FEDERATED SHORT TERM U S GOVERNMENT TRUST
NSAR-B, 1995-03-01
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  10
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SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   1                                              
     <NAME>                     FEDERATED SHORT-TERM US GOVT TRUST             
                                                                               
                                                                               
<PERIOD-TYPE>                   12-MOS                                         
<FISCAL-YEAR-END>               Dec-31-1994                                    
<PERIOD-END>                    Dec-31-1994                                    
<INVESTMENTS-AT-COST>           978,419,202                                    
<INVESTMENTS-AT-VALUE>          978,419,202                                    
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<ASSETS-OTHER>                  90,455                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  981,234,902                                    
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
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<TOTAL-LIABILITIES>             4,128,938                                      
<SENIOR-EQUITY>                 0                                              
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<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
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<OTHER-INCOME>                  0                                              
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<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           39,173,285                                     
<EQUALIZATION>                  0                                              
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<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
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<EXPENSE-RATIO>                 45                                             
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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