Schedule 13G

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*





Orthofix International N.V.
(Name of Issuer)



Common Stock
(Title of Class of Securities)



N6748L102
(CUSIP Number)



December 31,2001
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
      [X]Rule 13d-1(b)
      [   ]Rule 13d-1(c)
      [   ]Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



      CUSIP No. N6748L102




1.Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).
      Federated Investors, Inc.


      2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a)

(b)


      3.SEC Use Only

      4.Citizenship or Place of Organization
      Pennsylvania

      Number of
      Shares
      Beneficially
      Owned by
      Each Reporting
      Person With
      5.Sole Voting Power 937,300

      6.Shared Voting Power

      7.Sole Dispositive
      Power. 937,300

      8.Shared Dispositive Power

      9.Aggregate Amount Beneficially Owned by Each Reporting
      Person. 937,300

      10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions)...

      11.Percent of Class Represented by Amount in Row (9)
      7%

      12.Type of Reporting Person (See Instructions)HC


      CUSIP No. N6748L102

1.Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).
Voting Shares Irrevocable Trust


      2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a)

(b)


      3.SEC Use Only

      4.Citizenship or Place of Organization
      Pennsylvania

      Number of
      Shares
      Beneficially
      Owned by
      Each Reporting
      Person With
      5.Sole Voting Power 937,300

      6.Shared Voting Power

      7.Sole Dispositive
      Power. 937,300

      8.Shared Dispositive Power

      9.Aggregate Amount Beneficially Owned by Each Reporting
      Person. 937,300

      10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions)...

      11.Percent of Class Represented by Amount in Row (9)
      7%

      12.Type of Reporting Person (See Instructions) OO

      CUSIP No. N6748L102

1.Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).
      John F. Donahue


      2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a)

(b)


      3.SEC Use Only

      4.Citizenship or Place of Organization
      United States

      Number of
      Shares
      Beneficially
      Owned by
      Each Reporting
      Person With
      5.Sole Voting Power

      6.Shared Voting Power 937,300

      7.Sole Dispositive
      Power.

      8.Shared Dispositive Power 937,300

      9.Aggregate Amount Beneficially Owned by Each Reporting
      Person. 937,300

      10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions)...

      11.Percent of Class Represented by Amount in Row (9)
      7%

      12.Type of Reporting Person (See Instructions)IN


      CUSIP No. N6748L102

1.Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).
      Rhodora J. Donahue


      2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a)

(b)


      3.SEC Use Only

      4.Citizenship or Place of Organization
      United States

      Number of
      Shares
      Beneficially
      Owned by
      Each Reporting
      Person With
      5.Sole Voting Power

      6.Shared Voting Power  937,300

      7.Sole Dispositive
      Power.

      8.Shared Dispositive Power 937,300

      9.Aggregate Amount Beneficially Owned by Each Reporting
      Person. 937,300

      10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions)...

      11.Percent of Class Represented by Amount in Row (9)
      7%

      12.Type of Reporting Person (See Instructions)IN


      CUSIP No. N6748L102

1.Names of Reporting Persons.
      I.R.S. Identification Nos. of above persons (entities only).
      J. Christopher Donahue


      2. Check the Appropriate Box if a Member of a Group (See Instructions)


(a)

(b)


      3.SEC Use Only

      4.Citizenship or Place of Organization
      United States

      Number of
      Shares
      Beneficially
      Owned by
      Each Reporting
      Person With
      5.Sole Voting Power

      6.Shared Voting Power 937,300

      7.Sole Dispositive
      Power.

      8.Shared Dispositive Power 937,300

      9.Aggregate Amount Beneficially Owned by Each Reporting
      Person. 937,300

      10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
      Instructions)...

