UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM 24F-2
                        ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24F-2

            Read instructions at end of Form before preparing Form.
                             Please print or type.

1.     Name and address of issuer:

                     Federated American Leaders Fund, Inc.
                              Federated Investors
                              1001 Liberty Avenue
                      Pittsburgh, Pennsylvania 15222-3779

2.     The name of each series or class of securities for which this Form is
       filed (If the Form is being filed for all series and classes of
       securities of the issuer, check the box but do not list series or
       classes):                     [ X ]

3.     Investment Company Act File Number:811-1704


       Securities Act File Number:        2-29786





4(a).  Last day of fiscal year for which this Form is filed:   March 31, 2007



4(b).  [   ] Check box if this Form is being filed late (i.e., more than 90
       calendar days after the end of the issuer's fiscal year).  (See
       Instruction A.2)

Note:  If the Form is being filed late, interest must be paid on the
registration fee due.




4(c).  [   ]  Check box if this is the last time the issuer will be filing this
Form.






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5.     Calculation of registration fee:
       (i)   Aggregate sale price of securities sold during
the fiscal year pursuant to section 24(f):                     $467,293,988

       (ii)  Aggregate price of securities redeemed or
repurchased during the fiscal year:                 $740,436,478

       (iii) Aggregate price of securities redeemed or
repurchased during any prior fiscal year
ending no earlier than October 11, 1995 that
were not previously used to reduce registration
fees payable to the Commission:                   $1,127,308,920

       (iv)  Total available redemption credits [add Items 5(ii)
and 5(iii)]:  $1,867,745,398

       (v)   Net sales -- if Item 5(i) is greater than Item 5(iv)
[subtract Item 5(iv) from Item 5(i)]:                                    $0

       (vi)  Redemption credits available for use in future years
- -- if Item 5(i) is less than Item 5(iv) [subtract
Item 5(iv) from Item 5(i)]:                       $(1,400,451,410)

       (vii) Multiplier for determining registration fee
(See Instruction C.9):                                              x0.0000307

       (viii)Registration fee due [multiply Item 5(v) by Item
5(vii)] (enter "0" if no fee is due):                                    = $0

6.     Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities
       that were registered under the Securities Act of 1933 pursuant to rule
       24e-2 as in effect before [effective date of rescission of rule 24e-2],
       then report the amount of securities (number of shares or other units)
       deducted here:   -   .  If there is a number of shares or other units
       that were registered pursuant to rule 24e-2 remaining unsold at the end
       of the fiscal year for which this form is filed that are available for
       use by the issuer in future fiscal years, then state that number here:
       -   .
7.     Interest due -- if this Form is being filed more than 90 days after the
                          end of the issuer's fiscal year (see Instruction D):
       + $0
8.     Total of the amount of the registration fee due plus any interest due
       [line 5(viii) plus
line 7]:                                                         = No Fee Due
9.     Date the registration fee and any interest payment was sent to the
       Commission's lockbox depository:
       Method of Delivery:
             [   ]  Wire Transfer
             [   ]  Mail or other means





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                                   SIGNATURES


This Form has been signed below by the following persons on behalf of the issuer
             and in the capacities and on the dates indicated.


By (Signature and Title)*  /s/ Deborah M. Molini
                    Deborah M. Molini, Assistant Treasurer


Date:  June 20, 2007


*      Please print the name and title of the signing officer below the
signature.




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