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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE STEVE KEANE
TITLE GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812219
<NAME> Federated Utility Fund, Inc.
<SERIES>
<NUMBER> 010
<NAME> Federated Utility Fund, Inc. - Class A Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Feb-28-2000
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 1,337,311,065
<INVESTMENTS-AT-VALUE> 1,476,645,369
<RECEIVABLES> 10,503,910
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> 2,322,254
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,658,721
<TOTAL-LIABILITIES> 4,980,975
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<PAID-IN-CAPITAL-COMMON> 1,275,914,167
<SHARES-COMMON-STOCK> 61,397,212
<SHARES-COMMON-PRIOR> 60,929,697
<ACCUMULATED-NII-CURRENT> 8,120,863
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 58,798,970
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 749,582,142
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<INTEREST-INCOME> 1,433,549
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<EXPENSES-NET> (10,282,711)
<NET-INVESTMENT-INCOME> 22,099,355
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<APPREC-INCREASE-CURRENT> (7,208,253)
<NET-CHANGE-FROM-OPS> 76,816,495
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,954,419)
<DISTRIBUTIONS-OF-GAINS> (40,311,112)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,789,146
<NUMBER-OF-SHARES-REDEEMED> (4,850,045)
<SHARES-REINVESTED> 3,528,414
<NET-CHANGE-IN-ASSETS> (33,230,891)
<ACCUMULATED-NII-PRIOR> 7,023,056
<ACCUMULATED-GAINS-PRIOR> 77,200,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,832,992
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<PER-SHARE-NAV-BEGIN> 12.420
<PER-SHARE-NII> 0.190
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<PER-SHARE-NAV-END> 12.210
<EXPENSE-RATIO> 1.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812219
<NAME> Federated Utility Fund, Inc.
<SERIES>
<NUMBER> 012
<NAME> Federated Utility Fund, Inc. - Class B Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Feb-28-2000
<PERIOD-END> Aug-31-1999
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<INVESTMENTS-AT-VALUE> 1,476,645,369
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 148,668,934
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<EXPENSES-NET> (10,282,711)
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<REALIZED-GAINS-CURRENT> 61,925,393
<APPREC-INCREASE-CURRENT> (7,208,253)
<NET-CHANGE-FROM-OPS> 76,816,495
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,548,989)
<DISTRIBUTIONS-OF-GAINS> (7,724,974)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,614,720
<NUMBER-OF-SHARES-REDEEMED> (1,578,665)
<SHARES-REINVESTED> 633,245
<NET-CHANGE-IN-ASSETS> (33,230,891)
<ACCUMULATED-NII-PRIOR> 7,023,056
<ACCUMULATED-GAINS-PRIOR> 77,200,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,832,992
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,423,061
<AVERAGE-NET-ASSETS> 150,085,823
<PER-SHARE-NAV-BEGIN> 12.420
<PER-SHARE-NII> 0.140
<PER-SHARE-GAIN-APPREC> 0.470
<PER-SHARE-DIVIDEND> (0.130)
<PER-SHARE-DISTRIBUTIONS> (0.680)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.220
<EXPENSE-RATIO> 1.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812219
<NAME> Federated Utility Fund, Inc.
<SERIES>
<NUMBER> 013
<NAME> Federated Utility Fund, Inc. - Class C Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Feb-28-2000
<PERIOD-END> Aug-31-1999
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<ACCUMULATED-NET-GAINS> 58,798,970
<OVERDISTRIBUTION-GAINS> 0
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<ACCUMULATED-GAINS-PRIOR> 77,200,872
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<GROSS-ADVISORY-FEES> 5,832,992
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<RETURNS-OF-CAPITAL> 0.000
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<EXPENSE-RATIO> 1.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812219
<NAME> Federated Utility Fund, Inc.