      11.Percent of Class Represented by Amount in Row (9)
      7%

      12.Type of Reporting Person (See Instructions)IN








INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page

     (l)Names and I.R.S.  Identification  Numbers of Reporting  Persons--Furnish
the full legal name of each  person  for whom the  report is  filed--i.e.,  each
person required to sign the schedule  itself--including  each member of a group.
Do not include the name of a person  required to be identified in the report but
who is not a reporting  person.  Reporting  persons  that are  entities are also
requested to furnish their I.R.S. identification numbers, although disclosure of
such  numbers  is  voluntary,  not  mandatory  (see  "SPECIAL  INSTRUCTIONS  FOR
COMPLYING WITH SCHEDULE 13G" below).

     (2)If any of the shares  beneficially  owned by a reporting person are held
as a member of a group and that membership is expressly  affirmed,  please check
row 2(a). If the reporting person disclaims membership in a group or describes a
relationship  with other  persons but does not affirm the  existence of a group,
please check row 2(b) [unless it is a joint filing  pursuant to Rule  13d1(k)(1)
in which case it may not be necessary to check row 2(b)].

     (3)The third row is for SEC internal use; please leave blank.

     (4)Citizenship or Place of  Organization--Furnish  citizenship if the named
reporting person is a natural person. Otherwise, furnish place of organization.

     (5)-(9),  (11)Aggregate Amount Beneficially Owned By Each Reporting Person,
Etc.--Rows (5) through (9) inclusive, and (11) are to be completed in accordance
with the provisions of Item 4 of Schedule 13G. All percentages are to be rounded
off to the nearest tenth (one place after decimal point).

      (10)Check if the aggregate amount reported as beneficially owned in row
      (9) does not include shares as to which beneficial ownership is disclaimed
      pursuant to Rule 13d-4 (17 CFR 240.13d-4] under the Securities Exchange
      Act of 1934.
      (12)Type of Reporting Person--Please classify each "reporting person"
      according to the following breakdown (see Item 3 of Schedule 13G) and
      place the appropriate symbol on the form:
            CategorySymbol
            Broker Dealer BD
            Bank BK
            Insurance Company IC
            Investment Company IV
            Investment Adviser IA
            Employee Benefit Plan, Pension Fund, or Endowment Fund EP
            Parent Holding Company/Control Person HC
            Savings Association SA
            Church Plan CP
            Corporation CO
            Partnership PN
            Individual IN
            Other OO




      Notes:Attach as many copies of the second part of the cover page as are
      needed, one reporting person per page.
      Filing persons may, in order to avoid unnecessary duplication, answer
      items on the schedules (Schedule 13D, 13G or 14D1) by appropriate cross
      references to an item or items on the cover page(s). This approach may
      only be used where the cover page item or items provide all the disclosure
      required by the schedule item. Moreover, such a use of a cover page item
      will result in the item becoming a part of the schedule and accordingly
      being considered as "filed" for purposes of Section 18 of the Securities
      Exchange Act or otherwise subject to the liabilities of that section of
      the Act.
      Reporting persons may comply with their cover page filing requirements by
      filing either completed copies of the blank forms available from the
      Commission, printed or typed facsimiles, or computer printed facsimiles,
      provided the documents filed have identical formats to the forms
      prescribed in the Commission's regulations and meet existing Securities
      Exchange Act rules as to such matters as clarity and size (Securities
      Exchange Act Rule 12b-12).



SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G
Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934 and
the rules and regulations thereunder, the Commission is authorized to solicit
the information required to be supplied by this schedule by certain security
holders of certain issuers.
Disclosure of the information specified in this schedule is mandatory, except
for I.R.S. identification numbers, disclosure of which is voluntary. The
information will be used for the primary purpose of determining and disclosing
the holdings of certain beneficial owners of certain equity securities. This
statement will be made a matter of public record. Therefore, any information
given will be available for inspection by any member of the public.
Because of the public nature of the information, the Commission can use it for a
variety of purposes, including referral to other governmental authorities or
securities self-regulatory organizations for investigatory purposes or in
connection with litigation involving the Federal securities laws or other civil,
criminal or regulatory statutes or provisions. I.R.S. identification numbers, if
furnished, will assist the Commission in identifying security holders and,
therefore, in promptly processing statements of beneficial ownership of
securities.
Failure to disclose the information requested by this schedule, except for
I.R.S. identification numbers, may result in civil or criminal action against
the persons involved for violation of the Federal securities laws and rules
promulgated thereunder.



