Exhibit d (x) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
Amendment #3 to Schedule 1
to Limited Power of Attorney
dated as of March 31, 1999
(revised as of December 1, 2000)
by Federated Equity Funds
(the Trust "), acting on
behalf of each of the series portfolios
listed below, and appointing
Federated Investment Management Company
the attorney-in-fact of the
Trust
LIST OF SERIES PORTFOLIOS
Federated Aggressive Growth Fund
Federated Capital Appreciation Fund
Federated Communications Technology Fund
Federated Kaufmann Fund
Federated Large Cap Growth Fund
Federated Large Cap Tech Fund
Federated Market Opportunity Fund
Federated New Economy Fund
Federated Small Cap Strategies Fund