<SERIES>
<NUMBER> 014
<NAME> Federated Utility Fund, Inc. - Class F Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Feb-28-2000
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 1,337,311,065
<INVESTMENTS-AT-VALUE> 1,476,645,369
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<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,487,149,279
<PAYABLE-FOR-SECURITIES> 2,322,254
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,658,721
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,275,914,167
<SHARES-COMMON-STOCK> 43,100,030
<SHARES-COMMON-PRIOR> 44,951,083
<ACCUMULATED-NII-CURRENT> 8,120,863
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 139,334,304
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<APPREC-INCREASE-CURRENT> (7,208,253)
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<DISTRIBUTIONS-OF-GAINS> (29,124,040)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,088,807
<NUMBER-OF-SHARES-REDEEMED> (5,269,320)
<SHARES-REINVESTED> 2,329,460
<NET-CHANGE-IN-ASSETS> (33,230,891)
<ACCUMULATED-NII-PRIOR> 7,023,056
<ACCUMULATED-GAINS-PRIOR> 77,200,872
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,832,992
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,423,061
<AVERAGE-NET-ASSETS> 559,446,386
<PER-SHARE-NAV-BEGIN> 12.410
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> 0.470
<PER-SHARE-DIVIDEND> (0.180)
<PER-SHARE-DISTRIBUTIONS> (0.680)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.210
<EXPENSE-RATIO> 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
Form N-SAR
Semi-Annual Report for Registered Investment Companies
Registrants Name:
Federated Utility Fund, Inc.
Date of Filing to which
Form SE Relates:
August 31, 1999
Type of Filing:
Form N-SAR
Paralegals Name:
Joseph W. Kulbacki
Paralegals Extension No.:
6659
PORTFOLIO/SERIES NAMES
1
N/A
2
3
4
5
6
7
8
9
10
FORM SE Notification Form
N-SAR Exhibit Index
(Exhibits to be attached will appear in bold-face type)
77.A.
Are there any exhibits?
Yes:
X
No:
77.B.
Accountants Report on Internal Control [Annual N-SARs only]
77.C.
Matters Submitted to a Vote of Securities Holders
77.D.
Policies with Respect to Security Investments
77.E.
Legal Proceedings
77.F.
Changes in Security for Debt
77.G.
Defaults and Arrears on Senior Securities
77.H.
Changes in Control of Registrant
77.I.
Terms of New or Amended Securities
77.J.
Revaluation of Assets or Restatement of Capital Share Account
77.K.
Changes in Registrants Certifying Accountant
77.L.
Changes in Accounting and Principles and Practices
77.M.
Mergers
77.N.
Actions Required to be Reported Pursuant to Rule 2a-7
77.O.
Transactions effected Pursuant to Rule 10f-3
77.P.
Information Required to be Filed Pursuant to Existing Exemptive Orders
[Arthur Anderson Report on Multiple Classes of Shares -- Annual N-SAR Only]
77.Q.
Exhibits
Item 14 -- Form N-SAR
PORTFOLIO/SERIES NAME:
N/A
PORTFOLIO/SERIES NUMBER:
REGISTRANTS NAME:
Federated Utility Fund, Inc.
Affiliated Broker/Dealer
14
A
Broker/Dealer Name (if any):
None
B
File Number:
8-
14
A
Broker/Dealer Name (if any):
B
File Number:
8-
14
A
Broker/Dealer Name (if any):
B
File Number:
8-
14
A
Broker/Dealer Name (if any):
B
File Number:
8-
14
A
Broker/Dealer Name (if any):
B
File Number:
8-
Item 77 -- Form N-SAR
PORTFOLIO/SERIES NAME:
N/A
PORTFOLIO/SERIES NUMBER:
REGISTRANTS NAME:
Federated Utility Fund, Inc.
Y or N
77.A
.
Is the Registrant filing any of the following attachments with
the current filing of Form N-SAR? (Answer for all Series as
a group)
Y
NOTE: If answer is Y, mark those items below being filed as
an attachment to this form or incorporated by reference.
Filed as
an
Attachment
?
(Y or N)
B.
Accountants Report on Internal Control [Annual N-SAR ONLY]
N
C.
Matters Submitted to a Vote of Securities Holders
Y
D.
Policies with Respect to Security Investments
N
E.
Legal Proceedings
N
F.
Changes in Security for Debt
N
G.
Defaults and Arrears on Senior Securities
N
H.
Changes in Control of Registrant
N
I.
Terms of New or Amended Securities
[Includes additions/deletions of classes to existing
portfolios]
N
J.
Revaluation of Assets or Restatement of Capital Share Account
N
K.
Changes in Registrants Certifying Accountant
N
L.
Changes in Accounting Principles and Practices
N
M.
Mergers
N
N.
Actions Required to be Reported Pursuant to Rule 2a-7
N
O.
Transactions effected Pursuant to Rule 10f-3
N
P.
