U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
Glickenhaus & Co.
6 East 43rd Street
New York, New York 10017
2. Name of each series or class of funds for which this notice is filed:
Glickenhaus Value Portfolios, The 1996 Equity Collection
3. Investment Company Act File Number: 811-7423
Securities Act File Number: 33-64155
4. Last day of fiscal year for which this notice is filed:
December 31, 1996
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: / /
6. Date of termination of issuer's declaration under rule 24f-2(a)(1), if
applicable (see instruction A.6):
Not Applicable
7. Number and amount of securities of the same class or series which had
een 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:
None
C/M: 10726.0002 462963.1
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8. Number and amount of securities registered during the fiscal year other
than pursuant to rule 24f-2:
None
9. Number and aggregate sale price of securities sold during the fiscal
year:
209,244 Units $2,360,272.32
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to rule 24f-2:
209,244 Units $2,360,272.32
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):
None
12. Calculation of registration fee:
<TABLE>
<S> <C> <C>
(i) Aggregate sale price of securities sold during the fiscal year in
reliance on rule 24f-2 (from Item 10): $2,360,272.32
-----------------------------
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11, if applicable): + 0
-----------------------------
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable): - 618,283.74
-----------------------------
(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees pursuant to rule
24e-2 (if applicable): + 0
-----------------------------
(v) Net aggregate price of securities sold and issued during the
fiscal year in reliance on rule 24f-2 [line (i), plus line (ii), less
line (iii), plus line (iv)] (if applicable): 1,741,988.58
-----------------------------
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see instruction C.6): x 1/3300%
-----------------------------
(vii) Fee due [line (i) or line (v) multiplied by line (vi)]: $ 527.88
-----------------------------
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.
</TABLE>
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). / /
C/M: 10726.0002 462963.1
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Exhibit: Opinion of Messrs. Battle Fowler LLP
Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:
February 27, 1997
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: Glickenhaus & Co.
By (Signature and Title)* /s/ JAMES VACCACIO
-------------------------------------------
James Vaccacio
Manager of Fixed Income
Date: February 28, 1997
* Please print the name and title of the signing officer below the signature.
C/M: 10726.0002 462963.1
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(212) 856-6853
February 28, 1997
Glickenhaus & Co.
6 East 43rd Street
New York, New York 10017
Gentlemen:
We have acted as special counsel to Glickenhaus & Co. as
Sponsor (the "Sponsor") of Glickenhaus Value Portfolios, The 1996
Equity Collection (the "Trust") in connection with the preparation
by the Trust of a Rule 24f-2 Notice (the "Rule 24f-2 Notice")
covering the registration of units of fractional undivided interest
(the "Units") in the Trust.
In connection with our representation, we have examined
copies of the Trust Agreement, the Registration Statement, and such
other Trust records and documents as we deemed necessary for the
purpose of this opinion.
We have also examined such other documents, papers,
statutes and authorities as we deemed necessary for the purposes of
this opinion. In rendering this opinion we have assumed the
genuineness of all signatures, the authenticity and completeness of
all documents, certificates and instruments submitted to us as
originals, the conformity with the originals of all documents,
certificates and instruments submitted to us as copies and the legal
capacity to sign of all individuals executing such documents,
certificates and instruments, and we have relied upon statements and
certificates of officers and representatives of the Sponsor and
others.
We have assumed that each party has duly authorized,
executed and delivered the Trust Agreement, Registration Statement
and other instruments, certificates, agreements, documents executed
in connection with the transactions contemplated thereby
(collectively "UIT Documents") to which it is a party.
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2
We have assumed that each party is duly qualified and has
full power and authority to perform its obligations under the UIT
Documents and the transactions contemplated by the UIT Documents.
We have assumed that each party complied with all orders,
rules, regulations applicable to it or in connection with the UIT
Documents or the transactions contemplated thereby. We have further
assumed that no party to the transaction contemplated by the UIT
Documents is subject to any statute, rule or regulation, or to any
impediment to which contracting parties are not generally subject,
which requires such party to obtain the authorization or consent of,
or to register or make a declaration or filing with, or inquiry of
any governmental agency or regulatory authority.
Based on such examination and assumptions, we are of the
opinion that the Units, the registration of which this Notice makes
definitive, when sold by the Depositor and purchased and paid for by
the Unitholder, duly executed, authenticated and delivered in
accordance with the Trust Agreement and the Registration Statement
relating to such Units, the Units were validly issued, fully paid
and nonassessable.
We are not admitted to the practice of law in any
jurisdiction but the State of New York and we do not hold ourselves
out as experts in or express any opinion as to the laws of other
states or jurisdictions except as to matters of Federal and Delaware
corporate law.
We hereby consent to the filing of this opinion as an
exhibit to the Rule 24f-2 Notice.
Very truly yours,
BATTLE FOWLER LLP
C/M: 10726.0002 463075.2
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Battle Fowler LLP
A Limited Liability Partnership
Park Avenue Tower
75 East 55th Street
New York, N.Y. 10022
(212) 856-6877
February 28, 1997
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Glickenhaus Value Portfolios,
The 1996 Equity Collection
Registration No. 33-64155
Ladies and Gentlemen:
On behalf of Glickenhaus & Co., Sponsor of Glickenhaus
Value Portfolios, The 1996 Equity Collection, we transmit the
Rule 24f-2 Notice for filing under the Securities Act of 1933.
We have wired transferred funds in the amount of $527.88
on behalf of the Sponsor to the account of the Securities and
Exchange Commission at Mellon Bank in payment of the fee.
Very truly yours,
Gary D. Rawitz
Enclosure
cc: Mr. Michael Lynch
C/M: 10726.0002 463563.1
