Exhibit (j) under Form N-1A
Exhibit (23) under Item 60/Reg.S-K
INDEPENDENT AUDITORS CONSENT
We consent to the use in this Post-Effective Amendment No. 49 to
Registration Statement No. 2-91090 on Form N-1A of our report dated December 8,
2000 relating to the financial statements of Federated Communications Technology
Fund appearing in the Prospectus, which is part of such Registration Statement,
and to the references to us under the heading "Financial Highlights" in such
Prospectus.
/S/ DELOITTE & TOUCHE LLP
Ernst & Young LLP
Boston, Massachusetts
December 15, 2000