EX-99.77B ACCT LTTR

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of
Federated Core Trust, Inc.:

In planning and performing our audit of the
financial statements of
Federated Mortgage Core Portfolio,
Federated Inflation-Protected Securities
Core Fund and High Yield Bond Portfolio
(the "Funds"), three of
the portfolios comprising Federated Core Trust
(the "Trust") as of and for
the period ended December 31,
2007, in accordance with the standards of
the Public Company Accounting Oversight Board (United
States), we considered the Funds' internal
control over financial reporting,
including controls for
safeguarding securities, as a basis
for designing our auditing procedures
for the purpose of expressing our
opinion on the financial statements
and to comply with the requirements
of Form N-SAR, but not for the
purpose of expressing an opinion on
the effectiveness of the Funds'
internal control over financial
reporting.  Accordingly, we express
no such opinion.

The management of the Funds is responsible
for establishing and maintaining
effective internal control
over financial reporting.  In fulfilling
this responsibility, estimates and
judgments by management are
required to assess the expected benefits
and related costs of controls.
A fund's internal control over
financial reporting is a process designed
to provide reasonable assurance
regarding the reliability of
financial reporting and the preparation
of financial statements for external
purposes in accordance with
generally accepted accounting principles.
The Funds' internal control over
financial reporting includes
those policies and procedures that (1)
pertain to the maintenance of records that,
in reasonable detail,
accurately and fairly reflect the
transactions and dispositions of the
assets of the fund; (2) provide
reasonable assurance that transactions
are recorded as necessary to permit
preparation of financial
statements in accordance with generally
accepted accounting principles,
and that receipts and expenditures
of the fund are being made only in
accordance with authorizations of
management and directors of the
fund; and (3) provide reasonable assurance
regarding prevention or timely
detection of unauthorized
acquisition, use or disposition of a fund's
assets that could have a material
effect on the financial
statements.

Because of its inherent limitations,
internal control over financial
reporting may not prevent or detect
misstatements. Also, projections of any
evaluation of effectiveness to future
periods are subject to the risk
that controls may become inadequate
because of changes in conditions,
or that the degree of compliance
with the polices or procedures
may deteriorate.

A deficiency in internal control over
financial reporting exists when
the design or operation of a control
does not allow management or employees,
in the normal course of performing
their assigned functions, to
prevent or detect misstatements on
a timely basis.  A material weakness
is a deficiency, or combination of
deficiencies, in internal control
over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the Funds'
annual or interim financial statements
will not be prevented or detected
on a timely basis.

Our consideration of the Funds' internal
control over financial reporting
was for the limited purpose
described in the first paragraph and
would not necessarily disclose all
deficiencies in internal control that
might be significant deficiencies or
material weaknesses under standards
established by the Public
Company Accounting Oversight Board
(United States).  However, we noted
no deficiencies in the Funds'
internal control over financial
reporting and its operation, including
controls over safeguarding securities
that we consider to be a material
weakness as defined above as
of December 31, 2007.

This report is intended solely for the
information and use of management
and the Board of Trustees of the
Funds and the Securities and
Exchange Commission and is not intended
to be and should not be used by
anyone other than these specified parties.




ERNST & YOUNG LLP


Boston, Massachusetts
February 18, 2008

EX-99.77E LEGAL

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.

EX-99.77Q1 OTHR EXHB

ITEM 77Q(a) - COPIES OF ANY
MATERIAL AMENDMENTS TO THE REGISTRANT'S
CHARTER OR BY-LAWS



Federated Core Trust

Amendment No. 5
to the Declaration of Trust
dated August 21, 1996


This Declaration of Trust is
amended as follows:


Strike Section 5 of Article III
and replace it with the following:

	Section 5.  Establishment and
Designation of Series.  Without limiting the
authority of the Trustees set forth in
Article XIII, Section 7,
inter alia, to establish and
designate any additional Series
or to modify the rights and
preferences of any existing
Series, the Series shall be,
and are established and designated as,

High-Yield Bond Portfolio
Federated Mortgage Core Portfolio
Federated Inflation-Protected
Securities Core Fund

		The undersigned hereby
certify that the above Amendment is a true and
correct Amendment to the Declaration of Trust,
as adopted by the Board of Trustees at a
meeting on the 15th day of November, 2007.

	WITNESS the due execution hereof
this 15th day of November, 2007, effective
December 19, 2007.


