Exhibit (o)(viii) under Form N-1A
                                              Exhibit 24 under Item 601/Reg. S-K


                               POWER OF ATTORNEY


      Each  person whose signature appears below hereby constitutes and appoints
the Secretary and Assistant Secretaries of FEDERATED AMERICAN LEADERS 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 any and all documents to be filed with
the Securities and Exchange  Commission  pursuant to the Securities Act of 1933,
the Securities Exchange Act of 1934 and the  Investment  Company Act of 1940, by
means of the Securities and Exchange Commission's electronic  disclosure  system
known  as  EDGAR;  and  to  file  the  same, with all exhibits thereto and other
documents in connection therewith, with  the Securities and Exchange Commission,
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.


SIGNATURE                            TITLE                                  DATE

/s/ Thomas O'Neill                   Director                    October 1, 2006
Thomas O'Neill