INTERNATIONAL SERIES INC
NSAR-A, 1996-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/96
000 C000000 0000742286
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INTERNATIONAL SERIES, INC.
001 B000000 811-3984
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 FEDERATED INTERNATIONAL EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 FEDERATED INTERNATIONAL INCOME FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FEDERATED GLOBAL RESEARCH CORP.
008 B00AA01 A
008 C00AA01 801-49470
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10038
008 D04AA01 4965
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
<PAGE>      PAGE  2
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001    268
020 A000002 BZW SECURITIES, INC.
020 B000002 13-3297824
020 C000002     72
020 A000003 KLEINWORT, BENSON NORTH AMERICA
020 B000003 13-2647786
020 C000003     48
020 A000004 VICKERS BALLAS (USA) AND CO.
020 B000004 13-3743951
020 C000004     42
020 A000005 CAPEL, JAMES SECURITIES, INC.
020 C000005     41
020 A000006 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000006 13-2642206
020 C000006     27
020 A000007 NIKKO SECURITIES CO. INTERNATIONAL, INC.
020 B000007 94-1302123
020 C000007     26
020 A000008 CREDIT LYONNAIS SECURITIES
020 B000008 13-5033225
020 C000008     25
020 A000009 ROBERT FLEMING, INC.
020 B000009 13-3298866
020 C000009     24
020 A000010 PEREGRINE BROKERAGE LTD
020 C000010     20
021  000000      865
022 A000001 B.T. SECURITIES CORP.
022 B000001 13-4941247
022 C000001    499875
022 D000001         0
022 A000002 MORGAN J.P. SECURITIES, INC.
<PAGE>      PAGE  3
022 B000002 13-3224016
022 C000002     50846
022 D000002     62511
022 A000003 SWISS BANK CORP., NEW YORK
022 B000003 13-5424347
022 C000003     22789
022 D000003     38826
022 A000004 COMMERZBANK CAPITAL MARKETS CO.
022 C000004     19342
022 D000004     29129
022 A000005 STIRS O DONNELL
022 C000005     14950
022 D000005     13979
022 A000006 MORGAN GUARANTY TRUST CO. OF NEW YORK
022 B000006 13-5123346
022 C000006     28645
022 D000006         0
022 A000007 FIBA NORDIC SECURITIES
022 C000007     10320
022 D000007      2488
022 A000008 BARCLAYS DEZOETE WEDD SECURITIES
022 B000008 13-3297824
022 C000008      6180
022 D000008      5936
022 A000009 J.P. MORGAN SECURITIES, INC.
022 B000009 13-3224016
022 C000009     10390
022 D000009         0
022 A000010 ABN AMRO SECURITIES (USA), INC.
022 C000010      7950
022 D000010         0
023 C000000     706295
023 D000000     163108
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
<PAGE>      PAGE  4
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056  00AA00 N
057  00AA00 N
077 A000000 N
078  000000 N
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02266
015 C040101 8600
015 E010101 X
015 A000102 CITIBANK N.A.
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 WESTPAC CUSTODIAN NOMINEE LTD