/s/ John F. Donahue		/s/ Peter E. Madden
John F. Donahue		Peter E. Madden

/s/ Thomas G. Bigley		/s/ Charles F. Mansfield, Jr.
Thomas G. Bigley		Charles F. Mansfield, Jr.

/s/ John T. Conroy, Jr.		/s/ John E. Murray, Jr.
John T. Conroy, Jr.		John E. Murray, Jr.

/s/ Nicholas P. Constantakis		/s/ Thomas M. O'Neill
Nicholas P. Constantakis		Thomas M. O'Neill

/s/ John F. Cunningham		/s/ Marjorie P. Smuts
John F. Cunningham		Marjorie P. Smuts

/s/ J. Christopher Donahue		/s/ John S. Walsh
J. Christopher Donahue		John S. Walsh

/s/ Lawrence D. Ellis, M.D.		/s/ James F. Will
Lawrence D. Ellis, M.D.		James F. Will

EX-99.77Q1 OTHR EXHB

ITEM 77Q(e) - COPIES OF ANY NEW
OR AMENDED REGISTRANT INVESTMENT
ADVISORY CONTRACTS




INVESTMENT ADVISORY CONTRACT


	This Contract is made this 1st
day of September, 2005, between Federated Investment
Management Company, a Delaware business
trust having its principal place of
business in Pittsburgh,
Pennsylvania (the "Adviser"), and
Federated Core Trust, a Massachusetts
business trust having its principal
place of business in Pittsburgh,
Pennsylvania (the "Trust").

	WHEREAS the Trust is an open-end
management investment company
as that term is defined in
the Investment Company Act of 1940, as amended,
and is registered as such with the Securities and
Exchange Commission; and

	WHEREAS Adviser is engaged in the
business of rendering investment
advisory and management
services.

	NOW, THEREFORE, the parties hereto,
intending to be legally bound,
hereby agree as follows:

	1.	The Trust hereby appoints
Adviser as Investment Adviser for each of the portfolios
("Funds") of the Trust which executes
an exhibit to this Contract,
and Adviser accepts the appointments.
Subject to the direction of the Trustees,
Adviser shall provide investment
research and supervision of the
investments of the Funds and conduct a
continuous program of
investment evaluation and of appropriate
sale or other disposition and
reinvestment of each Fund's assets.

	2.	Adviser, in its supervision
of the investments of each of the
Funds will be guided by each
of the Funds' investment objective and
policies and the provisions and
restrictions contained in the
Declaration of Trust and By-Laws of the
Trust and as set forth in the
Registration Statements and exhibits
as may be on file with the Securities
and Exchange Commission.

	3.	Each Fund shall pay or cause to
be paid all of its own expenses and its allocable share of
Trust expenses, including, without limitation,
the expenses of organizing the Trust and continuing its
existence; fees and expenses of Trustees
and officers of the Trust;
fees (if any) for investment advisory
services and administrative personnel
and services; expenses incurred
in the distribution of its shares
("Shares"), including expenses of administrative
support services; fees and expenses (if any) of preparing
and printing its Registration
Statements under the Securities
Act of 1933 and the Investment Company Act
of 1940, as amended, and any amendments
thereto; expenses of registering
and qualifying the Trust, the
Funds, and Shares of the Funds under
federal and state laws and regulations;
expenses of preparing,
printing, and distributing prospectuses
or offering memoranda (and any amendments thereto) to
shareholders; interest expense, taxes,
fees, and commissions of every kind;
expenses of issue (including
cost of Share certificates, if any),
purchase, repurchase, and redemption
of Shares, including expenses
attributable to a program of periodic issue;
charges and expenses of custodians,
transfer agents, dividend
disbursing agents, shareholder servicing agents,
and registrars; printing and mailing costs, auditing,
accounting, and legal expenses; reports to
shareholders and governmental officers and commissions;
expenses of meetings of Trustees and
shareholders and proxy solicitations
therefor; insurance expenses;
association membership dues and such
nonrecurring items as may arise,
including all losses and liabilities
incurred in administering the Trust and
the Funds. Each Fund will also pay its
allocable share of such
extraordinary expenses as may arise
including expenses incurred in
connection with litigation, proceedings,
and claims and the legal obligations of the
Trust to indemnify its officers and
Trustees and agents with
respect thereto.

	4.	Each of the Funds shall
pay to Adviser, for all services
rendered to each Fund by Adviser
hereunder, the fees set forth in
the exhibits attached hereto.

