1933 Act File No. 33-13388
1940 Act File No. 811-5114
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 X
--
Pre-Effective Amendment No. ..........
- ---
Post-Effective Amendment No. 18 .......... X
--
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 X
Amendment No. 21 ......................... X
FEDERATED UTILITY FUND, INC.
(Exact Name of Registrant as Specified in Charter)
Federated Investors Tower, Pittsburgh, Pennsylvania 15222-3779
(Address of Principal Executive Offices)
(412) 288-1900
(Registrant's Telephone Number)
John W. McGonigle, Esquire,
Federated Investors Tower,
Pittsburgh, Pennsylvania 15222-3779
(Name and Address of Agent for Service)
It is proposed that this filing will become effective:
immediately upon filing pursuant to paragraph (b)
- - -
X on April 29, 1997 pursuant to paragraph (b)
60 days after filing pursuant to paragraph (a)
on pursuant to paragraph (a) of Rule 485.
-
If appropriate, check the following box:
X This post-effective amendment designates a new effective date for a
- - -
previously filed post-effective amendment.
Registrant has filed with the Securities and Exchange Commission a
declaration pursuant to Rule 24f-2 under the Investment Company Act of
1940, and:
X filed the Notice required by that Rule on or about April 15, 1997; or
- -
intends to file the Notice required by that Rule on or about; or
-
during the most recent fiscal year did not sell any securities
-
pursuant to Rule 24f-2 under the Investment Company Act of 1940, and,
pursuant to Rule 24f-2(b)(2), need not file the Notice.
Copies to:
Matthew G. Maloney, Esquire
Dickstein, Shapiro Morin & Oshinsky, L.L.P.
2101 L Street, N.W.
Washington, D.C. 20037
CROSS-REFERENCE SHEET
This Amendment to the Registration Statement of FEDERATED UTILITY FUND,
INC., consisting of four classes of shares: (1) Class A Shares; (2) Class B
Shares; (3) Class C Shares; and (4) Class F Shares is comprised of the
following:
PART A. INFORMATION REQUIRED IN A PROSPECTUS.
Prospectus Heading
Rule 404(c) Cross Reference)
Item 1. Cover Page...............(1-4) Cover Page.
Item 2. Synopsis.................(1-4) General Information; (1-4) Summary
of Fund Expenses.
Item 3. Condensed Financial
Information............(1-4) Financial Highlights
Item 4. General Description of
Registrant.............(1-4) Performance Information; (1-4)
General Information; (1-4) Investment
Information; (1-4) Investment Objective;
(1-4) Investment Policies; (1-4)
Investment Risks; (1-4) Investment
Limitations; (1-4) Performance
Information.
Item 5. Management of the Fund...(1-4) Fund Information; (1-4) Management
of the Fund; (4) Distribution of Class F
Shares; (1-4) Administration of the
Fund;
Item 6. Capital Stock and Other
Securities.............(1-4) Shareholder Information; (1-4)
Voting Rights; (1-4) Tax Information;
(1-4) Federal Income Tax; (1-4)
Pennsylvania Personal Property Taxes.
Item 7. Purchase of Securities Being
Offered................(1-4) Net Asset Value; (1-3) Investing
in Shares; (4) Investing in Class F
Shares; (1-4) Exchange Privileges.
Item 8. Redemption or Repurchase.(1-3) Redeeming Shares; (4) Redeeming
Class F Shares; (1-4) Through a
Financial Institution; (1-4) Redeeming
Shares By Telephone; (1-4) Redeeming
Shares By Mail; (1-4) Contingent
Deferred Sales Charge; (1-3) Elimination
of the Contingent Deferred Sales Charge;
(1-3) Systematic Withdrawal Program; (1-
4) Accounts With Low Balances.
Item 9. Pending Legal Proceedings None.
PART B. INFORMATION REQUIRED IN A STATEMENT OF ADDITIONAL INFORMATION.
Item 10. Cover Page...............(1-4) Cover Page.
Item 11. Table of Contents........(1-4) Table of Contents.
Item 12. General Information and
History................(1-4) General Information About the
Fund.
Item 13. Investment Objectives and
Policies...............(1-4) Investment Objectives and
Policies; (1-4) Investment Limitations.
