FEDERATED INDEX TRUST
NSAR-B, 1994-12-30
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<PAGE>      PAGE  1
000 B000000 10/31/94
000 C000000 0000861469
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FEDERATED INDEX TRUST
001 B000000 811-6061
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 MAX-CAP FUND
007 C030100 N
007 C010200  2
007 C020200 MID-CAP FUND
007 C030200 N
007 C010300  3
007 C020300 MINI-CAP FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FEDERATED MANAGEMENT
008 B00AA01 A
008 C00AA01 801-34610
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15222
008 D04AA01 3779
008 A00AA02 ANB INVESTMENT MANAGEMENT AND TRUST CO.
008 B00AA02 S
008 C00AA02 801-33358
008 D01AA02 CHICAGO
008 D02AA02 IL
<PAGE>      PAGE  2
008 D03AA02 60690
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
015 A00AA01 SECURITY PACIFIC NATIONAL TRUST CO.
015 B00AA01 S
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10006
015 E01AA01 X
015 A00AA02 BANKERS TRUST CO.
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 BANK OF NEW YORK
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10006
015 E01AA03 X
015 A00AA04 CHEMICAL BANK & TRUST CO.
015 B00AA04 S
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10006
015 E01AA04 X
015 A00AA05 MORGAN GUARANTY BANK & TRUST CO.
015 B00AA05 S
015 C01AA05 NEW YORK
015 C02AA05 NY
015 C03AA05 10015
<PAGE>      PAGE  3
015 E01AA05 X
015 A00AA06 NATIONSBANK OF NORTH CAROLINA
015 B00AA06 S
015 C01AA06 CHARLOTTE
015 C02AA06 NC
015 C03AA06 28255
015 E01AA06 X
015 A00AA07 NATIONSBANC CAPITAL MARKETS, INC.
015 B00AA07 S
015 C01AA07 RICHMOND
015 C02AA07 VA
015 C03AA07 23261
015 E01AA07 X
015 A00AA08 STATE STREET BANK AND TRUST COMPANY
015 B00AA08 C
015 C01AA08 BOSTON
015 C02AA08 MA
015 C03AA08 02266
015 C04AA08 8602
015 E01AA08 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 SALOMON BROTHERS, INC.
020 B000001 13-3082694
020 C000001    187
020 A000002 STANDARD AND POORS
020 C000002     11
020 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH
020 B000003 13-5674085
020 C000003     10
020 A000004 CANTOR, FITZGERALD SECURITIES CORP.
020 B000004 13-2698893
020 C000004      5
020 A000005 NEUBERGER & BERMAM
020 C000005      1
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006      1
020 A000007 INSTINET, INC.
020 B000007 13-3443395
020 C000007      0
020 A000008 ADLER COLEMAN
020 B000008 13-3241294
020 C000008      0
020 A000009 GOLDMAN SACHS
020 B000009 13-5108880
020 C000009      0
020 A000010 ERNST & CO.
020 B000010 13-5057900
020 C000010      0
<PAGE>      PAGE  4
021  000000      219
022 A000001 J.P. MORGAN SECURITIES, INC.
022 B000001 13-3224016
022 C000001  21451260
022 D000001        36
022 A000002 BZW SECURITIES, INC.
022 B000002 13-3297824
022 C000002     14646
022 D000002         0
022 A000003 SALOMON BROTHERS, INC.
022 B000003 13-3082694
022 C000003      6844
022 D000003      2708
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004      4620
022 D000004       337
022 A000005 SMITH BARNEY, INC.
022 B000005 13-2518466
022 C000005      4592
022 D000005        54
022 A000006 CANTOR, FITZGERALD SECURITIES CORP.
022 B000006 13-2698893
022 C000006      1512
022 D000006       407
022 A000007 MERRILL LYNCH, PIERCE, FENNER, & SMITH
022 B000007 13-5674085
022 C000007       148
022 D000007       498
022 A000008 STANDARD & POORS SECURITIES, INC.
022 B000008 13-2671951
022 C000008         0
022 D000008       425
022 A000009 JEFFRIES CO.
022 B000009 95-2622900
022 C000009        27
022 D000009       174
022 A000010 DEAN WITTER REYNOLDS, INC.
022 B000010 94-1671384
022 C000010       182
022 D000010         0
023 C000000   21484116
023 D000000       4646
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE>      PAGE  5
026 H000000 Y
027  000000 Y
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030 B00AA00  0.00
030 C00AA00  0.00
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031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00    25000
062 A00AA00 N
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062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
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<PAGE>      PAGE  6
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 Y
066 B00AA00 N
066 C00AA00 N
066 D00AA00 N
066 E00AA00 N
066 F00AA00 N
066 G00AA00 Y
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 Y
077 A000000 Y
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00   115000
081 A00AA00 Y
081 B00AA00  90
082 A00AA00 N
082 B00AA00        0
<PAGE>      PAGE  7
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
024  000100 Y
025 A000101 MERRILL LYNCH & CO.
025 C000101 E
025 D000101     798
025 A000102 SALOMON, INC.
025 C000102 E
025 D000102     455
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025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
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028 A020100         0
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028 B020100      1041
028 B030100         0
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028 C020100         0
028 C030100         0
028 C040100      9927
028 D010100     13983
028 D020100         0
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028 E010100     10804
028 E020100       967
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028 G010100     87548
028 G020100      2010
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028 G040100     83188
028 H000100         0
037  000100 N
038  000100      0
039  000100 N
<PAGE>      PAGE  8
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      6
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.300
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
<PAGE>      PAGE  9
070 G020100 Y
070 H010100 Y
070 H020100 Y
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     15496