	5.	The net asset value of
each Fund's Shares as used herein
will be calculated to the nearest
1/10th of one cent.

	6.	The Adviser may from
time to time and for such periods as
it deems appropriate reduce
its compensation (and, if appropriate,
assume expenses of one or more of
the Funds) to the extent that any
Fund's expenses exceed such lower expense
limitation as the Adviser may,
by notice to the Fund,
voluntarily declare to be effective.

	7.	This Contract shall begin for
each Fund as of the date of execution of the applicable
exhibit and shall continue in effect with
respect to each Fund presently set
forth on an exhibit (and any
subsequent Funds added pursuant to an exhibit
during the initial term of this Contract)
for two years from
the date of this Contract set forth above and
thereafter for successive periods of one year,
subject to the
provisions for termination and all of the other
terms and conditions hereof if:
(a) such continuation shall be
specifically approved at least annually by the
vote of a majority of the
Trustees of the Trust, including a
majority of the Trustees who are not parties
to this Contract or interested
persons of any such party cast in
person at a meeting called for that purpose;
and (b) Adviser shall not have
notified a Fund in writing at
least sixty (60) days prior to the anniversary
date of this Contract in any year thereafter that it does not
desire such continuation with respect
to that Fund. If a Fund is added after
the first approval by the Trustees
as described above, this Contract will be
effective as to that Fund upon execution
of the applicable exhibit
and will continue in effect until the next
annual approval of this Contract by the
Trustees and thereafter for
successive periods of one year, subject
to approval as described above.

	8.	Notwithstanding any provision
in this Contract, it may be
terminated at any time with
respect to any Fund, without the payment
of any penalty, by the Trustees of
the Trust or by a vote of the
shareholders of that Fund on
sixty (60) days' written notice to Adviser.

	9.	This Contract may not be
assigned by Adviser and shall
automatically terminate in the
event of any assignment. Adviser may
employ or contract with such other person,
persons, corporation, or
corporations at its own cost and expense as
it shall determine in order to
assist it in carrying out this
Contract.

	10.	In the absence of willful
misfeasance, bad faith, gross negligence,
or reckless disregard of
the obligations or duties under this
Contract on the part of Adviser,
Adviser shall not be liable to the Trust
or to any of the Funds or to any shareholder
for any act or omission in the
course of or connected in any
way with rendering services or for any
losses that may be sustained in the purchase,
holding, or sale of any
security.

	11.	This Contract may be amended
at any time by agreement of the
parties provided that the
amendment shall be approved both by the vote
of a majority of the Trustees of the Trust including a
majority of the Trustees who are not parties
to this Contract or interested
persons of any such party to this
Contract (other than as Trustees of the Trust)
cast in person at a meeting
called for that purpose, and, where
required by Section 15(a)(2) of the Act,
on behalf of a Fund by a
majority of the outstanding voting
securities of such Fund as defined
in Section 2(a)(42) of the Act.

	12.	The Adviser acknowledges that
all sales literature for investment companies (such as the
Trust) is subject to strict regulatory
oversight. The Adviser agrees to submit
any proposed sales literature
for the Trust (or any Fund) or for itself
or its affiliates which mentions the Trust
(or any Fund) to the Trust's
distributor for review and filing with the
appropriate regulatory authorities prior
to the public release of any
such sales literature, provided, however,
that nothing herein shall be construed
so as to create any
obligation or duty on the part of the Adviser
to produce sales literature for
the Trust (or any Fund). The
Trust agrees to cause its distributor to
promptly review all such sales
literature to ensure compliance with
relevant requirements, to promptly advise
Adviser of any deficiencies
contained in such sales literature, to
promptly file complying sales literature
with the relevant authorities,
and to cause such sales literature to be
distributed to prospective investors in the Trust.

	13.	Adviser is hereby expressly
put on notice of the limitation
of liability as set forth in
Article XII of the Declaration of Trust
and agrees that the obligations
pursuant to this Contract of a
particular Fund of the Trust with
respect to that particular Fund be
limited solely to the assets of that
particular Fund, and Adviser shall not
seek satisfaction of any such obligation
from any other Fund, the
shareholders of any Fund, the Trustees,
the General Partner, officers, employees
or agents of the Trust, or
any of them.

