SECTION 906 CERTIFICATION

Pursuant to 18 U.S.C.ss.  1350,  the  undersigned  officers of Federated  Equity
Funds on behalf of Federated Capital  Appreciation  Fund,  Federated  Technology
Fund,  Federated  Mid Cap  Growth  Strategies  Fund,  Federated  Kaufmann  Fund,
Federated  Kaufmann Small Cap Fund,  Federated Large Cap Growth Fund,  Federated
Market Opportunity Fund (the  "Registrant"),  hereby certify, to the best of our
knowledge,  that the  Registrant's  Report on Form  N-CSR for the  period  ended
October 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: December 22, 2004

/s/ J. Christopher Donahue

Title: President, Principal Executive Officer



Dated: December 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.