Information Required to be Filed Pursuant to Existing Exemptive
Orders
[Includes Arthur Anderson Report on Multiple Classes of Shares-
- -ANNUAL N--SAR ONLY]
N
Q.1)
Exhibits
N
Q.2)
Any information called for by instructions to sub-item 77Q2
N
Q.3)
Any information called for by instructions to sub-item 77Q3
N
Form NSAR
Item 77C: Matters Submitted to Voteof Securities Holders
LAST MEETING OF SHAREHOLDER
A Special Meeting of the Funds shareholders was held on May 12, 1999. On
January 12, 1999, the record date for the shareholders voting at the meeting,
there were 122,490,358 total outstanding shares. The following items were
considered by shareholders and the results were as follows:
1. Elected Directors:
For Against Abstentions
Withheld
and Broker Authority to
Non-Votes Vote
Thomas G. 93,319,203 3,159,961
Bigley
John T. 93,334,149 3,145,015
Conroy, Jr.
Nicholas P. 93,376,549 3,102,615
Constantakis
John F. 93,401,334 3,077,830
Cunningham
J. Christopher 93,360,782 3,118,382
Donahue
Peter E. 93,414,379 3,064,785
Madden
Charles F. 93,370,227 3,108,937
Mansfield, Jr.
John E. 93,421,563 3,057,601
Murray, Jr.
John S. 93,411,475 3,067,689
Walsh
2. Ratified the selection of Ernst & Young LLP as the Funds Independent
auditors.
For Against Abstentions
and Broker
Non-Votes
92,362,430 511,836 3,604,897
3. Made changes to the Fund's fundament investment policies:
(a) Amended the Funds fundamental investment policy
regarding diversification of its investments
For Against Abstentions
and Broker
Non-Votes
67,691,859 2,150,459 26,636,846
(b) Approved making non-fundamental, and amending, the funds fundamental
investment policy regarding investing in restricted securities.
For Against Abstentions
and Broker
Non-Votes
66,757,789 2,798,884 26,922,491
(c) Approved making non-fundamental the Funds fundamental investment policy
prohibiting investment in securities to exercise control of an issuer.
For Against Abstentions
and Broker
Non-Votes
66,874,662 2,594,640 27,009,862
(d) Approved making non-fundamental, and amended, the Funds fundamental
investment policy to permit the Fund to invest in the securities of other
investment companies.
For Against Abstentions
and Broker
Non-Votes
67,157,228 2,480,848 26,841,088
(e) Approved a revision in the Funds fundamental investment policy regarding
borrowing to permit the purchase of securities while borrowings are
outstanding.
For Against Abstentions
and Broker
Non-Votes
65,812,082 3,734,165 26,932,917
(f) Approved changing from fundamental to a non-fundamental operating policy,
and amended the Funds fundamental investment policy on investing in securities
of foreign issuers.
For Against Abstentions
and Broker
Non-Votes
65,326,926 4,145,090 27,007,148
(k) Made non-fundamental the Funds fundamental investment policy relating to
investing in U.S. government securities.
For Against Abstentions
and Broker
Non-Votes
1,148,753,059 28,432,895 92,235,738
4. Eliminated certain of the Funds fundamental investment policies:
(a) Removed the Funds fundamental investment policy on investing in new
issuers.
For Against Abstentions
and Broker
Non-Votes
66,204,226 3,297,903 26,977,035
(b) Removed the Funds fundamental investment policy regarding investing in
oil, gas and minerals.
For Against Abstentions
and Broker
Non-Votes
66,823,008 2,817,706 26,838,450
(c) Removed the Funds fundamental investment policy on investing in issuers
whose securities are owned by Officers and Directors.
For Against Abstentions
and Broker
Non-Votes
65,222,281 4,257,628 26, 999,255
(d) Removed the Funds fundamental investment policy on investing in warrants
For Against Abstentions
and Broker
Non-Votes
65,973,224 3,268,924 27,237,016
5. Approved the addition of the authority to purchase options and to remove
the 5% limitation on investing in options.
For Against Abstentions
and Broker
Non-Votes
64,749,111 4,779,349 26,950,704
6. Approved amendments to the Funds Amended and Restated Articles of
Incorporation.
(a) Approved amendments to the Funds Amended and Restated Articles of
Incorporation requiring the approval by a 1940 Act majority of shareholders in
the event of the sale or conveyance of the assets of the Fund to another fund
or corporation.
For Against Abstentions
and Broker
Non-Votes
61,869,044 3,057,167 31,552,953
(b) Approved amendments to the Funds Amended and Restated Articles of
Incorporation to permit the Board of Directors to liquidate the assets of a
series or class without shareholder approval to the extent permitted under
Maryland law
For Against Abstentions
and Broker
Non-Votes
65,723,844 3,854,259 26,901,061
Current as of: 8/18/94
