Agreement for Administrative Services This contract is for federated funds only. (revised as of 12/01/08)

Exhibit 23(h)12 under Form N-1A

Exhibit 10 under Item 601/Reg. S-K

Agreement for Administrative Services

EXHIBIT 1

This contract is for federated funds only.

(revised as of 12/01/08)

CONTRACT

DATE                      INVESTMENT COMPANY

11/1/03                      Federated Income Securities Trust

9/1/08                                Federated Prudent Global Income Fund

9/1/08                                           Class A Shares

9/1/08                                           Class C Shares

9/1/08                                           Institutional Shares