FEDERATED AMERICAN LEADERS FUND, INC.
Federated Investors Funds
5800 Corporate Drive
Pittsburgh, Pennsylvania 15237-7000
May 4, 1998
Bruce MacNeil
Office of Disclosure and Review
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest
Washington, DC 20549
RE: FEDERATED AMERICAN LEADERS FUND, INC. (the "the Registrant")
1933 Act File No. 2-29786
1940 ACT FILE NO. 811-1704
Dear Mr. MacNeil:
As Assistant Secretary of the Registrant and pursuant to Rule 485,
paragraph (b)(1)(vii), under the Securities Act of 1933, I hereby request
permission to file a post-effective amendment under this paragraph to:
o add disclosure to the Prospectuses and Statement of
Additional Information of the above-referenced fund
to allow the fund to invest in equity and mortgage real
estate investment trusts.
The proposed sections entitled "Real Estate Investment Trusts" to be
inserted into the Prospectuses and Statement of Additional Information of the
above-referenced fund is identical to the disclosure that was previously
reviewed by the Securities and Exchange Commission in connection with a Rule
485(a) filing of Federated Utility Fund, Inc. which was filed on February 20,
1998 as Post-Effective Amendment No. 20. All comments received from the Staff
with respect to the sections entitled "Real Estate Investment Trusts" contained
in that filing were resolved to the mutual satisfaction of the Staff and the
Registrant.
The Registrant further represents that all other disclosure contained in
the proposed filing has been previously filed with and reviewed by the Staff or
is immaterial. Therefore, the Registrant certifies that the sections entitled
"Real Estate Investment Trusts" that are proposed to be added to the
Prospectuses and Statement of Additional Information are identical to the
sections entitled "Real Estate Investment Trusts" contained in the Rule 485(a)
filing for Federated Utility Fund, Inc. and that all other disclosure contained
in the filing would otherwise qualify under paragraph (b) of Rule 485.
I would appreciate your response on or by May 11, 1998 to avoid filing a
post-effective amendment under Rule 485(a) on behalf of the Registrant.
Questions on this request may be directed to me at (412) 288-8634 or to
Heather Aland at (412) 288-1097.
Very truly yours,
/s/ Nicholas J. Seitanakis
Nicholas J. Seitanakis
Associate Corporate Counsel
cc: S. Elliott Cohan, Federated Investors
Leslie C. Petrone, Federated Investors
Patricia F. Conner, Federated Investors
Heather M. Aland, Federated Investors
