FEDERATED INSURANCE SERIES
NSAR-A, EX-27, 2000-08-28
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                         6
<CIK>                             0000912577
<NAME>                            Federated Insurance Series
<SERIES>
     <NUMBER>                     012
     <NAME>                       Federated International Small Company Fund II

<S>                               <C>
<PERIOD-TYPE>                     OTHER
<FISCAL-YEAR-END>                 Dec-31-2000
<PERIOD-END>                      Jun-30-2000
<INVESTMENTS-AT-COST>             9,034,786
<INVESTMENTS-AT-VALUE>            9,197,457
<RECEIVABLES>                     260,648
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              100,975
<TOTAL-ASSETS>                    9,559,080
<PAYABLE-FOR-SECURITIES>          65,291
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         1,205
<TOTAL-LIABILITIES>               66,496
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          10,097,639
<SHARES-COMMON-STOCK>             1,010,395
<SHARES-COMMON-PRIOR>             0
<ACCUMULATED-NII-CURRENT>         4,083
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           (771,897)
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          162,759
<NET-ASSETS>                      9,492,584
<DIVIDEND-INCOME>                 16,333
<INTEREST-INCOME>                 10,581
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (22,831)
<NET-INVESTMENT-INCOME>           4,083
<REALIZED-GAINS-CURRENT>          (771,897)
<APPREC-INCREASE-CURRENT>         162,759
<NET-CHANGE-FROM-OPS>             (605,055)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         0
<DISTRIBUTIONS-OF-GAINS>          0
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           1,010,395
<NUMBER-OF-SHARES-REDEEMED>       0
<SHARES-REINVESTED>               0
<NET-CHANGE-IN-ASSETS>            9,492,584
<ACCUMULATED-NII-PRIOR>           0
<ACCUMULATED-GAINS-PRIOR>         0
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             18,971
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   52,808
<AVERAGE-NET-ASSETS>              9,106,047
<PER-SHARE-NAV-BEGIN>             10.000
<PER-SHARE-NII>                   0.000
<PER-SHARE-GAIN-APPREC>           (0.610)
<PER-SHARE-DIVIDEND>              0.000
<PER-SHARE-DISTRIBUTIONS>         0.000
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               9.390
<EXPENSE-RATIO>                   1.50
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.00



</TABLE>


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