<PAGE> PAGE 1
000 A000000 10/31/1999
000 C000000 0000789281
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 INCOME SECURITIES TRUST
001 B000000 811-4577
001 C000000 4122882614
002 A000000 FEDERATED INVESTORS TOWER
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 Y
007 B000000 2
007 C010100 1
007 C020100 FEDERATED SHORT-TERM INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 FEDERATED INTERMEDIATE INCOME FUND
007 C030200 N
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 A00AA01 FEDERATED INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-34610
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15222
008 D04AA01 3779
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
<PAGE> PAGE 2
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8600
015 E01AA01 X
015 A00AA02 BANKERS TRUST CO.
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 BANK OF NEW YORK
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10006
015 E01AA03 X
015 A00AA04 THE CHASE MANHATTAN CORP.
015 B00AA04 S
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10006
015 E01AA04 X
015 A00AA05 MORGAN GUARANTY BANK & TRUST CO.
015 B00AA05 S
015 C01AA05 NEW YORK
015 C02AA05 NY
015 C03AA05 10015
015 E01AA05 X
015 A00AA06 NATIONSBANK OF NORTH CAROLINA
015 B00AA06 S
015 C01AA06 CHARLOTTE
015 C02AA06 NC
015 C03AA06 28255
015 E01AA06 X
<PAGE> PAGE 3
015 A00AA07 PNC BANK, NA
015 B00AA07 S
015 C01AA07 PITTSBURGH
015 C02AA07 PA
015 C03AA07 15265
015 E01AA07 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 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 SALOMON SMITH BARNEY
