FEDERATED AMERICAN LEADERS FUND INC
NSAR-A, 1996-11-27
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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>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1997                                    
<PERIOD-END>                    Sep-30-1996                                    
<INVESTMENTS-AT-COST>           846,927,763                                    
<INVESTMENTS-AT-VALUE>          1,028,386,094                                  
<RECEIVABLES>                   13,671,574                                     
<ASSETS-OTHER>                  14,967                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,042,072,635                                  
<PAYABLE-FOR-SECURITIES>        4,652,792                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       868,277                                        
<TOTAL-LIABILITIES>             5,521,069                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        810,558,567                                    
<SHARES-COMMON-STOCK>           24,921,010                                     
<SHARES-COMMON-PRIOR>           23,046,979                                     
<ACCUMULATED-NII-CURRENT>       1,323,485                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         43,211,183                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        181,458,331                                    
<NET-ASSETS>                    510,464,473                                    
<DIVIDEND-INCOME>               8,184,750                                      
<INTEREST-INCOME>               1,584,439                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  6,689,275                                      
<NET-INVESTMENT-INCOME>         3,079,914                                      
<REALIZED-GAINS-CURRENT>        43,236,764                                     
<APPREC-INCREASE-CURRENT>       6,065,198                                      
<NET-CHANGE-FROM-OPS>           52,381,876                                     
<EQUALIZATION>                  402,371                                        
<DISTRIBUTIONS-OF-INCOME>       2,249,995                                      
<DISTRIBUTIONS-OF-GAINS>        7,749,906                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,353,366                                      
<NUMBER-OF-SHARES-REDEEMED>     1,922,091                                      
<SHARES-REINVESTED>             442,756                                        
<NET-CHANGE-IN-ASSETS>          219,897,806                                    
<ACCUMULATED-NII-PRIOR>         807,355                                        
<ACCUMULATED-GAINS-PRIOR>       14,818,186                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,886,909                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,782,163                                      
<AVERAGE-NET-ASSETS>            924,062,962                                    
<PER-SHARE-NAV-BEGIN>           19.780                                         
<PER-SHARE-NII>                 0.100                                          
<PER-SHARE-GAIN-APPREC>         1.010                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       0.320                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.480                                         
<EXPENSE-RATIO>                 1.13                                           
<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>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1997                                    
<PERIOD-END>                    Sep-30-1996                                    
<INVESTMENTS-AT-COST>           846,927,763                                    
<INVESTMENTS-AT-VALUE>          1,028,386,094                                  
<RECEIVABLES>                   13,671,574                                     
<ASSETS-OTHER>                  14,967                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,042,072,635                                  
<PAYABLE-FOR-SECURITIES>        4,652,792                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       868,277                                        
<TOTAL-LIABILITIES>             5,521,069                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        810,558,567                                    
<SHARES-COMMON-STOCK>           19,340,768                                     
<SHARES-COMMON-PRIOR>           13,186,538                                     
<ACCUMULATED-NII-CURRENT>       1,323,485                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         43,211,183                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        181,458,331                                    
<NET-ASSETS>                    396,077,509                                    
<DIVIDEND-INCOME>               8,184,750                                      
<INTEREST-INCOME>               1,584,439                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  6,689,275                                      
<NET-INVESTMENT-INCOME>         3,079,914                                      
<REALIZED-GAINS-CURRENT>        43,236,764                                     
<APPREC-INCREASE-CURRENT>       6,065,198                                      
<NET-CHANGE-FROM-OPS>           52,381,876                                     
<EQUALIZATION>                  402,371                                        
<DISTRIBUTIONS-OF-INCOME>       358,797                                        
<DISTRIBUTIONS-OF-GAINS>        5,247,621                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         6,799,155                                      
<NUMBER-OF-SHARES-REDEEMED>     908,727                                        
<SHARES-REINVESTED>             263,802                                        
<NET-CHANGE-IN-ASSETS>          219,897,806                                    
<ACCUMULATED-NII-PRIOR>         807,355                                        
<ACCUMULATED-GAINS-PRIOR>       14,818,186                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,886,909                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,782,163                                      
<AVERAGE-NET-ASSETS>            924,062,962                                    
<PER-SHARE-NAV-BEGIN>           19.790                                         
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         1.010                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<PER-SHARE-DISTRIBUTIONS>       0.320                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.480                                         
<EXPENSE-RATIO>                 1.92                                           
