FEDERATED AMERICAN LEADERS FUND INC
NSAR-B, 1996-05-30
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<PAGE>      PAGE  1
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<PAGE>      PAGE  4
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Federated American Leaders Fund, Inc.          
                                Class A                                        
                                                                               
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Mar-31-1996                                    
<INVESTMENTS-AT-COST>           635,355,534                                    
<INVESTMENTS-AT-VALUE>          810,748,667                                    
<RECEIVABLES>                   9,658,245                                      
<ASSETS-OTHER>                  132,590                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  820,539,502                                    
<PAYABLE-FOR-SECURITIES>        2,614,812                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,270,930                                      
<TOTAL-LIABILITIES>             3,885,742                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        625,635,086                                    
<SHARES-COMMON-STOCK>           23,046,979                                     
<SHARES-COMMON-PRIOR>           17,144,389                                     
<ACCUMULATED-NII-CURRENT>       807,355                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,818,186                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        175,393,133                                    
<NET-ASSETS>                    455,866,640                                    
<DIVIDEND-INCOME>               10,436,184                                     
<INTEREST-INCOME>               2,042,570                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  7,733,040                                      
<NET-INVESTMENT-INCOME>         4,745,714                                      
<REALIZED-GAINS-CURRENT>        29,467,435                                     
<APPREC-INCREASE-CURRENT>       112,788,561                                    
<NET-CHANGE-FROM-OPS>           147,001,710                                    
<EQUALIZATION>                  797,978                                        
<DISTRIBUTIONS-OF-INCOME>       3,449,876                                      
<DISTRIBUTIONS-OF-GAINS>        12,685,641                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         8,582,300                                      
<NUMBER-OF-SHARES-REDEEMED>     3,425,166                                      
<SHARES-REINVESTED>             745,456                                        
<NET-CHANGE-IN-ASSETS>          452,962,125                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,637,755                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 8,059,839                                      
<AVERAGE-NET-ASSETS>            562,990,903                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.220                                          
<PER-SHARE-GAIN-APPREC>         4.700                                          
<PER-SHARE-DIVIDEND>            0.170                                          
<PER-SHARE-DISTRIBUTIONS>       0.630                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.780                                         
<EXPENSE-RATIO>                 1.16                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Federated American Leaders Fund, Inc.          
                                Class B                                        
                                                                               
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Mar-31-1996                                    
<INVESTMENTS-AT-COST>           635,355,534                                    
<INVESTMENTS-AT-VALUE>          810,748,667                                    
<RECEIVABLES>                   9,658,245                                      
<ASSETS-OTHER>                  132,590                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  820,539,502                                    
<PAYABLE-FOR-SECURITIES>        2,614,812                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,270,930                                      
<TOTAL-LIABILITIES>             3,885,742                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        625,635,086                                    
<SHARES-COMMON-STOCK>           13,186,538                                     
<SHARES-COMMON-PRIOR>           2,978,445                                      
<ACCUMULATED-NII-CURRENT>       807,355                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,818,186                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        175,393,133                                    
<NET-ASSETS>                    261,024,343                                    
<DIVIDEND-INCOME>               10,436,184                                     
<INTEREST-INCOME>               2,042,570                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  7,733,040                                      
<NET-INVESTMENT-INCOME>         4,745,714                                      
<REALIZED-GAINS-CURRENT>        29,467,435                                     
<APPREC-INCREASE-CURRENT>       112,788,561                                    
<NET-CHANGE-FROM-OPS>           147,001,710                                    
<EQUALIZATION>                  797,978                                        
<DISTRIBUTIONS-OF-INCOME>       300,834                                        
<DISTRIBUTIONS-OF-GAINS>        4,534,699                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         10,810,661                                     
<NUMBER-OF-SHARES-REDEEMED>     839,484                                        
<SHARES-REINVESTED>             236,916                                        
<NET-CHANGE-IN-ASSETS>          452,962,125                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,637,755                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 8,059,839                                      
<AVERAGE-NET-ASSETS>            562,990,903                                    
<PER-SHARE-NAV-BEGIN>           15.670                                         
<PER-SHARE-NII>                 0.100                                          
<PER-SHARE-GAIN-APPREC>         4.700                                          
<PER-SHARE-DIVIDEND>            0.050                                          
<PER-SHARE-DISTRIBUTIONS>       0.630                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.790                                         
<EXPENSE-RATIO>                 1.93                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     Federated American Leaders Fund, Inc.          
                                Class C                                        
                                                                               
