EX-99.MULTICLASSPLN 4 multclassplan.txt Exhibit (n)(i) under Form N-1A Exhibit (10) under Item 601/Reg.S-K K-1 =============================================================================== Class K Shares Exhibit =============================================================================== To Multiple Class Plan 1. SEPARATE ARRANGEMENT AND EXPENSE ALLOCATION For purposes of Rule 18f-3 under the Act, the basic distribution and shareholder servicing arrangement for the Class K Shares will consist of: (i) sales by financial intermediaries to retirement plans in consideration of payments financed by a Rule 12b-1 Plan, with shareholder services provided by the retirement plan recordkeepers; and (ii) additionally, with respect to the Federated Kaufmann Fund, (a) the issuance of Class K Shares as provided in the Plan of Reorganization between the Federated-Kaufmann Fund and the Kaufmann Fund, and (b) additional investments by former Kaufmann Fund shareholders and related persons with respect to the other funds listed in this exhibit, sales by financial intermediaries. The principal underwriter, Federated Securities Corp. and financial intermediaries through which shareholders acquire or hold Class K Shares may receive a shareholder service fee and may also receive additional payments for distribution and administrative services under a Rule 12b-1 Plan. In connection with this arrangement, Class K Shares will bear the following fees and expenses: Fees and Expenses Maximum Amount Allocated Class K Shares Sales Load None Contingent Deferred None Sales Charge ("CDSC") Redemption Fee As set forth in the attached Schedule. Shareholder Service As set forth in the attached Schedule Fee 12b-1 Fee As set forth in the attached Schedule Other Expenses Itemized expenses incurred by the Fund with respect to holders of Class K Shares as described in Section 3 of the Multiple Class Plan 2. CONVERSION AND EXCHANGE PRIVILEGES For purposes of Rule 18f-3, Class K Shares have the following conversion rights and exchange privileges at the election of the shareholder: Conversion Rights: None Exchange Rights: With respect to the Kaufmann Fund, Class K Shares may be exchanged for Class A Shares or Class K Shares of any other Fund. With respect to the other funds, Class K Shares may be exchanged for Class K Shares, including the Kaufmann Fund. In any exchange, the shareholder shall receive shares having the same aggregate net asset value as the shares surrendered, after the payment of any redemption fees to the Fund. Exchanges to any other Class shall be treated in the same manner as a redemption and purchase. 3. REDEMPTION FEE For purposes of Rule 11a-3 under the Act, any redemption fee received upon the redemption or exchange of Class K Shares shall be applied to fees incurred or amounts expended in connection with such redemption or exchange. The balance of any redemption fees shall be paid to the Fund. A Fund shall waive any redemption fee with respect to Class K Shares redeemed or exchange by employer sponsored retirement plans. =============================================================================== Schedule of Funds Offering class K Shares =============================================================================== The Funds set forth on this Schedule each offer Class K Shares on the terms set forth in the Class K Shares Exhibit to the Multiple Class Plan, in each case as indicated below. The 12b-1 fees indicated are the maximum amounts authorized based on the average daily net asset value. Actual amounts accrued may be less. ----------------------------------------------------------------------------- Multiple Class Company Series 12b-1 Shareholder Redemption Plan Services Fee Fee ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated American 0.50% None None Leaders Fund, Inc. ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated Equity Funds Federated-Kaufmann 0.50% 0.25% 0.20% Fund ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated Capital 0.50% None None Appreciation Fund ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated Index Trust Federated Max-Cap 0.50% None None Index Fund ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated Stock and 0.50% None None Bond Fund, Inc. ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Total Return Bond Fund Federated Total 0.50% None None Return Bond Fund ----------------------------------------------------------------------------- ----------------------------------------------------------------------------- Federated U.S. 0.50% None None Government Securities Fund: 2-5 Years -----------------------------------------------------------------------------