FEDERTED AMERICAN LEADERS FUND, INC.

                            Federated Investors Funds
                              5800 Corporate Drive
                       Pittsburgh, Pennsylvania 15237-7000

                                  June 2, 2004


EDGAR Operations Branch
Securities and Exchange Commission
Division of Investment Management
450 Fifth Street, Northwest
Washington, DC  20549


RE:  FEDERATED AMERICAN LEADERS FUND, INC. (the "Fund")
         Class A Shares
         Class B Shares
         Class C Shares
         Class F Shares
         Class K Shares

      1933 Act File No. 2-29786
      1940 Act File No. 811-1704


Dear Sir or Madam:

     Pursuant to Rule 497(j) of the Securities Act of 1933, the above-referenced
Fund hereby certifies that the definitive forms of Prospectuses and Statement of
Additional Information dated May 31, 2004, that would have been filed under Rule
497(c), do not differ from the forms of Prospectuses and Statement of Additional
Information  contained in the most recent  Registration  Statement for the Fund.
This  Registration  Statement  was  electronically  filed  under Rule  485(b) as
Post-Effective amendment No. 73 on June 1, 2004.

     If you have any questions regarding this  certification,  please contact me
at (412) 288-3310.



                                                Very truly yours,


                                                /s/ Nelson W. Winter
                                                Nelson W. Winter
                                                Assistant Secretary