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

      PAGE  1
000 B000000 02/28/2001
000 C000000 0000875267
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 FEDERATED LIMITED DURATION GOVT FUND, INC.
001 B000000 811-6307
001 C000000 4122881581
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 FEDERATED INVESTMENT MANAGEMENT COMPANY
008 B000001 A
008 C000001 801-34612
008 D010001 PITTSBURGH
008 D020001 PA
008 D030001 15222
008 D040001 3779
010 A000001 FEDERATED SERVICES COMPANY
010 C010001 PITTSBURGH
010 C020001 PA
010 C030001 15222
010 C040001 3779
011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
011 C010001 PITTSBURGH
011 C020001 PA
011 C030001 15222
011 C040001 3779
      PAGE  2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
012 C010001 PITTSBURGH
012 C020001 PA
012 C030001 15222
012 C040001 3779
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02116
013 B040001 5072
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8600
015 E010001 X
015 A000002 PNC BANK, NA
015 B000002 S
015 C010002 PITTSBURGH
015 C020002 PA
015 C030002 15265
015 E010002 X
015 A000003 NATIONSBANK OF NORTH CAROLINA
015 B000003 S
015 C010003 CHARLOTTE
015 C020003 NC
015 C030003 28255
015 E010003 X
015 A000004 BANK OF NEW YORK
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10006
015 E010004 X
015 A000005 THE CHASE MANHATTAN CORPORATION
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10006
015 E010005 X
015 A000006 BANKERS TRUST COMPANY
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10015
015 E010006 X
015 A000007 MORGAN GUARANTY BANK & TRUST CO.
015 B000007 S
015 C010007 NEW YORK
      PAGE  3
015 C020007 NY
015 C030007 10015
015 E010007 X
018  000000 Y
019 A000000 N
019 B000000    0
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 SALOMON SMITH BARNEY INC.
022 B000001 13-1912900
022 C000001    107444
022 D000001         0
022 A000002 FEDERAL HOME LOAN MORT. CORP.
022 C000002     21207
022 D000002     56206
022 A000003 GOVERNMENT OBLIGATIONS FUND
022 C000003     34116
022 D000003     31132
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004     14105
022 D000004     15387
022 A000005 FEDERATED ARMS FUND
022 C000005         0
022 D000005     20964
022 A000006 BEAR STEARNS SECURITIES
022 B000006 13-3299429
022 C000006     11460
022 D000006      7404
022 A000007 ABN AMRO CHICAGO CORP.
022 B000007 13-2647786
022 C000007     18260
022 D000007         0
022 A000008 FEDERATED GOVERNMENT ULTRASHORT FUND
022 C000008         0
022 D000008     13153
022 A000009 BANK OF AMERICA
022 B000009 94-1687665
022 C000009     10995
022 D000009         0
022 A000010 MORGAN KEEGAN & CO. INC.
022 C000010         0
      PAGE  4
022 D000010     10292
023 C000000     253228
023 D000000     178694
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000      3819
028 A020000       191
028 A030000         0
028 A040000      6012
028 B010000       124
028 B020000       155
028 B030000         0
028 B040000      1727
028 C010000        96
028 C020000       222
028 C030000         0
028 C040000      1374
028 D010000       111
028 D020000       221
028 D030000         0
028 D040000      1415
028 E010000       133
028 E020000       221
028 E030000         0
028 E040000      1547
028 F010000       234
028 F020000       427
028 F030000         0
028 F040000       729
028 G010000      4517
028 G020000      1437
028 G030000         0
028 G040000     12804
028 H000000         0
      PAGE  5
029  000000 Y
030 A000000      4
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      4
033  000000      0
034  000000 Y
035  000000     29
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000    237
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.400
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
      PAGE  6
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000    25000
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   2.4
062 M000000   0.0
062 N000000  99.2
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
      PAGE  7
063 A000000   0
063 B000000  1.4
064 A000000 N
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    139957
071 B000000    160100
071 C000000     93465
071 D000000  150
072 A000000 12
072 B000000     6355
      PAGE  8
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000      493
072 G000000      139
072 H000000        0
072 I000000       90
072 J000000       15
072 K000000        0
072 L000000       49
072 M000000       14
072 N000000       37
072 O000000        0
072 P000000        0
072 Q000000       52
072 R000000       15
072 S000000        3
072 T000000      478
072 U000000        0
072 V000000        0
072 W000000        5
072 X000000     1390
072 Y000000      572
072 Z000000     5537
072AA000000        0
072BB000000      570
072CC010000     2486
072CC020000        0
072DD010000     5547
072DD020000       88
072EE000000        0
073 A010000   0.5500
073 A020000   0.2900
073 B000000   0.0000
073 C000000   0.0000
074 A000000       23
074 B000000        0
074 C000000        0
074 D000000    88707
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000     2167
074 J000000     8792
074 K000000        0
074 L000000      626
074 M000000        0
074 N000000   100315
074 O000000    10601
074 P000000        0
      PAGE  9
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      275
074 S000000        0
074 T000000    89439
074 U010000     9144
074 U020000      254
074 V010000     9.52
074 V020000     9.52
074 W000000   0.0000
074 X000000     2001
074 Y000000        0
075 A000000        0
075 B000000    96338
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 LLOYD'S OF LONDON
080 B000000 ZURICH INSURANCE CO.;RELAIANCE INSURANCE CO.
080 C000000    70000
081 A000000 Y
081 B000000 173
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
      PAGE  10
SIGNATURE   STEPHEN A. KEENE
TITLE       GENERAL COUNSEL