       14.	The Trust and the Funds are
hereby expressly put on notice of the
limitation of liability as
set forth in the Declaration of Trust of
the Adviser and agree that the obligations
assumed by the Adviser
pursuant to this Contract shall be limited
in any case to the Adviser and its assets
and, except to the extent
expressly permitted by the Investment Company
Act of 1940, as amended, the Trust and the Funds shall
not seek satisfaction of any such obligation
from the shareholders of the Adviser,
the Trustees, officers,
employees, or agents of the Adviser,
or any of them.

	15.	Adviser agrees to maintain
the security and confidentiality
of nonpublic personal
information (NPI") of Fund customers and
consumers, as those terms are defined
in Regulation S-P, 17
CFR Part 248.  Adviser agrees to use and
redisclose such NPI for the limited
purposes of processing and
servicing transactions; for specific
law enforcement and miscellaneous purposes;
and to service providers
or in connection with joint marketing
arrangements directed by the Fund(s),
in each instance in furtherance
of fulfilling Adviser's obligations
under this Contract and consistent
with the exceptions provided in 17
CFR Sections 248.14, 248.15 and 248.13,
respectively.

       16.	The parties hereto acknowledge
that Federated Investors, Inc., has reserved the right to
grant the non-exclusive use of the name
Federated Core Trust or any
derivative thereof to any other
investment company, investment company
portfolio, investment adviser,
distributor or other business
enterprise, and to withdraw from the Trust
and one or more of the Funds the
use of the name Federated
Core Trust.  The name Federated Core Trust.
will continue to be used by the
Trust and each Fund so long
as such use is mutually agreeable to
Federated Investors, Inc. and the Trust.

	17.	This Contract shall be
construed in accordance with and
governed by the laws of the
Commonwealth of Pennsylvania.

	18.	This Contract will become
binding on the parties hereto upon
their execution of the
attached exhibits to this Contract.


Federated Core Trust	Page 3	September 1, 2005

EX-99.77Q1 OTHR EXHB

Terminated 12/19/07
EXHIBIT A
to the
Investment Advisory Contract

Federated Government Pool

	The Adviser shall provide services
to the above-named portfolio of
the Trust at no charge.

	Witness the due execution
hereof this 1st day of September, 2005.



Federated Core Trust




By:  /s/ John B. Fisher
Name:  John B. Fisher
Title:  President



Federated Investment
Management Company



By:  /s/ Keith M. Schappert
Name:  Keith M. Schappert
Title:  President/CEO


Federated Core Trust
Page 1	September 1, 2005

EX-99.77Q1 OTHR EXHB

Terminated 12/19/07
EXHIBIT B
to the
Investment Advisory Contract

Federated Prime Pool

	The Adviser shall provide services
to the above-named portfolio of
the Trust at no charge.

	Witness the due execution
hereof this 1st day of September, 2005.


Federated Core Trust


By:  /s/ John B. Fisher
Name:  John B. Fisher
Title:  President



Federated Investment
Management Company



By:  /s/ Keith M. Schappert
Name:  Keith M. Schappert
Title:  President/CEO

Federated Core Trust
Page 1	September 1, 2005

EX-99.77Q1 OTHR EXHB

EXHIBIT C
to the
Investment Advisory Contract

Federated Inflation-Protected
Securities Core Fund

	The Adviser shall provide services
to the above-named portfolio
of the Trust at no charge.

	Witness the due execution
hereof this 1st day of September, 2005.


Federated Core Trust


By:  /s/ John B. Fisher
Name:  John B. Fisher
Title:  President



Federated Investment
Management Company



By:  /s/ Keith M. Schappert
Name:  Keith M. Schappert
Title:  President/CEO

Federated Core Trust
Page 1	September 1, 2005

EX-99.77Q1 OTHR EXHB

LIMITED POWER OF ATTORNEY



KNOW ALL MEN BY THESE PRESENTS,
dated as of September 1, 2005, that
Federated Core Trust, a business trust duly
organized under the laws of the Commonwealth of
Massachusetts (the "Trust"), does hereby nominate,
constitute and appoint Federated Investment
Management Company, a business trust duly
organized under the laws of the state of Delaware (the
"Adviser"), to act hereunder as the true
and lawful agent and attorney-in-fact
of the Trust, acting on behalf
of each of the series portfolios for
which the Adviser acts as investment
adviser shown on Schedule 1
attached hereto and incorporated by reference
herein (each such series portfolio
being hereinafter referred
to as a "Fund" and collectively as the "Funds"),
for the specific purpose of
executing and delivering all such
agreements, instruments, contracts, assignments,
bond powers, stock powers,
transfer instructions, receipts,
waivers, consents and other documents, and
performing all such acts, as the
Adviser may deem necessary
or reasonably desirable, related to the acquisition,
disposition and/or reinvestment of the funds and assets of
a Fund of the Trust in accordance with
Adviser's supervision of the
investment, sale and reinvestment of
the funds and assets of each Fund pursuant
to the authority granted to the Adviser
as investment adviser of
each Fund under that certain investment
advisory contract dated September 1, 2005,
by and between the
Adviser and the Trust (such investment
advisory contract, as may be amended,
supplemented or otherwise
modified from time to time is hereinafter
referred to as the "Investment Advisory Contract").

