Exhibit 77Q(1)
Exhibit I
to the
Distributor's Contract
Federated Ultrashort Bond Fund
Institutional Shares
In consideration of the mutual covenants set forth in the
Distributor's Contract dated December 1, 1993 between Federated
Total Return Series, Inc. and Federated Securities Corp.,
Federated Total Return Series, Inc. executes and delivers this
Exhibit on behalf of the Funds, and with respect to the
Institutional Shares thereof, first set forth in this Exhibit.
Witness the due execution hereof this 18th day of February,
2000.
FEDERATED TOTAL RETURN SERIES, INC.
By: /s/ J. Christopher Donahue
Name: J. Christopher Donahue
Title: Executive Vice President
FEDERATED SECURITIES CORP.
By: /s/ Davis M. Taylor
Name: David M. Taylor
Title: Executive Vice President
