INVESTMENT SERIES FUNDS INC
NSAR-A, EX-27, 2000-06-26
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000889388
<NAME>                            Federated Investment Series Funds, Inc.
<SERIES>
     <NUMBER>                     014
     <NAME>                       Federated Bond Fund - Class F

<S>                               <C>
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Oct-31-2000
<PERIOD-END>                      Apr-30-2000
<INVESTMENTS-AT-COST>             1,002,461,076
<INVESTMENTS-AT-VALUE>            911,923,592
<RECEIVABLES>                     25,349,075
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
<TOTAL-ASSETS>                    937,272,667
<PAYABLE-FOR-SECURITIES>          2,014,402
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<OTHER-ITEMS-LIABILITIES>         3,091,155
<TOTAL-LIABILITIES>               5,105,557
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          1,055,576,542
<SHARES-COMMON-STOCK>             38,020,282
<SHARES-COMMON-PRIOR>             41,205,964
<ACCUMULATED-NII-CURRENT>         0
<OVERDISTRIBUTION-NII>            2,077,972
<ACCUMULATED-NET-GAINS>           (30,793,976)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          (90,537,484)
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<DIVIDEND-INCOME>                 13,435,083
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<OTHER-INCOME>                    0
<EXPENSES-NET>                    (6,944,668)
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<REALIZED-GAINS-CURRENT>          (18,426,597)
<APPREC-INCREASE-CURRENT>         (21,076,442)
<NET-CHANGE-FROM-OPS>             (2,596,635)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (13,721,620)
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           4,108,057
<NUMBER-OF-SHARES-REDEEMED>       (8,076,545)
<SHARES-REINVESTED>               782,806
<NET-CHANGE-IN-ASSETS>            (130,700,454)
<ACCUMULATED-NII-PRIOR>           0
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<OVERDISTRIB-NII-PRIOR>           (1,894,474)
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<GROSS-ADVISORY-FEES>             3,734,328
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   7,673,225
<AVERAGE-NET-ASSETS>              357,692,152
<PER-SHARE-NAV-BEGIN>             9.120
<PER-SHARE-NII>                   0.350
<PER-SHARE-GAIN-APPREC>           (0.360)
<PER-SHARE-DIVIDEND>              (0.350)
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               8.760
<EXPENSE-RATIO>                   1.08
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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