		The Adviser shall exercise or
omit to exercise the powers and authorities
granted herein
in each case as the Adviser in its sole and
absolute discretion deems desirable
or appropriate under existing
circumstances.  The Trust hereby ratifies
and confirms as good and effectual,
at law or in equity, all that the
Adviser, and its officers and employees,
may do by virtue hereof.  However,
despite the above provisions,
nothing herein shall be construed as imposing
a duty on the Adviser to act or
assume responsibility for any
matters referred to above or other matters even
though the Adviser may have power or authority hereunder
to do so.  Nothing in this Limited Power of Attorney
shall be construed (i) to be an amendment or
modifications of, or supplement to, the
Investment Advisory Contract,
(ii) to amend, modify, limit or
denigrate any duties, obligations or liabilities
of the Adviser under the terms
of the Investment Advisory
Contract or (iii) exonerate, relieve or release
the Adviser any losses, obligations, penalties, actions,
judgments and suits and other costs, expenses
and disbursements of any kind or
nature whatsoever which
may be imposed on, incurred by or asserted
against the Adviser (x) under the terms of the Investment
Advisory Contract or (y) at law,
or in equity, for the performance of its
duties as the investment adviser of
any of the Funds.

		The Trust hereby agrees to
indemnify and save harmless the
Adviser and its trustees,
officers and employees (each of the foregoing
an "Indemnified Party" and collectively the "Indemnified
Parties") against and from any and all losses,
obligations, penalties, actions,
judgments and suits and other
costs, expenses and disbursements of any
kind or nature whatsoever which
may be imposed on, incurred by
or asserted against an Indemnified Party,
other than as a consequence of
gross negligence or willful
misconduct on the part of an Indemnified Party,
arising out of or in connection
with this Limited Power of
Attorney or any other agreement, instrument
or document executed in connection
with the exercise of the
authority granted to the Adviser herein to
act on behalf of the Trust,
including without limitation the
reasonable costs, expenses and disbursements
in connection with defending such
Indemnified Party against
any claim or liability related to the exercise
or performance of any of the Adviser's
powers or duties under
this Limited Power of Attorney or any of
the other agreements, instruments
or documents executed in
connection with the exercise of the authority
granted to the Adviser herein to act
on behalf of the Trust, or
the taking of any action under or in
connection with any of the foregoing.
The obligations of the Trust
under this paragraph shall survive the
termination of this Limited Power of
Attorney with respect to actions
taken by the Adviser on behalf of the
Trust during the term of this Limited
Power of Attorney.  No Fund
shall have any joint or several obligation
with any other Fund to reimburse
or indemnify an Indemnified
Party for any action, event, matter or
occurrence performed or omitted by or
on behalf of the Adviser in its
capacity as agent or attorney-in-fact of
Trust acting on behalf of any other Fund hereunder.

		Any person, partnership,
corporation or other legal entity
dealing with the Adviser in its
capacity as attorney-in-fact hereunder
for the Trust is hereby expressly
put on notice that the Adviser is
acting solely in the capacity as an agent
of the Trust and that any such person,
partnership, corporation or
other legal entity must look solely to the
Trust in question for enforcement of
any claim against the Trust,
as the Adviser assumes no personal
liability whatsoever for obligations
of the Trust entered into by the
Adviser in its capacity as
attorney-in-fact for the Trust.

		Each person, partnership,
corporation or other legal entity
which deals with a Fund of the
Trust through the Adviser in its capacity
as agent and attorney-in-fact of the Trust,
is hereby expressly put
on notice (i) that all persons or entities
dealing with the Trust must look solely to
the assets of the Fund of
the Trust on whose behalf the Adviser is
acting pursuant to its powers hereunder
for enforcement of any
claim against the Trust, as the Trustees,
officers and/or agents of such Trust,
the shareholders of the various
classes of shares of the Trust and the
other Funds of the Trust assume no
personal liability whatsoever for
obligations entered into on behalf of
such Fund of the Trust, and (ii) that
the rights, liabilities and
obligations of any one Fund are separate
and distinct from those of
any other Fund of the Trust.

