Federated Investors, Inc. on SR-NYSE-2004-41

Subject: File No. SR-NYSE-2004-41
From: Joseph M. Huber, Senior Corporate Counsel
Affiliation: Federated Investors, Inc.

September 27, 2004

Federated Investors, Inc. supports the proposed amendment to Section 303A.02(b)(iii) of the New York Stock Exchange Listed Company Manual to align it more closely with the similar standard in place at the other listing markets.

Joseph M. Huber
Senior Corporate Counsel
Federated Investors, Inc.