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Mar-31-1996                                    
<INVESTMENTS-AT-COST>           635,355,534                                    
<INVESTMENTS-AT-VALUE>          810,748,667                                    
<RECEIVABLES>                   9,658,245                                      
<ASSETS-OTHER>                  132,590                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  820,539,502                                    
<PAYABLE-FOR-SECURITIES>        2,614,812                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,270,930                                      
<TOTAL-LIABILITIES>             3,885,742                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        625,635,086                                    
<SHARES-COMMON-STOCK>           2,244,614                                      
<SHARES-COMMON-PRIOR>           1,280,678                                      
<ACCUMULATED-NII-CURRENT>       807,355                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,818,186                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        175,393,133                                    
<NET-ASSETS>                    44,433,642                                     
<DIVIDEND-INCOME>               10,436,184                                     
<INTEREST-INCOME>               2,042,570                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  7,733,040                                      
<NET-INVESTMENT-INCOME>         4,745,714                                      
<REALIZED-GAINS-CURRENT>        29,467,435                                     
<APPREC-INCREASE-CURRENT>       112,788,561                                    
<NET-CHANGE-FROM-OPS>           147,001,710                                    
<EQUALIZATION>                  797,978                                        
<DISTRIBUTIONS-OF-INCOME>       50,556                                         
<DISTRIBUTIONS-OF-GAINS>        1,056,763                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,191,221                                      
<NUMBER-OF-SHARES-REDEEMED>     263,447                                        
<SHARES-REINVESTED>             36,162                                         
<NET-CHANGE-IN-ASSETS>          452,962,125                                    
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<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,637,755                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 8,059,839                                      
<AVERAGE-NET-ASSETS>            562,990,903                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         4.750                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       0.630                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.800                                         
<EXPENSE-RATIO>                 1.96                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   004                                            
     <NAME>                     Federated American Leaders Fund, Inc.          
                                Class F                                        
                                                                               
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Mar-31-1996                                    
<PERIOD-END>                    Mar-31-1996                                    
<INVESTMENTS-AT-COST>           635,355,534                                    
<INVESTMENTS-AT-VALUE>          810,748,667                                    
<RECEIVABLES>                   9,658,245                                      
<ASSETS-OTHER>                  132,590                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  820,539,502                                    
<PAYABLE-FOR-SECURITIES>        2,614,812                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       1,270,930                                      
<TOTAL-LIABILITIES>             3,885,742                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        625,635,086                                    
<SHARES-COMMON-STOCK>           2,797,212                                      
<SHARES-COMMON-PRIOR>           1,819,815                                      
<ACCUMULATED-NII-CURRENT>       807,355                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         14,818,186                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        175,393,133                                    
<NET-ASSETS>                    55,329,135                                     
<DIVIDEND-INCOME>               10,436,184                                     
<INTEREST-INCOME>               2,042,570                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  7,733,040                                      
<NET-INVESTMENT-INCOME>         4,745,714                                      
<REALIZED-GAINS-CURRENT>        29,467,435                                     
<APPREC-INCREASE-CURRENT>       112,788,561                                    
<NET-CHANGE-FROM-OPS>           147,001,710                                    
<EQUALIZATION>                  797,978                                        
<DISTRIBUTIONS-OF-INCOME>       370,222                                        
<DISTRIBUTIONS-OF-GAINS>        1,393,014                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,201,769                                      
<NUMBER-OF-SHARES-REDEEMED>     295,842                                        
<SHARES-REINVESTED>             71,470                                         
<NET-CHANGE-IN-ASSETS>          452,962,125                                    
<ACCUMULATED-NII-PRIOR>         1,646,312                                      
<ACCUMULATED-GAINS-PRIOR>       5,020,868                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           3,637,755                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 8,059,839                                      
<AVERAGE-NET-ASSETS>            562,990,903                                    
<PER-SHARE-NAV-BEGIN>           15.660                                         
<PER-SHARE-NII>                 0.190                                          
<PER-SHARE-GAIN-APPREC>         4.720                                          
<PER-SHARE-DIVIDEND>            0.160                                          
<PER-SHARE-DISTRIBUTIONS>       0.630                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             19.780                                         
<EXPENSE-RATIO>                 1.21                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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