Report of Independent Registered
Public Accounting Firm

To the Shareholders and
Board of Directors of
Federated American Leaders Fund, Inc.

In planning and performing our audit
of the financial statements of
Federated American Leaders Fund, Inc.
(the "Fund") as of and for the year
ended March 31, 2007, in accordance
with the standards of the Public
Company Accounting Oversight Board
(United States), we considered its
internal control over financial
reporting, including control activities
for safeguarding securities, as
a basis for designing our auditing
procedures for the purpose of expressing
our opinion on the financial
statements and to comply with the
requirements of Form N-SAR, but not
for the purpose of expressing an opinion
on the effectiveness of the
Fund's internal control over financial
reporting.  Accordingly,
we express no such opinion.

The management of the Fund is
responsible for establishing and maintaining
effective internal control over
financial reporting.  In fulfilling this
responsibility, estimates and judgments
by management are required
to assess the expected benefits and
related costs of controls. A company's
internal control over financial
reporting is a process designed to
provide reasonable assurance regarding
the reliability of financial
reporting and the preparation of financial
statements for external purposes
in accordance with generally
accepted accounting principles.
Such internal control includes
policies and procedures that provide
reasonable assurance regarding prevention
or timely detection of
unauthorized acquisition, use or
disposition of a company's assets
that could have a material effect on
the financial statements.

Because of its inherent limitations,
internal control over financial
reporting may not prevent or detect
misstatements. Also, projections of
any evaluation of effectiveness to
future periods are subject to the risk
that controls may become inadequate
because of changes in conditions,
or that the degree of compliance
with the polices or procedures may deteriorate.

A control deficiency exists when the
design or operation of a control
does not allow management or
employees, in the normal course of
performing their assigned functions,
to prevent or detect misstatements
on a timely basis.  A significant
deficiency is a control deficiency,
or combination of control deficiencies,
that adversely affects the company's
ability to initiate, authorize, record,
process or report external financial
data reliably in accordance with generally
accepted accounting principles
such that there is more than a
remote likelihood that a misstatement
of the company's annual or interim
financial statements that is more
than inconsequential will not be
prevented or detected.  A material
weakness is a significant deficiency, or
combination of significant deficiencies,
that results in more than a remote
likelihood that a material
misstatement of the annual or interim
financial statements will be
not prevented or detected.

Our consideration of the Fund's internal
control over financial reporting
was for the limited purpose
described in the first paragraph and
would not necessarily disclose all
deficiencies in internal control that
might be significant deficiencies or
material weaknesses under standards
established by the Public
Company Accounting Oversight
Board (United States).  However, we
noted no deficiencies in the Fund's
internal control over financial reporting
and its operation, including controls
for safeguarding securities,
that we consider to be a material weakness
as defined above as of March 31, 2007.





This report is intended solely for the
information and use of management and
the Board of Directors of the
Fund and the Securities and Exchange
Commission and is not intended to
be and should not be used by
anyone other than these specified parties.




/s/ERNST & YOUNG LLP


Boston, Massachusetts
May 17, 2007