X0101 EFFECT 33 LIVE 2013-01-14 16:45:00

N-14

0000799704 FEDERATED EQUITY INCOME FUND INC 333-185469 0000799704 FEDERATED EQUITY INCOME FUND INC S000009101 FEDERATED EQUITY INCOME FUND INC C000024716 Class A Shares 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026725 Class A Shares 0000799704 FEDERATED EQUITY INCOME FUND INC S000009101 FEDERATED EQUITY INCOME FUND INC C000024717 Class B Shares 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026726 Class B Shares 0000799704 FEDERATED EQUITY INCOME FUND INC S000009101 FEDERATED EQUITY INCOME FUND INC C000024718 Class C Shares 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026727 Class C Shares 0000799704 FEDERATED EQUITY INCOME FUND INC S000009101 FEDERATED EQUITY INCOME FUND INC C000114966 Institutional Shares 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000060702 Institutional Shares 0000799704 FEDERATED EQUITY INCOME FUND INC S000009101 FEDERATED EQUITY INCOME FUND INC C000123387 Class R Shares 0000745968 FEDERATED EQUITY FUNDS S000009728 Federated Capital Appreciation Fund C000026728 Class R Shares