FEDERATED TOTAL RETURN SERIES INC
NSAR-A, 1997-05-30
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<PAGE>      PAGE  1
000 A000000 03/31/97
000 C000000 0000912763
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 FEDERATED TOTAL RETURN SERIES, INC.
001 B000000 811-7115
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 FEDERATED TOTAL RETURN BOND FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C020500 FEDERATED LIMITED DURATION FUND
007 C030500 N
007 C010600  6
007 C020600 FEDERATED LIMITED DURATION GOV'T FUND
007 C030600 N
007 C010700  7
007 C020700 FEDERATED GOVERNMENT FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FEDERATED MANAGEMENT
008 B00AA01 A
008 C00AA01 801-34610
008 D01AA01 PITTSBURGH
008 D02AA01 PA
008 D03AA01 15222
008 D04AA01 3779
010 A00AA01 FEDERATED SERVICES COMPANY
010 C01AA01 PITTSBURGH
010 C02AA01 PA
<PAGE>      PAGE  2
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
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013 B03AA01 15219
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022 A000001 B.T SECURITIES CORP.
022 B000001 13-4941247
022 C000001     92690
022 D000001         0
022 A000002 FEDERATED LIMITED TERM FUND
022 C000002      4558
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022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003      2256
022 D000003       525
022 A000004 SALOMON BROTHERS, INC.
022 B000004 13-3082694
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022 A000005 CS FIRST BOSTON CORP.
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<PAGE>      PAGE  3
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
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022 A000007 BZW SECURITIES, INC.
022 B000007 13-3297824
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022 A000008 BEAR, STEARNS & CO., INC.
022 B000008 13-3299429
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022 A000009 FIRST ALBANY CORPORATION
022 B000009 14-1391446
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022 A000010 PAINEWEBBER, INC.
022 B000010 13-2638166
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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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015 A000501 STATE STREET BANK AND TRUST COMPANY
015 B000501 C
015 C010501 BOSTON
015 C020501 MA
015 C030501 02266
015 C040501 8600
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015 A000502 PNC BANK, NA
015 B000502 S
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015 C030502 15265
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015 A000503 NATIONSBANK OF NORTH CAROLINA
015 B000503 S
015 C010503 CHARLOTTE
<PAGE>      PAGE  10
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015 A000504 NATIONSBANC CAPITAL MARKETS, INC.
015 B000504 S
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015 C030504 23261
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015 A000505 MORGAN GUARANTY BANK & TRUST CO.
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015 A000506 CHASE MANHATTAN CORPORATION
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015 A000507 BANK OF NEW YORK
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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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015 A000704 MORGAN GUARANTY BANK & TRUST CO.
015 B000704 S
015 C010704 NEW YORK
015 C020704 NY
015 C030704 10015
015 E010704 X
015 A000705 THE CHASE MANHATTAN CORPORATION
015 B000705 S
015 C010705 NEW YORK
015 C020705 NY
015 C030705 10006
015 E010705 X
015 A000706 BANK OF NEW YORK
015 B000706 S
015 C010706 NEW YORK
015 C020706 NY
015 C030706 10006
015 E010706 X
015 A000707 BANKERS TRUST CO.
015 B000707 S
015 C010707 NEW YORK
015 C020707 NY
015 C030707 10015
015 E010707 X
028 A010700         0
028 A020700         0
028 A030700         0
028 A040700         0
028 B010700         0
028 B020700         0
028 B030700         0
028 B040700         0
028 C010700         0
028 C020700         0
028 C030700         0
028 C040700         0
028 D010700         0
028 D020700         0
028 D030700         0
028 D040700         0
028 E010700         0
028 E020700         0
028 E030700         0
<PAGE>      PAGE  20
028 E040700         0
028 F010700         1
028 F020700         0
028 F030700         0
028 F040700         0
028 G010700         1
028 G020700         0
028 G030700         0
028 G040700         0
028 H000700         0
042 A000700   0
042 B000700   0
042 C000700 100
042 D000700   0
042 E000700   0
042 F000700   0
042 G000700   0
042 H000700   0
043  000700      0
044  000700      0
049  000700 N
050  000700 N
051  000700 N
052  000700 N
053 A000700 N
055 A000700 Y
055 B000700 N
056  000700 N
057  000700 N
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 N
061  000700    25000
062 A000700 Y
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
<PAGE>      PAGE  21
062 R000700   0.0
063 A000700   0
063 B000700  0.0
064 A000700 N
064 B000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700         0
071 B000700         0
071 C000700         0
071 D000700    0
072 A000700  2
072 B000700        0
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700        0
<PAGE>      PAGE  22
072 G000700        0
072 H000700        0
072 I000700        0
072 J000700        0
072 K000700        0
072 L000700        0
072 M000700        0
072 N000700        0
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700        0
072 S000700        0
072 T000700        0
072 U000700        0
072 V000700        0
072 W000700        0
072 X000700        0
072 Y000700        0
072 Z000700        0
072AA000700        0
072BB000700        0
072CC010700        0
072CC020700        0
072DD010700        0
072DD020700        0
072EE000700        0
073 A010700   0.0000
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700        1
074 B000700        0
074 C000700        0
074 D000700        0
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        0
074 K000700        0
074 L000700        0
074 M000700        0
074 N000700        1
074 O000700        0
074 P000700        0
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
<PAGE>      PAGE  23
074 R040700        0
074 S000700        0
074 T000700        1
074 U010700        0
074 U020700        0
074 V010700    10.00
074 V020700    10.00
074 W000700   0.0000
074 X000700       10
074 Y000700        0
075 A000700        0
075 B000700      467
076  000700     0.00
SIGNATURE   S. ELLIOTT COHEN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     Federated Total Return Series, Inc             
                                Federated Total Return Bond Fund               
                                Institutional Shares                           
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           5,705,901                                      
<INVESTMENTS-AT-VALUE>          5,619,693                                      
<RECEIVABLES>                   237,002                                        
<ASSETS-OTHER>                  44,935                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  5,901,630                                      
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       33,227                                         
<TOTAL-LIABILITIES>             33,227                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        6,038,150                                      
<SHARES-COMMON-STOCK>           586,442                                        
<SHARES-COMMON-PRIOR>           510,021                                        
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (83,539)                                       
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (86,208)                                       
<NET-ASSETS>                    5,829,108                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               192,227                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  871                                            
<NET-INVESTMENT-INCOME>         191,356                                        
<REALIZED-GAINS-CURRENT>        42,794                                         
<APPREC-INCREASE-CURRENT>       (86,208)                                       
<NET-CHANGE-FROM-OPS>           147,942                                        
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       190,972                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         678,799                                        
<NUMBER-OF-SHARES-REDEEMED>     602,404                                        
<SHARES-REINVESTED>             26                                             
<NET-CHANGE-IN-ASSETS>          767,888                                        
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (126,333)                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,072                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 175,190                                        
<AVERAGE-NET-ASSETS>            5,471,143                                      
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.360                                          
<PER-SHARE-GAIN-APPREC>         (0.060)                                        
<PER-SHARE-DIVIDEND>            0.360                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.940                                          
