ITEM 77M
MERGERS
Pursuant to the Securities Act of 1933, as amended, and the General
Rules and Regulations thereunder, a Registration Statement on Form N-14
(SEC File No. 333-30676) was filed on February 18, 2000 and amended on
March 24, 2000. This filing relates to an Agreement and Plan of
Reorganization between Federated Stock Trust (the "Fund") and WCT
Equity Fund (the "Acquired Fund"), a portfolio of WCT Funds, whereby
the Fund acquired all of the assets of the Acquired Fund in exchange for
648,927 shares to be distributed pro rata by the Acquired Fund to its
shareholders in complete liquidation and termination of the Acquired
Fund. As a result, effective April 28, 2000, each shareholder of the
Acquired Fund became the owner of Fund shares having a total net asset
value equal to the total net asset value of his or her holdings in the
Acquired Fund.
The Agreement and Plan of Reorganization providing for the transfer of
the assets of the Acquired Fund to the Fund was approved by the Fund's
Board of Trustees at their Regular Meeting held on February 16, 2000 and
was also approved by shareholders at a Special Meeting of Shareholders
of the Acquired Fund held on April 27, 2000.
The Agreement and Plan of Reorganization concerning this acquisition is
hereby incorporated by reference from the definitive Prospectus/Proxy
Statement filed on March 24, 2000.