015 B000103 S
015 C010103 SIDNEY
015 D010103 AUSTRALIA
015 D020103 2000
015 E040103 X
015 A000104 GIROCREDIT BANK AKTIENGELLSCHAFT DER SPARKASS
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 E040104 X
015 A000105 GENERALE DE BANQUE
015 B000105 S
015 C010105 BRUSSELS
<PAGE>      PAGE  5
015 D010105 BELGIUM
015 E040105 X
015 A000106 BANKERS TRUST CO.
015 B000106 S
015 C010106 NEW YORK
015 C020106 NY
015 C030106 10015
015 E010106 X
015 A000107 BANK OF NEW YORK
015 B000107 S
015 C010107 NEW YORK
015 C020107 NY
015 C030107 10006
015 E010107 X
015 A000108 CITIBANK N.A.
015 B000108 S
015 C010108 SAO PAULO
015 D010108 BRAZIL
015 E040108 X
015 A000109 CANADA TRUST COMPANY
015 B000109 S
015 C010109 TORONTO, ONTARIO
015 D010109 CANADA
015 D020109 M5J2T2
015 E040109 X
015 A000110 CHEMICAL BANK & TRUST CO.
015 B000110 S
015 C010110 NEW YORK
015 C020110 NY
015 C030110 10006
015 E010110 X
015 A000111 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000111 S
015 C010111 SHANGHAI
015 D010111 CHINA
015 E040111 X
015 A000112 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000112 S
015 C010112 SHENZHEN
015 D010112 CHINA
015 E040112 X
015 A000113 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000113 S
015 C010113 PRAGUE
015 D010113 CZECH REPUBLIC
015 E040113 X
015 A000114 DEN DANSKE BANK
015 B000114 S
015 C010114 DK-1092 COPENHAGEN
015 D010114 DENMARK
015 E040114 X
<PAGE>      PAGE  6
015 A000115 MERITA BANK LIMITED
015 B000115 S
015 C010115 00500 HELSINKI
015 D010115 FINLAND
015 E040115 X
015 A000116 BANQUE PARIBAS
015 B000116 S
015 C010116 75078 PARIS
015 D010116 FRANCE
015 E040116 X
015 A000117 BERLINER HANDES-UND FRANKFURTER BANK
015 B000117 S
015 C010117 D-6000 FRANKFURT AM
015 D010117 GERMANY
015 E040117 X
015 A000118 NATIONAL BANK OF GREECE
015 B000118 S
015 C010118 105 59 ATHENS
015 D010118 GREECE
015 E040118 X
015 A000119 DRESDNER BANK AG
015 B000119 S
015 C010119 FRANKFURT
015 D010119 GERMANY
015 E040119 X
015 A000120 STANDARD CHARTERED BANK
015 B000120 S
015 C010120 HONG KONG
015 D010120 HONG KONG
015 E040120 X
015 A000121 CITIBANK BUDAPEST RT.
015 B000121 S
015 C010121 BUDAPEST
015 D010121 HUNGARY
015 E040121 X
015 A000122 STANDARD CHARTERED EQUITOR GROUP
015 B000122 S
015 C010122 JAKARTA
015 D010122 INDONESIA
015 D020122 10220
015 E040122 X
015 A000123 BANK OF IRELAND
015 B000123 S
015 C010123 DUBLIN 1
015 D010123 IRELAND
015 E040123 X
015 A000124 BANK HAPOALIM B.M.
015 B000124 S
015 C010124 TEL AVIV
015 D010124 ISRAEL
015 E040124 X
<PAGE>      PAGE  7
015 A000125 MORGAN GUARANTY TRUST CO. OF NY
015 B000125 S
015 C010125 20121 MILANO
015 D010125 ITALY
015 E040125 X
015 A000126 SUMITOMO TRUST & BANK CO., LTD.
015 B000126 S
015 C010126 TOKYO
015 D010126 JAPAN
015 E040126 X
015 A000127 STANDARD CHARTERED BANK MALAYSIA
015 B000127 S
015 C010127 50450 KUALA LUMPUR
015 D010127 MALAYSIA
015 E040127 X
015 A000128 CITIBANK N.A.
015 B000128 S
015 C010128 MEXICO CITY
015 D010128 MEXICO
015 D020128 D.F 06695
015 E040128 X
015 A000129 MORGAN GUARANTY BANK & TRUST CO.
015 B000129 S
015 C010129 NEW YORK
015 C020129 NY
015 C030129 10015
015 E010129 X
015 A000130 NATIONSBANC CAPITAL MARKETS, INC.
015 B000130 S
015 C010130 RICHMOND
015 C020130 VA
015 C030130 23261
015 E010130 X
015 A000131 NATIONSBANK OF NORTH CAROLINA
015 B000131 S
015 C010131 CHARLOTTE
015 C020131 NC
015 C030131 28255
015 E010131 X
015 A000132 MEES PIERSON N.V.
015 B000132 S
015 C010132 1000 AG AMSTERDAM
015 D010132 NETHERLANDS
015 E040132 X
015 A000133 ANZ NOMINEES LTD.
015 B000133 S
015 C010133 WELLINGTON
015 D010133 NEW ZEALAND
015 E040133 X
015 A000134 CHRISTIANIA BANK OF KREDITKASSE
015 B000134 S
<PAGE>      PAGE  8
015 C010134 0368 OSLO 3
015 D010134 NORWAY
015 E040134 X
015 A000135 DEUSTE BANK
015 B000135 S
015 C010135 KARACHI
015 D010135 PAKISTAN
015 D020135 74000
015 E040135 X
015 A000136 CITIBANK, N.A. LIMA
015 B000136 S
015 C010136 LIMA 27
015 D010136 PERU
015 E040136 X
015 A000137 STANDARD CHARTERED BANK
015 B000137 S
015 C010137 MAKATI,METRO MANILLA
015 D010137 THE PHILLIPPINES
015 E040137 X
015 A000138 PNC BANK, NA
015 B000138 S
015 C010138 PITTSBURGH
015 C020138 PA
015 C030138 15265
015 E010138 X
015 A000139 BANK OF SEOUL
015 B000139 S
015 C010139 SEOUL
015 D010139 KOREA
015 E040139 X
015 A000140 BANCO SANTANDER
015 B000140 S
015 C010140 28022 MADRID
015 D010140 SPAIN
015 E040140 X
015 A000141 SKANDINAVISKA ENSKILDA BANKEN
015 B000141 S
015 C010141 S-10640 STOCKHOLM
015 D010141 SWEDEN
015 E040141 X
015 A000142 UNION BANK OF SWITZERLAND
015 B000142 S
015 C010142 8021 ZURICH
015 D010142 SWITZERLAND
015 E040142 X
015 A000143 STANDARD CHARTERED BANK
015 B000143 S
015 C010143 BANGKOK
015 D010143 THAILAND
015 D020143 10500
015 E040143 X
<PAGE>      PAGE  9
015 A000144 CITIBANK, N.A.
015 B000144 S
015 C010144 ISTANBUL
015 D010144 TURKEY
015 E040144 X
015 A000145 CITIBANK N.A.
015 B000145 S
015 C010145 MONTEVIDEO
015 D010145 URUGUAY
015 D020145 11000
015 E040145 X
015 A000146 CITIBANK N.A.
015 B000146 S
015 C010146 CARACAS
015 D010146 VENEZUELA
015 D020146 1010
015 E040146 X
015 A000147 BANCO COMMERCIAL PORTUGUES
015 B000147 S
015 C010147 LISBON
015 D010147 PORTUGAL
