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>                     01
     <NAME>                       Federated American Leaders Fund II

<S>                               <C>
<PERIOD-TYPE>                     6-Mos
<FISCAL-YEAR-END>                 Dec-31-2000
<PERIOD-END>                      June-30-2000
<INVESTMENTS-AT-COST>             407,876,837
<INVESTMENTS-AT-VALUE>            457,743,651
<RECEIVABLES>                     1,046,898
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              870
<TOTAL-ASSETS>                    458,791,419
<PAYABLE-FOR-SECURITIES>          1,045,045
<SENIOR-LONG-TERM-DEBT>           0
<OTHER-ITEMS-LIABILITIES>         33,935
<TOTAL-LIABILITIES>               1,078,980
<SENIOR-EQUITY>                   0
<PAID-IN-CAPITAL-COMMON>          400,520,495
<SHARES-COMMON-STOCK>             23,849,643
<SHARES-COMMON-PRIOR>             22,931,011
<ACCUMULATED-NII-CURRENT>         4,507,792
<OVERDISTRIBUTION-NII>            0
<ACCUMULATED-NET-GAINS>           2,817,338
<OVERDISTRIBUTION-GAINS>          0
<ACCUM-APPREC-OR-DEPREC>          49,866,814
<NET-ASSETS>                      457,712,439
<DIVIDEND-INCOME>                 6,016,514
<INTEREST-INCOME>                 485,250
<OTHER-INCOME>                    0
<EXPENSES-NET>                    (2,001,729)
<NET-INVESTMENT-INCOME>           4,500,035
<REALIZED-GAINS-CURRENT>          3,202,527
<APPREC-INCREASE-CURRENT>         (27,948,642)
<NET-CHANGE-FROM-OPS>             (20,246,080)
<EQUALIZATION>                    0
<DISTRIBUTIONS-OF-INCOME>         (4,310,915)
<DISTRIBUTIONS-OF-GAINS>          (13,042,541)
<DISTRIBUTIONS-OTHER>             0
<NUMBER-OF-SHARES-SOLD>           2,025,252
<NUMBER-OF-SHARES-REDEEMED>       (1,990,181)
<SHARES-REINVESTED>               883,561
<NET-CHANGE-IN-ASSETS>            (19,713,603)
<ACCUMULATED-NII-PRIOR>           4,318,672
<ACCUMULATED-GAINS-PRIOR>         12,657,352
<OVERDISTRIB-NII-PRIOR>           0
<OVERDIST-NET-GAINS-PRIOR>        0
<GROSS-ADVISORY-FEES>             1,712,489
<INTEREST-EXPENSE>                0
<GROSS-EXPENSE>                   2,005,288
<AVERAGE-NET-ASSETS>              459,188,392
<PER-SHARE-NAV-BEGIN>             20.820
<PER-SHARE-NII>                   0.190
<PER-SHARE-GAIN-APPREC>           (1.060)
<PER-SHARE-DIVIDEND>              (0.190)
<PER-SHARE-DISTRIBUTIONS>         (0.570)
<RETURNS-OF-CAPITAL>              0.000
<PER-SHARE-NAV-END>               19.190
<EXPENSE-RATIO>                   0.88
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



</TABLE>


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