022 C000001 1504645
022 D000001 0
022 A000002 ABN AMRO CHICAGO CORPORATION
022 C000002 678005
022 D000002 0
022 A000003 BEAR STEARNS SECURITIES
022 C000003 473116
022 D000003 2794
022 A000004 GOLDMAN SACHS & CO.
022 C000004 41945
022 D000004 7544
022 A000005 DEUTSCHE BANK AG FRANKFURT
022 C000005 34020
022 D000005 0
022 A000006 MORGAN STANLEY & CO.
022 C000006 23091
022 D000006 9225
022 A000007 LEHMAN BROTHERS
022 C000007 18263
022 D000007 9373
022 A000008 STATE STREET BANK & TRUST
022 C000008 19000
022 D000008 7000
022 A000009 MERRILL LYNCH PIERCE FENNER, SMITH & CO.
022 C000009 8296
022 D000009 6539
022 A000010 RAYMOND JAMES & ASSOCIATES
022 C000010 10568
022 D000010 3740
023 C000000 2865090
<PAGE> PAGE 4
023 D000000 67712
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
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
<PAGE> PAGE 5
060 B00AA00 Y
061 00AA00 25000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
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 A00AA00 LLOYD'S OF LONDON
080 B00AA00 ZURICH INSURANCE COMPANY; RELIANCE INSURANCE
080 C00AA00 70000
081 A00AA00 Y
081 B00AA00 153
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
<PAGE> PAGE 6
086 F020000 0
024 000100 Y
025 A000101 LEHMAN BROTHERS
025 C000101 D
025 D000101 3798
025 A000102 MERRILL LYNCH, PIERCE, FENNER, SMITH & CO.
025 C000102 D
025 D000102 1953
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
025 D000109 0
025 D000110 0
025 D000111 0
025 D000112 0
025 D000113 0
025 D000114 0
025 D000115 0
025 D000116 0
028 A010100 16780
028 A020100 0
028 A030100 0
028 A040100 6237
028 B010100 6464
028 B020100 376
028 B030100 0
028 B040100 3954
028 C010100 10085
028 C020100 381
028 C030100 0
028 C040100 3979
028 D010100 6533
028 D020100 382
028 D030100 0
028 D040100 4719
028 E010100 4574
028 E020100 420
028 E030100 0
028 E040100 12556
028 F010100 9614
028 F020100 397
028 F030100 0
028 F040100 9129
028 G010100 54050
028 G020100 1956
028 G030100 0
028 G040100 40574
028 H000100 0
<PAGE> PAGE 7
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 30
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.400
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 6.5
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
<PAGE> PAGE 8
062 K000100 0.0
062 L000100 0.0
062 M000100 4.2
062 N000100 3.7
062 O000100 0.0
062 P000100 52.8
062 Q000100 32.3
062 R000100 0.0
063 A000100 0
063 B000100 1.5
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 189951
071 B000100 112996
071 C000100 211243
<PAGE> PAGE 9
071 D000100 53
072 A000100 6
072 B000100 7420
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 451
072 G000100 85
072 H000100 0
072 I000100 37
072 J000100 9
072 K000100 0
072 L000100 14
072 M000100 4
072 N000100 20
072 O000100 0
072 P000100 0
072 Q000100 37
072 R000100 9
072 S000100 3
072 T000100 312
072 U000100 0
072 V000100 0
072 W000100 5
072 X000100 986
072 Y000100 320
072 Z000100 6754
072AA000100 0
072BB000100 43
072CC010100 0
072CC020100 2937
072DD010100 5944
072DD020100 710
072EE000100 0
073 A010100 0.2600
073 A020100 0.2400
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 14585
074 C000100 0
074 D000100 207478
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 119
074 K000100 0
074 L000100 2053
074 M000100 0
<PAGE> PAGE 10
074 N000100 224235
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1129
074 S000100 0
074 T000100 223106
074 U010100 23429
074 U020100 2655
074 V010100 8.55
074 V020100 8.55
074 W000100 0.0000
074 X000100 1270
074 Y000100 0
075 A000100 0
075 B000100 224366
076 000100 0.00
024 000200 Y
025 A000201 MERRILL LYNCH, PIERCE, FENNER, SMITH & CO.
025 C000201 D
025 D000201 3353
025 A000202 SALOMON SMITH BARNEY
025 C000202 D
025 D000202 2411
025 A000203 MORGAN STANLEY
025 C000203 D
025 D000203 958
025 A000204 LEHMAN BROTHERS
025 C000204 D
025 D000204 2775
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 5564
028 A020200 0
028 A030200 0
028 A040200 7626
028 B010200 15334
028 B020200 312
028 B030200 0
028 B040200 5823
028 C010200 95092
028 C020200 326
028 C030200 0
028 C040200 5513
028 D010200 13189
028 D020200 337
<PAGE> PAGE 11
028 D030200 0
028 D040200 7701
028 E010200 6885
028 E020200 359
028 E030200 0
028 E040200 6612
028 F010200 9538
028 F020200 378
028 F030200 0
028 F040200 7397
028 G010200 145602
028 G020200 1712
028 G030200 0
028 G040200 40672
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 20
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.500
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
<PAGE> PAGE 12
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 1.6
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 2.0
062 N000200 17.0
062 O000200 0.0
062 P000200 62.2
062 Q000200 2.2
062 R000200 13.7
063 A000200 0
063 B000200 9.8
064 A000200 Y
