RCM EQUITY FUNDS INC
24F-2NT, 1998-03-30
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               U. S. SECURITIES AND EXCHANGE COMMISSION             
                           WASHINGTON, D.C. 20549              
                                                               
                                   FORM 24F-2                  
                       ANNUAL NOTICE OF SECURITIES SOLD        
                             PURSUANT TO RULE 24F-2            
                                                               



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



2.  Dresdner RCM Global Technology Fund
    Dresdner RCM Global Health Care Fund
    Dresdner RCM Global Small Cap Fund
    Dresdner RCM Large Cap Growth Fund
    Dresdner RCM Biotechnology Fund
    Dresdner RCM Emerging Markets 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

4.  December 31, 1997
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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
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    DATE OF TERMINATION OF ISSUER'S DECLARATION UNDER RULE 24f-2(a)(1), IF
    APPLICABLE (SEE INSTRUCTIONS 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
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    NUMBER AND AMOUNT OF SECURITIES REGISTERED DURING THE FISCAL YEAR OTHER
    THAN PURSUANT TO THE 24f-2:

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

                                                          Page 1
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10. 752,735=number of shares      $8,185,439 = 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. 72,503= number of shares      $944,090 = 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:

    (i)   Aggregate sale price of securities sold during          8,185,439.00
           the fiscal year in reliance on rule 24f-2
           (from Item 10):

    (ii)  Aggregate price of shares issued in connection            944,090.00
           with dividend reinvestment plans (from 11,
           if applicable):

    (iii) Aggregate price of shares redeemed or repurchased      (1,539,011.00)
           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       7,590,518.00
           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%
           Securities Act of 1933 or other applicable law         (1/33 of 1%)
           or regulation (see instruction C.8):
 
    (vii) Fee due (line (i) or line (v) multiplied by line (vi)): $   2,300.16

    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).

                                                          Page 2


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  March 31, 1998
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  DATE OF MAILING OR WIRE TRANSFER OF FILING FEES TO THE COMMISSION'S
  LOCKBOX DEPOSITORY:


  /s/ Richard W. Ingram
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  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)*  Richard W. Ingram, President

  DATE   3/31/98
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  * Please print the name and title of the signing officer below the signature.


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