Independent Auditors' Consent




Pension and Profit Sharing Committee
Federated Department Stores, Inc.
Profit Sharing 401(k) Investment Plan:

We consent to incorporation by reference in the Registration
Statement (No.33-51907) on Form S-8 of Federated Department
Stores, Inc. of our report dated June 26, 2000, related to
the statements of net assets available for benefits of the
Federated Department Stores, Inc. Profit Sharing 401(k)
Investment Plan as of December 31, 1999 and 1998, and the
related statements of changes in net assets available for
benefits for the years then ended, which report appears in
the December 31, 1999 annual report on Form 11-K of the
Federated Department Stores, Inc. Profit Sharing 401(k)
Investment Plan.




                                   KPMG LLP


Cincinnati, Ohio
June 26, 2000