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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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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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008 D030401 15222
008 D040401 3779
015 A000401 STATE STREET BANK AND TRUST COMPANY
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02266
015 C040401 8600
015 E010401 X
015 A000402 PNC BANK, NA
015 B000402 S
015 C010402 PITTSBURGH
015 C020402 PA
015 C030402 15265
015 E010402 X
015 A000403 NATIONSBANK OF NORTH CAROLINA
015 B000403 S
015 C010403 CHARLOTTE
015 C020403 NC
015 C030403 28255
015 E010403 X
015 A000404 MORGAN GUARANTY BANK & TRUST CO.
015 B000404 S
015 C010404 NEW YORK
015 C020404 NY
015 C030404 10015
015 E010404 X
015 A000405 CHEMICAL BANK & TRUST CO.
015 B000405 S
015 C010405 NEW YORK
015 C020405 NY
015 C030405 10006
<PAGE> PAGE 21
015 E010405 X
015 A000406 BANK OF NEW YORK
015 B000406 S
015 C010406 NEW YORK
015 C020406 NY
015 C030406 10006
015 E010406 X
015 A000407 BANKERS TRUST CO.
015 B000407 S
015 C010407 NEW YORK
015 C020407 NY
015 C030407 10015
015 E010407 X
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 1724
028 A020400 60
028 A030400 0
028 A040400 442
028 B010400 2682
028 B020400 73
028 B030400 0
028 B040400 342
028 C010400 2900
028 C020400 150
028 C030400 0
028 C040400 1109
028 D010400 3271
028 D020400 86
028 D030400 0
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028 E010400 3636
028 E020400 94
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028 E040400 1769
028 F010400 1924
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028 F040400 396
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<PAGE> PAGE 22
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 15.6
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 13.9
062 N000400 81.5
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 16.1
064 A000400 N
<PAGE> PAGE 23
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
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 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 23266
071 B000400 12652
071 C000400 16088
071 D000400 79
072 A000400 6
072 B000400 573
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<PAGE> PAGE 24
072 F000400 51
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072DD010400 501
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074 B000400 3385
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074 N000400 24266
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<PAGE> PAGE 25
074 R030400 0
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008 D010501 PITTSBURGH
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008 D030501 15222
008 D040501 3779
015 A000501 STATE STREET BANK AND TRUST COMPANY
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
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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 BANKERS TRUST CO.
015 B000503 S
015 C010503 NEW YORK
015 C020503 NY
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015 A000504 BANK OF NEW YORK
015 B000504 S
015 C010504 NEW YORK
015 C020504 NY
015 C030504 10006
015 E010504 X
015 A000505 CHEMICAL BANK & TRUST CO.
015 B000505 S
015 C010505 NEW YORK
015 C020505 NY
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<PAGE> PAGE 26
015 E010505 X
015 A000506 MORGAN GUARANTY BANK & TRUST CO.
015 B000506 S
015 C010506 NEW YORK
015 C020506 NY
015 C030506 10015
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015 A000507 NATIONSBANK OF NORTH CAROLINA
015 B000507 S
015 C010507 CHARLOTTE
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024 000500 N
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<PAGE> PAGE 27
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.600
048 A010500 0
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048 B010500 0
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048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
055 A000500 N
055 B000500 N
056 000500 N
057 000500 N
062 A000500 Y
062 B000500 0.0
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062 D000500 3.0
062 E000500 0.0
062 F000500 0.0
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064 A000500 Y
<PAGE> PAGE 28
064 B000500 Y
065 000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 27793
071 B000500 9909
071 C000500 26656
071 D000500 37
072 A000500 6
072 B000500 1405
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<PAGE> PAGE 29
072 E000500 0
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<PAGE> PAGE 30
074 R020500 0
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008 C000601 801-49470
008 D010601 NEW YORK
008 D020601 NY
008 D030601 10038
008 D040601 4965
015 A000601 STATE STREET BANK AND TRUST COMPANY
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015 E010601 X
015 A000602 PNC BANK, NA
015 B000602 S
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015 A000603 NATIONSBANK OF NORTH CAROLINA
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015 A000604 MORGAN GUARANTY BANK & TRUST CO.
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015 C030604 10015
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015 A000605 CHEMICAL BANK & TRUST CO.
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<PAGE> PAGE 31
015 C030605 10006
015 E010605 X
015 A000606 BANK OF NEW YORK
015 B000606 S
015 C010606 NEW YORK
015 C020606 NY
015 C030606 10006
015 E010606 X
015 A000607 BANKERS TRUST CO.
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015 C030607 10015
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015 A000608 DEUTSCHE BANK
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015 C010608 KARACHI
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015 D020612 D.F.06695
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<PAGE> PAGE 32
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<PAGE> PAGE 33
015 C010624 D-60301 FRANKFURT AM
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<PAGE> PAGE 34
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024 000600 Y
025 A000601 NOMURA SECURITIES
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<PAGE> PAGE 35
048 A010600 0
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<PAGE> PAGE 36
066 F000600 N
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067 000600 N
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070 E020600 N
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070 F020600 N
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070 H020600 N
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070 I020600 N
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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015 A000701 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 39
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015 A000706 BANK OF NEW YORK
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015 C020706 NY
015 C030706 10006
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015 A000707 BANKERS TRUST CO.
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015 C010707 NEW YORK
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024 000700 Y
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025 D000702 57
025 A000703 SCHWAB (CHARLES)
025 C000703 E
025 D000703 61
025 A000704 SUN AMERICA
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025 A000705 TRAVELERS
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<PAGE> PAGE 40
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055 A000700 N
055 B000700 N
056 000700 N
057 000700 N
062 A000700 N
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<PAGE> PAGE 41
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066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
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070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
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070 O010700 Y
070 O020700 N
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<PAGE> PAGE 42
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070 Q020700 N
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070 R020700 N
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<PAGE> PAGE 43
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
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<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> Federated Insurance Series
Federated American Leaders Fund II
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> Federated Insurance Series
Federated Utility Fund II
<PERIOD-TYPE> 6-Mos
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<PERIOD-END> Jun-30-1996
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Federated Insurance Series
Federated Prime Money Fund II
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> Jun-30-1996
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> Federated Insurance Series
Federated Fund for U.S. Government Securities
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 24,224,518
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<ACCUMULATED-NET-GAINS> (160,061)
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<ACCUM-APPREC-OR-DEPREC> (174,221)
<NET-ASSETS> 21,665,362
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<OTHER-INCOME> 0
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> Federated Insurance Series
Federated High Income Bond Fund II
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 36,964,234
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<ACCUMULATED-NII-CURRENT> 38,222
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<ACCUM-APPREC-OR-DEPREC> (215,497)
<NET-ASSETS> 36,780,401
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> Federated Insurance Series
Federated International Equity Fund II
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 10,603,515
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<GROSS-EXPENSE> 190,802
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> Federated Insurance Series
Federated Growth Strategies Fund II
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 6,243,705
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<ACCUMULATED-NII-CURRENT> 26,555
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 117,468
<NET-ASSETS> 5,871,058
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<EXPENSES-NET> 10,265
<NET-INVESTMENT-INCOME> 7,484
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<DISTRIBUTIONS-OF-INCOME> (700)
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<PER-SHARE-GAIN-APPREC> 1.140
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.460
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
