FEDERATED INCOME SECURITIES TRUST
485BPOS, EX-99.(O)(III), 2000-06-28
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POWER OF ATTORNEY

       Each person whose signature appears below hereby constitutes and appoints the Secretary and Assistant Secretaries of                FEDERATED INCOME SECURITIES TRUST           and each of them, their true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution for them and in their names, place and stead, in any and all capacities, to sign any and all documents to be filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940, by means of the Securities and Exchange Commission’s electronic disclosure system known as EDGAR; and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to sign and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as each of them might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.

SIGNATURES TITLE DATE
/s/  John F. Donahue   Chairman and Trustee   May 15, 2000  

  (Chief Executive Officer)    
John F. Donahue       

 
/s/  Glen R. Johnson  President  May 15, 2000 

       
Glen R. Johnson       

 
/s/  J. Christopher Donahue  Executive Vice President  May 15, 2000 

  and Trustee    
J. Christopher Donahue       

 
/s/  Richard J. Thomas  Treasurer  May 15, 2000 

  (Principal Financial and    
Richard J. Thomas  Accounting Officer)    

 
/s/  Thomas G. Bigley  Treasurer  May 15, 2000 

       
Thomas G. Bigley       

 
/s/  John T. Conroy, Jr  Trustee  May 15, 2000 

       
John T. Conroy, Jr       

 
/s/  Nicholas P. Constantakis  Trustee  May 15, 2000 

       
Nicholas P. Constantakis       

 
/s/  John F. Cunningham  Trustee  May 15, 2000 

       
John F. Cunningham       

 
/s/  Lawrence D. Ellis, M.D  Trustee  May 15, 2000 

       
Lawrence D. Ellis, M.D       

 
/s/  Peter F. Madden  Trustee  May 15, 2000 

       
Peter F. Madden       

 
/s/  Charles F. Mansfield, Jr  Trustee  May 15, 2000 

       
Charles F. Mansfield, Jr       

 
/s/  John F. Murray, Jr  Trustee  May 15, 2000 

       
John F. Murray, Jr       

 
/s/  Marjorie P. Smuts  Trustee  May 15, 2000 

       
Marjorie P. Smuts       

 
/s/  John S. Walsh  Trustee  May 15, 2000 

       
John S. Walsh       

Sworn to and subscribed before me this     15th    day of          May             , 2000

/s/  Janice L. Vandenberg 

 


Notarial Seal
Janice L. Vandenberg, Notary Public
Pittsburgh, Allegheny County
My Commission Expires July 4, 2002
 Member, Pennsylvania Association of Notaries


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