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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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056 000400 N
057 000400 N
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070 B010400 N
070 B020400 N
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070 C020400 N
070 D010400 N
070 D020400 N
<PAGE> PAGE 22
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 23
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<PAGE> PAGE 24
015 A000501 STATE STREET BANK AND TRUST COMPANY
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
015 C030501 02266
015 C040501 8600
015 E010501 X
015 A000502 PNC BANK, NA
015 B000502 S
015 C010502 PITTSBURGH
015 C020502 PA
015 C030502 15265
015 E010502 X
015 A000503 NATIONSBANK OF NORTH CAROLINA
015 B000503 S
015 C010503 CHARLOTTE
015 C020503 NC
015 C030503 28255
015 E010503 X
015 A000504 MORGAN GUARANTY BANK & TRUST CO.
015 B000504 S
015 C010504 NEW YORK
015 C020504 NY
015 C030504 10015
015 E010504 X
015 A000505 THE CHASE MANHATTAN CORPORATION
015 B000505 S
015 C010505 NEW YORK
015 C020505 NY
015 C030505 10006
015 E010505 X
015 A000506 BANK OF NEW YORK
015 B000506 S
015 C010506 NEW YORK
015 C020506 NY
015 C030506 10006
015 E010506 X
015 A000507 BANKERS TRUST CO.
015 B000507 S
015 C010507 NEW YORK
015 C020507 NY
015 C030507 10015
015 E010507 X
028 A010500 248
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<PAGE> PAGE 25
028 C010500 221
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<PAGE> PAGE 26
057 000500 N
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<PAGE> PAGE 27
070 L020500 N
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<PAGE> PAGE 28
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
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<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> Municipal Securities Income Trust
Federated Pennsylvania Municipal Income Fund
Class A Shares
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<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> Municipal Securities Income Trust
Federated Pennsylvania Municipal Income Fund
Class B Shares
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</TABLE>
<TABLE> <S> <C>
<S> <C>
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<SERIES>
<NUMBER> 02
<NAME> Municipal Securities Income Trust
Federated Ohio Municipal Income Fund
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Municipal Securities Income Trust
Federated Michigan Intermediate Municipal Trus
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<PERIOD-END> Feb-28-1998
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> Muncipal Securities Income Trust
Federated California Municipal Income Fund
Class A Shares
<PERIOD-TYPE> 6-mos
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<PERIOD-END> Feb-28-1998
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> Muncipal Securities Income Trust
Federated California Municipal Income Fund
Class B Shares
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<TABLE> <S> <C>
<S> <C>
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<NUMBER> 05
<NAME> Municipal Securities Income Trust
Federated New York Municipal Income Fund
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