Item 14. Management of the Fund...(1-4) Federated Utility Fund, Inc.
Management; (1-4) Directors'
Compensation.
Item 15. Control Persons and Principal
Holders of Securities..(1-4) Fund Ownership.
Item 16. Investment Advisory and Other
Services.................(1-4) Investment Advisory Services; (1-
4) Other Services.
Item 17. Brokerage Allocation.....(1-4) Brokerage Transactions.
Item 18. Capital Stock and Other
Securities.............Not applicable.
Item 19. Purchase, Redemption and
Pricing of Securities
Being Offered..........(1-4) Purchasing Shares; (1-4)
Determining Net Asset Value; (1-4)
Redeeming Shares; (1-4) Elimination of
the Contingent Deferred Sales Charge.
Item 20. Tax Status...............(1-4) Tax Status.
Item 21. Underwriters.............(1-4) Distribution Plan and Shareholder
Services Agreement.
Item 22. Calculation of Performance
Data...................(1-4) Total Return; (1-4) Yield; (1-4)
Performance Comparisons.
Item 23. Financial Statements.....(1-4) to be filed by amendment.
This amendment to the Registration Statement hereby incorporates by
reference, pursuant to Rule 411 under the Securities Act of 1933, Parts A
and B of Post-Effective Amendment No. 17 filed February 21, 1997 in their
entirety.
PART C. OTHER INFORMATION.
Item 24. Financial Statements and Exhibits:
(a) Financial Statements: to be filed by amendment.
(b) Exhibits:
(1) Copy of Amended and Restated Articles of Incorporation
of the Registrant (3.);
(i) Copy of Articles of Incorporation, as amended
(5.);
(2) Copy of By-Laws of the Registrant (1.);
(3) Not applicable;
(4) (i) .........Copies of Specimen Certificates for
Class A Shares, Class B Shares, Class C Shares and
Class F Shares of the Registrant; (12.)
(5) Conformed copy of Investment Advisory Contract of the
Registrant (5.);
(6) (i) Conformed Copy of Distributor's Contract of the
Registrant, through and including Exhibits A
and B; (9.)
(ii) Conformed Copy of Exhibit C to Distributor's
Contract of the Registrant adding Class B Shares
to the existing Distributor's Contract; (9.)
(iii)..........The Registrant incorporates the
conformed copy of the specimen Mutual Funds Sales
and Service ...Agreement; Mutual Funds Service
Agreement; and Plan Trustee/ Mutual Funds Service
Agreement .....from Item 24(b)(6) of the Cash Trust
Series II .....Registration Statement filed with the
Commission on July 24, 1995. (File Number 33-
38550 and 811-6269);
(iv) Conformed Copy of Exhibit D to Distributor's
contract of the Registrant; (12.)
(7) Not applicable;
(8) Conformed Copy of Custodian Contract of the
Registrant;(9.)
+ All exhibits have been filed electronically.
1. Response is incorporated by reference to Registrant's Initial
Registration Statement on Form N-2 filed April 16, 1987 (File Nos. 33-
13388 and 811-5114).
3. Response is incorporated by reference to Registrant's Pre-Effective
Amendment No. 1 on Form N-1A filed May 18, 1988 (File Nos. 33-13388
and 811-5114).
5. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 3 on Form N-1A filed February 21, 1990 (File Nos. 33-
13388 and 811-5114).
9. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 13 filed May 24, 1995 (File Nos. 33-13388 and 811-5114).
10. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 14 filed February 29, 1996 (File Nos. 33-13388 and 811-
5114).
12. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 17 filed February 21, 1997 (File Nos. 33-13388 and 811-
5114).
(9) (i) Conformed Copy of the Agreement for Fund
Accounting Services, Administrative Services,
Transfer Agency Services, Shareholder
Recordkeeping, and Custody Services Procurement of
the Registrant; (11.)
(ii) The Registrant hereby incorporates the
conformed copy of the Shareholder Services Sub-
Contract between National Pensions Alliance, LTD.
and Federated Shareholder Services from Item 24(b)
(9)(ii) of Federated GNMA Trust Registration
Statement on Form N-1A, filed with the Commission
on March 25, 1996. (File Nos. 2-75670 and 811-
3375);
(iii) The response and exhibits described in Item
24(b)(6) are hereby incorporated by reference;
(iv) Conformed Copy of Shareholder Services Agreement
of the Registrant; (9.)
