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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
READ INSTRUCTIONS AT END OF FORM BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE.
1. RCM Equity Funds, Inc.
Four Embarcadero Center, Suite 3000
San Francisco, California 94111
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NAME AND ADDRESS OF ISSUER:
2. RCM Global Technology Fund
RCM Global Health Care Fund
RCM Global Small Cap Fund
RCM Large Cap Growth Fund
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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
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4. December 31, 1996
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LAST DAY OF FISCAL YEAR FOR WHICH THIS NOTICE IS FILED:
5. N/A
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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:
6. N/A
____________________________________________________________________________
DATE OF TERMINATION OF ISSUER'S DECLARATION UNDER RULE 24f-2(a)(1), IF
APPLICABLE (SEE INSTRUCTION A.6):
7. N/A
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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:
8. N/A
____________________________________________________________________________
NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL YEAR OTHER
THAN PURSUANT TO RULE 24f-2:
9. N/A
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NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL
YEAR:
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10. 1,514,233=number of shares $15,338,002=aggregate sale price
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NUMBER AND AGGREGATE SALE PRICE OF SECURITIES SOLD DURING THE FISCAL
YEAR IN RELIANCE UPON REGISTRATION PURSUANT TO RULE 24f-2.
11. 2,926=number of shares $36,110=aggregate sale price
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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:
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<S> <C>
(i) Aggregate sale price of securities sold during
the fiscal year in reliance on rule 24f-2 15,338,002.00
(from Item 10):
(ii) Aggregate price of shares issued in connection 36,110.00
with dividend reinvestment plans (from 11,
if applicable):
(iii) Aggregate price of shares redeemed or repurchased (68,920.00)
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 15,305,192.00
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 0.030303% (1/33 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 $ 4,637.94
line (vi)):
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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.
13. X
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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).
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February 28, 1997
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DATE OF MAILING OR WIRE TRANSFER OF FILING FEES TO THE COMMISSION'S
LOCKBOX DEPOSITORY:
/s/ Richard W. Ingram
___________________________________________________________________________
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 (SIGNATURE AND TITLE)* Richard W. Ingram, President
DATE 2/28/96
______________________________________________________________________
* Please print the name and title of the signing officer below the
signature.
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