FEDERATED AMERICAN LEADERS FUND INC
NSAR-B, 1997-05-30
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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020 A000007 AUTRANET, INC.
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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-31-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           1,129,854,356                                  
<INVESTMENTS-AT-VALUE>          1,340,504,401                                  
<RECEIVABLES>                   10,111,090                                     
<ASSETS-OTHER>                  2,092,720                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,352,708,211                                  
<PAYABLE-FOR-SECURITIES>        14,660,138                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,829,621                                      
<TOTAL-LIABILITIES>             18,489,759                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,044,027,051                                  
<SHARES-COMMON-STOCK>           29,823,124                                     
<SHARES-COMMON-PRIOR>           24,921,010                                     
<ACCUMULATED-NII-CURRENT>       173,072                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         79,368,284                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        210,650,045                                    
<NET-ASSETS>                    638,082,498                                    
<DIVIDEND-INCOME>               20,396,275                                     
<INTEREST-INCOME>               2,358,917                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  16,129,687                                     
<NET-INVESTMENT-INCOME>         6,625,505                                      
<REALIZED-GAINS-CURRENT>        141,874,167                                    
<APPREC-INCREASE-CURRENT>       35,256,912                                     
<NET-CHANGE-FROM-OPS>           183,756,584                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       5,317,770                                      
<DISTRIBUTIONS-OF-GAINS>        37,762,270                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         7,706,275                                      
<NUMBER-OF-SHARES-REDEEMED>     5,165,910                                      
<SHARES-REINVESTED>             1,877,620                                      
<NET-CHANGE-IN-ASSETS>          517,564,692                                    
<ACCUMULATED-NII-PRIOR>         1,323,485                                      
<ACCUMULATED-GAINS-PRIOR>       43,211,183                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           6,915,061                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 16,282,136                                     
<AVERAGE-NET-ASSETS>            1,071,407,605                                  
<PER-SHARE-NAV-BEGIN>           19.780                                         
<PER-SHARE-NII>                 0.230                                          
<PER-SHARE-GAIN-APPREC>         3.110                                          
<PER-SHARE-DIVIDEND>            0.210                                          
<PER-SHARE-DISTRIBUTIONS>       1.510                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.400                                         
<EXPENSE-RATIO>                 1.17                                           
<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-31-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           1,129,854,356                                  
<INVESTMENTS-AT-VALUE>          1,340,504,401                                  
<RECEIVABLES>                   10,111,090                                     
<ASSETS-OTHER>                  2,092,720                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,352,708,211                                  
<PAYABLE-FOR-SECURITIES>        14,660,138                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,829,621                                      
<TOTAL-LIABILITIES>             18,489,759                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,044,027,051                                  
<SHARES-COMMON-STOCK>           25,285,276                                     
<SHARES-COMMON-PRIOR>           19,340,768                                     
<ACCUMULATED-NII-CURRENT>       173,072                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         79,368,284                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        210,650,045                                    
<NET-ASSETS>                    540,995,343                                    
<DIVIDEND-INCOME>               20,396,275                                     
<INTEREST-INCOME>               2,358,917                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  16,129,687                                     
<NET-INVESTMENT-INCOME>         6,625,505                                      
<REALIZED-GAINS-CURRENT>        141,874,167                                    
<APPREC-INCREASE-CURRENT>       35,256,912                                     
<NET-CHANGE-FROM-OPS>           183,756,584                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,076,234                                      
<DISTRIBUTIONS-OF-GAINS>        29,990,344                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         12,996,770                                     
<NUMBER-OF-SHARES-REDEEMED>     2,323,540                                      
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<NET-CHANGE-IN-ASSETS>          517,564,692                                    
<ACCUMULATED-NII-PRIOR>         1,323,485                                      
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<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           6,915,061                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 16,282,136                                     
<AVERAGE-NET-ASSETS>            1,071,407,605                                  
<PER-SHARE-NAV-BEGIN>           19.790                                         
<PER-SHARE-NII>                 0.050                                          
<PER-SHARE-GAIN-APPREC>         3.120                                          
<PER-SHARE-DIVIDEND>            0.050                                          
<PER-SHARE-DISTRIBUTIONS>       1.510                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.400                                         