		The execution of this
Limited Power of Attorney by the Trust
acting on behalf of the
several Funds shall not be deemed to
evidence the existence of any express
or implied joint undertaking or
appointment by and among any or all
of the Funds.  Liability for or
recourse under or upon any undertaking
of the Adviser pursuant to the power or
authority granted to the Adviser
under this Limited Power of
Attorney under any rule of law, statute
or constitution or by the enforcement
of any assessment or penalty
or by legal or equitable proceedings or
otherwise shall be limited only to the
assets of the Fund of the Trust
on whose behalf the Adviser was acting
pursuant to the authority granted hereunder.

		The Trust hereby agrees that
no person, partnership, corporation
or other legal entity
dealing with the Adviser shall be bound
to inquire into the Adviser's power
and authority hereunder and
any such person, partnership, corporation
or other legal entity shall be
fully protected in relying on such
power or authority unless such person,
partnership, corporation or other legal
entity has received prior
written notice from the Trust that this
Limited Power of Attorney has been
revoked. This Limited Power of
Attorney shall be revoked and terminated
automatically upon the cancellation
or termination of the
Investment Advisory Contract between the
Trust and the Adviser.  Except as
provided in the immediately
preceding sentence, the powers and authorities
herein granted may be revoked or
terminated by the Trust at
any time provided that no such revocation
or termination shall be effective
until the Adviser has received
actual notice of such revocation or
termination in writing from the Trust.

		This Limited Power of Attorney
constitutes the entire agreement between the Trust and
the Adviser, may be changed only by a
writing signed by both of them,
and shall bind and benefit their
respective successors and assigns;
provided, however, the Adviser
shall have no power or authority
hereunder to appoint a successor or
substitute attorney in fact for the Trust.

		This Limited Power of Attorney
shall be governed and construed
in accordance with the
laws of the Commonwealth of Pennsylvania
without reference to principles
of conflicts of laws.  If any
provision hereof, or any power or
authority conferred upon the
Adviser herein, would be invalid or
unexercisable under applicable law,
then such provision, power or
authority shall be deemed modified to
the extent necessary to render it valid
or exercisable while most nearly preserving
its original intent, and no
provision hereof, or power or authority
conferred upon the Adviser herein,
shall be affected by the
invalidity or the non-exercisability of
another provision hereof, or of another
power or authority conferred
herein.

		This Limited Power of Attorney
may be executed in as many identical counterparts as
may be convenient and by the different
parties hereto on separate counterparts.
This Limited Power of
Attorney shall become binding on the Trust
when the Trust shall have executed at
least one counterpart and
the Adviser shall have accepted its
appointment by executing this Limited
Power of Attorney.  Immediately
after the execution of a counterpart original
of this Limited Power of Attorney and solely for the
convenience of the parties hereto,
the Trust and the Adviser will execute
sufficient counterparts so that the
Adviser shall have a counterpart executed
by it and the Trust, and the
Trust shall have a counterpart
executed by the Trust and the Adviser.
Each counterpart shall be deemed
an original and all such taken
together shall constitute but one and
the same instrument, and it shall not
be necessary in making proof of
this Limited Power of Attorney to
produce or account for more than
one such counterpart.

		IN WITNESS WHEREOF, the Trust has
caused this Limited Power of Attorney to be
executed by its duly authorized officer
as of the date first written above.

Federated Core Trust


By:  /s/ John B. Fisher
Name:  John B. Fisher
Title:  President






Accepted and agreed to this
September 1, 2005

Federated Investment Management Company


By:  /s/ Keith M. Schappert
Name:  Keith M. Schappert
Title:  President/CEO



Schedule 1
to Limited Power of Attorney
dated as of September 1, 2005
(revised as of December 19, 2007)
by Federated Core Trust
(the Trust"), acting on
behalf of each of the series portfolios
listed below, and appointing
Federated Investment Counseling
the attorney-in-fact of the
Trust


List of Series Portfolios

Federated Inflation-Protected
Securities Core Fund
Federated Core Trust
Page 4	September 1, 2005