FEDERATED EQUITY FUNDS
NSAR-B, EX-27, 2000-12-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000745968
<NAME>                            Federated Equity Funds
<SERIES>
     <NUMBER>                     061
     <NAME>                       Federated Communications Technology Fund - Class A

<S>                               <C>
<PERIOD-TYPE>                     12-MOS
<FISCAL-YEAR-END>                 Oct-31-2000
<PERIOD-END>                      Oct-31-2000
<INVESTMENTS-AT-COST>             775,797,660
<INVESTMENTS-AT-VALUE>            813,588,982
<RECEIVABLES>                     16,491,097
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
<TOTAL-ASSETS>                    830,080,079
<PAYABLE-FOR-SECURITIES>          14,178,865
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         3,184,603
<TOTAL-LIABILITIES>               17,363,468
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          1,066,710,956
<SHARES-COMMON-STOCK>             17,442,701
<SHARES-COMMON-PRIOR>             1,118,474
<ACCUMULATED-NII-CURRENT>         0
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           (291,785,667)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          37,791,322
<NET-ASSETS>                      255,307,001
<DIVIDEND-INCOME>                 61,356
<INTEREST-INCOME>                 1,161,972
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (13,509,209)
<NET-INVESTMENT-INCOME>           (12,285,881)
<REALIZED-GAINS-CURRENT>          (291,348,389)
<APPREC-INCREASE-CURRENT>         29,688,277
<NET-CHANGE-FROM-OPS>             (273,945,993)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         0
<DISTRIBUTIONS-OF-GAINS>          (134,110)
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           40,349,656
<NUMBER-OF-SHARES-REDEEMED>       (24,041,269)
<SHARES-REINVESTED>               15,840
<NET-CHANGE-IN-ASSETS>            756,787,469
<ACCUMULATED-NII-PRIOR>           0
<ACCUMULATED-GAINS-PRIOR>         43,728
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             5,582,883
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   13,510,104
<AVERAGE-NET-ASSETS>              231,223,479
<PER-SHARE-NAV-BEGIN>             12.420
<PER-SHARE-NII>                   (0.210)
<PER-SHARE-GAIN-APPREC>           2.460
<PER-SHARE-DIVIDEND>              0.000
<PER-SHARE-DISTRIBUTIONS>         (0.030)
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               14.640
<EXPENSE-RATIO>                   1.30
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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