GENERAL INSTRUCTIONS
      A.Statements filed pursuant to Rule 13d-1(b) containing the information
      required by this schedule shall be filed not later than February 14
      following the calendar year covered by the statement or within the time
      specified in Rules 13d-1(b)(2) and 13d2(c). Statements filed pursuant to
      Rule 13d-1(c) shall be filed within the time specified in Rules 13d-1(c),
      13d-2(b) and 13d-2(d). Statements filed pursuant to Rule 13d-1(d) shall be
      filed not later than February 14 following the calendar year covered by
      the statement pursuant to Rules 13d-1(d) and 13d-2(b).
      B.Information contained in a form which is required to be filed by rules
      under section 13(f) (15 U.S.C. 78m(f)) for the same calendar year as that
      covered by a statement on this schedule may be incorporated by reference
      in response to any of the items of this schedule. If such information is
      incorporated by reference in this schedule, copies of the relevant pages
      of such form shall be filed as an exhibit to this schedule.
      C.The item numbers and captions of the items shall be included but the
      text of the items is to be omitted. The answers to the items shall be so
      prepared as to indicate clearly the coverage of the items without
      referring to the text of the items. Answer every item. If an item is
      inapplicable or the answer is in the negative, so state.


      Item 1.

      (a)Name of Issuer
Orthofix International N.V.
      (b)Address of Issuer's Principal Executive Offices
7 Abraham de Veerstraat
Curacao, Netherland Antilles

      Item 2.

      (a)Name of Person Filing SEE ROW 1 OF COVER PAGES

      (b)Address of Principal Business Office or, if none, Residence
Federated Investors Tower, Pittsburgh, PA 15222-3779
      (c)Citizenship SEE ROWS 1 AND 4 OF COVER PAGES

      (d)Title of Class of Securities
Commn stock
      (e)CUSIP Number  N6748L102


      Item 3.If this statement is filed pursuant to ss.ss.240.13d-1(b) or
      240.13d-2(b) or (c), check whether the person filing is a:

      (g)[ X  ]A parent holding company or control person in accordance withss.
      240.13d-1(b)(1)(ii)(G);

      Item 4.Ownership.
      Provide the following information regarding the aggregate number and
      percentage of the class of securities of the issuer identified in Item 1.
A.    Federated Investors, Inc. (See Footnote 1, next page)
      (a)Amount beneficially owned: 937,300

      (b)Percent of class: 7%

      (c)Number of shares as to which the person has:


      (i)Sole power to vote or to direct the vote  937,300


      (ii)Shared power to vote or to direct the vote -0-.


      (iii)Sole power to dispose or to direct the disposition of
      937,300


      (iv)Shared power to dispose or to direct the disposition of
      -0-.


B.    Voting Shares Irrevocable Trust
      (a)Amount beneficially owned: 937,300

      (b)Percent of class: 7%

      (c)Number of shares as to which the person has:


      (i)Sole power to vote or to direct the vote  937,300


      (ii)Shared power to vote or to direct the vote -0-.


      (iii)Sole power to dispose or to direct the disposition of
      937,300


      (iv)Shared power to dispose or to direct the disposition of
      -0-.

C.    John F. Donahue)
      (a)Amount beneficially owned: 937,300

      (b)Percent of class: 7%

      (c)Number of shares as to which the person has:


      (i)Sole power to vote or to direct the vote  -0-


      (ii)Shared power to vote or to direct the vote 937,300


      (iii)Sole power to dispose or to direct the disposition of
-0-


      (iv)Shared power to dispose or to direct the disposition of
      937,300

D.    Rhodora J. Donahue
      (a)Amount beneficially owned: 937,300

      (b)Percent of class: 7%

      (c)Number of shares as to which the person has:


      (i)Sole power to vote or to direct the vote  -0-


      (ii)Shared power to vote or to direct the vote 937,300


      (iii)Sole power to dispose or to direct the disposition of
-0-


      (iv)Shared power to dispose or to direct the disposition of
      937,300

E.    J. Christopher Donahue
      (a)Amount beneficially owned: 937,300

      (b)Percent of class: 7%

      (c)Number of shares as to which the person has:


      (i)Sole power to vote or to direct the vote  -0-


      (ii)Shared power to vote or to direct the vote 937,300


      (iii)Sole power to dispose or to direct the disposition of
      -0-


      (iv)Shared power to dispose or to direct the disposition of
937,300


     Instruction. For computations regarding securities which represent a right
      to acquire an underlying security seess.240.13d3(d)(1).