071 B000100      7503
071 C000100    354502
071 D000100    2
072 A000100 12
072 B000100     2932
072 C000100     9997
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072 E000100        0
072 F000100     1288
072 G000100        0
072 H000100        0
072 I000100       43
072 J000100      154
072 K000100        0
072 L000100       44
072 M000100        6
072 N000100       42
072 O000100       10
072 P000100        0
072 Q000100        0
072 R000100       22
072 S000100       15
072 T000100       26
072 U000100        0
072 V000100        0
072 W000100       17
072 X000100     1667
<PAGE>      PAGE  10
072 Y000100      300
072 Z000100    11562
072AA000100     4347
072BB000100     3192
072CC010100     3003
072CC020100        0
072DD010100    10781
072DD020100      115
072EE000100    11617
073 A010100   0.3000
073 A020100   0.2700
073 B000100   0.3400
073 C000100   0.0000
074 A000100       48
074 B000100    80875
074 C000100     4483
074 D000100        0
074 E000100        0
074 F000100   367163
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100     1219
074 M000100        1
074 N000100   453789
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1356
074 S000100        0
074 T000100   452433
074 U010100    36931
074 U020100      717
074 V010100    12.02
074 V020100    12.02
074 W000100   0.0000
074 X000100     1655
074 Y000100        0
075 A000100        0
075 B000100   428587
076  000100     0.00
024  000200 Y
025 A000201 BEAR STEARNS
025 C000201 E
025 D000201     162
025 A000202 EDWARDS (A.G.), INC.
<PAGE>      PAGE  11
025 C000202 E
025 D000202      93
025 A000203 MORGAN STANLEY GROUP
025 C000203 E
025 D000203     414
025 A000204 SCHWAB (CHARLES) CORP.
025 C000204 E
025 D000204     175
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200      5147
028 A020200         0
028 A030200         0
028 A040200       476
028 B010200      5339
028 B020200        40
028 B030200         0
028 B040200       467
028 C010200      1599
028 C020200         0
028 C030200         0
028 C040200       843
028 D010200      2486
028 D020200         0
028 D030200         0
028 D040200      1538
028 E010200      1187
028 E020200        53
028 E030200         0
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028 F010200      5326
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028 F030200         0
028 F040200       553
028 G010200     21084
028 G020200        93
028 G030200         0
028 G040200      4836
028 H000200         0
037  000200 N
038  000200      0
039  000200 N
040  000200 N
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
<PAGE>      PAGE  12
042 G000200   0
042 H000200   0
043  000200      0
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.400
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 Y
070 C010200 N
070 C020200 N
070 D010200 Y
070 D020200 Y
070 E010200 N
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 Y
070 H010200 Y
070 H020200 Y
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
<PAGE>      PAGE  13
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 Y
070 P010200 Y
070 P020200 Y
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     31801
071 B000200      7269
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071 D000200   30
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072 H000200        0
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072 M000200        2
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072DD020200        0
<PAGE>      PAGE  14
072EE000200      890
073 A010200   0.1900
073 A020200   0.0000
073 B000200   0.5000
073 C000200   0.0000
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074 D000200        0
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024  000300 Y
025 A000301 ALEX BROWN
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025 D000301      86
025 A000302 BHC FINANCIAL
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025 A000303 JEFFRIES GROUP
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025 D000303      30
025 A000304 LEGG MASON
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<PAGE>      PAGE  15
025 A000305 MCDONALD & CO.
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025 A000306 MORGAN KEEGAN
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025 A000307 PIPER JAFFAY CO.
025 C000307 E
025 D000307      20
025 A000308 QUICK & REILLY GROUP
025 C000308 E
025 D000308      35
025 A000309 RAYMOND JAMES FINANCIAL
025 C000309 E
025 D000309      37
025 A000310 WATERHOUSE INVESTOR SERVICES
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<PAGE>      PAGE  16
028 G040300     26219
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037  000300 N
038  000300      0
039  000300 N
040  000300 N
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042 C000300   0
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042 E000300   0
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070 A010300 Y
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070 C020300 N
070 D010300 Y
070 D020300 Y
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<PAGE>      PAGE  17
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 Y
070 H010300 Y
070 H020300 Y
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
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070 N020300 Y
070 O010300 Y
070 O020300 Y
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070 P020300 Y
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070 Q020300 N
070 R010300 N
070 R020300 N
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<PAGE>      PAGE  18
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074 V010300    11.65
074 V020300     0.00
074 W000300   0.0000
074 X000300      915
074 Y000300        0
075 A000300        0
075 B000300    87659
076  000300     0.00
<PAGE>      PAGE  19
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

