X0101 EFFECT 33 LIVE 2012-07-30 15:15:00

N-14

0000745968 FEDERATED EQUITY FUNDS 333-182368 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026725 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008182 Large Cap Equity C000022289 Class B 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026725 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008182 Large Cap Equity C000022290 Class A 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000060702 Institutional Shares 0000885093 PERFORMANCE FUNDS TRUST S000008182 Large Cap Equity C000022291 Institutional 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000026743 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008184 Mid Cap Equity C000022295 Class B 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000026743 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008184 Mid Cap Equity C000022296 Class A 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000026743 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008185 Leaders Equity C000022298 Class B 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000026743 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008185 Leaders Equity C000022299 Class A 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000082649 Institutional Shares 0000885093 PERFORMANCE FUNDS TRUST S000008184 Mid Cap Equity C000022297 Institutional 0000745968 FEDERATED EQUITY FUNDS S000009733 Federated Mid Cap Growth Strategies Fund C000082649 Institutional Shares 0000885093 PERFORMANCE FUNDS TRUST S000008185 Leaders Equity C000022300 Institutional 0000745968 FEDERATED EQUITY FUNDS S000009734 Federated Strategic Value Dividend Fund C000026746 Class A Shares 0000885093 PERFORMANCE FUNDS TRUST S000008186 Strategic Dividend C000022301 Class A 0000745968 FEDERATED EQUITY FUNDS S000009734 Federated Strategic Value Dividend Fund C000026748 Institutional Shares 0000885093 PERFORMANCE FUNDS TRUST S000008186 Strategic Dividend C000022302 Institutional