<EXPENSE-RATIO>                 1.95                                           
<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-31-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           1,129,854,356                                  
<INVESTMENTS-AT-VALUE>          1,340,504,401                                  
<RECEIVABLES>                   10,111,090                                     
<ASSETS-OTHER>                  2,092,720                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,352,708,211                                  
<PAYABLE-FOR-SECURITIES>        14,660,138                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,829,621                                      
<TOTAL-LIABILITIES>             18,489,759                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,044,027,051                                  
<SHARES-COMMON-STOCK>           3,271,219                                      
<SHARES-COMMON-PRIOR>           2,827,793                                      
<ACCUMULATED-NII-CURRENT>       173,072                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         79,368,284                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        210,650,045                                    
<NET-ASSETS>                    69,989,875                                     
<DIVIDEND-INCOME>               20,396,275                                     
<INTEREST-INCOME>               2,358,917                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  16,129,687                                     
<NET-INVESTMENT-INCOME>         6,625,505                                      
<REALIZED-GAINS-CURRENT>        141,874,167                                    
<APPREC-INCREASE-CURRENT>       35,256,912                                     
<NET-CHANGE-FROM-OPS>           183,756,584                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       143,909                                        
<DISTRIBUTIONS-OF-GAINS>        4,292,692                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,226,661                                      
<NUMBER-OF-SHARES-REDEEMED>     401,373                                        
<SHARES-REINVESTED>             201,317                                        
<NET-CHANGE-IN-ASSETS>          517,564,692                                    
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<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 16,282,136                                     
<AVERAGE-NET-ASSETS>            1,071,407,605                                  
<PER-SHARE-NAV-BEGIN>           19.800                                         
<PER-SHARE-NII>                 0.040                                          
<PER-SHARE-GAIN-APPREC>         3.120                                          
<PER-SHARE-DIVIDEND>            0.050                                          
<PER-SHARE-DISTRIBUTIONS>       1.510                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.400                                         
<EXPENSE-RATIO>                 1.95                                           
<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-31-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           1,129,854,356                                  
<INVESTMENTS-AT-VALUE>          1,340,504,401                                  
<RECEIVABLES>                   10,111,090                                     
<ASSETS-OTHER>                  2,092,720                                      
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,352,708,211                                  
<PAYABLE-FOR-SECURITIES>        14,660,138                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,829,621                                      
<TOTAL-LIABILITIES>             18,489,759                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,044,027,051                                  
<SHARES-COMMON-STOCK>           3,979,824                                      
<SHARES-COMMON-PRIOR>           3,519,988                                      
<ACCUMULATED-NII-CURRENT>       173,072                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         79,368,284                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        210,650,045                                    
<NET-ASSETS>                    85,150,736                                     
<DIVIDEND-INCOME>               20,396,275                                     
<INTEREST-INCOME>               2,358,917                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  16,129,687                                     
<NET-INVESTMENT-INCOME>         6,625,505                                      
<REALIZED-GAINS-CURRENT>        141,874,167                                    
<APPREC-INCREASE-CURRENT>       35,256,912                                     
<NET-CHANGE-FROM-OPS>           183,756,584                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       721,875                                        
<DISTRIBUTIONS-OF-GAINS>        5,278,763                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,296,525                                      
<NUMBER-OF-SHARES-REDEEMED>     388,020                                        
<SHARES-REINVESTED>             274,107                                        
<NET-CHANGE-IN-ASSETS>          517,564,692                                    
<ACCUMULATED-NII-PRIOR>         1,323,485                                      
<ACCUMULATED-GAINS-PRIOR>       43,211,183                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           6,915,061                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 16,282,136                                     
<AVERAGE-NET-ASSETS>            1,071,407,605                                  
<PER-SHARE-NAV-BEGIN>           19.780                                         
<PER-SHARE-NII>                 0.200                                          
<PER-SHARE-GAIN-APPREC>         3.130                                          
<PER-SHARE-DIVIDEND>            0.200                                          
<PER-SHARE-DISTRIBUTIONS>       1.510                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             21.400                                         
<EXPENSE-RATIO>                 1.19                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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