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:
Polynous Trust
345 California Street, Suite 1220
San Francisco, CA 94104
2. Name of each series or class of funds for which this notice is filed:
Polynous Growth Fund - Class A
3. Investment Company Act File Number: 811-07649
Securities Act File Number: 333-04983
4. Last day of fiscal year for which this notice is filed:
July 31, 1998
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 issuers's 24f-2
declaration:
[ ]
6. Date of termination of issuer's declaration under Rule 24f-2(a)(1),
if applicable (see instruction A.6):
N/A
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:
N/A
8. Number and amount of securities registered during the fiscal year other than
pursuant to Rule 24f-2:
N/A
9. Number and aggregate sale price of securities sold during the fiscal year:
826,466 shares were sold for an aggregate price of $ 12,377,540
10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to Rule 24f-2:
826,466 shares were sold for an aggregate price of $ 12,377,540
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):
153,680 shares were sold for an aggregate price of $ 2,048,552
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).....................$ 12,377,540
(ii) Aggregate price of shares issued
in connection with dividend reinvestment plans
(from item 11, if applicable).................+ $ 2,048,552
(iii) Aggregate price of shares redeemed
or repurchased during the fiscal year
(if applicable)...............................- $ 6,409,241
(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)...$ 8,016,851
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable
law or regulation (see instruction C.6).......x .000295
(vii) Fee due:
[line (i) or line (v) multiplied by line (vi)]: $ 2,364.97
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. Check box if fees are being remitted to the Commission's lockbox depository
as described in section 3a of the Commision's Rules of Informal and Other
Procedures(17 CFR 202.3a):
[X]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
October 19, 1998
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\ Gerald Holland
Gerald Holland as agent and attorney in fact
for Kevin L. Wenck, President
Date: October 20, 1998
* Please print the name and title of the signing officer below the signature.
H:\WDATA\ADMIN\POLYNOUS\SEC\24F-2\24F2.98.DOC
October 20, 1998
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and
appoints William J. Baltrus, Gerald J. Holland, Joseph M. O'Donnell and each
of them, with full power to act without the other, as a true and lawful
attorney-in-fact and agent, with full and several power of substitution, to
sign any Registration Statement, or amendment thereto of Polynous Trust (the
"Trust") to be filed with the Securities and Exchange Commission under the
Investment Company Act of 1940, as amended, and the Securities Act of 1933,
as amended; and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the U.S. Securities and Exchange
Commission; and to take any appropriate action to qualify or register all or
part of the securities of the Trust for sale in various states; granting to
such attorneys-in-fact and agents, and each of them, full power and authority
to do and perform each and every act requisite and necessary to be done in
connection therewith, as fully as that person might or could do in person,
hereby ratifying and confirming all that such attorneys-in-fact and agents or
any of them, or any substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on
the 25TH day of July, 1996.
/S/ KEVIN L. WENCK
______________________________________________________
Kevin Wenck, President
ACKNOWLEDGEMENT
State of California )
) ss:
County of San Francisco )
The foregoing instrument was acknowledged before me this 25th day of July,
1996, by Kevin L. Wenck, President of Polynous Trust.
/S/ CYNTHIA S. SHANNON
____________________________________________________
Notary Public
