FEDERATED UTILITY FUND INC
NSAR-B, 1998-04-29
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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                                        
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           1,260,056,479                                  
<INVESTMENTS-AT-VALUE>          1,590,290,284                                  
<RECEIVABLES>                   26,494,408                                     
<ASSETS-OTHER>                  60,012                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,616,844,704                                  
<PAYABLE-FOR-SECURITIES>        30,627,743                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,456,633                                      
<TOTAL-LIABILITIES>             34,084,376                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,161,950,169                                  
<SHARES-COMMON-STOCK>           55,289,668                                     
<SHARES-COMMON-PRIOR>           51,683,549                                     
<ACCUMULATED-NII-CURRENT>       4,293,145                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         86,283,209                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        330,233,805                                    
<NET-ASSETS>                    778,059,339                                    
<DIVIDEND-INCOME>               57,992,228                                     
<INTEREST-INCOME>               5,257,066                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18,586,537                                     
<NET-INVESTMENT-INCOME>         44,662,757                                     
<REALIZED-GAINS-CURRENT>        232,780,131                                    
<APPREC-INCREASE-CURRENT>       34,989,912                                     
<NET-CHANGE-FROM-OPS>           312,423,800                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       21,703,957                                     
<DISTRIBUTIONS-OF-GAINS>        88,374,637                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         11,139,849                                     
<NUMBER-OF-SHARES-REDEEMED>     19,973,736                                     
<SHARES-REINVESTED>             6,883,799                                      
<NET-CHANGE-IN-ASSETS>          1,031,062                                      
<ACCUMULATED-NII-PRIOR>         4,431,915                                      
<ACCUMULATED-GAINS-PRIOR>       124,262,227                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           11,382,447                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 20,359,975                                     
<AVERAGE-NET-ASSETS>            1,523,300,849                                  
<PER-SHARE-NAV-BEGIN>           13.270                                         
<PER-SHARE-NII>                 0.420                                          
<PER-SHARE-GAIN-APPREC>         2.520                                          
<PER-SHARE-DIVIDEND>            0.410                                          
<PER-SHARE-DISTRIBUTIONS>       1.730                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             14.070                                         
<EXPENSE-RATIO>                 1.14                                           
<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                                        
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           1,260,056,479                                  
<INVESTMENTS-AT-VALUE>          1,590,290,284                                  
<RECEIVABLES>                   26,494,408                                     
<ASSETS-OTHER>                  60,012                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,616,844,704                                  
<PAYABLE-FOR-SECURITIES>        30,627,743                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,456,633                                      
<TOTAL-LIABILITIES>             34,084,376                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,161,950,169                                  
<SHARES-COMMON-STOCK>           8,632,979                                      
<SHARES-COMMON-PRIOR>           7,354,077                                      
<ACCUMULATED-NII-CURRENT>       4,293,145                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         86,283,209                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        330,233,805                                    
<NET-ASSETS>                    121,549,173                                    
<DIVIDEND-INCOME>               57,992,228                                     
<INTEREST-INCOME>               5,257,066                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18,586,537                                     
<NET-INVESTMENT-INCOME>         44,662,757                                     
<REALIZED-GAINS-CURRENT>        232,780,131                                    
<APPREC-INCREASE-CURRENT>       34,989,912                                     
<NET-CHANGE-FROM-OPS>           312,423,800                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,300,377                                      
<DISTRIBUTIONS-OF-GAINS>        12,860,900                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,894,637                                      
<NUMBER-OF-SHARES-REDEEMED>     1,845,279                                      
<SHARES-REINVESTED>             930,693                                        
<NET-CHANGE-IN-ASSETS>          1,031,062                                      
<ACCUMULATED-NII-PRIOR>         4,431,915                                      
<ACCUMULATED-GAINS-PRIOR>       124,262,227                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           11,382,447                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 20,359,975                                     
<AVERAGE-NET-ASSETS>            1,523,300,849                                  
<PER-SHARE-NAV-BEGIN>           13.280                                         
<PER-SHARE-NII>                 0.300                                          
<PER-SHARE-GAIN-APPREC>         2.530                                          
<PER-SHARE-DIVIDEND>            0.300                                          
<PER-SHARE-DISTRIBUTIONS>       1.730                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             14.080                                         