015 D020147 1000
015 E040147 X
015 A000148 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000148 S
015 C010148 JOHANNESBURG
015 D010148 SOUTH AFRICA
015 E040148 X
015 A000149 DEVELOPMENT BANK OF SINGAPORE
015 B000149 S
015 C010149 SINGAPORE
015 D010149 SINGAPORE
015 D020149 0104
015 E040149 X
015 A000150 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B000150 S
015 C010150 BRATISLAVA
015 D010150 SLOVAK REPUBLIC
015 E040150 X
024  000100 Y
025 A000101 NOMURA SECURITIES
025 C000101 E
025 D000101    1662
025 A000102 WAKO SECURITIES
025 C000102 E
025 D000102    1603
025 A000103 BARING SECURITIES
025 C000103 E
025 D000103    1198
025 D000104       0
025 D000105       0
<PAGE>      PAGE  10
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100      9760
028 A020100     12071
028 A030100         0
028 A040100     14035
028 B010100     16038
028 B020100         0
028 B030100         0
028 B040100     16120
028 C010100      9884
028 C020100        68
028 C030100         0
028 C040100     18140
028 D010100     15908
028 D020100         0
028 D030100         0
028 D040100     15609
028 E010100     18063
028 E020100         1
028 E030100         0
028 E040100     13816
028 F010100     10627
028 F020100         0
028 F030100         0
028 F040100      8627
028 G010100     80280
028 G020100     12140
028 G030100         0
028 G040100     86347
028 H000100     48667
029  000100 Y
030 A000100    465
030 B000100  5.50
030 C000100  0.00
031 A000100     10
031 B000100      0
032  000100    455
033  000100      0
034  000100 Y
035  000100     22
036 A000100 N
036 B000100      0
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
<PAGE>      PAGE  11
042 H000100   0
043  000100     65
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  1.000
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100      500
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
<PAGE>      PAGE  12
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067  000100 N
068 A000100 N
068 B000100 Y
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100    115890
<PAGE>      PAGE  13
071 B000100    132151
071 C000100    197720
071 D000100   59
072 A000100  6
072 B000100       55
072 C000100     1456
072 D000100        0
072 E000100        0
072 F000100      996
072 G000100      141
072 H000100        0
072 I000100      121
072 J000100      160
072 K000100        0
072 L000100       36
072 M000100        5
072 N000100       20
072 O000100       26
072 P000100        0
072 Q000100       42
072 R000100       15
072 S000100        5
072 T000100      314
072 U000100        0
072 V000100        0
072 W000100       11
072 X000100     1892
072 Y000100      159
072 Z000100     -222
072AA000100     5113
072BB000100      280
072CC010100    13653
072CC020100        0
072DD010100      920
072DD020100        0
072EE000100    21487
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100       60
074 B000100     1595
074 C000100        0
074 D000100        0
074 E000100     6920
074 F000100   196792
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100     2086
074 K000100        0
<PAGE>      PAGE  14
074 L000100     1683
074 M000100        0
074 N000100   209136
074 O000100     1247
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      530
074 S000100        0
074 T000100   207359
074 U010100    10628
074 U020100     1248
074 V010100     0.00
074 V020100     0.00
074 W000100   0.0000
074 X000100     8911
074 Y000100        0
075 A000100        0
075 B000100   201335
076  000100     0.00
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02266
015 C040201 8600
015 E010201 X
015 A000202 WESTPAC CUSTODIAN NOMINEE LTD
015 B000202 S
015 C010202 SIDNEY
015 D010202 AUSTRALIA
015 D020202 2000
015 E040202 X
015 A000203 GIROCREDIT BANK AKTIENGELLSCHAFT DER SPARKASS
015 B000203 S
015 C010203 VIENNA
015 D010203 AUSTRIA
015 E040203 X
015 A000204 GENERALE DE BANQUE
015 B000204 S
015 C010204 BRUSSELS
015 D010204 BELGIUM
015 E040204 X
015 A000205 BANKERS TRUST CO.
015 B000205 S
015 C010205 NEW YORK
015 C020205 NY
015 C030205 10015
015 E010205 X
<PAGE>      PAGE  15
015 A000206 BANK OF NEW YORK
015 B000206 S
015 C010206 NEW YORK
015 C020206 NY
015 C030206 10006
015 E010206 X
015 A000207 CANADA TRUST COMPANY
015 B000207 S
015 C010207 TORONTO, ONTARIO
015 D010207 CANADA
015 D020207 M5J2T2
015 E040207 X
015 A000208 CHEMICAL BANK & TRUST CO.
015 B000208 S
015 C010208 NEW YORK
015 C020208 NY
015 C030208 10006
015 E010208 X
015 A000209 DEN DANSKE BANK
015 B000209 S
015 C010209 DK-1092 COPENHAGEN
015 D010209 DENMARK
015 E040209 X
015 A000210 MERITA BANK LIMITED
015 B000210 S
015 C010210 00500 HELSINKI
015 D010210 FINLAND
015 E040210 X
015 A000211 BANQUE PARIBAS
015 B000211 S
015 C010211 75078 PARIS
015 D010211 FRANCE
015 E040211 X
015 A000212 BERLINER HANDES-UND FRANKFURTER BANK
015 B000212 S
015 C010212 D-6000 FRANKFURT AM
015 D010212 GERMANY
015 E040212 X
015 A000213 NATIONAL BANK OF GREECE
015 B000213 S
015 C010213 105 59 ATHENS
015 D010213 GREECE
015 E040213 X
015 A000214 STANDARD CHARTERED BANK
015 B000214 S
015 C010214 HONG KONG
015 D010214 HONG KONG
015 E040214 X
