FEDERATED EQUITY FUNDS
Federated Investors Funds
4000 Ericsson Drive
Warrendale, Pennsylvania 15086-7561
July 24, 2013
Jeff Foor
U.S. Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, DC 20549-4720
RE: FEDERATED EQUITY FUNDS (the “Trust” or “Registrant”)
Federated InterContinental Fund (the “Fund”)
Class R6 Shares
1933 Act File No. 2-91090
1940 Act File No. 811-4017
Dear Mr. Foor:
The Registrant is filing this correspondence to respond to your July 5, 2013 comments on its Rule 485(a) Post-Effective Amendment No. 135 and Amendment No. 129, with respect to the Fund, submitted via EDGAR on June 4, 2013.
| 1. | In response to your comment #1, the Adviser confirms that the Fee Table footnote number 1 will incorporate a Fee Limit end-date that is a minimum of one year from the effective date of the Prospectus. |
| 2. | In response to your comment #2, in the section “What are the Fund’s Main Investment Strategies?”, the “hybrid contracts” sentence will be revised to read as follows: “The Fund may invest in hybrid investments (such as notes linked to underlying securities, indices or commodities), or derivative contracts (such as futures, options and swaps), as well as exchange-traded funds (ETFs) to implement its investment strategy and to hedge against losses in the Fund.” |
If you have any questions, please do not hesitate to contact me at (412) 288-8094.
Very truly yours,
/s/ Mark R. Thompson
Mark R. Thompson
Senior Paralegal
