WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000912577
<NAME> Federated Insurance Series
<SERIES>
<NUMBER> 08
<NAME> Federated Equity Income Fund II
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
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<TOTAL-LIABILITIES> 1,126,080
<SENIOR-EQUITY> 0
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<SHARES-COMMON-PRIOR> 5,381,787
<ACCUMULATED-NII-CURRENT> 796,265
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<EXPENSES-NET> (461,781)
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<REALIZED-GAINS-CURRENT> 1,013,459
<APPREC-INCREASE-CURRENT> (369)
<NET-CHANGE-FROM-OPS> 1,811,352
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,420,016
<NUMBER-OF-SHARES-REDEEMED> (266,883)
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<NET-CHANGE-IN-ASSETS> 19,948,505
<ACCUMULATED-NII-PRIOR> 1,001,433
<ACCUMULATED-GAINS-PRIOR> (1,764,782)
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<EXPENSE-RATIO> 0.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
