<PAGE> PAGE 1
000 A000000 07/31/1999
000 C000000 0000357052
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
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 INVESTMENT MANAGEMENT COMPANY
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 BOSTON
013 B020001 MA
013 B030001 02116
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8600
015 E010001 X
015 A000002 BANKERS TRUST CO.
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10015
015 E010002 X
015 A000003 BANK OF NEW YORK
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10006
015 E010003 X
015 A000004 THE CHASE MANHATTAN CORP.
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 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 ABM AMRO CHICAGO CORP.
022 C000001 1040895
022 D000001 0
022 A000002 BEAR STEARNS SECURITIES CORP.
022 B000002 13-3299429
022 C000002 708878
022 D000002 27914
022 A000003 SALOMON SMITH BARNEY, INC.
022 B000003 13-3082694
022 C000003 519065
022 D000003 88878
022 A000004 MORGAN GUARANTY TRUST CO.
022 C000004 292581
022 D000004 0
022 A000005 MORGAN STANLEY AND CO., INC.
022 B000005 13-2655998
022 C000005 179522
022 D000005 58712
022 A000006 CS FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006 120897
022 D000006 21479
022 A000007 LEHMAN BROTHERS,INC.
022 C000007 85388
022 D000007 21431
022 A000008 FEDERAL HOME LOAN MORTGAGE CORP.
022 C000008 51320
022 D000008 46762
022 A000009 GREENWICH CAPITAL CORP.
022 C000009 56468
022 D000009 12249
022 A000010 CHASE MANHATTEN BANK N.A.
022 C000010 27143
022 D000010 27192
023 C000000 3476570
<PAGE> PAGE 4
023 D000000 712103
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 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 1496
028 A020000 0
028 A030000 0
028 A040000 1332
028 B010000 1791
028 B020000 98
028 B030000 0
028 B040000 1496
028 C010000 1808
028 C020000 99
028 C030000 0
028 C040000 1716
028 D010000 1595
028 D020000 100
028 D030000 0
028 D040000 1394
028 E010000 1854
028 E020000 117
028 E030000 0
028 E040000 2242
028 F010000 1797
028 F020000 121
028 F030000 0
028 F040000 1562
028 G010000 10341
028 G020000 535
028 G030000 0
028 G040000 9742
028 H000000 0
029 000000 N
030 A000000 0
<PAGE> PAGE 5
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
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036 B000000 0
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040 000000 Y
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042 A000000 0
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042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 3
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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
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
<PAGE> PAGE 6
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 N
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 6.8
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 0.0
062 N000000 98.7
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 8.9
064 A000000 N
<PAGE> PAGE 7
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 Y
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 459605
071 B000000 455710
071 C000000 746912
071 D000000 61
072 A000000 6
072 B000000 26399
072 C000000 0
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<PAGE> PAGE 8
072 F000000 1487
072 G000000 280
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072 Q000000 68
072 R000000 11
072 S000000 6
072 T000000 996
072 U000000 0
072 V000000 0
072 W000000 9
072 X000000 2980
072 Y000000 789
072 Z000000 24208
072AA000000 0
072BB000000 4765
072CC010000 0
072CC020000 28213
072DD010000 23297
072DD020000 1749
072EE000000 0
073 A010000 0.3400
073 A020000 0.3300
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 49341
074 C000000 0
074 D000000 724180
074 E000000 0
074 F000000 0
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074 H000000 0
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074 J000000 22673
074 K000000 0
074 L000000 4528
074 M000000 0
074 N000000 800722
074 O000000 39027
074 P000000 0
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074 R010000 0
074 R020000 0
<PAGE> PAGE 9
074 R030000 0
074 R040000 28363
074 S000000 0
074 T000000 733332
074 U010000 67921
074 U020000 5771
074 V010000 9.95
074 V020000 9.95
074 W000000 0.0000
