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

                            SECTION 906 CERTIFICATION

Pursuant to 18 U.S.C.ss.  1350, the undersigned  officers of Federated Stock and
Bond  Fund,  Inc.  (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.