       
<S>                                           <C>

<ARTICLE>                                     6
<SERIES>
   <NUMBER>                                   1
   <NAME>                        FEDERATED MID-CAP FUND
<PERIOD-TYPE>                                 12-MOS
<FISCAL-YEAR-END>                             OCT-31-1994
<PERIOD-END>                                  OCT-31-1994
<INVESTMENTS-AT-COST>                         49,483,577
<INVESTMENTS-AT-VALUE>                        49,276,041
<RECEIVABLES>                                 202,519
<ASSETS-OTHER>                                83,889
<OTHER-ITEMS-ASSETS>                          0
<TOTAL-ASSETS>                                49,562,449
<PAYABLE-FOR-SECURITIES>                      5,474,823
<SENIOR-LONG-TERM-DEBT>                       0
<OTHER-ITEMS-LIABILITIES>                     76,040
<TOTAL-LIABILITIES>                           5,550,863
<SENIOR-EQUITY>                               0
<PAID-IN-CAPITAL-COMMON>                      43,390,634
<SHARES-COMMON-STOCK>                         3,992,004
<SHARES-COMMON-PRIOR>                         1,399,261
<ACCUMULATED-NII-CURRENT>                     53,425
<OVERDISTRIBUTION-NII>                        0
<ACCUMULATED-NET-GAINS>                       766,683
<OVERDISTRIBUTION-GAINS>                      0
<ACCUM-APPREC-OR-DEPREC>                      (199,156)
<NET-ASSETS>                                  44,011,586
<DIVIDEND-INCOME>                             514,539
<INTEREST-INCOME>                             168,491
<OTHER-INCOME>                                0
<EXPENSES-NET>                                153,999
<NET-INVESTMENT-INCOME>                       529,031
<REALIZED-GAINS-CURRENT>                      804,342
<APPREC-INCREASE-CURRENT>                     (248,356)
<NET-CHANGE-FROM-OPS>                         1,085,017
<EQUALIZATION>                                0
<DISTRIBUTIONS-OF-INCOME>                     488,588
<DISTRIBUTIONS-OF-GAINS>                      890,225
<DISTRIBUTIONS-OTHER>                         0
<NUMBER-OF-SHARES-SOLD>                       3,384,065
<NUMBER-OF-SHARES-REDEEMED>                   839,960
<SHARES-REINVESTED>                           48,638
<NET-CHANGE-IN-ASSETS>                        27,820,043
<ACCUMULATED-NII-PRIOR>                       12,982
<ACCUMULATED-GAINS-PRIOR>                     852,566
<OVERDISTRIB-NII-PRIOR>                       0
<OVERDIST-NET-GAINS-PRIOR>                    0
<GROSS-ADVISORY-FEES>                         115,033
<INTEREST-EXPENSE>                            0
<GROSS-EXPENSE>                               323,335
<AVERAGE-NET-ASSETS>                          28,758,214
<PER-SHARE-NAV-BEGIN>                         11.570
<PER-SHARE-NII>                               .210
<PER-SHARE-GAIN-APPREC>                       (.070)
<PER-SHARE-DIVIDEND>                          .190
<PER-SHARE-DISTRIBUTIONS>                     .500
<RETURNS-OF-CAPITAL>                          0
<PER-SHARE-NAV-END>                           11.02
<EXPENSE-RATIO>                               54
<AVG-DEBT-OUTSTANDING>                        0
<AVG-DEBT-PER-SHARE>                          .000
        



