<PAGE> PAGE 1
000 B000000 08/31/1999
000 C000000 0000771520
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FEDERATED U.S. GOVERNMENT BOND FUND
001 B000000 811-4489
001 C000000 2884126653
002 A000000 1001 LIBERTY AVENUE
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 FEDERATED INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-34610
008 D010001 PITTSBURGH
008 D020001 PA
008 D030001 15222
008 D040001 3779
010 A000001 FEDERATED SERVICES COMPANY
010 C010001 PITTSBURGH
010 C020001 PA
010 C030001 15222
010 C040001 3779
011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
011 C010001 PITTSBURGH
011 C020001 PA
011 C030001 15222
011 C040001 3779
<PAGE> PAGE 2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
012 C010001 PITTSBURGH
012 C020001 PA
012 C030001 15222
012 C040001 3779
013 A000001 ARTHUR ANDERSEN LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
013 B040001 2812
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8600
015 E010001 X
015 A000002 PNC BANK, NA
015 B000002 S
015 C010002 PITTSBURGH
015 C020002 PA
015 C030002 15265
015 E010002 X
015 A000003 NATIONSBANK OF NORTH CAROLINA
015 B000003 S
015 C010003 CHARLOTTE
015 C020003 NC
015 C030003 28255
015 E010003 X
015 A000004 MORGAN GUARANTY BANK & TRUST CO.
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10015
015 E010004 X
015 A000005 THE CHASE MANHATTAN CORPORATION
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10006
015 E010005 X
015 A000006 BANK OF NEW YORK
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10006
015 E010006 X
015 A000007 BANKERS TRUST CO.
015 B000007 S
015 C010007 NEW YORK
<PAGE> PAGE 3
015 C020007 NY
015 C030007 10015
015 E010007 X
018 000000 Y
019 A000000 N
019 B000000 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 SOCIETE GENERALE
022 C000001 229445
022 D000001 0
022 A000002 CS FIRST BOSTON CORP.
022 C000002 195766
022 D000002 0
022 A000003 BT SECURITIES
022 C000003 195700
022 D000003 0
022 A000004 MORGAN STANLEY & CO. INC.
022 C000004 37357
022 D000004 25073
022 A000005 GOLDMAN SACHS & CO.
022 C000005 13290
022 D000005 34888
022 A000006 LEHMAN BROS. INC.
022 C000006 23028
022 D000006 12204
022 A000007 DLJ CAPITAL MARKETS
022 C000007 20936
022 D000007 13349
022 A000008 BEAR STEARNS SECURITIES CORP.
022 C000008 14047
022 D000008 14570
022 A000009 CHASE MANHATTAN
022 C000009 12418
022 D000009 6817
022 A000010 BARCLAYS DEZOETE WEDD SECURITIES
022 C000010 2584
022 D000010 0
023 C000000 935766
023 D000000 121583
024 000000 N
025 D000001 0
<PAGE> PAGE 4
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 7518
028 A020000 302
028 A030000 0
028 A040000 5629
028 B010000 6774
028 B020000 353
028 B030000 0
028 B040000 7730
028 C010000 4084
028 C020000 354
028 C030000 0
028 C040000 10077
028 D010000 6939
028 D020000 347
028 D030000 0
028 D040000 11496
028 E010000 11095
028 E020000 315
028 E030000 0
028 E040000 3275
028 F010000 4105
028 F020000 666
028 F030000 0
028 F040000 7526
028 G010000 40515
028 G020000 2337
028 G030000 0
028 G040000 45733
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
<PAGE> PAGE 5
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.600
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
<PAGE> PAGE 6
053 B000000 Y
053 C000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 25000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.4