<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                                        
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           1,260,056,479                                  
<INVESTMENTS-AT-VALUE>          1,590,290,284                                  
<RECEIVABLES>                   26,494,408                                     
<ASSETS-OTHER>                  60,012                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,616,844,704                                  
<PAYABLE-FOR-SECURITIES>        30,627,743                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,456,633                                      
<TOTAL-LIABILITIES>             34,084,376                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,161,950,169                                  
<SHARES-COMMON-STOCK>           4,122,529                                      
<SHARES-COMMON-PRIOR>           3,819,405                                      
<ACCUMULATED-NII-CURRENT>       4,293,145                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         86,283,209                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        330,233,805                                    
<NET-ASSETS>                    58,010,243                                     
<DIVIDEND-INCOME>               57,992,228                                     
<INTEREST-INCOME>               5,257,066                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18,586,537                                     
<NET-INVESTMENT-INCOME>         44,662,757                                     
<REALIZED-GAINS-CURRENT>        232,780,131                                    
<APPREC-INCREASE-CURRENT>       34,989,912                                     
<NET-CHANGE-FROM-OPS>           312,423,800                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,194,406                                      
<DISTRIBUTIONS-OF-GAINS>        6,491,544                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         409,037                                        
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<SHARES-REINVESTED>             481,773                                        
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<GROSS-ADVISORY-FEES>           11,382,447                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 20,359,975                                     
<AVERAGE-NET-ASSETS>            1,523,300,849                                  
<PER-SHARE-NAV-BEGIN>           13.280                                         
<PER-SHARE-NII>                 0.310                                          
<PER-SHARE-GAIN-APPREC>         2.510                                          
<PER-SHARE-DIVIDEND>            0.300                                          
<PER-SHARE-DISTRIBUTIONS>       1.730                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             14.070                                         
<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                                        
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Feb-28-1998                                    
<PERIOD-END>                    Feb-28-1998                                    
<INVESTMENTS-AT-COST>           1,260,056,479                                  
<INVESTMENTS-AT-VALUE>          1,590,290,284                                  
<RECEIVABLES>                   26,494,408                                     
<ASSETS-OTHER>                  60,012                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  1,616,844,704                                  
<PAYABLE-FOR-SECURITIES>        30,627,743                                     
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       3,456,633                                      
<TOTAL-LIABILITIES>             34,084,376                                     
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        1,161,950,169                                  
<SHARES-COMMON-STOCK>           44,442,955                                     
<SHARES-COMMON-PRIOR>           43,275,127                                     
<ACCUMULATED-NII-CURRENT>       4,293,145                                      
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         86,283,209                                     
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        330,233,805                                    
<NET-ASSETS>                    625,141,573                                    
<DIVIDEND-INCOME>               57,992,228                                     
<INTEREST-INCOME>               5,257,066                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18,586,537                                     
<NET-INVESTMENT-INCOME>         44,662,757                                     
<REALIZED-GAINS-CURRENT>        232,780,131                                    
<APPREC-INCREASE-CURRENT>       34,989,912                                     
<NET-CHANGE-FROM-OPS>           312,423,800                                    
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       18,218,120                                     
<DISTRIBUTIONS-OF-GAINS>        72,181,134                                     
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,568,259                                      
<NUMBER-OF-SHARES-REDEEMED>     5,029,031                                      
<SHARES-REINVESTED>             12,056,394                                     
<NET-CHANGE-IN-ASSETS>          1,031,062                                      
<ACCUMULATED-NII-PRIOR>         4,431,915                                      
<ACCUMULATED-GAINS-PRIOR>       124,262,227                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           11,382,447                                     
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 20,359,975                                     
<AVERAGE-NET-ASSETS>            1,523,300,849                                  
<PER-SHARE-NAV-BEGIN>           13.270                                         
<PER-SHARE-NII>                 0.430                                          
<PER-SHARE-GAIN-APPREC>         2.510                                          
<PER-SHARE-DIVIDEND>            0.410                                          
<PER-SHARE-DISTRIBUTIONS>       1.730                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             14.070                                         
<EXPENSE-RATIO>                 1.12                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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