RCM EQUITY FUNDS INC
24F-2NT, 1996-02-29
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                   U.S. SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                  FORM 24(f)-2
                       ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24(f)-2


 RCM Equity Funds, Inc.
 Four Embarcadero Center, Suite 3000
 San Francisco, California 94111
 ______________________________________________________________________________
 1. NAME AND ADDRESS OF ISSUER:



 RCM Global Technology Fund
 ______________________________________________________________________________
 2. NAME OF EACH SERIES OR CLASS OF FUNDS FOR WHICH THIS NOTICE IS FILED:





 ______________________________________________________________________________
 3. INVESTMENT COMPANY ACT FILE NUMBER: 811-09100


    SECURITIES ACT FILE NUMBER: 33-97572

 December 31, 1995
 ______________________________________________________________________________
 4. LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED:

 N/A
 ______________________________________________________________________________
 5. CHECK BOX IF THIS NOTICE IS BEING FILED MORE THAN 180 DAYS AFTER THE CLOSE
    OF THE ISSUER'S FISCAL YEAR FOR PURPOSES OF REPORTING SECURITIES SOLD
    AFTER THE CLOSE OF THE FISCAL YEAR BUT BEFORE TERMINATION OF THE ISSUER'S
    24f-2 DECLARATION:

 N/A                                                                         / /
 ______________________________________________________________________________
 6. DATE OF TERMINATION OF ISSUER'S DECLARATION UNDER RULE 24F-2(a)(1), IF
    APPLICABLE (SEE INSTRUCTION A.6):



 N/A
 ______________________________________________________________________________
 7. NUMBER AND AMOUNT OF SECURITIES OF THE SAME CLASS OR SERIES WHICH HAD BEEN
    REGISTERED UNDER THE SECURITIES ACT OF 1933 OTHER THAN PURSUANT TO RULE
    24f-2 IN A PRIOR FISCAL YEAR, BUT WHICH REMAINED UNSOLD AT THE BEGINNING
    OF THE FISCAL YEAR:


 N/A
 ______________________________________________________________________________
 8. NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL YEAR OTHER
    THAN PURSUANT TO RULE 24f-2:



 N/A
 ______________________________________________________________________________
 9. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL
    YEAR:


                                        Page 1


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 94,980= number of shares     $950,000= aggregate sale price
 ______________________________________________________________________________
 10. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL
     YEAR IN RELIANCE UPON REGISTRATION PURSUANT TO RULE 24f-2.




 0= number of shares          $0= aggregate sale price
 ______________________________________________________________________________
 11. NUMBER AND AGGREGATE SALE PRICE OF SECURITIES ISSUED DURING THE FISCAL
     YEAR IN CONNECTION WITH DIVIDEND REINVESTMENT PLANS, IF APPLICABLE (SEE
     INSTRUCTION B.7):


 ______________________________________________________________________________
 12. CALCULATION OF REGISTRATION FEE:

     (i) Aggregate sale price of securities sold during
         the fiscal year in reliance on rule 24f-2          950,000.00
         (from Item 10):

    (ii) Aggregate price of shares issued in connection           -
         with dividend reinvestment plans (from 11,
         if applicable):

   (iii) Aggregate price of shares redeemed or repurchased        -
         during the fiscal year (if applicable):

    (iv) Aggregate price of shares redeemed or repurchased        -
         and previously applied as a reduction to filing
         fees pursuant to rule 24e-2 (if applicable):

     (v) Net aggregate price of securities sold and issued  950,000.00
         during the fiscal year in reliance on rule 24f-2
         line (i), plus line (ii), less line (iii), plus
         line (iv) (if applicable):

    (vi) Multiplier prescribed by Section 8(b) of the    0.034483% (1/29 of 1%)
         Securities Act of 1933 or other applicable law or
         regulation (see instruction C.8):

   (vii) Fee due (line (i) or line (v) multiplied by        $  327.59
         line (vi)):


 INSTRUCTION: ISSUERS SHOULD COMPLETE LINES (ii), (iii), (iv), AND (v) ONLY IF
               THE FORM IS BEING FILED WITHIN 60 DAYS AFTER THE CLOSE OF THE
               ISSUER'S FISCAL YEAR. See Instruction C.3.