      Item 5.Ownership of Five Percent or Less of a Class
      If this statement is being filed to report the fact that as of the date
      hereof the reporting person has ceased to be the beneficial owner of more
      than five percent of the class of securities, check the following [   ].
      Instruction: Dissolution of a group requires a response to this item.


      Item 6.Ownership of More than Five Percent on Behalf of Another Person.
      NOT APPLICABLE


      Item 7.Identification and Classification of the Subsidiary Which Acquired
      SEE EXHIBIT "1" ATTACHED


      Item 8.Identification and Classification of Members of the Group
      NOT APPLICABLE


      Item 9.Notice of Dissolution of Group
NOT APPLICABLE


      Item 10.Certification

      (a)The following certification shall be included if the statement is filed
      pursuant to ss.240.13d-1(b):
        By signing below I certify that, to the best of my knowledge and belief,
        the securities referred to above were acquired and are held in the
        ordinary course of business and were not acquired and are not held for
        the purpose of or with the effect of changing or influencing the control
        of the issuer of the securities and were not acquired and are not held
        in connection with or as a participant in any transaction having that
        purpose or effect.

      (b)The following certification shall be included if the statement is filed
      pursuant to ss.240.13d-1(c):
        By signing below I certify that, to the best of my knowledge and belief,
        the securities referred to above were not acquired and are not held for
        the purpose of or with the effect of changing or influencing the control
        of the issuer of the securities and were not acquired and are not held
        in connection with or as a participant in any transaction having that
        purpose or effect.



SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
      February 14, 2002
      Date
      /s/J. Christopher Donahue
      Signature
      J. Christopher Donahue, as President of Federated Investors, Inc.
      Name/Title











The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.

     NOTE:  Schedules  filed in paper format shall include a signed original and
five copies of the schedule,  including all exhibits.  Seess.240.13d-7 for other
parties for whom copies are to be sent.

      Attention:Intentional misstatements or omissions of fact constitute
      Federal criminal violations
      (See 18 U.S.C. 1001)

                                      EXHIBIT "1"

                               ITEM 3 CLASSIFICATION OF
                                   REPORTING PERSONS
                 Identity and Classification of Each Reporting Person


IDENTITY                            CLASSIFICATION UNDER ITEM 3

Federated Investment Management     (e) Investment Adviser registered under
      Company                       section 203 of the Investment Advisers
                                    Act of 1940

Federated Investment Counseling     (e) Investment Adviser registered under
                                    section 203 of the Investment Advisers Act
                                    of 1940

Federated Global Investment         (e) Investment Adviser registered under
      Management Company            section 203 of the Investment Advisers
                                    Act of 1940
Federated Investors, Inc.           (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

FII Holdings, Inc.                  (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

Voting Shares Irrevocable Trust     (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

John F. Donahue                     (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

Rhodora J. Donahue                  (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

J. Christopher Donahue              (g) Parent Holding Company, in accordance
                                    with Section 240.13d-1(b)(ii)(G)

