U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 24F-2
Annual Notice of Securities Sold Pursuant to Rule 24f-2
1. Name and address of issuer:
JWB Aggressive Growth Fund
1188 Bishop Street, Suite 1712
Honolulu, HI 96813
2. Name of each series or class of funds for which this notice is filed:
JWB Aggressive Growth Fund
3. Investment Company Act File Number: 811-9132
Securities Act File Number 33-99124
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):
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: 0
8. Number and amount of securities registered during the fiscal year other
than pursuant to Rule 24f-2: 0
9. Number and aggregate sale price of securities sold during the fiscal
year:
Number of shares: 48,836 Aggregate Sale Price: 462,011
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to Rule 24f-2:
Number of shares: 48,836 Aggregate Sale Price: 462,011
11. Number and aggregate sale price of securities issued during the fiscal
year in connection with dividend reinvestment plans, if applicable :
0
12. Calculation of registration fee:
(I) Aggregate sale price of securities sold during the fiscal year
in reliance on Rule 24f-2 (from Item 10): $462,011
(ii) Aggregate price of shares issued in connection with dividend
reinvestment plans (from Item 11): 0
(iii) Aggregate price of shares redeemed or repurchased during the
fiscal year (if applicable) $18,320
(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):
$443,691
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation: x 1/3300
(vii) Fee due [line (I) or line (v) multiplied by line (vi)] $134.45
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 Procedures (17 CFR 202.3a) [x]
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)* /s/John W. Bagwell
------------------
John W. Bagwell
President
Date: February 28, 1997
ROGER YOSHITO DEWA
ATTORNEY AT LAW
February 27, 1997
WAHIAWA OFFICE HONOLULU OFFICE
531 Avocado Street International Savings Bldg.
Wahiawa, Hawaii 96786 1111 Bishop Street, Suite 51
Tel. 808-621-0751 Honolulu, Hawaii 96813
Tel. 808-521-3665
Fax 808-523-0797
John W. Bagwell, Trustee
JWB Aggressive Growth Fund
Century Square Building
1188 Bishop Street, Suite 1712
Honolulu, Hawaii 96813
Dear Mr. Bagwell:
Re: Rule 24f-2 Notice
I, Roger Y. Dewa, Attorney at Law and Secretary for JWB Aggressive
Growth Fund, hereby have passed on the legality of the securities being
registered, which when sold pursuant to the prospectus, were legally issued,
fully paid and nonassessable. I understand that, pursuant to Rule 24f-2 under
the Investment Company Act of 1940, the Trust is making definite the
registration of 48,836 shares of beneficial interest of the Trust sold in
reliance upon said Rule 24f-2 during the fiscal period ended December 31, 1996.
I hereby consent to an inclusion of my opinion dated February 27, 1997,
in the funds registration statement and prospectus with the Securities and
Exchange Commission together with the Form 24f-2 referred to above.
Very truly yours,
/s/ ROGER Y. DEWA
ROGER Y. DEWA
RYD:mg