(10) Not applicable;
(11) Not applicable;
(12) Not applicable;
(13) Not applicable;
(14) Not applicable;
(15) (i) Copy of Rule 12b-1 Plan of the Registrant, through
and including Exhibit A; (9.)
(ii) Copy of Exhibit B to the Rule 12b-1 Plan of the
Registrant adding Class B Shares to the existing
Rule 12b-1 Plan; (9.)
(iii) Copy of Exhibit C to the Rule 12b-1 Plan of
the Registrant; (12.)
(16) Copy of Schedule for Computation of Fund Performance
Data; (9.)
(17) The Registrant incorporates the copy of the
Registrant's Financial Data Schedules from the Form
NSAR filed with the Commission on April 26, 1996. (File
Number 33-13388 and 811-5114);
(18) The Registrant hereby incorporates the conformed copy
of the specimen Multiple Class Plan from Item 24(b)(18)
of the World Investment Series, Inc. Registration
Statement on Form N-1A, filed with the Commission on
January 26, 1996. (File Nos. 33-52149 and 811-07141);
(19) Conformed Copy of Power of Attorney;(12.)
Item 25. Persons Controlled by or Under Common Control with Registrant:
None
Item 26. Number of Holders of Securities:
Number of Record Holders
Title of Class as of April 4, 1997
Shares of capital stock
($0.001 per Share par value)
Class A Shares 65,356
Class B Shares 8,063
Class C Shares 4,211
Class F Shares 45,040
Item 27. Indemnification: (1)
+ All exhibits have been filed electronically.
1. Response is incorporated by reference to Registrant's Initial
Registration Statement on Form N-2 filed April 16, 1987 (File Nos. 33-
13388 and 811-5114).
9. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 13 filed May 24, 1995 (File Nos. 33-13388 and 811-5114).
11. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 16 filed April 25, 1996 (File Nos. 33-13388 and 811-
5114).
12. Response is incorporated by reference to Registrant's Post-Effective
Amendment No. 17 filed February 21, 1997 (File Nos. 33-13388 and 811-
5114).
Item 28. Business and Other Connections of Investment Adviser:
For a description of the other business of the investment adviser, see
the section entitled "Fund Information - Management of the Fund" in
Part A. The affiliations with the Registrant of five of the Officers
of the investment adviser are included in Part B of this Registration
Statement under "Federated Utility Fund, Inc. Management - Officers
and Directors."
The remaining Officers of the investment adviser are: William D.
Dawson, Henry A. Frantzen, J. Thomas Madden, Mark L. Mallon, Executive
Vice Presidents; Henry J. Gailliot, Senior Vice President-Economist;
Peter R. Anderson, Drew J. Collins, Jonathan C. Conley, Mark E.
Durbiano, J. Alan Minteer; Mary Jo Ochson, Sr. Vice Presidents; J.
Scott Albrecht, Joseph M. Balestrino, Randall S. Bauer, David F.
Belton, David A. Briggs, Kenneth J. Cody, Deborah A. Cunninghan,
Michael P. Donnelly, Linda A. Duessel, Kathleen M. Foody-Malus, Thomas
M. Franks, Edward C. Gonzales, Timothy E. Keefe, Stephen A. Keen, Mark
S. Kopinski, Jeff A. Kozemchak, Marian R. Marinack, Susan M. Nason,
Robert J. Ostrowski, Frederick L. Plautz, Jr., Charles A. Ritter,
James D. Roberge, Frank Semack, William F. Stotz, Sandra L. Weber;
Vice Presidents; Todd A. Abraham, Michael J. Donnelly, James E.
Grefenstette, Susan R. Hill, William R. Jamison, Aash Shah, Michael W.
Sirianni, Paige M. Wilhelm, Asst. Vice Presidents; Stephen A. Keen,
Secretary; Thomas R. Donahue, Treasurer; The business address of each
of the Officers of the investment adviser is Federated Investors
Tower, Pittsburgh, PA 15222-3779. These individuals are also officers
of a majority of the investment advisers to the Funds listed in Part B
of this Registration Statement.
