Press Releases

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Format(s)			Title, Date, Description
			Federated Investors, Inc. Reports Third Quarter 2006 Earnings Oct. 26, 2006 Federated Investors, Inc. reported earnings per diluted share from continuing operations (EPS) of $0.43 for the quarter ended Sept. 30, 2006.
			Federated Investors, Inc. Reports Second Quarter 2006 Earnings Jul. 27, 2006 Federated Investors, Inc. reported earnings per diluted share (EPS) of $0.47 for the quarter ended June 30, 2006.
			Federated Investors, Inc. Acquires $6.7 Billion MDT Advisers, a Leading Quantitative Equity Manager Jul. 17, 2006 Federated Investors, Inc., today announced the completion of the acquisition of Cambridge, Mass.-based MDTA LLC.
			Federated Investors' Mutual Funds to Acquire $93 Million in Municipal Fund Assets from Sentinel Funds Jun. 22, 2006 Federated Investors, Inc., today announced a definitive agreement with Sentinel Asset Management.
			Federated Investors, Inc. Reports First Quarter 2006 Earnings Apr. 27, 2006 Federated Investors, Inc. reported earnings per diluted share of $0.45 for the quarter ended March 31, 2006.
			Federated Investors, Inc. Announces Fourth Quarter and Year-End 2005 Earnings Jan. 26, 2006 Federated Investors, Inc. reported earnings per diluted share (EPS) from continuing operations of $0.48 for the quarter ended Dec. 31, 2005.

Ed Costello
(412) 288-7538
ecostello@federatedinv.com

Meghan McAndrew
(412) 288-8103
mmcandrew@federatedinv.com

Melissa Ryan
(412) 288-8079
mryan@federatedinv.com