ACCESS CAPITAL STRATEGIES COMMUNITY INV FD INC INSTIT INV PO
NT-NSAR, 1999-08-02
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  FORM 12b-25

                                                Commission File Number 817-00807
                                                                      ----------

                          NOTIFICATION OF LATE FILING

     (Check One): [ ] Form 10-K    [ ] Form 11-K   [ ] Form 20-F   [ ] Form 10-Q

[X] Form N-SAR
     For Period Ended:  May 31, 1999
                      ----------------------------------------------------------

[ ] Transition Report on Form 10-K           [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F           [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K

     For the Transition Period Ended:___________________________________________

     Read attached instruction sheet before preparing form. Please print
or type.

     Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.

     If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:_________________________
________________________________________________________________________________

                                     PART 1
                             REGISTRANT INFORMATION

Full name of registrant
Access Capital Strategies Community Investment Fund, Inc.
- --------------------------------------------------------------------------------

Former Name if applicable
________________________________________________________________________________

Address of principal executive office (Street and number)
The Corporation Trust Incorporated, 32 South Street
- --------------------------------------------------------------------------------

City, state, and zip code Baltimore, Maryland 21202-3242
                         -------------------------------------------------------

                                    PART II
                            RULE 12b-25 (b) AND (c)

     If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)

         (a) The reasons described in reasonable detail in Part III of this form
             could not be eliminated without unreasonable effort or expense;

         (b) The subject annual report, semi-annual report, transition report on
             Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be
[X]          filed on or before the 15th calendar day following the prescribed
             due date; or the subject quarterly report or transition report on
             Form 10-Q, or portion thereof will be filed on or before the fifth
             calendar day following the prescribed due date; and

         (c) The accountant's statement or other exhibit required by Rule
             12b-25(c) has been attached if applicable.

                                    PART III
                                   NARRATIVE

     State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)

     Report not converted to Form N-SAR format in timely manner.
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                                    PART IV
                               OTHER INFORMATION

 (1) Name and telephone number of person to contact in regard to this
notification

         Alyssa Albertelli                            202-        626-3967
- --------------------------------------------------------------------------------
              (Name)                              (Area-Code) (Telephone Number)

 (2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).

       Form N-SAR 11/30/98                                 [ ]Yes     [X] No

 (3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                            [ ]Yes     [X] No

 If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

Access Capital Strategies Community Investment Fund, Inc.
- --------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date   August 2, 1999              By /s/ Ronald A. Homer
    --------------------             -------------------------------------------

      Instruction. The form may be signed by an executive officer of the
   registrant or by any other duly authorized representative. The name and title
   of the person signing the form shall be typed or printed beneath the
   signature. If the statement is signed on behalf of the registrant by an
   authorized representative (other than an executive officer), evidence of the
   representative's authority to sign on behalf of the registrant shall be filed
   with the form.

                                   ATTENTION

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


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