N-CSR Item 11(b) - Exhibits: Certifications

                          SECTION 906 CERTIFICATION

Pursuant to 18 U.S.C.ss.  1350, the  undersigned  officers of Federated  Managed
Allocation  Portfolios on behalf of:  Federated  Conservative  Allocation  Fund,
Federated  Growth  Allocation  Fund,  Federated  Moderate  Allocation  Fund (the
"Registrant"),   hereby  certify,  to  the  best  of  our  knowledge,  that  the
Registrant's  Report  on Form  N-CSR  for the  period  ended  May 31,  2004 (the
"Report")  fully complies with the  requirements  of Section 13(a) or 15(d),  as
applicable,  of the Securities and Exchange Act of 1934 and that the information
contained in the Report fairly presents, in all material respects, the financial
condition and results of operations of the Registrant.


Dated:  July 22, 2004

/s/ J. Christopher Donahue

Title: President, Principal Executive Officer



Dated:  July 22, 2004

/s/ Richard J. Thomas

Title: Treasurer, Principal Financial Officer

This certification is being furnished solely pursuant to 18 U.S.C.ss. 1350 and
is not being filed as part of the Report or as a separate disclosure document.