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SIGNATURE T. ELLIOTT COHEN
TITLE ASST. GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<GROSS-EXPENSE> (387,820)
<AVERAGE-NET-ASSETS> 2,947
<PER-SHARE-NAV-BEGIN> 10.260
<PER-SHARE-NII> 0.690
<PER-SHARE-GAIN-APPREC> 0.110
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.950)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.110
<EXPENSE-RATIO> 0.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000912763
<NAME> Federated Total Return Series
<SERIES>
<NUMBER> 012
<NAME> Federated Total Return Bond Fund, Class SS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Sep-30-1998
<PERIOD-END> Sep-30-1998
<INVESTMENTS-AT-COST> 105,386,863
<INVESTMENTS-AT-VALUE> 110,374,397
<RECEIVABLES> 2,852,823
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 7,601
<TOTAL-ASSETS> 113,234,821
<PAYABLE-FOR-SECURITIES> 996,385
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 316,880
<TOTAL-LIABILITIES> 1,313,265
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106,718,872
<SHARES-COMMON-STOCK> 1,231,231
<SHARES-COMMON-PRIOR> 221,734
<ACCUMULATED-NII-CURRENT> 4,987,534
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 216,685
<OVERDISTRIBUTION-GAINS> (1,535)
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 111,921,556
<DIVIDEND-INCOME> 22,477
<INTEREST-INCOME> 2,956,648
<OTHER-INCOME> 0
<EXPENSES-NET> (683,061)
<NET-INVESTMENT-INCOME> 2,803,451
<REALIZED-GAINS-CURRENT> 289,258
<APPREC-INCREASE-CURRENT> 4,721,298
<NET-CHANGE-FROM-OPS> 7,814,007
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 473,640
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,498,472
<NUMBER-OF-SHARES-REDEEMED> (2,486,337)
<SHARES-REINVESTED> 158
<NET-CHANGE-IN-ASSETS> 87,923,705
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (61)
<OVERDIST-NET-GAINS-PRIOR> (72,573)
<GROSS-ADVISORY-FEES> (187,800)
<INTEREST-EXPENSE> (3,068)
<GROSS-EXPENSE> (683,861)
<AVERAGE-NET-ASSETS> 8,306,325
<PER-SHARE-NAV-BEGIN> 10.320
<PER-SHARE-NII> 0.610
<PER-SHARE-GAIN-APPREC> 0.580
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> (0.610)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.900
<EXPENSE-RATIO> 0.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
ITEM 77M
MERGERS
Pursuant to the Securities Act of 1933, as amended and the General Rules and
Regulations thereunder, a Registration Statement on Form N-14 (SEC File No.
333-00053) was filed on July 28, 1998. This filing relates to an Agreement
and Plan of Reorganization between Federated Bond Index Fund (the "Fund") and
Federated Total Return Bond Fund ("FTRBF"), a portfolio of Federated
Investment Trust, whereby FTRBF would acquire all of the assets of the Fund
in exchange for shares of FTRBF to be distributed pro rata by the Fund, to its
shareholders.
As a result, effective September 25, 1998, each shareholder of the Fund became
owner of FTRBF shares having a total net asset value equal to the total net
asset value of his or her holdings in the Fund.
The Agreement and Plan of Reorganization providing for the transfer of the
assets of the Fund to FTRBF was approved by the Board of Trustees at the
Fund's Regular Meeting held on May 13, 1998 and was also approved by
shareholders at a Special Meeting of Shareholders of the Fund held on
September 21, 1998.
The Agreement and Plan of Reorganization concerning this acquisition is hereby
incorporated by reference from the definitive Prospectus/Proxy Statement filed
on July 28, 1998.
ITEM 77Q(a)(i)
Amendments to By-Laws
FEDERATED TOTAL RETURN SERIES, INC.
ARTICLES OF AMENDMENT
FEDERATED TOTAL RETURN SERIES, INC., a Maryland corporation (hereinafter
called the "Corporation"), hereby certifies to the State Department of
Assessments and Taxation that:
FIRST: The Corporation hereby renames all of the shares of
(i) Federated Total Return Government Fund Institutional Shares; (ii)
Federated Total Return Government Fund Institutional Service Shares; (iii)
Federated Total Return Limited Duration Fund Institutional Shares; and (iv)
Federated total Return Limited Duration Fund Institutional Service Shares as
follows:
Old Name New Name
Federated Government Fund Federated Mortgage Fund
Institutional Shares Institutional Shares
Federated Government Fund Federated Mortgage Fund
Institutional Service Shares Institutional Service Shares
SECOND: The foregoing amendment to the charter of the Corporation
was approved by a majority of the entire Board of Directors of the
Corporation; the charter amendment is limited to a change expressly permitted
by Section 2-605 of the Maryland General Corporation Law to be made without
action by stockholders; and the Company is registered as an open-end
investment company under the Investment Company Act of 1940, as amended.
IN WITNESS WHEREOF, Federated Total Return Series, Inc. has caused these
Articles of Amendment to be signed in its name and on its behalf as of June 4,
1998, by its duly authorized officers, who acknowledge that these Articles of
Amendment are the act of the Corporation, that to the best of their knowledge,
information and belief, all matters and facts set forth herein relating to the
authorization and approval of these Articles are true in all material
respects, and that this statement is made under the penalties of perjury.
WITNESS: FEDERATED TOTAL RETURN SERIES, INC.
/s/ Anthony R. Bosch By: /s/ J. Christopher Donahue
Anthony R. Bosch J. Christopher Donahue
Assistant Secretary Executive Vice President
ITEM 77Q(a)(ii)
Amendments to By-Laws
FEDERATED TOTAL RETURN SERIES, INC.
Federated Total Return Series, Inc.
Amendment #2
to the By-Laws
(effective February 27, 1998)
Delete Section 8 Proxies of Article I, Meetings of Shareholders, and replace
with the following:
Section 8. PROXIES. Any Shareholder entitled to vote at any
meeting of Shareholders may vote either in person or by proxy, but
no proxy which is dated more than eleven months before the meeting
named therein shall be accepted unless otherwise provided in the
proxy. Every proxy shall be in writing and signed by the
Shareholder or his duly authorized agent or be in such other form
as may be permitted by the Maryland General Corporation Law,
including electronic transmissions from the shareholder or his
authorized agent. Authorization may be given orally, in writing,
by telephone, or by other means of communication. A copy,
facsimile transmission or other reproduction of the writing or
transmission may be substituted for the original writing or
transmission for any purpose for which the original transmission
could be used. Every proxy shall be dated, but need not be
sealed, witnessed or acknowledged. Where Shares are held of
record by more than one person, any co-owner or co-fiduciary may
appoint a proxy holder, unless the Secretary of the Corporation is
notified in writing by any co-owner or co-fiduciary that the
joinder of more than one is to be required. All proxies shall be
filed with and verified by the Secretary or an Assistant Secretary
of the Corporation, or the person acting as Secretary of the
Meeting. Unless otherwise specifically limited by their term, all
proxies shall entitle the holders thereof to vote at any
adjournment of such meeting but shall not be valid after the final
adjournment of such meeting.
ITEM 77Q(a)(iii)
Amendments to By-Laws
Federated Total Return Series, Inc.
Amendment #3
to the By-Laws
(effective May 12, 1998)
Strike Section 3 - Place of Meetings from Article I - Meeting of Shareholder
and replace it with the following:
Section 3. PLACE OF MEETINGS. All meetings of the Shareholders
of the Corporation or a particular Series or Class, shall be held
at such place within or without the State of Maryland as may be
fixed by the Board of Directors.
