<PAGE> PAGE 1
000 B000000 07/31/1999
000 C000000 0000925723
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FEDERATED INSTITUTIONAL TRUST
001 B000000 811-07193
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
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002 D010000 15222
002 D020000 3779
003 000000 N
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007 C010700 7
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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
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
<PAGE> PAGE 2
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 BOSTON
013 B02AA01 MA
013 B03AA01 02116
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8600
015 E01AA01 X
015 A00AA02 BANKERS TRUST CO.
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10015
015 E01AA02 X
015 A00AA03 BANK OF NEW YORK
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10006
015 E01AA03 X
015 A00AA04 THE CHASE MANHATTAN CORP.
015 B00AA04 S
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015 C02AA04 NY
015 C03AA04 10006
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015 A00AA05 MORGAN GUARANTY BANK & TRUST CO.
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015 C02AA05 NY
015 C03AA05 10015
015 E01AA05 X
015 A00AA06 NATIONSBANK OF NORTH CAROLINA
015 B00AA06 S
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<PAGE> PAGE 3
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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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080 A00AA00 LLOYD'S OF LONDON
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<PAGE> PAGE 10
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SIGNATURE STEVE KEANE
TITLE ASST. GEN. COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000925723
<NAME> Federated Institutional Trust
<SERIES>
<NUMBER> 001
<NAME> Federated Institutional Short Duration Government Fund
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Jul-31-1999
<PERIOD-END> Jul-31-1999
<INVESTMENTS-AT-COST> 184,414,393
<INVESTMENTS-AT-VALUE> 184,056,884
<RECEIVABLES> 23,035,638
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 207,092,522
<PAYABLE-FOR-SECURITIES> 20,430,550
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 300,208
<TOTAL-LIABILITIES> 20,730,758
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 188,025,370
<SHARES-COMMON-STOCK> 93,881,984
<SHARES-COMMON-PRIOR> 58,957,835
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (958)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,305,139)
<ACCUM-APPREC-OR-DEPREC> (357,509)
<NET-ASSETS> 186,361,764
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,430,446
<OTHER-INCOME> 0
<EXPENSES-NET> (474,265)
<NET-INVESTMENT-INCOME> 9,956,181
<REALIZED-GAINS-CURRENT> (1,275,123)
<APPREC-INCREASE-CURRENT> (342,432)
<NET-CHANGE-FROM-OPS> 8,338,626
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,957,683)
<DISTRIBUTIONS-OF-GAINS> (61,004)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 184,938,794
<NUMBER-OF-SHARES-REDEEMED> (153,728,509)
<SHARES-REINVESTED> 3,713,864
<NET-CHANGE-IN-ASSETS> 68,429,639
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 54,397
<OVERDISTRIB-NII-PRIOR> (22,865)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 766,423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,156,267
<AVERAGE-NET-ASSETS> 191,605,703
<PER-SHARE-NAV-BEGIN> 2.000
<PER-SHARE-NII> 0.100
<PER-SHARE-GAIN-APPREC> (0.010)
<PER-SHARE-DIVIDEND> (0.100)
<PER-SHARE-DISTRIBUTIONS> (0.000)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.990
<EXPENSE-RATIO> 0.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
To the Board of Trustees and Shareholders of
Federated Institutional Short Duration Government Fund:
In planning and performing our audit of the financial statements of the
Federated Institutional Short Duration Government Fund for the year ended
July 31, 1999, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control.
The management of the Federated Institutional Short Duration Government
Fund is responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain
to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of assets
against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design
and operation may deteriorate.
Our consideration of the internal control would not necessarily disclose all
matters in the internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not
reduce to a relatively low level the risk that errors or fraud in amounts
that would be material in relation to the financial statements being audited
may occur and not be detected within a timely period by employees in the
normal course of performing their assigned functions. However, we noted
no matters involving the internal control and its operation, including
controls for safeguarding securities, that we consider to be material
weaknesses as defined above at July 31, 1999.
This report is intended solely for the information and use of the Board of
Trustees and Shareholders of the Federated Institutional Short Duration
Government Fund and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
Boston, Massachusetts
September 21, 1999
Item 77 C -- Submission of Matters to a Vote of Security Holders
A Special Meeting of Shareholders of Federated Institutional Short Duration
Government Fund was held on June 21, 1999. The following items, which are
required to be reported under this Item 77C, were approved at the meeting:
1. ELECTION OF DIRECTORS.
Shares Voted Affirmatively
Shares Withheld
Thomas G. Bigley
99,682,772
35,000
Nicholas P. Constantakis
99,682,772
35,000
John F. Cunningham
99,682,772
35,000
J. Christopher Donahue
99,682,772
35,000
Charles F. Mansfield, Jr.
99,682,772
35,000
John E. Murray, Jr., J.D.
99,682,772
35,000
John S. Walsh
99,682,772
35,000
2. TO RATIFY THE SELECTION OF ERNST & YOUNG LLP, AS THE FUND'S INDEPENDENT
AUDITORS.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
95,923,435
0
3,794,337
3. TO MAKE CHANGES TO THE FUND'S FUNDAMENTAL INVESTMENT POLICIES:
a. To approve amending the Fund's fundamental investment policy regarding
diversification.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
91,093,908
288,428
4,567,261
b. To approve amending the Fund's fundamental investment policy regarding
borrowing money and issuing senior securities.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,856,358
1,525,977
4,567,261
c. To approve amending the Fund's fundamental investment policy regarding
investments in real estate.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,821,358
1,560,977
4,567,261
d. To approve amending the Fund's fundamental investment policy concerning
investments in commodities.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,821,358
1,560,977
4,567,261
e. To approve amending the Fund's fundamental investment policy regarding
underwriting securities.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
90,629,282
1,525,977
3,794,337
f. To approve amending the Fund's fundamental investment policy regarding
lending by the Fund.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,962,156
1,415,679
4,571,761
g. To approve amending the Fund's fundamental investment policy regarding
concentration of the Fund's investments in the securities of companies
in the same industry.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
90,589,782
1,560,977
3,798,837
h. To approve amending and making non-fundamental, the Fund's fundamental
investment policy regarding buying securities on margin.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,851,858
2,298,901
3,798,837
i. To approve amending and making non-fundamental, the Fund's fundamental
investment policy regarding pledging assets.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,851,858
2,298,901
3,798,837
4. To approve eliminating the Fund's fundamental investment policy on
selling securities short.
SHARES VOTED AFFIRMATIVELY
SHARES VOTED NEGATIVELY
SHARES ABSTAINING
89,851,858
2,298,901
3,798,837
The Definitive Proxy Statement for the Special (Annual) Meeting held on
June 21, 1999 was filed with the Securities and Exchange Commission on
May 6, 1999, and is incorporated by reference. (File No. 811- 07193)
Current as of: 8/18/94
