EXHIBIT 16.2

                               POWER OF ATTORNEY


      Each  person whose signature appears below hereby constitutes and appoints
the Secretary  and Assistant Secretaries of FEDERATED MUNICIPAL SECURITIES FUND,
INC, 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  Vermont Municipal
Income  Fund, a portfolio of Federated Municipal Securities Income  Trust,  into
Federated   Municipal   Securities   Fund,  Inc.,  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                      Director                       May 30, 2007



/S/ J. Christopher Donahue
J. Christopher Donahue               President and Director         May 30, 2007
                                     (Principal Executive Officer)



/S/ Richard A. Novak
Richard A. Novak                     Treasurer                      May 30, 2007
                                     (Principal Financial Officer)



/S/ Thomas G. Bigley
Thomas G. Bigley                     Director                       May 30, 2007



/S/ John T. Conroy, Jr.
John T. Conroy, Jr.                  Director                       May 30, 2007



/S/ Nicholas P. Constantakis
Nicholas P. Constantakis             Director                       May 30, 2007



/S/ John F. Cunningham
John F. Cunningham                   Director                       May 30, 2007



/S/ Lawrence D. Ellis, M.D.
Lawrence D. Ellis, M.D.              Director                       May 30, 2007



/S/ Peter E. Madden
Peter E. Madden                      Director                       May 30, 2007



/S/ Charles F. Mansfield, Jr.
Charles F. Mansfield, Jr.            Director                       May 30, 2007



/S/ John E. Murray, Jr.
John E. Murray, Jr.                  Director                       May 30, 2007



/S/ Thomas M. O'Neill
Thomas M. O'Neill                    Director                       May 30, 2007



/S/ Marjorie P. Smuts
Marjorie P. Smuts                    Director                       May 30, 2007



/S/ John S. Walsh
John S. Walsh                        Director                       May 30, 2007



/S/ James F. Will
James F. Will                        Director                       May 30, 2007