Item 29. Principal Underwriters:
(a) 111 Corcoran Funds; Arrow Funds; Automated Government Money Trust;
BayFunds; Blanchard Funds; Blanchard Precious Metals Fund, Inc.; Cash Trust
Series II; Cash Trust Series, Inc.; DG Investor Series; Edward D. Jones &
Co. Daily Passport Cash Trust; Federated Adjustable Rate U.S. Government
Fund, Inc.; Federated American Leaders Fund, Inc.; Federated ARMs Fund;
Federated Equity Funds; Federated Equity Income Fund, Inc.; Federated Fund
for U.S. Government Securities, Inc.; Federated GNMA Trust; Federated
Government Income Securities, Inc.; Federated Government Trust; Federated
High Income Bond Fund, Inc.; Federated High Yield Trust; Federated Income
Securities Trust; Federated Income Trust; Federated Index Trust; Federated
Institutional Trust; Federated Insurance Series; Federated Investment
Portfolios; Federated Investment Trust; Federated Master Trust; Federated
Municipal Opportunities Fund, Inc.; Federated Municipal Securities Fund,
Inc.; Federated Municipal Trust; Federated Short-Term Municipal Trust;
Federated Short-Term U.S. Government Trust; Federated Stock and Bond Fund,
Inc.; Federated Stock Trust; Federated Tax-Free Trust; Federated Total
Return Series, Inc.; Federated U.S. Government Bond Fund; Federated U.S.
Government Securities Fund: 1-3 Years; Federated U.S. Government Securities
Fund: 2-5 Years; Federated U.S. Government Securities Fund: 5-10 Years;
Federated Utility Fund, Inc.; First Priority Funds; Fixed Income
Securities, Inc.; High Yield Cash Trust; Independence One Mutual Funds;
Intermediate Municipal Trust; International Series, Inc.; Investment Series
Funds, Inc.; Investment Series Trust; Liberty U.S. Government Money Market
Trust; Liquid Cash Trust; Managed Series Trust; Marshall Funds, Inc.; Money
Market Management, Inc.; Money Market Obligations Trust; Money Market
Trust; Municipal Securities Income Trust; Newpoint Funds; Peachtree Funds;
RIMCO Monument Funds; SouthTrust Vulcan Funds; Star Funds; Targeted
Duration Trust; Tax-Free Instruments Trust; The Biltmore Funds; The
Biltmore Municipal Funds; The Monitor Funds; The Planters Funds; The
Starburst Funds; The Starburst Funds II; The Virtus Funds; Tower Mutual
Funds; Trust for Financial Institutions; Trust for Government Cash
Reserves; Trust for Short-Term U.S. Government Securities; Trust for U.S.
Treasury Obligations; Vision Group of Funds, Inc.; Wesmark Funds; and World
Investment Series, Inc.
Federated Securities Corp. also acts as principal underwriter for the
following closed-end investment company: Liberty Term Trust, Inc.- 1999.
(b)
(1) (2) (3)
Name and Principal Positions and Offices Positions and Offices
Business Address With Underwriter With Registrant
Richard B. Fisher Director, Chairman, Chief President Federated
Investors Tower Executive Officer, Chiefand Director
Pittsburgh, PA 15222-3779 Operating Officer, Asst.
Secretary, and Asst.
Treasurer, Federated
Securities Corp.
Edward C. Gonzales Director, Executive ViceExecutive Vice
Federated Investors Tower President, Federated, President
Pittsburgh, PA 15222-3779 Securities Corp.
Thomas R. Donahue Director, Assistant Secretary,
Federated Investors Tower Assistant Treasurer
Pittsburgh, PA 15222-3779 Federated Securities Corp
John B. Fisher President-Institutional Sales, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James F. Getz President-Broker/Dealer, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark R. Gensheimer Executive Vice President of --
Federated Investors Tower Bank/Trust, Federated
Pittsburgh, PA 15222-3779 Securities Corp.