     Federated  Investors,  Inc.  (the  "Parent")  is filing this  Schedule  13G
because it is the parent  holding  company of  Federated  Investment  Management
Company,  Federated  Investment  Counseling,  and  Federated  Global  Investment
Management Corp. (the "Investment  Advisers"),  which act as investment advisers
to  registered  investment  companies  and separate  accounts that own shares of
common stock in Orthofix  International  N.V. (the "Reported  Securities').  The
Investment  Advisers are wholly owned subsidiaries of FII Holdings,  Inc., which
is wholly owned subsidiary of Federated Investors,  Inc., the Parent. All of the
Parent's outstanding voting stock is held in the Voting Shares Irrevocable Trust
(the "Trust") for which John F. Donahue,  Rhodora J. Donahue and J.  Christopher
Donahue act as trustees (collectively, the "Trustees"). The Trustees have joined
in filing this Schedule 13G because of the  collective  voting control that they
exercise over the Parent. In accordance with Rule 13d-4 under the Securities Act
of 1934, as amended,  the Parent,  the Trust,  and each of the Trustees  declare
that this  statement  should not be construed as an admission  that they are the
beneficial  owners of the Reported  Securities,  and the Parent,  the Trust, and
each of the Trustees  expressly  disclaim  beneficial  ownership of the Reported
Securities


                                      EXHIBIT "2"

                             AGREEMENT FOR JOINT FILING OF

                                     SCHEDULE 13G

     The  following  parties  hereby  agree to file  jointly  the  statement  on
Schedule  13G to which this  Agreement is attached  and any  amendments  thereto
which may be deemed necessary  pursuant to Regulation 13D-G under the Securities
Exchange Act of 1934:

     1. Federated  Investors,  Inc. as parent holding  company of the investment
advisers  to  registered   investment   companies  that   beneficially  own  the
securities.

Voting Shares Irrevocable Trust, as holder of all the voting shares of Federated
Investors, Inc.

John F. Donahue, individually and as Trustee

Rhodora J. Donahue, individually and as Trustee

J. Christopher Donahue, individually and as Trustee

     It is understood  and agreed that each of the parties hereto is responsible
for the timely filing of such statement and any amendments thereto,  and for the
completeness  and accuracy of the  information  concerning  such party contained
therein,  but such party is not responsible for the  completeness or accuracy of
information  concerning  the other parties unless such party knows or has reason
to believe that such information is incomplete or inaccurate.

     It is understood and agreed that the joint filing of Schedule 13G shall not
be construed as an admission that the reporting  persons named herein constitute
a group for purposes of Regulation 13D-G of the Securities Exchange Act of 1934,
nor is a joint venture for purposes of the Investment Company Act of 1940.

Date:       February 14, 2002

By:   /s/J. Christopher Donahue
Name/Title: J. Christopher Donahue, as President of Federated Investors, Inc.

By:   /s/ J. Christopher Donahue
Name/Title: John F. Donahue, individually and as Trustee of Voting Shares
Irrevocable Trust, by J. Christopher Donahue, as attorney-in-fact.

By:   /s/   Rhodora J. Donahue
Name/Title: Rhodora J. Donahue, individually and as Trustee as Voting Shares
Irrevocable Trust, by J. Christopher Donahue, as attorney-in-fact.

By:   /s/   J. Christopher Donahue
Name/Title: J. Christopher Donahue, individually and as Trustee of Voting Shares
Irrevocable Trust

     1. The number of shares indicated  represent shares  beneficially  owned by
registered investment companies and separate accounts advised by subsidiaries of
Federated  Investors,  Inc.  that  have  been  delegated  the  power  to  direct
investments  and  power  to vote the  securities  by the  registered  investment
companies'  board  of  trustees  or  directors  and  by the  separate  accounts'
principals.  All of the voting securities of Federated Investors,  Inc. are held
in the Voting Shares Irrevocable Trust ("Trust"), the trustees of which are John
F. Donahue,  Rhodora J. Donahue,  and J. Christopher  Donahue  ("Trustees').  In
accordance with Rule 13d-4 under the 1934 Act, the Trust,  Trustees,  and parent
holding  company  declare  that  the  filing  of this  statement  should  not be
construed as an admission  that any of the investment  advisers,  parent holding
company, Trust, and Trustees are beneficial owners (for the purposes of Sections
13(d) and/or 13(g) of the Act) of any securities covered by this statement,  and
such advisers,  parent holding company,  Trust, and Trustees  expressly disclaim
that they are the beneficial owners such securities.