Exhibit d(xiv) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
ASSIGNMENT of
INVESTMENT ADVISORY CONTRACT
Federated Growth Strategies Fund
THIS ASSIGNMENT is entered into as of January 1, 2004 by and between
FEDERATED INVESTMENT MANAGEMENT COMPANY, a Delaware statutory trust ("FIMC"),
and FEDERATED EQUITY MANAGEMENT COMPANY OF PENNSYLVANIA, a Delaware statutory
trust ("FEMCOPA").
WHEREAS, FIMC, then known as Federated Management, entered into an
Investment Advisory Contract dated as of August 1, 1989 with Federated Growth
Trust, now known as Federated Growth Strategies Fund (the "Fund"), a portfolio
of Federated Equity Funds (the "Trust"), and an amendment thereto with the Trust
dated as of June 1, 2001 (collectively, the "Contract");
WHEREAS, FIMC desires to assign its rights, duties and
responsibilities under the Contract to FEMCOPA, and FEMCOPA desires to
accept such assignment from FIMC; and
WHEREAS, the Board of Trustees of the Trust has approved the assignment of
the Contract from FIMC to FEMCOPA;
KNOW ALL MEN BY THESE PRESENTS THAT:
In consideration of the sum of One Dollar ($1.00) and other good and
valuable consideration, receipt of which is hereby acknowledged, FIMC does
hereby assign all of its rights, duties and responsibilities under the Contract
described above to FEMCOPA, and FEMCOPA does hereby accept such assignment.
IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be
executed by their authorized representatives as of the date first hereinabove
set forth.
FEDERATED INVESTMENT FEDERATED EQUITY MANAGEMENT
MANAGEMENT COMPANY COMPANY OF PENNSYLVANIA
By: /s/ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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Name: ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: Vice President Title: President