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 83.1
062 N000000 15.5
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 19.9
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
<PAGE> PAGE 7
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 151001
071 B000000 121583
071 C000000 121795
071 D000000 100
072 A000000 12
072 B000000 7422
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 765
072 G000000 125
072 H000000 0
072 I000000 60
<PAGE> PAGE 8
072 J000000 10
072 K000000 0
072 L000000 30
072 M000000 11
072 N000000 39
072 O000000 0
072 P000000 0
072 Q000000 48
072 R000000 13
072 S000000 4
072 T000000 319
072 U000000 0
072 V000000 0
072 W000000 10
072 X000000 1434
072 Y000000 345
072 Z000000 6333
072AA000000 1697
072BB000000 0
072CC010000 0
072CC020000 13860
072DD010000 6330
072DD020000 0
072EE000000 2524
073 A010000 0.5200
073 A020000 0.0000
073 B000000 0.2300
073 C000000 0.0000
074 A000000 0
074 B000000 445
074 C000000 0
074 D000000 121468
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 1777
074 M000000 16
074 N000000 123706
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 517
074 S000000 0
074 T000000 123189
<PAGE> PAGE 9
074 U010000 12578
074 U020000 0
074 V010000 9.79
074 V020000 0.00
074 W000000 0.0000
074 X000000 1667
074 Y000000 0
075 A000000 0
075 B000000 127510
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 Y
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 LLOYD'S OF LONDON
080 B000000 ZURICH INSURANCE CO.;RELIANCE INSURANCE CO.
080 C000000 70000
081 A000000 Y
081 B000000 157
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000771520
<NAME> Federated U.S. Government Bond Fund
<SERIES>
<NUMBER> 001
<NAME> Federated U.S. Government Bond Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-1999
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 126,176,299
<INVESTMENTS-AT-VALUE> 121,913,238
<RECEIVABLES> 1,777,155
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 15,572
<TOTAL-ASSETS> 123,705,965
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 516,824
<TOTAL-LIABILITIES> 516,824
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 127,359,779
<SHARES-COMMON-STOCK> 12,578,002
<SHARES-COMMON-PRIOR> 10,610,535
<ACCUMULATED-NII-CURRENT> 8,689
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 83,734
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,263,061)
<NET-ASSETS> 123,189,141
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,422,377
<OTHER-INCOME> 0
<EXPENSES-NET> (1,089,390)
<NET-INVESTMENT-INCOME> 6,332,987
<REALIZED-GAINS-CURRENT> 1,696,736
<APPREC-INCREASE-CURRENT> (13,860,203)
<NET-CHANGE-FROM-OPS> (5,830,480)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,330,231)
<DISTRIBUTIONS-OF-GAINS> (2,523,976)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,143,703
<NUMBER-OF-SHARES-REDEEMED> (10,688,181)
<SHARES-REINVESTED> 511,945
<NET-CHANGE-IN-ASSETS> 6,485,096
<ACCUMULATED-NII-PRIOR> 5,296
<ACCUMULATED-GAINS-PRIOR> 917,192
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 765,007
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,434,639
<AVERAGE-NET-ASSETS> 127,509,590
<PER-SHARE-NAV-BEGIN> 11.000
<PER-SHARE-NII> 0.520
<PER-SHARE-GAIN-APPREC> (0.980)
<PER-SHARE-DIVIDEND> (0.520)
<PER-SHARE-DISTRIBUTIONS> (0.230)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.790
<EXPENSE-RATIO> 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
Sub-Item 77K: Changes in Registrant's Certifying Accountant
On May 19, 1999, the Board of Trustees (the "Board") of
Federated U.S. Government Bond Fund (the "Fund"), upon the
recommendation of the Audit Committee of the Board,
dismissed Arthur Andersen LLP ("AA" ) as the Fund's independent
auditors. AA's reports on the Fund's financial statements for
the fiscal years ended August 31, 1998 and
August 31, 1999, contained no adverse opinion or disclaimer
of opinion nor were they qualified or modified as to uncertainty,
audit scope or accounting principles. During the
Fund's fiscal years ended August 31, 1998 and August 31, 1999,
(i) there were no disagreements with AA on any matter of accounting
principles or practices, financial statement disclosure or
auditing scope or procedure, which disagreements, if not resolved
to the satisfaction of AA, would have caused it to make reference
to the subject matter of the disagreements in connection with its
reports on the financial statements for such years, and (ii) there
were no reportable events of the kind in Item 304(a)(1)(v) of
Regulation S-K under the Securities Act of 1934, as amended.
The Fund, by action of its Board, upon the recommendation of
the Audit Committee of the Board, engaged Ernst & Young LLP ("E&Y")
as the independent auditors to audit the
Fund's financial statements for the fiscal year ending August 31, 2000.
During the Fund's fiscal years ended August 31, 1998 and
August 31, 1999, neither the Fund nor anyone on
its behalf has consulted E&Y on items which (i) concerned the
application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit
opinion that might be rendered on the Fund's financial
statements or (ii) concerned the subject of a disagreement
( as defined in paragraph (a)(1)(iv) of Item 304 of Regulation
S-K) of reportable events ( as described in paragraph (a)(1)(v)
of said Item 304).
April 5, 2000
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Dear Sir:
We have read and agree with the statements contained in Sub-Item 77k of Form
N-SAR of the Federated U.S. Government Bond Fund.
Very truly yours,
Arthur Andersen LLP
Mr. Sean Fitzsimons
Page 2
September 30, 1999