<EXPENSE-RATIO>                 0.03                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   012                                            
     <NAME>                     Federated Total Return Series, Inc             
                                Federated Total Return Bond Fund               
                                Institutional Service Shares                   
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           5,705,901                                      
<INVESTMENTS-AT-VALUE>          5,619,693                                      
<RECEIVABLES>                   237,002                                        
<ASSETS-OTHER>                  44,935                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  5,901,630                                      
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       33,227                                         
<TOTAL-LIABILITIES>             33,227                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        6,038,150                                      
<SHARES-COMMON-STOCK>           3,953                                          
<SHARES-COMMON-PRIOR>           30                                             
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (83,539)                                       
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (86,208)                                       
<NET-ASSETS>                    39,295                                         
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               192,227                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  871                                            
<NET-INVESTMENT-INCOME>         191,356                                        
<REALIZED-GAINS-CURRENT>        42,794                                         
<APPREC-INCREASE-CURRENT>       (86,208)                                       
<NET-CHANGE-FROM-OPS>           147,942                                        
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       384                                            
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         4,424                                          
<NUMBER-OF-SHARES-REDEEMED>     501                                            
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          767,888                                        
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (126,333)                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,072                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 175,190                                        
<AVERAGE-NET-ASSETS>            5,471,143                                      
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.350                                          
<PER-SHARE-GAIN-APPREC>         (0.060)                                        
<PER-SHARE-DIVIDEND>            0.350                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.940                                          
<EXPENSE-RATIO>                 0.30                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   051                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Limited Duration Fund                
                                Institutional Shares                           
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           5,288,243                                      
<INVESTMENTS-AT-VALUE>          5,247,112                                      
<RECEIVABLES>                   76,309                                         
<ASSETS-OTHER>                  66,922                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  5,390,343                                      
<PAYABLE-FOR-SECURITIES>        208,222                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       25,119                                         
<TOTAL-LIABILITIES>             233,341                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        5,179,946                                      
<SHARES-COMMON-STOCK>           513,889                                        
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         9,168                                          
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (32,112)                                       
<NET-ASSETS>                    5,117,224                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               161,524                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18                                             
<NET-INVESTMENT-INCOME>         161,506                                        
<REALIZED-GAINS-CURRENT>        19,389                                         
<APPREC-INCREASE-CURRENT>       (32,112)                                       
<NET-CHANGE-FROM-OPS>           148,783                                        
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       161,160                                        
<DISTRIBUTIONS-OF-GAINS>        10,211                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         647,823                                        
<NUMBER-OF-SHARES-REDEEMED>     133,965                                        
<SHARES-REINVESTED>             11                                             
<NET-CHANGE-IN-ASSETS>          5,156,502                                      
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,080                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 174,284                                        
<AVERAGE-NET-ASSETS>            5,074,646                                      
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.330                                          
<PER-SHARE-GAIN-APPREC>         (0.020)                                        
<PER-SHARE-DIVIDEND>            0.330                                          
<PER-SHARE-DISTRIBUTIONS>       0.020                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.960                                          
<EXPENSE-RATIO>                 0.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   052                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Limited Duration Fund                
                                Institutional Service Shares                   
<PERIOD-TYPE>                   6-Mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           5,288,243                                      
<INVESTMENTS-AT-VALUE>          5,247,112                                      
<RECEIVABLES>                   76,309                                         
<ASSETS-OTHER>                  66,922                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  5,390,343                                      
<PAYABLE-FOR-SECURITIES>        208,222                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       25,119                                         
<TOTAL-LIABILITIES>             233,341                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        5,179,946                                      
<SHARES-COMMON-STOCK>           3,995                                          
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         9,168                                          
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (32,112)                                       
<NET-ASSETS>                    39,778                                         
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               161,524                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  18                                             
<NET-INVESTMENT-INCOME>         161,506                                        
<REALIZED-GAINS-CURRENT>        19,389                                         
<APPREC-INCREASE-CURRENT>       (32,112)                                       
<NET-CHANGE-FROM-OPS>           148,783                                        
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       345                                            
<DISTRIBUTIONS-OF-GAINS>        11                                             
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         3,963                                          
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             2                                              
<NET-CHANGE-IN-ASSETS>          5,156,502                                      
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           10,080                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 174,284                                        
<AVERAGE-NET-ASSETS>            5,074,646                                      
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.320                                          
<PER-SHARE-GAIN-APPREC>         (0.020)                                        
<PER-SHARE-DIVIDEND>            0.320                                          
<PER-SHARE-DISTRIBUTIONS>       0.020                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.960                                          
<EXPENSE-RATIO>                 0.30                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   061                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Limited Duration Government Fund     