015 A000215 BANK OF IRELAND
015 B000215 S
015 C010215 DUBLIN 1
<PAGE>      PAGE  16
015 D010215 IRELAND
015 E040215 X
015 A000216 MORGAN GUARANTY TRUST CO. OF NY
015 B000216 S
015 C010216 20121 MILANO
015 D010216 ITALY
015 E040216 X
015 A000217 SUMITOMO TRUST & BANK CO., LTD.
015 B000217 S
015 C010217 TOKYO
015 D010217 JAPAN
015 E040217 X
015 A000218 STANDARD CHARTERED BANK MALAYSIA
015 B000218 S
015 C010218 50450 KUALA LUMPUR
015 D010218 MALAYSIA
015 E040218 X
015 A000219 CITIBANK N.A.
015 B000219 S
015 C010219 MEXICO CITY
015 D010219 MEXICO
015 D020219 D.F. 06695
015 E040219 X
015 A000220 MORGAN GUARANTY BANK & TRUST CO.
015 B000220 S
015 C010220 NEW YORK
015 C020220 NY
015 C030220 10015
015 E010220 X
015 A000221 NATIONSBANC CAPITAL MARKETS, INC.
015 B000221 S
015 C010221 RICHMOND
015 C020221 VA
015 C030221 23261
015 E010221 X
015 A000222 NATIONSBANK OF NORTH CAROLINA
015 B000222 S
015 C010222 CHARLOTTE
015 C020222 NC
015 C030222 28255
015 E010222 X
015 A000223 MEES PIERSON N.V.
015 B000223 S
015 C010223 1000 AG AMSTERDAM
015 D010223 NETHERLANDS
015 E040223 X
015 A000224 ANZ NOMINEES LTD.
015 B000224 S
015 C010224 WELLINGTON
015 D010224 NEW ZEALAND
015 E040224 X
<PAGE>      PAGE  17
015 A000225 CHRISTIANIA BANK OF KREDITKASSE
015 B000225 S
015 C010225 0368 OSLO 3
015 D010225 NORWAY
015 E040225 X
015 A000226 PNC BANK, NA
015 B000226 S
015 C010226 PITTSBURGH
015 C020226 PA
015 C030226 15265
015 E010226 X
015 A000227 BANCO COMMERCIAL PORTUGUES
015 B000227 S
015 C010227 LISBON
015 D010227 PORTUGAL
015 D020227 1000
015 E040227 X
015 A000228 DEVELOPMENT BANK OF SINGAPORE
015 B000228 S
015 C010228 SINGAPORE
015 D010228 SINGAPORE
015 D020228 0104
015 E040228 X
015 A000229 BANCO SANTANDER
015 B000229 S
015 C010229 28022 MADRID
015 D010229 SPAIN
015 E040229 X
015 A000230 SKANDINAVISKA ENSKILDA BANKEN
015 B000230 S
015 C010230 S-10640 STOCKHOLM
015 D010230 SWEDEN
015 E040230 X
015 A000231 UNION BANK OF SWITZERLAND
015 B000231 S
015 C010231 8021 ZURICH
015 D010231 SWITZERLAND
015 E040231 X
015 A000232 STANDARD CHARTERED BANK
015 B000232 S
015 C010232 BANGKOK
015 D010232 THAILAND
015 D020232 10500
015 E040232 X
015 A000233 CITIBANK, N.A.
015 B000233 S
015 C010233 ISTANBUL
015 D010233 TURKEY
015 E040233 X
024  000200 N
025 D000201       0
<PAGE>      PAGE  18
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200      4924
028 A020200      1895
028 A030200         0
028 A040200      8706
028 B010200     15811
028 B020200         0
028 B030200         0
028 B040200      8359
028 C010200      7499
028 C020200         0
028 C030200         0
028 C040200      3337
028 D010200      4102
028 D020200      1232
028 D030200         0
028 D040200      5469
028 E010200      5197
028 E020200         0
028 E030200         0
028 E040200      5600
028 F010200      8814
028 F020200         0
028 F030200         0
028 F040200      5737
028 G010200     46347
028 G020200      3127
028 G030200         0
028 G040200     37208
028 H000200     41769
029  000200 Y
030 A000200    200
030 B000200  4.50
030 C000200  0.00
031 A000200      3
031 B000200      0
032  000200    197
033  000200      0
034  000200 Y
035  000200      6
036 A000200 N
036 B000200      0
042 A000200   0
042 B000200   0
042 C000200 100
<PAGE>      PAGE  19
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    131
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.750
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
058 A000200 N
059  000200 Y
060 A000200 N
060 B000200 N
061  000200      500
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   1.9
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
<PAGE>      PAGE  20
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200  93.6
062 R000200   0.0
063 A000200   0
063 B000200  8.4
064 A000200 N
064 B000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 Y
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200    160101
<PAGE>      PAGE  21
071 B000200    157863
071 C000200    180873
071 D000200   87
072 A000200  6
072 B000200     7475
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200      708
072 G000200      133
072 H000200        0
072 I000200       46
072 J000200       68
072 K000200        0
072 L000200       40
072 M000200        3
072 N000200       20
072 O000200       18
072 P000200        0
072 Q000200       41
072 R000200       17
072 S000200        9
072 T000200      509
072 U000200        0
072 V000200        0
072 W000200        7
072 X000200     1619
072 Y000200      330
072 Z000200     6186
072AA000200    10886
072BB000200     2394
072CC010200        0
072CC020200    12988
072DD010200     7824
072DD020200      576
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        4
074 B000200     3565
074 C000200        0
074 D000200   180453
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200     5562
074 K000200        0
<PAGE>      PAGE  22
074 L000200     8568
074 M000200        0
074 N000200   198152
074 O000200     5490
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       63
074 S000200        0
074 T000200   192599
074 U010200    16003
074 U020200     1533
074 V010200     0.00
074 V020200     0.00
