SUB-ITEM 77Q1(e): Exhibits
ASSIGNMENT of
INVESTMENT ADVISORY CONTRACT
Federated Muni and Stock Advantage Fund
THIS ASSIGNMENT is entered into as of January 1, 2004 by and
between FEDERATED INVESTMENT MANAGEMENT COMPANY, a Delaware statutory
trust ("FIMC"), and FEDERATED EQUITY MANAGEMENT COMPANY OF
PENNSYLVANIA, a Delaware statutory trust ("FEMCOPA").
WHEREAS, FIMC, then known as Federated Management, entered into
an Investment Advisory Contract dated as of December 31, 1991 and an
amendment thereto dated as of June 1, 2001 with Federated Income
Securities Trust, a Massachusetts business trust (the "Trust"), and an
Exhibit D thereto dated September 1, 2003 making the Contract
applicable to Federated Muni and Stock Advantage Fund, portfolio of the
Trust (the "Fund"). Said Investment Advisory Contract as so amended,
but only with respect to the aforesaid Fund, is herein referred to
collectively as the "Contract".
WHEREAS, FIMC desires to assign to FEMCOPA its rights, duties and
responsibilities with under the Contract respect to the Fund named
above, and FEMCOPA desires to accept such assignment from FIMC; and
WHEREAS, the Board of Trustees of the Trust has approved the
assignment of the Contract with respect to the Fund from FIMC to
FEMCOPA;
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,
FIMC does hereby assign to FEMCOPA all of its rights, duties and
responsibilities with respect to the Fund named above under the
Contract described above, and FEMCOPA 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.
FEDERATED INVESTMENT FEDERATED EQUITY MANAGEMENT
MANAGEMENT COMPANY COMPANY OF PENNSYLVANIA
By: /s/ G. Xxxxxx Xxxxxxxxx By: /s/ Xxxxx X. Xxxxxxxxx
Name: G. Xxxxxx Xxxxxxxxx Name: Xxxxx X. Xxxxxxxxx
Title: Vice President Title: President