                                Institutional Shares                           
<PERIOD-TYPE>                   2-mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           0                                              
<INVESTMENTS-AT-VALUE>          0                                              
<RECEIVABLES>                   0                                              
<ASSETS-OTHER>                  599                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  599                                            
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       0                                              
<TOTAL-LIABILITIES>             0                                              
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        599                                            
<SHARES-COMMON-STOCK>           30                                             
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    300                                            
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  0                                              
<NET-INVESTMENT-INCOME>         0                                              
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           0                                              
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         30                                             
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          599                                            
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           0                                              
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 0                                              
<AVERAGE-NET-ASSETS>            467                                            
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.000                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.000                                         
<EXPENSE-RATIO>                 0.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   062                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Limited Duration Government Fund     
                                Institutional Service Shares                   
<PERIOD-TYPE>                   2-mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           0                                              
<INVESTMENTS-AT-VALUE>          0                                              
<RECEIVABLES>                   0                                              
<ASSETS-OTHER>                  599                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  599                                            
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       0                                              
<TOTAL-LIABILITIES>             0                                              
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        599                                            
<SHARES-COMMON-STOCK>           30                                             
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    300                                            
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  0                                              
<NET-INVESTMENT-INCOME>         0                                              
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           0                                              
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         30                                             
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          599                                            
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           0                                              
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 0                                              
<AVERAGE-NET-ASSETS>            467                                            
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.000                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.000                                         
<EXPENSE-RATIO>                 0.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   071                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Government Fund                      
                                Institutional Shares                           
<PERIOD-TYPE>                   2-Mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           0                                              
<INVESTMENTS-AT-VALUE>          0                                              
<RECEIVABLES>                   0                                              
<ASSETS-OTHER>                  599                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  599                                            
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       0                                              
<TOTAL-LIABILITIES>             0                                              
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        599                                            
<SHARES-COMMON-STOCK>           30                                             
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    300                                            
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  0                                              
<NET-INVESTMENT-INCOME>         0                                              
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           0                                              
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         30                                             
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          599                                            
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           0                                              
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 0                                              
<AVERAGE-NET-ASSETS>            467                                            
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.000                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.000                                         
<EXPENSE-RATIO>                 0.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   072                                            
     <NAME>                     Federated Total Return Series, Inc.            
                                Federated Government Fund                      
                                Institutional Service Shares                   
<PERIOD-TYPE>                   2-Mos                                          
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Mar-31-1997                                    
<INVESTMENTS-AT-COST>           0                                              
<INVESTMENTS-AT-VALUE>          0                                              
<RECEIVABLES>                   0                                              
<ASSETS-OTHER>                  599                                            
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  599                                            
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       0                                              
<TOTAL-LIABILITIES>             0                                              
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        599                                            
<SHARES-COMMON-STOCK>           30                                             
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         0                                              
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        0                                              
<NET-ASSETS>                    299                                            
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  0                                              
<NET-INVESTMENT-INCOME>         0                                              
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           0                                              
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       0                                              
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         30                                             
<NUMBER-OF-SHARES-REDEEMED>     0                                              
<SHARES-REINVESTED>             0                                              
<NET-CHANGE-IN-ASSETS>          599                                            
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           0                                              
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 0                                              
<AVERAGE-NET-ASSETS>            467                                            
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.000                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.000                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.000                                         
<EXPENSE-RATIO>                 0.00                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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