FEDERATED EQUITY INCOME FUND INC
NSAR-A, EX-27, 2000-11-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000799704
<NAME>                            Federated Equity Income Fund, Inc.
<SERIES>
     <NUMBER>                     002
     <NAME>                       Federated Equity Income Fund, Inc. - Class B

<S>                               <C>
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Mar-31-2001
<PERIOD-END>                      Sep-30-2000
<INVESTMENTS-AT-COST>             2,563,656,141
<INVESTMENTS-AT-VALUE>            3,302,765,955
<RECEIVABLES>                     40,399,442
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              208,603
<TOTAL-ASSETS>                    3,343,374,000
<PAYABLE-FOR-SECURITIES>          32,246,877
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         4,710,737
<TOTAL-LIABILITIES>               36,957,614
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          2,490,611,939
<SHARES-COMMON-STOCK>             71,012,818
<SHARES-COMMON-PRIOR>             64,935,949
<ACCUMULATED-NII-CURRENT>         5,307,671
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           71,386,962
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          739,109,814
<NET-ASSETS>                      1,578,472,525
<DIVIDEND-INCOME>                 24,869,770
<INTEREST-INCOME>                 14,768,548
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (23,696,902)
<NET-INVESTMENT-INCOME>           15,941,416
<REALIZED-GAINS-CURRENT>          67,405,915
<APPREC-INCREASE-CURRENT>         (216,381,093)
<NET-CHANGE-FROM-OPS>             (133,033,762)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (2,848,471)
<DISTRIBUTIONS-OF-GAINS>          (24,380,954)
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           9,683,387
<NUMBER-OF-SHARES-REDEEMED>       (4,722,761)
<SHARES-REINVESTED>               1,116,243
<NET-CHANGE-IN-ASSETS>            184,408,247
<ACCUMULATED-NII-PRIOR>           292,006
<ACCUMULATED-GAINS-PRIOR>         54,378,389
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             9,454,360
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   23,814,382
<AVERAGE-NET-ASSETS>              1,514,791,540
<PER-SHARE-NAV-BEGIN>             23.680
<PER-SHARE-NII>                   0.080
<PER-SHARE-GAIN-APPREC>           (1.130)
<PER-SHARE-DIVIDEND>              (0.040)
<PER-SHARE-DISTRIBUTIONS>         (0.360)
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               22.230
<EXPENSE-RATIO>                   1.82
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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