</TABLE>

<TABLE> <S> <C>

       
<S>                                          <C>

<ARTICLE>                                    6
<SERIES>
   <NUMBER>                                  2
   <NAME>                       FEDERATED MINI-CAP FUND
<PERIOD-TYPE>                                12-MOS
<FISCAL-YEAR-END>                            OCT-31-1994
<PERIOD-END>                                 OCT-31-1994
<INVESTMENTS-AT-COST>                        95,900,953
<INVESTMENTS-AT-VALUE>                       97,687,998
<RECEIVABLES>                                385,045
<ASSETS-OTHER>                               526,718
<OTHER-ITEMS-ASSETS>                         0
<TOTAL-ASSETS>                               98,599,761
<PAYABLE-FOR-SECURITIES>                     0
<SENIOR-LONG-TERM-DEBT>                      0
<OTHER-ITEMS-LIABILITIES>                    158,995
<TOTAL-LIABILITIES>                          158,995
<SENIOR-EQUITY>                              0
<PAID-IN-CAPITAL-COMMON>                     96,050,725
<SHARES-COMMON-STOCK>                        8,451,596
<SHARES-COMMON-PRIOR>                        6,012,200
<ACCUMULATED-NII-CURRENT>                    50,804
<OVERDISTRIBUTION-NII>                       0
<ACCUMULATED-NET-GAINS>                      491,092
<OVERDISTRIBUTION-GAINS>                     0
<ACCUM-APPREC-OR-DEPREC>                     1,848,145
<NET-ASSETS>                                 98,440,766
<DIVIDEND-INCOME>                            1,102,548
<INTEREST-INCOME>                            399,278
<OTHER-INCOME>                               0
<EXPENSES-NET>                               639,041
<NET-INVESTMENT-INCOME>                      862,785
<REALIZED-GAINS-CURRENT>                     687,062
<APPREC-INCREASE-CURRENT>                    (2,252,508)
<NET-CHANGE-FROM-OPS>                        (702,661)
<EQUALIZATION>                               0
<DISTRIBUTIONS-OF-INCOME>                    841,410
<DISTRIBUTIONS-OF-GAINS>                     5,087,293
<DISTRIBUTIONS-OTHER>                        0
<NUMBER-OF-SHARES-SOLD>                      6,201,460
<NUMBER-OF-SHARES-REDEEMED>                  3,900,247
<SHARES-REINVESTED>                          138,183
<NET-CHANGE-IN-ASSETS>                       22,301,801
<ACCUMULATED-NII-PRIOR>                      29,429
<ACCUMULATED-GAINS-PRIOR>                    4,891,323
<OVERDISTRIB-NII-PRIOR>                      0
<OVERDIST-NET-GAINS-PRIOR>                   0
<GROSS-ADVISORY-FEES>                        439,054
<INTEREST-EXPENSE>                           0
<GROSS-EXPENSE>                              735,062
<AVERAGE-NET-ASSETS>                         87,659,486
<PER-SHARE-NAV-BEGIN>                        12.660
<PER-SHARE-NII>                              0.110
<PER-SHARE-GAIN-APPREC>                      (0.230)
<PER-SHARE-DIVIDEND>                         0.110
<PER-SHARE-DISTRIBUTIONS>                    0.780
<RETURNS-OF-CAPITAL>                         .000
<PER-SHARE-NAV-END>                          11.650
<EXPENSE-RATIO>                              73
<AVG-DEBT-OUTSTANDING>                       0
<AVG-DEBT-PER-SHARE>                         .000
        