074 X000000 3655
074 Y000000 0
075 A000000 0
075 B000000 749447
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 0
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<PAGE> PAGE 10
SIGNATURE STEVE KEANNE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000357052
<NAME> Federated Income Trust
<SERIES>
<NUMBER> 001
<NAME> Federated Income Trust Institutional Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jan-31-2000
<PERIOD-END> Jul-31-1999
<INVESTMENTS-AT-COST> 797,717,405
<INVESTMENTS-AT-VALUE> 773,520,551
<RECEIVABLES> 27,201,229
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 800,721,780
<PAYABLE-FOR-SECURITIES> 39,027,135
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,363,004
<TOTAL-LIABILITIES> 67,390,139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 862,268,967
<SHARES-COMMON-STOCK> 67,920,826
<SHARES-COMMON-PRIOR> 67,661,879
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (104,740,472)
<ACCUM-APPREC-OR-DEPREC> (24,196,854)
<NET-ASSETS> 675,898,213
<DIVIDEND-INCOME> 26,398,826
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (2,191,115)
<NET-INVESTMENT-INCOME> 24,207,711
<REALIZED-GAINS-CURRENT> (4,764,707)
<APPREC-INCREASE-CURRENT> (28,213,304)
<NET-CHANGE-FROM-OPS> (8,770,300)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (23,296,690)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,917,226
<NUMBER-OF-SHARES-REDEEMED> (9,131,054)
<SHARES-REINVESTED> 472,775
<NET-CHANGE-IN-ASSETS> (21,902,443)
<ACCUMULATED-NII-PRIOR> 98,490
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (99,975,765)
<GROSS-ADVISORY-FEES> 1,486,573
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,979,565
<AVERAGE-NET-ASSETS> 695,674,599
<PER-SHARE-NAV-BEGIN> 10.410
<PER-SHARE-NII> 0.330
<PER-SHARE-GAIN-APPREC> (0.450)
<PER-SHARE-DIVIDEND> (0.340)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.950
<EXPENSE-RATIO> 0.57
[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> 0000357052
<NAME> Federated Income Trust
<SERIES>
<NUMBER> 002
<NAME> Federated Income Trust Institutional Service Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jan-31-2000
<PERIOD-END> Jul-31-1999
<INVESTMENTS-AT-COST> 797,717,405
<INVESTMENTS-AT-VALUE> 773,520,551
<RECEIVABLES> 27,201,229
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 800,721,780
<PAYABLE-FOR-SECURITIES> 39,027,135
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,363,004
<TOTAL-LIABILITIES> 67,390,139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 862,268,967
<SHARES-COMMON-STOCK> 5,771,229
<SHARES-COMMON-PRIOR> 4,896,736
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (104,740,472)
<ACCUM-APPREC-OR-DEPREC> (24,196,854)
<NET-ASSETS> 57,433,428
<DIVIDEND-INCOME> 26,398,826
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (2,191,115)
<NET-INVESTMENT-INCOME> 24,207,711
<REALIZED-GAINS-CURRENT> (4,764,707)
<APPREC-INCREASE-CURRENT> (28,213,304)
<NET-CHANGE-FROM-OPS> (8,770,300)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,748,949)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,423,711
<NUMBER-OF-SHARES-REDEEMED> (611,330)
<SHARES-REINVESTED> 62,112
<NET-CHANGE-IN-ASSETS> (21,902,443)
<ACCUMULATED-NII-PRIOR> 98,490
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (99,975,765)
<GROSS-ADVISORY-FEES> 1,486,573
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,979,565
<AVERAGE-NET-ASSETS> 53,772,065
<PER-SHARE-NAV-BEGIN> 10.410
<PER-SHARE-NII> 0.320
<PER-SHARE-GAIN-APPREC> (0.450)
<PER-SHARE-DIVIDEND> (0.330)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.950
<EXPENSE-RATIO> 0.79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
Item 77(c)
LAST MEETING OF SHAREHOLDERS
A Special Meeting of the Fund's shareholders was held on June 28, 1999.
On April 30, 1999, the record date for the shareholders voting at the
meeting, there were xxxx total outstanding shares. The following were
considered by shareholders and the results were as follows:
1. Election of Trustees:
1. Vote on Trustess
Names For Against Abstentions Withheld
and Broker Authority to
Non-Votes Vote
Thomas G. 52,920,300 262,769
Bigley
Nicholas P. 52,921,850 261,219
Constantakis
John F. 52,934,262 248,807
Cunningham
J. Christopher 52,934,262 248,807
Donahue
Charles F. 52,934,262 248,807
Mansfield, Jr.
