EX-99.2A CHARTER

SUB-ITEM 77Q1(A): AMENDMENT TO BY-LAWS
AMENDMENT #8
TO THE BY-LAWS
OF
FEDERATED CORE TRUST
Effective January 1, 2006
Strike Section 1, Officers, and Section 2, Election of Officers
from Article I - OFFICERS AND THEIR
ELECTION, and replace with the following:
	Section 1.  Officers. The Officers of the Trust shall
be a President, one or more Executive Vice Presidents,
one or more Senior Vice Presidents, one or more Vice Presidents,
a Treasurer, and a Secretary.  The Board of
Trustees, in its discretion, may also elect or appoint one or more
Vice Chairmen of the Board of Trustees (who need
not be a Trustee), and other Officers or agents, including one or
more Assistant Vice Presidents, one or more
Assistant Secretaries, and one or more Assistant Treasurers.  An
Executive Vice President, Senior Vice President or
Vice President, the Secretary or the Treasurer may appoint an
Assistant Vice President, an Assistant Secretary or an
Assistant Treasurer, respectively, to serve until the next election
of Officers.  Two or more offices may be held by a
single person except the offices of President and Executive Vice
President, Senior Vice President or Vice President
may not be held by the same person concurrently.  It shall not be
necessary for any Trustee or any Officer to be a
holder of shares in any Series or Class of the Trust.  Any officer,
or such other person as the Board may appoint,
may preside at meetings of the shareholders.
	Section 2.  Election of Officers.  The Officers shall be
elected annually by the Trustees.  Each Officer shall
hold office for one year and until the election and qualification
of his successor, or until earlier resignation or
removal.
Strike Sections 2, Chairman of the Trustees, Section 3, Vice Chairman
of the Trustees, Section 4, President, and
Section 5, Vice President from Article II - POWERS AND DUTIES OF
TRUSTEES AND OFFICERS, and replace
with the following:
	Section 2.  Chairman of the Board.  The Board may elect
from among its members a Chairman of the
Board.  The Chairman shall at all times be a Trustee who meets
all applicable regulatory and other relevant
requirements for serving in such capacity.  The Chairman shall not
be an officer of the Trust, but shall preside over
meetings of the Board and shall have such other responsibilities in
furthering the Board functions as may be
assigned from time to time by the Board of Trustees or prescribed
by these By-Laws.  It shall be understood that the
election of any Trustee as Chairman shall not impose on that person
any duty, obligation, or liability that is greater
than the duties, obligations, and liabilities imposed on that person
as a Trustee in the absence of such election, and
no Trustee who is so elected shall be held to a higher standard of
care by virtue thereof.  In addition, election as
Chairman shall not affect in any way that Trustee's rights or
entitlement to indemnification under the By-Laws or
otherwise by the Trust.  The Chairman shall be elected by the Board
annually to hold office until his successor shall
have been duly elected and shall have qualified, or until his death,
or until he shall have resigned, or have been
removed, as herein provided in these By-Laws.  Each Trustee, including
the Chairman, shall have one vote.
	Resignation.  The Chairman may resign at any time by giving
written notice of resignation to the Board.
Any such resignation shall take effect at the time specified in such
notice, or, if the time when it shall become
effective shall not be specified therein, immediately upon its
receipt; and, unless otherwise specified therein, the
acceptance of such resignation shall not be necessary to make it
effective.
	Removal.  The Chairman may be removed by majority vote of
the Board with or without cause at any time.
	Vacancy.  Any vacancy in the office of Chairman, arising
from any cause whatsoever, may be filled for the
unexpired portion of the term of the office which shall be vacant
by the vote of the Board.
	Absence.  If, for any reason, the Chairman is absent from
a meeting of the Board, the Board may select
from among its members who are present at such meeting a Trustee
to preside at such meeting.
	Section 3.  Vice Chairman of the Trustees.  Any Vice
Chairman shall perform such duties as may be
assigned to him from time to time by the Trustees.  The Vice
Chairman need not be a Trustee.
	Section 4.  President.  The President shall be the principal
executive officer of the Trust.  He shall counsel
and advise the Chairman.  He shall have general supervision over
the business of the Trust and policies of the Trust.
He shall employ and define the duties of all employees, shall
have power to discharge any such employees, shall
exercise general supervision over the affairs of the Trust and
shall perform such other duties as may be assigned to
him from time to time by the Trustees, the Chairman or the
Executive Committee.  The President shall have the
power to appoint one or more Assistant Secretaries or other
junior officers, subject to ratification of such
appointments by the Board.  The President shall have the power
to sign, in the name of and on behalf of the Trust,
powers of attorney, proxies, waivers of notice of meeting,
consents and other instruments relating to securities or
other property owned by the Trust, and may, in the name of and
on behalf of the Trust, take all such action as the
President may deem advisable in entering into agreements to
purchase securities or other property in the ordinary
course of business, and to sign representation letters in the
course of buying securities or other property.
	Section 5.  Vice President.  The Executive Vice President,
Senior Vice President or Vice President, if any,
in order of their rank as fixed by the Board or if not ranked,
a Vice President designated by the Board, in the absence
of the President shall perform all duties and may exercise any of
the powers of the President subject to the control of
the Trustees.  Each Executive Vice President, Senior Vice President
and Vice President shall perform such other
duties as may be assigned to him from time to time by the Trustees,
the Chairman, the President, or the Executive
Committee.  Each Executive Vice President, Senior Vice President
and Vice President shall be authorized to sign
documents on behalf of the Trust.  The Executive Vice President,
Senior Vice President and Vice President shall
have the power to sign, in the name of and on behalf of the Trust
and subject to Article VIII, Section 1, powers of
attorney, proxies, waivers of notice of meeting, consents and other
instruments relating to securities or other
property owned by the Trust, and may, in the name of and on behalf
of the Trust, take all such action as the
Executive Vice President, Senior Vice President or Vice President
may deem advisable in entering into agreements
to purchase securities or other property in the ordinary course of
business, and to sign representation letters in the
course of buying securities or other property.