</TABLE>

<TABLE> <S> <C>

       
<S>                                           <C>

<ARTICLE>                                     6
<SERIES>
   <NUMBER>                                   4
   <NAME>        FEDERATED MAX-CAP FUND-INST SER SHARES
<PERIOD-TYPE>                                 12-MOS
<FISCAL-YEAR-END>                             OCT-31-1994
<PERIOD-END>                                  OCT-31-1994
<INVESTMENTS-AT-COST>                         420,285,822
<INVESTMENTS-AT-VALUE>                        452,520,879
<RECEIVABLES>                                 1,218,995
<ASSETS-OTHER>                                48,766
<OTHER-ITEMS-ASSETS>                          0
<TOTAL-ASSETS>                                453,788,640
<PAYABLE-FOR-SECURITIES>                      0
<SENIOR-LONG-TERM-DEBT>                       0
<OTHER-ITEMS-LIABILITIES>                     1,356,283
<TOTAL-LIABILITIES>                           1,356,283
<SENIOR-EQUITY>                               0
<PAID-IN-CAPITAL-COMMON>                      418,267,944
<SHARES-COMMON-STOCK>                         716,899
<SHARES-COMMON-PRIOR>                         0
<ACCUMULATED-NII-CURRENT>                     961,205
<OVERDISTRIBUTION-NII>                        0
<ACCUMULATED-NET-GAINS>                       352,786
<OVERDISTRIBUTION-GAINS>                      0
<ACCUM-APPREC-OR-DEPREC>                      0
<NET-ASSETS>                                  8,617,253
<DIVIDEND-INCOME>                             9,996,788
<INTEREST-INCOME>                             2,932,435
<OTHER-INCOME>                                0
<EXPENSES-NET>                                1,366,918
<NET-INVESTMENT-INCOME>                       11,562,305
<REALIZED-GAINS-CURRENT>                      1,155,375
<APPREC-INCREASE-CURRENT>                     3,003,321
<NET-CHANGE-FROM-OPS>                         15,721,001
<EQUALIZATION>                                0
<DISTRIBUTIONS-OF-INCOME>                     115,401
<DISTRIBUTIONS-OF-GAINS>                      108,965
<DISTRIBUTIONS-OTHER>                         0
<NUMBER-OF-SHARES-SOLD>                       734,647
<NUMBER-OF-SHARES-REDEEMED>                   229,644
<SHARES-REINVESTED>                           8,223
<NET-CHANGE-IN-ASSETS>                        42,693,612
<ACCUMULATED-NII-PRIOR>                       0
<ACCUMULATED-GAINS-PRIOR>                     0
<OVERDISTRIB-NII-PRIOR>                       0
<OVERDIST-NET-GAINS-PRIOR>                    0
<GROSS-ADVISORY-FEES>                         1,287,529
<INTEREST-EXPENSE>                            0
<GROSS-EXPENSE>                               1,666,857
<AVERAGE-NET-ASSETS>                          0
<PER-SHARE-NAV-BEGIN>                         12.240
<PER-SHARE-NII>                               .280
<PER-SHARE-GAIN-APPREC>                       .110
<PER-SHARE-DIVIDEND>                          .270
<PER-SHARE-DISTRIBUTIONS>                     .340
<RETURNS-OF-CAPITAL>                          .000
<PER-SHARE-NAV-END>                           12.020
<EXPENSE-RATIO>                               32
<AVG-DEBT-OUTSTANDING>                        0
<AVG-DEBT-PER-SHARE>                          0
        



