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      PAGE  2
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      PAGE  3
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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      PAGE  8
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      PAGE  9
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SIGNATURE   STEVE KEANE
TITLE       GENERAL COUNSEL

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE>                         6
<CIK>                             0000807607
<NAME>                            Federated Municipal Opportunities Fund, Inc.

     <NUMBER>                     011
     <NAME>                       Federated Municipal Opportunities Fund, Inc. - Class A

                               
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Aug-31-2000
<PERIOD-END>                      Feb-29-2000
<INVESTMENTS-AT-COST>             399,117,159
<INVESTMENTS-AT-VALUE>            386,432,354
<RECEIVABLES>                     7,517,203
<ASSETS-OTHER>                    0
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<OVERDISTRIBUTION-NII>            0
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<OVERDISTRIBUTION-GAINS>          0
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<PER-SHARE-NAV-END>               9.630
<EXPENSE-RATIO>                   1.09
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE>                         6
<CIK>                             0000807607
<NAME>                            Federated Municipal Opportunities Fund, Inc.

     <NUMBER>                     012
     <NAME>                       Federated Municipal Opportunities Fund, Inc. - Class B

                               
<PERIOD-TYPE>                     6-MOS
<FISCAL-YEAR-END>                 Aug-31-2000
<PERIOD-END>                      Feb-29-2000
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<INVESTMENTS-AT-VALUE>            386,432,354
<RECEIVABLES>                     7,517,203
<ASSETS-OTHER>                    0
<OTHER-ITEMS-ASSETS>              0
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<PAYABLE-FOR-SECURITIES>          0
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<OVERDISTRIBUTION-NII>            0
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<OVERDISTRIBUTION-GAINS>          0
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<EXPENSE-RATIO>                   1.84
[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE>                         6
<CIK>                             0000807607
<NAME>                            Federated Municipal Opportunities Fund, Inc.

     <NUMBER>                     013
     <NAME>                       Federated Municipal Opportunities Fund, Inc. - Class C

                               
<PERIOD-TYPE>                     6-MOS
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<PERIOD-END>                      Feb-29-2000
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[AVG-DEBT-OUTSTANDING]            0
[AVG-DEBT-PER-SHARE]              0.000



 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE>                         6
<CIK>                             0000807607
<NAME>                            Federated Municipal Opportunities Fund, Inc.

     <NUMBER>                     014
     <NAME>                       Federated Municipal Opportunities Fund, Inc. - Class F

                               
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