074 W000200   0.0000
074 X000200     2340
074 Y000200        0
075 A000200        0
075 B000200   188823
076  000200     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Equity Fund            
                                Class A Shares                                 
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           185,218,485                                    
<INVESTMENTS-AT-VALUE>          205,307,159                                    
<RECEIVABLES>                   3,768,383                                      
<ASSETS-OTHER>                  59,778                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  209,135,320                                    
<PAYABLE-FOR-SECURITIES>        1,246,784                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       529,953                                        
<TOTAL-LIABILITIES>             1,776,737                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        182,738,133                                    
<SHARES-COMMON-STOCK>           10,628,365                                     
<SHARES-COMMON-PRIOR>           10,725,577                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          (277,984)                                      
<ACCUMULATED-NET-GAINS>         4,817,880                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        20,080,554                                     
<NET-ASSETS>                    185,899,802                                    
<DIVIDEND-INCOME>               1,455,722                                      
<INTEREST-INCOME>               55,228                                         
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,732,482                                      
<NET-INVESTMENT-INCOME>         (221,532)                                      
<REALIZED-GAINS-CURRENT>        4,833,218                                      
<APPREC-INCREASE-CURRENT>       13,653,059                                     
<NET-CHANGE-FROM-OPS>           18,264,745                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       919,346                                        
<DISTRIBUTIONS-OF-GAINS>        19,980,524                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         4,197,442                                      
<NUMBER-OF-SHARES-REDEEMED>     4,974,308                                      
<SHARES-REINVESTED>             679,654                                        
<NET-CHANGE-IN-ASSETS>          1,930,682                                      
<ACCUMULATED-NII-PRIOR>         863,049                                        
<ACCUMULATED-GAINS-PRIOR>       21,471,982                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           995,755                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,891,389                                      
<AVERAGE-NET-ASSETS>            201,334,505                                    
<PER-SHARE-NAV-BEGIN>           17.890                                         
<PER-SHARE-NII>                 (0.010)                                        
<PER-SHARE-GAIN-APPREC>         1.590                                          
<PER-SHARE-DIVIDEND>            0.090                                          
<PER-SHARE-DISTRIBUTIONS>       1.890                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             17.490                                         
<EXPENSE-RATIO>                 1.66                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   012                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Equity Fund            
                                Class B Shares                                 
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           185,218,485                                    
<INVESTMENTS-AT-VALUE>          205,307,159                                    
<RECEIVABLES>                   3,768,383                                      
<ASSETS-OTHER>                  59,778                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  209,135,320                                    
<PAYABLE-FOR-SECURITIES>        1,246,784                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       529,953                                        
<TOTAL-LIABILITIES>             1,776,737                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        182,738,133                                    
<SHARES-COMMON-STOCK>           767,688                                        
<SHARES-COMMON-PRIOR>           359,853                                        
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          (277,984)                                      
<ACCUMULATED-NET-GAINS>         4,817,880                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        20,080,554                                     
<NET-ASSETS>                    13,258,359                                     
<DIVIDEND-INCOME>               1,455,722                                      
