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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 GNMA TRUST
INSTITUTIONAL SHARES
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<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1995
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<INVESTMENTS-AT-VALUE> 1,855,003,411
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</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 GNMA TRUST
INSTITUTIONAL SERVICE SHARES
<ARTICLE> 6
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1995
<PERIOD-END> JUL-31-1994
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</TABLE>