064 B000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
<PAGE> PAGE 13
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 176538
071 B000200 74045
071 C000200 274561
071 D000200 27
072 A000200 6
072 B000200 8454
072 C000200 1213
072 D000200 0
072 E000200 0
072 F000200 709
072 G000200 107
072 H000200 0
072 I000200 19
072 J000200 10
072 K000200 0
072 L000200 20
072 M000200 3
072 N000200 28
072 O000200 0
072 P000200 0
072 Q000200 46
072 R000200 9
072 S000200 3
072 T000200 374
072 U000200 0
072 V000200 0
072 W000200 5
072 X000200 1333
072 Y000200 527
072 Z000200 8861
072AA000200 0
072BB000200 1212
072CC010200 0
072CC020200 9623
072DD010200 8351
072DD020200 483
072EE000200 0
073 A010200 0.3100
073 A020200 0.2900
<PAGE> PAGE 14
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 5145
074 C000200 0
074 D000200 211790
074 E000200 154
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 107556
074 J000200 2400
074 K000200 0
074 L000200 5606
074 M000200 0
074 N000200 332651
074 O000200 1937
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 1851
074 S000200 0
074 T000200 328863
074 U010200 32117
074 U020200 1773
074 V010200 9.70
074 V020200 9.70
074 W000200 0.0000
074 X000200 690
074 Y000200 0
075 A000200 0
075 B000200 281906
076 000200 0.00
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000789281
<NAME> Federated Income Securities Trust
<SERIES>
<NUMBER> 021
<NAME> Federated Intermediate Income Fund - Institutional Shares
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-2000
<PERIOD-END> Oct-31-1999
<INVESTMENTS-AT-COST> "333,551,448"
<INVESTMENTS-AT-VALUE> "324,644,942"
<RECEIVABLES> "8,006,129"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "332,651,071"
<PAYABLE-FOR-SECURITIES> "1,936,716"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,851,637"
<TOTAL-LIABILITIES> "1,851,637"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "338,376,900"
<SHARES-COMMON-STOCK> "32,116,820"
<SHARES-COMMON-PRIOR> "21,837,776"
<ACCUMULATED-NII-CURRENT> "56,411"
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(664,087)"
<ACCUM-APPREC-OR-DEPREC> "(8,906,506)"
<NET-ASSETS> "311,659,394"
<DIVIDEND-INCOME> "1,213,187"
<INTEREST-INCOME> "8,453,901"
<OTHER-INCOME> 0
<EXPENSES-NET> "(805,858)"
<NET-INVESTMENT-INCOME> "8,861,230"
<REALIZED-GAINS-CURRENT> "(1,212,378)"
<APPREC-INCREASE-CURRENT> "(9,622,552)"
<NET-CHANGE-FROM-OPS> "(1,973,700)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(8,351,100)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "14,035,498"
<NUMBER-OF-SHARES-REDEEMED> "(3,900,574)"
<SHARES-REINVESTED> "144,120"
<NET-CHANGE-IN-ASSETS> "95,834,038"
<ACCUMULATED-NII-PRIOR> "29,249"
<ACCUMULATED-GAINS-PRIOR> "548,291"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "708,615"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "1,333,096"
<AVERAGE-NET-ASSETS> "265,876,518"
<PER-SHARE-NAV-BEGIN> 10.070
<PER-SHARE-NII> 0.310
<PER-SHARE-GAIN-APPREC> (0.370)
<PER-SHARE-DIVIDEND> (0.310)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.700
<EXPENSE-RATIO> 0.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000789281
<NAME> Federated Income Securities Trust
<SERIES>
<NUMBER> 022
<NAME> Federated Intermediate Income Fund - Institutional Service Shares
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-2000
<PERIOD-END> Oct-31-1999
<INVESTMENTS-AT-COST> "333,551,448"
<INVESTMENTS-AT-VALUE> "324,644,942"
<RECEIVABLES> "8,006,129"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "332,651,071"
<PAYABLE-FOR-SECURITIES> "1,936,716"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,851,637"
<TOTAL-LIABILITIES> "1,851,637"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "338,376,900"
<SHARES-COMMON-STOCK> "1,772,827"
<SHARES-COMMON-PRIOR> "1,311,740"
<ACCUMULATED-NII-CURRENT> "56,411"
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(664,087)"
<ACCUM-APPREC-OR-DEPREC> "(8,906,506)"
<NET-ASSETS> "17,203,324"
<DIVIDEND-INCOME> "1,213,187"
<INTEREST-INCOME> "8,453,901"
<OTHER-INCOME> 0
<EXPENSES-NET> "(805,858)"
<NET-INVESTMENT-INCOME> "8,861,230"
<REALIZED-GAINS-CURRENT> "(1,212,378)"
<APPREC-INCREASE-CURRENT> "(9,622,552)"
<NET-CHANGE-FROM-OPS> "(1,973,700)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(482,968)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "686,134"
<NUMBER-OF-SHARES-REDEEMED> "(255,941)"
<SHARES-REINVESTED> "30,894"
<NET-CHANGE-IN-ASSETS> "95,834,038"
<ACCUMULATED-NII-PRIOR> "29,249"
<ACCUMULATED-GAINS-PRIOR> "548,291"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "708,615"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "1,333,096"
<AVERAGE-NET-ASSETS> "16,029,062"
<PER-SHARE-NAV-BEGIN> 10.070
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.370)