<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>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1997                                    
<PERIOD-END>                    Sep-30-1996                                    
<INVESTMENTS-AT-COST>           846,927,763                                    
<INVESTMENTS-AT-VALUE>          1,028,386,094                                  
<RECEIVABLES>                   13,671,574                                     
<ASSETS-OTHER>                  14,967                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,042,072,635                                  
<PAYABLE-FOR-SECURITIES>        4,652,792                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       868,277                                        
<TOTAL-LIABILITIES>             5,521,069                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        810,558,567                                    
<SHARES-COMMON-STOCK>           2,827,793                                      
<SHARES-COMMON-PRIOR>           2,244,614                                      
<ACCUMULATED-NII-CURRENT>       1,323,485                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         43,211,183                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        181,458,331                                    
<NET-ASSETS>                    57,924,578                                     
<DIVIDEND-INCOME>               8,184,750                                      
<INTEREST-INCOME>               1,584,439                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  6,689,275                                      
<NET-INVESTMENT-INCOME>         3,079,914                                      
<REALIZED-GAINS-CURRENT>        43,236,764                                     
<APPREC-INCREASE-CURRENT>       6,065,198                                      
<NET-CHANGE-FROM-OPS>           52,381,876                                     
<EQUALIZATION>                  402,371                                        
<DISTRIBUTIONS-OF-INCOME>       50,922                                         
<DISTRIBUTIONS-OF-GAINS>        818,012                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         691,126                                        
<NUMBER-OF-SHARES-REDEEMED>     148,369                                        
<SHARES-REINVESTED>             40,422                                         
<NET-CHANGE-IN-ASSETS>          219,897,806                                    
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<OVERDIST-NET-GAINS-PRIOR>      0                                              
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<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,782,163                                      
<AVERAGE-NET-ASSETS>            924,062,962                                    
<PER-SHARE-NAV-BEGIN>           19.800                                         
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         1.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<PER-SHARE-DISTRIBUTIONS>       0.320                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.480                                         
<EXPENSE-RATIO>                 1.92                                           
<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>                   6-Mos                                          
<FISCAL-YEAR-END>               Mar-31-1997                                    
<PERIOD-END>                    Sep-30-1996                                    
<INVESTMENTS-AT-COST>           846,927,763                                    
<INVESTMENTS-AT-VALUE>          1,028,386,094                                  
<RECEIVABLES>                   13,671,574                                     
<ASSETS-OTHER>                  14,967                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,042,072,635                                  
<PAYABLE-FOR-SECURITIES>        4,652,792                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       868,277                                        
<TOTAL-LIABILITIES>             5,521,069                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        810,558,567                                    
<SHARES-COMMON-STOCK>           3,519,988                                      
<SHARES-COMMON-PRIOR>           2,797,212                                      
<ACCUMULATED-NII-CURRENT>       1,323,485                                      
<OVERDISTRIBUTION-NII>          0                                              
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<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        181,458,331                                    
<NET-ASSETS>                    72,085,006                                     
<DIVIDEND-INCOME>               8,184,750                                      
<INTEREST-INCOME>               1,584,439                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  6,689,275                                      
<NET-INVESTMENT-INCOME>         3,079,914                                      
<REALIZED-GAINS-CURRENT>        43,236,764                                     
<APPREC-INCREASE-CURRENT>       6,065,198                                      
<NET-CHANGE-FROM-OPS>           52,381,876                                     
<EQUALIZATION>                  402,371                                        
<DISTRIBUTIONS-OF-INCOME>       306,441                                        
<DISTRIBUTIONS-OF-GAINS>        1,028,228                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         808,453                                        
<NUMBER-OF-SHARES-REDEEMED>     147,747                                        
<SHARES-REINVESTED>             62,070                                         
<NET-CHANGE-IN-ASSETS>          219,897,806                                    
<ACCUMULATED-NII-PRIOR>         807,355                                        
<ACCUMULATED-GAINS-PRIOR>       14,818,186                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,886,909                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 6,782,163                                      
<AVERAGE-NET-ASSETS>            924,062,962                                    
<PER-SHARE-NAV-BEGIN>           19.780                                         
<PER-SHARE-NII>                 0.100                                          
<PER-SHARE-GAIN-APPREC>         1.010                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       0.320                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             20.480                                         
<EXPENSE-RATIO>                 1.15                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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