FEDERATED UTILITY FUND INC
NSAR-A, 1997-10-30
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SIGNATURE   S. ELLIOT COHAN                              
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Federated Utility Fund, Inc.                   
                                Class A Shares                                 
                                                                               
<PERIOD-TYPE>                   6-mos                                          
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           1,191,158,268                                  
<INVESTMENTS-AT-VALUE>          1,434,659,855                                  
<RECEIVABLES>                   22,587,136                                     
<ASSETS-OTHER>                  125,385                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,457,372,376                                  
<PAYABLE-FOR-SECURITIES>        7,355,196                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,800,079                                      
<TOTAL-LIABILITIES>             10,155,275                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,075,023,760                                  
<SHARES-COMMON-STOCK>           51,683,549                                     
<SHARES-COMMON-PRIOR>           57,239,756                                     
<ACCUMULATED-NII-CURRENT>       4,431,915                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         124,262,227                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        243,499,199                                    
<NET-ASSETS>                    704,793,530                                    
<DIVIDEND-INCOME>               30,258,368                                     
<INTEREST-INCOME>               1,755,551                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  9,254,619                                      
<NET-INVESTMENT-INCOME>         22,759,300                                     
<REALIZED-GAINS-CURRENT>        91,067,349                                     
<APPREC-INCREASE-CURRENT>       (51,744,694)                                   
<NET-CHANGE-FROM-OPS>           62,081,955                                     
<EQUALIZATION>                  (76,937)                                       
<DISTRIBUTIONS-OF-INCOME>       10,648,069                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,636,486                                      
<NUMBER-OF-SHARES-REDEEMED>     7,815,672                                      
<SHARES-REINVESTED>             622,979                                        
<NET-CHANGE-IN-ASSETS>          (134,512,165)                                  
<ACCUMULATED-NII-PRIOR>         3,263,663                                      
<ACCUMULATED-GAINS-PRIOR>       33,194,878                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,704,079                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 10,175,967                                     
<AVERAGE-NET-ASSETS>            1,509,778,027                                  
<PER-SHARE-NAV-BEGIN>           13.270                                         
<PER-SHARE-NII>                 0.210                                          
<PER-SHARE-GAIN-APPREC>         0.360                                          
<PER-SHARE-DIVIDEND>            0.200                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.640                                         
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           1,191,158,268                                  
<INVESTMENTS-AT-VALUE>          1,434,659,855                                  
<RECEIVABLES>                   22,587,136                                     
<ASSETS-OTHER>                  125,385                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,457,372,376                                  
<PAYABLE-FOR-SECURITIES>        7,355,196                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,800,079                                      
<TOTAL-LIABILITIES>             10,155,275                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,075,023,760                                  
<SHARES-COMMON-STOCK>           7,354,077                                      
<SHARES-COMMON-PRIOR>           7,652,928                                      
<ACCUMULATED-NII-CURRENT>       4,431,915                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         124,262,227                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        243,499,199                                    
<NET-ASSETS>                    100,334,953                                    
<DIVIDEND-INCOME>               30,258,368                                     
<INTEREST-INCOME>               1,755,551                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  9,254,619                                      
<NET-INVESTMENT-INCOME>         22,759,300                                     
<REALIZED-GAINS-CURRENT>        91,067,349                                     
<APPREC-INCREASE-CURRENT>       (51,744,694)                                   
<NET-CHANGE-FROM-OPS>           62,081,955                                     
<EQUALIZATION>                  (76,937)                                       
<DISTRIBUTIONS-OF-INCOME>       1,092,963                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         600,114                                        
<NUMBER-OF-SHARES-REDEEMED>     965,290                                        
<SHARES-REINVESTED>             66,325                                         
<NET-CHANGE-IN-ASSETS>          (134,512,165)                                  
<ACCUMULATED-NII-PRIOR>         3,263,663                                      
<ACCUMULATED-GAINS-PRIOR>       33,194,878                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,704,079                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 10,175,967                                     
<AVERAGE-NET-ASSETS>            1,509,778,027                                  
<PER-SHARE-NAV-BEGIN>           13.280                                         
<PER-SHARE-NII>                 0.160                                          