<PER-SHARE-DIVIDEND> (0.290)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.700
<EXPENSE-RATIO> 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000789281
<NAME> Federated Income Securities Trust
<SERIES>
<NUMBER> 011
<NAME> Federated Short-Term Income Fund - Institutional Shares
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-2000
<PERIOD-END> Oct-31-1999
<INVESTMENTS-AT-COST> "225,481,449"
<INVESTMENTS-AT-VALUE> "222,062,532"
<RECEIVABLES> "2,172,585"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "224,235,117"
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,128,794"
<TOTAL-LIABILITIES> "1,128,794"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "250,925,733"
<SHARES-COMMON-STOCK> "23,429,184"
<SHARES-COMMON-PRIOR> "21,783,596"
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(279,001)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(24,121,492)"
<ACCUM-APPREC-OR-DEPREC> "(3,418,917)"
<NET-ASSETS> "200,399,501"
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "7,420,468"
<OTHER-INCOME> 0
<EXPENSES-NET> "(666,652)"
<NET-INVESTMENT-INCOME> "6,753,816"
<REALIZED-GAINS-CURRENT> "(43,355)"
<APPREC-INCREASE-CURRENT> "(2,937,136)"
<NET-CHANGE-FROM-OPS> "3,773,325"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(5,944,006)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "5,699,065"
<NUMBER-OF-SHARES-REDEEMED> "(4,233,275)"
<SHARES-REINVESTED> "179,798"
<NET-CHANGE-IN-ASSETS> "9,550,426"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> "(379,061)"
<OVERDIST-NET-GAINS-PRIOR> "(24,078,137)"
<GROSS-ADVISORY-FEES> "451,185"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "986,583"
<AVERAGE-NET-ASSETS> "200,206,113"
<PER-SHARE-NAV-BEGIN> 8.670
<PER-SHARE-NII> 0.260
<PER-SHARE-GAIN-APPREC> (0.120)
<PER-SHARE-DIVIDEND> (0.260)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.550
<EXPENSE-RATIO> 0.56
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000789281
<NAME> Federated Income Securities Trust
<SERIES>
<NUMBER> 012
<NAME> Federated Short-Term Income Fund - Institutional Service Shares
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Apr-30-2000
<PERIOD-END> Oct-31-1999
<INVESTMENTS-AT-COST> "225,481,449"
<INVESTMENTS-AT-VALUE> "222,062,532"
<RECEIVABLES> "2,172,585"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "224,235,117"
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "1,128,794"
<TOTAL-LIABILITIES> "1,128,794"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "250,925,733"
<SHARES-COMMON-STOCK> "2,654,929"
<SHARES-COMMON-PRIOR> "2,859,980"
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(279,001)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(24,121,492)"
<ACCUM-APPREC-OR-DEPREC> "(3,418,917)"
<NET-ASSETS> "22,706,822"
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "7,420,468"
<OTHER-INCOME> 0
<EXPENSES-NET> "(666,652)"
<NET-INVESTMENT-INCOME> "6,753,816"
<REALIZED-GAINS-CURRENT> "(43,355)"
<APPREC-INCREASE-CURRENT> "(2,937,136)"
<NET-CHANGE-FROM-OPS> "3,773,325"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(709,750)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "589,581"
<NUMBER-OF-SHARES-REDEEMED> "(842,452)"
<SHARES-REINVESTED> "47,820"
<NET-CHANGE-IN-ASSETS> "9,550,426"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> "(379,061)"
<OVERDIST-NET-GAINS-PRIOR> "(24,078,137)"
<GROSS-ADVISORY-FEES> "451,185"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "986,583"
<AVERAGE-NET-ASSETS> "24,160,107"
<PER-SHARE-NAV-BEGIN> 8.670
<PER-SHARE-NII> 0.240
<PER-SHARE-GAIN-APPREC> (0.120)
<PER-SHARE-DIVIDEND> (0.240)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.550
<EXPENSE-RATIO> 0.81
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
Form NSAR
Exhibit 77 Q.1 (i)
Federated Income Securities Trust
Amendment #5
to the By-Laws
(effective February 23, 1998)
Delete Sections 1, 2 and 3 of Article I, OFFICERS AND THEIR ELECTION, and
replace with:
Section 1. Officers. The Officers of the Trust shall be a President, one or
more Vice Presidents, a Treasurer, and a Secretary. The Board of Trustees,
in its discretion, may also elect or appoint a Chairman of the Board of
Trustees (who must be a Trustee) and other Officers or agents, including
one or more Assistant Vice Presidents, one or more Assistant Secretaries,
and one or more Assistant Treasurers. A Vice President, the Secretary or
the Treasurer may appoint an Assistant Vice President, an Assistant Secretary
or an Assistant Treasurer, respectively, to serve until the next election
of Officers. Two or more offices may be held by a single person except the
offices of President and Vice President may not be held by the same person
concurrently. It shall not be necessary for any Trustee or any Officer to be
a holder of shares in any Series or Class of the Trust.