<INTEREST-INCOME>               55,228                                         
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,732,482                                      
<NET-INVESTMENT-INCOME>         (221,532)                                      
<REALIZED-GAINS-CURRENT>        4,833,218                                      
<APPREC-INCREASE-CURRENT>       13,653,059                                     
<NET-CHANGE-FROM-OPS>           18,264,745                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        726,598                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         405,741                                        
<NUMBER-OF-SHARES-REDEEMED>     38,305                                         
<SHARES-REINVESTED>             40,399                                         
<NET-CHANGE-IN-ASSETS>          1,930,682                                      
<ACCUMULATED-NII-PRIOR>         863,049                                        
<ACCUMULATED-GAINS-PRIOR>       21,471,982                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           995,755                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,891,389                                      
<AVERAGE-NET-ASSETS>            201,334,505                                    
<PER-SHARE-NAV-BEGIN>           17.700                                         
<PER-SHARE-NII>                 (0.040)                                        
<PER-SHARE-GAIN-APPREC>         1.500                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       1.890                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             17.270                                         
<EXPENSE-RATIO>                 2.59                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   013                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Equity Fund            
                                Class C Shares                                 
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           185,218,485                                    
<INVESTMENTS-AT-VALUE>          205,307,159                                    
<RECEIVABLES>                   3,768,383                                      
<ASSETS-OTHER>                  59,778                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  209,135,320                                    
<PAYABLE-FOR-SECURITIES>        1,246,784                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       529,953                                        
<TOTAL-LIABILITIES>             1,776,737                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        182,738,133                                    
<SHARES-COMMON-STOCK>           479,991                                        
<SHARES-COMMON-PRIOR>           408,295                                        
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          (277,984)                                      
<ACCUMULATED-NET-GAINS>         4,817,880                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        20,080,554                                     
<NET-ASSETS>                    8,200,422                                      
<DIVIDEND-INCOME>               1,455,722                                      
<INTEREST-INCOME>               55,228                                         
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,732,482                                      
<NET-INVESTMENT-INCOME>         (221,532)                                      
<REALIZED-GAINS-CURRENT>        4,833,218                                      
<APPREC-INCREASE-CURRENT>       13,653,059                                     
<NET-CHANGE-FROM-OPS>           18,264,745                                     
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       155                                            
<DISTRIBUTIONS-OF-GAINS>        780,198                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         125,890                                        
<NUMBER-OF-SHARES-REDEEMED>     84,391                                         
<SHARES-REINVESTED>             30,197                                         
<NET-CHANGE-IN-ASSETS>          1,930,682                                      
<ACCUMULATED-NII-PRIOR>         863,049                                        
<ACCUMULATED-GAINS-PRIOR>       21,471,982                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           995,755                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,891,389                                      
<AVERAGE-NET-ASSETS>            201,334,505                                    
<PER-SHARE-NAV-BEGIN>           17.500                                         
<PER-SHARE-NII>                 (0.050)                                        
<PER-SHARE-GAIN-APPREC>         1.520                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       1.890                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             17.080                                         
