WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000005352
<NAME> Federated American Leaders Fund, Inc.
<SERIES>
<NUMBER> 001
<NAME> Federated American Leaders Fund, Inc. - Class A Shares
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Mar-31-2000
<PERIOD-END> Mar-31-2000
<INVESTMENTS-AT-COST> 3,135,922,876
<INVESTMENTS-AT-VALUE> 3,685,938,809
<RECEIVABLES> 48,038,559
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 784
<TOTAL-ASSETS> 3,733,978,152
<PAYABLE-FOR-SECURITIES> 20,304,727
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,387,632
<TOTAL-LIABILITIES> 31,692,359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,077,879,729
<SHARES-COMMON-STOCK> 67,580,942
<SHARES-COMMON-PRIOR> 65,109,552
<ACCUMULATED-NII-CURRENT> 890,782
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 73,499,349
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 550,015,933
<NET-ASSETS> 1,671,779,968
<DIVIDEND-INCOME> 68,423,709
<INTEREST-INCOME> 3,709,279
<OTHER-INCOME> 0
<EXPENSES-NET> (60,935,591)
<NET-INVESTMENT-INCOME> 11,197,397
<REALIZED-GAINS-CURRENT> 84,487,948
<APPREC-INCREASE-CURRENT> (56,015,276)
<NET-CHANGE-FROM-OPS> 39,670,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,546,813)
<DISTRIBUTIONS-OF-GAINS> (34,738,302)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,854,536
<NUMBER-OF-SHARES-REDEEMED> (21,912,496)
<SHARES-REINVESTED> 1,529,350
<NET-CHANGE-IN-ASSETS> 31,470,077
<ACCUMULATED-NII-PRIOR> 1,083,696
<ACCUMULATED-GAINS-PRIOR> 68,609,095
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 25,334,934
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 61,037,537
<AVERAGE-NET-ASSETS> 1,718,368,266
<PER-SHARE-NAV-BEGIN> 24.900
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 0.350
<PER-SHARE-DIVIDEND> (0.160)
<PER-SHARE-DISTRIBUTIONS> (0.520)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 24.740
<EXPENSE-RATIO> 1.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>