Section 2. Election of Officers. The Officers shall be elected annually by
the Trustees. Each Officer shall hold office for one year and until the
election and qualification of his successor, or until earlier resignation or
removal. The Chairman of the Board of Trustees, if there is one, shall be
elected annually by and from the Trustees, and serve until a successor is so
elected and qualified, or until earlier resignation or removal.
Section 3. Resignations and Removals and Vacancies. Any Officer of the
Trust may resign at any time by filing a written resignation with the Board
of Trustees (or Chairman of the Trustees, if there is one), with the
President, or with the Secretary. Any such resignation shall take effect at
the time specified therein or, if no time is specified, at the time of
receipt. Unless otherwise specified therein, the acceptance of such
resignation shall not be necessary to make it effective. Any Officer elected
by the Board of Trustees or whose appointment has been ratified by the Board
of Trustees may be removed with or without cause at any time by a majority
vote of all of the Trustees. Any other employee of the Trust may be removed
or dismissed at any time by the President. Any vacancy in any of the
offices, whether by resignation, removal or otherwise, may be filled for the
unexpired portion of the term by the President. A vacancy in the office of
Assistant Vice President may be filled by a Vice President; in the office of
Assistant Secretary by the Secretary; or in the office of Assistant Treasurer
by the Treasurer. Any appointment to fill any vacancy shall serve subject to
ratification by the Board of Trustees at its next regular meeting.
Form NSAR
Exhibit 77 Q.1 (ii)
Federated Income Securities Trust
Amendment #6
to the By-Laws
(effective February 27, 1998)
Delete Section 5 Proxies of Article IV Shareholders Meetings, and replace
with the following:
Section 5. Proxies. Any shareholder entitled to vote at any meeting of
shareholders may vote either in person, by telephone, by electronic means
including facsimile, or by proxy, but no proxy which is dated more than six
months before the meeting named therein shall be accepted unless otherwise
provided in the proxy. Every proxy shall be in writing, subscribed by the
shareholder or his duly authorized agent or be in such other form as may be
permitted by law, including documents conveyed by electronic transmission.
Every proxy shall be dated, but need not be sealed, witnessed or
acknowledged. The placing of a shareholder's name on a proxy or authorizing
another to act as the shareholders agent, pursuant to telephone or
electronically transmitted instructions obtained in accordance with procedures
reasonably designed to verify that such instructions have been authorized by
such shareholder, shall constitute execution of a proxy by or on behalf of
such shareholder. Where Shares are held of record by more than one person, any
co-owner or co-fiduciary may execute the proxy or give authority to an agent,
unless the Secretary of the Trust is notified in writing by any co-owner or
co-fiduciary that the joinder of more than one is to be required. All proxies
shall be filed with and verified by the Secretary or an Assistant Secretary of
the Trust, or the person acting as Secretary of the Meeting. Unless otherwise
specifically limited by their term, all proxies shall entitle the holders
thereof to vote at any adjournment of such meeting but shall not be valid
after the final adjournment of such meeting.