Mark W. Bloss Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard W. Boyd Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Theodore Fadool, Jr. Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Bryant R. Fisher Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Christopher T. Fives Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James S. Hamilton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James M. Heaton Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Keith Nixon Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Solon A. Person, IV Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Timothy C. Pillion Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Thomas E. Territ Senior Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John B. Bohnet Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Byron F. Bowman Vice President, Secretary, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jane E. Broeren-Lambesis Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Dale R. Browne Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mary J. Combs Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
R. Edmond Connell, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
R. Leonard Corton, Jr. Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Kevin J. Crenny Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Daniel T. Culbertson Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
G. Michael Cullen Vice President, --
Federated Investors Tower Federated Securites Corp.
Pittsburgh, PA 15222-3779
Laura M. Deger Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jill Ehrenfeld Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark D. Fisher Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Joseph D. Gibbons Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
John K. Goettlicher Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Craig S. Gonzales Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Gonzales Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
James E. Hickey Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
H. Joseph Kennedy Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Steven A. La Versa Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Mark J. Miehl Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard C. Mihm Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
J. Michael Miller Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael P. O'Brien Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert D. Oehlschlager Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Thomas A. Peters III Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Robert F. Phillips Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Eugene B. Reed Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Paul V. Riordan Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward L. Smith Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
David W. Spears Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jeffrey A. Stewart Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard Suder Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Jamie M. Teschner Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
William C. Tustin Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Paul A. Uhlman Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Miles J. Wallace Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Richard B. Watts Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward J. Wojnarowski Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Michael P. Wolff Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Edward R. Bozek Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Charlene H. Jennings Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
J. Timothy Radcliff Assistant Vice President, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Denis McAuley Treasurer, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
Leslie K. Platt Assistant Secretary, --
Federated Investors Tower Federated Securities Corp.
Pittsburgh, PA 15222-3779
(c) Not applicable.
Item 30. Location of Accounts and Records:
All accounts and records required to be maintained by Section 31(a) of the
Investment Company Act of 1940 and Rules 31a-1 through 31a-3 promugated
thereunder are maintained at one of the following locations:
Registrant Federated Investors Tower
Pittsburgh, PA 15222-3779
Federated Shareholder Services
Company P.O. Box 8600
("Transfer Agent and Dividend Boston, MA 02266-8600
Disbursing Agent")
Federated Services Company Federated Investors Tower
("Administrator") Pittsburgh, PA 15222-3779
Passport Research, Ltd. Federated Investors Tower
("Adviser") Pittsburgh, PA 15222-3779
State Street Bank and Trust Co. P.O. Box 8600
("Custodian") Boston, MA 02266-8604
Item 31. Management Services: Not applicable.
Item 32. Undertakings:
Registrant hereby undertakes to furnish each person to whom a
prospectus is delivered a copy of the Registrant's latest
annual report to shareholders, upon request and without charge.
Registrant hereby undertakes to comply with the provisions of
Section 16(c) of the 1940 Act with respect to the removal of
Directors and the calling of special shareholder meetings by
shareholders.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, FEDERATED UTILITY FUND,
INC., certifies that it meets all of the requirements for effectiveness of
this Amendment to its Registration Statement pursuant to Rule 485(b) under
the Securities Act of 1933 and has duly caused this Amendment to its
Registration Statement to be signed on its behalf by the undersigned,
thereto duly authorized, in the City of Pittsburgh and Commonwealth of
Pennsylvania, on the 18th day of April, 1997.
FEDERATED UTILITY FUND, INC.
BY: /s/S. Elliott Cohan
S. Elliott Cohan, Assistant Secretary
Attorney in Fact for John F. Donahue
April 18, 1997
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by the
following person in the capacity and on the date indicated:
NAME TITLE DATE
By:/s/S. Elliott Cohan
S. Elliott Cohan Attorney In Fact April 18, 1997
ASSISTANT SECRETARY For the Persons
Listed Below
NAME TITLE
John F. Donahue* Chairman and Director
(Chief Executive Officer)
Richard B. Fisher* President and Director
John W. Monigle* Executive Vice President
Secretary and Treasurer
(Principal Financial and
Accounting Officer)
Thomas J. Bigley* Director
John T. Conroy, Jr.* Director
William J. Copeland* Director
James E. Dowd* Director
Lawrence D. Ellis, M.D.* Director
Edward L. Flaherty, Jr.* Director
Peter E. Madden* Director
Gregor F. Meyer* Director
John E. Murray, Jr. Director
Wesley W. Posvar* Director
Marjorie P. Smuts* Director
* By Power of Attorney
<TABLE> <S> <C>
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<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Federated Utility Fund, Inc.
