SUB-ITEM 77Q1(c): Exhibits
ASSIGNMENT of
INVESTMENT ADVISORY CONTRACT
Federated Capital Income Fund
THIS ASSIGNMENT is entered into as of January 1, 2004 by and
between Passport RESEARCH, LTD., a Pennsylvania limited partnership
("Passport"), and PASSPORT RESEARCH II, LTD., a Pennsylvania limited
partnership ("Passport II").
WHEREAS, Passport entered into an Investment Advisory Contract
dated as of December 1, 2002 (the "Contract") with Federated Income
Securities Trust (the "Trust") with respect to Federated Capital Income
Fund (the "Fund"), a portfolio of the Trust;
WHEREAS, Passport desires to assign its rights, duties and
responsibilities under the Contract to Passport II, and Passport II
desires to accept such assignment from Passport; and
WHEREAS, the Board of Trustees of the Trust has approved the
assignment of the Contract from Passport to Passport II;
KNOW ALL MEN BY THESE PRESENTS THAT:
In consideration of the sum of One Dollar ($1.00) and other good
and valuable consideration, receipt of which is hereby acknowledged,
Passport does hereby assign all of its rights, duties and
responsibilities under the Contract described above to Passport II, and
Passport II does hereby accept such assignment.
IN WITNESS WHEREOF, the parties hereto have caused this
Assignment to be executed by their authorized representatives as of the
date first hereinabove set forth.
PASSPORT RESEARCH, LTD. PASSPORT RESEARCH II, LTD.
By: Federated Investment Management
By: Federated Equity Management Company
Company, General Partner of Pennsylvania, General Partner
By: /s/ G. Xxxxxx Xxxxxxxxx By: /s/ Xxxxx X. Xxxxxxxxx
Name: G. Xxxxxx Xxxxxxxxx Name: Xxxxx X. Xxxxxxxxx
Title: Vice President Title: President