Form NSAR
Exhibit 77 Q.1 (iii)
Federated Income Securities Trust
Amendment #7
to the By-Laws
(effective May 12, 1998)
Strike Section 3 - Place of Meeting of Article IV - Shareholders Meetings
and replace it with the following:
Section 3. Place of Meeting. Meetings of the shareholders of the Trust or a
particular Series or Class shall be held at such place within or without The
Commonwealth of Massachusetts as may be fixed from time to time by
resolution of the Trustees.
Strike Section 6 - Place of Meeting of Article V - Trustees Meetings and
replace it with the following:
Section 6. Place of Meeting. Meetings of the Trustees shall be held at such
place within or without The Commonwealth of Massachusetts as fixed from time
to time by resolution of the Trustees, or as the person or persons requesting
said meeting to be called may designate, but any meeting may adjourn to any
other place.
Form NSAR
Exhibit 77C (i)
Federated Intermediate Income Fund
LAST MEETING OF SHAREHOLDERS
A Special Meeting of the Funds shareholders was held on November 15, 1999.
On September 16, 1999, the record date for the shareholders voting at the
meeting, there were 33,884,244 total outstanding shares. The following items
were considered by shareholders and the results were as follows:
Agenda Item 1
Elected Trustees(1):
Withheld
Authority
For to Vote
Thomas G. 27,556,802 21,444
Bigley
Nicholas P. 27,557,509 20,737
Constantakis
John F. 27,557,509 20,737
Cunningham
J. Christopher 27,555,510 22,736
Donahue
Charles F. 27,557,509 20,737
Mansfield
John E. 27,557,509 20,737
Murray, Jr.,
John S. 27,557,509 20,737
Walsh
(1) Trustee elections will become effective January 1, 2000.
Agenda Item 2
Made changes to the Funds fundamental investment policies:
(a) Amended the Funds fundamental investment policies regarding
diversification.
Abstentions
and Broker
For Against Non-Votes
24,821,584 537,302 2,219,360
(b) Amended the Funds fundamental investment policy regarding borrowing money
and issuing senior securities.
Abstentions
and Broker
For Against Non-Votes
24,688,748 663,298 2,226,200
(b) Amended the Funds fundamental investment policies regarding investments
in real estate.
Abstentions
and Broker
For Against Non-Votes
25,260,826 97,614 2,219,806
(d) Amended the Funds fundamental investment policies regarding investments in
commodities.
Abstentions
and Broker
For Against Non-Votes
25,089,747 264,489 2,224,010
(e) Amended the Funds fundamental investment policies regarding underwriting
securities.
Abstentions
and Broker
For Against Non-Votes
25,147,692 208,008 2,222,546
(f) Amended the Funds fundamental investment policies regarding lending by the
Fund.
Abstentions
and Broker
For Against Non-Votes
25,139,339 213,154 2,225,753
(g) Amended the Funds fundamental investment policies regarding
concentration of the Funds investments in the securities of
companies in the same industry.
Abstentions
and Broker
For Against Non-Votes
25,153,749 203,457 2,221,040
(h) Amended, and made non-fundamental, the Funds fundamental investment
policies regarding buying securities on margin.
Abstentions
and Broker
For Against Non-Votes
24,642,500 707,593 2,228,153
(h) Amended, and made non-fundamental, the Funds fundamental investment
policies regarding pledging assets.
Abstentions
and Broker
For Against Non-Votes
24,653,792 692,955 2,231,499
Agenda Item 3
Eliminated certain fundamental investment policies of the Fund:
(a) Removed the Funds fundamental investment policies regarding selling
securities short.
Abstentions
and Broker
For Against Non-Votes
24,638,192 720,939 2,219,115
4. Amended and restated the Trusts Declaration of Trust to permit the Board
of Trustees to liquidate assets of the Trust, its series or classes, and
distribute the proceeds of such assets to the holders of such shares
representing such interests, without seeking shareholder approval.
Abstentions
and Broker
For Against Non-Votes
24,595,095 752,082 2,231,069
Form NSAR
Exhibt 77C (ii)
Federated Short-Term Income Fund
LAST MEETING OF SHAREHOLDERS
A Special Meeting of the Funds shareholders was held on November 15, 1999.