    X
_______________________________________________________________________________
13. CHECK BOX IF FEES ARE BEING REMITTED TO THE COMMISSION'S LOCKBOX
     DEPOSITORY AS DESCRIBED IN SECTION 3a. OF THE COMMISSION'S RULES OF
     INFORMAL AND OTHER PROCEDURES (17 CFR 202.3a).

                                        Page 2

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February 27,1996
- ---------------------------------------------------------------------------
DATE OF MAILING OR WIRE TRANSFER OF FILING FEES TO THE COMMISSION'S
LOCKBOX DEPOSITORY:


/s/ JUDITH A. WILKINSON
_______________________________________________________________________________
SIGNATURES


This report has been signed below by the following persons on behalf of
the issuer and in the capacities and on the dates indicated.

BY (SIGNATURES AND TITLE)* Judith A. Wilkinson
                          _______________________________________________
                           Vice President
                          _______________________________________________

DATE 2/28/96
    ________________________

*Please print the name and title of the signing officer below the signature.

_______________________________________________________________________________

                                        Page 3

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                          PAUL, HASTINGS, JANOFSKY & WALKER
                               555 South Flower Street
                            Los Angeles, California 90071

                               Telephone (213) 683-6000



                                  February 28, 1996


                                                       Our File No.
                                                       24311.71266


RCM Equity Funds, Inc.
Four Embarcadero Center
Suite 3000
San Francisco, California 94111

     Re:  Rule 24f-2 Notice for Fiscal Year
          Ended December 31, 1995
          SEC File No. 811-09100

Ladies and Gentlemen:


          You have requested that we render an opinion to RCM Equity Funds, Inc.
(the "Fund") as to the matters described in Rule 24f-2(b)(1) under the
Investment Company Act of 1940 (the "Act"), which opinion you are required to
file with the Securities and Exchange Commission (the "Commission") together
with a Rule 24f-2 Notice for the fiscal year ended December 31, 1995 (the
"Notice").

          With respect to factual matters in this opinion, we have relied upon
the accuracy of the representations made to us by the Treasurer and Secretary of
the Fund in certificates executed by them and have not independently verified
the accuracy of such factual information.  We have also examined originals or
copies, certified or otherwise identified to our satisfaction as being true
copies, of those corporate records of the Fund, certificates of public
officials, and other documents and matters as we have deemed necessary for the
purpose of this opinion.  We have assumed without independent investigation or
verification the authenticity of the documents submitted to us as originals and
the conformity to the original documents of all documents submitted to us as
copies.

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          Upon the basis of the foregoing and in reliance thereon, and in
reliance upon such other matters as we deem relevant under the circumstances, it
is our opinion that the shares of common stock of the Fund issued during the
Fund's fiscal year ended December 31, 1995, the registration of which shares the
Notice makes definite in number, are legally issued, fully paid and
nonassessable.

          We have not verified, are not passing upon and do not assume any
responsibility for the accuracy or completeness of the statements contained in
the Notice, or for the propriety of the filing of the Notice with the
Commission.  Our opinion is limited to the Act and the laws of the State of
Maryland, and we express no opinion as to the applicability or effect of the
laws of any other jurisdiction.

          This letter is furnished to you pursuant to your request and to the
requirements imposed upon you by Rule 24f-2(b)(1) under the Act and is intended
solely for your benefit for the purpose of completing the filing of the Notice
with the Commission.  This letter may not be used for any other purpose or
furnished to or relied upon by any other persons, or including in any filing
made with any other regulatory authority, without our prior written consent.


                                             Very truly yours,

                              s/ PAUL, HASTINGS, JANOFSKY & WALKER





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