EX-99

77Q1(a)(i)

		(Amd. #4) file stamped 9/11/2000
	FEDERATED ADJUSTABLE RATE U.S. GOVERNMENT FUND, INC.
		     ARTICLES OF AMENDMENT

	FEDERATED ADJUSTABLE RATE U.S. GOVERNMENT FUND, INC. a Maryland
corporation having post office addresses in the City of Pittsburgh,
Pennsylvania and the City of Baltimore, Maryland (hereinafter called the
"Corporation"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:

	FIRST:  The Articles of Incorporation are hereby amended by striking
Article FIRST and inserting the following in its place:

		"FIRST:  The name of the Corporation is Federated Limited
Duration Government Fund, Inc."

	SECOND:  The Board of Directors, in accordance with the authority
granted under subparagraph (b) of paragraph FOURTH of the Corporation's
Articles of Incorporation, dated March 19, 1991, hereby designates the class
of authorized shares of common stock of the Corporation as:

Federated Limited Duration Government Fund, Inc. Institutional Service Shares

	THIRD:  The forgoing amendment to the charter of the Corporation was
approved by a majority of the entire Board of Directors of the Corporation;
the charter amendment is limited to a change expressly permitted by Section 2-
605 of the Maryland General Law to be made without action by stockholders; and
the Corporation is registered as an open-end company under the Investment
Company Act of 1940, as amended.

	FOURTH:  These Articles of Amendment will become effective immediately
upon filing with the State Department of Assessments and Taxation of Maryland.

	IN WITNESS WHEREOF, Federated Adjustable Rate U.S. Government Fund, Inc.
has caused these presents to be signed in its name and on its behalf by its
Vice President and witnessed by its Assistant Secretary on September 7, 2000.

	The undersigned, Todd A. Abraham, Vice President of the Corporation,
hereby acknowledges in the name and on behalf of the Corporation the foregoing
Articles of Amendment to be its corporate act and further certifies to the
best of his knowledge, information and belief, that the matters and facts set
forth herein with respect to the authorization and approval hereof are true in
all material respects and that this statement is made under the penalties of
perjury.

ATTEST				FEDERATED ADJUSTABLE RATE
				U.S. GOVERNMENT FUND, INC.


/s/ C. Grant Anderson		/s/ Todd A. Abraham
C. Grant Anderson		Todd A. Abraham
Assistant Secretary		Vice President

EX-99

77Q1(a)(ii)
		(Amd. #5) file stamped 9/11/00
		   ARTICLES SUPPLEMENTARY OF
	FEDERATED LIMITED DURATION GOVERNMENT FUND, INC.

FEDERATED LIMITED DURATION GOVERNMENT FUND, INC., a Maryland corporation
having its principal office in the State of Maryland in Baltimore, Maryland
(hereinafter called the "Corporation"), hereby certifies to the State
Department of Assessments and Taxation of Maryland that:

FIRST:  The Board of Directors has classified and reclassified all of
the authorized but unissued shares of common stock of the Corporation such
that the authorized shares are classified into separate classes of common
stock, as follows:

	CLASSES  			   	SHARES

Federated Limited Duration Government Fund,
  Inc. Institutional Service Shares		2,500,000,000
Federated Limited Duration Government Fund,
  Inc. Institutional Shares			2,500,000,000
Aggregate Authorized Shares			5,000,000,000

	SECOND:  The shares of common stock so classified and reclassified
shall have the preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications, and terms and
conditions of redemption as set forth in Article FOURTH, paragraph (b) of the
Corporation's charter, and shall be subject to all provisions of the charter
relating to stock of the Corporation generally.

	THIRD:  The stock has been classified and reclassified by the Board of
Directors under the authority contained in the charter of the Corporation.

	IN WITNESS WHEREOF, the Corporation has caused these presents to be
signed in the name and on its behalf by its Vice President and witnessed by
its Assistant Secretary on September 7, 2000.

	The undersigned, Todd A. Abraham, Vice President of the Corporation,
hereby acknowledges in the name and on behalf of the Corporation the foregoing
Articles Supplementary to be its corporate act and further certifies to the
best of his knowledge, information and belief, that the matters and facts set
forth herein with respect to the authorization and approval hereof are true in
all material respects and that this statement is made under the penalties of
perjury.

ATTEST	FEDERATED LIMITED DURATIONGOVERNMENT FUND, INC.


/s/ C. Grant Anderson		/s/ Todd A Abraham
C. Grant Anderson		Todd A. Abraham
Assistant Secretary		Vice President

EX-99

INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Shareholders of Federated Limited
Duration Government Fund, Inc.:

In planning and performing our audits of the financial statements of
Federated Limited Duration Government Fund, Inc. for the year ended
February 28, 2001, (on which we have issued our report dated April 17,
2001), we considered its internal control, including control activities
for
safeguarding securities, in order to determine our auditing procedures
for the purpose of expressing our opinion on the financial statements
and
to comply with the requirements of Form N-SAR, and not to provide
assurance on the Fund's  internal control.

The management of the Fund is responsible for establishing and
maintaining internal control.  In fulfilling this responsibility,
estimates
and judgments by management are required to assess the expected
benefits and related costs of controls.  Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly presented
in conformity with accounting principles generally accepted in the
United States of America.  Those controls include the safeguarding
of assets against unauthorized acquisition, use, or disposition.

Because of inherent limitations in any internal control, misstatements
due to error or fraud may occur and not be detected.  Also, projections
of any evaluation of internal control to future periods are subject to
the risk that the internal control may become inadequate because
of changes in conditions or that the degree of compliance with
policies or procedures may deteriorate.

Our consideration of the Fund's internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants.  A material weakness is a condition
in which the design or operation of one or more of the internal
control components does not reduce to a relatively low level the risk
that misstatements due to error or fraud in amounts that would be
material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in
the normal course of performing their assigned functions.  However,
we noted no matters involving the Fund's internal control and its
operation, including controls for safeguarding securities that we
consider to be material weaknesses as defined above as of February
28, 2001.

This report is intended solely for the information and use of
management, the Directors and Shareholders of Federated
Limited Duration Government Fund, Inc and the Securities and
Exchange Commission and is not intended to be and should not
be used by anyone other than these specified parties.




April 17, 2001

EX-99

Item 77 C -- Submission of Matters to a Vote of Security Holders

A Special (An Annual) Meeting of Shareholders of Federated Limited Duration
Government Fund, Inc. was held on September 6, 2000. On June 27, 2000, the
record date for shareholders voting at the meeting, there were 10,641,013
total outstanding shares. The following items, which are required to be
reported under this Item 77C, were considered by shareholders and the results
of their voting were as follows:

1.	To make changes to the Fund's fundamental investment objective and
fundamental investment policy:

(a)	To amend the Fund's fundamental investment objective to provide as
follows: "The Fund's investment objective is to provide total
return"; and
(b)	To amend, and make non-fundamental, the Fund's investment policy
regarding acceptable investments to provide as follows: "The Fund
pursues its objective by investing its assets in U.S. government and
government agency securities, including mortgage-backed securities."

For		Against		Abstentions
5,159,606	176,532	        298,787


The Definitive Proxy Statement for the Special (Annual) Meeting held on
September 6, 2000, was filed with the Securities and Exchange Commission on
July 12, 2000, and is incorporated by reference. (File No. 811-6307)

NSAR-B/A

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      PAGE  10
SIGNATURE   STEPHEN A. KEENE
TITLE       GENERAL COUNSEL