Class A Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Feb-28-1997
<PERIOD-END> Feb-28-1997
<INVESTMENTS-AT-COST> 1,282,324,624
<INVESTMENTS-AT-VALUE> 1,577,709,693
<RECEIVABLES> 32,338,749
<ASSETS-OTHER> 143,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,610,191,534
<PAYABLE-FOR-SECURITIES> 21,095,255
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,367,013
<TOTAL-LIABILITIES> 28,462,268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,037,886
<SHARES-COMMON-STOCK> 57,239,756
<SHARES-COMMON-PRIOR> 63,578,481
<ACCUMULATED-NII-CURRENT> 3,263,663
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,183,824
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295,243,893
<NET-ASSETS> 759,732,483
<DIVIDEND-INCOME> 62,836,807
<INTEREST-INCOME> 5,472,057
<OTHER-INCOME> 0
<EXPENSES-NET> 17,520,728
<NET-INVESTMENT-INCOME> 50,788,136
<REALIZED-GAINS-CURRENT> 78,584,029
<APPREC-INCREASE-CURRENT> 169,947,426
<NET-CHANGE-FROM-OPS> 299,319,591
<EQUALIZATION> (349,136)
<DISTRIBUTIONS-OF-INCOME> 30,916,720
<DISTRIBUTIONS-OF-GAINS> 43,588,717
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,938,897
<NUMBER-OF-SHARES-REDEEMED> 15,487,709
<SHARES-REINVESTED> 4,955,544
<NET-CHANGE-IN-ASSETS> 612,528,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,724,936
<OVERDISTRIB-NII-PRIOR> (54,265)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,761,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,413,943
<AVERAGE-NET-ASSETS> 1,395,371,521
<PER-SHARE-NAV-BEGIN> 12.790
<PER-SHARE-NII> 0.520
<PER-SHARE-GAIN-APPREC> 1.220
<PER-SHARE-DIVIDEND> 0.520
<PER-SHARE-DISTRIBUTIONS> 0.740
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.270
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 002
<NAME> Federated Utility Fund, Inc.
Class B Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Feb-28-1997
<PERIOD-END> Feb-28-1997
<INVESTMENTS-AT-COST> 1,282,324,624
<INVESTMENTS-AT-VALUE> 1,577,709,693
<RECEIVABLES> 32,338,749
<ASSETS-OTHER> 143,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,610,191,534
<PAYABLE-FOR-SECURITIES> 21,095,255
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,367,013
<TOTAL-LIABILITIES> 28,462,268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,037,886
<SHARES-COMMON-STOCK> 7,652,928
<SHARES-COMMON-PRIOR> 6,704,820
<ACCUMULATED-NII-CURRENT> 3,263,663
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,183,824
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295,243,893
<NET-ASSETS> 101,618,747
<DIVIDEND-INCOME> 62,836,807
<INTEREST-INCOME> 5,472,057
<OTHER-INCOME> 0
<EXPENSES-NET> 17,520,728
<NET-INVESTMENT-INCOME> 50,788,136
<REALIZED-GAINS-CURRENT> 78,584,029
<APPREC-INCREASE-CURRENT> 169,947,426
<NET-CHANGE-FROM-OPS> 299,319,591
<EQUALIZATION> (349,136)
<DISTRIBUTIONS-OF-INCOME> 2,917,172
<DISTRIBUTIONS-OF-GAINS> 5,277,792
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,075,501
<NUMBER-OF-SHARES-REDEEMED> 1,666,470
<SHARES-REINVESTED> 539,077
<NET-CHANGE-IN-ASSETS> 612,528,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,724,936
<OVERDISTRIB-NII-PRIOR> (54,265)
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<GROSS-ADVISORY-FEES> 10,761,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,413,943
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<PER-SHARE-NAV-BEGIN> 12.770
<PER-SHARE-NII> 0.440
<PER-SHARE-GAIN-APPREC> 1.210
<PER-SHARE-DIVIDEND> 0.400
<PER-SHARE-DISTRIBUTIONS> 0.740
<RETURNS-OF-CAPITAL> 0.000
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<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 003
<NAME> Federated Utility Fund, Inc.