<EXPENSE-RATIO>                 2.56                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   021                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Income Fund            
                                Class A                                        
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           183,877,151                                    
<INVESTMENTS-AT-VALUE>          184,018,063                                    
<RECEIVABLES>                   14,130,064                                     
<ASSETS-OTHER>                  4,103                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  198,152,230                                    
<PAYABLE-FOR-SECURITIES>        5,489,932                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       63,768                                         
<TOTAL-LIABILITIES>             5,553,700                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        202,747,919                                    
<SHARES-COMMON-STOCK>           16,002,759                                     
<SHARES-COMMON-PRIOR>           15,276,429                                     
<ACCUMULATED-NII-CURRENT>       2,234,343                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (12,486,202)                                   
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        102,470                                        
<NET-ASSETS>                    175,785,451                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               7,474,659                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,288,972                                      
<NET-INVESTMENT-INCOME>         6,185,687                                      
<REALIZED-GAINS-CURRENT>        8,492,453                                      
<APPREC-INCREASE-CURRENT>       (12,988,194)                                   
<NET-CHANGE-FROM-OPS>           1,689,946                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       7,824,036                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,700,191                                      
<NUMBER-OF-SHARES-REDEEMED>     3,214,894                                      
<SHARES-REINVESTED>             241,033                                        
<NET-CHANGE-IN-ASSETS>          5,555,706                                      
<ACCUMULATED-NII-PRIOR>         4,448,761                                      
<ACCUMULATED-GAINS-PRIOR>       (20,978,654)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           707,976                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,618,718                                      
<AVERAGE-NET-ASSETS>            188,823,327                                    
<PER-SHARE-NAV-BEGIN>           11.380                                         
<PER-SHARE-NII>                 0.370                                          
<PER-SHARE-GAIN-APPREC>         (0.260)                                        
<PER-SHARE-DIVIDEND>            0.510                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.980                                         
<EXPENSE-RATIO>                 1.30                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   022                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Income Fund            
                                Class B                                        
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           183,877,151                                    
<INVESTMENTS-AT-VALUE>          184,018,063                                    
<RECEIVABLES>                   14,130,064                                     
<ASSETS-OTHER>                  4,103                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  198,152,230                                    
<PAYABLE-FOR-SECURITIES>        5,489,932                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       63,768                                         
<TOTAL-LIABILITIES>             5,553,700                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        202,747,919                                    
<SHARES-COMMON-STOCK>           374,410                                        
<SHARES-COMMON-PRIOR>           98,831                                         
<ACCUMULATED-NII-CURRENT>       2,234,343                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (12,486,202)                                   
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        102,470                                        
<NET-ASSETS>                    4,105,655                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               7,474,659                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,288,972                                      
<NET-INVESTMENT-INCOME>         6,185,687                                      
