FIXED INCOME SECURITIES INC
NSAR-A, EX-27, 2000-07-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000879569
<NAME>                            Federated Fixed Income Securities, Inc.
<SERIES>
     <NUMBER>                     032
     <NAME>                       Federated Limited Term Municipal Fund - Class F

<S>                               <C>
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Nov-30-2000
<PERIOD-END>                      May-31-2000
<INVESTMENTS-AT-COST>             86,761,818
<INVESTMENTS-AT-VALUE>            85,020,038
<RECEIVABLES>                     1,823,704
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              47,959
<TOTAL-ASSETS>                    86,891,701
<PAYABLE-FOR-SECURITIES>          1,000,000
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         878,430
<TOTAL-LIABILITIES>               1,878,430
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          91,708,695
<SHARES-COMMON-STOCK>             1,632,171
<SHARES-COMMON-PRIOR>             2,916,564
<ACCUMULATED-NII-CURRENT>         80,000
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           0
<OVERDISTRIBUTION-GAINS>          (4,997,335)
<ACCUM-APPREC-OR-DEPREC>          (1,778,089)
<NET-ASSETS>                      15,470,419
<DIVIDEND-INCOME>                 0
<INTEREST-INCOME>                 2,563,960
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (443,554)
<NET-INVESTMENT-INCOME>           2,120,406
<REALIZED-GAINS-CURRENT>          (683,011)
<APPREC-INCREASE-CURRENT>         (671,646)
<NET-CHANGE-FROM-OPS>             765,749
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (402,632)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           138,533
<NUMBER-OF-SHARES-REDEEMED>       (1,441,255)
<SHARES-REINVESTED>               18,329
<NET-CHANGE-IN-ASSETS>            (40,605,160)
<ACCUMULATED-NII-PRIOR>           80,000
<ACCUMULATED-GAINS-PRIOR>         (4,314,324)
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             202,027
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   606,627
<AVERAGE-NET-ASSETS>              18,335,022
<PER-SHARE-NAV-BEGIN>             9.600
<PER-SHARE-NII>                   0.210
<PER-SHARE-GAIN-APPREC>           (0.120)
<PER-SHARE-DIVIDEND>              (0.210)
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               9.480
<EXPENSE-RATIO>                   0.67
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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