SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

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[   ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12

Federated Equity Funds

 (Name of Registrant as Specified In Its Charter)

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[   ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

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Filed by:  Federated Equity Funds

Filed Pursuant to Rule 425 under the Securities Act of 1933 and filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934

Subject Company:  Federated American Leaders Fund, Inc.

Commission File No. 811-1704

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Federated American Leaders Fund, Inc. recently contacted you regarding a Special Meeting of Shareholders to be held on September 16th, 2009. The Fund’s records indicate that we have not received your vote. We urge you to vote as soon as possible in order to allow the Fund to obtain a sufficient number of votes to hold the Meeting as scheduled.

1-866- 615-7269

Voting is

very important.

Please vote now to be sure your vote is received in time for the September 16th, 2009

Special Meeting of Shareholders.

Federated American Leaders Fund, Inc. has made it very easy for you to vote.  Choose one of the following methods:

·   Speak to a live Proxy Specialist by calling the number above.  We can answer any of your questions and record your vote. (open: M-F 9:30am – 9pm, Sat 10am – 6pm ET)

·   Log on to the website noted on your proxy card and enter your control number printed on the card and vote by following the on-screen prompts.

·   Call the phone number on the proxy card and enter the control number printed on the card and follow the touchtone prompts.

·   Mail in your signed proxy card in the envelope provided.

Voting takes only a few minutes.

PLEASE VOTE TODAY