INTERNET FUND INC
24F-2NT, 1998-10-01
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1. issuer: The Internet Fund, Inc.
address: 344 Van Buren Street
         North Babylon, New York  11704

2. Only one series: The Internet Fund, Inc

3. Investment Co. Act file #811-07595
                                      333-03147

4a Last day of fiscal year for which form is filed
                         12-31-96
          4.b This is being filed late. No interest due.
          
          5.  calculation of registration fee;
        
(i) Sales of securities                0
(ii) Securities redeemed  $0
(iii)                          0
(iv)                                    0
(v) Net Sales                          $0
(vi) Redemption credits avail.
For future years $0
(vii)                                     0
(viii)                                    $0
          6. Prepaid shares:
             If the response to 5(I) was determined by 
             Deducting an amount under securities that
             were registered under the Securities Act
             of 1933 Pursuant to rule 24e as in effect
             10/11/97 shares deducted here  $169500
             Shares available unsold at end of fiscal
             Year and are available for use by issuer
             In future years state number here: $7330500.
            
           7. Interest due                                   $0

           8. Registration fee due                           $0
              Submitted by: Margaret B. Doyle, Pres.
                            The  Internet Fund, Inc.
                            344 Van Buren Street
                            N. Babylon, New York 11704
                            516-893-4200



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