N-CSR Item 12(b) - Exhibits: Certifications

                            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 Kaufmann Fund,
Federated Kaufmann Small Cap Fund, Federated Large Cap Growth Fund, Federated
Market Opportunity Fund, Federated Mid Cap Growth Strategies Fund, Federated
Technology 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: January 24, 2006

/s/ J. Christopher Donahue
Name:  J. Christopher Donahue
Title: President, Principal Executive Officer



Dated: January 24, 2006

/s/ Richard A. Novak
Name:  Richard A. Novak
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.