FEDERATED US GOVERNMENT BOND FUND, 485BPOS, EX-99.AUDITCONSENT, 2000-10-25

FEDERATED US GOVERNMENT BOND FUND
485BPOS, EX-99.AUDITCONSENT, 2000-10-25

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                                                       Exhibit j under Form N-1A
                                              Exhibit 23 under Item 601/Reg. S-K




INDEPENDENT AUDITORS' CONSENT

We consent to the use in this Post-Effective Amendment No. 26 to Registration
Statement No. 2-98494 on Form N-1A of our report dated October 13, 2000 relating
to the financial statements of Federated U.S. Government Bond Fund appearing in
the Prospectus, which is a part of such Registration Statement, and to the
references to us under the heading "Financial Highlights" in such Prospectus.

Boston, Massachusetts
October 23, 2000