INTERNET FUND INC
485BPOS, 1996-11-19
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                                                                Page 1

                     File No. 333-3147




                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933[ X ]

                                  and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [ X ]
   

                     Post-Effective Amendment No.   1               [ X ]
    

                  (Check appropriate box or boxes)

The Internet Fund, Inc.
(Exact Name of Registrant as Specified in Charter)

473 Martling Avenue, Tarrytown, NY 10591
(Address of Principal Executive Offices)

914-631-9030
(Registrants Telephone Number)

			Leonid Polyakov 
		473 Martling Avenue, Tarrytown, NY 10591
		(Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box)
   

__X__ immediately upon filing pursuant to paragraph (b)
    

_____ on _________________ pursuant to paragraph (b)

_____ 60 days after filing pursuant to paragraph (a) (i)

_____ on (date) pursuant to paragraph (a) (i)

_____ 75 days after filing pursuant to paragraph (a) (ii)

_____ on (date) pursuant to paragraph (a) (ii) of Rule 485

   

Registrant is making this ammendment under the Regulation 230.485 (B)(1)(Vii).
Making a non-material change which the Registrant deems appropritate. This
change is being made before any prospectus has been sent out, or any
offer to sell or any sales has been commenced. Form N1-A has been filed with
the Securities and Exchange Commission and is hereby incorporated by
reference.
    
Change:
					Member of Board
					====================================
Before:					Jefferey D. Kelvin
					141 Fox Hunt Circle
					Plymouth Meeting, PA 19462

After:					Murray Stahl
					342 Madison Avenue
					New York, NY 10017
					====================================

                                SIGNATURES
   

    Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all the
requirements for effectiveness of this Amendment to the Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused
this Amendment to the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York, and State of
New York, on the 24th day of October, 1996.
    

                              The Internet Fund, Inc.

                            BY: Leonid Polyakov
                                PRESIDENT


    Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, this Amendment to the Registration Statement
has been signed below by the following persons in the capacities and on the
date indicated.

SIGNATURE                      TITLE


Leonid Polyakov        President                  

Francis J. Alexander   Vice President             

Murray Stahl           Non-interested Director    

Kathleen Campbell      Non-interested Director    

Douglas Cohen, C.P.A.  Non-interested Director    




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