EXHIBIT 16.1


                           POWER OF ATTORNEY


      Each person whose signature  appears below hereby  constitutes and
appoints the  Secretary  and  Assistant  Secretaries  of  FEDERATED  MDT
SERIES 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  Large Cap Growth  Fund,  a  portfolio  of
Federated  Equity  Funds,  into  Federated  MDT Large Cap Growth Fund, a
portfolio  of  Federated   MDT  Series,   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
- ---------------------------------
John F. Donahue                     Trustee                      April 3, 2007



/S/ J. Christopher Donahue
J. Christopher Donahue              President and Trustee
                                    (Principal Executive Officer)April 3, 2007



/S/ Richard A. Novak
Richard A. Novak                    Treasurer
                                    (Principal Financial Officer)April 3, 2007



/S/ Thomas G. Bigley
Thomas G. Bigley                    Trustee                      April 3, 2007



/S/ John T. Conroy, Jr.
John T. Conroy, Jr.                 Trustee                      April 3, 2007



/S/ Nicholas P. Constantakis
Nicholas P. Constantakis            Trustee                      April 3, 2007



/S/ John F. Cunningham
John F. Cunningham                  Trustee                      April 3, 2007


Federated MDT Series - Power of Attorney for Merger of Federated Large
Cap Growth Fund into Federated MDT Large Cap Growth Fund
Page 2




/S/ Lawrence D. Ellis, M.D.
Lawrence D. Ellis, M.D.             Trustee                      April 3, 2007



/S/ Peter E. Madden
- ---------------------------------
Peter E. Madden                     Trustee                      April 3, 2007



/S/ Charles F. Mansfield, Jr.
Charles F. Mansfield, Jr.           Trustee                      April 3, 2007



/S/ John E. Murray, Jr.
John E. Murray, Jr.                 Trustee                      April 3, 2007



/S/ Marjorie P. Smuts
Marjorie P. Smuts                   Trustee                      April 3, 2007



/S/ John S. Walsh
John S. Walsh                       Trustee                      April 3, 2007



/S/ James F. Will
James F. Will                       Trustee                      April 3, 2007



/S/ Thomas M. O'Neill
Thomas M. O'Neill                   Trustee                      April 3, 2007