FEDERATED MUNICIPAL OPPORTUNITIES FUND INC
AW, 1996-07-31
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               FEDERATED MUNICIPAL OPPORTUNITIES FUND, INC.

                            Federated Investors
                         Federated Investors Tower
                    Pittsburgh, Pennsylvania 15222-3779

                              (412) 288-1900

                               July 31, 1996


Bruce McNeil
EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest
Washington, DC  20549

   RE: FEDERATED MUNICIPAL OPPORTUNITIES FUND, INC. (the ``Corporation'')
       1933 Act File No. 33-11410
       1940 Act File No. 811-4533

Dear Mr. McNeil:

     On behalf of the Corporation, I hereby submit this application for
withdrawal of Post-Effective Amendment No. 14 filed pursuant to Rule
485(b)on May 23, 1996, under the Securities Act of 1933 (the `Act'') to
the Corporation's Registration Statement on Form N-1A.

     The Amendment was erroneously filed to delay the effectiveness of
Post-Effective Amendment No. 13 filed on May 3, 1996, pursuant to Rule
485(b) of the Act.
     Pursuant to the requirements of Rule 477(a) of the Act, this
application for withdrawal of Post Effective Amendment 14 has been signed
by the Assistant Secretary of the Corporation this 31st day of July, 1996.

     This request was prepared pursuant to a conversation that took place
Friday, July 26, 1996 between Shukie Grossman and Patty Conner regarding
the above matter.  If you have any questions regarding this application for
withdrawal, please contact Patty Conner at (412-288-4863).


                                   Very truly yours,


                                   /s/ S. Elliott Cohan
                                   S. Elliott Cohan



cc:  S. Elliott Cohan, Federated Investors
     Patricia F. Conner, Federated Investors
     Cathy Ryan, Federated Investors




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