EX-99.CONSENT 5 consent.txt Exhibit (j) under Form N-1A Exhibit 23 under Item 601/Reg. S-K CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the references to our firm under the captions "Financial Highlights" in the Class A, Class B, Class C, and Class F Shares' Prospectus and Class K Shares Prospectus and "Independent Registered Public Accounting Firm" in the Class A, Class B, Class C, Class F, and Class K Shares' Statement of Additional Information in Post-Effective Amendment Number 76 to the Registration Statement (Form N-1A, No. 2-29786) of Federated American Leaders Fund, Inc. and to the incorporation by reference of our report dated May 17, 2007 on Federated American Leaders Fund, Inc. included in the Annual Report to Shareholders for the fiscal year ended March 31, 2007. /s/ Ernst & Young LLP Boston, Massachusetts May 23, 2007