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<PAGE> PAGE 3
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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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 17
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
074 R030300 0
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015 A000401 STATE STREET BANK AND TRUST COMPANY
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02266
015 C040401 8600
015 E010401 X
015 A000402 BANK OF NEW YORK
015 B000402 S
015 C010402 NEW YORK
015 C020402 NY
015 C030402 10006
015 E010402 X
015 A000403 BANKERS TRUST CO.
015 B000403 S
015 C010403 NEW YORK
015 C020403 NY
015 C030403 10015
015 E010403 X
015 A000404 CHEMICAL BANK & TRUST CO.
015 B000404 S
015 C010404 NEW YORK
015 C020404 NY
015 C030404 10006
015 E010404 X
015 A000405 MORGAN GUARANTY BANK & TRUST CO.
015 B000405 S
015 C010405 NEW YORK
015 C020405 NY
015 C030405 10015
015 E010405 X
015 A000406 NATIONSBANC CAPITAL MARKETS, INC.
015 B000406 S
015 C010406 RICHMOND
015 C020406 VA
015 C030406 23261
015 E010406 X
<PAGE> PAGE 22
015 A000407 PNC BANK, NA
015 B000407 S
015 C010407 PITTSBURGH
015 C020407 PA
015 C030407 15265
015 E010407 X
024 000400 Y
025 A000401 CHEMICAL BANKING CORP.
025 C000401 E
025 D000401 96
025 A000402 CITICORP
025 C000402 E
025 D000402 120
025 A000403 DEAN WITTER DISCOVER & CO.
025 C000403 E
025 D000403 66
025 A000404 MELLON BANK CORP.
025 C000404 E
025 D000404 114
025 A000405 MERRILL LYNCH & CO.
025 C000405 E
025 D000405 79
025 A000406 TRAVELERS GROUP, INC.
025 C000406 E
025 D000406 155
025 A000407 ALEX BROWN, INC.
025 C000407 E
025 D000407 60
025 D000408 0
028 A010400 1732
028 A020400 113
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028 A040400 362
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028 B040400 657
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<PAGE> PAGE 23
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068 B000400 N
<PAGE> PAGE 24
069 000400 N
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070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
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070 J020400 Y
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
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070 O020400 Y
070 P010400 Y
070 P020400 Y
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070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST.GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> Managed Series Trust
Federated Managed Income Fund
Institutional Shares
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> Managed Series Trust
Federated Managed Income Fund
Select Shares
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 62,013,889
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<RECEIVABLES> 1,099,599
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,871,638
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<NET-INVESTMENT-INCOME> 2,908,367
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<GROSS-EXPENSE> 911,741
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> Managed Series Trust
Federated Managed Growth and Income Fund
Institutional Shares
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 120,985,908
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> Managed Series Trust
Federated Managed Growth and Income Fund
Select Shares
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<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
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<RECEIVABLES> 2,244,794
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<EXPENSES-NET> 893,472
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> Managed Series Trust
Federated Managed Growth Fund
Institutional Shares
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
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<OVERDISTRIBUTION-GAINS> 0
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<NET-CHANGE-IN-ASSETS> 63,745,452
<ACCUMULATED-NII-PRIOR> 252,009
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> Managed Series Trust
Federated Managed Growth Fund
Select Shares
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<PERIOD-END> Nov-30-1995
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</TABLE>
<TABLE> <S> <C>
<S> <C>
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<SERIES>
<NUMBER> 041
<NAME> Managed Series Trust
Federated Managed Aggressive Growth Fund
Institutional Shares
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<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
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</TABLE>
<TABLE> <S> <C>
<S> <C>
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<SERIES>
<NUMBER> 042
<NAME> Managed Series Trust
Federated Managed Aggressive Growth Fund
Select Shares
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<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
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</TABLE>
