THE KAUFMANN FUND, INC.
PROXY FOR THE SPECIAL MEETING OF SHAREHOLDERS
______________, 2001
This proxy is being solicited on behalf of the Board of Directors of The
Kaufmann Fund, Inc. ("Fund"). The undersigned appoints as proxies [insert
names], and each of them (with power of substitution), to vote all the
undersigned's shares in the Fund at the Special Meeting of Shareholders to be
held on [_____], 2001, at [__] Eastern Time at 140 East 45th Street, New York,
New York 10017, and any adjournment thereof ("Meeting"), with all the power the
undersigned would have if personally present.
The shares represented by this proxy will be voted as instructed. Unless
indicated to the contrary, this proxy shall be deemed to grant authority to vote
"FOR" the proposal specified below. This proxy also grants discretionary power
to vote upon such other business as may properly come before the Meeting.
YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN. IF YOU ARE NOT VOTING
BY PHONE OR INTERNET, PLEASE SIGN AND DATE THIS PROXY BELOW AND RETURN IT
PROMPTLY IN THE ENCLOSED ENVELOPE.
TO VOTE BY TOUCH-TONE PHONE, PLEASE CALL 1-800-690-6903 TOLL FREE. TO VOTE BY
INTERNET, VISIT OUR WEBSITE AT WWW.PROXYVOTE.COM.
TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:
[X] KEEP THIS PORTION FOR YOUR RECORDS
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DETACH AND RETURN THIS PORTION ONLY
THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.
THE KAUFMANN FUND, INC.
VOTE ON PROPOSAL FOR AGAINST ABSTAIN
1. TO APPROVE OR DISAPPROVE A PROPOSED AGREEMENT / / / / / /
AND PLAN OF REORGANIZATION BETWEEN THE KAUFMANN
FUND AND THE FEDERATED KAUFMANN FUND, A NEWLY
ORGANIZED SERIES OF FEDERATED EQUITY FUNDS.
YOUR VOTE IS IMPORTANT NO MATTER HOW MANY SHARES YOU OWN. IF YOU ARE NOT VOTING
BY PHONE OR INTERNET, PLEASE SIGN AND DATE THIS PROXY BELOW AND RETURN IT
PROMPTLY IN THE ENCLOSED ENVELOPE.
TO VOTE BY TOUCH-TONE PHONE, PLEASE CALL 1-800-690-6903 TOLL FREE. TO VOTE BY
INTERNET, VISIT OUR WEBSITE AT WWW.PROXYVOTE.COM.
Please sign exactly as name appears hereon. If shares are held in the name of
joint owners, at least one owner must sign. Attorneys-in-fact, executors,
administrators, etc. should so indicate. If shareholder is a corporation or
partnership, please sign in full corporate or partnership name by authorized
person.
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Signature (owner, trustee, custodian, etc.) Date
