Exhibit 23 (d) v under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
EXHIBIT F
to the
Investment Advisory Contract
FEDERATED NEW ECONOMY FUND
For all services rendered by Adviser hereunder, the above-named Fund of the
Trust shall pay to Adviser and Adviser agrees to accept as full compensation for
all services rendered hereunder, an annual investment advisory fee equal to
1.25% of the average daily net assets of the Fund.
The portion of the fee based upon the average daily net assets of the Fund
shall be accrued daily at the rate of 1/365th of 1.25% applied to the daily net
assets of the Fund.
The advisory fee so accrued shall be paid to Adviser daily.
Witness the due execution hereof this 1st day of June, 2000.
FEDERATED INVESTMENT MANAGEMENT COMPANY
By: /S/ G. ANDREW BONNEWELL
Name: G. Andrew Bonnewell
Title: Vice President
FEDERATED EQUITY FUNDS
By: /S/ J. CHRISTOPHER DONAHUE
Name: J. Christopher Donahue
Title: Executive Vice President
