INTERNATIONAL SERIES INC
24F-2NT, 1995-01-17
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                               Rule 24f-2 Notice

                           INTERNATIONAL SERIES, INC.

                                  (Fund Name)


                           Federated Investors Tower
                      Pittsburgh, Pennsylvania 15222-3779

                              1933 Act No. 2-91776


  (i)   fiscal period for which notice is filed November 30, 1994

 (ii)   The number or amount of securities of the
        same class or series, if any, which had
        been registered under the Securities Act
        of 1933, other than pursuant to Rule 24f-2
        but which remained unsold at December 1, 1993,
        the beginning of the Registrant's fiscal
        period                                           -0-

(iii)   The number or amount of securities, if
        any, registered during the fiscal period
        of this notice other than pursuant to
        Rule 24f-2                                       -0-        -0-

  (iv)  The number or amount of securities
        sold during the fiscal period of this
        notice                                                   24,289,090

   (v)  The number or amount of securities sold
        during the fiscal period of this notice
        in reliance upon registration pursuant
        to Rule 24f-2 (see attached Computation
        of Fee)                                                  24,289,090



     WITNESS the due execution hereof this 16th day of January, 1995.



                                        By: /s/Jeannette Fisher-Garber
                                            Jeannette Fisher-Garber
                                            Assistant Secretary

                               COMPUTATION OF FEE


1. Actual aggregate sale price of Registrant's
   securities sold pursuant to Rule 24f-2 during
   the fiscal period for which the 24f-2 notice
   is filed (see Section v)................................... $336,008,922

2. Reduced by the difference between:

   (a)  actual aggregate redemption price
        of such securities redeemed by the
        issuer during the fiscal period for
        which the 24f-2 notice is filed........ $267,606,017

   (b)  actual aggregate redemption price
        of such redeemed securities
        previously applied by the issuer
        pursuant to Section 24e(2)(a) for
        the fiscal period for which the
        24f-2 notice is filed..................       -0-	      267,606,017


Total amount upon which the fee calculation specified
in Section 6(b) of the Securities Act of 1933 is
based......................................................... $ 68,402,905


     FEE SUBMITTED (1/29 of 1% of Total amount)............... $     23,587





                    HOUSTON, HOUSTON & DONNELLY
                          ATTORNEYS AT LAW
                       2510 CENTRE CITY TOWER
WILLIAM McC. HOUSTON  PITTSBURGH, PA.  15222
FRED CHALMERS HOUSTON, JR.   __________
THOMAS J. DONNELLY
JOHN F. MECK             (412) 471-5828          FRED CHALMERS HOUSTON
                        FAX (412) 471-0736          (1914 - 1971)


MARIO SANTILLI, JR.
THEODORE M. HAMMER

                               January 16, 1995
                                       
                                       
                                       
International Series, Inc.
Federated Investors Tower
Pittsburgh, PA  15222-3779

Gentlemen:

       You have requested our opinion for use in conjunction with a Rule 24f-2
Notice  for  International Series, Inc. ("Fund") to be  filed  in  respect  of
shares  of  the  Fund ("Shares") sold for the fiscal year ended  November  30,
1994,  pursuant to the Fund's registration statement filed with the Securities
and Exchange Commission ("SEC") under the Securities Act of 1933 (File No.  2-
91776) ("Registration Statement").

       In  its  Registration  Statement,  the  Fund  elected  to  register  an
indefinite number of Shares pursuant to the provisions of SEC Rule 24f-2.

      We have reviewed the amended Registration Statement of the Fund and such
other  documents and records deemed relevant.  On the basis of the  foregoing,
it  is our opinion that the Shares sold for the fiscal year ended November 30,
1994,  registration of which the Rule 24f-2 Notice makes definite  in  number,
were legally issued, fully paid and non-assessable.

       We  consent to your filing this opinion as an Exhibit to the Rule 24f-2
Notice  referred to above, the Registration Statement of the Fund and  to  any
application or registration statement filed under the Securities Laws  of  any
of the States of the United States.

                                          Very truly yours,

                                          Houston, Houston & Donnelly



                                          By:  /s/ Thomas J. Donnelley

TJD:smg






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