Class C Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Feb-28-1997
<PERIOD-END> Feb-28-1997
<INVESTMENTS-AT-COST> 1,282,324,624
<INVESTMENTS-AT-VALUE> 1,577,709,693
<RECEIVABLES> 32,338,749
<ASSETS-OTHER> 143,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,610,191,534
<PAYABLE-FOR-SECURITIES> 21,095,255
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,367,013
<TOTAL-LIABILITIES> 28,462,268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,037,886
<SHARES-COMMON-STOCK> 4,383,183
<SHARES-COMMON-PRIOR> 5,234,071
<ACCUMULATED-NII-CURRENT> 3,263,663
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,183,824
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295,243,893
<NET-ASSETS> 58,195,788
<DIVIDEND-INCOME> 62,836,807
<INTEREST-INCOME> 5,472,057
<OTHER-INCOME> 0
<EXPENSES-NET> 17,520,728
<NET-INVESTMENT-INCOME> 50,788,136
<REALIZED-GAINS-CURRENT> 78,584,029
<APPREC-INCREASE-CURRENT> 169,947,426
<NET-CHANGE-FROM-OPS> 299,319,591
<EQUALIZATION> (349,136)
<DISTRIBUTIONS-OF-INCOME> 1,924,467
<DISTRIBUTIONS-OF-GAINS> 3,542,933
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 530,050
<NUMBER-OF-SHARES-REDEEMED> 1,739,743
<SHARES-REINVESTED> 358,805
<NET-CHANGE-IN-ASSETS> 612,528,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,724,936
<OVERDISTRIB-NII-PRIOR> (54,265)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,761,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,413,943
<AVERAGE-NET-ASSETS> 1,395,371,521
<PER-SHARE-NAV-BEGIN> 12.770
<PER-SHARE-NII> 0.420
<PER-SHARE-GAIN-APPREC> 1.230
<PER-SHARE-DIVIDEND> 0.400
<PER-SHARE-DISTRIBUTIONS> 0.740
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.280
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 004
<NAME> Federated Utility Fund, Inc.
Class F Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Feb-28-1997
<PERIOD-END> Feb-28-1997
<INVESTMENTS-AT-COST> 1,282,324,624
<INVESTMENTS-AT-VALUE> 1,577,709,693
<RECEIVABLES> 32,338,749
<ASSETS-OTHER> 143,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,610,191,534
<PAYABLE-FOR-SECURITIES> 21,095,255
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7,367,013
<TOTAL-LIABILITIES> 28,462,268
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,037,886
<SHARES-COMMON-STOCK> 49,902,059
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,263,663
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,183,824
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 295,243,893
<NET-ASSETS> 662,182,248
<DIVIDEND-INCOME> 62,836,807
<INTEREST-INCOME> 5,472,057
<OTHER-INCOME> 0
<EXPENSES-NET> 17,520,728
<NET-INVESTMENT-INCOME> 50,788,136
<REALIZED-GAINS-CURRENT> 78,584,029
<APPREC-INCREASE-CURRENT> 169,947,426
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<EQUALIZATION> (349,136)
<DISTRIBUTIONS-OF-INCOME> 19,257,898
<DISTRIBUTIONS-OF-GAINS> 18,303,689
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 61,636,184
<NUMBER-OF-SHARES-REDEEMED> 13,885,046
<SHARES-REINVESTED> 2,150,921
<NET-CHANGE-IN-ASSETS> 612,528,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 27,724,936
<OVERDISTRIB-NII-PRIOR> (54,265)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,761,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,413,943
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<PER-SHARE-NAV-BEGIN> 12.370
<PER-SHARE-NII> 0.430
<PER-SHARE-GAIN-APPREC> 1.190
<PER-SHARE-DIVIDEND> 0.360
<PER-SHARE-DISTRIBUTIONS> 0.360
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.270
<EXPENSE-RATIO> 1.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