On September 16, 1999, the record date for the shareholders voting at the
meeting, there were 26,047,922 total outstanding shares. The following
items were considered by shareholders and the results were as follows:
Agenda Item 1
Elected Trustees(1):
Withheld
Authority
For to Vote
Thomas G. 16,814,412 30,426
Bigley
Nicholas P. 16,814,412 30,426
Constantakis
John F. 16,814,145 30,693
Cunningham
J. Christopher 16,814,145 30,693
Donahue
Charles F. 16,814,145 30,693
Mansfield
John E. 16,814,412 30,426
Murray, Jr.,
John S. 16,814,412 30,426
Walsh
(1)Trustee Elections will become effective January 1, 2000
Agenda Item 2
Made changes to each Funds fundamental investment policies:
(a) Amended the Funds fundamental investment policies regarding
diversification.
Abstentions
and Broker
For Against Non-Votes
15,294,940 1,060,011 489,887
(b) Amended the Funds fundamental investment policy regarding borrowing
money and issuing senior securities.
Abstentions
and Broker
For Against Non-Votes
15,013,209 1,343,006 488,623
(c) Amended the Funds fundamental investment policies regarding investments
in real estate.
Abstentions
and Broker
For Against Non-Votes
15,502,723 854,839 487,276
(d) Amended the Funds fundamental investment policies regarding investments
in commodities.
Abstentions
and Broker
For Against Non-Votes
15,202,341 1,155,221 487,276
(e) Amended the Funds fundamental investment policies regarding underwriting
securities.
Abstentions
and Broker
For Against Non-Votes
16,096,507 256,349 491,982
(e) Amended the Funds fundamental investment policies regarding lending by
the Funds.
Abstentions
and Broker
For Against Non-Votes
15,808,724 546,739 489,375
(f) Amended the Funds fundamental investment policies regarding
concentration of the Funds investments in the securities
of companies in the same industry.
Abstentions
and Broker
For Against Non-Votes
16,096,395 259,394 489,049
(h) Amended,and made non-fundamental, the Funds fundamental investment
policies regarding buying securities on margin.
Abstentions
and Broker
For Against Non-Votes
14,973,580 1,382,316 488,942
(i) Amended, and made non-fundamental, the Funds fundamental investment
policies regarding pledging assets.
Abstentions
and Broker
For Against Non-Votes
14,979,506 1,373,930 491,402
(j) Made non-fundamental the Funds fundamental investment policy
regarding which states that the Fund will invest in a diversified
portfolio of short and medium- term high grade debt
securities.
Abstentions
and Broker
For Against Non-Votes
14,260,563 2,077,539 506,736
Agenda Item 3
Eliminated certain fundamental investment policies of the Fund:
(a) Removed the Funds fundamental investment policies regarding selling
securities short.
Abstentions
and Broker
For Against Non-Votes
14,380,310 1,963,341 501,187
(b) Removed the Funds fundamental investment policy regarding
investing in oil,gas,and minerals.
Abstentions
and Broker
For Against Non-Votes
14,401,216 1,941,183 502,439
(c) Removed the Funds fundamental investment policy regarding
on investing in securities of new issuers.
Abstentions
and Broker
For Against Non-Votes
14,402,913 1,937,787 504,138
(d) Removed the Funds fundamental investment policy regarding
on investing in issuers whose securities are owned by
officers and Trustees.
Abstentions
and Broker
For Against Non-Votes
14,343,203 1,997,479 504,156
(e) Removed the Funds fundamental investment policy regarding
on investing for the purpose of exercising control
or management.
Abstentions
and Broker
For Against Non-Votes
14,979,537 1,361,349 503,952
(f) Removed the Funds fundamental investment policy regarding
engaging in when-issued and delayed
delivery transactions.
Abstentions
and Broker
For Against Non-Votes
15,067,245 1,276,006 501,587
4. Amended and restated the Trusts Declaration of Trust to
permit the Board of Trustees to liquidate assets of the Trust,
its series or classes, and distribute the proceeds of such assets
to the holders of such shares representing such interests,
without seeking shareholder approval.
Abstentions
and Broker
For Against Non-Votes
14,713,699 1,631,237 499,902
