FEDERATED AMERICAN LEADERS FUND INC
24F-2NT, 2000-06-23
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 24F-2

                        ANNUAL NOTICE OF SECURITIES SOLD

                             PURSUANT TO RULE 24F-2

  READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM. PLEASE PRINT OR TYPE.

1.    Name and address of issuer:

                      Federated American Leaders Fund, Inc.
                               Federated Investors
                               1001 Liberty Avenue
                       Pittsburgh, Pennsylvania 15222-3779

2.    The name of each series or class of securities for which this Form is
      filed (If the Form is being filed for all series and classes of securities
      of the issuer, check the box but do not list series or classes):  [X]

3.    Investment Company Act File Number:    811-1704
      Securities Act File Number:            2-29786

4(a). Last day of fiscal year for which this Form is filed:  MARCH 31, 2000

4(b). [   ] Check box if this Form is being filed late (i.e., more than 90
      calendar days after the end of the issuer's fiscal year).
      (See Instruction A.2)

     NOTE:  IF THE  FORM  IS  BEING  FILED  LATE,  INTEREST  MUST BE PAID ON THE
REGISTRATION FEE DUE.

4(c). [   ]  Check box if this is the last time the issuer will be filing this
      Form.

5.    Calculation of registration fee:

          (i)  Aggregate  sale price of  securities  sold during the fiscal year
               pursuant to section 24(f): $1,265,763,471

          (ii) Aggregate price of securities  redeemed or repurchased during the
               fiscal year: $1,158,080,018

          (iii)Aggregate price of securities  redeemed or repurchased during any
               PRIOR  fiscal year ending no earlier  than  October 11, 1995 that
               were not previously used to reduce  registration  fees payable to
               the Commission: $0

          (iv) Total available  redemption credits [add Items 5(ii) and 5(iii)]:
               --$1,158,080,018

          (v)  Net sales -- if Item 5(i) is greater  than Item  5(iv)  [subtract
               Item 5(iv) from Item 5(i)]: $107,683,453

          (vi) Redemption  credits  available for use in future years -- if Item
               5(i) is less than  Item  5(iv)  [subtract  Item  5(iv)  from Item
               5(i)]: ($0)

          (vii)Multiplier  for  determining  registration  fee (See  Instruction
               C.9): x 0.000264


          (viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter
                 "0" if no fee is due): =$28,428

6.    Prepaid Shares

      If the response to item 5(i) was determined by deducting an amount of
      securities that were registered under the Securities Act of 1933 pursuant
      to rule 24e-2 as in effect before [effective date of rescisison of rule
      24e-2], then report the amount of securities (number of shares or other
      units) deducted here: 0. If there is a number of shares or other units
      that were registered pursuant to rule 24e-2 remaining unsold at the end of
      the fiscal year for which this form is filed that are available for use by
      the issuer in future fiscal years, then state that number here: -0-.

7.    Interest due -- if this Form is being filed more than 90 days after the
      end of the issuer's fiscal year (see Instruction D): +$____________

8.    Total of the amount of the registration fee due plus any interest due
      [line 5(viii) plus line 7]:   =$ 28,428

9.    Date the registration fee and any interest payment was sent to the
      Commission's lockbox depository:  JUNE 22, 2000

      Method of Delivery:
            [ X ]   Wire Transfer
            [   ]   Mail or other means


                                   SIGNATURES

 This Form has been signed below by the following persons on behalf of the
issuer and in the capacities and on the date indicated.

               By:   /s/Richard J. Thomas
                    Richard J. Thomas, Treasurer



Date:     JUNE 9, 2000




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