EX-99.77E LEGAL

SUB-ITEM 77E:  LEGAL PROCEEDINGS

Since October 2003, Federated and related entities
(collectively, "Federated"), and various Federated
funds ("Funds"), have been named as
defendants in several class action lawsuits now
pending in the United States District Court for
the District of Maryland. The lawsuits were
purportedly filed on behalf of people who purchased,
owned and/or redeemed shares of Federated-sponsored
mutual funds during specified periods beginning
November 1, 1998. The suits are generally similar in
alleging that Federated engaged in illegal and improper trading
practices including market timing and late trading in
concert with certain institutional traders, which allegedly
caused financial injury to the mutual fund shareholders.
These lawsuits began to be filed shortly after Federated's first
public announcement that it had received requests for
information on shareholder trading activities in the Funds
from the SEC, the Office of the New York State Attorney
General ("NYAG"), and other authorities. In that regard,
on November 28, 2005, Federated announced that it had
reached final settlements with the SEC and the NYAG with
respect to those matters. Specifically, the SEC and NYAG
settled proceedings against three Federated subsidiaries
involving undisclosed market timing arrangements and late
trading. The SEC made findings: that Federated Investment
Management Company ("FIMC"), an SEC-registered investment
adviser to various Funds, and Federated Securities Corp.,
an SEC-registered broker-dealer and distributor for the Funds,
violated provisions of the Investment Advisers Act and
Investment Company Act by approving, but not disclosing,
three market timing arrangements, or the associated conflict
of interest between FIMC and the funds involved in the
arrangements, either to other fund shareholders or to
the funds' board; and that Federated Shareholder Services
Company, formerly an SEC-registered transfer agent,
failed to prevent a customer and a Federated employee
from late trading in violation of provisions of the
Investment Company Act. The NYAG found that such conduct
violated provisions of New York State law. Federated entered
into the settlements without admitting or denying the
regulators' findings. As Federated previously reported
in 2004, it has already paid approximately $8.0 million
to certain funds as determined by an independent consultant.
As part of these settlements, Federated agreed to pay
disgorgement and a civil money penalty in the aggregate
amount of an additional $72 million and, among other things,
agreed that it would not serve as investment adviser to any
registered investment company unless (i) at least 75%
of the fund's directors are independent of Federated,
(ii) the chairman of each such fund is independent of
Federated, (iii) no action may be taken by the fund's
board or any committee thereof unless approved by a
majority of the independent trustees of the fund or
committee, respectively, and (iv) the fund appoints
a "senior officer" who reports to the independent
trustees and is responsible for monitoring compliance
by the fund with applicable laws and fiduciary duties
and for managing the process by which management fees
charged to a fund are approved. The settlements are
described in Federated's announcement which, along with
previous press releases and related communications on those
matters, is available in the "About Us" section of Federated's
website at FederatedInvestors.com.
Federated and various Funds have also been named as
defendants in several additional lawsuits, the majority
of which are now pending in the United States District
Court for the Western District of Pennsylvania, alleging,
among other things, excessive advisory and Rule 12b-1 fees.
The board of the Funds has retained the law firm of
Dickstein Shapiro LLP to represent the Funds in these
lawsuits. Federated and the Funds, and their respective
counsel, are reviewing the allegations and intend to defend
this litigation. Additional lawsuits based upon similar
allegations may be filed in the future. The potential
impact of these lawsuits, all of which seek unquantified
damages, attorneys' fees, and expenses, and future potential
similar suits is uncertain. Although we do not believe that
these lawsuits will have a material adverse effect on
the Funds, there can be no assurance that these suits,
ongoing adverse publicity and/or other developments
resulting from the regulatory investigations will not
result in increased Fund redemptions, reduced sales of
Fund shares, or other adverse consequences for the Funds.