FEDERATED INCOME TRUST
NSAR-A, EX-27, 2000-09-26
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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-31-2001
<PERIOD-END>                      Jul-31-2000
<INVESTMENTS-AT-COST>             719,093,928
<INVESTMENTS-AT-VALUE>            708,813,094
<RECEIVABLES>                     24,322,188
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
<TOTAL-ASSETS>                    733,135,282
<PAYABLE-FOR-SECURITIES>          53,130,353
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         3,925,690
<TOTAL-LIABILITIES>               57,056,043
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          812,370,419
<SHARES-COMMON-STOCK>             5,387,740
<SHARES-COMMON-PRIOR>             5,402,505
<ACCUMULATED-NII-CURRENT>         0
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           (126,010,346)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          (10,280,834)
<NET-ASSETS>                      53,145,619
<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 24,828,540
<OTHER-INCOME>                    0
<EXPENSES-NET>                    2,055,312
<NET-INVESTMENT-INCOME>           22,773,228
<REALIZED-GAINS-CURRENT>          (11,670,760)
<APPREC-INCREASE-CURRENT>         21,069,838
<NET-CHANGE-FROM-OPS>             32,172,306
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (1,646,568)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           1,062,568
<NUMBER-OF-SHARES-REDEEMED>       (1,143,031)
<SHARES-REINVESTED>               65,698
<NET-CHANGE-IN-ASSETS>            (42,524,153)
<ACCUMULATED-NII-PRIOR>           0
<ACCUMULATED-GAINS-PRIOR>         (114,339,586)
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             1,373,257
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   2,784,827
<AVERAGE-NET-ASSETS>              51,528,589
<PER-SHARE-NAV-BEGIN>             9.730
<PER-SHARE-NII>                   0.310
<PER-SHARE-GAIN-APPREC>           0.130
<PER-SHARE-DIVIDEND>              (0.310)
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               9.860
<EXPENSE-RATIO>                   0.80
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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