</TABLE>

<TABLE> <S> <C>

       
<S>                                        <C>

<ARTICLE>                                   6
<SERIES>
   <NUMBER>                                 3
   <NAME>            FEDERATED MAX-CAP FUND-INST SHARES
<PERIOD-TYPE>                               12-MOS
<FISCAL-YEAR-END>                           OCT-31-1994
<PERIOD-END>                                OCT-31-1994
<INVESTMENTS-AT-COST>                       420,285,822
<INVESTMENTS-AT-VALUE>                      452,520,879
<RECEIVABLES>                               1,218,995
<ASSETS-OTHER>                              48,766
<OTHER-ITEMS-ASSETS>                        0
<TOTAL-ASSETS>                              453,788,640
<PAYABLE-FOR-SECURITIES>                    0
<SENIOR-LONG-TERM-DEBT>                     0
<OTHER-ITEMS-LIABILITIES>                   1,356,283
<TOTAL-LIABILITIES>                         1,356,283
<SENIOR-EQUITY>                             0
<PAID-IN-CAPITAL-COMMON>                    418,267,944
<SHARES-COMMON-STOCK>                       36,930,606
<SHARES-COMMON-PRIOR>                       0
<ACCUMULATED-NII-CURRENT>                   961,205
<OVERDISTRIBUTION-NII>                      0
<ACCUMULATED-NET-GAINS>                     352,786
<OVERDISTRIBUTION-GAINS>                    0
<ACCUM-APPREC-OR-DEPREC>                    0
<NET-ASSETS>                                443,815,104
<DIVIDEND-INCOME>                           9,996,788
<INTEREST-INCOME>                           2,932,435
<OTHER-INCOME>                              0
<EXPENSES-NET>                              1,366,918
<NET-INVESTMENT-INCOME>                     11,562,305
<REALIZED-GAINS-CURRENT>                    1,155,375
<APPREC-INCREASE-CURRENT>                   3,003,321
<NET-CHANGE-FROM-OPS>                       15,721,001
<EQUALIZATION>                              0
<DISTRIBUTIONS-OF-INCOME>                   10,781,243
<DISTRIBUTIONS-OF-GAINS>                    11,507,864
<DISTRIBUTIONS-OTHER>                       0
<NUMBER-OF-SHARES-SOLD>                     17,555,003
<NUMBER-OF-SHARES-REDEEMED>                 14,617,884
<SHARES-REINVESTED>                         718,661
<NET-CHANGE-IN-ASSETS>                      42,693,612
<ACCUMULATED-NII-PRIOR>                     0
<ACCUMULATED-GAINS-PRIOR>                   0
<OVERDISTRIB-NII-PRIOR>                     0
<OVERDIST-NET-GAINS-PRIOR>                  0
<GROSS-ADVISORY-FEES>                       1,287,529
<INTEREST-EXPENSE>                          0
<GROSS-EXPENSE>                             1,666,857
<AVERAGE-NET-ASSETS>                        0
<PER-SHARE-NAV-BEGIN>                       12.240
<PER-SHARE-NII>                             .320
<PER-SHARE-GAIN-APPREC>                     .100
<PER-SHARE-DIVIDEND>                        .300
<PER-SHARE-DISTRIBUTIONS>                   .340
<RETURNS-OF-CAPITAL>                        0
<PER-SHARE-NAV-END>                         12.020
<EXPENSE-RATIO>                             31
<AVG-DEBT-OUTSTANDING>                      0
<AVG-DEBT-PER-SHARE>                        .000
        



</TABLE>


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