CONSENT OF ERNST & YOUNG, INDEPENDENT AUDITORS
We consent to the references to our firm under the captions "Financial
Highlights" in the Prospectus dated March 31, 2000, and "Independent Auditors"
in the Statement of Additional Information dated March 31, 2000, of the
Federated International Equity Fund (one of the portfolios of Federated
International Series, Inc.), and to the incorporation by reference of our report
dated January 21, 2000 with respect to the financial statements and financial
highlights of the Federated International Equity Fund included in the November
30, 1999 Annual Report to Shareholders, in the Statement of Additional
Information, which Prospectus and Statement of Additional Information are
incorporated by reference in the Prospectus/Proxy Statement and the Statement of
Additional Information included in the Registration Statement on Form N-14 (File
No. 2-91776) of Federated International Series, Inc.
/s/ Ernst & Young LLP
ERNST & YOUNG LLP
Boston, Massachusetts
June 19, 2000
