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Federated Investors Inc.



Federated Investors, along with its consolidated subsidiaries, is a provider of investment management products and related financial services. Federated sponsors, markets and provides investment-related services to various investment products, as well as mutual funds and separately managed accounts. Federated provided investment advisory services to 133 Federated-sponsored funds during the year ended December 2004. Federated's investment advisory subsidiaries managed 53 money market funds, 46 fixed-income funds and 34 equity funds. The company also provides a broad range of services to support the operation, administration and distribution of Federated-sponsored funds. These services provided consist of administrative services, shareholder servicing and general support. Federated reached an agreement to acquire the cash management business of Alliance Capital Management L.P. during the year end 2004.


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