
028 G020000 6857
028 G030000 0
028 G040000 157222
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 2
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.400
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
<PAGE> PAGE 6
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 25000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 24.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 4.8
062 N000000 92.6
062 O000000 0.0
<PAGE> PAGE 7
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 4.1
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1095634
071 B000000 1100076
071 C000000 811581
<PAGE> PAGE 8
071 D000000 135
072 A000000 6
072 B000000 34820
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 1938
072 G000000 366
072 H000000 0
072 I000000 116
072 J000000 81
072 K000000 0
072 L000000 12
072 M000000 12
072 N000000 14
072 O000000 30
072 P000000 0
072 Q000000 73
072 R000000 10
072 S000000 7
072 T000000 1261
072 U000000 0
072 V000000 0
072 W000000 19
072 X000000 3939
072 Y000000 1072
072 Z000000 31953
072AA000000 7558
072BB000000 16020
072CC010000 0
072CC020000 28406
072DD010000 30576
072DD020000 1254
072EE000000 0
073 A010000 0.3300
073 A020000 0.3200
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 224420
074 C000000 0
074 D000000 911462
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 5742
074 K000000 0
074 L000000 659
074 M000000 0
<PAGE> PAGE 9
074 N000000 1142283
074 O000000 17711
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 189155
074 S000000 0
074 T000000 935417
074 U010000 89566
074 U020000 3892
074 V010000 10.39
074 V020000 10.39
074 W000000 0.0000
074 X000000 4767
074 Y000000 0
075 A000000 0
075 B000000 975322
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Federated Income Trust
Institutional Shares
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jan-31-1996
<PERIOD-END> Jul-31-1996
<INVESTMENTS-AT-COST> 1,138,733,193
<INVESTMENTS-AT-VALUE> 1,135,882,383
<RECEIVABLES> 5,741,735
<ASSETS-OTHER> 659,042
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,142,283,160
<PAYABLE-FOR-SECURITIES> 17,710,705
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 189,155,067
<TOTAL-LIABILITIES> 206,865,772
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,091,365,905
<SHARES-COMMON-STOCK> 89,566,054
<SHARES-COMMON-PRIOR> 94,664,706
<ACCUMULATED-NII-CURRENT> 36,644
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (153,119,081)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,866,080)
<NET-ASSETS> 896,459,708
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 34,820,488
<OTHER-INCOME> 0
<EXPENSES-NET> 2,867,371
<NET-INVESTMENT-INCOME> 31,953,117
<REALIZED-GAINS-CURRENT> (8,462,689)
<APPREC-INCREASE-CURRENT> (28,406,210)
<NET-CHANGE-FROM-OPS> (4,915,782)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 30,576,330
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,238,749
<NUMBER-OF-SHARES-REDEEMED> 14,944,075
<SHARES-REINVESTED> 606,674
<NET-CHANGE-IN-ASSETS> (88,463,549)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (144,656,392)
<OVERDISTRIB-NII-PRIOR> 86,555
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,938,495
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,939,487
<AVERAGE-NET-ASSETS> 975,322,194
<PER-SHARE-NAV-BEGIN> 10.390
<PER-SHARE-NII> 0.330
<PER-SHARE-GAIN-APPREC> (0.380)
<PER-SHARE-DIVIDEND> 0.330
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.010
<EXPENSE-RATIO> 0.58
<AVG-DEBT-OUTSTANDING> 153,557,672
<AVG-DEBT-PER-SHARE> 1.600
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> Federated Income Trust
Institutional Service Shares
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jan-31-1996
<PERIOD-END> Jul-31-1996
<INVESTMENTS-AT-COST> 1,138,733,193
<INVESTMENTS-AT-VALUE> 1,135,882,383
<RECEIVABLES> 5,741,735
<ASSETS-OTHER> 659,042
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,142,283,160
<PAYABLE-FOR-SECURITIES> 17,710,705
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 189,155,067
<TOTAL-LIABILITIES> 206,865,772
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,091,365,905
<SHARES-COMMON-STOCK> 3,892,266
<SHARES-COMMON-PRIOR> 3,927,661
<ACCUMULATED-NII-CURRENT> 36,644
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (153,119,081)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,866,080)
<NET-ASSETS> 38,957,680
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 34,820,488
<OTHER-INCOME> 0
<EXPENSES-NET> 2,867,371
<NET-INVESTMENT-INCOME> 31,953,117
<REALIZED-GAINS-CURRENT> (8,462,689)
<APPREC-INCREASE-CURRENT> (28,406,210)
<NET-CHANGE-FROM-OPS> (4,915,782)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,253,588
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 509,139
<NUMBER-OF-SHARES-REDEEMED> 617,863
<SHARES-REINVESTED> 73,329
<NET-CHANGE-IN-ASSETS> (88,463,549)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (144,656,392)
<OVERDISTRIB-NII-PRIOR> 86,555
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,938,495
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,939,487
<AVERAGE-NET-ASSETS> 975,322,194
<PER-SHARE-NAV-BEGIN> 10.390
<PER-SHARE-NII> 0.320
<PER-SHARE-GAIN-APPREC> (0.380)
<PER-SHARE-DIVIDEND> 0.320
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.010
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 153,557,672
<AVG-DEBT-PER-SHARE> 1.600
</TABLE>
