-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TX5tDJcuwHR9dSOATxbK/Lfpj67TXmbhGL9oxBwMktR0WqmGJjvJPY3I/SWAI7/8
 35uJIqaS2pIsLyxa3ap7PA==

<SEC-DOCUMENT>0001005477-03-000309.txt : 20030506
<SEC-HEADER>0001005477-03-000309.hdr.sgml : 20030506
<ACCEPTANCE-DATETIME>20030506150547
ACCESSION NUMBER:		0001005477-03-000309
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030502
FILED AS OF DATE:		20030506

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FEDERATED INVESTORS INC /PA/
		CENTRAL INDEX KEY:			0001056288
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				251111467
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		STREET 2:		5800 CORPORATE DR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4122888141

	MAIL ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DONAHUE JOHN F
		CENTRAL INDEX KEY:			0000918971
		STATE OF INCORPORATION:			PA

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14818
		FILM NUMBER:		03684111

	BUSINESS ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222-3779

	MAIL ADDRESS:	
		STREET 1:		FEDERATED INVESTORS TOWER
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222-3779
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

<documentType>4</documentType>
    <periodOfReport>2003-05-02</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
<issuer>        <issuerCik>0001056288</issuerCik>
        <issuerName>FEDERATED INVESTORS INC /PA/</issuerName>
<issuerTradingSymbol>FII</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
    <reportingOwnerId>
        <rptOwnerCik>0000918971</rptOwnerCik>
            <rptOwnerName>DONAHUE JOHN F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
<reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>1</isOfficer>
        <isTenPercentOwner>0</isTenPercentOwner>
        <isOther>0</isOther>
        <officerTitle>Chairman</officerTitle>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Class B Common Stock</value>
        </securityTitle>
        <transactionDate>
            <value>2003-05-02</value>
        </transactionDate>
    <transactionCoding>
        <transactionFormType>5</transactionFormType>
        <transactionCode>G</transactionCode>
        <equitySwapInvolved>0</equitySwapInvolved>
    </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>40000</value>
            </transactionShares>
            <transactionValue>
                <value>0</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>D</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>580014</value>
                <footnoteId id="F1"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>
            <natureOfOwnership>
                <value>By Bay Road Partners</value>
            </natureOfOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <footnotes>
        <footnote id="F1">In addition, Mr. Donahue owns 308,661 shares of Class B Common Stock Directly (held in Federated's Profit Sharing/401(k) Plan) and owns shares of Class B Common Stock Indirectly as follows:  2,903,324 by Comax Partners Limited Partnership; 294,843 by Shamrock Properties, Inc.; 5,601,750 by The Beechwood Company; 338,000 by Richmond Farm Realty Trust; 10,000 by AWOL, Inc.; 20,810 by Oyster Bay Property, Inc. and 38,821 by Comax Land Company of Florida.

Power of Attorney filed April 7, 2003 is incorporated by reference herein.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Kary A. Moore (Attorney-in-Fact)</signatureName>
        <signatureDate>2003-05-06</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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