John E. 52,934,262 248,807
Murray, Jr.
John S. Walsh 52,934,262 248,807
2. Ratified the selection of Deloitte & Touch LLP as the Trust's
Independent auditors;
For Against Abstentions
and Broker
Non-Votes
52,570,816 83,878 528,373
3. Made changes to the Fund's fundamental investment policies:
(a) Amended the Fund's fundamental investment policy regarding borrowing
money and issuing senior securities;
For Against Abstentions
and Broker
Non-Votes
48,793,882 2,413,540 903,292
(b) Amended the Fund's fundamental investment policy regarding lending by the
Fund;
For Against Abstentions
and Broker
Non-Votes
49,460,268 1,767,414 883,032
(b) Amended, and made non-fundamental, the Fund's fundamental investment
policy regarding buying securities on margin;
For Against Abstentions
and Broker
Non-Votes
49,202,117 2,068,719 839,878
(d) Amended, and made non-fundamental, the Fund's fundamental investment policy
regarding pledging assets;
For Against Abstentions
and Broker
Non-Votes
49,240,807 2,053,124 816,783
(e) Amended, and made non-fundamental, the Fund's fundamental investment
policy regarding investing in other investment companies;
For Against Abstentions
and Broker
Non-Votes
49,382,677 1,905,868 822,169
(f) Amended, and made non-fundamental, the Fund's fundamental investment
policy regarding investments in U.S. government securities;
For Against Abstentions
and Broker
Non-Votes
49,840,630 1,453,546 816,537
(g) Amended, made non-fundamental, the Fund's fundamental investment
policy regarding investments in collateralized mortgage obligations
and mortgage-related securities;
For Against Abstentions
and Broker
Non-Votes
49,446,512 1,850,613 813,589
(h) Made non-fundamental the Fund's fundamental investment policy regarding
dollar roll transactions;
For Against Abstentions
and Broker
Non-Votes
49,385,649 1,876,928 848,137
(i) Made non-fundamental the Fund's fundamental investment policy regarding
investing in repurchase agreements;
For Against Abstentions
and Broker
Non-Votes
49,770,816 1,490,230 849,668
(j) Made non-fundamental the Fund's fundamental investment policy regarding
engaging in when-issued and delayed delivery transactions;
For Against Abstentions
and Broker
Non-Votes
49,747,809 1,518,355 844,550
(k) Made non-fundamental the Fund's fundamental investment policy regarding
lending portfolio securities;
For Against Abstentions
and Broker
Non-Votes
49,274,640 1,954,730 881,344
4. Eliminated certain of the Fund's fundamental investment policies:
(a) Removed the Fund's fundamental investment policy regarding selling
securities short;
For Against Abstentions
and Broker
Non-Votes
48,764,959 2,473,752 872,002
(b) Removed the Fund's fundamental investment policy on engaging in portfolio
transactions;
For Against Abstentions
and Broker
Non-Votes
49,599,236 1,632,478 879,001
5. Amended and restated the Fund's fundamental investment policy;
For Against Abstentions
and Broker
Non-Votes
49,743,936 1,563,530 803,248
5. Approved the amendment and restatement to the Fund's Declaration of Trust:
(a) Requires the approval of a majority of the outstanding voting share in the
event of the sale and conveyance of the assets of the Trusts to another
Fund or Corporation;
For Against Abstentions
and Broker
Non-Votes
49,540,019 1,659,406 911,289
(b) Permits the Board of Trustees to liquidate the assets of the Trust without
seeking shareholder approval;
For Against Abstentions
and Broker
Non-Votes
47,986,866 3,289,289 834,559
(c) Permits the Board of Trustees to change the name of the Fund without
seeking shareholder approval;
For Against Abstentions
and Broker
Non-Votes
46,322,557 1,950,189 801,010