<PER-SHARE-GAIN-APPREC>         0.350                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.640                                         
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           1,191,158,268                                  
<INVESTMENTS-AT-VALUE>          1,434,659,855                                  
<RECEIVABLES>                   22,587,136                                     
<ASSETS-OTHER>                  125,385                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,457,372,376                                  
<PAYABLE-FOR-SECURITIES>        7,355,196                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,800,079                                      
<TOTAL-LIABILITIES>             10,155,275                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,075,023,760                                  
<SHARES-COMMON-STOCK>           3,819,405                                      
<SHARES-COMMON-PRIOR>           4,383,183                                      
<ACCUMULATED-NII-CURRENT>       4,431,915                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         124,262,227                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        243,499,199                                    
<NET-ASSETS>                    52,102,768                                     
<DIVIDEND-INCOME>               30,258,368                                     
<INTEREST-INCOME>               1,755,551                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  9,254,619                                      
<NET-INVESTMENT-INCOME>         22,759,300                                     
<REALIZED-GAINS-CURRENT>        91,067,349                                     
<APPREC-INCREASE-CURRENT>       (51,744,694)                                   
<NET-CHANGE-FROM-OPS>           62,081,955                                     
<EQUALIZATION>                  (76,937)                                       
<DISTRIBUTIONS-OF-INCOME>       591,437                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         224,864                                        
<NUMBER-OF-SHARES-REDEEMED>     824,684                                        
<SHARES-REINVESTED>             36,042                                         
<NET-CHANGE-IN-ASSETS>          (134,512,165)                                  
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<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,704,079                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 10,175,967                                     
<AVERAGE-NET-ASSETS>            1,509,778,027                                  
<PER-SHARE-NAV-BEGIN>           13.280                                         
<PER-SHARE-NII>                 0.170                                          
<PER-SHARE-GAIN-APPREC>         0.340                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.640                                         
<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>                   6-mos                                          
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           1,191,158,268                                  
<INVESTMENTS-AT-VALUE>          1,434,659,855                                  
<RECEIVABLES>                   22,587,136                                     
<ASSETS-OTHER>                  125,385                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,457,372,376                                  
<PAYABLE-FOR-SECURITIES>        7,355,196                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       2,800,079                                      
<TOTAL-LIABILITIES>             10,155,275                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,075,023,760                                  
<SHARES-COMMON-STOCK>           43,275,127                                     
<SHARES-COMMON-PRIOR>           49,902,059                                     
<ACCUMULATED-NII-CURRENT>       4,431,915                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         124,262,227                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        243,499,199                                    
<NET-ASSETS>                    589,985,850                                    
<DIVIDEND-INCOME>               30,258,368                                     
<INTEREST-INCOME>               1,755,551                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  9,254,619                                      
<NET-INVESTMENT-INCOME>         22,759,300                                     
<REALIZED-GAINS-CURRENT>        91,067,349                                     
<APPREC-INCREASE-CURRENT>       (51,744,694)                                   
<NET-CHANGE-FROM-OPS>           62,081,955                                     
<EQUALIZATION>                  (76,937)                                       
<DISTRIBUTIONS-OF-INCOME>       9,181,642                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         733,733                                        
<NUMBER-OF-SHARES-REDEEMED>     483,426                                        
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          (134,512,165)                                  
<ACCUMULATED-NII-PRIOR>         3,263,663                                      
<ACCUMULATED-GAINS-PRIOR>       33,194,878                                     
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           5,704,079                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 10,175,967                                     
<AVERAGE-NET-ASSETS>            1,509,778,027                                  
<PER-SHARE-NAV-BEGIN>           13.270                                         
<PER-SHARE-NII>                 0.220                                          
<PER-SHARE-GAIN-APPREC>         0.340                                          
<PER-SHARE-DIVIDEND>            0.200                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             13.630                                         
<EXPENSE-RATIO>                 1.12                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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