POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints the Secretary and Assistant Secretaries of FEDERATED STOCK AND BOND FUND and each of them, their true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution for them and in their names, place and stead, in any and all capacities, to sign the Registration Statement on Form N-14 relating to the proposed reorganization of Federated Target ETF Fund 2015, Federated Target ETF Fund 2025, and Federated Target ETF Fund 2035, portfolios of Federated Managed Allocation Portfolios, into Federated Stock and Bond Fund, and any amendments to the Registration Statement, including post-effective amendments; and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission by means of the Securities and Exchange Commission's electronic disclosure system known as EDGAR, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to sign and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as each of them might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof.
SIGNATURES TITLE DATE
/S/ John F. Donahue February 12, 2009
John F. Donahue Trustee
/S/ J. Christopher Donahue February 12, 2009
J. Christopher Donahue President and Trustee
(Principal Executive Officer)
/S/ Richard A. Novak February 12, 2009
Richard A. Novak Treasurer
(Principal Financial Officer)
/S/ Thomas G. Bigley February 12, 2009
Thomas G. Bigley Trustee
/S/ John T. Conroy, Jr. February 12, 2009
John T. Conroy, Jr. Trustee
/S/ Nicholas P. Constantakis February 12, 2009
Nicholas P. Constantakis Trustee
/S/ John F. Cunningham February 12, 2009
John F. Cunningham Trustee
/S/ Peter E. Madden February 12, 2009
Peter E. Madden Trustee
/S/ Charles F. Mansfield, Jr. February 12, 2009
Charles F. Mansfield, Jr. Trustee
/S/ R. James Nicholson February 12, 2009
R. James Nicholson Trustee
/S/ Thomas M. O’Neill February 12, 2009
Thomas M. O’Neill Trustee
/S/ John S. Walsh February 12, 2009
John S. Walsh Trustee
/S/ James F. Will February 12, 2009
James F. Will Trustee
