FEDERATED MUNICIPAL OPPORTUNITIES FUND INC
NSAR-A, 1999-04-28
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SIGNATURE   STEVE KEANE                                  
TITLE       GENERAL COUNSEL     
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 	6
<CIK>	0000807607
<NAME>      	"Federated Municipal Opportunities Fund, Inc. "
<SERIES>	
     <NUMBER>	001
     <NAME>	"Federated Municipal Opportunities Fund, Inc.-A Shares"
       	
<S>	<C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 	6
<CIK>	0000807607
<NAME>      	"Federated Municipal Opportunities Fund, Inc. "
<SERIES>	
     <NUMBER>	002
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<S>	<C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 	6
<CIK>	0000807607
<NAME>      	"Federated Municipal Opportunities Fund, Inc. "
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 	6
<CIK>	0000807607
<NAME>      	"Federated Municipal Opportunities Fund, Inc. "
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<PER-SHARE-NII>	0.280
<PER-SHARE-GAIN-APPREC>	(0.130)
<PER-SHARE-DIVIDEND>	(0.280)
<PER-SHARE-DISTRIBUTIONS>	0.000
<RETURNS-OF-CAPITAL>	0.000
<PER-SHARE-NAV-END>	10.910
<EXPENSE-RATIO>	1.06
<AVG-DEBT-OUTSTANDING>	0
<AVG-DEBT-PER-SHARE>	0.000
        	
	
	
	
	
	


</TABLE>


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