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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE S. ELLIOT COHAN
TITLE ASST. GEN. COUNSEL
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<TABLE> <S> <C>
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<NAME> Federated Income Securities Trust
Intermediate Income Fund
Institutional Service Shares
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