<REALIZED-GAINS-CURRENT>        8,492,453                                      
<APPREC-INCREASE-CURRENT>       (12,988,194)                                   
<NET-CHANGE-FROM-OPS>           1,689,946                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       71,799                                         
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         281,816                                        
<NUMBER-OF-SHARES-REDEEMED>     10,880                                         
<SHARES-REINVESTED>             4,643                                          
<NET-CHANGE-IN-ASSETS>          5,555,706                                      
<ACCUMULATED-NII-PRIOR>         4,448,761                                      
<ACCUMULATED-GAINS-PRIOR>       (20,978,654)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           707,976                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,618,718                                      
<AVERAGE-NET-ASSETS>            188,823,327                                    
<PER-SHARE-NAV-BEGIN>           11.360                                         
<PER-SHARE-NII>                 0.340                                          
<PER-SHARE-GAIN-APPREC>         (0.260)                                        
<PER-SHARE-DIVIDEND>            0.470                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.970                                         
<EXPENSE-RATIO>                 2.10                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   023                                            
     <NAME>                     International Series, Inc.                     
                                Federated International Income Fund            
                                Class C                                        
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Nov-30-1996                                    
<PERIOD-END>                    May-31-1996                                    
<INVESTMENTS-AT-COST>           183,877,151                                    
<INVESTMENTS-AT-VALUE>          184,018,063                                    
<RECEIVABLES>                   14,130,064                                     
<ASSETS-OTHER>                  4,103                                          
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  198,152,230                                    
<PAYABLE-FOR-SECURITIES>        5,489,932                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       63,768                                         
<TOTAL-LIABILITIES>             5,553,700                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        202,747,919                                    
<SHARES-COMMON-STOCK>           1,158,804                                      
<SHARES-COMMON-PRIOR>           1,057,972                                      
<ACCUMULATED-NII-CURRENT>       2,234,343                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (12,486,202)                                   
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        102,470                                        
<NET-ASSETS>                    12,707,424                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               7,474,659                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  1,288,972                                      
<NET-INVESTMENT-INCOME>         6,185,687                                      
<REALIZED-GAINS-CURRENT>        8,492,453                                      
<APPREC-INCREASE-CURRENT>       (12,988,194)                                   
<NET-CHANGE-FROM-OPS>           1,689,946                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       504,272                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         178,093                                        
<NUMBER-OF-SHARES-REDEEMED>     115,577                                        
<SHARES-REINVESTED>             38,316                                         
<NET-CHANGE-IN-ASSETS>          5,555,706                                      
<ACCUMULATED-NII-PRIOR>         4,448,761                                      
<ACCUMULATED-GAINS-PRIOR>       (20,978,654)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           707,976                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 1,618,718                                      
<AVERAGE-NET-ASSETS>            188,823,327                                    
<PER-SHARE-NAV-BEGIN>           11.360                                         
<PER-SHARE-NII>                 0.330                                          
<PER-SHARE-GAIN-APPREC>         (0.250)                                        
<PER-SHARE-DIVIDEND>            0.470                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.970                                         
<EXPENSE-RATIO>                 2.09                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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