The transition of Federated Investors, Inc.’s mutual fund transfer agency to Boston Financial Data Services is now complete, the companies announced this week

As of July 1, Boston Financial now executes the trades of and manages the funds of Federated, in a move that the companies said will "benefit both Federated and its mutual fund shareholders."

"This arrangement allows Federated to concentrate on our core competencies-providing competitive investment results, powerful product distribution and top quality customer service," said Federated CEO J. Christopher Donahue.

Boston Financial, which offers transfer services for over 145 funds, will accept 200 Federated employees into its offices. Previously, Federated handled all its transfer agency services on its own.

Federated predicted its income will rise between 1 cent and 2 cents per share in the first half of 2004 thanks to money saved by discontinuing its transfer agency services.

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